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The article discusses the upcoming decision that the Albanese government in Australia will have to make regarding the Stage 3 tax cuts. The choice between supporting financially struggling Australians or keeping an election promise will have significant implications for the country. The article highlights the shrinking household budgets and the negative impact on ordinary Australians' buying power. It also mentions the absence of the low and middle-income earner tax offset this year, which will result in average earners losing out while the rich benefit from the tax cuts. The article suggests alternative options that could benefit a larger portion of the population and reduce future budget deficits. It emphasizes the importance of reacting to changing economic circumstances rather than strictly adhering to promises. [Extracted from the article]

The article discusses the 2015-2016 Federal Budget of the Australian government. It states that the federal budget aims to reduce budget deficits over the next five years by increasing level of revenue and reducing government expenditure. It mentions the areas of the government expenditure in the 2015-2016 budget, including general public services, social security, and defence.

Australia's center-left Labor government is planning to increase spending in an effort to win back voters ahead of the upcoming election. The government's budget will swing into a deficit of A$28.3 billion in fiscal 2025, increasing to A$42.8 billion in the following year. The deficits are driven by cost-of-living relief and funding for health and frontline services. However, critics argue that the budget is inappropriate for the current economic climate and could result in higher interest rates. The government's spending includes measures to reduce energy bills and support for critical minerals and defense. Despite the deficits, Australia still maintains a AAA credit rating and is in a better fiscal position than many other developed economies. [Extracted from the article]

Australia's center-left government is implementing a range of spending measures in an attempt to win over voters ahead of an upcoming election. The government's budget will swing back to a deficit of 1% of GDP in fiscal 2025, increasing to 1.5% in the following year. The deficits are driven by cost-of-living relief and addressing unavoidable spending pressures. The government is also investing in initiatives such as the Future Made in Australia program and support for critical minerals. Despite the deficits, Australia's fiscal position is still stronger than that of other developed economies, and the country maintains a AAA credit rating. [Extracted from the article]

The article discusses the several aspects of government financial mismanagement in Australia. It offers a brief fiscal history of the country and explores the contributing factors in the fiscal problems of the previous governments including the increase in the budget deficits and public debt during the late 1980s and early 1990s. It also argues that the nation's budget problems are usually caused by the excessive government spending.

The article focuses on the federal Budget in Australia for 2017-2018. Topics discussed include Treasury forecasts of budget surpluses, a predicted deterioration of the projected deficits in the short term, the amount the government will raise through a 0.06 per cent levy on bank liabilities and the reason it is a tax on property landing.

Australia is poised to bring to a close its longest stretch in the red since at least 1970 when Treasurer Josh Frydenberg hands down his budget to parliament in Canberra Tuesday evening. The underlying cash balance will record a surplus of A$4.6 billion ($3.3 billion), about 0.2 percent of gross domestic product, in the year through June 2020, according to the median estimate of economists surveyed by Bloomberg. [Extracted from the article]

(Bloomberg) -- An economic surge driven by the lifting of China's Covid Zero restrictions isn't sufficient to offset the impact on Australia's budget of global weakness, Treasurer Jim Chalmers said in the run up to the release of the fiscal blueprint. Chalmers may announce Australia's budget has returned to surplus for the first time in 15 years on Tuesday night, benefiting from surging tax revenues from commodities exports and a persistently-strong labor market. [Extracted from the article]

Treasurer Jim Chalmers will forecast a surplus of around A$4 billion ($2.7 billion) in the 12 months through June 2023 when he hands down the budget at 7:30 pm local time Tuesday at Parliament House in Canberra. (Bloomberg) -- Australia is headed for its first budget surplus since 2008 as windfall tax revenue from a fully employed economy and elevated commodity export prices combine to swell the government's coffers. [Extracted from the article]

Treasurer Jim Chalmers will forecast a surplus of around A$4 billion ($2.7 billion) in the 12 months through June 2023 when he hands down the budget at 7:30 pm local time Tuesday at Parliament House in Canberra. (Bloomberg) -- Australia is headed for its first budget surplus since 2008 as windfall tax revenue from a fully employed economy and elevated commodity export prices combine to swell the government's coffers. [Extracted from the article]

Treasurer Jim Chalmers, who will hand down his second budget on Tuesday, is currently examining potential changes to a petroleum resource rent tax to try to generate more tax revenue from the energy industry. (Bloomberg) -- Australia's fiscal coffers will see a windfall gain from tax revenue due to high commodity prices and low unemployment, Deloitte Access Economics said, even as the nation's long-term structural deficit worsens. [Extracted from the article]

(Bloomberg) -- Australia's fiscal coffers are rapidly refilling as high commodity prices and near-full employment bring windfall tax revenue, raising the possibility of the country recording its first budget surplus in 15 years. St. George Senior Economist Pat Bustamante forecasts the 2022-23 budget bottom line to be a small surplus of 0.1% of GDP, compared with an estimated deficit of 1.5% of GDP at the October budget. [Extracted from the article]

Polls suggest a state election on Saturday in New South Wales, Australia's most populous state that includes Sydney, could end 12 years of center-right rule. (Bloomberg) -- Prime Minister Anthony Albanese's center-left Labor party is on the cusp of holding power in every mainland state and territory for just the second time in the party's 120-year history. That would mean all of the nation's six states and two territories bar one - the island state of Tasmania - would be under Labor rule. [Extracted from the article]

(Bloomberg) -- Australia faces mounting debt and deficits in the years ahead even as Treasurer Jim Chalmers scrimped and saved in his first budget to hold down spending and avoid further fueling inflation. The budget deficit will widen from 1.5% of gross domestic product this fiscal year to 2% of GDP in 2024-25, driven by higher spending on the nation's disability insurance program and rising borrowing costs, Treasury figures showed. [Extracted from the article]

(Bloomberg) -- Australia faces mounting debt and deficits in the years ahead even as Treasurer Jim Chalmers scrimped and saved in his first budget to hold down spending and avoid further fueling inflation. The budget deficit will widen from 1.5% of gross domestic product this fiscal year to 2% of GDP in 2024-25, driven by higher spending on the nation's disability insurance program and rising borrowing costs, Treasury figures showed Tuesday. [Extracted from the article]