Articles on Federal Budget 2017

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The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget. Lukas Coch

Budget 2017: bank populism will be paid for by Australians

The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
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.
This budget, led by Scott Morrison and Malcolm Turnbull, will form part of the government’s repositioning as an advocate of equal opportunity and fairness. AAP/Mick Tsikas

How the politics of the budget might play out for a government in trouble

The Turnbull government is desperately trying to develop a more convincing economic narrative around good economic management, nation-building and fairness.
Scott Morrison is digging in behind the government’s changes to the way schools are funded. AAP/Lukas Coch

Catholics vow to go hard in schools fight with government

Scott Morrison has a lot on his plate ahead of Tuesday night's federal budget, including Catholic schools unhappy at how the school funding changes will affect them.
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.
Older Australians are not deterred by financial barriers as much as emotional ones, when it comes to downsizing. www.shutterstock.com

Why older Australians don’t downsize and the limits to what the government can do about it

When people do downsize, financial incentives are generally not the big things on their minds. And so most of the budget’s financial incentives will go to those who were going to downsize anyway.
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.
The budget is a centrepiece of fiscal policy in Australia. Julian Smith/AAP

The real reason Scott Morrison is playing down the budget

Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.
A man has his fingerprints scanned by a U.S. Border Patrol agent while others wait their turn. Reuters/Jeff Topping

Is the US immigration court system broken?

The system is backlogged and inefficient. Trump's commitment to strict immigration enforcement will likely make the problem worse.

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