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The Mid-Year Economic and Fiscal Outlook (MYEFO) is primarily a budget update, but sometimes can be a mini budget with further changes or more policy initiatives. In fact this time there is $4.7 Billion of Government policy initiatives that we don’t yet know about. Hopefully more announcements will come, but the boost to the budget …
Under budgetry pressure and balancing election promises, NSW Treasurer Daniel Mookhey has been walking that fine line. $5.4 Billion dollars is going to families, with more childcare and innovations such as co-locating with existing primary school land. If you want to get over the Blue Mountains however, the traditional carpark bottleneck around Blackheath will be …
NSW Budget boon for Families – bust for infrastructure Read More »
Most economists were predicting a further hold on Interest rates and were wrongfooted by Govenor Philip Lowe’s RBA Board decision. There now seems to be a groundswell of pushback as those already crunched by interest rates are becoming more and more desperate. It also makes the budget for Treasurer Jim Chalmers an even more diabolical …
It was confirmed yesterday that the top band of super over $3 million would be taxed at 30% up from 15% currently. In the lead up to last years election PM Anthony Albanese said that there would be no changes to super, so many were caught by surprise with this measure. Treasurer Jim Chalmers is …
The latest report from Commsec on the State of the States shows Queensland‘s economy surging ahead with a 35% increase in economic growth over the last decade’s average. South Australia‘s strong lead in Housing and Construction have moved it up to third position just behind a resurgent Tasmania. Highlights in Victoria centre around a big …