Victoria remains confident funding will come to host the 2026 Commonwealth Games despite being snubbed in the federal budget. Treasurer Jim Chalmers instead announced $3.4 billion (US$2.3 billion) across ten years for the 2032 Olympic Games in Queensland, supporting venue infrastructure including $2.5 billion to develop Brisbane Arena. To be shared across a number of…
US Federal Budget Deficit Hits $1.1 Trillion
The U.S. federal budget deficit has exceeded a $1 trillion in the first half of fiscal year 2023, with revenues declining and outlays growing. The budget deficit between October 2022 and March 2023 is estimated to be at $1.1 trillion, according to a report (pdf) by the Congressional Budget Office (CBO) on April 10. This…
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