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Articles sur Budget deficit

Affichage de 21 à 40 de 59 articles

“This review…is really just a bone to Pauline Hanson. The government needs her vote in the senate,” says Michelle Grattan on the controversial appointment of Hanson as deputy chair of the committee. Mick Tsikas/AAP

VIDEO: Michelle Grattan on the family law inquiry - and the UN climate change summit

Michelle Grattan discusses the government’s new family law inquiry, and Australia being banned from the speaking list at the upcoming UN climate change summit.
The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg. Mick Tsikas/AAP

Battle won. Our budget woes are behind us

The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.
Because the threshold for the Medicare levy exemption is based on family income, the reform will reinforce the move towards higher effective tax rates on low income second earners in a family. Joe Castro/AAP

Shifting the tax burden to middle-income earners will undermine jobs and growth

With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
Modern monetary theorists aren’t concerned with budget repair. Joel Carrett/AAP

Explainer: what is modern monetary theory?

Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
Scott Morrison and Mathias Cormann speak to the media after the release of MYEFO in Canberra on Monday. Lukas Coch/AAP

AAA rating saved despite bigger deficits in budget update

The government has made a concerted bid to reinforce Australia’s AAA credit credentials by ensuring the budget is still projected to return to surplus in 2020-21.
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…
Malcolm Turnbull says he and his ministers are engaging with all the Senate crossbenchers to seek support for a responsible policy approach. Aaron Bunch/AAP

Turnbull to Labor: pass our $6 billion savings bill

The government will test Labor’s bona fides early in the new parliament with an ‘omnibus bill’ containing more than $6 billion in savings it says the ALP flagged at the election it would support.

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