Articles sur Budget

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MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit. Mick Tsikas/AAP

There are two big political problems buried in the latest budget update

Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
Many seniors pay less than younger workers on the same income as a result of special tax breaks for seniors. www.shutterstock.com

Why special tax breaks for seniors should go

The federal government could save about A$1 billion a year by changing three unfair tax breaks for older Australians, a new report says.
Eskom power lines. South Africa’s power utility may be in a much weaker financial position than generally appreciated. EPA/KIM LUDBROOK

Why South Africa’s power utility isn’t in great financial shape

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.
In his Bloomberg Address on Thursday Scott Morrison talked of ‘the taxed and the taxed-not’. David Moir/AAP

Watch your language, Scott Morrison

Treasurer Scott Morrison has given notice of a fresh assault on the crucial challenge of budget repair. Let’s hope he and Malcolm Turnbull have learned from the unfortunate self-destructing experience…
Labor leader Bill Shorten has shown, with the announcement of the party’s super plan, that he’s willing to cooperate with the government on some measures. Mick Tsikas/AAP

A super test for Australia’s political system

Labor's superannuation plan shows some promise for budget repair, if the two parties can compromise where it counts.

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