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The Latest Breaking News from Steven Kennedy

Energy boom behind major profits: Treasury

Treasury officials have been grilled about the drivers behind inflation and confirmed external supply side shocks as the chief cause.

New images show what it will be like to sit and watch a show at Bristol's arena

New images show what it will be like to sit and watch a show at Bristol's arena

More details have been revealed about the long-awaited arena

Michael Pascoe: Australian official briefed foreign power against RBA

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

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Treasury staff given small gifts of textbooks, macarons and champagne, documents reveal

A list of gifts received by federal Treasury staff show you don't go into public service to be lavished with exciting presents and riches.

We’ve got 501 problems

Good morning, early birds. New Zealand Prime Minister Jacinda Ardern is in Australia, and the NSW government is planning to invest $1.2 billion into renewable energy infrastructure. It’s the news you need to know, with Emma Elsworthy.

Grattan on Friday: If the Albanese government did what really needs to be done, it would be a very big target

Usually the speeches of treasury secretaries are relatively bland, echoes of their political masters. But an address this week from Steven Kennedy was something quite different.

The Conversation

Treasury calls bullshit on company tax cuts, wages growth

Treasury head Steven Kennedy has given a blunt appraisal of our fiscal choices. Three months ago he would have been sacked for it.

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OECD slashes global growth forecasts, urges Australia to keep shifting to renewable energy as Ukraine war continues

OECD slashes global growth forecasts, urges Australia to keep shifting to renewable energy as Ukraine war continues

The OECD says the war in Ukraine is a humanitarian disaster, and the economic shock will make inflation higher and more persistent

RBA's Lowe warns higher inflation ahead

RBA's Lowe warns higher inflation ahead

Reserve Bank governor Philip Lowe has warned higher rates of inflation are ahead, signally he will be keeping watch on data results in coming months.

RBA, consumers to give views on budget

RBA, consumers to give views on budget

The Reserve Bank will give its views on the budget when its board meets this week, as will consumers in the latest weekly confidence survey.

Inflation rise in June quarter: Treasury

Inflation rise in June quarter: Treasury

A Senate estimates hearing has been told higher global oil prices and supply-chain pressures are contributing to growing inflation.

Treasury says nation could soon enjoy a wages boom — they just don't know when

Treasury says nation could soon enjoy a wages boom — they just don't know when

The federal Treasury boss admits he does not know when Australia might enjoy wages growth – but says the country is the closest it has been in more than a decade.

Budget cuts could risk recovery: Treasury

Budget cuts could risk recovery: Treasury

Treasury secretary Steven Kennedy says the Australian economy has proved resilient in the face of disruptions caused by the COVID-19 Omicron variant.

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