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2018-19 Budget improves on high commodity prices (Read 586 times)
Bam
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2018-19 Budget improves on high commodity prices
Sep 19th, 2019 at 11:26am
 
Federal Government budget billions better off than expected with deficit down to $690m
Quote:
Key points:
* The Federal Government has announced the 2018/19 budget ended with a $690 million deficit
* Treasurer Josh Frydenberg said the Government took in $13.8 billion more than it expected
* He reaffirmed the Coalition's commitment to deliver a surplus this financial year
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Laugh till you cry
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Re: 2018-19 Budget improves on high commodity prices
Reply #1 - Sep 19th, 2019 at 11:44am
 
The burgeoning profits of resource companies are not only due to rising commodity prices, but also to the drop in the value of the A$.

These same companies will squeal if the A$ rises.

The A$ fall has also made their foreign currency borrowing more expensive to repay.
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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.
 
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juliar
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Re: 2018-19 Budget improves on high commodity prices
Reply #2 - Sep 19th, 2019 at 12:46pm
 
How predictable when you put the talented Lib managers in charge.

Budget surplus and Current Account POSITIVE and Australia's borders sealed shut and WELFARE fraud slashed.

Now when will they get the power prices down that the Chinese Labor Party sent thru the roof ?

Australia is in good safe hands. That's why the voters selected them and shoved Shady Shorty into an ALDI Brown Paper Bag.
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Sir lastnail
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Re: 2018-19 Budget improves on high commodity prices
Reply #3 - Sep 19th, 2019 at 12:49pm
 
juliar wrote on Sep 19th, 2019 at 12:46pm:
How predictable when you put the talented Lib managers in charge.

Budget surplus and Current Account POSITIVE and Australia's borders sealed shut and WELFARE fraud slashed.

Now when will they get the power prices down that the Chinese Labor Party sent thru the roof ?

Australia is in good safe hands. That's why the voters selected them and shoved Shady Shorty into an ALDI Brown Paper Bag.


How to get power prices down ? Simple. Generate your own energy and charge up your own electric cars with your own free energy from the sun Wink


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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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juliar
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Re: 2018-19 Budget improves on high commodity prices
Reply #4 - Sep 19th, 2019 at 12:52pm
 
I am being trolled by the loony creepy Greeny Scunge.
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crocodile
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Re: 2018-19 Budget improves on high commodity prices
Reply #5 - Sep 19th, 2019 at 1:32pm
 
Laugh till you cry wrote on Sep 19th, 2019 at 11:44am:
The burgeoning profits of resource companies are not only due to rising commodity prices, but also to the drop in the value of the A$.

These same companies will squeal if the A$ rises.

The A$ fall has also made their foreign currency borrowing more expensive to repay.

Not always. Most will have a hedged component to cover these contingencies.
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Very funny Scotty, now beam down my clothes.
 
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Bam
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Re: 2018-19 Budget improves on high commodity prices
Reply #6 - Sep 19th, 2019 at 3:05pm
 
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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Captain Nemo
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Re: 2018-19 Budget improves on high commodity prices
Reply #7 - Sep 19th, 2019 at 4:00pm
 
A good result.  Cool

Just as well these 3 nongs were kept out of office:

...

Cheesy
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The 2025 election could be a shocker.
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Bam
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Re: 2018-19 Budget improves on high commodity prices
Reply #8 - Sep 19th, 2019 at 6:37pm
 
Captain Nemo wrote on Sep 19th, 2019 at 4:00pm:
A good result.  Cool

Just as well these 3 nongs were kept out of office:

Instead we have these 3 muppets running the country into the ground in the manic pursuit of a surplus.

...

Those idiots are so inept they are putting their foot on the economic brakes while the RBA is trying to push on the accelerator. When you do that in a car, it goes nowhere. The same thing is happening to the Australian economy.
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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
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crocodile
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Re: 2018-19 Budget improves on high commodity prices
Reply #9 - Sep 19th, 2019 at 9:19pm
 
Between us we have 6 nongs
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Very funny Scotty, now beam down my clothes.
 
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polite_gandalf
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Re: 2018-19 Budget improves on high commodity prices
Reply #10 - Sep 20th, 2019 at 10:13am
 
Bam wrote on Sep 19th, 2019 at 6:37pm:
Instead we have these 3 muppets running the country into the ground in the manic pursuit of a surplus.


If the coalition was in power during the GFC, we would almost certainly have gone into deep recession.
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A resident Islam critic who claims to represent western values said:
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Outlawing the enemy's uniform - hijab, islamic beard - is not depriving one's own people of their freedoms.
 
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Captain Nemo
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Re: 2018-19 Budget improves on high commodity prices
Reply #11 - Sep 20th, 2019 at 11:28am
 
crocodile wrote on Sep 19th, 2019 at 9:19pm:
Between us we have 6 nongs


Grin
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The 2025 election could be a shocker.
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Laugh till you cry
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Re: 2018-19 Budget improves on high commodity prices
Reply #12 - Sep 20th, 2019 at 11:55am
 
Bam wrote on Sep 19th, 2019 at 6:37pm:
Captain Nemo wrote on Sep 19th, 2019 at 4:00pm:
A good result.  Cool

Just as well these 3 nongs were kept out of office:

Instead we have these 3 muppets running the country into the ground in the manic pursuit of a surplus.

https://i.dailymail.co.uk/1s/2019/07/04/22/15637570-7213199-Prime_Minister_Scott...

Those idiots are so inept they are putting their foot on the economic brakes while the RBA is trying to push on the accelerator. When you do that in a car, it goes nowhere. The same thing is happening to the Australian economy.


These clowns make the three stooges look like intellectuals.
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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.
 
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crocodile
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Re: 2018-19 Budget improves on high commodity prices
Reply #13 - Sep 20th, 2019 at 12:33pm
 
Laugh till you cry wrote on Sep 20th, 2019 at 11:55am:
Bam wrote on Sep 19th, 2019 at 6:37pm:
Captain Nemo wrote on Sep 19th, 2019 at 4:00pm:
A good result.  Cool

Just as well these 3 nongs were kept out of office:

Instead we have these 3 muppets running the country into the ground in the manic pursuit of a surplus.

https://i.dailymail.co.uk/1s/2019/07/04/22/15637570-7213199-Prime_Minister_Scott...

Those idiots are so inept they are putting their foot on the economic brakes while the RBA is trying to push on the accelerator. When you do that in a car, it goes nowhere. The same thing is happening to the Australian economy.


These clowns make the three stooges look like intellectuals.

The three stooges were actually quite smart.
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Very funny Scotty, now beam down my clothes.
 
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juliar
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Re: 2018-19 Budget improves on high commodity prices
Reply #14 - Sep 23rd, 2019 at 7:15pm
 
The dumb PollyGandy is totally bamboozled by GetUp! lying propaganda about the GFC.

Australia was barely affected by the GFC because of the huge increase in iron ore and coal exports to China despite the best efforts of the incompetent Labor imbeciles.

FACTS sure spoil a good Lefty bulldust story.


But just imagine the chaotic destruction that would be occurring now if Labor had gotten in!!!!
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