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Articles on Budgets

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The obligatory showing of the red briefcase containing budget details is as exciting as it gets in the U.K. Rob Welham/Universal History Archive/Universal Images Group via Getty Images

Shutdowns are a uniquely American drama − in the UK, it’s just not Parliament’s cup of tea

With the US government seemingly heading toward a potentially painful federal shutdown, a scholar explains why such events never occur in the UK.
Senior cabinet minister Megan Woods, Minister of Finance Grant Robertson and Prime Minister Chris Hipkins prepare to deliver the May 18 budget. Getty Images

NZ’s budget used a ‘gender lens’ for the first time – the result was a win for women

Budget 2023 included a ‘gender snapshot’ to account for the ways investment priorities affect women differently from men. More effective, efficient and equitable, it also makes good economic sense.
New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
States like Ohio could lose billions of dollars in federal funds if the ACA is repealed. AP Photo/Tony Dejak

State budgets hang in the balance as future of ACA uncertain

As states begin to plan budgets, the future of Obamacare is still undecided. A former Ohio state senator explains how budget directors are bracing for billions of dollars in shortfalls.
Modern monetary theorists aren’t concerned with budget repair. Joel Carrett/AAP

Explainer: what is modern monetary theory?

Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit. Mick Tsikas/AAP

There are two big political problems buried in the latest budget update

Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.

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