Budget
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Jump in commodity prices may not save Australia's credit rating Analysis
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Treasurer Scott Morrison is trying to save Australia's prized AAA credit rating, burdened by a $37 billion budget deficit, but one ratings agency is likely to deliver on its threat to cut our credit rating, writes Andrew Robertson.
Topics: business-economics-and-finance, money-and-monetary-policy, government-and-politics, federal-government, budget, iron-ore, coal, australia
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'Pain ranking' used to help Newman government decide on budget cuts
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Massive cuts to Queensland's public service and government programs under the LNP administration of Campbell Newman were given a "pain" ranking, confidential documents reveal.
Topics: federal---state-issues, government-and-politics, liberal-national-party-queensland, budget, environmental-policy, qld
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Business lobby criticises WA Labor plan to slash debt
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Serious doubts are raised about a key WA Labor strategy designed to drive down state debt, with the state's Chamber of Commerce and Industry labelling it inherently flawed and a cop-out.
Topics: government-and-politics, elections, states-and-territories, budget, perth-6000, wa
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How are the major parties going to tackle WA's spiralling debt?
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WA's debt problem is worse than any other state in the nation, and with a state election just around the corner each of the major parties has its own plan to address the issue.
Topics: elections, business-economics-and-finance, budget, wa
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More financial pain for Barnett Government ahead of WA election
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The WA Government is handed a pre-election budget blow, with another increase in state debt and the return to surplus delayed yet again.
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What are the changes to child care payments?
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Changes to both child care payments and family tax benefits will be introduced to Parliament today in a so-called omnibus bill. Here's what you need to know about the changes.
Topics: child-care, family, tax, government-and-politics, federal-parliament, federal-government, budget, australia
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Child care, PPL combined in bill to force savings through Parliament
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The Federal Government has combined a range of stalled and revised welfare measures into a single bill to try to force nearly $4 billion in savings through the Parliament.
Topics: government-and-politics, federal-government, budget, child-care, welfare, tax, australia
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Andrew Constance image
image
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Andrew Constance
Topics: budget, government-and-politics, state-parliament, parliament, states-and-territories, nsw, australia
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Acting Premier caught out on key economic figures
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WA's Acting Premier says she will have to "brush up" on her figures after copping criticism for failing to correctly identify the state's unemployment rate, debt or deficit.
Topics: state-parliament, budget, unemployment, elections, wa
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Morrison uses MYEFO to renew push for company tax cuts
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Treasurer Scott Morrison says yesterday's budget update bolsters the Government's case for the corporate tax rate to be cut to 25 per cent, but the Opposition says it will stand firm against the proposal saying they "simply can't be afforded".
Topics: budget, federal-government, scott-morrison, chris-bowen, tax, australia
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Iron ore royalties tipped to boost WA bottom line
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The WA Government's mid-year budget review is expected to show a slight improvement in its forecast $3.9 billion deficit due to increased iron ore royalties.
Topics: states-and-territories, government-and-politics, budget, perth-6000, wa
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Australia scrapes a pass from ratings agencies in latest budget test
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The Turnbull Government's latest budget update keeps the nation's AAA credit rating intact, but the agencies warn it may be gone by May if further action is not forthcoming.
Topics: budget, federal-government, economic-trends, australia
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Verrender: MYEFO shows these aren't ordinary times
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The good news from the MYEFO is Treasurer Scott Morrison appears to have achieved an improvement in the current year compared to the May budget — the bad news is the forecasts for next year and beyond look shocking, writes Ian Verrender.
Topics: business-economics-and-finance, economic-trends, money-and-monetary-policy, budget, government-and-politics, federal-government, australia
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What are credit ratings and should we care if Australia is downgraded?
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While Australia has maintained its AAA credit rating for now, the ABC's business editor says the coveted rating is doomed. If you're not sure why that would matter, read on.
Topics: business-economics-and-finance, budget, federal-government, money-and-monetary-policy, australia
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Deficit to increase by $10 billion, MYEFO shows
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Federal budget deficits will increase by more than $10 billion in coming years as the Government battles low wage growth and falling company profits, but it insists it will still return a surplus in 2020/21.
Topics: business-economics-and-finance, economic-trends, money-and-monetary-policy, budget, government-and-politics, federal-government, australia
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Water agencies' funding confirmed in federal budget update
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National water agencies will receive secure funding into the future, as part of the Federal Government's mid-year budget update.
Topics: conservation, environmental-policy, murray-darling-basin, water, budget, water-management, agribusiness, agricultural-policy, irrigation, parliament-house-2600
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Why Australia's AAA credit rating is doomed Analysis
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When Treasurer Scott Morrison unveils his second Mid Year Economic and Fiscal Outlook, it will be in the knowledge that the "coveted" AAA credit rating is doomed.
Topics: business-economics-and-finance, money-and-monetary-policy, government-and-politics, federal-government, budget, australia
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Deficit expected to deepen in MYEFO report
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Federal Treasurer Scott Morrison is today expected to unveil a mid-year budget update with a deeper deficit than forecast in the May budget, with one economist predicting a blow out to $40 billion.
Topics: budget, government-and-politics, economic-trends, business-economics-and-finance, australia
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Government prepares for lacklustre economic outlook
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The Federal Government lays down the groundwork for a lacklustre mid-year budget update on Monday, warning that a rise in commodity prices may not be enough to counter a decline in economic growth.
Topics: budget, federal-government, economic-trends, markets, money-and-monetary-policy, australia
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SA budget surplus forecast to be $300m
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Delays in the opening of the new Royal Adelaide Hospital will help boost the South Australian Government's budget surplus by a predicted $46 million, according to the mid-year budget review released by the Government which shows a total surplus of $300 million.
Topics: government-and-politics, budget, adelaide-5000
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SA headed for troubled 2017, economic report finds
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South Australia's economy is headed for a gloomy 2017, a report finds, despite expectations the Treasurer will announce a budget on track at his mid-year review today.
Topics: budget, government-and-politics, states-and-territories, sa
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Morrison's household debt remarks 'inane and stupid'
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Finance experts criticise Treasurer Scott Morrison's comments on large amounts of household debt as "inane and stupid", saying assets are only increasing in value because debt is used to buy them.
Topics: business-economics-and-finance, budget, government-and-politics, australia
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Commodity price rise unlikely to stem budget deterioration
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While a surprise surge in key commodity prices is a welcome boost for the Federal Government, analysts say it is unlikely to halt a deterioration in the budget position.
Topics: budget, federal-government, coal, iron-ore, economic-trends, australia
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Chief Justice warns Supreme Court faces rising workload with aging technology
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The Queensland Supreme Court is facing an increased workload while coping with outdated technology and substandard facilities at a major regional courthouse, Chief Justice Catherine Holmes says.
Topics: courts-and-trials, judges-and-legal-profession, computers-and-technology, budget, brisbane-4000, rockhampton-4700
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Revenue windfall well timed for Queensland Labor as election year looms
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The Queensland Government suddenly finds itself with money to spend as a tough election approaches, with a budget windfall of more than $1 billion.
Topics: budget, elections, state-parliament, coal, regional-development, brisbane-4000
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