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Showing 1 - 10 of 20 results for "Budget Office"

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
The Secretary of the Department of Finance will make history as the first woman to lead Treasury, commencing June 16. Jenny Wilkinson will replace Steven Kennedy, who is taking on a new role of Secretary of the Department of the Prime Minister and Cabinet. ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... focused on 38-year-olds and assumed that 20% of renters would purchase a home under the scheme. The Parliamentary Budget Office (PBO) estimated that the proposal could decrease the cost of the CRA by $35.4 million over the 2023-24 Budget forward estimates ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... healthcare costs will raise spending on the elderly absent fiscal policy reforms," Fitch said. Of note, the Congressional Budget Office (CBO) forecasts that interest costs will double by 2033 to 3.6% of GDP. It also estimates a rise in mandatory spending ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... roaring 2020's, it's also sparking concern over inflation and soaring US debt - according to the Congressional Budget Office (CBO), America's public debt soared from US$9 trillion to US$21 trillion between 2010 and 2020. So much so that benchmark ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... paid for compulsory super via lower take-home wages. That's the view of the Henry Tax Review and the Parliamentary Budget Office." It is also the position held by Paul Keating, Bill Shorten and the Fair Work Commission in 2013. The Australian Institute ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
The ageing population is a fiscal time bomb, according to a new report released by the Budget Office. The report found that by 2028-29 the ageing population is expected to reduce the budget balance by $36 billion, based on current projections. Revenue ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... potential - the economy's maximum sustainable output - thereby raising inflationary pressures. The US Congressional Budget Office's (CBO) latest estimate of US potential output growth is 1.8%. Then again, US real GDP growth had been running above this ...

Parliament goes to war on super

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
... $200,000 and over on their super balance will pay 30% tax on contributions, rather than 15%. He said Parliamentary Budget Office costings show this will return $738 million in additional revenue over the forward estimates and affect about 290,000 Australians. ...

Super lifetime cap could increase budget costs: Budget Office

LAURA MILLAN  |  MONDAY, 23 NOV 2015
... superannuation contributions could actually end up costing more money to the budget, a report by the Parliamentary Budget Office (PBO) commissioned by the Greens found. The Greens commissioned the report in light of the growing number of voices advocating ...
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