Australians will soon be able to see in fine detail how the nation is making progress on everything from women’s safety to a cleaner environment.
The impact of interest rate rises will hit consumers harder in Australia compared to some of our global peers. In the short term, this is negative for consumer spending in Australia but in the medium term it could be positive for the economy because it should mean that the RBA does not need to raise interest rates as much to get demand and, therefore inflation to slow.
More than 4.7 million Australians struggling to cope with cost of living pressures are in line for a helping hand.
An indexation increase on September 20 will be the largest rise for welfare payments in more than 30 years and the biggest for pensions in 12 years, Social Services Minister Amanda Rishworth says.
