National
Millions of Australians will have income tax cuts fast-tracked in a federal budget set to focus on driving business investment and job creation, with an expected wage subsidy to employ young workers.
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.
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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.
