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Federal Budget 2022/23 – Resetting for an uncertain future
Manage episode 345217973 series 2974316
The second 2022/23 Federal Budget was handed down on 25 October 2022. The new Labor Government wanted to ensure its fiscal settings were in line with the Reserve Bank of Australia’s aim of controlling inflation. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the Budget numbers, the key policy announcements and the economic projections. In short with the fiscal policy impulse all but unchanged over the year, this should help monetary policy get on top of the inflation surge running through the economy. However the widening of the deficit in the out years could imply the need for future fiscal constraint.
------ DISCLAIMER ------
Before listening to this report, you are advised to read the full Global Markets Research disclaimers which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not intended to be an investment research report. The information contained in this report is approved and distributed by Global Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Where ‘CBA data’ is cited, this refers to the Bank proprietary data that is sourced from the Bank’s internal systems and may include, but not be limited to, credit card transaction data, merchant facility transaction data and applications for credit. As the statistics take into account only the Bank’s data it may not reflect all trends in the market. All customer data used, or represented, in this report is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Group’s Privacy Policy Statement. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations are reasonably held based on the information available at the time of its compilation but no representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.
103 episodes
Manage episode 345217973 series 2974316
The second 2022/23 Federal Budget was handed down on 25 October 2022. The new Labor Government wanted to ensure its fiscal settings were in line with the Reserve Bank of Australia’s aim of controlling inflation. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the Budget numbers, the key policy announcements and the economic projections. In short with the fiscal policy impulse all but unchanged over the year, this should help monetary policy get on top of the inflation surge running through the economy. However the widening of the deficit in the out years could imply the need for future fiscal constraint.
------ DISCLAIMER ------
Before listening to this report, you are advised to read the full Global Markets Research disclaimers which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not intended to be an investment research report. The information contained in this report is approved and distributed by Global Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Where ‘CBA data’ is cited, this refers to the Bank proprietary data that is sourced from the Bank’s internal systems and may include, but not be limited to, credit card transaction data, merchant facility transaction data and applications for credit. As the statistics take into account only the Bank’s data it may not reflect all trends in the market. All customer data used, or represented, in this report is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Group’s Privacy Policy Statement. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations are reasonably held based on the information available at the time of its compilation but no representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.
103 episodes
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