Aussies Most Confident in 16 Months After Budget, RBA Rate Cut

Australians are the most confident they’ve been since January 2014 after the central bank cut interest rates and the government announced a A$10 billion ($7.9 billion) boost for families and small businesses.

Australia central bank cuts growth forecasts

The Reserve Bank of Australia has lowered its growth and inflation estimates for 2015 and 2016, saying the economy will continue to grow at a subpar rate for a longer than expected period.

Abbott Australia Surplus Goal at Risk in Budget Impasse: Economy

Prime Minister Tony Abbott’s bid to put Australia back on a path to surplus is under threat from senators opposing A$40 billion ($37.6 billion) in savings.

Australia budget deficit blows out, deposit tax unveiled

SYDNEY: Australia said Friday its budget deficit has blown out to AUD 30 billion and revenues are shrinking, as it unveiled a pre-election mini-budget that includes a controversial plan to tax bank deposits.