The 2022 Federal Budget has spent big to ease the number one topic on the minds and wallets of ordinary Australians: the soaring cost of living. However, not everyone came out on top in this year’s budget. Here’s a breakdown of the biggest winners –
When is the Australian Federal Budget 2022? The 2022 Federal Budget will be held earlier than usual: Tuesday 29 March. It is normally delivered on the first Tuesday in May. BDO releases an annual Budget report and reviews the key measures in a webinar. Follow BDO on LinkedIn and Twitter for all updates
From the Treasurer’s speech to the depths of Budget Paper No. 4, Australia’s Federal Budget appears impenetrable. But for some people, 29 March 2022 Federal Budget night is an opportunity to dive into the intricacies of how around half a trillion dollars in Commonwealth taxes
JOSH FRYDENBERG: Well, good morning. Tonight’s Budget will demonstrate that growth is higher, unemployment is lower, and wages are strengthening. We will be banking the dividend of a stronger economy with a material improvement to the budget bottom line. Deficits will be lower and debt
Businesses in Sydney and Melbourne CBD have seen a boost in spending as pandemic restrictions ease and more workers return to offices in the two major cities. Businesses in Sydney and Melbourne’s CBDs welcomed more customers back through their doors last week, with sales up
As federal budget night approaches, the Council of Small Business Organisations Australia (COSBOA) has released an abridged version of its submission to the Treasurer. COSBOA CEO Alexi Boyd said “We’re at a historic moment in time where we risk losing small businesses from our communities.
Australian Gross Domestic Product (GDP) rose 3.4 per cent in seasonally adjusted chain volume terms in the December quarter 2021, according to figures released by the Australian Bureau of Statistics (ABS) today. Sean Crick, acting head of National Accounts at the ABS, said: “After experiencing
The Australian Economy – December quarter 2021 Australia’s economy grew during the December 2021 quarter. Gross Domestic Product (GDP) increased 3.4% in the December quarter compared to the September quarter 2021. At the end of 2021, the Australian economy was 3.4% bigger than it was
The seasonally adjusted Wage Price Index (WPI) rose 0.7 per cent in December quarter 2021, with an annual growth rate of 2.3 per cent, according to data released today by the Australian Bureau of Statistics (ABS). Michelle Marquardt, Head of Prices Statistics at the ABS,
It’s Federal Budget season, and the nation’s small businesses are pondering whether there’s any good news on the horizon for what’s shaping up to be another challenging year. The Federal Budget sets out the estimated expenditures and revenues for the Treasury over the coming financial
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