National
The federal budget deficit hit $85.3 billion in 2019/20 instead of a predicted $5b surplus, as the Morrison government wrestled with the initial impact of the coronavirus pandemic.
National
Treasurer Josh Frydenberg has unveiled a horror economic forecast for the June quarter, in the wake of coronavirus restrictions crippling businesses nationwide and throwing hundreds of thousands of workers out of their jobs.
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News Corp’s claims about Facebook and Google don’t stack up – but that hasn’t stopped the Federal Government handing the Murdochs yet another political win, this time in their battle against the tech giants, writes Bernard Keane.
Welfare recipients including Newstart recipients, pensioners and households accessing family tax benefits will be handed a one-off $750 stimulus payment as part of a $17.6 billion federal bid to ensure the coronavirus pandemic doesn’t “bury the budget for a decade”.
Rob Lucas’s razor-thin budget surplus has been effectively wiped out by a fresh writedown in GST revenues, with this morning’s federal update slashing the state’s receipts by $136 million in the current financial year.
Treasurer Josh Frydenberg is concerned Australia’s ageing population is an “economic time bomb” for the national economy.
Treasurer Josh Frydenberg has called for cool heads as the United States and China lock horns over currency and tariffs in an ongoing trade war.
