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Federal budget 2016: more public service cuts loom

Edit Sydney Morning Herald 26 Apr 2016
The Turnbull government is planning deeper cuts to the Australian Public Service to fund one of its key budget tax measures, according to reports on Wednesday morning ... The move would be a reverse of the pledge in last year's budget to return the efficiency dividend, a percentage of annual budgets departments are expected to save each year, to the "base rate" of 1 per cent from 2017-2018....

NFF outlines budget priorities (National Farmers' Federation of Australia)

Edit Public Technologies 26 Apr 2016
National Farmers' Federation of Australia) ... The upcoming 2016-2017 Federal Budget must seek to deliver the Agricultural Competitiveness White Paper in full and commit to a range of longer-term bipartisan measures, so as to allow the Australian rural sector to perform to its full ability on the global market stage ... http.//www.nff.org.au/read/5261/nff-outlines-budget-priorities.html....

BUDGET TO PROVIDE BREATHING SPACE FOR AAA CREDIT RATING (IPA - Institute of Public Accountants)

Edit Public Technologies 26 Apr 2016
Whatever policy measures come out of next week's Federal Budget, they should be aimed at giving some respite to combat the threat to Australia's AAA credit rating, by reducing the size of future budget deficits according to the Institute of Public Accountants (IPA) ... By keeping the budget deficits at bay, we keep the wolf from knocking on our door....

Scott Morrison says claims negative gearing benefits the rich are 'a complete and utter myth'

Edit Sydney Morning Herald 26 Apr 2016
It also found that negative gearing and the CGT discount distorted the housing market and cost the budget $11 billion a year ... It came as reports indicated the country's highest earners will pay less tax following next week's federal budget, with the government set to grant them two separate tax cuts ... aid budget repair, and is now due to lapse....

PA Primary 2016: John Kasich comes all the way home to McKees Rocks, talks 'alliance'

Edit Penn Live 26 Apr 2016
MCKEES ROCKS, Pa ... It only took three questions in Kasich's town hall meeting at Montour High School for his complicated path to the nomination to come up ...     ... He also said the federal government needs to stop giving more money to colleges because, he said, they raise their costs of attendance when it does ... He emphasized the balanced federal budgets and surplus he oversaw as Chairman of the House Budget Committee ... ....

Can Cruz-Kasich strategy really stop Trump?

Edit CNN 26 Apr 2016
(CNN)The gloves are off ... Trump's response was fast and "on brand." In a tweet he wrote that it was desperation for the two to "collude in order to keep me from getting the Republican nomination." ... DESPERATION!— Donald J ... Read More ... Kasich was chairman of the House Budget Committee at the time and disputed Clinton's position on the budget ... They were soon engaged in bruising battles with President Bill Clinton over the federal budget ... ....

"Black hole" in Reef repair funding must be addressed in Federal Budget (WWF-Australia)

Edit Public Technologies 25 Apr 2016
But the annual budget figures in the report show a $100 million 'black hole' in Federal funding with only $198.8 million allocated over the five-year period ... 'State and federal governments both need to honour the promises they have made to protect the Reef and allocate funds in upcoming Budgets,' Mr Hoobin said ... http.//www.wwf.org.au/news_resources/?16320/Black-hole-in-Reef-repair-funding-must-be-addressed-in-Federal-Budget....

'Broken' budget has lost billions of dollars in a few months, report finds

Edit The Guardian 25 Apr 2016
The economic consultancy firm has released its respected Budget Monitor, outlining the pressures on federal government finances before Malcolm Turnbull’s government brings down its first budget on 3 May ... No changes to negative gearing or capital gains tax in budget says Malcolm Turnbull ... “But if they do, the Australian electorate will once again be surprised when the federal budget remains just as broken as today,” he said....

Political reality hits budget reform - and voters lose

Edit Sydney Morning Herald 25 Apr 2016
A week from now the federal budget will all but determine the fate of Prime Minister Malcolm Turnbull and his second-chance Coalition government ... The question is whether the Australian economy and budget can afford such safety ... When, we ask, is the right time to tackle the structural budget deficit in a fair and effective manner, with a proper public cost-benefit analysis and Treasury modelling of all the options available?....

Victorian state budget 2016: Andrews Government to unveil $9 billion budget war chest

Edit Sydney Morning Herald 25 Apr 2016
Labor's second budget, to be delivered on ... Victoria's strong budget position stands in contrast to the dire state of the federal budget. The Turnbull government is set to hand down its budget on May 3, and according to Federal Treasury's most recent predictions, the Commonwealth is facing deficits worth $108 billion over four years....

Feds to consider public pension funds to help bankroll big infrastructure

Edit Topix 25 Apr 2016
The federal government has identified a potential source of cash to help pay for Canada's mounting infrastructure costs - and it could involve leasing or selling stakes in major public assets such as highways, rail lines, and ports. A line tucked into last month's federal budget reveals the Liberals are considering making public assets available to non-government investors, like public pension funds ... ....

GOP battles bailout perception on Puerto Rico

Edit San Francisco Chronicle 25 Apr 2016
Agricultural revenue has diminished and federal tax ... In the years since, it has evolved to aid Republican politicians and take up conservative causes such as balancing the federal budget and fighting donor disclosure laws at the state level....

Federal budget 2016: Deficit $21b worse, despite iron ore rise, says Deloitte

Edit Sydney Morning Herald 25 Apr 2016
The government's budget position has deteriorated $21 billion in the past four months, despite the resurgent iron ore price, a new analysis has found. The Deloitte Access Budget Monitor finds that a higher than expected dollar, more sluggish than expected wage growth, and new spending commitments have detracted more from the budget position than the higher iron ore price will add....
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