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Showing 41 - 50 of 66 results for "Budget Papers"

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
... by FY 2012-13 that would grow to 0.4% of GDP in FY 2015-16. All because many of the assumptions contained in the Budget Papers 2012-13 turned out overly optimistic (in hindsight) and some just plainly off the mark - such as: "Growth is expected to be ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... through the impact of technology, efficiency dividends and staff freezes. As for "good debt" versus "bad debt", the Budget papers report that about 89% of Australia's Budget is recurrent spending and only 11% is for capital investment. By 2021 this recurrent ...

Budget Eve

BENJAMIN ONG  |  MONDAY, 8 MAY 2017
... counting down) before us, Australians all, find out what the government has in store for us when it releases the Budget Papers 2017-18 at approximately 7.30pm (AEST) on Tuesday 9 May 2017. Some Budget measures have already been leaked - the Australian ...

MYEFO: Surplus of promises

BENJAMIN ONG  |  TUESDAY, 20 DEC 2016
... budget deficit beamed up by a cumulative A$10.3 billion over the next four years to FY2019/20. (The May 2016/17 Budget Papers had the deficit at A$84.6 bil over the next four years). The projected peak in net debt was also beamed up by a year from FY2017/18 ...

Defined benefit deficit at $182bn

ALEX DUNNIN  |  WEDNESDAY, 6 JUL 2016
... are accountable for 85% of all DB liabilities. Deeper analysis by Rainmaker of Commonwealth and State government budget papers further reveals that the full extent of government DB liabilities is underrepresented by APRA's figures. For example, while ...

Govt underestimates SMSF Budget impact: BGL

MARK SMITH  |  MONDAY, 16 MAY 2016
... SMSFs with 160,000 members, SMSF administration provider, BGL Corporate Solutions - many more than suggested in the budget papers. BGL is concerned the proposed $1.6 million pension cap will affect at least 15% of SMSFs (ie 85,000 SMSFs with 160,000 ...

Budget delivers blow to aged care

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
... over four years, in a move the government claims was the result of greater than expected growth in expenditure. The budget papers state that the efficiencies will be achieved through "changes to the scoring matrix of the Aged Care Funding Instrument ...

UK to introduce lifetime ISAs

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
... ensure they do not have to choose between saving for retirement and saving for their first home," notes the official budget papers. Lifetime ISAs will enable any adult under 40 to save up to £4,000 (A$8,000) each year which will be supplemented by a ...

Shadow Treasurer will go to election over super

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
... years," Bowen said. "The rate of growth dwarfs the increase in the scale of age pension costs. Joe Hockey's own budget papers show the cost of the concession doubling over just the next four years to more than $30 billion. "The same Budget papers show ...

Super concessions key to tax review

LAURA MILLAN  |  FRIDAY, 15 MAY 2015
... changes to superannuation tax concessions this term or during the next one if the Coalition is reelected. However, the budget papers showed that the cost of super tax concessions is expected to rise to more than $50 billion by 2018-2019, at a time when ...