Federal Budget Alert
Summary of the 2023/24 federal budget
9 May
SUMMARY OF 2023/24 FEDERAL BUDGET ECONOMY * Budget surplus of $4.2 billion in 2022/23 * Deficits of $13.9 billion in 2023/24, $35.1 billion in 2024/25, $36.6 billion in 2025/26 and $28.5 billion in 2026/27 * Commonwealth net debt rising to $574.9...[Read More]
Federal budget 2023/24 at a glance: Who are the winners and losers?
9 May
The Federal Budget at a glance * Budget deficit of $13.9 billion in 2023/24 * Commonwealth net debt to rise to $574.9 billion (22.3 per cent of GDP) in 2023/24 * Economic growth to fall to 1.5 per cent in 2023/24 * Unemployment rate to rise to 4.25...[Read More]
Key Treasury economic forecasts in the 2023/24 budget
9 May
Economic growth is set to more than halve in 2023/24 before picking up in the following three years, as Australia continues to feel the impact of weak conditions offshore. But there is better news on inflation, which is expected to finally return to...[Read More]
Small business owners promised thousands in savings
9 May
Businesses struggling to make ends meet will be able to claim tens of thousands of dollars in tax incentives to drive down power bills and boost productivity. Small business minister Julie Collins says they are “the lifeblood of our economy” and...[Read More]
A summary of the 2022/23 federal budget
25 October
ECONOMY * Budget deficit of $36.9 billion in 2022/23 * Deficit expands to $44 billion in 2023/24, $51.3 billion in 2024/25 and drops to $49.6 billion in 2025/26 * Commonwealth net debt to rise to $572.2 billion (23 per cent of GDP) in 2022/23 before...[Read More]