Federal Budget Alert

Federal budget 2022/23 at a glance

THE FEDERAL BUDGET AT A GLANCE KEY FORECASTS * Budget deficit of $78 billion in 2022/23 * Commonwealth net debt to rise to $714.9 billion (31.1 per cent of GDP) in 2022/23 * Economic growth to rise by 3.5 per cent in 2022/23 * Unemployment rate of 3.75 per cent in 2022/23 * Inflation as […]

Treasury 2022/23 budget deficit forecasts

FEDERAL BUDGET FORECASTS The federal government’s budget black hole will persist for the foreseeable future, but there will be notable improvements from the new financial year. By the end of 2025/26 the budget will be $103.6 billion better off, compared to the most recent estimates. This assumes the deficit peaked in the 2021/22 financial year […]

Fuel excise halved to ease bowser pain

RELIEF AT THE BOWSER The fuel excise will be slashed by 50 per cent for six months to ease cost of living pressures for motorists. From Wednesday, the 44.2 cents per litre fuel tax will drop to 22.1 cents, with the savings expected to flow to bowsers in the next two weeks. The Morrison government […]

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