Budget update will revise down company tax receipts but treasurer Chalmers welcomes economy’s ‘soft landing’

By Michelle Grattan, Professorial Fellow, University of Canberra

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.

In his Wednesday ministerial statement on the economy, the forecasts remained subdued but Treasurer Jim Chalmers emphasised the upside.

Chalmers said any growth was welcome, given many countries’ economies have gone backwards. Treasury was expecting a gradual recovery “driven by rising real incomes thanks to our cost-of-living relief, jobs growth and progress bringing inflation down,” he said.

Consumer…

Read complete article

~	Politics with Michelle Grattan: Special Minister of State Don Farrell on getting ‘big money’ out of elections

~	What is methanol? How does it get into drinks and cause harm?

~	Saudi Arabia: Public Investment Fund Linked to Abuses

~	Uzbekistan Targets 'Undesirable' Foreigners and Stateless Persons

~	Syria Violating World Court Order

~	Tajikistan: Tajik Activist Deported from Germany Jailed

~	Iran: Flurry of New Death Sentences

~	Stop the hate before its too late: Thoughts on Transgender Day of Remembrance from Amnesty researcher Shreshtha Das

~	Hong Kong: 45 Democracy Advocates Harshly Sentenced

~	Nigeria ranks lowest among Sub-Saharan African countries in women’s representation in parliament