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With the 2017 Federal Budget release fast approaching, take a look back at the spending patterns of previous Australian governments. Lukas Coch/Alan Porritt/Dean Lewins/AAP

Government spending explained in 10 charts; from Howard to Turnbull

Total government spending has increased over time. But the pressure on the budget under a Turnbull government is more acute now than ever before, because spending is outpacing revenue.
The poll asked whether forecasting for the budget should be taken away from Treasury and be given to another independent agency. Lukas Coch/AAP

Leave budget forecasting to Treasury: economists

Polled economists say another independent body wouldn’t necessairly do a better job of economic forecasting for the budget than Treasury.
If wages just grow at the rate of the last 12 months, rather than at the higher growth in the budget forecasts, income tax collections will be A$7 billion less for 2019-20. Joel Carrett/AAP

Why biased budget forecasts make poor politics

Wonky forecasts show it’s time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
Many of the economists argued that the principle of the CGT discount is not a bad policy, however the level of the discount is generous and is open for abuse. Lukas Coch/AAP

Capital gains tax concession is too generous: economists poll

The Economics Society of Australia (ESA) Monash Forum polled economists on whether capital gains tax deductions for housing investment should be removed.
Despite all the proposals to combat housing affordability, Scott Morrison will need to make hard political decisions on policies that will actually make a difference. Lukas Coch/AAP

The latest ideas to use super to buy homes are still bad ideas

The latest thought bubbles about using super savings for housing might be less harmful than in the past, but they would be just as ineffective.
Generation X and Y are equally, if not more aggressive than baby boomers when investing in property. Chris Devers/Flickr

Business Briefing: how the attitudes of the next generation are changing the property market

Business Briefing: how the attitudes of the next generation are changing the property market The Conversation18.5 MB (download)
There's been a shift in attitudes to the property market over generations, from owning a home as a right, to owning a home as a commodity.

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