The government is proposing to save A$2.2 billion on education over the next four years, which will hit students the hardest.
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The cuts to higher education funding are more about making savings than improving higher education, and would be extremely hard to change in the future.
Slightly more optimistic economic figures gives Scott Morrison and the Turnbull government a boost heading into 2018, as the charts explain.
Lukas Coch/AAP and The Conversation
Seven charts on the highlights from the government’s mid year update of the budget.
Fewer government welfare recipients due to higher than expected employment growth provides a slightly stronger budget outlook for the Turnbull government as they head into 2018.
Lukas Coch/AAP
The improvements in the government’s debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
Watered down higher education measures, a stronger employment rate and lower than expected debt levels are the highlights for MYEFO 2017.
Lukas Coch/AAP
The government hasn’t abandoned its jobs and growth mantra in the budget update and remains optimistic despite lower growth and wages forecasts.
From the present financial year, the government will no longer be borrowing to pay for recurrent spending.
Mick Tsikas
The 2017 budget update will show an improvement in the outlook for debt compared with projections in May.