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Showing 51 - 60 of 911 results for "Deficit"

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 ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON | WEDNESDAY, 12 APR 2023

... home in the aged pension assets and residential aged care means tests. With Australia on course for 25 straight years of deficit, estimated to total about $50 billion a year by 2030 or 2% of GDP, Grattan Institute said the government must cut wasteful ...

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Super funds race to implement digital advice

VINNY VUCAGO

Australian superannuation funds are increasingly turning to digital advice tools to bridge the longstanding gap between members needs and access to affordable financial guidance, according to executives at wealth technology Bravura Solutions.

Musk's $106bn fundamental-defying IPO lands on Nasdaq

RIDDHIMA TALWANI

SpaceX has raised US$75 billion ($106.8bn) in the biggest-ever stock market debut, valuing Elon Musk's rocket and satellite company at US$1.77 trillion.

Quinbrook appoints Australian lead

VINNY VUCAGO

Energy transition infrastructure investor Quinbrook has appointed Tim Horneman as region leader for Australia, formalising his responsibility for the firm's local investment activities and business operations.

Former ASFA COO joins housing fund manager

MATTHEW WAI

The former chief operating officer of the Association of Superannuation Funds of Australia (ASFA) has joined C1 Capital Group as chief investment and operating officer.

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