Focus
Jim Chalmers
Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
Economists caution against perpetual debt and stagnation for future generations without bold fiscal and economic reforms.
Australia’s Deficit to Be $22 Billion Worse Off Than Originally Predicted
Expected growth figures were also revised downwards.
Government Announces Over $14 Billion of Savings in the Budget
Changes to aged care and the NDIS are ’the biggest structural savings to the budget seen in the past decade,' said Katy Gallagher.
The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
China’s Faltering Economy Hits Australia’s Bottom Line
China’s imports have fallen 3.9 percent in defiance of analysts’ predictions. That’s going to impact Australia’s company tax receipts and the entire budget.
Treasurer Says Australians Under ‘Substantial Pressure’ as Economy Underperforms
Australia’s economic growth has been sluggish for several quarters now.
Australian Economy Grows Slightly, Falls Short of Expectations
On an annual basis, the economy grew by 0.8 percent, down from 1 percent in June, and below the expected 1.1 percent growth.
$60 Billion Budget Gap: The Lucky Country’s Luck Is About to Run Out, Says Economist
The Labor government has wasted opportunities, which will result in a budget shortfall $20 billion worse than Treasury predictions, Chris Richardson warns.
RBA Reforms Pass: Interest Rate and Corporate Governance Boards Split
The move comes after the Greens secured key concessions from the Labor government.
Reserve Bank Cautiously Optimistic About Inflation Drop
RBA holds cash rate steady as tight labour market delays inflation’s return to target, projecting stability by 2026.
Australia’s Inflation Rate Continues Steady Decline at 2.1 Percent
ABS data says this is the lowest annual inflation since July 2021.
Australian Senate Votes to Embed Global Minimum Tax Standard Into Law
Government passed a 15 percent global and domestic minimum tax for multinational corporations, effective from Jan. 1, 2024.
Budget to Slump Nearly $50 Billion, Deloitte Predicts
Australia’s federal budget will go from a budget surplus achieved in 2023/24 to a bigger than expected deficit.
Australian Government Unveils Tax Incentives for Hydrogen and Critical Minerals
The bill offers a $2 tax credit for every kilogram of hydrogen produced.
Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift
The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.
Australia’s Sovereign Wealth Fund Instructed to Target Housing, Climate Change
The Future Fund is now worth $230 billion and was created to ease the government’s reliance on taxpayers.
‘Give Retirees Peace of Mind’: Reforms Unveiled Aimed at Improving Super Performance
The treasurer is moving the changes as more Australians prepare to retire and draw from their super accounts.
Labor to Mandate Cash Option for Buying Essentials
The opposition has called for clarity regarding what ‘essential’ items will come under the proposed law.
Treasurer Hopes to Lift Australia’s Productivity With $900 Million Fund
In an attempt to tackle low productivity growth, Jim Chalmers is offering up to $900 million to states and territories to help them improve.
Australia Risks Capital Flight as US Prepares for 15 Percent Corporate Tax Cut
The move is part of a broader package to revive U.S. competitiveness and has political leaders around the world watching closely.
