Dental assistants, community services workers, pharmacists and psychologists are in line for biggger increases down the track.
Articles on Inflation
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Spikes in inflation are often blamed on government borrowing to deliver cash handouts. But it’s more complicated than that. The real issue lies in borrowing without a plan to balance the books.
The tax cut will be worth $52.60 per fortnight for an Australian on the median wage. Next Monday’s pay rise might be worth another $65.50.
Only one-third of the top economists surveyed give Jim Chalmers’ third budget an A or a B, down from two-thirds in 2023. Many say it left big issues unaddressed.
UK inflation fell to 2.3% in the year to April – but it doesn’t necessarily mean the squeeze on household finances is to end.
Both should work hand in hand to ensure the best outcomes for the economy as a whole. But they operate quite differently.
In normal times, a boost in government spending would boost inflation. The budget papers show these are not normal times.
Investors, homebuyers and central bankers all have reason to be irritated by the latest data, and inflation isn’t licked just yet. But the numbers also show reason for optimism.
Branding experts have long used visual cues to communicate with consumers – but the rising cost of living is changing the nature of their messaging.
The budget projects deficits way out into the future with scarcely any measures in place to contain them.
Fears abound that cutting rates could tank European currencies, but there’s a a greater risk for them to take seriously.
Tuesday’s budget will show there has been an improvement of $10.5 billion in the bottom line. The update forecasted a deficit of $1.1 billion for 2023-24.
Holding up Labor’s female vote will be vital, Treasurer Jim Chalmers has declared Tuesday will bring “a budget for mums and middle Australia”.
Although it’s rooted in legitimate grievances, the ‘Steal from Loblaws Day’ campaign is not only illegal, but also fails to achieve its intended objective and risks undermining economic stability.
Victoria is in huge debt but the government is keen to keep spending to stave off worsening unemployment.
The federal government has announced plans to change the way debts are indexed. But it may not help students over the long term.
The Federal Reserve doesn’t appear eager to cut rates.
New Zealand’s history of inflation, recessions and unemployment offer clues to what might happen next. Coupled with global events, the outlook is not promising.
Australia’s inflation rate has halved, but it’s falling more slowly than it was, and previous high inflation is set to push up student debt.
In this podcast, we're joined by independent economist Chris Richardson to discuss the upcoming budget and Australia's economic outlook.
Top contributors
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Professorial Fellow, University of Canberra
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Senior lecturer, Canberra School of Government, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Associate Professor, School of Economics, University of Sydney
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Professor of Economics & Business, Allegheny College
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Associate Professor of Business, Boston University
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Associate Professor of Finance, Mississippi State University
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Senior Lecturer in Economics, The Open University
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Visiting Professor at the Business School, University of the Witwatersrand
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Professor of Economics, University of Nebraska Omaha
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Lecturer in Economics, Monash University
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Professor of Economics, University of Canberra
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Associate Professor, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Associate Professor of Economics, Pace University