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The International Monetary Fund in April 2012 predicted that Australia would be the best-performing major advanced economy in the world over the next two years; the Australian Government Department of the Treasury anticipated "forecast growth of 3.0% in 2012 and 3.5% in 2013", [60] the National Australia Bank in April 2012 cut its growth ...
Budgets are called by the year in which they are presented to Parliament and relate to a financial year that commences on the following 1 July and ends on 30 June of the following year, so that the 2024 budget brought down in May 2024 relates to the 2024/25 financial year (1 July 2024 – 30 June 2025, FY2025). Revenue estimates detailed in the ...
This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year.
Earnings picked up across sectors in 2024, with growth finally expanding beyond ... three-month average of the national unemployment rate has risen 0.5% or more from the previous 12-month low ...
The 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers. [2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments. [ 1 ]
The rate of GNI per capita growth in annual percentage according to the World Bank for last available year is shown in below table. [1] These values of GNI per capita growth are corrected for inflation, but not adjusted for purchasing power parity.
The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18. [16]
We now expect revenues in the range of $61 billion to $64 billion and operational revenue growth, excluding COVID-19 products is unchanged at 9% to 11% and takes into consideration reduction of ...