The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg.
Mick Tsikas/AAP
The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.
Gaetjens was Peter Costello’s chief of staff, and NSW treasury secretary under a Liberal government.
Mark Graham/AAP
The issue is not that a person has served “up the Hill” - something seen as desirable all round - but how long they’ve been there and how strongly identified they’ve become with one side of politics.
Gaetjens recently left the job of Treasurer Scott Morrison’s chief of staff, a position he also held with Peter Costello.
Gary Ramage/AAP
Phil Gaetjens, who has served as chief of staff to two Liberal treasurers, will now run the Treasury department, after the early resignation of the current secretary, John Fraser.
Scott Morrison released Treasury costings he has had done of Labor’s tax policies.
Daniel Munoz/AAP
Labor’s ‘dark vision’ that valued ‘envy and populism’ over growth would suffocate Australia’s economy, Scott Morrison has said.
Running out of options. Finance Minister Malusi Gigaba speaks after delivering his medium term budget.
REUTERS/Sumaya Hisham
South Africa’s 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
South Africa needs to decide if it will continue to waste public money on its national carrier, or incur the costs of letting SAA go bankrupt.
Shutterstock
There is no good case for bailing out South African Airways, it’s simply a matter of avoiding a potentially catastrophic debt default.
The Treasury says we need to raise productivity growth.
AAP
Spurring productivity growth requires innovation. Not just in products, but in our business models and management practices.
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
Wonky forecasts show it’s time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
Former Finance Minister Pravin Gordhan flanked by Deputy Minister Mcebisi Jonas and Director General Lungile Fuzile.
GCIS
The framing of the prevailing political protests in South Africa shows too much focus on the role of individuals. This is dangerous in hearkening back to the flawed Great Man Theory.
South Africa’s cabinet reshuffle saw Malusi Gigaba become finance minister and Sifiso Buthelezi his deputy.
REUTERS/James Oatway
A captured South African Treasury is bad news for the country’s poor but the view that the capture is a natural enemy of the market economy is a myth.
The sacking of South Africa’s Finance Minister Pravin Gordhan has created uncertainty about the future of the country’s finances.
Nic Bothma/EPA
The removal of South Africa’s finance minister, Pravin Gordhan, is the greatest threat to public finances experienced in the post 1994 era.
South Africa’s Minister of Finance Pravin Gordhan flanked by his deputy Mcebisi Jonas and Director-General Lungisa Fuzile.
GCIS
A lot more goes into the making of South Africa’s final national budget than many people realise. The process involves extensive legalities designed to ensure public oversight.
South Africa’s Finance Minister Pravin Gordhan has a tough job of rekindling a weak economy.
REUTERS/Siphiwe Sibeko
With stalled economic growth and threats of credit rating downgrade, South Africa’s 2017/18 budget will need to dig deep to foster recovery.
Eskom power lines. South Africa’s power utility may be in a much weaker financial position than generally appreciated.
EPA/KIM LUDBROOK
A closer look into the latest financial numbers of South Africa’s state power utility, Eskom, suggest that it may be in a more vulnerable position than appreciated.
The 2016 South African local government elections showed the country moving away from single party dominance.
Rogan Ward/Retuers
Recent political events suggest that South Africa is at a crossroad where it could either be tipped into a fully corrupted state or saved by multi-party plurality
bikeriderlondon/Shutterstock
Action on Sugar doesn’t think much of David Cameron’s childhood obesity strategy, but will May do any better?
Do the Chancellor’s sums add up.
Sean McGee Hicks/Flickr
Rates of corporation tax have a very human impact.
Osborne, managing expectations?
Daniel Leal-Olivas/PA
Part two of British chancellor George Osborne’s case for staying put is realistic but flawed.
The Federal Budget is put together by the Department of Finance and Treasury, unlike PEFO.
Mick Tsikas/AAP
The Pre-election Fiscal Outlook shows two things, the ridiculousness of 10 year forecasts and that we need a tougher Parliamentary Budget Office.
Australia’s AAA rating is in the spotlight.
AAP/Dean Lewins
Relying on a rebound in world growth in the medium term would be a ‘dangerous strategy’ for Australia.