The budget is a centrepiece of fiscal policy in Australia.
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.
With widening income differences and growing social divisions, citizens are less willing to support each other and taxpayers less willing to pay taxes.
Analysis shows that rising inequality over the past 20 years makes it harder to increase taxes and makes citizens less willing to pay them.
A zero rate for business could actually be a progressive move and would reflect the anti-bureaucratic spirit of Brexit.
Athens can celebrate two consecutive quarters of growth. Berlin must stomach some weakness. Everyone should remember cheap money isn't free money.
Donald Trump’s fiscal policies will struggle to meet both his rhetoric and his supporters’ expectations.
Trump's trickle-down economic ideas to cut taxes and invest in infrastructure may not go to plan. So it's not the type of fiscal policy leadership the world needs.
Staying put: Mark Carney.
The central bank's governor is locked into a white-hot political spat, but what can he actually do in the next two and a half years?
Australian Treasurer Scott Morrison says interest rate cuts are a ‘matter for the RBA,’ but he doesn’t want them to fall any lower.
While Australia faces its greatest economic challenges in a generation, we are still waiting for the greatest economic reformers in a generation to arrive.
Persistent low growth shows fiscal and monetary policy aren’t working.
In the battle against slow economic growth, perhaps the government and Reserve Bank should try doing nothing and let the economy restore itself.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Much like a Rio Olympics basketball match, the United States’ economy is coming out on top while Australia lags behind.
The US economy is improving off the back of jobs figures while in Australia, the government is being warned by the Reserve Bank to step up its game.
The Iraqi people continue to call for government reforms cracking down on corruption.
Methaq Al Fayyadh/Newzulu/AP
Why is it that we want strong democracies for ourselves, but "economic czars" for others?
The budget hasn’t got any slimmer in recent years, but it is less useful.
There's a reason it's getting harder to get any value from the budget.
South Africa’s Finance Minister Nhlanhla Nene has a difficult task of performing a balancing act as the country’s economy grows slowly.
South Africa needs to spend more to stimulate economic growth. But this should not be unproductive or wasteful expenditure.
Calm in a crisis.
The upcoming emergency budget will offer the chancellor of exchequer, George Osborne, an opportunity to set up his stall as an unofficial candidate to the leadership of the Conservative Party. No other…
Fiscal policy can take up where monetary policy leaves off.
Comments by RBA Governor Glenn Stevens that monetary policy in the form of lower interest rates may have reached its limits, needs to prompt debate on fiscal policy taking over.
One big tax code?
The 1215 Magna Carta was a peace treaty between King John and the barons, and in many ways a financial one at that.
Fundamental shifts in the Australian economy have resulted in structural budget deficit.
In our federal budget explainer series, Guay Lim explains what Australia's structural deficit really means.
The continuation of Barnett is sure to meet opposition from other parties.
From autonomy to responsibility: the SNP's manifesto goes beyond the Scottish border.
Try to look past the apostrophe…
The election campaign has so far skirted round the genuine dangers which face whoever is in Downing Street next month.
Making it count. Why voters vote.
While Conservative pundits wonder why high scores for economic competence aren't boosting poll numbers, some clues might lie away from financial measures.