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Articles on Treasury

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Treasury Secretary Steven Kennedy with Finance Minister Mathias Cormann at Senate estimates on Thursday. Mick Tsikas/AAP

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.
The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg. Mick Tsikas/AAP

Battle won. Our budget woes are behind us

The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.

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