Federal Budget

Federal budget shows 3.75pct jobless rate

Forecasts for the unemployment rate have been slashed in the federal budget to levels not seen since the early 1970s. Treasurer Josh Frydenberg will hand down his fourth budget on Tuesday predicting an unemployment rate falling to 3.75 per cent later this year, the lowest level since August 1974. That compared with a 4.25 per […]

What we know so far about federal budget

FEDERAL BUDGET – WHAT WE KNOW SO FAR: THE BIG PICTURE * With the COVID-19 pandemic, flooding and Ukraine-Russia war creating headwinds, Treasurer Josh Frydenberg is emphasising the theme “economic strength is the foundation of national security”. * Economists expect a budget deficit slightly better than the $98.9 billion estimated in the mid-year budget review […]

No great secret in balancing budget: PM

Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press)   Scott Morrison has reminded Australians of his economic credentials, saying he was the treasurer that brought the budget back into balance by increasing employment. “There is no great secret to this,” the prime minister told reporters in Sydney on Monday as part of what […]

Treasurer to lift growth in budget review

Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press)   Treasurer Josh Frydenberg says the government’s forecast for economic growth next year will be stronger then predicted in the May budget when he hands down his mid-year review later this month. The treasurer confirmed last week the mid-year economic and fiscal outlook will be […]

Mid-year budget review Dec 16: Treasurer

Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press)   Treasurer Josh Frydenberg has confirmed he will hand down the mid-year budget review on December 16. He said the mid-year economic and fiscal outlook will show the budget is tracking better than forecast in May. “In the May budget, we didn’t factor in the […]

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