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Showing 51 - 60 of 912 results for "Deficit"

GQ Multifamily platform boost BTR pipeline

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... chronic undersupply of quality housing for Australia's population means the sector is well-placed to service this growing deficit. "GQ is ready to deploy all capital at our disposal to deliver this stock to the market," he said. To achieve this, Qualitas ...

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

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... "Actually, this may be the critical issue that we as a country face a medium-term budget issue, but a structural budget deficit." Lowe continued: "So from my perspective, it would have been the wrong thing to do to use a temporary boost to national income ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... costs. Over a typical financial year, if member contributions don't cover all of Spirit Super's operational expenses, the deficit is balanced using its reserves. However, some of the expenses over the 2021-22 financial year, which was met using reserves ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... McCarthy had indicated was they would keep spending level, and this would therefore prevent too much additional budget deficit taking hold," he said. "So, there are issues with raising the debt ceiling continually. The US needs to get on top of its expenditure ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... relative to our expectations further supports the stable outlook." On a general government basis, Fitch forecasted the fiscal deficit to narrow to 1.2% of GDP in FY23, ending June 2023, from 3.8% in FY22. "The federal government is set to achieve its ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... single principal carers, whose youngest child is under 14 years of age. Chalmers boasted a small surplus but warned that a deficit in the short term is imminent. In the superannuation sector, Chalmers delivered no major surprises but flagged that the ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... before the year 2000 to see these debt interest rate payments being above the 1% GDP barrier. Australia's annual budget deficit position is even rosier. Australia's 2022-23 underlying cash surplus is an enviable 0.2% of GDP in the black. In the US, their ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... The federal government has delivered a small surplus of $4.2 billion for 2022-23, the first in 15 years, but structural deficit challenges continue to pose a threat to long-term fiscal stability. Treasurer Jim Chalmers touted the surplus and smaller ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
... down the budget on Tuesday, we won't be getting much in the way of new money injected into the economy, the budget deficit has been shrinking because the government's been collecting a little bit more money than they expected. I think they'll ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... director Asia Pacific Anne-Marie Gulde-Wolf said Australia should look to grow its consumption tax in order to restore the deficit. Chalmers dismissed the recommendation and, when questioned on his reasons said that from his point of view there are "distributional ...

Editor's Choice

Brighter Super launches lifetime income product in accumulation phase

ELIZA BAVIN  |   11:46AM
The $38 billion super fund has teamed up with TAL to offer members a lifetime income product while still in the accumulation phase.

FinCap beefs up treasury capabilities

MATTHEW WAI  |   10:53AM
FinCap has welcomed a new member to help scale the firm's private markets managed accounts offering.

smartMonday tweaks fees, MySuper structure

MATTHEW WAI  |   10:40AM
The super fund is transforming its MySuper LifeCycle structure by shrinking nine options into four distinct categories, while making changes to its investment and administration fees

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |   10:51AM
Former Berndale Capital Securities director Stavro D'Amore has been sentenced to almost four years' imprisonment after admitting to dishonestly misusing nearly $700,000 of company funds and authorising false statements to ASIC.

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Hugh Killen

Hugh Killen

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AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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