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Showing 1 - 10 of 24 results for "Budget position"

Industry welcomes government's productivity push

RIDDHIMA TALWANI  |  WEDNESDAY, 13 MAY 2026
... maintaining a strong and competitive banking system." ABA also welcomed the projected improvements to the overall budget position through lower deficits and a more sustainable fiscal trajectory. "The government's broader productivity package aimed ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... surpluses in the first two years and a substantially lower deficit in the third year," MYEFO said. "This stronger budget position has been achieved by identifying an additional $20 billion in savings and reprioritisations, limiting spending growth and ...

Chalmers calls for solutions, not problems

ELIZA BAVIN  |  FRIDAY, 8 AUG 2025
... geopolitical risk and fragmentation. "Slow productivity growth would make it more difficult to maintain a sustainable budget position into the future."

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... lower debt compared to the 2022 Pre-election Economic and Fiscal Outlook (PEFO)," Budget documents said. "The Budget position is cumulatively $207 billion better than PEFO over the seven years to 2028-29. The deficit in 2024-25 is almost half what was ...

What to expect in the 2025 Federal Budget

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... this Budget but the whole set of four Budgets, is that we have helped engineer a $200 billion improvement in the Budget position over the years that we have been responsible for. That is the biggest ever nominal improvement in the Budget," Chalmers said ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... year, and then even with some slippage in subsequent years, [we have delivered] a $200 billion improvement in the budget position since we were elected, which means less debt for Australians to repay." The Treasurer reported that the deficit for this ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Stronger business and government investment, population growth and budget positions have seen Australia record its best international competitiveness ranking since 2011. The nation rose from 19th to 13th in the IMD World Competitiveness Yearbook 2024 ...

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF). Australia's budget balance was -0.9% of GDP in 2023, surpassing ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... downturn at some point in time, and we'll want the government to help out. And if you've got a strong underlying budget position, you're in a better position to help out," he said. Lowe added while there's still further work to be done in improving ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... over time, the strategy alluded to the fact that the focus will shift to achieving measured improvements in the budget position to stabilise and reduce gross debt as a share of the economy. The strategy said these objectives will be achieved by investments ...
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