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Showing 1 - 10 of 45 results for "Budget of"

No bubble risk in Sydney housing market: UBS

CHLOE WALKER  |  THURSDAY, 21 SEP 2023
... already been planted," it said. The study said in most world cities, buying a 60 square meter apartment exceeds the budget of the average annual income of a person in the skilled service sector. In Sydney, a skilled worker on the average income would ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... care facilities for frail aged people and NDIS service provision for people with a disability, the cost to the federal budget of that service provision would rise," the report said. "Formal care is more costly to the budget because carers are paid at ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... their Age Pension income. Those wishing to spend $1462 or $38,000 will need $258,000, while someone with a fortnightly budget of $1962 ($51,000) will need $743,000. For couples, a fortnightly spend of $1615 ($42,000) will require joint savings of $95,000. ...

Parliamentary committee hears KPMG assumed 'conflicting engagements knowingly'

ANDREW MCKEAN  |  MONDAY, 11 APR 2022
... impact of $5.3 billion. By contrast, NSW Treasury's assumptions indicated that there would be a positive impact on the budget of $4.7 billion. Lyon asserted that the NSW Treasury was dissatisfied with his work but, more concerningly, then displayed unprofessional ...

Key Budget measure won't help economy: Academic

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... people from all walks of life - including economists." In this scenario, the board of trustees would release a parallel budget of long-term projects on both a macroeconomic and microeconomic level. "This would ensure a long-term vision for federal spending ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...
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