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Showing 171 - 180 of 911 results for "Deficit"

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
... ASIC chair James Shipton rejects suggestions that historic inaction by the regulator contributed to the significant trust deficit present in Australia's financial services industry. Appearing before the House of Representatives Standing Committee on ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... since Trump has promised even more tariffs." Of course, he would. The better the US economy gets, the wider its trade deficit grows, the more aggressive Trump will be on tariffs that'll invite counter-aggression from its trading "partners". That's ...

Chief economist update: Wisdom of the crowd

BENJAMIN ONG  |  MONDAY, 21 MAY 2018
... (3.07%) at the close of last week's trading didn't help. The rationales came in fast and thick: increasing US budget deficit; reduced Fed purchases (on QE unwind); and, of course, Fed rate hikes. What's wrong with that? A strengthening US ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... Recent findings from AustralianSuper and Cbus suggest the changing nature of work will create a yearly superannuation deficit of about $23 billion by 2027. At present, it is estimated 2.3 million Australians are working jobs that either partially pay ...

Chief economist update: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... borrow money from the rest of the world) - when the surplus, equivalent to 1.7% of GDP in 2008 quickly flipped into a 2.1% deficit the following year due to the global financial crisis. The economic projections in the Budget Papers 2018-19 look rational ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... Federal Budget is on its way back to surplus - reaching the well-versed outcome in 2019-20. Squeezing down the current deficit is that between 2017-18 and 2021-22, government expenditure is projected to jump 17% or $77 billion from $459.9 billion to ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
... that government receipts rising 8.6% during 2017-18, compared to expenditure rising 4.7%, leaves Australia with an annual deficit of $18.2 billion and on its way to a modest $2.2 billion surplus by 2019-20. Squeezing down the deficit is that between ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... defensive, following superannuation reform initiated in the 2016-2017 Budget. "We do not endorse superannuation being used for deficit reduction to a greater extent than other industry segments or for untested superannuation policy announcements to be ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
What better to focus the minds of the Australian Prime Minister and Federal Treasurer than a general election coming to a theatre near us - no later than May next year. This time is not different. The government of the day is going out here, there and ...

Chief economist update: Talking trade tariffs

BENJAMIN ONG  |  FRIDAY, 4 MAY 2018
... could help temper tensions between the opposing sides. The US Bureau of Economic Analysis (BEA) reports that the US trade deficit narrowed to US$49 billion in March from US$57.7 billion in the previous month. The US deficit with China decreased by 11.6% ...