Deficit

The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment | AMP Capital

The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment Key points The Government now expects the Federal budget deficit to peak at $161bn this financial year (down from $214bn in October’s Budget) and fall to $107bn in 2021-22. The windfall to the budget from stronger growth is being spent on extra stimulus. Return to budget surplus looks more than a decade away. Key measures include more spending …

FinancialPartners 12/05/2021 12/05/2021 Blog / E - Economics / E - Insights Papers / E - Market Update / E - Oliver's Insights / FP - Financial Planning $161bn / Australian / Budget / Deficit / economic / Events / expects / Federal / Financial / Global / government / implications / Investment / Investment markets / key developments / Major global economic events / Major global economic events and implications / markets / outlook / Outlook for investment markets / peak / this / What to watch / Year

The Australian Government’s Mid-Year Economic and Fiscal Outlook – peak deficit has likely been seen

The Australian Government’s Mid-Year Economic and Fiscal Outlook – peak deficit has likely been seen Key points Reflecting the faster than expected Australian economic recovery, the Federal Government has upgraded its growth forecasts and downgraded its unemployment expectations. This in turn, along with higher than expected revenue from higher iron ore prices, has seen the expected budget deficit for this financial year revised down slightly to $198bn from $214bn. We have probably now seen the …

FinancialPartners 18/12/2020 18/12/2020 Blog / E - Economics / E - Insights Papers / E - Market Update / E - Oliver's Insights / FP - Financial Planning assumptions / Budget / Deficit / economic / Federal / government / MidYear / projections / updated

Trumponomics and investment markets

Trumponomics and investment markets Key points So far President Trump has been positive for share markets but this year the focus is increasingly shifting to populist policies with greater risk for investors. The key risks to keep an eye on in this regard relate to trade conflict and the expanding US budget deficit, although the latter is more a risk for when the US economy next turns down. However, the best approach for investors in …

FinancialPartners 27/07/2018 20/08/2018 Blog / E - Economics / E - Oliver's Insights Deficit / Investment / Investment markets / markets / risks / Trade war / Trade war risks / Trump / Trumponomics / Trumponomics and investment markets / US / US budget / USA

Federal Budget – what could it hold?

Federal Budget – what could it hold? Speculating about the likely look and feel of the 2016 Federal budget is fast becoming a national pastime. That’s largely because significant tax reforms are on the cards, with changes that could impact key wealth assets like property and superannuation. Any reforms are expected to help to plug the revenue gap created by the winding down of the resource boom, which has seen corporate profits (and consequently tax …