Budget should return to surplus in 2020/21, says Finance Minister

By | December 14th, 2016|Politics|

Finance Minister Mathias Cormann has spoken about the Turnbull government's intention to get the budget back to surplus ASAP, without committing to any hard deadlines. “We need to make decisions that are both fiscally and economically responsible. Based on the numbers in the Budget a return to surplus is forecast, is projected for 2020/21,” Senator [...]

The great Australian household debt problem

By | May 11th, 2016|Banks & Finance, Loop Financial|

Is there a colossal problem sneaking up on Australia? There's been a new leak of official information, which suggests Australia has been ignoring a problem that could have serious consequences for the country. According to the leaked report, Australian household debt was so high before the global financial crisis (GFC), there was likely to be [...]