Government-funded energy rebates have helped to curb the annual inflation rate for July, according to latest official figures.
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Labor has been defeated in the Northern Territory election, with the Country Liberal Party (CLP) returning to office after eight years.
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Annual wage rises outpaced the rate of inflation over the 2023-24 year, increasing by 4.1 per cent, seasonally adjusted, according to official figures.
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Reserve Bank Governor Michele Bullock has delivered a reality check on prospects for interest rate relief, warning that inflation was still well above the central bank’s 2-3 per cent target range.
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Prime Minister Anthony Albanese has announced the first Cabinet reshuffle of his 26-month old government, announcing major changes to a raft of portfolios.
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US President Joe Biden has announced that he will not seek re-election at the November election, becoming the first single-term American President in more than 140 years to decline to re-contest.
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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).
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Australia 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.
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Annual 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.
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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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