Treasurer Jim Chalmers has downplayed the Reserve Bank governor’s warnings about public spending adding to inflation, insisting large stimulus packages won’t be a feature of the federal budget. After lifting interest rates for the third consecutive meeting, RBA boss Michele Bullock cautioned against a cash splash...
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed. WHAT’S ALREADY KNOWN ABOUT THE BUDGET * The government has already flagged large cuts to the NDIS, with savings of $15 billion to be rolled out...
The crisis in the Middle East fanned the flames of already buoyant inflation in Australia and could lead to more interest rate pain if it isn’t resolved, the central bank has warned. The Reserve Bank of Australia released fresh quarterly economic forecasts on Tuesday, when it...
Australians are missing out on almost $5 billion in superannuation entitlements every year, with one in four workers affected nationwide. Workers were underpaid $24.4 billion across five years between 2018 and 2023, according to the latest Australian Taxation Office data analysed by the industry group Super...
WHAT HAS BEEN ANNOUNCED * The federal government has included a $10 billion fuel security and resilience package in the upcoming budget * This is in response to the fuel crisis caused by the conflict in the Middle East, which has effectively closed a key passageway where...
Australian power grids have proven far more resilient to the latest global energy crisis compared with the Russia-Ukraine war, bolstered by battery boom and subdued local gas prices. A ballooning battery fleet soaking up cheap, abundant solar to discharge in the evening peak have cut reliance...