Articles on Budget

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There are claims President Jacob Zuma may push through irresponsible proposals relating to higher education funding. Reuters

What the hijacking of South Africa’s Treasury means for the economy

The imposition of the fee free higher education proposal on South Africa's National Treasury without due consideration represents an escalation of the state capture led by President Jacob Zuma.
Finance Minister Bill Morneau and Prime Minister Justin Trudeau leave the Prime Minister’s office holding copies of the federal budget in Ottawa in March. Would Canada benefit from a Budget Honesty Charter of the type that’s had success in Australia? (THE CANADIAN PRESS/Sean Kilpatrick)

Should Canada emulate Australia with a ‘budget honesty’ charter?

Australia's Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.
The government is beginning the process of changing the spending culture, Scott Morrison says. Dan Himbrechts/AAP

Budget to distinguish good and bad debt

The government will highlight in its May 9 budget a distinction between 'good' debt, incurred to boost growth, and 'bad' debt, used to finance welfare and other recurrent spending.
The budget is a centrepiece of fiscal policy in Australia. Julian Smith/AAP

The real reason Scott Morrison is playing down the budget

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.
Assets held until the retirement phase in super, can then be sold with no, or minimal, capital gains tax payable. www.shutterstock.com

Despite superannuation changes, one tax loophole remains

The government has yet to address a major incentive to put assets into super and hold them until the retirement phase.
South Africa’s Minister of Finance Pravin Gordhan flanked by his deputy Mcebisi Jonas and Director-General Lungisa Fuzile. GCIS

Explainer: the nitty-gritty of South Africa’s annual budget

A lot more goes into the making of South Africa's final national budget than many people realise. The process involves extensive legalities designed to ensure public oversight.
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.

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