The Albanese government's budget includes giving money back to families for their energy bills, a cap on the price of prescriptions, and more help for struggling renters. Treasurer Jim Chalmers handed down the Budget on Tuesday night, boasting of a $9.3 billion surplus driven by a strong labour market and increased commodity prices TAX CUTS FOR AUSSIES Labor will reduce …
Next week's federal budget will once again collect more in tax than expected, raking in an extra $25 billion over the five-year budget forecasting period. The windfall is smaller than in the past six updates, prompting Treasurer Jim Chalmers to warn his third budget would be characterised by "intensifying, not easing" financial pressure to show fiscal restraint. He said this …
There's one phrase that's been getting a real work-out ever since Labor's election win in May. They point to the net debt figure, which takes the total debt then subtracts many of the government's financial assets — like cash it holds, deposits and loans it is owed. Heading into the global financial crisis in 2008, Australia's net debt was in …
The core objectives of the Reserve Bank of Australia — what it tells the public and who sits on its board — will be scrutinised in the first review of the central bank and its operations in decades. Key points: Federal Treasurer Jim Chalmers says the review is to ensure "we have the world's best and most-effective central bank" Board …
