Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 912 results for "Deficit"

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 ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
Treasurer Josh Frydenberg has announced the country's biggest ever peace-time budget deficit as the economic effects of COVID-19 are realised. Frydenberg and Minister for Finance, Senator Mathias Cormann revealed the economic toll while giving an economic ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... backslap one another due to social distancing restrictions. The July Economic and Fiscal Update (JEFU) now estimates a Budget deficit of A$85.8 billion (4.3% of GDP) in FY 2019/2020, projecting it to grow to A$184.5 billion (9.7% of GDP) this fiscal ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... this would mitigate a sharper contraction in the Australian economy but at the price of putting the budget deeper into deficit. A price, we, Australians all, will have to pay for - in terms of higher taxes and/or reduced government investment and spending ...

We cannot prevent the blow: PM

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... "The restoration of growth is also critical to our public finances." Morrison said the government expects it will post a deficit for the next three years as a result of both COVID-19 relief measures and the economic hit caused by lockdowns. "There will ...

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... Boosting household incomes could be achieved through government payments or tax relief (although this would add to the budget deficit), while governmental support for higher wages and an increase in the minimum wage could also help boost spending. "Longer ...

Is the worst yet to come?

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... around the incredible amount of money that has been pumped into the Australian economy which will result in a huge budget deficit. "A fair bit of my time is spent thinking about the idea of the penetration of central banks into asset markets," Doyle ...

Emerging markets weather varied COVID-19 storms

ALLY SELBY  |  THURSDAY, 7 MAY 2020
Although the COVID-19 pandemic has not discriminated in its destruction of both developed and emerging economies, Janus Henderson has warned investors to prepare for a dispersion of outcomes in the post-pandemic world. The more advanced emerging economies ...

COVID-19 will bite into credit ratings

BENJAMIN ONG  |  MONDAY, 27 APR 2020
Nothing focuses the mind as the choice between life and death. This choice has been thrust onto Planet Earth's population by the coronavirus pandemic. So much so, that men, women and children of the world are giving up - willingly or grudgingly ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
... Russia, the Middle East and Latin America. However, this benefits importers in Asia, especially India, whose current account deficit position could benefit from cheaper oil." During a coronavirus taskforce presser overnight, US President Donald Trump ...