Modern monetary theorists aren’t concerned with budget repair.
Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
Politicians talking budget deficits have a difficult message to sell.
National governments do not, and should not, behave like a private household.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened.
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.
Who’s doing it tougher?
Beyond debates about the avocado smash generation lies some misnomers on which generation had it better.
Makeshift beds on the streets of Sydney.
Not only is it cheaper to provide permanent supportive housing to the homeless, but the improvement to their lives is immeasurable.
Sydney’s WestConnex road project has a surprisingly low ‘worst case’ cost estimate.
Our infrastructure systems should promise what is worth having, and then deliver what is promised.
Of 1082 Indigenous specific.
programs identified in the report,
92% have never been evaluated to see if they are achieving their objectives.
A new report highlights how little we know about what works and what doesn't when it comes to publicly-funded Indigenous programs. It's a similar story in other policy areas – but we can do better.
Viewing wildlife in Yellowstone National Park, Wyoming.
National Park Service/Flickr
A new study estimates that Americans would pay US$92 billion yearly in extra taxes to protect national parks. The finding underlines calls from experts for more money to preserve and maintain the parks.
Did Greens leader Richard Di Natale quote the right cost for offshore detention in his National Press Club speech?
Was Greens leader Richard Di Natale right to say the government spends $3 billion each year on the "offshore detention centre regime"?
Politicians may like to cut ribbons, but there’s also good evidence public spending on infrastructure drives productivity.
Image sourced from Shutterstock.com
The work of David Aschauer could help the government put a more positive spin on spending.
Obama’s budget is very much alive.
Republicans immediately labeled the president's budget proposal dead on arrival, but the very nature of government means it remains very much alive.
We might be ambivalent about taxation because it challenges our sense of ourselves as individuals – and we may not trust governments to spend it properly.
Many of us are happy for governments to increase spending on public services, but we don't like the idea of higher taxes. There are some good reasons for this.
Was federal treasurer Scott Morrison right about falling government expenditure?
AAP Image/Mick Tsikas
Federal treasurer Scott Morrison said that expenditure as a share of the economy under this government is falling, not increasing. Is that right?
Treasurer Joe Hockey is expected to report this month that the budget balance is deteriorating in his mid-year economic and fiscal outlook.
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…
Victorian voters go to the polls this weekend having been bombarded with myriad spending promises from the Coalition and Labor. Major promises from the Coalition government include: $3.9 billion for 75…