Budget Relief May Take Years, Economists Warn
Economists warn that federal budget measures may take years to ease cost-of-living pressures, as fuel, tax offsets, and housing policies face scrutiny.
Category : Economy
WA tax revenue surges 68% in five years, topping $17 billion
Western Australia's tax revenue has soared nearly 68% over five years to $17 billion, driven by rising house prices and a strong jobs market, but economists call for reform.
WA Budget 2026-27: Saffioti Defends Spending on Inflation
WA Treasurer Rita Saffioti defends the 2026-27 state budget, arguing that increased spending is not fueling inflation. She outlines key investments while addressing economic outlook.
NAB Warns Diesel Prices Could Spike Above $4 by June
NAB warns diesel prices may exceed $4 per litre by June quarter under a severe worst-case scenario, adding pressure to households and businesses.
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Extra Household Stimulus Not in Budget
Treasurer confirms no additional household stimulus in upcoming federal budget, citing inflation concerns and economic stability.
7am Podcast: Rate Rise Could Trigger Recession
Economists warn that a potential interest rate rise by the RBA could push Australia into a recession, with the 7am podcast exploring the risks and implications for households and businesses.
Company Chiefs Warn Consumers Paying Price of War Inflation
Australian company chiefs warn that consumers are bearing the brunt of war-induced inflation, which has prompted another interest rate hike by the Reserve Bank.
Budget Handouts on Table as Inflation Debate Intensifies
Cash handouts for millions of Australians are being considered in the federal budget as Labor tackles rising inflation and the fuel crisis amid another interest rate hike.
Fuel Costs Drive WA Household Spending in March
Western Australian households spent more on fuel in March, yet discretionary spending on dining, travel, and retail remained strong, according to new data.
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Income Tax Halved Under New Government Proposal
The government announces a plan to halve income tax for middle-income earners, aiming to boost spending and economic growth. Critics warn of budget deficits.
Interest Rates and Inflation Fuel Economic Uncertainty
Rising interest rates and persistent inflation are creating economic uncertainty for Australians, with experts warning of further financial strain ahead.
Liquidations Listed in Golden Plains Council for May
A list of companies entering liquidation in the Golden Plains council area for May 2024 has been released, revealing businesses across various sectors.
Unfinished Mangerton Home Since 2012 Sparks Fury
A Mangerton home approved in 2012 remains unfinished, angering neighbours who say it's an eyesore and safety hazard in Wollongong.
Top Economist's Three Tests for Labor Budget
A leading economist has outlined three critical tests for the upcoming federal budget, challenging Labor to deliver on fiscal responsibility and cost-of-living relief.
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Surf Coast Liquidations Listed April 29
New liquidations in the Surf Coast Council area have been listed for April 29, covering various businesses including construction, hospitality, and retail sectors.
Treasurer Warns of More Cost-of-Living Pain as Inflation Surges
Treasurer Jim Chalmers warns Australians of more cost-of-living pain as inflation hits 4.6%, fueled by Middle East conflict, raising expectations of an interest rate hike.
Digital Economy Eroding Service Subsidies: Triggs
Economist Adam Triggs argues that the digital economy is undermining cross-subsidies that fund essential services, calling for policy reform to ensure sustainability.
Inflation Surge Sparks Rate Rise Fears in Australia
Australia faces potential interest rate hike as inflation surges to 5.2%, exceeding RBA target and triggering economic concerns.
Carpentaria Council Area Business Liquidations in April
Recent data reveals several business liquidations in the Carpentaria Council area during April, highlighting local economic challenges and financial distress.
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Michaelia Cash: Resources Available to Cut Debt
In a recent opinion piece, Michaelia Cash argues that Australia possesses the necessary resources and economic strategies to effectively reduce national debt and strengthen fiscal stability.
Red and Green Tape Strangles Australian Business Growth
Excessive regulatory burdens from both government and environmental policies are stifling Australian businesses, hindering growth and innovation across key sectors.
Economist Calls for $100B Budget Cuts to Fight Inflation
AMP chief economist Shane Oliver has called on Treasurer Jim Chalmers to slash $100 billion from the Federal Budget to tackle rising inflation, as the government faces pressure ahead of the May 12 budget release.
Stats Guy: Regional Australia's Economic and Social Shift
A new analysis by 'Stats Guy' shows regional Australia is undergoing significant economic and social changes, with population growth and job opportunities reshaping communities.
Morgan Stanley: Australian Firms Struggle with Cost Pass-Through
A new report from Morgan Stanley reveals Australian companies are finding it harder to pass on soaring costs to consumers now compared to the COVID-19 pandemic period, citing weaker demand and competitive pressures.
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Strong Aussie Dollar: Win for Drivers, Shoppers, Travelers
The robust Australian dollar is lowering costs for fuel, imported goods, and overseas trips, offering financial relief to consumers amid economic pressures.
Isaac Council Area Business Liquidations in April
Recent data reveals several business liquidations in the Isaac Council area during April, highlighting economic challenges in the region.
Tablelands Council Area Business Liquidations in April
Recent data reveals several business liquidations in the Tablelands Council area during April, highlighting economic challenges in the region.
Westpac's Luci Ellis Slaps Down Recession Talk After IMF Report
Westpac's chief economist Luci Ellis has firmly rejected recession concerns for Australia, following an IMF report that highlighted economic challenges but praised resilience.
WA Economy at Risk if Middle East War Continues to September
Oxford Economics warns Western Australia's economic luck could run out if the Middle East conflict rages to September, threatening key sectors like mining and trade.
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Intergenerational Fairness Report Warns of Debt Trap
A new report from the Centre for Independent Studies highlights the growing national debt burden, warning it could create a debt trap for future generations unless policy reforms are implemented.
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