Ex-Cyclone Alfred has blown a $1.2 billion hole in the upcoming federal budget, according to Treasurer Jim Chalmers.

The Australian treasury expects costs from Tropical Cyclone Alfred to be about A$1.2 billion ($759 million), shaving off a quarter of a percentage point from its gross domestic product in the March ...

Politicians have been warned against "election sweeteners" as economists flag growing fiscal holes in Australia's budget.

Tropical Cyclone Alfred is expected to cost Australia about A$1.2 billion, impacting the GDP by reducing it by a quarter ...

Significant damage and power outages are possible in the densely populated region of Queensland, where tropical cyclones ...

Tropical Cyclone Alfred is expected to cross the southeast Queensland coast late this Thursday as a Category 2 storm. The ...

Tropical Cyclone Alfred has incurred estimated costs of A$1.2 billion, impacting Australia's GDP by 0.25% in Q1. It caused ...

Treasurer Jim Chalmers has revealed Ex-Tropical Cyclone Alfred is expected to cost the Queensland economy $1.2 billion and will add to inflation. Data shows 44,000 insurance claims have been lodged ...

Rio Tinto has donated $1 million to the Australian Red Cross, a non-profit community services charity, in a bid to help ...

Rio Tinto is donating $1 million to the Australian Red Cross, a Queensland Government-approved agency, to help communities ...

Tropical Cyclone Alfred, the seventh named storm in the Australian cyclone season, is expected to drive economic and insured ...

Jim Chalmers has warned that Cyclone Alfred will cost the budget at least $1.2bn, hit economic growth and put upward pressure ...