Good morning. It’s Tuesday 11 May, which means one thing – budget day! So hold on tight as economic news will be dominating the headlines this week. We’ve also got plenty on the controversial India travel ban, which looks set to remain in place until 15 May, and more on the increasing conflict between Israel and the Palestinians.

The federal budget drops today, and will pump billions of dollars into the economy as the government attempts to cement Australia’s economic recovery after last year’s downturn. Aged care, infrastructure and childcare will be some of the major focuses – here’s what we know to expect so far. There will also be a raft of policies aimed at addressing housing affordability. But the Morrison government’s incentives to help people become homeowners may come to nothing without an increase in housing supply.