Articles sur MYEFO

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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.
How does Australia’s economic growth shape up against the G7 countries? AAP Image/Joe Castro

FactCheck: what are the facts on jobs and growth in Australia?

Ahead of the Mid Year Economic and Fiscal Outlook, minister for defence industries Christopher Pyne said a lot of jobs were created in 2016 and Australia has the highest growth rate in the G7. Is that true?
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…

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