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Showing 41 - 50 of 108 results for "Receipts"

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... and 2021-22, government expenditure is projected to jump 17% or $77 billion from $459.9 billion to $537.3 billion while receipts are projected to jump $109 billion or by 24%. Expenditure is thus projected to grow slower than the expected 19% increase ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
Treasurer Scott Morrison, in his third Commonwealth Budget reports 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 ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... Canberra will give back some of the wealth to we, the people. According to the The Guardian, Scott Morrison "noted that tax receipts until February were running $4.8 billion higher than forecast by the Treasury last December, including a $1.2bn boost ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
... A$6.5 billion to nominal GDP in FY2018-19 and A$14.1 billion over the next fiscal year - times three. Similarly, tax receipts would increase by A$1.3 billion and A$4.2 billion, respectively. Still, it's by no means assured that iron ore prices will remain ...

Peak iron ore?

BENJAMIN ONG  |  WEDNESDAY, 20 SEP 2017
... Federal Treasury that showed "every $US10 a tonne change in the price results in $A1.4 billion increase or decrease in tax receipts, and $A6 billion change in nominal GDP... For 2017/18, the impact will be greater, with every $US10 a tonne change impacting ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
... Federal Treasury noting that, "every $US10 a tonne change in the price results in $A1.4 billion increase or decrease in tax receipts, and $A6 billion change in nominal GDP... For 2017/18, the impact will be greater, with every $US10 a tonne change impacting ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
... forecasts especially as it's counting on growth to lead to a wages boom that it hopes will drive up personal taxation receipts and help the nation reduce its annual deficit and in time enable the country to start paying down on its ballooning government ...

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
... billion in 2017-18 to a projected surplus of $7.4 billion in 2020-21." This will be achieved through expected higher tax receipts - "as a result of policy decisions including increasing the Medicare levy, introducing a major bank levy, improving the ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
Treasurer Scott Morrison's expansionary second budget, bankrolled by government receipts rising more than 6% per annum compared to expenditure rising by 4% per annum, sets Australia on the road towards a surplus by 2020 but one supported by record Commonwealth ...

MYEFO: Surplus of promises

BENJAMIN ONG  |  TUESDAY, 20 DEC 2016
... forward estimates. Average real growth in payments over the forward estimates is expected to be 1.9% per cent. "Government receipts, although growing, are expected to be affected by softer domestic prices and wages growth. Expected tax receipts, excluding ...