The chaotic election of a new Speaker in the House of Representatives has brought the prospect of an actual default and another global financial crisis closer than ever.
We find ourselves on the eve of a state election in which public debt is worrying a lot of Victorians,but the major parties are turning the other way and vowing to spend more.
China is Kenya’s top trading partner,and the African country owes more bilateral debt to China than to any other nation. The revelation is unprecedented.
Victoria has the highest debt as a proportion of its economy since the early 1970s. Does it matter? And what would the Treasurer and his shadow do about it?
Jim Chalmers says he would “seriously” consider the advice of a Treasury review into the petroleum resource rent tax,opening the door to increasing taxes on gas exporters.
Treasurer Jim Chalmers will reveal new forecasts on Tuesday night that show a significant improvement in the budget bottom line.
Lower than expected COVID-19 testing last financial year and a massive increase in stamp duty and payroll taxes has helped improve Victoria’s budget position.
Our readers want us to examine how to get the state budget under control,so we will quiz both sides of politics about what levers they intend to pull to shore up the state’s battered finances.
Momentum is building for Treasurer Jim Chalmers to make changes to the stage three tax cuts as the opposition accuses the government of “breaking a promise” at the election.
Proposals to alter the controversial cuts have not yet been considered by federal cabinet and the treasurer flies out to Washington,DC,on Tuesday.
The Reserve Bank bought almost $300 billion in government debt during the pandemic.