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

Search Results

Showing 31 - 40 of 870 results for "Deficit"

Crestone warns on economic challenges

CHLOE WALKER  |  MONDAY, 23 MAY 2022
... factors that will contribute to keep inflation and interest rates at manageable levels. "With the budget forecast to be in deficit well into the 2030s, the likelihood of faster-than-expected interest rate rises, a slowing economy through 2023 and 2024 ...

Federal Budget delivers nothing on climate

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAR 2022
... night, delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise will be cut ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise will be cut ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... Hutchison served as chief executive of EISS Super since 2012, at which time the defined benefit sub-plan had a funding deficit. He said that deficit was erased under his leadership. He went on to say that during his time, the fund's members have ...

Generational wealth gap continues to widen

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... address intergenerational issues." He added that COVID-19 has sharpened focus on intergenerational issues, as a government deficit could be seen as something that younger generations need to pay back. Sonia Arakkal, co-founder of Think Forward, argued ...

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
... higher-than-expected tax receipts as well as lower-than-expected unemployment benefits." The government's underlying budget deficit might still be an eye-watering $161.0 billion (7.8% of GDP) this fiscal year but it's a lot less than ($52.7 billion ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... than just about any other country to meet economic challenges that lie ahead due to the ongoing pandemic. Australia's deficit will reach $161 billion this year before falling to $57 billion in 2024/25 ; $52.7 billion below what was forecast in last ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... financial year compared to -$213.7 billion at the 2020/21 budget. "With more Australians back at work, this year's deficit is $52.7 billion lower than was expected just over six months ago in last year's budget," Frydenberg said. The government ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
... economic growth as much as Canberra need Beijing for a stronger Australian recovery. And oh, a lower underlying budget deficit.

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... price of its major commodity export contribute to its growth renaissance, it'll also reduce Australia's budget deficit. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in December 2020, the Treasury forecast that iron ore prices ...