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The Latest Breaking News on Economy

Budget 2023: Budgeting for difficult times is hard – just ask Chalmers

Surplus or not, the budget papers show us living through pretty awful times.

The Conversation

Australia flags first annual budget surplus in 15 years

Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.

Al Jazeera

What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

Australia forecasts first annual budget surplus in 15 years

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years

The Independent UK

Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it

If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most

The Guardian - AU

Inside the Canberra bubble: what happens in the federal budget media lock-up?

Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions

The Guardian - AU

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - AU

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Fears relief could add to inflationary pressures – as it happened

This blog is now closed.

The Guardian - AU

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

Newsroom.co.nz

Workers to get real wage lift ahead of schedule

Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which

The New Daily

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Conversation

White House warns of catastrophic recession if US defaults on debt

The White House says a default would cause a self-perpetuating crisis because the government couldn’t borrow money to help Americans deal with the resulting recession

The Independent UK

Labor accused of playing ‘footsies’ with Australia’s major challenges if it pursues risk-averse budget

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

The Guardian - AU

Dates of all strikes taking place this month - from nurses to train drivers

Nurses embarked on another round of strike action yesterday, and other groups are soon to follow

Liverpool Echo

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The Hindu

Tread a new path, one that prioritises social justice

The post-COVID-19 world has only caused more problems and if we are to shape a new, more stable, and equitable world, the world must choose one that prioritises social justice

Birmingham Post

Northern Ireland budget will stymie economic growth, say business bodies

Reduced Westminister funding reignites calls for restoration of the Stormont Executive

Birmingham Post

Opinion: Chris Hobson of East Midlands Chamber says the green shoots of recovery are finally poking through

'Sales are steadily growing, cashflow is improving and price pressures continue their gradual drop-off'

The Independent UK

Treasury secrecy hindered aspects of Covid-19 response, think tank says

The Institute for Government said the Treasury’s unwillingness to share analysis undermined Government decision-making in response to the pandemic.

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StockNews.com

3 Equipment Stocks Unlikely to Recover From Pending Recession

The likelihood of a recession later this year is high due to the expected interest rate hikes and the tighter credit standards. A recession will put immense pressure on the profitability of equipment manufacturers. Therefore, it could be wise to avoid fundamentally weak equipment stocks FuelCell Energy (FCEL), Solid Power…

ABC News

Labor considering single-parenting payment, rent assistance changes in budget

The finance minister says the government is looking seriously at a recommendation to expand the single-parenting payment to more mothers, acknowledging it is "hard" to live on the current JobSeeker rate.

The Denver Post

Has Denver lost its edge? Colorado’s biggest counties are losing population

The entire northern Front Range, especially metro Denver, was a hot spot coming out of the Great Recession, drawing in young workers from all over the country. But that important driver of economic growth last decade looks like it has stalled and in some areas reversed.

ABC News

Jim Chalmers is a man on many missions. Here's what the treasurer's been up to ahead of the budget

Will Treasurer Jim Chalmers be able to please everyone with his May budget? He's certainly trying very hard to cover a lot of economic ground beforehand.

Kiplinger

Three Reasons Inflation May Be With Us Longer Than We Think

Shifts in the labor market, the transition to renewable energy and changes in China present long-term challenges for the U.S.

Axios

White House economists: There isn't a "missing worker" problem anymore

It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.

The Guardian - AU

Victoria budget expected to slash spending on infrastructure, public service and health

Daniel Andrews warns of ‘very difficult measures’ in May budget as government works to get state finances on track post-Covid

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