In short: A bill for a key 2023 federal budget policy measure for small businesses remains stuck in parliament. Economists say both major parties are playing “dumb” political games. What’s next? A June 30 deadline looms for the bill to pass the Senate with just one week remaining where both houses will sit. Both major parties have been...
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Tag: Treasury
Australia’s housing crisis in 10 graphs, from the federal budget
The Albanese government knows Australia has a housing problem. It says the country is suffering from “historic underinvestment” in housing that’s created a significant supply shortage. In its 2024-25 budget, it has dedicated an entire chapter to the crisis — a sign of how seriously the issue is considered. “Australia’s housing system has been unable...
What’s in the budget? Here’s every announcement that you’ll hear about later today
Treasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a “cash splash”. Inflation remains a key challenge for the government, and we already have a pretty good idea of how Mr Chalmers plans to use his budget to...
Treasurer tips hat to Australian public servants who built the global economy
Treasurer Jim Chalmers has used a pre-Budget address to salute the role of Australian public servants in setting up the Bretton Woods System. Driven by one of history’s most influential economists, John Maynard Keynes, the Bretton Woods conference reforged the global economy in the wake of World War II through the creation of the Global...