Tag · 2 stories
#Deficit
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Current account deficit blows out in December
Australia’s current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia’s economic growth figures for the quarter. With GDP figures […]
David Olsen · 2 min
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No maternity pay but boost for pensioners
Department of Family and Community Services head Jeff Harmer will submit a review this week, with an expected recommendation to increase the single aged pension by up to $35 a week. The estimated cost to the government will be $2 billion a year for every $10 a week increase. The Productivity Commission’s final report on […]
Adeline Teoh · 2 min