Australian Federal Budget projected to hit $4 billion surplus

Published

3 years ago

May 9, 2023

ticker NEWS

This would be the first surplus in 15 years

Almost $15 billion in cost of living relief for Australians will form tonight’s federal budget.

Australia’s federal budget is projected to record a $4 billion surplus this financial year.

This would be the first surplus in 15 years.

The Albanese Government says they “have seen the Budget improve by more than $143 billion over four years to 2025-26.”

Pensioners, people on other income support payments, and small businesses will have their energy bills subsidised by up to $500, part of billions for cost of living relief.

The budget will include a $737 million package to crack down on vaping and reduce smoking.

The government says it will cost about $19 billion over an initial four-year period to start implementing defence changes.

That includes $9 billion for the AUKUS nuclear-powered submarine project and $4.1 billion for missiles and manufacturing.

The federal government says it wants to make Australia a “renewable energy superpower” and late last week it announced a plan to establish a “Net Zero Authority”.

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

23 hours ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar

News

U.S. and Ukraine advance new peace plan amid rising tensions

U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.

Published

23 hours ago

November 25, 2025

Harvey Vargas

U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.

U.S. and Ukrainian negotiators have made meaningful progress in Geneva, shaping an updated peace plan despite continued Russian strikes and growing geopolitical pressure. The talks represent one of the most significant diplomatic pushes in months as both nations work to narrow the remaining gaps in the framework.

While the proposal is being hailed as a breakthrough by some, leaders in Kyiv and parts of Europe fear it may tilt in Russia’s favour. Sensitive issues, security guarantees, and the controversial details of a leaked U.S. draft are now fuelling debate on both sides of the Atlantic.

With U.S. senators divided and European leaders deeply involved, the next steps will determine whether this framework becomes a workable path to peace or sparks further tension.

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#USPolitics
#PeaceTalks
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#Geopolitics
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News

Trump And Xi hold rare call to discuss Taiwan and global tensions

Trump and Xi’s rare call reignites focus on Taiwan, highlighting U.S.-China tensions and strategic priorities.

Published

23 hours ago

November 25, 2025

Harvey Vargas

Trump and Xi’s rare call reignites focus on Taiwan, highlighting U.S.-China tensions and strategic priorities.

A rare high-level call between President Trump and Chinese President Xi Jinping has reignited global attention on Taiwan and broader geopolitical tensions. The conversation marked the first direct exchange in months between the two leaders.

Xi placed Taiwan at the centre of the call, underscoring its significance to China’s national strategy. The Chinese leader reaffirmed Beijing’s long-held position that Taiwan’s path back to the mainland is essential for international stability.

The discussion sets the stage for potential shifts in U.S.–China relations as both countries reassess their strategic priorities.

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#Trump #XiJinping #Taiwan #ChinaUSRelations #Geopolitics #InternationalAffairs #GlobalTensions #TickerNews