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Showing 51 - 60 of 239 results for "Welfare"

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... countries. We are considering the implications of this as we work through our own options." For sure, fiscal -- tax cuts; welfare spending programmes, etc. - and monetary support - lower interest rates have increased household incomes but recent data ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... economy. For sure and for certain, this massive spending will need to be recouped - through higher taxes or reduced social welfare spending or both -- in the long run. But to quote John Maynard Keynes - he who prescribed to the world exactly what governments ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... As the Budget 2020-21 papers reveal, the government would need less deficit spending - tax cuts, business incentives, welfare expenditure - in the coming years as this year's budget reverses a predicted economic contraction of 1.5% this year to an ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 18 SEP 2020
... employed than getting government handouts that, in time, we would have to pay for anyway in terms of higher taxes and less welfare spending, or both? Increasing employment, less strain on the budget... Australians all let us rejoice!

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... household income actually rose 2.5%," Miller said. "This reflects a significant 42% increase in social assistance benefits (welfare payments) and 22% increase in gross mixed income (boosted by JobKeeper), while compensation of employees (wages) only ...

ACSRF, NGS Super explore merger

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... membership is about 90,000 members and 15,000 employers. Its members work in Catholic education, healthcare, aged care and welfare. So far this year, First State Super has announced a merger with WA Super (expected around November 30) and merged with ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
... with them, rising unemployment, reduced business and income tax revenues for the state of Victoria coupled with increased welfare and health spending and ultimately, weaker economic activity that would surely drag the rest of Australia down. Recent reports ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... financial markets on reasonable terms. "They argue that under these particular circumstances, central bank financing may be welfare enhancing, provided that there are strong safeguards to avoid the inflation problem," Lowe said. "The main safeguard proposed ...

Chief economist update: Victoria's Cinderella moment

BENJAMIN ONG  |  MONDAY, 22 JUN 2020
... for certain, the Victorian government - and other Australian state governments; and other world governments - have the welfare of their respective economies and constituents in mind. Much more than central banks trying to strike a balance between unemployment ...