Overseas Investment Meetings To Help WA’s Budget Saving Measures

Briefings between State and Overseas investors are set to take place next week, with the Ben Wyatt, State Treasurer, visiting Europe and North America for meetings with potential and current investors. The State’s prospective borrowing program will be discussed, as part of the Government’s commitment to budget repair and long term economic prospects. Total borrowings…

Royal Commission exposes financial misconduct

A Royal Commission into financial institutions and the big four banks has revealed scandalous findings this week and are now under scrutiny. Federal Treasurer, Scott Morrison, said they charged people for services they didn’t provide, misleading the Australian Securities and Investments Commission. Penalties for corporate misconduct attract fines of more than $200 million and possible…

Former Treasurer Wayne Swan to quit politics at next election

Wayne Swan, former treasurer and deputy prime minister who helped guide Australia through the Global Financial Crisis, has announced plans to retire at the next federal election. Mr Swan served both the Rudd and Gillard governments, and served in parliament for more than two decades. “The inescapable fact is I’m approaching a stage in life…

Finance Experts Say Company Tax Cuts Unlikely to Increase Economic Growth

Finance experts have said cutting corporate tax further won’t accelerate Australia’s economic growth despite Federal Treasurer Scott Morrison declaring it “urgent.” In September, US President Donald Trump suggested similar cuts. A landmark Productivity Commission report was released on Tuesday. This is the first of a series of five-year reviews. During his speech, Mr Morrison said…

Transport and Road Infrastructure Upgrade for Northern Suburbs

The State Government is making a significant $800 million investment, to upgrade transport and road infrastructure in Perth’s Northern suburbs. The METRONO plan will create thousands of jobs, with construction companies being invited to get involved. The construction of Thornlie and Yanchep rail extensions are at the forefront and other upgrades include improvements to Wanneroo…

State Budget to Feature “Tough” Measures

Ahead of the State budget being released in Parliament next week, there are concerns education, mental health services and alcohol and other drug services will suffer funding cuts because of WA’s ongoing debt. While State Treasurer Ben Wyatt refused to make any specific comments about the budget before its release on September 7, he said…

2015-2016 State budget date announced

CLICK on the player above to watch the video version of the story! This story is written by WAMN Journalist Daniel Edwards. Treasurer Mike Nahan has announced the date of the western Australian state budget, 14th of May this year, which is one week later than originally scheduled. Dr Nahan said the one week delay…

Hockey, Barnett At Odds Over GST

Western Australian Premier Colin Barnett has responded to Federal Treasurer Joe Hockey’s comment about its government’s debt. Mr. Hockey has launched a fierce attack on the Barnett Government’s financial blunders including the loss of the triple A credit rating and the slower than expected process of privatisation. The Federal Treasurer’s comments come after fellow party…

Financial difficulties for Western Australia

This story is written by WAMN Journalist Daniel Edwards. The international credit ratings agency Moody’s has decided to downgrade Western Australia’s credit rating from Aaa (negative outlook) to Aa1 (stable outlook) it follows a similar decision by Standard & Poor’s (S&P) in September last year. “This decision is disappointing, but as we have said many…