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'Nothing is free': Joe Hockey warns of budget pain, with pensions in the firing line

Australians from all walks of life should brace for a serious tightening of federal government expenditure, Joe Hockey has warned giving his most direct indication of the scope and severity of his first budget to be delivered in just over a fortnight.
Australians from all walks of life should brace for a serious tightening of federal government expenditure, Joe Hockey has warned giving his most direct indication of the scope and severity of his first budget to be delivered in just over a fortnight.
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AWI chairman Wally Merriman says a scheme to regulate the supply of wool into auction markets may be needed to stop wild price fluctuations. AWI chairman Wally Merriman says a scheme to regulate the supply of wool into auction markets may be needed to stop wild price fluctuations.
FEDERAL Trade Minister Andrew Robb has hit back at the farm sector’s criticism of the Australia-Japan trade agreement. FEDERAL Trade Minister Andrew Robb has hit back at the farm sector’s criticism of the Australia-Japan trade agreement.
MOST northern beef businesses are currently not economically sustainable, a new analysis of the sector has found. MOST northern beef businesses are currently not economically sustainable, a new analysis of the sector has found.
HIGH oleic oil canola, which is prized by end-users for its healthy oil profile, is finding a wider fit across Australia. HIGH oleic oil canola, which is prized by end-users for its healthy oil profile, is finding a wider fit across Australia.
Faced with a choice between ramping up tax or bearing down on spending, Joe Hockey has opted to stifle spending.
5:28 AM Faced with a choice between ramping up tax or bearing down on spending, Joe Hockey has opted to stifle spending.
The body of a teenage boy has been recovered from a lake in the Blue Mountains after he fell into the water while on a fishing trip with his younger brother.
5:21 AM The body of a teenage boy has been recovered from a lake in the Blue Mountains after he fell into the water while on a fishing trip with his younger brother.
Sunset, when the Gallipoli Peninsula is quiet and the tour buses have gone, grants a softness to the tough hills and the deep valleys of the old Anzac battlefields.
3:00 AM Sunset, when the Gallipoli Peninsula is quiet and the tour buses have gone, grants a softness to the tough hills and the deep valleys of the old Anzac battlefields.
House-price growth has slowed this year, leading analysts to suggest the Sydney property boom is over. Following house price growth of 5.1 per cent in the December quarter, Sydney prices grew by 3.1 per cent over the March quarter, according to Australian Property Monitors.
3:00 AM House-price growth has slowed this year, leading analysts to suggest the Sydney property boom is over. Following house price growth of 5.1 per cent in the December quarter, Sydney prices...
When Idris Murphy travelled to Gallipoli last year with a group of artists, the landscape painter carried letters written by a man he had never met but whose name he inherited.
3:00 AM When Idris Murphy travelled to Gallipoli last year with a group of artists, the landscape painter carried letters written by a man he had never met but whose name he inherited.
Sunset, when the Gallipoli Peninsula is quiet and the tour buses have gone, grants a softness to the tough hills and valleys of the old Anzac battlefields.
3:00 AM Sunset, when the Gallipoli Peninsula is quiet and the tour buses have gone, grants a softness to the tough hills and valleys of the old Anzac battlefields.
George Main has commemorated Anzac Day since he was a boy.
3:00 AM George Main has commemorated Anzac Day since he was a boy.
3:00 AM Australia's top public servant will get a $42,000 wage rise in July as industrial strife looms over pay rises for Commonwealth's 160,000 rank-and-file bureaucrats.
3:00 AM Australia's top public servant will get a $42,000 wage rise in July as industrial strife looms over pay rises for the Commonwealth's 160,000 rank-and-file bureaucrats.
Maria Tosti was 85 when her son broached a seldom-discussed topic: what his mother wanted as she neared the end of her life.
3:00 AM Maria Tosti was 85 when her son broached a seldom-discussed topic: what his mother wanted as she neared the end of her life.
3:00 AM Construction could start on another rail crossing of Sydney Harbour this decade after Transport Minister Gladys Berejiklian said she would press Premier Mike Baird to bring forward the...
Two of the state government's most experienced department heads, Sam Haddad and Laurie Glanfield, have lost their jobs after a restructing of departments by new premier Mike Baird.
3:00 AM Two of the state government's most experienced department heads, Sam Haddad and Laurie Glanfield, have lost their jobs after a restructing of departments by new premier Mike Baird.
2:29 AM Andrew Mackie is battling a 'complex' hamstring issue and may be left out of Sunday's top-of-the-table match against Port Adelaide.
Michelle Simmons has joined Stephen Hawking, Albert Einstein and Alexander Graham Bell as an elected member of the American Academy of Arts and Sciences.
2:02 AM Michelle Simmons has joined Stephen Hawking, Albert Einstein and Alexander Graham Bell as an elected member of the American Academy of Arts and Sciences.
1:58 AM I have come across the story of a man that two sporting communities should honour, and several other communities besides.
1:52 AM Racing results for Wednesday, April 23
1:40 AM Ultra-confident world champion Wladimir Klitschko has vowed to 'dominate and terminate' Alex Leapai in Oberhausen on Saturday as the Australian begins to round off preparations for his...
1:20 AM Australian cyclist Michael Rogers hopes to return to racing as soon as possible after the world body ruled that he would not be "sanctioned any further" for his positive reading of the...
The cost of running the 58 Joint Strike Fighters announced by the Abbott government will double the price tag for the cutting-edge planes to a towering $24 billion, it was revealed on Wednesday.
12:58 AM The cost of running the 58 Joint Strike Fighters announced by the Abbott government will double the price tag for the cutting-edge planes to a towering $24 billion, it was revealed on...
12:15 AM Australia is moving closer to a Cambodia solution as the Immigration Minister is pushing to expand his regional resettlement "club" despite poor social and economic conditions in the...
12:14 AM Graham Arnold is already the even-money favourite to take charge of Sydney FC next season after the club sacked Frank Farina on Wednesday afternoon.
23 Apr 14 Football has ever been thus, Nathan Buckley contends. Good games, bad games, ugly games, pretty games.
23 Apr 14 The relief on the face of Waratahs five-eighth Bernard Foley on Wednesday said it all when inside centre Kurtley Beale completed the side's final training session at home before...
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COMMENTS

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Multi origin grain was hardly an amazing success story for AWB in Brazil!!!! How about
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Wrong! Volume fluctuations are largely seasonal and are generally predictable. Unexpected drop
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No problems Wally buy up every wool growing property in the country and you can then control the
TIME is running out for cane toads living the good life in the Burdekin with the region’s annual Toad Day Out being held this weekend.03 Apr 14 TIME is running out for cane toads living the good life in the Burdekin with the region’s annual Toad Day Out being...
TABLELANDS resident Keith Gould will be awarded Barron Catchment Care’s prestigious ‘Helen Adams Memorial Award’ on March 18.13 Mar 14 TABLELANDS resident Keith Gould will be awarded Barron Catchment Care’s prestigious ‘Helen Adams Memorial Award’ on...