The federal government knows people are doing it tough. Inflation and interest rate pressures have put the cost-of-living at the forefront of voters’ minds. As the national accounts data shows, disposable income has fallen. Households have been forced to run down their savings. The household savings ratio has hit its lowest level in 16 years. […]
Budget update forecasts deficit of $1.1 billion this financial year
The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning. This is an improvement of $12.8 billion compared to the deficit forecast in the May budget. It suggests the final figure for the financial […]