Beyond short-term revenue and expenditure, Australia’s structural deficit continues to grow.
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The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Voters will hear a lot about productivity in the lead up to the budget. The key thing to remember is that it’s a very rubbery concept, enormously tricky to measure and highly politicised.
