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Australian budget will return to surplus by 2016, says Bowen

2013-08-02 13:08

Balancing the books: The Australian government announced it will return the budget to a “modest” surplus by 2016 with the help of new taxes and cuts to foreign aid.

Government plans new tobacco tax to return budget to surplus

by Marian Borges

2013-08-01 16:08

A new federal tobacco excise is set to hit Australian smokers’ hip-pockets to the tune of $1 per cigarette by 2016.

Banking insurance levy could be passed on to Australian depositors

by Marian Borges

2013-08-01 12:08

The Australian government is expected to announce a levy on the banks on Friday to insure them against a financial crisis, but there are fears that the cost will be passed on to consumers.

Queensland Treasurer Tim Nicholls delivers the 2013-14 state budget to Parliament in Brisbane, Tuesday, June 4, 2013. The Queensland treasurer has unveiled a budget deficit that is double the forecast made last year, as the state grapples with cyclone repairs and plunging mining royalties. (AAP Image/Dan Peled) NO ARCHIVING

Queensland rules out return to surplus in 2013 state budget

by Paul Bleakley

2013-06-04 11:06

Queenslanders will each fork out an additional $181 as a result of the Newman Government’s second budget announcement yesterday, which is expected to earn the state an additional $1 billion in revenue over the next fiscal year.

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