Talk about fortuitous timing. There’s an election looming and a budget situation long portrayed as a disaster suddenly on the mend. But what to do with this sudden bounty? Repair the finances and bolster the balance sheet in case the global economics winds turn nasty? Or give way to temptation and indulge the…
In an interview with Fairfax Media, Treasurer Scott Morrison said infrastructure spending would qualify as good debt in Tuesday night’s budget but that he was bringing spending under control to prevent the use of bad debt to cover ongoing expenses. I will be reducing net debt. I will be ensuring debt is under control, he…
If you feel like youre drowning in debt, youre not alone. A 2017 survey conducted by Souqalmal.com revealed that more than half of the respondents have a Debt Burden Ratio of more than 50 percent. Thats not all – 76 percent of the respondents had missed at least one debt repayment in the past. Debt…
On the eighth anniversary of the euro-areas biggest bailout, Greece is closer than ever to breaking free from its creditors oversight and trying its luck raising money on its own. But, as Aug. 20 — its exit day — nears, clarity is in short supply, feeding uncertainty over how easily Athens can return to normalcy.…
ARE we really rolling in money all of a sudden? Not really. Apparently the government coffers are filling up with an unexpected surge of tax, described in one publication as “humungous”. Treasurer Scott Morrison is like a 10-year-old kid that finds 10 bucks. Yes, he’s excited, and sure, it’s the most money he’s ever had…
ARE we really rolling in money all of a sudden? Not really. Apparently the government coffers are filling up with an unexpected surge of tax, described in one publication as “humungous”. Treasurer Scott Morrison is like a 10-year-old kid that finds 10 bucks. Yes, he’s excited, and sure, it’s the most money he’s ever had…
Sexy office perks like free food, gym classes and tropical retreats are so last year. These days, a growing number of companies are offering employees a more practical incentivehelping them pay off their student loans. San Mateo-based Coupa Software this year rolled out a new program that contributes $50 a month toward eligible employees’ student…
Putting tax cuts before debt repayment will generate economic growth, help compensate for flat wages and reduce the “great risk” to the economy posed by a high tax burden, Treasurer Scott Morrison says. In a pre-budget interview with AFR Weekend, Mr Morrison defended the decision to prioritise tax cuts while he described as “a dangerous lie” Labor’s plans to increase taxes to pay down…
“Were we to proceed on a business-as-usual approach, we would see deficits out forever, and debt ballooning to levels which would impoverish our children and grandchildren, Malcolm Turnbull warned shortly after the 2014 budget. Since then, the 10-year forecast for government debt has climbed even higher – to $684 billion – on the latest Treasury…
Water Corporation will help pay and clear outstanding customer debt as part of a raft of new programs available to people struggling to pay their water bill from July 1. Three new programs will be available to customers experiencing hardship including the start-over program where the corporation will assist in matching payments over a two-year…