abc.net.au/news/treasurer-jim-chalmers-flags-new-budget-strategy/101488492The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.
The budget rules, or fiscal strategy, sets out guiding principles and targets, including reducing debt, "controlling" growth in spending, keeping a lid on tax and making "productivity-enhancing" investments.One of the most rigid elements of the strategy inherited from the Coalition — a strict cap on total tax receipts of 23.9 per cent of gross domestic product — is likely to be maintained, despite Dr Chalmers repeatedly calling the number arbitrary.
The recent run of historically low and falling unemployment numbers may soon come to an end, with the treasurer warning the updated budget forecasts will show "consequences for unemployment" from what he described as "difficult" circumstances in the global economy.
Not worth replying to.
No, it can't.
New Labor strategy: Tax and Spend. Never been tried before. Can’t wait to see how that turns out.
'His position on stage 3 tax cuts hasn't changed' he will implement them. Well our position on voting for a AustralianLabor has changed. A Labor government that implements LNP's 240 billion signature tax cuts then slash & burn services to fund it is no Labor Government. smh
Tax the effing RICH you bastards and stop taking my hard earned!!!
Taxcutstaxcutstaxcuts...what a hill to choose to die on
This guy’s a professional waffler, on par with his predecessor!!
Is it a plan? Albo said he had a plan. Or is this a new plan? Or is Zippy the Pinhead just flapping and squawking like a headless chicken?
More Wayne Swan surpluses coming 😂🤦♂️
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Budget boost no reason to continue excise cut: ChalmersTreasurer Jim Chalmers is holding firm on the petrol excise, despite an improving budget bottom line. Good. The fuel companies price gouged all through this situation. Why give them more opportunity. They haven't passed on savings to the consumer Of course not, Jim has got to cut services & support to families to fund his 240 billion high income tax cuts that includes every politician. Just imagine what 240 billion invested in life changing services like Medicare, NDIS, Aged, hospitals & social housing could achieve. smh
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Record tax collections won’t translate into budget surplus: ChalmersThe treasurer has cautioned voters against expecting the federal government to deliver a budget surplus before the middle of this decade. | swrighteconomy and rachelclun auspol swrighteconomy rachelclun But scrapping 240 billion in obscene and unaffordable high income tax cuts will help the budget. And allow investment in life changing essential services. With trillion dollar debt, endless budget deficits, cost of living crisis, families are struggling everyday. SkyNewsAust swrighteconomy rachelclun Lol try the middle of this century swrighteconomy rachelclun Well you may as well Fuckin Resign as you will not be needed if your not up to the Roll your employed to do so your income can now be going to our Debt instead of us Paying DEAD WOOD!!!!
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Record tax collections won’t translate into budget surplus: ChalmersDespite record company and personal tax collections, Treasurer Jim Chalmers has cautioned voters against expecting the federal government to deliver a budget surplus before the middle of this decade Chalmers has a very expensive virtue-signalling agenda Standard stuff for a new government and treasurer Ofcourse. It’s because the spending will also increase under socialist govt looking to pamper the leaner class by taxing the hard working middle class more
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Kwasi Kwarteng tells City investors he is ‘confident’ his economic strategy will work - business liveUK’s chancellor tells leading bankers, insurers and asset managers that long-term strategy to drive growth through tax cuts will work Happiness is achieved when your aims and in life are determined, still doubting the efficiency of my words ? Give it a try and have the satisfaction you can obtain for yourself Joshua_encrypt am happy at last I have found a company am recovering my lost money from
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Multinational tax avoidance a threat to budget bottom line: Leigh“Dodgy” behaviour by multinationals and large businesses trying to avoid tax, is limiting the government's ability to fund services for ordinary voters, Assistant Treasury Minister Andrew Leigh has warned. | Report by swrighteconomy swrighteconomy Our Govt take enough tax from ordinary Australians to fund essential services Perhaps our Govt should reduce wasteful spending & funding of garbage projects & programs Yes, big business should pay their share More money will never be enough for our wasteful Govts auspol swrighteconomy Well we’ve all known that for years, that and the huge billion dollar subsidies for companies that are making $billions in profit and paying either little or no tax and who suffers? Us as politicians always ensure funding is available to them. It’s time this stopped. swrighteconomy What is the reason for this dodgy behaviour of multinationals.Greed?
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