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The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for public servants that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances.
The Australian government's debt level was forecasted to be $977 billion for 2022–23, whilst net debt was forecasted to be $714.9 billion. Debt was forecasted to reach $1.16 trillion by the 2015/26 financial year.
In response, a home demolition scheme was negotiated between the Government of the Australian Capital Territory and the Government of Australia in 2014. It involved a loan of about A$1 billion from the Australian Government to the ACT Government to fund the purchase of houses treated with loose-fill asbestos fibre insulation in the 1960s and ...
SYDNEY (Reuters) -Australian authorities said on Saturday asbestos had been discovered in more places in Sydney, including housing estates, as the New South Wales government continued a weeks-long ...
The 2014 Australian federal budget was the federal budget to fund government services and operations for the 2014/15 financial year. The 2014 budget was the first delivered by the Abbott government , since the Coalition's victory in the 2013 Australian federal election .
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 main Social Security trust fund will continue paying out full benefits through 2034, according to the annual report released Thursday from the trustees of the programs. That’s one year later ...
The crisis was triggered by the January 2024 discovery of asbestos in the Rozelle Parklands, a part of the then-recently opened Rozelle Interchange project in Sydney, Australia. [ 3 ] The asbestos was originally reported by a concerned parent, who spotted a chunk of bonded asbestos in a handful of mulch brought home by their child from a ...