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

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... completely unfunded or only partly funded requiring payments to beneficiaries on a pay-as-you-go basis from the Commonwealth budget," Burshtein said. "This imposed the cost of financing liabilities accrued in the past onto taxpayers of the day." Future ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... governments," he said. "And so, it wouldn't be an opportunity necessarily, at least not directly, to repair the Commonwealth budget and our priorities lie elsewhere." Chalmers explained a "modest" but "meaningful" change to superannuation tax breaks ...

Chief economist update: More from Morrison

BENJAMIN ONG  |  TUESDAY, 21 JAN 2020
... under fire for cutting funding to disaster response agencies. This has not been confirmed by examining the Commonwealth budget papers, but while looking for it, The Fifth Estate did note that the 2019-2020 budget reduced funding to National Parks, the ...

Chief economist update: Missing the burning forests for the surplus tree

BENJAMIN ONG  |  TUESDAY, 7 JAN 2020
... under fire for cutting funding to disaster response agencies. This has not been confirmed by examining the Commonwealth budget papers, but while looking for it, The Fifth Estate did note that the 2019-2020 budget reduced funding to National Parks, the ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... Benefit or the Disability Support Pension - all of which are amongst the top ten spending programs in the Commonwealth budget." As Australia's largest generational cohort retires, the workforce will shrink. This slowing of labour force growth will reduce ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
Australian Commonwealth Budget receipts are climbing at their fastest rate in 18 years and outlays are climbing at their fastest rate in five years. Yet, Federal Treasurer Josh Frydenberg has been able to declare Australia's first Budget surplus ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... Productivity Commission and Hayne Royal Commission reports in the lead up to, and as part of the earlier than usual Commonwealth Budget on April 2." There's the possibility that not all of the recommendations from either report will be adopted. There ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
Treasurer Scott Morrison, in his third Commonwealth Budget reports that government receipts rising 8.6% during 2017-18, compared to expenditure rising 4.7%, leaves Australia with an annual deficit of $18.2 billion and on its way to a modest $2.2 billion ...

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
... billion in indexed Treasury bonds and $3 billion in Treasury notes. According to the just-released 2017-18 Commonwealth Budget, this amount is projected to increase $116 billion by 2021 to $606 billion despite the government's expectations that the Budget ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... $79 billion, and the GST and other indirect taxes expanding $32 billion each - confirming how Australia's commonwealth budget is paid for overwhelmingly by wage earners and consumers not the corporate sector. But offsetting this is a $70 billion infrastructure ...
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Editor's Choice

Ausfood Super appoints chief executive

ELIZABETH FRY
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.

Aussie shares cost 8% more on rebalance days: Dimensional

KARREN VERGARA
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.

Rest appoints first-ever chief of staff

ANDREW MCKEAN
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.

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