Hoping for the best is not a budget management strategy: but Australia can set realistic goals.
Focusing on progress – not just achievement – and investing in improving teaching practice will help to lift slipping standards in Australian schools.
At best, there will be no new public money, just shuffling funds between programs. At worst, higher education will help reduce the budget deficit.
Bigger cities increase wages, output and innovation, but also problems of congestion and pollution. Congestion charges can minimise these problems by dramatically improving traffic flows.
Australia's energy policy has lost its way over the past couple of decades, which is unfortunate because the challenges – to move to a low-carbon economy without high prices – have never been tougher.
Health policy was an important factor in the election outcome, but one of the most important issues in the health sector – the impact of out-of-pocket costs – was mostly ignored.
What are the key policy challenges facing the new Turnbull government in terms of economic growth and budgets, cities, transport, energy, school education, higher education and health?
With nearly 25 years of uninterrupted economic growth at risk of coming to an end, the new government must make budget repair a priority.
The government should consider five options to increase economic growth.