Economic Policies

Is this the future of Australia? Fat, flaccid, and foolish?

An expert said the scheme benefits wealthier homeowners, channelling taxpayers’ funds towards those who are already financially capable of upgrading.

Total interest payments will soar from $22.7 billion in the 2023-24 financial year to $35.6 billion in 2027-28.

A range of green energy initiatives will be funded followed the release of the official budget by Australian Treasurer Jim Chalmers.

The process to map the entire continent will take 35 years.

A boost to aged care workers’ salaries is among the $2.2 billion in announcements made for the sector in the 2024 federal budget.

The opposition, however, argues the budget ‘does nothing to help Australians get ahead and to restore their standard of living.’

This year’s Budget paves the way for an earlier election, should its assumptions prove accurate.

The Labor government is set to spend $215 billion more than it earns over the next five years.

About $6.2 billion will go into the initiative.

The quadrupled tariff aims to keep the excessive cheap Chinese EVs at bay and protect the U.S. auto industry.

While the figure is well below the $22.1 billion surplus in 2022-23, it marks the first back-to-back surplus in nearly two decades.

‘We need to deal with the debt and the deficits,’ Goldman Sachs CEO David Solomon said.

The government also wants to pay superannuation guarantee on paid parental leave to help parents who choose to have more children.

International students were an invaluable asset to the Australian economy, tertiary representatives argued.

The digital ID system will make cybersecurity ’simpler, safer, and more secure,' says Finance Minister Katy Gallagher.

Labor is set to bring new legislation that could cut international student numbers, with more than half a million foreign students on Australian soil.

The treasurer should have stayed the course. He needs to save every bit of money he can.

Mandating EV trucks in today’s market leads to even ‘more supply chain disruptions,’ said an industry expert.