Connect with us

Uncategorized

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

Published

on

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.

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”

Uncategorized

Japan court rules ban on same-sex marriage is allowed

Published

on

There are concerns for equality in Japan after a court ruled a ban on same-sex marriage is not unconstitutional.

It’s a major blow for the country’s gay couples, with Japan remaining the only G-7 member nation not to allow people of the same sex to wed.

This is all despite wide-sweeping opinion polls which show a majority of the public is actually in favour of marriage equality.

Several regions have now begun issuing partnership certificates in an attempt to help impacted couples rent properties together and gain hospital visitation rights.

This most recent case in Osaka was brought forward by three same-sex couples, two male and one female.

Japan’s constitution currently defines marriage as being based on “the mutual consent of both sexes”.

The court found marriage is still defined as being only between opposite genders… noting not enough debate on same-sex marriage has taken place in the country to warrant changing this.

Under current rules, same-sex couples living in Japan are also unable to inherit their partner’s assets, and have no parental rights over their partner’s children.

Continue Reading

Uncategorized

‘Sesame Street’ put a twist on ‘Friends’ intro for father’s day

Published

on

A special video from “Sesame Street” themed to the classic opening of “Friends” is bound to make you smile.

The classic educational kids’ program took to social media to share the viral clip.

The video is a full-on throwback to many of the things we loved about “Friends,” but this time seen through a lens of some of our favorite Muppets and their dads.

 “To all the fathers and father figures raising amazing kids, thank you for being there. Sing along with your favorite families from the neighborhood in this very special parody song,” Sesame Street tweeted.

Over two minutes, we get all kinds of hilarious reimaginings of “Friends” references, like a few lines of “Smelly Cat”

“We love you every day and week and month and every year,” go the lyrics.

Elijah even echoes Chandler by saying, “Could there be anything better than being a dad?”

The ending will melt your heart, in a beautiful nod to all the fathers and father figures raising kids, the much loved characters show their love for one another outside of the iconic friends fountain

Continue Reading

Uncategorized

Why is Prince harrying suing the publishers of the Daily Mail and Mail?

Published

on

Prince Harry is suing Daily papers over an article published in February.

His barrister said the story about a dispute over his family’s security arrangements tried to manipulate public opinion.

But the publisher of Daily Mail said it contained “no hint of impropriety” and was not defamatory.

The story, published in the Mail on Sunday and online, referred to the prince’s separate legal case against the Home Office over security arrangements when he and his family are in the UK.

Prince Harry says it caused him “substantial hurt, embarrassment and distress, which is continuing”.

The prince’s barrister said the article suggested he had “lied in his initial public statements” by claiming to have always been willing to pay for police protection in the UK.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD