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Forecast tax take out by $30bn
DAVID URENTreasury’s budget forecasts for personal and company tax were out by almost $30bn just six months later.
World Bank wary on US growth
DAVID URENGlobal economic growth will improve this year, according to the World Bank.
PM’s tax policy needs selling
DAVID URENPrime Minister Malcolm Turnbull must explain to voters how these changes are going to benefit them.
exclusiveTaxman’s hi-tech hunt for cash
DAVID CROWE, DAVID URENThe ‘Netflix tax’ is just the tip of the iceberg, as the government moves to take a slice of 10 billion online transactions.
Retail weak ahead of Christmas
DAVID URENRetail sales were weak in the lead up to Christmas as shoppers deserted department stores.
Wedding, parties ‘part of job’
RACHEL BAXENDALE, DAVID URENSussan Ley’s 22 taxpayer-funded trips to and from the Gold Coast started long before she was appointed minister.
Morrison rejects spending calls
DAVID URENThe OECD and the IMF say Australia could double its debt to stimulate the economy, but the Treasurer doesn’t agree.
exclusive‘Private funds key to housing’
DAVID CROWE, DAVID URENScott Morrison is moving to reshape the political fight over housing affordability by working on radical reforms.
130 shipbuilding redundancies
DAVID URENAdelaide’s shipbuilding industry is winding down before work begins on new naval ships and submarines.
Car fanciers fuel Ferrari frenzy
SAMANTHA HUTCHINSON, DAVID URENA wealth flow-on from rising house prices has made Australia Ferrari’s fastest growing market for first-time buyers.
Low rates shielding debtors
DAVID URENHousehold interest bills are consuming less income than at any time since 2003.
Risks if Trump rattles China
DAVID URENIt will be a challenge for Turnbull to balance our interests as titans clash.
exclusiveCity jobs growth stymies regions
DAVID URENCapital city centres have captured nearly half of all new jobs created across the nation in the past 10 years.
Running start for manufacturers
DAVID URENThe manufacturing industry has started the year in good shape with trading conditions at their best since July.
Deficit budgets a perpetual trap
DAVID URENThe Keating government learned it is far easier to loosen budget spending than to control the resulting deficit.
World trade growth near-stalled
DAVID URENWorld trade has had its worst year since the global financial crisis.
Surplus ‘trick’ Labor’s scheme
DAVID URENBill Shorten has accused the government of an “accounting trick” to obtain a budget surplus in 2020-21.
Shorten chides budget ‘trick’
DAVID URENThe Coalition’s projected 2020-21 surplus is achieved entirely by a change in accounting for the Future Fund.
Hikes ahead: era of rate cuts over
DAVID URENThe era of rate cuts is over and the RBA will be lifting its cash rate late next year, traders are betting.
Buoyant outlook after soft patch
DAVID URENOur recession-free run is enviable but little defence against a downturn.
Blocked savings ‘to secure AAA‘
DAVID UREN, ROSIE LEWISPassage of the $13.2bn in savings blocked in the Senate ‘would be enough to secure Australia’s AAA credit rating’.
$100bn bonds boost
DAVID URENTreasury will raise a record $10bn from bond issues to cover the increase in the budget deficit.
ANALYSISCave-dwellers and consumption
DAVID URENConsumers are the heroes in Treasury’s story about how the economy will evolve over the next four years.
Treasury eyes lower growth
DAVID URENGrowth projections have been lowered but Treasury sees the economy returning to normal over the next two years.
Costs a saving grace
DAVID URENTax revenue is again failing to rise in line with Treasury’s forecasts.
CommentInflation stalks revenue growth
David UrenTreasury has again been forced to cut its estimate for revenue over the next four years, by $30.5 billion.
Budget’s $100bn reality check
DAVID CROWE, DAVID URENBudget deficits will deepen over the next four years in a hit that could push back the goal of a surplus by 2021.
Boom in housing slowing
DAVID URENFalling demand for professions such as architects, valuers and real-estate agents shows the flow of projects drying up.
commentChange a threat to debt levels
DAVID URENThe loss of Australia’s AAA credit rating would threaten our access to global funds in the event of another GFC.
Job figures defy gloom
DAVID URENA big lift in full-time hiringhas lessened fears that the economy was facing a downturn.
analysisUS rate hike squeezes out RBA
DAVID URENFinancial markets are all but ruling out any further interest rate cuts from the Reserve Bank of Australia.
Reserve backing for $100 notes
DAVID URENThe Reserve Bank wants the $100 note retained, rejecting arguments of Financial Services Minister Kelly O’Dwyer.
NBN losses at $8.3bn
DAVID URENThe NBN has already lost $8.3bn of the $20.3bn allocated by the federal government.
Treasury seeks precision
DAVID URENVolatile commodities, weak inflation make it increasingly hard to frame budgets.
Consumer sentiment dives
DAVID URENConsumers say their family finances are in a worse state now than they were a year ago.
exclusiveStimulus out as mandarins clash
DAVID URENScott Morrison is ruling out the use of cash-handouts or other budget stimulus measures to support the economy.
exclusiveMorrison on notice as debt soars
DAVID URENCredit ratings agencies are warning they will not accept unrealistic forecasts in next week’s budget update.
We must learn from UK: Pyne
DAVID URENDefence industry contractors in Australia should learn from their British counterparts, Christopher Pyne has argued.
Opinion
We’ll all win if PM cows unions
Janet Albrechtsen The power grab for volunteer firefighters goes to the heart of the federal election.
Disruption looms in anti-elitism
Paul Kelly Feeling ripped off by corruption and afraid of terrorism and migrants, voters are going to extremes.
Politics is turning into tennis
Greg Craven There are only two dogs in this fight — our first unashamedly imperial poll.
Don’t be fooled, focus on future
Catherine Livingstone We need policies that prevent a downward spiral as the world’s economy evolves.
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