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Yesterday treasurer Jim Chalmers announced his fourth budget, which is very much focused on ensuring the Albanese government doesn’t suffer the negative reaction at the polls other incumbent governments around the world have experienced during a period of high inflation. Stephen Hill asked chief economist Professor Tim Harcourt of the Institute for Public Policy and …
Senator Jane Hume has characterised the Budget 2025 as one for 5 weeks and not 5 years. The Federal Election looms over this budget and must be held prior to May 17. Treasurer Jim Chalmers budget has plunged deeply back into the red after two modest surpluses, but seeks to provide some cost of living …
Shadow Finance Minister Jane Hume Dismayed at Tax Cuts – Budget 2025 Read More »
The pressure that has been mounting on the Government to relieve cost-of-living increases intensified as the legislated stage 3 tax cuts for those above $45k incomes become due to kick in. Following a disastrous 2023, Anthony Albanese called a snap caucus meeting to map out strategy for the upcoming year. On the agenda is a …
Oxfam Australia’s latest annual report on wealth inequality shows billionaires in Australia have doubled their wealth since 2020, despite a global pandemic and the cost of living crisis. The report, called ‘Inequality Inc,’ revealed billionaires have increased their wealth by 70%, while many everyday Australians struggle to put food on the table. Oxfam is calling …
Australian Wealth Inequality Worsens Amidst Cost of Living Crisis Read More »