
Ballooning capital works blamed for budget blowout
A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.
A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.
Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.
The Reserve Bank's interest rate settings are appropriate but the battle against inflation is not yet won, a check-up of Australia's economic health has found.
Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.
Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.
Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.
Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.
While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.
The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.
Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.
The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".
After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.
Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.
A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.
The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.
The Australian economy looks to have narrowly missed a quarter in decline based on economic indicators released ahead of official growth figures.
Faster growth in China's economy than expected over the third quarter suggests a recent flurry of policy measures is helping to bolster a tentative recovery.
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
Prime Minister Chris Hipkins, who has promised a "bread and butter" focused government, is pledging a "no frills" New Zealand budget next month.
Federal Treasurer Jim Chalmers has rejected a call from his Victorian counterpart to urgently reassess the GST system amid claims it favours Western Australia.
Higher borrowing costs would slow budgets returning to surplus in Australia's two most populous states, an independent credit agency has warned.
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
A Senate estimates hearing has been told higher global oil prices and supply-chain pressures are contributing to growing inflation.
Prime Minister Scott Morrison says his government is fully aware of the cost of living pressures Australians are facing and is promising a budget response.
Data shows one million Australian properties across 30 local government areas are flood-prone, and NSW and Queensland are not the only places at risk.
Commonwealth Securities quarterly State of States report has found Tasmania topping the ladder for the eighth consecutive quarter.