Federal Treasurer Jim Chalmers has predicted that the budget surplus for the 2023-24 year will end in the “mid-teens” billions of dollars, which he says could result in the largest back-to-back surpluses on record (after a $22.1 billion surplus in 2022-23).
Read MoreAustralia will commit more than $2 billion over the next decade in partnering with Amazon Web Services (AWS) to deliver a purpose-built Top Secret Cloud for defence and national intelligence agencies.
Read MoreAnnual inflation has taken another sharp rise, hitting four per cent in the 12 months to May, according to latest Australian Bureau of Statistics price data.
Read MoreAll eyes might be on the US Presidential race, but don’t forget the historical twists behind the US Vice-Presidency.
Read MoreNew 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.
Read MoreQueensland 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.
Read MoreAmid recruitment shortfalls, the Australian Defence Force (ADF) will open its ranks to applicants from eligible permanent residents from select countries.
Read MoreAnnual 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.
Read MoreIntra-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.
Read MoreFederal 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.
Read MoreTreasurer 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.
Read MoreVictoria 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.
Read MoreAnnual 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.
Read MoreDeputy Prime Minister Richard Marles has released the inaugural National Defence Strategy, a new approach in developing an integrated force to meet emerging security challenges.
Read MoreNew 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.
Read MoreDeputy 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.
Read MoreAustralia’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.
Read MoreVoters in Tasmania have delivered a hung parliament, with the final outcome of Saturday’s State Election still to be decided.
Read MoreNew 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.
Read MoreAustralia’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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