The Daily Aus Headlines: Budget deficit drops to $10 billion
Sep 29, 2025
The Federal Government's final Budget outcome reveals a deficit dropping to under $10 billion, stirring political reactions. A dramatic police chase in Melbourne ends with arrests and a pedestrian in the hospital. In Michigan, a tragic church shooting claims four lives, prompting an FBI investigation. On a brighter note, a new study suggests that eating more fruit may help protect your lungs from air pollution. Tune in for these compelling stories!
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Budget Deficit Shrinks Significantly
- Treasurer Jim Chalmers announced a final 2024-25 deficit under $10 billion, a significant improvement from last year's $28 billion forecast.
- He framed it as the biggest budget improvement in a single term and proof Australia has one of the G20's strongest budgets.
Political Spin Shapes Budget Reaction
- The opposition framed the improvement differently, blaming Labor for turning a coalition surplus into a Labour deficit through irresponsible spending.
- The budget update arrives just before the Reserve Bank's next cash rate decision, linking fiscal and monetary contexts.
Melbourne CBD Police Chase Ends In Arrests
- Victoria Police pursued an erratic BMW believed to be stolen from Doncaster into Melbourne's CBD, where it struck a pedestrian and was abandoned on Bourke Street Mall.
- Four teenagers were arrested nearby and the pedestrian was hospitalised with non-life-threatening injuries.