Articles on Budget

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Fast-spinning black holes don’t just exist in space – Queensland’s Liberal National and Labor parties are busy attacking each other’s strategies to cut debt, yet both have been guilty of having black holes in their plans. NASA/JPL-Caltech

Uncovering the black holes in plans to fix Queensland’s debt

Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…
Australian Treasurer Joe Hockey is facing the prospect of a budget blowout, thanks largely to a hostile Senate. Lukas Coch/AAP

Infographic: Hockey’s mounting budget black hole

The Conversation has undertaken a stocktake of the major budget savings measures opposed, at risk, or yet to be legislated. According to our analysis, which has been verified by Grattan Institute chief…
Many long-promised renewable and low-emission energy programs have been scrapped or cut back in the Coalition’s first budget. Lukas Coch/AAP

Billions axed in clean energy: renewable target is next

There are billions of dollars of broken promises in the Abbott government’s first budget for low-emission and renewable energy programs – and wiggle room to break even more in the next few years. Among…
A report criticising government oversight of a major Gladstone harbour dredging project has warned against cutting resources for environmental monitoring and compliance. Flickr/GreensMPs

Environmental job cuts risk a repeat of Gladstone failures

A long-awaited report on environmental failures at the biggest port along the Great Barrier Reef coastline and today’s federal budget may not seem connected – but if you read the report, it’s clear just…
Osborne in the spotlight - what’s in the red box? Dominic Lipinski/PA Wire

Budget 2014: how good politics can trump good economics

The days leading up the budget are hectic as many in the Treasury are busy devising financial gimmicks to please the electorate. This forthcoming budget is particularly important as next year’s budget…
Couldn’t happen here … or could it? Brian Mills

Budget 2015 could see a government shutdown in the UK

March 2015 could see a Washington-style impasse in the UK parliament over the government’s final budget proposals. The advent of coalition government, fixed terms in office, and a general resurgence of…
Chris Bowen’s mini budget doesn’t tackle the structural problems facing the Australian budget. AAP/Lukas Coch

Bowen’s band-aid mini budget

Chris Bowen, the new Labor Treasurer, has announced the government’s plans for savings and new sources of revenue to meet a budget shortfall with the aim of bring about the elusive budget surplus in 2016/17…
NSW Treasurer Mike Baird has highlighted the infrastructure spending in today’s NSW budget. AAP Image/ Tracey Nearmy

NSW Budget boosts infrastructure, delivers deficit: the experts respond

NSW Treasurer Mike Baird has handed down a state budget that predicts a return to surplus as early next year, with major spending on infrastructure as its showcase. The budget predicts a lower than expected…
The Gillard government’s Gonski reforms have a long way to go before reaching a school near you. AAP Image/Alan Porritt

Budget blowouts and states wrangles: where to now on Gonski?

Last week NSW signed up to the Gillard government’s proposed changes to school funding – a deal that would see a new funding model based on the Gonski review and an injection of A$5 billion into NSW schools…
Prime Minister Julia Gillard will today announce significantly lower than estimated tax revenue. AAP/ Shane Eecen

New hit to budget revenue

The estimate of budget tax revenue collection for 2012-13 has been further slashed, with the Treasury now saying it will be $12 billion less than forecast in October. The revision is another blow to a…
Without considerable changes to Australia’s fiscal policies, both state and federal governments are likely to face significant budget deficits for the next ten years. AAP

Australian governments face a decade of budget deficits

Structural changes in the economy are likely to leave Governments across Australia facing budget deficits of around 4% of GDP for at least the next decade, according to research released today. The Grattan…
Now that Prime Minister Julia Gillard has announced the date of the federal election, can the business community expect more certainty about policy directions? AAP

PM’s election call is hardly a boon for the business community

Julia Gillard has now confirmed what everyone already knew: there will be an election sometime in August or September this year. We now know the precise date: September 14. That is also the Jewish Day…

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