Radio National Breakfast

Back to the federal budget now, and what it has to say about the government's priorities on the global stage.

Foreign aid is being maintained – but with some cuts to multilateral organisations like the United Nations.

Meanwhile the Government announced last month that an extra 53-billion dollars will go towards Australia's defence capabilities over the next decade, with defence spending climbing to 3% of GDP by 2033 - using NATO measurements.

So, what are the geopolitical ramifications? 

• GUEST: Jane Hardy, former Australian diplomat with more than 30 years’ experience in the foreign service
• PRODUCER: Pip Cook

The Coalition is vowing to do all it can to stop the government's property tax reforms, ahead of Opposition Leader Angus Taylor's budget reply speech this evening.

As part of the federal budget, Treasurer Jim Chalmers unveiled a plan to restrict negative gearing and amend the capital gains tax discount, to make it easier for younger Australians to own their own home. 

• GUEST: Clare O'Neil, Minister for Housing 
• PRODUCER: Isadora Bogle 

The Coalition is vowing to do all it can to stop the government's property tax reforms, ahead of Opposition Leader Angus Taylor's budget reply speech this evening.

• GUEST: Andrew Bragg, Shadow Minister for Housing and Homelessness 
• PRODUCER: Isadora Bogle 

As part of the federal budget, Treasurer Jim Chalmers unveiled a plan to restrict negative gearing and amend the capital gains tax discount, to make it easier for younger Australians to own their own home. 

However, the Greens wanted to see "far stronger action" on these tax changes. 

• GUEST: Nick McKim, Greens Economic Justice spokesperson
• PRODUCER: Isadora Bogle

Chaos has erupted at the Philippine Senate after gunshots were fired in the building where a senator wanted by the International Criminal Court is taking refuge. 

The changes to negative gearing and the capital gains tax are an attempt by the Federal Government to make it easier for people to get their start in the property market.

The government expects the changes will move 75-thousand properties from the hands of investors to home owners and slow house price growth.  

• Guest: Jacob Caine, President Real Estate Institute of Australia
• Producer: Grace Stranger

Intergenerational fairness is a key focus of Labor's budget this week - with changes to tax concessions aimed at helping young people get a foot in the door of the property market.

But it's not just young people who are struggling with the housing crisis - older women have been recognised as the fastest-growing group of people experiencing homelessness in Australia in recent years. 

• GUEST: Beverly Baker, CEO Older Women’s Network Australia 
• PRODUCER: Eddy Diamond 

Russia's full-scale war in Ukraine has now been raging for more than four years - and the mental health toll on Ukrainians has been immense.

Today, a group of seven Ukrainian mental health specialists are visiting Canberra as part of a broader Australian visit - learning how to improve trauma support and rehabilitation for war veterans.

• GUEST: Dr Antonina Pushko is the Head of the General Psychiatric Department at a mental health centre in Western Ukraine's Ivano-Frankivsk 
• PRODUCER: Brooke Young

US President Donald Trump will meet his Chinese counterpart Xi Jinping in Beijing today.

It's been almost a decade since Donald Trump last visited China, with Taiwan, Trade and Tehran expected to be high on the agenda

So what's at stake, and what do the two leaders want to walk away with?

• GUEST: Jonathan Czin, fellow at the John L. Thornton China Center at the Brookings Institution and former China expert in the CIA and China director at the National Security Council
• PRODUCER: Pip Cook

Former Labor Opposition leader Bill Shorten says he's vindicated by negative gearing changes introduced by the Treasurer in last night's budget.

Mr Shorten attempted to bring in similar tax reforms in the 2019 election campaign that he ultimately lost to Scott Morrison.

Mr Shorten shares his views first with Radio National Breakfast. 

Then, we get the latest analysis on the budget from Tom Crowley, and hear from the Treasurer and Shadow Treasurer.

Recap the morning's news, politics and global affairs with the Breakfast Wrap.