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Showing 1 - 10 of 43 results for "May Budget"

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... the mid-year update shows that deficits and debt are now lower in every year of the forward estimates compared to the May Budget and are significantly lower compared to what we inherited," Gallagher said. "This result builds on the fiscal discipline ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
While the Reserve Bank of Australia (RBA) is focused on cooling inflation, it's unlikely the May budget will look to boost the economy, Commonwealth Bank's Gareth Aird tells Financial Standard. Some were stumped this week after the RBA sent ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... Chalmers said the government is putting "finishing touches" on the budget which is due to be handed down next month. "The May budget will be defined in so many ways by the economic pressures that we're seeing from around the world, but which are ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... aged 65 and over have taken it up, perhaps as few as 5000 - one in every 800," they explained. "So, in this year's May budget the government announced two changes to make it more attractive. "One was a 'no negative equity guarantee'. Users ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... from superannuation funds but there is still a long wait for both, according to State Street Global Australia. In its May budget, the Federal Government said it would introduce a retirement income covenant requiring super fund trustees to offer Comprehensive ...

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
... [administration work stemming from super reform] although clearly the changes in low value superannuation accounts in the May budget is a negative for me," Colman said. He also thinks Link has a strong position in superannuation administration and they ...

Ho ho hum MYEFO

BENJAMIN ONG  |  TUESDAY, 19 DEC 2017
... difference is that this is the first time in years that the MYEFO budget aggregates forecasts were revised higher from the May Budget. Australian financial markets showed little, if at all, reaction to the MYEFO reveal. The Australian dollar rose by ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... to give up. The Turnbull government has long resisted a Royal Commission into the banks, instead announcing in the May budget a $6.2 billion bank tax, $1.1 million to Treasury to oversee the timely implementation of A More Accountable and Competitive ...

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... by banks lifting mortgage rates. These, along with additional restrictions on the property market announced in the 9 May Budget, point to further slowing in the property market going forward. Federal Treasurer Scott Morrison announced measures against ...
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