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“We are better placed to meet the economic challenge”: Australia’s Federal Budget

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The Australian treasurer has announced a big spending budget to help get the country back on track.

The government has announced more than $53 billion in new stimulus payments and funding for key services.

Here’s what you need to know

International borders are likely to remain shut for at least 12-months.

The Treasurer promised $8 billion in new tax cuts for low and middle income earners and more than $20bn in further tax breaks for small businesses.

Mr Frydenberg released an 81-page women’s budget statement, featuring $1.1bn for women’s safety, a $1.7bn investment in childcare and $350m for health and wellbeing measures.

The treasurer says the economy is recovering.

‘Australia’s economic engine is roaring back to life’

As a share of the economy, net debt is around half of that in the United Kingdom and United States and less than a third of that in Japan.

“We are better placed than nearly any other country to meet the economic challenges that lie ahead”

tHE TREASURER SAYS.

The Treasurer says that Consumer sentiment is at its highest in 11 years.

“Business conditions reached record highs. And more Australians are in work than ever before.”

The cost to the economy will be huge, the federal deficit is set to reach $161 billion in 2021

The good news is the deficit will be $53 billion lower than expected.

Debt is set to skyrocket again. Net debt to increase to $617 billion.

That’s 30 per cent of GDP this year, and will peak at above 40 per cent.

The treasurer painting a grim picture of Australia’s debt situation, but says it’s nothing compared to overseas countries.

Strong focus on digital economy

The government is focusing on the new economy as part of its recovery plan, announcing over a billion dollars for digital infrastructure.

The government announced a $117.8 million spend over the next four years into artificial intelligence, or AI.

Under the package, Australia’s first Artificial Intelligence Action Plan will be created, which will see the development of world-leading AI projects.

The government has been praised for its decision to invest in the digital economy.

Tony Makin from Griffith University says digital investment is “essential” for productivity growth.

Winners now… but losers later? The reaction.

Makin says the Federal Budget has “too much spending” and not enough attention on other critical areas of the economy

MAKIN’S RESPONSE TO THE FEDERAL BUDGET

Australia’s Sarah Hanson-Young says environment is the big loser in tonight’s budget.

https://twitter.com/sarahinthesen8/status/1392057373653495815

Similarly, Australian politician and former industrial lawyer who is the leader of the Australian Greens and federal MP for Melbourne has shared his response on twitter to the government stating the budget ‘invests in the people’.

Australia’s opposition leader, Anthony Albanese says the budget is “just more of the same from a tired old government”

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PM initiates royal commission on anti-Semitism and unity

PM announces royal commission to address anti-Semitism and social cohesion following pressure from various communities and leaders

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PM announces royal commission to address anti-Semitism and social cohesion following pressure from various communities and leaders

In Short:
– Anthony Albanese has announced a royal commission into anti-Semitism and social cohesion, led by Virginia Bell.
– The inquiry aims to foster unity in Australia amid rising tensions and concerns from various community groups.
Anthony Albanese has initiated a commonwealth royal commission into anti-Semitism and social cohesion following mounting pressure.

The inquiry, announced in Canberra, will be led by former High Court justice Virginia Bell, despite opposition from some Jewish groups.The Prime Minister stated the need for a royal commission was essential for promoting unity within Australia, particularly after engaging with families of Bondi attack victims and the Jewish community.

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He confirmed discussions with NSW Premier Chris Minns and expects the single commission to run over the next 12 months, with further comments from Mr Minns anticipated soon.

The prime minister has been asked if he’s still worried a royal commission would fuel antisemitism.  Anthony Albanese insists he doesn’t want the inquiry to weaken social cohesion.

“The royal commissioner will bear in mind how hearings are conducted in the processes of their conduct,” Albanese says.

“We have been working on this for weeks. I have been engaged with the community.”

The prime minister was questioned about whether it was a mistake to reject calls for a royal commission into antisemitism.  Following the Bondi terror attack, the federal government faced pressure to establish such a commission. 

Anthony Albanese stated that the government has implemented various measures within the 25 days following the attack.

“We have increased funding for security agencies. We have had daily briefings of the National Security Committee,” Albanese says.

“The Commonwealth have particular resources and one of the groups and individuals I’ve spoken to as well have been people outside of New South Wales,” he says.

Highly-respected former High Court judge Justice Virginia Margaret Bell is the PM’s pick to lead the royal commission.

Sustained advocacy

This decision comes after sustained advocacy from various groups, including victims’ families, former leaders, and prominent figures across sectors.

Over recent weeks, Albanese and his team had put forth several arguments against a royal commission, such as concerns over divisiveness and potential exposure of sensitive information.

Gamel Kheir from the Lebanese Muslim Association has suggested that a broader inquiry into all forms of “minority religion” discrimination is needed, expressing wariness within the Muslim community regarding the federal inquiry’s focus.

Broad Support

A significant number of community and cultural organisations back a royal commission addressing social tensions and discrimination related to the Israel-Gaza conflict.

In support of this sentiment, nearly 50 diaspora and faith groups released an open letter urging a thorough examination of rising anti-Semitism and related issues following the Bondi Beach terror attack.


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U.S. keeps Greenland in focus as Rubio signals all options remain

US sharpens focus on Greenland; Rubio emphasizes ongoing strategic interest ahead of diplomatic talks with Denmark.

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US sharpens focus on Greenland; Rubio emphasizes ongoing strategic interest ahead of diplomatic talks with Denmark.


The United States is sharpening its focus on Greenland, with Secretary of State Marco Rubio confirming that Washington is keeping every option on the table. His comments come ahead of a high-level diplomatic meeting with Danish leaders next week.

The visit is seen as a signal of President Donald Trump’s ongoing strategic interest in the Arctic territory, which holds growing geopolitical and security significance as global competition in the region intensifies.

While the administration has not outlined specific next steps, the message from Washington is clear that Greenland remains firmly on the US agenda.

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#Greenland #USPolitics #MarcoRubio #Arctic #Geopolitics #USForeignPolicy #WorldNews #Ticker


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U.S. seizes Venezuelan oil tankers Marinera and Sophia amid legal turmoil

U.S. seizes two oil tankers linked to Venezuela, escalating efforts against oil smuggling and raising international legal concerns.

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U.S. seizes two oil tankers linked to Venezuela, escalating efforts against oil smuggling and raising international legal concerns.


In a dramatic escalation of its campaign against Venezuelan oil smuggling, the U.S. has seized two oil tankers linked to Caracas. The Russian-flagged Marinera — formerly known as the Bella-1 — was captured in the North Atlantic after a weeks-long chase by U.S. forces, who allege it was violating sanctions tied to Venezuelan and Iranian oil. This rare high-seas seizure has drawn international attention due to the change of flag and the involvement of Russian maritime interests.

Meanwhile, a second vessel, the Sophia, was taken in the Caribbean in a coordinated operation against alleged sanctioned shipments. U.S. authorities describe these moves as part of a broader effort to clamp down on illicit oil flows and enforce sanctions by interdicting vessels before they can deliver crude to sanctioned buyers. The Sophia was reportedly operating with its tracking systems off, a tactic used in “dark fleet” smuggling operations.
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While the White House defends the operations as necessary to uphold sanctions and curb illicit oil trafficking, legal experts and foreign governments — especially Russia — are questioning the legality of boarding and seizing foreign-flagged ships in international waters. The debate over maritime law and sanctions enforcement is heating up as the U.S. signals it will continue to aggressively target Venezuela’s oil network.

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#VenezuelaOil #USSeizure #Marinera #OilSmuggling #InternationalLaw #TrumpAdministration #GlobalPolitics


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