Articles on federal budget

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Malcolm Turnbull sets about the business of his returned government with the Secretary of Prime Minister and Cabinet, Martin Parkinson. AAP/Lukas Coch

The policy agenda: what the government should do now

With nearly 25 years of uninterrupted economic growth at risk of coming to an end, the new government must make budget repair a priority.
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future. Lukas Coch/AAP

Tony Abbott’s great big budget legacy

Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
Commission of Audit chair Tony Shepherd may well be asking: “What happened?” Lukas Coch/AAP

INFOGRAPHIC: Lessons in budget politics

The Commission of Audit set the high water mark for reform designed to protect Australia against an economic downturn. One year on, little of it has made it into policy.
Treasurer Joe Hockey is expected to report this month that the budget balance is deteriorating in his mid-year economic and fiscal outlook. Alan Porritt/AAP

Australia needs higher taxes, not spending cuts

The federal budget balance is expected to deteriorate. The reasons are numerous but, in a lengthy statement, the government sums it up in terms of two key factors. These are: the softer economic outlook…
When Joe Hockey argues against dole-bludgers is he talking about individuals - or the entire welfare state? Alan Porritt/AAP

Bludgers and battlers are back as Hockey takes aim at welfare state

Bludgers are back, and with them their traditional sparring partners, the battlers. The welfare changes in the Abbott government’s first budget have created fierce debate. On the side of the government…
Australia leads the world in water accounting standards, but this is at risk. Flickr/Chris Morin

Failing to account for water lets business down

As part of its budget cuts, the federal government plans to disband the Water Accounting Standards Board, which looks after water accounting. But is this leaving business high and dry? Water accounting…
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…
Debt; dollar; deficit - the mantra for this year, amid a turbulent political period. AAP

2013, the year that was: Business and Economy

Debt. Dollar. Deficits. Three little words so close to the hearts of our contributors in a year dominated by a critical federal election, a waning mining boom and continuing international turbulence. The…
Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Alan Porritt/AAP

Hockey can’t grow us out of trouble: lessons in budget repair

The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…

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