Business Daily Media

The Times Real Estate

.

Is this the right budget for these economic times? We asked 5 experts

  • Written by Matt Garrow, Editorial Web Developer

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

But they will add another A$17 billion to the deficit over coming years, in addition to a raft of previously announced spending measures and very little savings.

That is against a backdrop of the most uncertain global economic outlook since the Global Financial Crisis of 2007–08. Australia may face a real economic shock if trade wars trigger recessions in our major trading partners.

We asked five experts if this is the right budget for these economic times. Only two agreed, with three saying much more is needed to address long-term structural debt and meaningful economic reform.

Authors: Matt Garrow, Editorial Web Developer

Read more https://theconversation.com/is-this-the-right-budget-for-these-economic-times-we-asked-5-experts-252922

UNSW startup accelerator offers $200K to the next generation of Australian deeptech unicorns

UNSW Founders, Australia’s most recommended startup accelerator, has partnered with fund manager Luminary Partners to invest $200,000 each into 18...

The Future Is Now: AI Modernization Is Reshaping How Business Gets Done

The present business environment imposes stronger requirements on Australian organizations to match the fast-paced digital-first economy requireme...

Businesses losing an average of $493k from data integrity flaws

Managing data responsibly and effectively for the AI age can give organisations a strong competitive advantage, but many are failing to harness th...

AI shopping disruptor Zyft raises $7.5M to lead the next gen of retail tech

Zyft appoints new CEO, Richard Stevens, to lead the latest Waller Group success story, valued at $30 million SYDNEY, 28 April 2025: Zyft, the lea...

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Sell by LayBy