Articles on Fiscal austerity

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South Africa’s Finance Minister Pravin Gordhan is fighting to stave off a downgrade by ratings agencies. Siphiwe Sibeko/Reuters

South Africa is skating on thin ice as rating agencies weigh their options

South Africa has made some progress in fixing problems identified by ratings agencies. But there are a number of outstanding issues that might mean the country is given 'junk' status.
Students have been steadfast in their demands of universities and the South African government. But what might the unintended consequences be? Nic Bothma/EPA

Deepening inequality is the high price students will pay for free education

Social change has its own dynamic. This makes it an unpredictable, uncontrollable and unknowable force – one with often unintended consequences.
The “crowding out” theory underpinning arguments to slash government spending should be viewed with scepticism. Image sourced from www.shutterstock.com

‘Crowding out’ and the fallacy of fiscal austerity

In the lead-up to the federal government’s budget in May, we’ve been told to expect deep cuts in government spending. Such a policy is said to contribute to a short run decline in Australia’s economic…

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