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Economics

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The Federal Budget was centered around cost-of-living relief, healthcare, tax cuts, boosting competition and productivity, and easing student debt - but it all comes at a cost.

Green technology, clean energy receive Budget boost

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Aligned with the Future Made in Australia agenda, the government is continuing to invest billions into green technologies and the energy transition.

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers has kicked off the 2025-26 Federal Budget by declaring that cost-of-living pressures are "front and centre," unveiling two surprise tax cuts for all Australian taxpayers.

Chalmers' warning on tariffs and trade wars

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The Treasurer made a point of mentioning the threat of tariffs and trade wars on the Australian economy when unveiling the Federal Budget tonight.

Government makes record commitment to Medicare

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Handing down the Federal Budget, Treasurer Jim Chalmers said the government is reducing all prescriptions available through the pharmaceutical benefits scheme (PBS), as well as investing a "record" $7.9 billion in Medicare to lift bulk billing rates.

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
From 2027, employers will no longer be able to impose non-compete clauses on employees earning less than $175,000. They will also not be able to exploit loopholes that block staff from joining competitors.

What to expect in the 2025 Federal Budget

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
Tonight, the Treasurer will deliver the Federal Budget, with expectations of a decade of deficits and ongoing cost-of-living relief.

RBA forecasting has been 'terrible': Yarra Capital Management

MATTHEW WAI  |  THURSDAY, 20 MAR 2025
Yarra Capital Management co-head of Australian fixed income Roy Keenan believes the RBA is "really behind the curve" when it comes to easing monetary policy, arguing that a delayed rate cut has little to no effect.

Skills gap crisis costing Australia $3.5bn a year

ELIZA BAVIN  |  WEDNESDAY, 19 MAR 2025
School-leaver job uncertainty and the widening skills gap is costing the Australian economy billions of dollars every year.

Tariffs not the only inflationary risk: Colchester

MATTHEW WAI  |  WEDNESDAY, 19 MAR 2025
Speaking at Financial Standard's Advisers Big Day Out (ABDO), Martyn Simpson, senior investment officer from Colchester Investments, discussed the potential impact of tariffs and some of the inflationary issues markets may yet face.