Australia’s defence industry contributed almost $12 billion (by gross value added, or GVA) to the national economy in 2023-24, according to latest official figures.
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Labor and the Coalition have put housing affordability at the heart of their official campaign launches, both held on April 13.
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US President Donald Trump has kept his vow to introduce wide-ranging tariffs on imports into the United States, with Australian exports to the US to be slugged with a 10 per cent tariff.
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Australia’s 18 million voters will go to the polls on May 3, with sitting Labor Prime Minister Anthony Albanese seeking to become the first PM since 2004 to win successive elections.
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After two successive years of budget surpluses, Federal Treasurer Jim Chalmers has delivered a pre-election Budget that forecasts a string of deficits in the years ahead.
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Victoria is the major winner from the projected carve-up of revenue collected from the Goods and Services Tax (GST) in 2025-26.
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Deputy Prime Minister Richard Marles has sidestepped US demands that Australia raise its level of defence spending by up to $50 billion.
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Federal Treasury Head Dr Steven Kennedy has warned of the economic damage to Australia that would be caused by the extended imposition of tariffs.
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If Anthony Albanese wants to find positive omens for his re-election bid, he might want to avert his eyes from the history of first-term governments in Australia.
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Australia’s leading security official has warned that the nation’s defence is facing escalated threats from espionage, foreign interference and potential sabotage as the AUKUS project develops.
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President Donald Trump has made good on his threat to impose a 25 per cent tariff on steel and aluminium imported into the US.
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New US Defense Secretary Pete Hegseth has affirmed the support of the Trump Administration for the AUKUS defence partnership, during talks in Washington DC with his Australian counterpart Richard Marles.
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Voters in Western Australia will go to the polls on March 8, with Premier Roger Cook seeking a third term for his Labor government.
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Australian consumer price rises eased in the December quarter, with lower food prices and electricity subsidies contributing to a headline annual inflation rate of 2.4 per cent – the lowest rate since early 2021.
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Returning US President Donald Trump has wasted little time in nominating the primary targets of his economic and trade agenda.
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Sometime in the next four months, Australians will go to the polls to cast their verdict on the Labor Government’s first term.
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Australia is on course to deliver a marginally smaller budget deficit in 2024-25 than forecast in the May Budget, but with rising shortfalls in coming years.
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Australia’s economy has continued its pattern of weak economic growth, with gross domestic product (GDP) rising by a slender 0.3 per cent seasonally adjusted in the September quarter and by 0.8 per cent for the year.
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Headline annual inflation remained steady at 2.1 per cent in October, assisted by lower electricity and automotive fuel prices, according to the Australian Bureau of Statistics.
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Treasurer Jim Chalmers and Finance Minister Katy Gallagher have announced a major shake-up of Australia’s sovereign wealth fund, with a new investment mandate to focus on government-directed national priorities.
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