Pumping more stimulus into the economy is “the wrong answer” to Australia's problems with slow growth and falling living standards, Shadow Treasurer Angus Taylor said.
A top economist has warned that record levels of government spending could boost inflation and slow productivity, just as updated federal budget figures show payments have risen sharply. AMP deputy chief economist Diana Mousina said state and federal spending reached a record share of the economy at about 28 percent in the June quarter.
Essendon's finals dreams were dashed after they were steamrolled by league leaders Sydney, with the Swans scoring 12 goals to 4 in the second half.
Emissions cuts in the transport sector could slow next year if the government does not extend its tax breaks for plug-in hybrid cars, according to research.