Articles on Deficit

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Slightly more optimistic economic figures gives Scott Morrison and the Turnbull government a boost heading into 2018, as the charts explain. Lukas Coch/AAP and The Conversation

Seven charts on the 2017 budget update

Seven charts on the highlights from the government's mid year update of the budget.
Each year the government runs a A$40 billion deficit, it increases the lifetime tax burden for households headed by a person aged 25 to 34 by A$10,000. Lukas Coch/AAP

Young Australians will wear the costs of Turnbull’s middle income tax cut

Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.

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