Australia’s defence on collision course with Trump’s demands
Australia is on a collision course with US President Donald Trump, with the budget failing to significantly boost defence spending despite increasing threats from China.
Australia is on a collision course with US President Donald Trump, with the budget failing to significantly boost defence spending despite increasing threats from China.
Labor is trying to put a positive spin on the Australian economy, but a closer read of the budget reveals a litany of risks to our growth.
Leading economists have warned Australia’s latest debt figures should be a cause of concern, despite the government’ arguing the Budget was “in better shape”.
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Prime Minister Anthony Albanese has made a strong statement about the future of a multi-billion dollar investment after meeting with US President Joe Biden.
In another blow for struggling Aussies, the cost of a pint, carton or spirit is rising from Monday, as alcohol tax hikes kick in.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
Empty homes will be freed up and thousands more units built after the Albanese government issued 11th hour approval to add retirement villages to its 1.2m new homes target from July 1.
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
Australian homebuyers are set to receive their biggest boost to borrowing power since the pandemic interest rate crash with July 1 stage 3 tax cuts to add as much as $46,000.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Jim Chalmers thought he would be spruiking his budget during a TV appearance, but then he was asked an awkward question about Israeli Prime Minister Benjamin Netanyahu.
Opposition Leader Peter Dutton has backed in his plan to overhaul Australia’s migration intake to help end the housing crisis.
Labor’s budget has fallen flat with voters according to the latest Newspoll, but ratings for Prime Minister Anthony Albanese have risen.
Original URL: https://www.weeklytimesnow.com.au/news/national/federal-budget/page/9