A government minister said the final budget outcome will shave A$6 billion off the deficit, while attention turns to a possible Reserve Bank interest rate move.
The Trump administration is seeking to withhold $810 million in already appropriated funds days before the fiscal year ends, prompting objections over the maneuver.
Russia's Finance Ministry projects a federal budget deficit of about 2% of GDP from 2027 to 2029 as defense financing remains a top spending priority.
According to Ars Technica, the National Institutes of Health plans to use part of its budget to pay for Department of Defense research that NIH leadership reportedly no longer wants to fund itself.