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.
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.
Treasurer Scott Morrison is also a fan of charts.
Economist Ross Guest unpacks some of the key numbers in the government's mid year budget update, with seven charts.
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.
South Africa faces a possible downgrade by credit rating agencies.
The upcoming credit ratings reviews are likely to not only have an impact on government, but also on ordinary South Africans.
Many seniors pay less than younger workers on the same income as a result of special tax breaks for seniors.
The federal government could save about A$1 billion a year by changing three unfair tax breaks for older Australians, a new report says.
Eskom power lines. South Africa’s power utility may be in a much weaker financial position than generally appreciated.
A closer look into the latest financial numbers of South Africa's state power utility, Eskom, suggest that it may be in a more vulnerable position than appreciated.
South Africa needs to forge new partnerships between government, business and civil society.
A lot was expected from the South African finance minister's 2016 medium term budget which came amid an unfolding economic crisis including the higher education funding gap.
President Jacob Zuma Sleeping in Parliament during medium term budget presentation.
The video which shows South African President Jacob Zuma sleeping in parliament during the 2016 mid term budget is symptomatic of a much larger problem of lack of respect for the public.
South Africa’s Finance Minister Pravin Gordhan is fighting against economic predators.
South Africa's Finance Minister Pravin Gordhan spoke of protecting the economy from predators. This is commendable but not enough to build an inclusive economy.
South Africa’s Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas have their work cut out.
South Africa's 2016 medium term budget has to rank as one of the most difficult that its finance had to deliver amid many political controversies.
South Africa’s finance minister Pravin Gordhan in a balancing game
South Africa's finance minister, Pravin Gordhan, had to battle poor growth and falling revenue in preparing the 2016 medium term budget. How did he do?
Thousands of students marched to parliament where South Africa’s finance minister presented his mid-term budget.
Finance minister Pravin Gordhan announced that government expenditure on higher education and specifically universities will be the fastest growing expenditure items on the budget.
Chinese graduates celebrate. A university degree is a passport to a better life
There is no such thing as ‘free higher education’. Someone has to pay. And the reality is that low, or no tuition fees benefit middle and high-income families.
The government is keen to push its omnibus savings bill through parliament.
We need to ask on what basis the government is making its budget savings a 'moral' issue, and how the opposition can possibly support it.
Generous superannuation tax breaks for the rich are creating inequality, analysis shows.
Both the government and opposition's proposed reforms to the superannuation system will target generous tax breaks given mostly to wealthy retirees.
In his Bloomberg Address on Thursday Scott Morrison talked of ‘the taxed and the taxed-not’.
Treasurer Scott Morrison has given notice of a fresh assault on the crucial challenge of budget repair. Let’s hope he and Malcolm Turnbull have learned from the unfortunate self-destructing experience…
Labor leader Bill Shorten has shown, with the announcement of the party’s super plan, that he’s willing to cooperate with the government on some measures.
Labor's superannuation plan shows some promise for budget repair, if the two parties can compromise where it counts.
Bill Shorten will say in a speech that his package would save more than $80 billion over a decade.
Bill Shorten on Wednesday will propose a budget repair package worth $8 billion over the forward estimates.
Outgoing Reserve Bank of Australia Governor Glenn Stevens makes his last public speech as head of the RBA.
The challenges ahead for Australia include sustaining a stronger growth outlook.
Former Treasurer Wayne Swan first introduced the idea of a post-election costing of policies.
The 2016 post-election report from the Parliamentary Budget Office lacks context and comes too late to inform voters.