Economists and financial markets believe a quarter percentage point cut in May,worth $100 a month to repayments on a $600,000 mortgage,is all but a done deal due to the latest ABS figures.
Labor released its costings on Monday,saying it would cut the use of consultants and increase visa fees to claw back improvements in the budget.
Pork-barrel is too kind a word to describe the avalanche of promises being offered to seduce voters this election campaign.
Whoever wins on Saturday faces budget deficits as far as the eye can see. Peter Dutton faces tough choices to meet his promises and cut spending.
With a week to go to the election,bookies and punters have Labor the favourite in 77 seats,a figure that would secure majority government and a second term for Anthony Albanese.
Australia’s richest person has called for a gargantuan rise in defence spending to 5 per cent of GDP at a sunset vigil before Anzac Day.
The Coalition says its plan to lift defence spending will cost $21 billion. But its longer-term goal would make defence the second-largest budget cost.
Just two days after Opposition Leader Peter Dutton said he would not touch Labor’s tax break for electric vehicles,the Coalition announced it would get rid of it.
More than half a million people are voting daily already - up 72 per cent on the last election - without information on how much each party’s policies will cost.
Uncertainty caused by President Donald Trump’s tariff war will slow the global economy,a global wake-up call insists.