Treasurer Jim Chalmers has flagged substantial public investment likely including tax breaks and other incentives in next month’s budget to encourage industry.
Anthony Albanese’s head of the Productivity Commission Danielle Wood has sent a warning to the Albanese government that his new response won’t be costless.
In a speech to Committee for Economic Development of Australia Treasurer Jim Chalmers will say lower commodity prices and a softening labour market mean this year’s revenue upgrade will be modest.
If Jim Chalmers were in television, he’d be the presenter, key producer and the warm-up act. The Budget might be two months away, but Chalmers is preparing us for his night in the spotlight.
Our super funds say they want to invest more in the net zero transition but that regulation blocks them. It’s time to put them to the test, and turn their piles of money toward a greener future.
The Mid-Year Economic and Fiscal Outlook (MYEFO) shows the federal budget is headed for a small $1.1 billion deficit this financial year, according to the update.
Infrastructure is always a vexed issue. The program is full of pork barrelling, whoever is in power. Even when that’s not involved, what to build and when it should be built is often contested.
If big money is going to invest in clean energy and technology, the rules have to be clear. Australia’s launch of a green finance strategy last week was a good start but there is further to go.
The ageing population will strengthen the trend towards a service-based economy, with the care and support sector potentially doubling over the coming four decades.
Chalmers is in the driver’s seat as another Labor government copes with an economic crisis – very different from the GFC, but similar in being driven by circumstances not of the government’s making.
A strong revenue flow, including from a pick-up in wages, appears to have made it possible for the government to do somewhat more on welfare payments than it originally intended
Tuesday’s budget will forecast a growth in real wages of three quarters of a percentage point over the year to June 2024. This is an upgrade of half of a percentage point since the October budget
While Albanese (who lands back in Australia on budget eve) basks in the international limelight, at home Treasurer Jim Chalmers this week has been feeling the heat of the spotlight.