Articles on MYEFO

Displaying 1 - 20 of 34 articles

Tony Abbott launched the Green Army program, and remains a big fan. AAP Image/Britta Campion

Why give the Green Army its marching orders?

The possible axing of the Green Army, which aimed to put thousands to work tending conservation projects, leaves many questions unanswered - the biggest being the reason for the sudden retreat.
More than three in every four Medicare-billed pathology tests are analysed by one of two big corporations: Sonic Healthcare and Primary Health Care. Soda_O2/Shutterstock

Blood money: pathology cuts can reduce spending without compromising health

Industry consolidation and technological advances have completely reshaped the pathology industry over recent decades. But the way governments pay for pathology services hasn’t kept up.
Scott Morrison and Mathias Cormann unveil the Mid Year Economic and Fiscal Outlook for 2015-2016.

MYEFO 2015 at a glance

The government has revised down its forecast for economic growth to 2.5% and an expected deficit of $37.4 billion.
Australian aid can make a difference to the lives of millions – but there are few votes and little media interest in it, so it’s an easy target for budget cuts. John Bransby/Department of Foreign Affairs

A fair budget? Not for the poor losing Australian aid in record cuts

Foreign aid will fall to close to 90 cents in every A$100 of federal government spending in the 2015 budget -- its lowest level ever.
Australia’s mid year budget figures reveal an even deeper reliance on China than has been thought. AAP/EPA/WU HONG

Why China remains our best hope to repair budget woes

Wayne Swan couldn’t do it. Joe Hockey has tried and failed. Getting the budget back in black is proving to be mission impossible. But it could be a whole lot worse. The Commonwealth Government’s bottom…
Amidst the hugging of cuddly animals, G20 leaders talked growth. Andrew Taylor/G20 Australia/AAP

2014, the year that was: Business + Economy

In April, Treasurer Joe Hockey set the tone for his economics policies in a speech in New York on what he referred to as ending the “entitlement culture”. Hockey, who had given a defining speech in 2012…
In the dark? Ignoring revenue has stymied Australia’s budget debate. Shutterstock

Without revenue, Australia can only have half a budget debate

The missing element in this week’s mid-year economic and fiscal outlook, and more broadly, in current government policy, stares Australians in the face. Revenue needs to be increased. Increasing taxes…
A$1.8 billion is no longer available to help populations in our neighbouring countries achieve a decent standard of health. Gates Foundation/Flickr

How cuts to foreign aid will reduce health care in the region

The federal government’s Mid-Year Economic and Fiscal Outlook announcement this week to cut the foreign aid budget by a further A$3.7 billion over three years is unprecedented. The current government has…
MYEFO increases the fall in the terms of trade forecast, meaning our income recession will deepen. AAP/Lukas Coch

MYEFO projections signal a deepening income recession

Australia is now in an income recession. A fortnight ago, when the National Accounts revealed a second quarter of negative growth in seasonally adjusted real gross domestic income, treasurer Joe Hockey…
To prevent future pain, the government can’t put off tough decisions on tax. Lukas Coch/AAP

Why it’s time to hike the GST and levy an inheritance tax

The government’s recent budget outlook (MYEFO) confirmed that the Australian government budget is rotten at the core. The government is hopelessly living beyond its means, with expenditure greater than…
This government is fond of comparing the economy to a household budget - but there is one really major difference. AAP/Lukas Koch

Why the federal budget is not like a household budget

Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut…

Top contributors

More