A winning streak not seen in 15 months has the ASX200 in striking distance of record levels. Australian shares on Wednesday closed higher for a seventh consecutive day after the federal budget and peace talks in Ukraine helped investor sentiment. Technology shares continued their return to favour...
Small businesses are getting more than $1.5 billion in tax breaks for going digital and training workers, but some say the budget misses the mark on big challenges facing the economy. “Small and family businesses are at the heart of our economy and local communities –...
Treasurer Josh Frydenberg has unveiled a pre-election budget spliced with billions of dollars worth of tax offsets, cash payments and fuel excise relief. A one-off tax break of $420 will go to more than 10 million Australians earning up to $126,000 a year. Their total tax relief...
More gas, low-emission technologies and critical minerals will power Australia’s economic growth and energy future, according to a budget blueprint. Some 140 categories of low-emissions technologies will get access to new tax concessions under expanded “patent box” arrangements set out in the 2022/23 federal budget on...
THE FEDERAL BUDGET AT A GLANCE KEY FORECASTS * Budget deficit of $78 billion in 2022/23 * Commonwealth net debt to rise to $714.9 billion (31.1 per cent of GDP) in 2022/23 * Economic growth to rise by 3.5 per cent in 2022/23 * Unemployment rate of 3.75 per cent...
FEDERAL BUDGET FORECASTS The federal government’s budget black hole will persist for the foreseeable future, but there will be notable improvements from the new financial year. By the end of 2025/26 the budget will be $103.6 billion better off, compared to the most recent estimates. This assumes the...