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Investegate |Nat Australia Bank Announcements | Nat Australia Bank: NAB announces Citigroup agreement
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Can the feds deliver on budget promises on the ground?
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2021-22 Australian Budget Preview
By Gareth Aird, Head of Australian Economics at CBA
Key Points:
The 2021/22 Australian Budget is scheduled for release at 7.30pm (AEST) 11 May.
The Budget bottom line will be greatly improved because of the much better performing economy and significantly higher commodity prices.
Notwithstanding, more stimulus is expected to be announced, including an extension of the low and middle income tax offset (LMITO) as well as spending on child care, aged care, defence, infrastructure, rural and regional Australia, digital and targeted industry support.
Our point estimate for the underlying cash deficit in 2021/22 is $A78bn (3.7% of GDP).
Black Rock (ASX:BKT) share price falls on FIRB outcome
Aaron Teboneras | March 4, 2021 4:47pm |
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Black Rock Mining Ltd(ASX: BKT) share price has fallen in late afternoon trade. This comes after the company received news from the Commonwealth Treasurer on the POSCO equity investment. At the time of writing, the graphite developer’s shares are down to 14 cents.
Established in 2000, Black Rock is an Australian mining company focused on developing its Mahenge Graphite Project in Tanzania. It is known to be the world’s fourth-largest graphite resource. Thus, indicating huge potential for the future. Indeed, demand for graphite has grown considerably and is expected to double in the next decade. This is due to the strong adoption by consumers for batteries in electric vehicles and other emerging applications.