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Federal budget 2021-22: Unpacking where money s being spent, and what it means for you

Big builds? You better believe it. How do we pay for all this largesse? Thank the sugar hit from iron ore. Prices exceeded $US200 per tonne last week, driven by global demand and lower Brazilian output due to COVID-19. It’s hard to believe iron ore prices were “only” $US80/tonne in April 2020. Australia’s iron ore exports reached $AU116 billion in 2020, with Chinese imports exceeding 2019 totals, despite considerable bilateral trade friction. Federal revenue growth from resources exports means budget repair should be more rapid. COVID-19 measures drove the 2020-21 budget into a $213 billion deficit, but strong minerals prices (despite coal’s fall) should improve the bottom line by $30 billion-plus. Moreover, Australians boosted household savings at a record rate in 2020, banking $130 billion, raising total deposits to more than $1.1 trillion.

Federal budget 2021-22: Unpacking where the money s being spent – Monash Lens

How do we pay for all this largesse? Thank the sugar hit from iron ore. Prices exceeded $US200 per tonne last week, driven by global demand and lower Brazilian output due to COVID-19. It’s hard to believe iron ore prices were “only” $US80/tonne in April 2020. Australia’s iron ore exports reached $AU116 billion in 2020, with Chinese imports exceeding 2019 totals, despite considerable bilateral trade friction. Federal revenue growth from resources exports means budget repair should be more rapid. COVID-19 measures drove the 2020-21 budget into a $213 billion deficit, but strong minerals prices (despite coal’s fall) should improve the bottom line by $30 billion-plus. Moreover, Australians boosted household savings at a record rate in 2020, banking $130 billion, raising total deposits to more than $1.1 trillion.

Did Swiggy call you Suryakant too? Here s why it misaddressed many of its customers today

Karuna SharmaMar 10, 2021, 17:37 IST Swiggy mistakenly addresses all its customers by one name ‘Suryakant’ As Swiggy misaddressed its users, addressing many as Suryakant, Twitterati was left scratching their heads. Here’s what happened.Email is the primary form of communication for businesses and organisations of all sizes to their internal and external stakeholders. But what happens when you misaddress a client or customer in your email? You’ll get fired or will be politely asked to resign. Here’s what happened when Swiggy made that mistake. Bengaluru-based food delivery platform sent out an email today referring to all its customers by one name ‘Suryakant.’

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