The sad demise of the once great Australian Treasury macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Politics by Matthew Killoran
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Subscriber only Tax cuts are coming for everyday Australians, but a trillion dollar debt burden is all but unavoidable which will lead to consequences for future generations. Treasurer Josh Frydenberg will hand down a big spending, jobs-focused Budget today as he seeks to lock in Australia s recovery from the worst recession since the Great Depression. The Courier-Mail understands the budget deficit is on track to fall to about $160 billion, well down on the $197 billion forecast in December. But economists warn the trajectory towards $1 trillion debt will likely be reached within just a few years.
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News by Janelle Miles & Michael Wray 5th Feb 2021 4:32 AM
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Subscriber only Hotel quarantine guests face limits on the number of times they can open their doors under new protocols triggered by fears the Houdini-like COVID-19 virus could escape into hallways.
The Courier-Mail understands the report into the Hotel Grand Chancellor coronavirus cluster recommends changes to tighten hotel quarantine protocols, including ensuring guests wear masks when they open their doors, even when they are picking up linen or meals left outside. But it found no smoking gun of blame. It comes as hotel quarantine problems is set to dominate the National Cabinet agenda today and after Prime Minister Scott Morrison left the door open to using Toowoomba for supplementary capacity for international arrivals.
It s too soon to declare the recession over, but things are looking good
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Opinion
December 16, 2020 11.00pm
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It’s that time of year again when finance columnists, such as my good self, need to fess up and reveal how our predictions for the year fared against reality. I’m feeling pretty good about mine. On January 9 this year, I made this bold prediction: There is a higher than usual chance things are about to get very weird. Like, deeply weird.
Winner!
Credit:
Although, it s perhaps less a testament to my future-seeing abilities and more to my wisdom to know that newspaper opiners should proffer their opinions in sufficiently vague tones.