Australian budget

CBA Senior Economist and Senior Currency Strategist, Kristina Clifton, has published research estimating the amount of capital expenditures needed for Australia to transition to ‘net zero’ carbon emissions.

The gloss has come right off Albo the Disaster now: The states are demanding a new GST deal that would cost the Commonwealth another $5 billion a year, further straining Anthony Albanese’s claim that he would be better at wrangling the premiers than his predecessor Scott Morrison.

Following nine years of financial incompetence from the Andrews Labor Government, Victoria is drowning in debt with the nation’s lowest credit rating: Victoria has the nation’s largest state debt (Source: Alex Joiner).

The Age reports that home owners in Melbourne’s growth suburbs owe tens of millions of dollars in overdue rates amid soaring mortgage stress.

For years, MB has lamented how the public sector’s historical reputation for “frank and fearless advice” has been usurped by propaganda and paid assessments from consultants geared towards a certain political aim.

Last month, the RBA annual report revealed that the two top executives of the Bank received a pay rises of more than 10%: “During his final year as governor, Philip Lowe took home $1,147,465 in base pay, bonuses, superannuation and other payments.

Earlier this week, Treasurer Jim Chalmers effectively blamed the states and the former federal government for fueling inflation via their infrastructure construction programs: “I do think we’re going to need to make some difficult decisions about the infrastructure pipeline”.

Victoria is drowning in debt as a result of the Andrews Labor Government’s nine years of financial incompetence.

Pressure continues to build on new Victorian Premier, Jacinta Allan, to cancel former Premier Dan Andrews’ Suburban Rail Loop (SRL) project.

Jacinta Allan was was formally sworn in as Victoria’s 49th premier and only its second female leader on Wednesday evening, after being elected unopposed by Labor’s caucus.

There are two key reasons why the federal government loves high immigration. First, immigration expands the economy as measured by GDP (more inputs in people means more outputs in GDP).

Why is Australia so bad at building infrastructure?

The thought of lighting up a dart gives me the willies.

The Australian Association of Convenience Stores has reported that tobacco sales were down 19.8% in the June quarter, following a 13.7% decline in the March quarter.

The retirement system in Australia is built on the assumption that the majority of people will own their homes.

The mainstream media is awash with articles scaremongering over Australia’s ageing population. They have received advanced copies of the 2023 Intergenerational Report (IGR), which will be released publicly on Thursday by Treasurer Jim Chalmers.

Health Services Union executive Gerard Hayes recently pushed for the introduction of a Medicare-style aged-care levy.

It would be difficult to find a larger swindle than Australian pharmacies.