The shadow treasurer has told a global conservative movement to focus on aspiration and prosperity to heal polarisation.
An independent review of the wage subsidy scheme found it helped stabilise the economy during the pandemic,but tweaks are needed if it’s to be used in future crises.
Treasurer Jim Chalmers is considering controversial reforms to replace lost revenue from fuel excise taxes as electric vehicle uptake accelerates.
Soaring global temperatures will smash productivity and triple spending on natural disasters.
MPs including Andrew Hastie and Angus Taylor have been asked to apologise for misrepresenting the words of two judges to undermine an enshrined Indigenous Voice.
On a $600,000 mortgage,Tuesday’s rate rise will add almost $100 to monthly repayments,but Philip Lowe warned Australians to expect even more.
The sharp rise in hip-pocket concerns on the anniversary of the Albanese government comes as economists warn that the cost of living may get worse over coming months.
Wages grew by 3.7 per cent in the 12 months to March,a 10-year high – but when taking inflation into account,those wages are worth less.
The treasurer had a quick response on Monday morning when told of the claim by shadow treasurer Angus Taylor that anyone could deliver a surplus this year.
The surplus prediction contrasts with the Coalition’s last forecast for a $78 billion deficit this financial year,but the budget will sink into deficits again.
Finance Minister Katy Gallagher has confirmed the number of cuts and re-prioritisations in the May 9 budget will run into the billions of dollars.