Sydney (Australian Associated Press) The Australian economy is set to look much rosier next year, with above-trend growth thanks to a lift in household spending and net exports. The forecast was signalled by the Westpac-Melbourne Institute Leading Index, which rose in October to leave the growth rate only slightly below trend. Westpac chief economist Bill
Sydney (Australian Associated Press) More than one in four working Australians can’t pay their bills on time and find it hard to make ends meet. And one in three have less than $1,000 in the bank for a rainy day. Those are the disturbing figures uncovered in a financial fitness study commissioned by fintech startup
Canberra (Australian Associated Press) Treasurer Scott Morrison insists the federal budget is on a trajectory towards balance not greater deficits. Government expenditure as a proportion of GDP will begin to decline in 2016 after peaking, while net debt will peak next year and decline from that point. “By international standards though, our debt does remains
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