Australia Faces \$21.8 Billion Budget Deficit, Higher Taxes, and Service Cuts Imminent
Australia's mid-year economic and fiscal outlook reveals a \$21.8 billion budget deficit over four years, driven by increased spending and sluggish growth, necessitating tax increases and service cuts without fiscal reform; a surplus is not projected until 2034/35.
Australia Faces \$21.8 Billion Budget Deficit, Higher Taxes, and Service Cuts Imminent
Australia's mid-year economic and fiscal outlook reveals a \$21.8 billion budget deficit over four years, driven by increased spending and sluggish growth, necessitating tax increases and service cuts without fiscal reform; a surplus is not projected until 2034/35.
Progress
44% Bias Score
Australia's Budget Deficit Blows Out by \$22 Billion
Australia's mid-year budget review reveals a \$22 billion increase in projected deficits over the coming years, driven by increased government spending in areas like aged care and early childhood education, coupled with lower-than-expected tax revenue from sources such as tobacco excise and company ...
Australia's Budget Deficit Blows Out by \$22 Billion
Australia's mid-year budget review reveals a \$22 billion increase in projected deficits over the coming years, driven by increased government spending in areas like aged care and early childhood education, coupled with lower-than-expected tax revenue from sources such as tobacco excise and company ...
Progress
44% Bias Score
Australian Government Announces $83m Funding Boost for ABC
Australia's Labor government will provide the Australian Broadcasting Corporation (ABC) with an $83.1 million funding boost over two years, followed by $43 million annually, to secure its independence and stability, as recommended in a report due to be released on Tuesday.
Australian Government Announces $83m Funding Boost for ABC
Australia's Labor government will provide the Australian Broadcasting Corporation (ABC) with an $83.1 million funding boost over two years, followed by $43 million annually, to secure its independence and stability, as recommended in a report due to be released on Tuesday.
Progress
44% Bias Score
Australia's Budget Deficit Reaches \$26.9 Billion, Exposing Tax System Flaws
Australia's budget shows a \$26.9 billion deficit this year, rising to \$46.9 billion in 2025-26, driven by increased spending in healthcare and aged care, despite efforts to control growth; this creates political challenges for both the government and opposition, revealing flaws in the tax system.
Australia's Budget Deficit Reaches \$26.9 Billion, Exposing Tax System Flaws
Australia's budget shows a \$26.9 billion deficit this year, rising to \$46.9 billion in 2025-26, driven by increased spending in healthcare and aged care, despite efforts to control growth; this creates political challenges for both the government and opposition, revealing flaws in the tax system.
Progress
56% Bias Score
Australia's Myefo Report Shows Increased Budget Deficit Projections
Australia's mid-year economic and fiscal outlook (Myefo) reveals slightly larger budget deficits over the next three years than initially projected, primarily due to lower-than-expected company tax revenue from mining exports, highlighting the volatility of revenue streams and the need for broader f...
Australia's Myefo Report Shows Increased Budget Deficit Projections
Australia's mid-year economic and fiscal outlook (Myefo) reveals slightly larger budget deficits over the next three years than initially projected, primarily due to lower-than-expected company tax revenue from mining exports, highlighting the volatility of revenue streams and the need for broader f...
Progress
52% Bias Score