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Showing 1 - 10 of 25 results for "Budget balance"

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF). Australia's budget balance was -0.9% of GDP in 2023, surpassing ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... mid-year update." The persistent increase in iron ore prices also provides a positive underpinning to Australia's budget balance. Iron ore prices have risen by 7.4% to US$167.34/metric tonne this year to date adding to last year's 70.3% surge. ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... finance its fiscal deficit should China decide to stop iron ore imports. The Australian government's projected Budget balance is being boosted by the high price of iron ore - currently more than US$100 per tonne compared with the Budget estimate ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... and budget balances. The Economist estimates Australia's current account to be +0.1% of GDP this year and its budget balance also +0.1% of GDP. This compares with a current account deficit of 2.4% of GDP and a budget deficit of 4.6% of GDP for America. ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... 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 is expected to fall by approximately $20 billion in the same period ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
Grattan Institute has called Labor's plan to end refunds of excess franking credits a "fair way" to improve the Federal Budget but it is still "second-best" as there are better solutions. Grattan's budget policy director Danielle Wood and fellow ...

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... its means. Fill up your piggy bank: The Government says the underlying cash balance is expected to return to a budget balance in 2019-20 #Budget18 - Deloitte Australia (@FederalBudget) May 8, 2018 Deloitte, one of the big four accounting firms, says ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... price for its main export is hardly surprising. Never mind getting a good price for Aramco's IPO, it has to fix its budget balance which had been in deficit since 2014 as the price of oil collapsed. Certainly, the production cuts that started on the ...

State governments must divest energy networks: CEDA

DARREN SNYDER  |  WEDNESDAY, 15 JUN 2016
... economic infrastructure and our people." Earlier this year CEDA put forward five options for repairing the federal budget balance by 2018, two of which centred on superannuation taxes. The second report, launched in Melbourne yesterday, included speakers ...

Super flagged to repair Australia's budget

DARREN SNYDER  |  WEDNESDAY, 30 MAR 2016
... The Committee for Economic Development of Australia (CEDA) has put forward five options for repairing the federal budget balance by 2018, two of which centre around superannuation taxes. CEDA's first budget repair option includes a progressive super ...
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