Why this year's budget is such a balancing act ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

A little after 1pm today, one of the set pieces of Australian political theatre will get underway when journalists, influencers and lobbyists enter the lock-up for the federal budget at Parliament House in Canberra.

We’ll hand in our mobile phones, switch off wifi and be sealed off from the outside world – reading hundreds of pages of documents before Treasurer Jim Chalmers officially hands down the budget at 7.30pm.

Of course, much of the detail has already been released: tax changes are coming for negative gearing, the capital gains tax discount and trusts. Chalmers has flagged fresh spending on priority areas such as defence and health, while making cuts elsewhere including the runaway growth in the NDIS.

The treasurer faces conflicting pressures: the community wants to see more government spending on cost-of-living support, but the Reserve Bank worries this could fuel inflation, as Stephen Bartos writes. Against the backdrop of the largest fuel shock in 50 years, that makes this year’s budget a tricky high-wire act.

We’ll bring you detailed analysis from experts of what it means for you in our special newsletter this evening.

Victoria Thieberger

Business and Economics Editor

 

In this year’s budget, Chalmers has to keep a lid on spending – or risk stoking inflation

Stephen Bartos, University of Canberra

The government is under pressure to spend more on cost-of-living help. Getting the balance wrong could trigger further interest rates hikes.

How the federal budget became unlocked – and allowed the digital world in

Claire Fitzpatrick, Edith Cowan University; Emily Foley, Flinders University; University of Canberra

Social media ‘influencers’ were dismissed in some quarters when they were allowed into the budget lock-up. But they carry huge clout, and are here to stay.

Specialist doctors are charging too much. 4 options to rein in excessive fees

Anthony Scott, Monash University

Specialist doctors have the highest incomes in the country and run the most profitable business. But patients often can’t afford their fees.

Help! I’m almost finished school but don’t know what I want to do next

Emma Bradshaw, Australian Catholic University

Not having a clear plan for after school is normal. It is totally unrealistic to think you will know all the answers to these questions at 17 or 18.

We found hundreds of huge ancient mass graves hidden in the Sahara desert

Julien Cooper, Macquarie University; Maël Crépy, Université Lumière Lyon 2 ; Marie Bourgeois, Université Lumière Lyon 2

The circular mass graves were filled with the bones of people and animals, often carefully arranged around a key person at the centre.

Siri Hustvedt’s powerful memoir of losing her husband Paul Auster will make you cry

Julienne van Loon, The University of Melbourne

Siri Hustvedt is writing for her own survival in Ghost Stories, an extraordinary new grief memoir.

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