Surging Immigration Will Reduce Deficits by $1 Trillion New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget. Reason · Feb 8, 2024
Bank of Canada Concerned Federal Budget May Hinder Inflation Fight The Bank of Canada warns that the federal budget in Canada may pose challenges to the fight against inflation, highlighting potential issues and risks. Top News · Feb 1, 2024
Cars will need to be twice as green to avoid luxury tax High-end vehicles will need to become more fuel-efficient to avoid a 33 per cent tax under changes in a federal budget update. AAP · Dec 13, 2023
Clean energy superpower status remains work in progress The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress. AAP · Dec 13, 2023
Budget update forecasts deficit of $1.1 billion this financial year The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning. The Conversation · Dec 12, 2023
Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices The Guardian - AU · Dec 12, 2023
Stubbornly high inflation will eat into real wage gains The federal budget is looking healthy thanks to a surprise revenue boost but inflation is proving persistent and is continuing to hurt household finances. AAP · Dec 12, 2023
'We're under pressure too', Chalmers tells treasurers State and federal treasurers are yet to reach an agreement on the GST no worse off guarantee but talks are set to continue at national cabinet next week. AAP · Nov 30, 2023
Albanese defends inflation-busting plan amid blowback The federal government has backed its inflation-fighting policies as the opposition says Labor's perception of price pressures is at odds with the Reserve Bank. AAP · Nov 22, 2023
IBM pulls ads from X over placement next to pro-Nazi content Tech giant IBM has pulled its ads from X after they were run alongside pro-Nazi posts. The news comes after Elon Musk endorsed an anti-Semitic post on the platform. Meanwhile, the largest semiconductor equipment maker in the US, Applied Materials, is under criminal investigation for potentially evading export restrictions on… France 24 · Nov 17, 2023
As yet another deadline looms, a divided US House stumbles closer to a federal shutdown: 5 essential reads Once again, federal budget negotiations are down to the last minute, and once again, GOP hardliners are in the middle of what might turn into a gridlock. The Conversation · Nov 13, 2023
Interest on U.S. Government Debt Continues to Soar According to Bloomberg analysis, estimated annualized interest payments on U.S. government debt climbed past $1 trillion at the end of October. That amount has doubled in the past 19 months and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The increasing debt load may pressure... Barchart · Nov 7, 2023
How the Federal Budget Deficit Doubled in a Single Year It's not the first time that has happened, but there are key differences about what happened this year. Reason · Sep 20, 2023
Balanced-budget plan unveiled by House Republicans - Roll Call House Republicans released a long-delayed budget blueprint Tuesday that promises to bring the federal budget into balance over a decade. Roll Call · Sep 19, 2023
Reason · Jul 26, 2023 Under Multiple Budget Scenarios, the Government's Numbers Still Don't Add Up Balanced federal budgets aren’t even considered as a possibility.
Reason · Jul 19, 2023 Why Did Joe Biden Stop Talking About the Deficit? The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
Tribune News Service · Jun 15, 2023 Conservatives’ budget plan renews battle over seniors’ benefits WASHINGTON — The largest bloc of House conservatives offered up a fiscal blueprint Wednesday that promises to balance the federal budget in seven years, make GOP tax cuts permanent and slash domestic spending.
The Conversation · May 25, 2023 Politics with Michelle Grattan: Labor's Julian Hill on employment, AI, Julian Assange and TikTok The federal budget gave a much-needed, but very modest, increase to those on JobSeeker and associated payments. However, it didn’t address that other important issue of the unemployed: how to help as many JobSeekers as possible to get into work, whether full- or part-time.
The New Daily · May 22, 2023 Electricity bills expected to surge despite budget tipping modest rise Power bills in at least three states will rise by more than double the amount estimated in the federal budget.
The Conversation · May 16, 2023 Just 1 in 5 employees in the space industry are women. This lack of diversity is holding us back This week, the Australian Space Summit is celebrating some of our nation’s strengths and achievements in the space sector. But it’s taking place under the shadow of significant cuts to space technology investment announced in last week’s federal budget.
The New Daily · May 16, 2023 Consumer confidence sinks following rate hike, budget Consumers remain down in the dumps after the 2023/24 federal budget failed to meet the expectations of those under financial stress.
The Conversation · May 15, 2023 Government plans to use NDIS purchasing power to help save billions – but they shouldn't put products before people Last week’s federal budget included a A$732.9 million investment to get the National Disability Insurance Scheme (NDIS) “back on track”. In the next four years, there are also plans for a $15.3 billion reduction in NDIS costs.
The New Daily · May 15, 2023 Budget 2023: New funding for workplaces, training and silicosis prevention The 2023 federal budget contained a plethora of new spending aimed at improving workforce shortages across the nation.
ABC News · May 14, 2023 Toowoomba carer in housing stress faces uncertain future despite federal budget welfare boost Toowoomba's Petrina Haworth is finding it impossible secure a new rental home for herself and her 25-year-old daughter, who requires care, to the point she has filled a notebook with her list of rental inspections.
ABC News · May 12, 2023 GPs, bulk-billing and MyMedicare: The budget measures that may change how you see a doctor Tuesday's federal budget included a $5.7 billion boost for general practice, but that's not all the budget had in store for primary health care. Let's take a look at everything that's been announced and what it could mean for you and your health.