HeyJaredJacob Shteyman
- Indexed articles, last 90 days
- 5
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- Sep 28, 2026
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- Jul 15, 2026
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Chalmers reveals $4.6billion windfall due to higher tax collections (opens the original)
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A stronger tax take means Australia's budget is in a better position than predicted a few months ago but higher interest rates will do the government's economic credentials no favours. Treasurer Jim Chalmers and Finance Minister Katy Gallagher revealed the underlying deficit came in at $22.3billion in the last financial year, as they released the 2025-26 final budget outcome on Monday. The budget bottom line was $6billion better off than it was projected in May, largely thanks to a $4.6billion b
Aussies brace for rate hike after GDP result piles pressure on RBA (opens the original)
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Australia's gross domestic product grew by 2.1 per cent in the last financial year, further cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects. Gross domestic product expanded by 0.4 per cent in the June quarter, the Australian Bureau of Statistics reported on Wednesday. The result was above consensus forecasts for a 0.3 per cent increase, as well as Reserve Bank projections for annual growth of 1.9 per cent. After higher-than-expected Jul
Reserve Bank issues warning to Australia about 'too high' inflation (opens the original)
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More interest rate hikes may be needed to get inflation under control, the head of the Reserve Bank of Australia has warned, as the Middle East oil crisis risks pushing prices higher. Ahead of a crucial inflation data release, RBA governor Michele Bullock said underlying inflation had evolved broadly as expected since May. 'But it is still too high,' she said in a speech on Tuesday to the Anika Foundation Fundraising Lunch in Sydney. After three rate rises since February, the labour market had e
Labor premier breaks ranks to slam Albanese government's tax policy (opens the original)
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Calls are growing for the federal government to cut the tobacco excise to kill off the nicotine black market, with a Labor leader trashing the tax. NSW Premier Chris Minns said the 'massive' excise on legal cigarettes was fuelling illicit tobacco, in his latest broadside on the federal government policy. 'It feels sometimes like we're standing on a beach trying to stop the tide from coming in,' he told ABC Radio on Wednesday. Various studies have exposed the proliferation of black market tobacco
List of Australia's highest paid CEOs revealed (opens the original)
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Chief executives of Australia's top companies saw their pay packets swell by 16 per cent in a year, far outpacing the wages of the workers they employ. The median ASX100 CEO earned $4,800,898 in the 2024-25 financial year, a report compiled by Ownership Matters for the Australian Council of Superannuation Investors (ACSI) revealed on Wednesday. That was 45 times higher than the average annual earnings for a full-time worker of $106,657, which grew by 3.8 per cent in the year to November, accordi
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