Major Oil Surplus Seen This Decade as Demand Peaks, IEA Says
Breadcrumb Trail LinksPMN BusinessGlobal oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau…
HECS relief but universities, students still waiting for answers as budget reality dampens promise of historic ‘accord’
In short: $1.1 billion will be spent over five years on initiatives such as HECS relief, addressing "poverty placement" and better access to courses.A "needs based"…
Treasurer Jim Chalmers to temper great surplus expectations in pre-budget speech
Federal Treasurer Jim Chalmers is set to manage the expectations of a larger surplus in a pre-budget address, warning a decline in iron ore prices…
Western Australian Treasurer Rita Saffioti reveals $3.7 billion surplus in 2023-24 mid-year budget review
Western Australia's finances are continuing to go from strength-to-strength, with Treasurer Rita Saffioti handing down a healthy set of books in her first major test…
Bloomberg: Russian budget swings to surplus in spite of sanctions
India being the host country, the triumphalist tom-toming that G20 summit on September 9-10 was a “success” is both understandable and probably justifiable. Certainly, Indian…
Federal government reveals ’embarrassing’ surplus thanks to ‘barn-burning revenues’
In an extraordinary turnaround, updated financial statements show the government is swimming in cash.Key points:The underlying cash balance for the year to May (2022-2023) has…
Victorian budget 2023 hits big business and landlords to pay back COVID-19 debt
Big businesses, holiday-home owners and landlords will be asked to foot the bill for the Victorian government's COVID-19 debt, as part of a 10-year budget…
Australia flags first annual budget surplus in 15 years | Business and Economy
Treasurer Jim Chalmers says the country is on track for the first surplus since the global financial crisis in 2008. The Australian government has forecast…
Tasmania regains top spot as best-performing economy, CommSec’s State of the State report says
Tasmania has replaced Queensland at the top of CommSec's quarterly State of the States economic rankings, leading on business investment, dwelling starts and employment.Key points:Tasmania…