Treasury
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Search complete. 2983 mentions across 814 episodes found for "Treasury".
Sep 22, 2026
Carrington ClarkeHOST
A little thought experiment.
Carrington ClarkeHOST
What will Australia's economy be like 40 years from now? According to Treasury's latest Intergenerational Report, there will be about 40 million of us, but will they be living better lives than the 28 million kicking around today? And could AI finally turn around Australia's flagging productivity problem? Welcome to ABC Business Daily.
Carrington ClarkeHOST
[upbeat music] I'm Carrington Clark.
Ian VerrenderGUEST
And I'm Ian Verrender, the ABC's Chief Business Correspondent.
13 MINS LATER
Carrington ClarkeHOST
Mm
Ian VerrenderGUEST
... you know, somebody promoting a technology and promoting a, um, their own business comes into, um, you know, essentially, uh, make warnings about, you know, and say, "We should slow down on this." So I...
Ian VerrenderGUEST
it's, it's difficult to know, um, what impact this is gonna have, and so I think it's a little unrealistic for Treasury to suggest that we're suddenly gonna get an, an increase and an improvement in productivity.
Ian VerrenderGUEST
And look, even if we did get that improvement in productivity, which could happen, it could also be, uh, in conjunction with a vast number of people being laid off.
Mauricio AlencarGUEST
The Labour Party have gone very hard, as have Reform.
Mauricio AlencarGUEST
I've gone very hard on Andrew Griffith being part of the Liz Truss mini-budget Treasury team, even though he was a junior Treasury minister at the time.
Simon HuntGUEST
You know, are some of those other
Mauricio AlencarGUEST
figures really popular enough with the public? Do people have some bad memories? PTSD? And
James WillisHOST
But they are the jobs potentially based on the job ads on websites like Seek that could be drying up already.
James WillisHOST
But not just in this report, but, I mean, most of the numbers we've seen out of Treasury in the last few months since the budget, I mean – There's some crazy figures in here.
James WillisHOST
Even the best possible scenarios for productivity will get us, by the end of the decade, to the worst decade for productivity in history.
James WillisHOST
So, I mean, Treasury, it's glass half full, isn't it, at the moment?
Peter SwitzerCORRESPONDENT
Yeah, yeah.
Peter SwitzerCORRESPONDENT
And look, I don't mind these sorts of stories if it results in conversations like this.
Jenée TibshraenyGUEST
Previously.
Jenée TibshraenyGUEST
Labour said it would only confirm what it was doing with interest deductibility after the Treasury opened the government's books on September 29.
Jenée TibshraenyGUEST
So previously it said it wanted to get a really good sort of sense of where the finances were at before it made a call on this tax change.
Jenée TibshraenyGUEST
And then late yesterday, it sort of just came out of the blue, actually ran up when I heard Hipkins had made that comment to try to get a bit more information from him.
Katie BradfordHOST
What are we expecting then? Because that will actually give us a bit of a gauge on whether Labour and National and all the other political parties can actually afford their promises, right? Is the fiscal cupboard going to be a bit bare?
Jenée TibshraenyGUEST
I mean, in recent months, the economy has been, I guess, doing a bit better than expected.
Jenée TibshraenyGUEST
So there's not quite as much debt as the Treasury expected when it released the budget in May.
Jenée TibshraenyGUEST
But ultimately, you know, the books are in the red, you know, and...
speaker_1NARRATOR
Mr. James Sadler, Head of Debt Capital Markets and Structured Finance, Banking and Corporate Finance at Oman Investment Bank.
speaker_1NARRATOR
And also Mr. Salah Al-Aradi, Head of Treasury, TIBIG, Member of the Treasurer's Committee, representing the Oman Banks Association.
speaker_1NARRATOR
If you'd be so kind, gentlemen, please.
Oliver AghaMODERATOR
Great, this is actually working.
Chris SmithHOST
That's 4-0, not 4, 4-0.
Chris SmithHOST
Treasury expects the economy to be more than twice its current size by 2066, but an ageing population, rising health and aged care costs and weaker productivity will push up spending.
Chris SmithHOST
The budget is projected to remain in deficit long term, reaching 1.8% of GDP by 2065-66.
Chris SmithHOST
Chalmers says governments will return bracket creep to taxpayers when they can afford it.
Chris SmithHOST
The Treasury is banking on productivity growth averaging 1.2% a year.
Chris SmithHOST
with AI expected to help drive the economy.
Chris SmithHOST
Gee, I tell you what, they're putting all their eggs in one basket, aren't they? Forget the baby boom.
Chris SmithHOST
The latest intergenerational report also says falling fertility and an aging population will push deaths above births in the 2060s.
Rory O'MaraGUEST
And the thing that I'm interested right now are look at bond rates.
Rory O'MaraGUEST
So let's go and look at, forget the people, 30-year Treasury bond at 5.2%, 5.3%.
Rory O'MaraGUEST
Yanks think it's all fine.
Rory O'MaraGUEST
Scott Besson says it's fine.
Rory O'MaraGUEST
I think it is.
Rory O'MaraGUEST
And then we move to a different world, which could potentially be backed by maybe gold, maybe Bitcoin, maybe a combination of Bitcoin and gold, and all the issuers of stable coins, of which the banks are racing to create this new digital money.
Rory O'MaraGUEST
Well, the only way they can create a digital dollar, it'll have to be linked to a US Treasury bond.
Rory O'MaraGUEST
So let's park that
TJHOST
I have to go do more digging on this to get exact figures.
TJHOST
But I think the main reason the Treasury is pumped up sitting on cash right now is going to be deploy it.
TJHOST
They're not just going to hold it.
TJHOST
The Fed is going to continue to raise their balance sheet at some point.
SeanHOST
But the current $42 per ounce valuation of gold is arguably even more ridiculous in its own way.
SeanHOST
Eventually, Besant or somebody at the Treasury is going to look at those 26.5 million ounces of gold, look at the government's fiscal situation, and ask why one of America's most valuable financial assets is still being carried at a price that doesn't have anything to do with reality.
SeanHOST
So that's where we are.
SeanHOST
And that's what I wanted to share today, Friday, the 18th of September in the year 2026.
Mike HoskingSOUNDBITE_SPEAKER
National said they could be on, not this term but possibly next.
Mike HoskingSOUNDBITE_SPEAKER
Treasury did some work to have a look at all the bits that the government owns to try and explain whether owning all of it made sense.
Mike HoskingSOUNDBITE_SPEAKER
There is an as yet unreleased list of businesses that don't make a lot of sense.
Mike HoskingSOUNDBITE_SPEAKER
Prime Minister talked of asset renewal and turning over things to make the most of your money.
Mike HoskingSOUNDBITE_SPEAKER
But we own a farm company.
Mike HoskingSOUNDBITE_SPEAKER
Why? We own a television station that is a shadow of what it once was or should be under a true public model.
Mike HoskingSOUNDBITE_SPEAKER
So why? There are about a dozen businesses on that Treasury list apparently they can't really make a great case for.
Mike HoskingSOUNDBITE_SPEAKER
And yet the national case for selling or not selling, which was on till it was off, has not been explained.
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