economy
More cost of living relief on cards in federal budget
24 April
Cost of living help in addition to well-signposted tax relief remains on the cards if the federal government can find room for it in the upcoming budget. Treasurer Jim Chalmers says the tax relief, due to kick in midway through this year, will be...[Read More]
Australia to dodge United Statesā inflation uptick
17 April
Australia is yet to declare victory against inflation and hotter-than-expected price data out of the worldās biggest economy and fresh volatility in oil markets are casting shadows over the outlook. AMP deputy chief economist Diana Mousina says...[Read More]
Budget surplus āstill our goalā despite war, inflation
17 April
Australians have been warned the budget surplus could be tiny amid cost-of-living pressures and heightened global economic uncertainty with war in Europe and conflict in the Middle East. A month out from the federal budget, Treasurer Jim Chalmers...[Read More]
Savings found to cover billions in new federal spending
13 December
Almost $10 billion in savings and spending changes have been clawed back as part of the mid-year federal budget review. The savings and reprioritisations include billions slashed from the federal infrastructure pipeline last month, the finance...[Read More]
Mid-year budget review examines challenges for economy
13 December
KEY CHALLENGES FOR AUSTRALIAāS ECONOMY * Economic growth is expected to moderate to 1.75 per cent in 2023/24 before recovering to 2.25 per cent in 2024/25 * Household budgets remain under pressure from elevated but moderating inflation and higher...[Read More]
Major projects funding to be slashed by billions
13 December
Spending on road and rail projects is expected to be adjusted by $7.4 billion over four years under a re-profiling by the Albanese government. The mid-year budget update, released on Wednesday by Treasurer Jim Chalmers, reveals reforms to the...[Read More]
Financial boost on the way for working pensioners
18 October
Seniors will soon be able to earn more money without their fortnightly age pension being affected. Laws introduced to federal parliament on Wednesday will give a $4000 boost to those on the pension who are also doing some paid work. Under the...[Read More]
Welcome progress on inflation as rate hikes take effect
30 August
The pace of inflation has slowed more than expected, suggesting the Reserve Bankās rapid-fire interest rate hikes are working. The Australian Bureau of Statistics reported a healthy moderation in its monthly consumer price index to 4.9 per cent in...[Read More]
Few plan to spend tax returns as economy stalls
12 July
Just one in 20 Australians plan to splurge on big-ticket items when their tax returns come through, with most opting to squirrel them away or pay down debt. Amid acute cost of living pressures and a string of interest rate rises, surveying by...[Read More]
Australia not expected to enter recession.
5 July
Acting Treasurer Katy Gallagher has called on the states and territories to better āphaseā their massive infrastructure projects, but stopped short of labelling them inflationary. Senator Gallagher said the federal government was working with...[Read More]