commodity prices

The federal budget deficit forecast for this financial year has been slashed to just $1.1bn, all but guaranteeing Jim Chalmers will deliver back-to-back surpluses.In a move designed to ease inflationary pressures, the Mid-Year Economic and…

A prominent Australian economist has feared the Reserve Bank of Australia’s (RBA) “over egged” Tuesday’s interest rate rise, which now has the “genuine” potential to push the country into a recession. Stephen Koukoulas, who was previously…

Nearly one third of the largest companies in Australia paid no income tax in 2021-22, according to the Australian Taxation Office (ATO).It’s not unusual for large companies to pay no income tax in a given year, since income tax is paid on…

India is constantly showing resilience and growing above the pre-pandemic level of GDP growth during the post pandemic and geo-political developments, according to a report by PHD Chamber of Commerce and Industry. It said that per the IMF…

Consumer prices in India are showing further signs of moderation, giving the central bank room to keep rates on hold after an aggressive tightening campaign dampened demand and muddled the wider outlook for the economy. Inflation rose 4.76%…

Hello and welcome to our budget live blog.Prime Minister Anthony Albanese and Treasurer Jim Chalmers will hand down their second budget tonight, with Labor on the cusp of delivering country’s first surplus in 15 years.The turnaround has…

Labor has been accused of “lowballing” in its plans to collect billions of dollars from gas producers by bringing forward a key industry tax.Crossbench MPs have said the Albanese government should have gone harder after it announced it…

Hundreds of thousands of Australians could be about to score an increase to their welfare payments in Tuesday’s federal budget.In recent days, reports emerged that the budget would likely include an increase of $3.70 a day to JobSeeker…

Thousands of working families will miss out on electricity bill relief worth up to $500 in the budget under an income threshold cut-off.News.com.au can reveal the winners and losers under the billion-dollar energy relief package designed to…

Tuesday’s budget is set to reveal that more than $17 billion in savings will be diverted in order to fund a suite of higher-priority measures. While the Treasurer has remained tight lipped over whether he’ll hand down the first surplus…