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Showing 141 - 150 of 911 results for "Deficit"

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... not saving for their retirement. This represents a $4 billion hole in annual super savings and a potential $145 billion deficit across their working life. Mercer Australia industry fund and public sector leader Jo-Anne Bloch said the report highlighted ...

New wellbeing venture for BT

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... extended from 16 to 18. Meanwhile, the cancer definition has been updated and a single episode of confirmed neurological deficit will now allow clients to claim under the multiple sclerosis condition. In addition, BT said it is reducing premium rates ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... night. Well, technically we all will have to wait until next fiscal year for the underlying cash balance to turn from a deficit of A$4.2 billion (-0.2% of GDP) this year to a surplus of A$7.1 billion (+0.4% of GDP) in FY 2019/20 before rising to 0.5% ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
Australian Commonwealth Budget receipts are climbing at their fastest rate in 18 years and outlays are climbing at their fastest rate in five years. Yet, Federal Treasurer Josh Frydenberg has been able to declare Australia's first Budget surplus ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... is in a much stronger position than it was six years ago when the Liberal Party took power and inherited a $55 billion deficit - and while there are challenges - higher taxes are not the solution, he said. In fact, more than 10 million tax payers will ...

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... expansionary territory." The last time I looked the goings-on in China in early March this year, FactSet said: "Budget deficit target raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top bracket ...

UK pension funds to be hit hard over negligence

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
The UK Government wants to up the ante on pension fund bosses who endanger worker's retirement savings. Under a new proposal from the UK Government, bosses would face up to seven years in jail for endangering the retirement savings of their workers ...

Chief economist update: A capitalist in communist clothes

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2019
... statement, China announced more measures to stem its slowing economy. My compliments to Factset for this synopsis: "Budget deficit target raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top ...

Trust deficit boosts Australian Ethical membership, FUM

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
The demand for sustainable and ethical products has helped boost Australian Ethical's inflows and superannuation fund membership in the six months to December 2018. The fund manager and superannuation provider recorded positive net flows of $147.8 ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... spending (up by 1.9% in the fourth quarter), it also had a negative impact on the UK's external trade account - the trade deficit more than doubled to £7.097 billion last year from £3.225 billion in Q4 2017. "The greater effects from Brexit uncertainties ...