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.
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
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?
The world economy is inextricably linked with the US.
A lot has changed in the global economy since the Federal Budget 2016.
Federal Treasurer Scott Morrison will deliver the Mid Year Economic and Fiscal Outlook next week.
The US Fed meets expectations for a rate cut, Australia's unemployment rate heads upwards again, and all eyes look to the mid year budget update.
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Ahead of next week's mid-year economic and fiscal outlook, the government has been hit with the sobering news that real GDP shrunk in the September quarter.
Tony Abbott launched the Green Army program, and remains a big fan.
AAP Image/Britta Campion
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.
Government spending, in part, reflects the policy commitments and borrowings of previous governments.
AAP Image/Dan Himbrechts
Shadow treasurer Chris Bowen told journalists that since the last federal election, the government has had spending as a percentage of GDP at GFC levels. Is that right?
More than three in every four Medicare-billed pathology tests are analysed by one of two big corporations: Sonic Healthcare and Primary Health Care.
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.
Shadow Assistant Treasurer Andrew Leigh.
Michelle Grattan discusses the mid-year economic and fiscal outlook with Shadow Assistant Treasurer Andrew Leigh.
Scott Morrison and Mathias Cormann unveil the Mid Year Economic and Fiscal Outlook for 2015-2016.
The government has revised down its forecast for economic growth to 2.5% and an expected deficit of $37.4 billion.
Stephen Parker and Michelle Grattan take a look what confronts both Malcolm Turbull and Bill Shorten in the coming weeks.
Finance Minister Mathias Cormann and Treasurer Scott Morrison will next week deliver a grim mid-year economic and fiscal outlook.
Paul Millar/AAP Image
Having landed the innovation statement on a cloud of optimism, the Turnbull government faces some character-forming days in the coming week.
The budget deficit is going to be way more than $35 billion.
The MYEFO numbers aren't going to be pretty - but the projected future budget deficits are a fantasy.
Justin Trudeau’s contradictory promises to fund infrastructure but also balance the budget might resonate with Malcolm Turnbull.
Australia faces a remarkably similar list of challenges to Canada.
Too often the government's economic plans have relied on overly optimistic expectations of future growth.
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
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.
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
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.
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.
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…