Articles on federal budget

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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.
NASA Earth Science Division operating missions, including systems managed by NOAA and USGS. NASA Earth Observing System

Eyes in the sky: Cutting NASA Earth observations would be a costly mistake

A retired rear admiral warns President-elect Trump against cutting NASA's Earth observations, which provide essential data for weather forecasters, businesses, scientists and the armed forces.
Malcolm Turnbull sets about the business of his returned government with the Secretary of Prime Minister and Cabinet, Martin Parkinson. AAP/Lukas Coch

The policy agenda: what the government should do now

With nearly 25 years of uninterrupted economic growth at risk of coming to an end, the new government must make budget repair a priority.
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future. Lukas Coch/AAP

Tony Abbott’s great big budget legacy

Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
Commission of Audit chair Tony Shepherd may well be asking: “What happened?” Lukas Coch/AAP

INFOGRAPHIC: Lessons in budget politics

The Commission of Audit set the high water mark for reform designed to protect Australia against an economic downturn. One year on, little of it has made it into policy.
Treasurer Joe Hockey is expected to report this month that the budget balance is deteriorating in his mid-year economic and fiscal outlook. Alan Porritt/AAP

Australia needs higher taxes, not spending cuts

The federal budget balance is expected to deteriorate. The reasons are numerous but, in a lengthy statement, the government sums it up in terms of two key factors. These are: the softer economic outlook…

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