Tags » Australian Economy

Much needed reduction in oil price

Australia and a number of other countries are experiencing a fall in the price of oil. This long awaited good news comes after a period of unhappiness about the direction in which Australia’s economy is headed. 195 more words

Australian Economy

MYEFO: Foreign aid slashed again, budget deficits to balloon in mid-year update

Treasurer Joe Hockey will slash foreign aid and reveal a massive blowout in this year’s deficit when he hands down his mid-year budget update today. 646 more words

Australian Economy

Choice consumer survey points to economic 'pessimism' as a third of Australians rate the economy 'poor'

New data points to falling consumer confidence in the Australian economy, with almost a third of Australians rating it as poor, up from 25 per cent in September. 355 more words

Australian Economy

Mathias Cormann confirms job cuts as government agencies face axe

Coalition to cull 175 government agencies on Monday, according to reports, in addition to 76 closed down following budget

The finance minister, Mathias Cormann, has confirmed there will be job losses across the public service amid reports the Coalition will axe 175 government agencies on Monday. 491 more words

Australian Economy

Slash and burn, slash and burn, 175 government agencies to be cut as Joe Hockey warns of worsening budget deficit

The Federal Government is planning to axe another 175 agencies in a bid to save more than half a billion dollars over four years.

Finance Minister Mathias Cormann is set to make the announcement as part of the Government’s budget update on Monday. 739 more words

Australian Economy


The Australian economy is heading down a slippery slope. Successive data released by the Australian Bureau of Statistics this week is all pointing in the same direction. 770 more words

Australian Economy