The Federal Treasurer will have an opportunity to confirm the Government’s spending and savings plans when he delivers a statement to the new Federal Parliament late in July.
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Australia’s resource and energy export earnings are forecast to reach a new record of $419 billion in 2022-23, according to a new report by the Federal Department of Industry, Science and Resources.
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Federal Treasurer Jim Chalmers may be preaching fiscal constraint, but Australia’s budget bottom line for 2021-22 is already substantially healthier than that projected in the March Budget.
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National Cabinet has met for the first time under the Albanese Labor Government, pledging to urgently tackle skills shortages by expediting visa processing and addressing disaster recovery funding.
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Treasury Head Dr Steven Kennedy has delivered a dose of reality in a major post-Budget address, forecasting that inflation was likely to rise to, and stay above, six per cent for the remainder of 2022.
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Prime Minister Anthony Albanese has signalled a nation-wide approach to dealing with rising energy prices, with state and territory energy ministers due to meet this week.
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New Federal Treasurer Jim Chalmers has moved to dampen expectations on future budget spending, declaring that he and new Finance Minister Katy Gallagher were on a hunt to find budget savings.
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Federal Labor is poised to win majority government in Australia, ousting the Coalition after almost nine years.
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In the final days, watch for the travel itineraries of the two leaders: they will be targeting some last-minute moves in seats that may surprise on election night.
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Prime Minister Scott Morrison has targeted two contentious areas – housing and superannuation – with a plan to assist first-home buyers forming the focus of his official campaign launch.
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Expect counting of Senate positions to last for weeks, as preferences are painstakingly counted to decide final spots, ahead of a new Senate from July 1.
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Campaigning in Western Australia, Prime Minister Scott Morrison has pledged more than $108 million to train an additional 1,500 school-leavers for jobs in the defence manufacturing and technology industry.
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Federal Opposition Leader Anthony Albanese has zeroed in on rising housing costs, with a home-buying assistance plan the centrepiece of Labor’s campaign launch.
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Annual inflation has risen to its highest level since the introduction of the goods and services tax in 2000, with Australia recording a rate of 5.1 per cent for the 12 months to the end of the March quarter.
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Both the Coalition and Labor have reaffirmed that they will not do deals with Independent MPs to form minority government.
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If Labor were to form government after the May 21 Federal Election, it won’t be short on ministerial experience.
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Prime Minister Scott Morrison has launched into a strong offensive on employment, promising to create 1.3 million new jobs over the next five years.
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Prime Minister Scott Morrison is poised to call a Federal Election, with Saturday May 14 the date tipped.
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Official figures for 2020-21 have confirmed the exodus of people from Australia’s two major cities during Covid-19, with Melbourne alone losing more than 60,000 residents.
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Federal Treasurer Josh Frydenberg has moved to head off concerns over rising inflation, targeting cost-of-living relief while making inroads into the federal budget deficit.
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