Treasurer Josh Frydenberg has been warned that repairing the budget bottom line could hinder the economy and the Reserve Bank.
Ahead of the end of the JobKeeper wage subsidy program,the jobless rate fell to 5.6 per cent in March – though full-time employment also fell.
It was less than a year ago that the April job figures showed 600,000 jobs disappearing. A year on,the jobs market is rapidly improving.
Australia is being urged to rebuild out of the coronavirus pandemic by cutting taxes for big business,sinking more money into the education of disadvantaged children and overhauling its approach to climate change.
The Australian economy has roared back from the depths of the coronavirus recession,but new forecasts suggest it will now become a grind back to normality.
The US has helped drive fresh impetus for a G20 plan to overhaul the global corporate tax system aimed at multinational business tax practices.
Australian businesses have produced a plan for a high-level trade mission to China,but political tensions between the two nations present some difficulties.
A reduction in draught beer excise could give the struggling hospitality sector a significant boost at relatively small cost to the budget,the industry says.
The mining giant has taken the unusual step of making its own submission to the Treasurer ahead of the budget,urging a regional investment allowance.
The role and importance of the central bank is little understood,but a number of economists and experts are claiming it has failed the country.
As the economy adjusts to the end of JobKeeper and other business support schemes,sectors still affected by pandemic disruptions are bracing for job losses and business closures after Easter.