Articles on Budget 2017

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The pattern of disinterest in Schapelle Corby’s release also reflected in our data on the total number of visits to these Australian news sites. Made Nagi/EPA/AAP

Schapelle Corby fails to draw a Twitter audience

The Schapelle Corby media circus wasn't reflected in Twitter stats and calls to boycott Fairfax during the staff strike show limited impact on this social media platform as well.
Because the threshold for the Medicare levy exemption is based on family income, the reform will reinforce the move towards higher effective tax rates on low income second earners in a family. Joe Castro/AAP

Shifting the tax burden to middle-income earners will undermine jobs and growth

With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
Gas infrastructure and exploration attracted the lion’s share of new energy announcements in the 2017 federal budget. Sean Heatley/Shutterstock.com

Budget 2017: government goes hard on gas and hydro in bid for energy security

The federal budget will pump A$90 million into boosting domestic gas production, as well as investing in pumped hydro and measures to monitor energy prices.
The poll asked whether forecasting for the budget should be taken away from Treasury and be given to another independent agency. Lukas Coch/AAP

Leave budget forecasting to Treasury: economists

Polled economists say another independent body wouldn't necessairly do a better job of economic forecasting for the budget than Treasury.
Older Australians are not deterred by financial barriers as much as emotional ones, when it comes to downsizing. www.shutterstock.com

Why older Australians don’t downsize and the limits to what the government can do about it

When people do downsize, financial incentives are generally not the big things on their minds. And so most of the budget’s financial incentives will go to those who were going to downsize anyway.
If wages just grow at the rate of the last 12 months, rather than at the higher growth in the budget forecasts, income tax collections will be A$7 billion less for 2019-20. Joel Carrett/AAP

Why biased budget forecasts make poor politics

Wonky forecasts show it's time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
With high capital costs linked to petroleum and gas infrastructure, collection of PRRT funds for regional development may be delayed for several years. Phil Noble/Reuters

Government’s oil and gas tax response will leave regional communities at a loss

Local communities are likely to be dissatisfied with the report from the PRRT review because its recommendations only apply to future projects and won't herald any changes in the budget.

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