National economic recovery leads to improved GST estimate

Australia’s ongoing economic recovery from the COVID-19 recession – with more people back in work and increased household consumption – has delivered South Australia an improved GST estimate for this financial year. The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) today shows SA’s estimated GST grant revenues for 2020-21 are $300 million higher. Treasurer…

Property sector confidence skyrockets as industry backs Marshall Government to deliver

The Marshall Government has welcomed the latest ANZ/Property Council of Australia survey of property sector professionals – including developers, landlords, architects, planners and engineers – showing confidence in SA has soared to pre-pandemic levels. The survey, taken in the two weeks from November 16 and including the 3-day circuit-breaker, shows local confidence has rebounded to…

AA+ credit rating confirmed but with negative outlook

Independent ratings agency S&P today has issued an update that maintains South Australia’s long-term credit rating of AA+ however with a negative outlook. Treasurer Rob Lucas said this was an ‘inevitable consequence’ of the COVID-19 pandemic and the Government’s record $4 billion job-creating stimulus spend to turbo-charge the economy and save as many lives, livelihoods…