All eyes might be on the US Presidential race, but don’t forget the historical twists behind the US Vice-Presidency.
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New South Wales will halve its budget deficit in 2024-25 but will not produce a budget surplus in the next four years, according to Treasurer Daniel Mookhey.
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Queensland is set to finish the financial year with a $564 million budget surplus, but revert to a $2.63 billion deficit in 2024-25 through flatter revenue and increased spending on concessions.
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Amid recruitment shortfalls, the Australian Defence Force (ADF) will open its ranks to applicants from eligible permanent residents from select countries.
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Annual inflation is creeping up again in Australia, with the monthly Consumer Price Index indicator rising to 3.6 per cent in the 12 months to April.
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Intra-plan inflation in the National Disability Insurance Scheme (NDIS) drove more than $3.3 billion in additional NDIS costs over the 12 months to February, the Federal Government has revealed.
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Federal Opposition Leader Peter Dutton has foreshadowed that the Coalition will oppose a core plank of the Labor’s Future Made in Australia package unveiled in the 2024-25 Budget.
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Treasurer Jim Chalmers has chalked up a second successive annual budget surplus, with the Federal Government set to end the 2023-24 year with a $9.3 billion budget surplus.
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Victoria is banking on stronger economic growth in the state to achieve a budget surplus and stabilise its debt position, as outlined in its 2024-25 State Budget.
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Annual inflation in Australia has edged down to 3.6 per cent in the March quarter, but is still well above the Reserve Bank’s target range of 2-3 per cent.
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Deputy Prime Minister Richard Marles has released the inaugural National Defence Strategy, a new approach in developing an integrated force to meet emerging security challenges.
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New legislation – a Future Made in Australia Act – will underpin the Federal Government’s active role in investing in industry and building sovereign capability in areas of national interest.
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Deputy Prime Minister Richard Marles says that Australia’s Defence funding will rise to around 2.4 per cent of Gross Domestic Product by 2033-34, with a spending increase “of historic proportions”, up from an original projection of 2.1 per cent of GDP.
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Australia’s annual inflation rate has levelled out, with the cost of living increasing at 3.4 per cent in each of the past three months.
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Voters in Tasmania have delivered a hung parliament, with the final outcome of Saturday’s State Election still to be decided.
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New South Wales and Queensland are the major losers and Victoria and Western Australia the winners in the distribution of revenue from the Goods and Services Tax pool of an estimated $89.4 billion in 2024-25.
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Australia’s economy has just kept its head above water, with official figures showing a flat 0.2 per cent growth, seasonally adjusted, in gross domestic product during the December 2023 quarter.
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Australia’s head of security and intelligence has warned that the nation is the priority target of a particular team – the so-called ‘A-team’ - in a particular foreign intelligence service.
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A high-level review of Australia’s university sector has recommended a sharp lift in the number of graduates to meet the future demands of the national economy.
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Australia’s jobless rate has passed the four per cent mark for the first time in two years, according to official figures.
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