Economy


 Federal Budget 2021: Australia gets nearly AU$1 billion digital boost

Federal Budget 2021: Australia gets nearly AU$1 billion digital boost

May 11, 2021 11:12 PM AEST| By Team Kalkine Media

Summary The government has committed to invest AU$111.3 million to launch Consumer Data Right (CDR) across the economy. The budget proposes to invest AU$200.1 million to enhance the myGov service and AU$301.8 million to enable th.....

 Federal Budget 2021-22: What’s in Store for Pandemic-Hit Sectors?

Federal Budget 2021-22: What’s in Store for Pandemic-Hit Sectors?

May 11, 2021 11:03 PM AEST| By Damini

The Australian government’s big-spending Federal Budget 2021-22 is finally out! The budget is primarily focused on creating jobs and bolstering economic growth after COVID-19. At the same time, the recently announced budget aims to build Aust.....

 Federal Budget 2021: Frydenberg promises AU$30bn in tax cuts to boost spending

Federal Budget 2021: Frydenberg promises AU$30bn in tax cuts to boost spending

May 11, 2021 10:58 PM AEST| By Team Kalkine Media

Summary The government commits AU$7.8 billion in personal income tax cuts to support more than 10 million low- and middle-income earners. The tax cut will allow single taxpayers to receive AU$1080 tax offset, while dual-income couples.....

 Federal Budget: Focus on health, jobs; deficit at 4.3% of GDP

Federal Budget: Focus on health, jobs; deficit at 4.3% of GDP

May 11, 2021 09:26 PM AEST| By Furquan Moharkan

With federal government focusing on healthcare, social sector, jobs and infrastructure development the budgetary deficit of Australia is pegged at 4.3% for 2021-22, 30 basis points lower than the actuals of 2020-21. Total revenue for 2021‑22 in th.....

 Jobs-Driven Federal Budget 2021-22: What it Means for the Economy

Jobs-Driven Federal Budget 2021-22: What it Means for the Economy

May 11, 2021 09:20 PM AEST| By Damini

The Australian government has recently released its 2021-22 Federal Budget, which retains the momentum of the nation’s economic recovery. In the latest budget, the government has announced lower taxes for hard-working Aussies besides provi.....

 Federal Budget: Healthcare takes priority amid COVID-19

Federal Budget: Healthcare takes priority amid COVID-19

May 11, 2021 08:10 PM AEST| By Furquan Moharkan

The Australian government has prioritised the spending on the healthcare, as COVID-19 pandemic has highlighted the fallacies in the global health infrastructure. In the Federal Budget 2021-22 the Australian Treasurer Josh Frydenberg said that the .....

 A look at three ASX infra stocks ahead of Federal Budget

A look at three ASX infra stocks ahead of Federal Budget

May 11, 2021 07:16 PM AEST| By Sonal Sinha

Summary Treasurer Josh Frydenberg would deliver the budget this evening, focusing on a 10-year infrastructure program. The government is expected to announce a package worth AU$10 billion for multiple infrastructure projects and job creation. .....

 Federal Budget: Key Terms Explained

Federal Budget: Key Terms Explained

May 11, 2021 06:42 PM AEST| By Furquan Moharkan

The Scott Morrison-led Liberal government would be presenting the Federal Budget with the aim of boosting the economic recovery, as the country continues to shake off the pandemic blues. The budget is something that impacts everyone, but because of...

 Will Australia’s Deficit Shrink as Economy Recovers?

Will Australia’s Deficit Shrink as Economy Recovers?

May 11, 2021 06:27 PM AEST| By Team Kalkine Media

Marking the next phase of the Australian recovery, the budget deficit is expected to decrease given the high-speed economic recovery of Australia. Treasurer Josh Frydenberg stated that the economy is set to report a record budget deficit in the cu.....

 Australia budget 2021-2022: Stocks to watch

Australia budget 2021-2022: Stocks to watch

May 11, 2021 05:35 PM AEST| By Aayush

On Tuesday, Treasurer Josh Frydenberg would be delivering the budget 2021-2022 in quest to add more fuel to the economic recovery after severe disruptions caused by the restrictions imposed in the wake of the COVID-19 pandemic. In the forthcoming b.....

 Federal Budget 2021: jobs, infrastructure in for major boost

Federal Budget 2021: jobs, infrastructure in for major boost

May 11, 2021 05:20 PM AEST| By Furquan Moharkan

The Australian Federal Budget 2021-22 is likely to focus on job creation, as the federal government aims at further stimulating the recovery path. With the government aiming to shrink the unemployment rate below-5% in the country, it comes as no s.....

 Federal Budget 2021 to breathe new life into Australia’s aged care industry

Federal Budget 2021 to breathe new life into Australia’s aged care industry

May 11, 2021 05:05 PM AEST| By Tripti Joshi

The 2021-22 federal budget is likely to inject billions of dollars into the Australian economy as the government tries to strengthen the country’s economic recovery after the recession witnessed last year. Treasurer Josh Frydenberg will deliv.....

 Will Federal Budget Add More Firepower To Australia’s Property Sector?

Will Federal Budget Add More Firepower To Australia’s Property Sector?

May 11, 2021 04:10 PM AEST| By Sukriti

Summary Australia's federal budget update is due today, wherein Treasurer Josh Frydenberg will reveal the plans to boost jobs and economic growth. The Federal Government's infrastructure dedication and details of key new infrastructure projects.....

 New Zealand’s Retail Expenditure Zooms Up In April 2021

New Zealand’s Retail Expenditure Zooms Up In April 2021

May 11, 2021 02:19 PM AEST| By Team Kalkine Media

Summary April 2021 recorded a huge surge of NZ$6.1 billion in New Zealand’s retail card spending. The apparel and fuel segment noted the largest number of consumers’ expenditure. Retail sector raking in benefits through schemes lik.....

 Australia Federal Budget 2021: Here are nine things to know

Australia Federal Budget 2021: Here are nine things to know

May 11, 2021 12:10 PM AEST| By Ashish

Australian Treasurer Josh Frydenberg will present the 2021-22 Federal Budget on Tuesday amid expectations that coronavirus pandemic would force Canberra to shrink its spending. The ‘pandemic budget’, which would be tabled in the lower h.....

 What boosted Australia’s retail sales, business confidence despite coronavirus

What boosted Australia’s retail sales, business confidence despite coronavirus

May 10, 2021 03:41 PM AEST| By Ashish

Summary The Australian retail sales soared in March and measure of business conditions hit a record high in April, despite the end of the Australian government’s support programme for jobs. The retail turnover surged 1.3% in March from 1......

 New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze

New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze

May 10, 2021 03:00 PM AEST| By Sonal

Summary The New Zealand government has drawn enough criticism from several workers on extending the pay freeze to the public sector. The step has been taken to lessen the pay gap amongst income groups. Robertson is denying claims of the NZ gov.....

 Housing Crisis Deepens in New Zealand

Housing Crisis Deepens in New Zealand

May 10, 2021 02:22 PM AEST| By Roma

Summary Housing crisis in the country hits new lows. The average house price witnessed a sharp surge. According to predictions, things could get better in the near future. New Zealand housing crisis seems far from over with ever increasin.....

 Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021

Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021

May 10, 2021 12:44 PM AEST| By Sonal

Finance Minister Grant Robertson, at a pre-budget speech in Auckland, stated that obtaining recovery and investing in the welfare of Kiwis was the emphasis of Budget 2021. He announced that there would be more regular spending and capital investment...

 ZEVs Can Be A Driving Force To Attain Canada’s Emission Targets

ZEVs Can Be A Driving Force To Attain Canada’s Emission Targets

May 09, 2021 07:09 PM AEST| By Team Kalkine Media

Promises can be easy to make, a little challenging to keep. And when the promise is as ambitious as having net zero greenhouse gases emission by year 2050, challenges too are enormous. When Prime Minister Justin Trudeau recently pledged that Canada...

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