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Showing 1 - 10 of 44 results for "Fiscal Outlook"

RBA gives bleak economic outlook

ELIZA BAVIN | TUESDAY, 10 FEB 2026

... issue of increased government spending Chalmers did concede it has grown. According to the Mid-Year Economic and Fiscal Outlook documents, government expenditure will peak this year at 26.9% of the country's GDP. Chalmers said addressing persistent ...

RBA overlooked government spending in rate hike: Hearing

KARREN VERGARA | FRIDAY, 6 FEB 2026

... bottom of what exactly is driving excess demand that has led to inflationary pressures. Citing Mid-Year Economic and Fiscal Outlook (MYEFO) documents, government expenditure will peak this year at 26.9% of the country's GDP. "According to Treasury's ...

Increases coming for veterans' superannuation

ELIZA BAVIN | THURSDAY, 18 DEC 2025

... the Defence Force Superannuation Benefits program, Treasurer Jim Chalmers confirmed in the mid-year economic and fiscal outlook (MYEFO). Treasury said payments related to the Defence Force Superannuation Benefits program are expected to increase by $501 ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN | THURSDAY, 18 DEC 2025

... increase by $10.9 billion over forward estimates, Treasurer Jim Chalmers revealed in the mid-year economic and fiscal outlook (MYEFO). "Superannuation fund tax receipts have been revised up by $4.3 billion in 2025-26 and by $10.1 billion over the four ...

Trade war rattles pre-election economic outlook

KARREN VERGARA | TUESDAY, 8 APR 2025

... hostilities and risks to the economy are "more significant than expected" as it releases its Pre-election Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were announced on March 25, the PEFO report ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN | TUESDAY, 25 MAR 2025

... surpluses in nearly two decades and smaller deficits and 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 ...

Deficit to reach $26bn: Deloitte

KARREN VERGARA | MONDAY, 17 MAR 2025

... marks a $0.8 billion improvement from the projected $26.9 billion deficit in the 2024-25 mid-year economic and fiscal outlook (MYEFO), primarily driven by revenue upgrades. "However, starting in 2025-26, this trend is expected to reverse, with deficits ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN | WEDNESDAY, 18 DEC 2024

Treasurer Jim Chalmers has called his government's mid-year economic fiscal outlook (MYEFO) a "responsible set of books" despite major budget deficits likely to continue for a decade. The MYEFO forecasted a budget deficit of $26.9 billion for 2024-25 ...

Magellan warns of staggering sovereign debt

KARREN VERGARA | WEDNESDAY, 6 NOV 2024

... global public debt will surpass US$100 trillion by the end of 2024 and will approach 100% of GDP by 2030. "The fiscal outlook of many countries might be worse than expected for three reasons: large spending pressures, optimism bias of debt projections ...

Budget 2024: The Budget by numbers

ELIZA BAVIN | TUESDAY, 14 MAY 2024

... not expecting we could be back to the inflation target this year, not next." In the 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO) the government revealed a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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