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Economy
Why is Clean Energy Council not pleased with federal budget?
May 12, 2021 03:11 PM AEST| By Team Kalkine MediaSummary The Clean Energy Council has highlighted the Federal Budget allocation to the renewable energy sector as a missed opportunity. Allocation of AU$1.2 billion has been made for a reduction in carbon emissions. There is a lack of adequate .....
Federal Budget: Tech shares roar as Govt moves to bridge skills gap
May 12, 2021 12:07 PM AEST| By Furquan MoharkanIn his Federal Budget speech, Australian Treasurer Josh Frydenberg said that the Scott Morrison-led Liberal Party government would be investing AU$1.2 billion in “Australia's future through the Digital Economy Strategy”. The move has se.....
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
May 12, 2021 09:05 AM AEST| By Team Kalkine MediaSummary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc.....
Federal Budget 2021-22: Who are the major winners?
May 12, 2021 12:52 AM AEST| By Furquan MoharkanAustralian Treasurer Josh Frydenberg tabled the Federal Budget in the House of Representatives on Tuesday. Total revenue for 2021‑22 in the federal budget has been pegged at AU$496.6 billion, while the total expenses are expected to be AU$589.3 b...
Federal Budget 2021: Australia gets nearly AU$1 billion digital boost
May 11, 2021 11:12 PM AEST| By Team Kalkine MediaSummary 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?
May 11, 2021 11:03 PM AEST| By DaminiThe 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
May 11, 2021 10:58 PM AEST| By Team Kalkine MediaSummary 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
May 11, 2021 09:26 PM AEST| By Furquan MoharkanWith 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.....
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Jobs-Driven Federal Budget 2021-22: What it Means for the Economy
May 11, 2021 09:20 PM AEST| By DaminiThe 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
May 11, 2021 08:10 PM AEST| By Furquan MoharkanThe 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 .....
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A look at three ASX infra stocks ahead of Federal Budget
May 11, 2021 07:16 PM AEST| By Sonal SinhaSummary 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
May 11, 2021 06:42 PM AEST| By Furquan MoharkanThe 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...
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Will Australia’s Deficit Shrink as Economy Recovers?
May 11, 2021 06:27 PM AEST| By Team Kalkine MediaMarking 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
May 11, 2021 05:35 PM AEST| By AayushOn 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
May 11, 2021 05:20 PM AEST| By Furquan MoharkanThe 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
May 11, 2021 05:05 PM AEST| By Tripti JoshiThe 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?
May 11, 2021 04:10 PM AEST| By SukritiSummary 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
May 11, 2021 02:19 PM AEST| By Team Kalkine MediaSummary 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
May 11, 2021 12:10 PM AEST| By AshishAustralian 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
May 10, 2021 03:41 PM AEST| By AshishSummary 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......
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