Judo Bank Economic Advisor Warren Hogan says raising commodity prices will be “too tempting” for Treasurer Jim Chalmers to “resist” in the upcoming May budget.
“Part of dealing with the structural budget deficit – you just revise up your long run assumption for iron ore from $55 to say … $65 ,” Mr Hogan told Sky News Australia.
“That will deliver them billions in extra revenue in the forward projections, which will help improve the budget deficit.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australians pay hefty price for Liberals’ failure to manage budget: Jim ChalmersTreasurer Jim Chalmers says the cost of servicing the debt left by the Liberals and Nationals will reach $112 billion over the forward estimates. 'This is the hefty price that Australians are being asked to pay for the Liberals' failures to manage the budget responsibly,' Mr Chalmers said during a press conference on Friday. 'These are the characters that left a trillion dollars in Liberal debt with not enough to show for it, and Australians are paying a hefty price for that.' The Treasurer highlighted that the government is working to address these budget pressures in a responsible and methodical way, focusing on priorities such as cost of living relief, investing in clean energy, and ensuring that the upcoming budget reflects the values of the nation.
Read more »
Jim Chalmers ‘not happy’ about interest rate hike for his budgetHerald Sun Business Commentator Terry McCrann says Treasurer Jim Chalmers was “not happy” about Tuesday’s interest rate rise and didn’t incorporate it into his budgetary thinking.
Read more »
Chalmers’ plan to end 15 years of deficit is a ‘good test for the government’Deloitte Access Economics Lead Partner Dr Pradeep Philip says Treasurer Jim Chalmers’ plan to end 15 years of deficit is a “good test for the government”. “Will they bank the majority of this to the bottom line and resist the urge to spend too much,” he told Sky News Australia. “Now one of the things that they announced in October if you look at the expenditure profile over the … estimates, it was pretty flat, but we do know that there are big pressures on the budget.”
Read more »
Chalmers flags further action against PwC over tax leaksThe Treasurer said what the firm’s partners did was “completely inappropriate” and that he had already privately told PwC of his displeasure.
Read more »
Jim Chalmers budget surplus expected ‘off the back’ of minersTreasurer Jim Chalmers’ budget surplus is expected to come “off the back” of miners, says Nationals Senator Matt Canavan. “You only have to look at the figures that if Jim Chalmers does deliver a surplus, it’ll be a high-vis surplus,” he told Sky News Australia. “It’ll be off the back of the hard work of the men and women in our mining industry that have delivered it. “Our mining industry now is exporting over $420 billion of exports last year, that’s up from $280 billion just a couple of years ago. “So that $140 billion increase in revenue for the country – the government’s take is a third of that.”
Read more »
Jim Chalmers troubled by the plight of women such as JaneYears of bringing up kids and looking after ageing parents and part-time work in lowly paid jobs create a toxic recipe for poverty among older women.
Read more »