Queensland’s forecast budget surplus more than doubles to $4.3b off the back of a booming housing market

Queensland’s forecast budget surplus more than doubles to .3b off the back of a booming housing market

Queensland has more than doubled its expected budget surplus after the booming housing market pumped billions of extra dollars into the state’s coffers. Key points: The state government pocketed $510 million more in tax revenue than it expected He said the surplus funding will go towards delivering 5,600 new social and affordable homes Queensland’s expenses bill was … Read more

Treasurer Jim Chalmers expected to reveal a $40 billion improvement to the federal budget bottom line

Treasurer Jim Chalmers expected to reveal a  billion improvement to the federal budget bottom line

Surging inflation and sky-high commodity prices are largely to thank for a $40 billion improvement to the bottom line of the federal budget.  Key points: Treasurer Jim Chalmers will hand down his first budget on Tuesday night He says the budget bottom line will be $40 billion better off over four years It’s primarily due to higher … Read more

Treasurer Jim Chalmers says devastating floods will impact cost of living, ‘hopes’ Australia can avoid recession

Treasurer Jim Chalmers says devastating floods will impact cost of living, ‘hopes’ Australia can avoid recession

Australians are set to face further cost of living pressures, with the impact of the devastating flooding events across three states to hit household budgets. Hundreds of homes across regional Victoria and parts of Melbourne have been left inundated and isolated following last week’s heavy rainfall. New South Wales and Tasmania have also been dealing with … Read more

LIVE: Attoney-General Mark Dreyfus addresses proposed National Anti-Corruption Commission | ABC News – ABC News (Australia)

LIVE: Attoney-General Mark Dreyfus addresses proposed National Anti-Corruption Commission | ABC News – ABC News (Australia)

LIVE: Attoney-General Mark Dreyfus addresses proposed National Anti-Corruption Commission | ABC News  ABC News (Australia)View Full coverage on Google News

Federal government appears set to maintain stage 3 tax cuts in this month’s budget despite mounting speculation

Federal government appears set to maintain stage 3 tax cuts in this month’s budget despite mounting speculation

The federal government appears set to maintain income tax cuts that will predominantly benefit high and middle-income earners in this month’s budget, despite looming speculation the multi-billion dollar package would need to be pared back amid a worsening economic outlook. Key points: Stage 3 tax cuts were legislated under the Coalition government and are due … Read more

End of fuel excise discount shouldn’t cause immediate petrol price spike, Treasurer says

Treasurer Jim Chalmers expected to reveal a  billion improvement to the federal budget bottom line

The end of a 22 cent cut to petrol taxes next week shouldn’t trigger an immediate spike in prices at the bowser, federal Treasurer Jim Chalmers says. Key points: Temporary tax relief on fuel ends next week The federal government says it is too expensive to continue the tax cut The Treasurer says there is enough … Read more

Welfare recipients set to receive largest indexation increase in three decades amid soaring cost of living

Welfare recipients set to receive largest indexation increase in three decades amid soaring cost of living

There’s some relief in sight from the soaring cost of living for almost five million Australians, with welfare payments set to receive their largest indexation increase in up to 30 years. Key points: The maximum rate of pension will increase to $1026.50 a fortnight for singles and $773.80 for each member of a pensioner couple … Read more

RBA expected to increase cash rate by 0.5 per cent next week | 9 News Australia – 9 News Australia

RBA expected to increase cash rate by 0.5 per cent next week | 9 News Australia – 9 News Australia

RBA expected to increase cash rate by 0.5 per cent next week | 9 News Australia  9 News Australia More misery predicted for homeowners  news.com.au Greens call on Reserve Bank to ‘pause’ interest rates until after budget  Sydney Morning Herald Greens call to ‘pause’ RBA’s expected interest rate hike | 9 News Australia  9 News Australia View Full coverage … Read more

Peter Dutton slams push for industry-wide bargaining as he continues attack on the Albanese Government over jobs summit

Peter Dutton slams push for industry-wide bargaining as he continues attack on the Albanese Government over jobs summit

Opposition Leader Peter Dutton has slammed the push for multi-employer or industry-wide bargaining, warning it will be a “disaster” for the economy and lead to increased strike action.   Mr Dutton weighed in on the issue on Friday a day after the Albanese Government backed an ACTU push to implement the measure, which would be part … Read more

Wages and workplace conditions to dominate jobs and skills summit | ABC News – ABC News (Australia)

Wages and workplace conditions to dominate jobs and skills summit | ABC News – ABC News (Australia)

Wages and workplace conditions to dominate jobs and skills summit | ABC News  ABC News (Australia) Jobs Summit will have ‘really positive agenda’  Sky News Australia David Littleproud should not be ‘giving credibility’ to ‘farcical’ Jobs Summit  Sky News Australia View Full coverage on Google News