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Economics

Company taxes feed $7.5 billion budget surplus: Costello

Australia's 2002/03 Budget surplus of $7.5 billion is largely due to better than expected company taxes, according to Treasurer Peter Costello.

International trade deficit narrows to $1.9 billion in August: ABS

Australian exports of goods and services rebounded by five per cent in August, helping to push the trade deficit back below $2.0 billion, the Australian Bureau of Statistics has reported.

New Zealand growth slows in second quarter, figures reveal

AAP  |  FRIDAY, 26 SEP 2003
New Zealand's economy grew at its slowest pace in 11 quarters in the three months to June 30, hit by a power supply crisis, the SARS virus and weak exports, according to data released today.

Trade balance to remain in wide deficit in Aug: economists

AAP  |  FRIDAY, 26 SEP 2003
Australia's trade deficit is expected to have remained wide in August as rising exports levels were nullified by rising imports.

State Treasurer urges Victorians to back the 'Pies' for better economic times

Victorian state treasurer John Brumby has said that an AFL grand final win for Collingwood would boost Victoria's employment and population growth.

Mobile phones industry worth more than $5 billion per year: Minister Alston

Communications Minister Richard Alston has said that the mobile phone industry has made a substantial and growing contribution to the Australian economy, with the industry gross product in 2002/03 of $5.16 billion.

Public sector employment rises 1% to 1,521,500: ABS

The number of total public sector employees increased by one per cent to 1,521,500 for the year to May 2003, the Australian Bureau of Statistics (ABS) said.