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Showing 91 - 100 of 911 results for "Deficit"

NSW budget boosts TCorp loans

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... Generations Fund has been "locked away" and is expected to grow beyond $70 billion by 2030. "In 2019-20, NSW recorded a deficit of $6.9 billion. And for 2020-21 we forecast a deficit of $16 billion," he said. "This isn't just increased spending. Forecast ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
"All around the limbo world Gonna do the limbo rock..." - Chubby Checker, Limbo Rock Australian equities and bond markets applauded after the Reserve Bank of Australia (RBA) didn't disappoint expectations, showing just how low it can go. The All ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... the tax cuts and funding for business that were announced in the budget. "You'd expect that if we are going to see a deficit of that size there would be some overarching vision," Jones said. "There was no clear overarching strategy, no clear overarching ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
Australia's AAA rating will remain, but is hanging on by a thread following the government's budget announcement. Fitch ratings revised the country's rating from stable to negative on the fiscal impact of the COVID-19 shock. "The negative outlook reflects ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... multiplier effects of the Treasury's cash splash. This is underscored by the Budget estimates. While the underlying cash deficit would erode from 4.3% of GDP in the 2019/20 fiscal year to 11.0% this year, the government's largesse would enable ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...

Chief economist update: Escape from Victoria

BENJAMIN ONG  |  FRIDAY, 7 AUG 2020
... cost of the programme to A$102.2 billion this financial year. Needless to say, this will raise the country's budget deficit than that forecast by the Treasury in its July Economic and Fiscal Update (JEFU). JEFU estimates a Budget deficit of A$85.8 ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
... wipe $9 billion from the national economy and cost hundreds of thousands of jobs - not to mention an even bigger budget deficit. But just as Federal Treasurer Josh Frydenberg said: "The extent of the damage would depend on the effectiveness of the restrictions ...

Gold rally continues to hit new highs

ALLY SELBY  |  THURSDAY, 30 JUL 2020
Both AMP Capital's Shane Oliver and Saxo Capital Markets' Eleanor Creagh believe there is further upside for gold, as investors desperate for an inflationary hedge send prices soaring higher. Futures contracts for gold hit all-time highs on Monday ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
With the much-awaited final report expected to be handed down today, all eyes are on its findings. Here's what Rice Warner and Grattan Institute are expecting from it. A draft of the report was not circulated for stakeholder comment and the review ...