Our @Griffith_Uni economics and public policy roundtable this week came at a time of some really encouraging news for our economy.
In the last week, Australia retained its AAA credit rating from S&P Global, new numbers came out that showed more businesses were created in July than in any other month on record, and building approvals rose 14% through the year.
We'll keep building on this progress while delivering responsible cost of living relief for Australians.
Positive news out this week that ratings agency S&P Global has re-affirmed Australia’s AAA credit rating.
This is a powerful endorsement of the Government’s responsible economic and fiscal management at a time of extreme global uncertainty.
This is a powerful endorsement of the Government’s responsible economic and fiscal management at a time of extreme global uncertainty.
S&P says “Australia's fiscal performance is sound” and “Australia has modest public debt by international standards.”
Australia remains one of only nine countries with a AAA sovereign credit rating from all three major ratings agencies and has lower gross debt than every major advanced economy.
Responsible economic management is the hallmark of the Albanese Labor Government and S&P’s report reinforces that.
Grateful for the questions and insights from @Griffith_Uni students at the economics and public policy roundtable hosted by the business school this week.
It was a welcome opportunity to talk about housing and tax reform, Australia’s place in a world of churn and change, and their role in shaping the future.
I really valued my time as a student at Griffith and always enjoy going back to spend time with the next generation.
BREAKING: We’re helping to deliver cheaper energy for businesses, farms and community organisations.
We’re putting more rooftops to work by expanding support for medium-sized solar systems and cutting installation costs by around 20%.
More new businesses were created in July, after the Budget, than in any other month on record.
There’ve been 30 times the businesses starting up than closing down each day on average under Labor, and insolvency rates are almost half what they were under the Howard Government.
In the monthly data, headline inflation was 3.8% in the 12 months to June, down from 4% in May.
This means that inflation has come in lower than expected, lower than forecast in the Budget or by the Reserve Bank.
This is the third consecutive month where annual headline inflation has moderated.
We understand people are under pressure which is why we’re rolling out responsible cost of living relief including cutting taxes five times in three ways, cheaper medicines and higher wages.
The Coalition can't win the next election without joining One Nation and today one of the Liberal Party's front benchers has confirmed that's their plan.
The next election will be a contest between Labor that's delivering real change with higher wages for workers and more help to get into housing or a Liberal-National-One Nation coalition with a big anti-worker agenda.
A special evening launching the new edition of Ross McMullin’s The Light on the Hill with PM @AlboMP.
Grateful for the opportunity to celebrate such an important book, and to reflect on Labor’s history and achievements.
Early start talking with @PMalinauskasMP and @TKoutsantonisMP about working together to help build a South Australian economy full of opportunity. Thanks to Mercato North Adelaide for the coffee.
From cutting taxes for workers and making the tax system fairer, to building more homes and helping first home buyers - Labor is delivering real change for Australia.
Thanks to Sally Sara for having me on @abcnews Radio National to discuss how Labor’s extension to paid prac to student physios, paramedics and more is another way we’re helping to ease the cost of living, train more health workers and strengthen Medicare.
BREAKING: More than 76,000 jobs were created in June and more than 1.3M jobs have been created under our watch.
This Albanese Labor Government has overseen the lowest average unemployment of any Australian government in the last half a century.
We recognise people are under pressure and we’ll continue to do what we can to ease that pressure with more cost-of-living relief, higher wages, more tax cuts and by helping people into jobs.