The Latest Breaking News from Deficit

Alan Kohler: Jim Chalmers delivers a responsible budget, with no repair and no relief

The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.

The New Daily · Oct 25, 2022

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

The Guardian - AU · Oct 25, 2022

Chalmers’ budget debut enlivens a ‘safe change’ agenda and lays the groundwork for more

Jim Chalmers promised a “bread-and-butter” budget, but he is unlikely to have disappointed Labor’s faithful by delivering it.

The New Daily · Oct 25, 2022

Budget deficit this financial year to be $36.9 billion

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

The Conversation · Oct 24, 2022

Treasurer to deliver a $42 billion dent to budget deficit

Treasurer Jim Chalmers will deliver on election commitments but emphasise spending restraint and preserving an improved fiscal position.

The New Daily · Oct 24, 2022

Budget deficit to halve this financial year but spending pressures mean boost will be short-lived

Jim Chalmers’ first budget to reveal $42bn improvement to bottom line across forward estimates but conditions will deteriorate after two years

The Guardian - AU · Oct 24, 2022

Alan Kohler: Deficits and debt are about politics, not economics

Chalmers' budget has no surpluses, only deficit and debt. His “big national conversation” needs to be about why that’s OK.

The New Daily · Oct 23, 2022

Analysis: Biden sharpens final midterms pitch by ramping up rhetoric, touting economic gains

WASHINGTON — President Joe Biden is sharpening his final sales pitch for next month’s midterm elections, casting himself as fully in control of a solid economy even as economists and Republicans warn of a coming recession.

Tribune News Service · Oct 21, 2022

US budget deficit plunges to $1.38 trillion as pandemic aid unwinds

WASHINGTON — The U.S. budget deficit saw a record reduction for the 2022 financial year, a second straight annual drop that reflects the drying up of COVID-related aid spending alongside a surge in revenues propelled by wage and employment gains.

Tribune News Service · Oct 21, 2022

‘Mega MAGA trickle-down’: Biden sharpens final midterms pitch - Roll Call

President Biden is casting himself as managing a solid economy even as Republicans and economists warn of a coming recession.

Roll Call · Oct 21, 2022