
Recession plunders Govt coffers ahead of pandemic budget
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.
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.
State bureaucrats working at the government’s white elephant Port Adelaide office tower have racked up more than $25,000 in travel back to the CBD in the months since they’ve moved in, with taxpayers footing the bill, InDaily can reveal.
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A newly-established unit within the state Treasury Department has been given a “broad remit” to find ways to deliver “an equal or better service at a lower cost”, with the State Government open to pursue more outsourcing of public services.
Prime Minister Malcolm Turnbull insists the government will make prudent savings “right across the board” as it grapples with budget deficits and rising debt.
Federal Treasurer Scott Morrison says there are two ways to increase wages – through a pay rise from an employer because of increased productivity or through an income tax cut.