Josh Frydenberg has promised the upcoming budget will tackle the one topic every Australian is talking about right now, while forecasting debt to fall quicker than expected.
Economic data released on Thursday showed unemployment was at 4 per cent – the equal lowest rate since records began in 1978.
Stream more political news live & on demand with Flash, Australia's biggest news streaming service. New to Flash? Try 1 month free now Mr Frydenberg said low unemployment and “strong commodity prices” - which were higher than forecast – were significantly improving the budget's bottom line and driving Australia's debt levels down below the forecast of $99.2b.
While jobs figures are at record lows, including the lowest female unemployment rate – 3.8 per cent – since 1974, increases in cost of living continues to put pressure on Australian households.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2022 updates live: Frydenberg commits to temporary cost of living relief (edited)Omicron BA.2 sub-variant continues to push up cases in NSW and Victoria; Frydenberg promises temporary targeted inflation relief promised in Budget; QLD $483m Urannah Dam to be funded in federal Budget; Unions push for 6 per cent pay rises. Follow updates here.
Read more »
Petrol prices won’t crash the housing market – it’s renters who will suffer mostThe sharp increases in cost of living brought about by petrol price rises will hurt the bottom end of the housing market: those in private rentals and homeowners in outer suburbs.
Read more »
Petrol prices won’t crash the housing market - it’s renters who will suffer mostThe sharp increases in cost of living brought about by petrol price rises will hurt the bottom end of the housing market: those in private rentals and homeowners in outer suburbs. |OPINION by Emma Dawson, executive director at Per Capita
Read more »
Treasurer speaks after one-off cash payment to millions of Aussies flaggedTreasurer JoshFrydenberg has told sunriseon7 the government “will be taking steps to alleviate those cost of living pressures.” auspol 7NEWS
Read more »