Deloitte strongly argues the budget has a revenue problem, not just a spending problem – a proposition consistently rejected by Treasurer Scott Morrison.
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
The ageing of Australia contributes to its structural deficit.
Beyond short-term revenue and expenditure, Australia's structural deficit continues to grow.
The budget hasn’t got any slimmer in recent years, but it is less useful.
There's a reason it's getting harder to get any value from the budget.
Big Tobacco will go to extraordinary lengths to ensure moves to quell smoking rates fail.
Big Tobacco relies on tactics of deceit, delay and frustration which it has developed and refined over half a century.
A company tax cut favours large corporations at the expense of small business.
Image sourced from www.shutterstock.com
Business groups point to a GDP stimulus from a company tax cut, but modelling shows small businesses miss out.
The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
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.
Malcolm Turnbull appears to have built his government’s electoral strategy on contesting a double-dissolution election.
Australia’s 44th parliament may be coming to an end, but there will be plenty of political action before the 45th can start.
Under construction: it’s extremely hard to measure productivity in construction or any other sector.
AAP Image/Richard Wainwright
Voters will hear a lot about productivity in the lead up to the budget. The key thing to remember is that it's a very rubbery concept, enormously tricky to measure and highly politicised.
Malcolm Turnbull may find political realities make delivering promises impossible.
Turnbull's budget conundrum: promise too much and fail to deliver, or do too little and cruel his electoral chances.
Opposition Leader Bill Shorten says now is not the right time for corporate tax cuts.
After a GST increase to finance big income tax cuts disappeared as a viable option for the May budget, attention centred on reducing the 30% company tax rate. But, assuming the government goes ahead with…
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future.
Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
A handful of ideas to fix the tax system.
A better tax system and long-term budget sustainability starts with this blueprint.
Should students pay more towards their degree?
In the May Budget, the government may look for ways to shift the costs of higher education from the taxpayer to the student.
Prime Minister Malcolm Turnbull at the COAG meeting with state and territory premiers and treasurers.
Giving states the power to levy income tax won't make up for the shortfall in health and education funding and it could mean poorer states are worse off.
The Curtin Labor Government in 1942 started the process to take income tax from the states.
National Library of Australia
The states have historically fought to keep their income tax powers so it seems a joke to see a rejection of the Federal Government's proposal to give these powers back.
Paul Clintock, chairman of CEDA, says the report is trying to bring a balanced perspective to the budget debate.
The Committee for Economic Development of Australia (CEDA) is trying to refocus debate on repairing the budget for the future.
Labor Treasurer Ralph Willis was the first to deliver the budget in May.
AAP/National Archives of Australia
It wasn't always so.
During his regular Monday morning date with Ray Hadley, Scott Morrison insisted the budget was on May 10.
Malcolm Turnbull admits he did not make a call on Sunday night to tell Scott Morrison he was bringing the budget forward, but that draws attention to the obvious point – Morrison had abundant warning…
Treasurer Scott Morrison has backed away from the personal income tax cut he had been hinting at.
It's not easy to prove which type of tax cut will drive more jobs and growth.