government spending

Jim Chalmers has conceded wealthier Australians will benefit the most from the stage three tax cuts but suggested the policy will protect people on lower incomes from bracket creep.The Albanese government has not made any changes to the…

Government spending needs to be drastically cut and taxes will have to rise to prevent a “persistent structural deficit” which could see Australia’s bottom line sink by around $70 billion a year. A respected think tank has said there are…

In the 2023 federal budget, the Trudeau government vowed to find savings of more than $15-billion over four years. It may want to start with the phone bill.In 2022, the federal government spent more $165-million for more than 944,000…

Global Affairs Canada has no sense of whether development aid meant to help women and girls abroad is actually advancing gender equity, according to an audit tabled in Parliament on Monday morning. “It was highly problematic that…

Westpac has made a surprise call on interest rates – lowering its forecast that the cash rate will be hiked as high as 4.1 per cent.Instead, the major bank has predicted interest rates will peak at 3.85 per cent and that the Reserve Bank of…

A Channel 9 news presenter has broken down in tears during an interview with a distraught restaurateur who had been forced to close his business due to rising costs. Davina Smith was visibly moved as an emotional Rocky Pitarelli said…

The cost of living crisis is forcing some Australians to sell collectable items such as designer handbags, Lego and exclusive sneakers – and they’re earning as much as $25,000, according to a new report.A report from eBay Australia,…

Bank of Canada Governor Tiff Macklem is reminding Canadians it’s not his job to be a part of the federal government’s spending decisions. He made that point clear at Wednesday’s finance committee meeting, where he was summoned to…

Procurement Minister Helena Jaczek’s office is pledging to work with a parliamentary committee if it adopts a motion the Conservative leader says is coming shortly seeking a probe into reports of contracts given to consulting firm…

Conservative Leader Pierre Poilievre says his party’s MPs will ask a parliamentary committee to study  federal contracts given to the consulting firm McKinsey, following recent media reports describing a spike in awards to the company…