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budget deficit

Sunday, December 03

Incredible shrinking deficit: Coal, property supercharge Qld revenue spike

The Queensland government has trimmed its deficit due better than expected coal royalties and a booming property market, but warns the Omicron and new Covid-19 variants could create headwinds.

Treasurer coy on whether tax cuts figure in election strategy

Treasurer Josh Frydenberg is set to hand down an improved budget position when he releases his mid-year budget review this week, but isn’t about to say whether further tax cuts are likely.

Treasurer Josh Frydenberg will present his fourth Budget on Tuesday night. (Photo: AAP Image/Mick Tsikas)

Economy to end year on the rebound as budget deficit is cut by $16 billion

Australia is showing all the signs of a robust economic comeback from this year’s pandemic-induced slowdown, with growth forecasts being upgraded, employment looking healthier and this year’s budget deficit $16 billion smaller than what the Government said it would be just a few weeks ago.

This may be as bad as it will get for jobs in Qld, says economic forecast

Queensland’s unemployment is as bad as it’s likely to get but at least one region was likely to see a jobless rate approaching 20 per cent, according to economists at Conus Consultancy.

We're $700 billion in the red, and deficit is our deepest since WWII

Australia will suffer a $184.5 billion deficit – and nett debt will reach almost $700 billion – as the coronavirus drives a wrecking ball through the economy.