Tag: Budget

Australia’s Budget Lacks Big Ideas, Despite the Stimulus Sugar Hit

This week: A sugar-hit budget lacking in big ideas, James Packer faces the music (sort of), and Jacinda-mania part II.

 

A billion dollars here, a billion dollars there, pretty soon you’re talking real money.

Australians were reminded of this political maxim when Treasurer Josh Frydenberg on Tuesday unveiled a record A$213.7 billion ($153 billion) budget deficit, equal to 11% of GDP, for the financial year started July 1.

The optics couldn’t be more different from last year, when Frydenberg proudly forecast the first budget surplus in more than a decade. (The Liberal Party even started selling A$35 “Back in Black” coffee mugs to mark the occasion). But that was before Covid-19 upended the world and before a government that won an election on promises of fiscal rectitude once again discovered we’re all Keynesians now.

relates to Australia’s Budget Lacks Big Ideas, Despite the Stimulus Sugar Hit

The centerpiece of the budget was a near-A$100 billion cash splash of personal tax cuts, wage

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How to Craft the Perfect Startup and New Business Marketing Budget

You’ve finally launched your new business. Congratulations!

Now, it’s time to make people aware of your presence, as well as your products and services. The best way to do this? Strong branding and a custom marketing plan – two crucial components that don’t come cheap.

That’s what this article is all about: crafting a startup marketing budget. We want to talk to you about the costs of promotion, how to project your future finances, and methods for deciding where to spend your advertising dollars.

At this pivotal moment in your startup or new business’s growth, it’s essential that you plan out your marketing spending. You need an effective, well-thought-out strategy to advertise your shiny new products/services to the right customer segment.

Spending too much on initial marketing can break your growing brand – but spending too little can lead to a lack of brand awareness and revenue.

In this piece,

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There’s spending, yes, but this is a thoroughly capitalist budget from start to finish | The Canberra Times

news, federal-politics, jack waterford, federal budget, budget 2020, 2020 budget, capitalism, invisible hand, trickle-down

The coronavirus recession budget involves many opportunities to use the word unprecedented, but here’s one not being mentioned. This is the biggest budget, proportionately, ever devoted by a Western economy to the fundamental theory of modern capitalism: the theory of the hidden hand. Never has such a budget made it easier for a private sector entrepreneur to invest or spend money; indeed, if the investment is into someone else’s goods and services, and the spending produces a job for another, the government will handsomely subsidise it. One might think that any business, or any person, with a viable idea for developing a business able to make profits has never had it as easy as they will have it once the budget is adopted. Just to make things easier, a vast number of Australian consumers will be

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Budget 2020: Everything within Canberra’s AU$796.5 million Digital Business Plan

The federal government had already promised AU$796.5 million over four years from 2020-21 through its Digital Business Plan to further drive progress towards Australia becoming a leading digital economy by 2030.

In its Budget 2020-21, the government detailed the plan that’s aimed at improving productivity, income growth, and jobs by supporting the adoption of digital technologies by Australian businesses.

“There is no economic recovery without a jobs recovery,” Treasurer Josh Frydenberg said in delivering his Budget speech on Tuesday night. “There is no budget recovery without a jobs recovery.

“This Budget is all about jobs.”

The measures under the JobMaker Plan — Digital Business Plan label cover: Modern digital infrastructure, reduced regulatory barriers, small and medium enterprise (SME) support and capability, and a digital government that is easier to do business with.

The near-AU$800 million will be shared over four years by 16 government departments, with Services Australia receiving the

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Amherst budget chief says Boston business groups’ state education funding report guillotines local school district

AMHERST – A proposal by two Boston-based business advocacy groups to alter how the state’s Chapter 70 local aid to school districts is disbursed would take a meat cleaver to the local school district, according to the town’s budget chief Sean Mangano.

Nearly $8 million of state education aid would be lopped off the revenue sheets for Amherst school system and Amherst-Pelham regional district, he said.

The two business groups co-wrote a 23-page report – saying more Chapter 70 school aid should go to the least wealthy cities and towns, and less to more affluent communities.

Greater Boston Chamber of Commerce and Massachusetts Business Alliance for Education jointly wrote the research paper – Ryan Flynn from the Alliance and James Sutherland of the Chamber.

The authors acknowledged assistance from a small group of experts.

Those include two men recently in senior leadership positions at the state Department of Elementary and

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Budget tax proposal could boost MBAs

“It’s better for governments not to prescribe future demand. It’s inconsistent with the idea of letting the market decide.”

Individuals can deduct the cost of education or a training expense related to their current employment, but not future employment, under existing tax law.

Treasury acknowledges the current system acts as a disincentive for people to retrain to support their future employment.

“The government would like to broaden this deduction and will consult on the design to ensure the deduction is effectively targeted to future employment and skills needs,” the Treasurer said.

Professor Rosa said it could mean a person who wanted to study an MBA, which is one of the most expensive courses available, but was working in a field unrelated to management, would be able to deduct the cost of their fees.

“There are some people who make a choice to upskill. It would be a far better way

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Small business leaders call for $5,000 viability review subsidy to be included in the budget



Kate Carnell wearing a blue shirt


© Provided by Smart Company
Kate Carnell

Key members of the small business community have come together to urge the federal government to include a Small Business Viability Review program in next week’s federal budget. 

Under the proposal, the government would fully fund a subsidy that would allow small business operators to access professional advice about the viability of their business. 

The call is being made by the Australian small business and family enterprise ombudsman Kate Carnell, CPA Australia, Chartered Accountants Australia and New Zealand (CANZ), the Institute of Public Accountants (IPA), the Institute of Certified Bookkeepers (ICB) and the Council of Small Business Organisations Australia (COSBOA). 

Echoing an earlier call from Carnell’s office for professional advice vouchers to be made available to small businesses, the groups are calling for a subsidy up to the value of $5,000.

Business operators would be able to use the subsidy to access tailored

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Energy efficiency: Budget proposal seeks $100M for untapped energy savings | Science & Environment

“That means we’re leaving a lot of stuff on the table,” said Kathy Kuntz, a former Focus on Energy administrator who now heads Dane County’s office of energy and climate change. “There’s a lot more stuff we could do and still be toward the positive.”



Judge denies key permit for Monroe County sand project; Meteor Timber sought to fill rare wetlands

Meteor’s four-year effort to build the $75 million facility has spanned two administrations, multiple courts and a boom and bust cycle for Wisconsin’s frac sand industry, which supplies silica used to extract oil and gas from deep rock formations.  

Lowering bills, cutting carbon

According to the last program evaluation, Focus on Energy projects completed between 2015 and 2018 are expected to save more than 210 billion Btu, roughly the amount of energy needed to power 2 million Wisconsin homes for a year.

But studies have shown there is far more progress to be made.

Doubling the Focus on Energy budget would result in

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French 2021 budget to release first 42 billion euros of recovery plan

By Leigh Thomas

PARIS (Reuters) – The French government on Monday presented a 2021 budget plotting a path out of its worst post-war recession, with 42 billion euros pumped into the economy in the first year of its 100 billion euro two-year recovery plan.

The government expects the euro zone’s second-biggest economy to contract a record 10% this year following a nearly two-month coronavirus lockdown, plunging the country into one of the deepest recessions in Europe.

Paris has mobilised more than 470 billion euros in tax breaks, state-subsidised furloughs and business loan guarantees to contain the crisis, blowing the public sector budget deficit out to a record 10.2% of GDP this year.

The economy bounced back after the lockdown was lifted in May and the government forecasts it will surge 8% next year, boosted by the first tranche of the 100 billion euro recovery plan.

“We are going to make

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King County Councilmember says executive’s budget proposal is a ‘recipe for disaster’

A demonstrator holds a U.S. flag upside down during a picket and rally outside the office of King County Executive Dow Constantine as part of the nationwide Strike For Black Lives on July 20, 2020 in Seattle, Washington. (Photo by David Ryder/Getty Images)

King County Executive Dow Constantine released his budget proposal for 2021-2022 to the King County Council on Tuesday.

Councilmember Reagan Dunn joined the Dori Monson Show on KIRO Radio after he picked up the briefing book, and just before the executive’s budget presentation.

“I got a chance to take a first look at the executive’s approach to fighting crime in King County, and it’s discouraging news,” Dunn said.

“It’s not going to do anything to reduce crime. It’s going to increase crime,” he added. “It’s substantially cutting the number of sheriff’s deputies that we’ll see on our streets.”

The proposal takes 12 deputies off the board right

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