Articles on Budget

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The government is beginning the process of changing the spending culture, Scott Morrison says. Dan Himbrechts/AAP

Budget to distinguish good and bad debt

The government will highlight in its May 9 budget a distinction between 'good' debt, incurred to boost growth, and 'bad' debt, used to finance welfare and other recurrent spending.
The budget is a centrepiece of fiscal policy in Australia. Julian Smith/AAP

The real reason Scott Morrison is playing down the budget

Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.
Assets held until the retirement phase in super, can then be sold with no, or minimal, capital gains tax payable. www.shutterstock.com

Despite superannuation changes, one tax loophole remains

The government has yet to address a major incentive to put assets into super and hold them until the retirement phase.
South Africa’s Minister of Finance Pravin Gordhan flanked by his deputy Mcebisi Jonas and Director-General Lungisa Fuzile. GCIS

Explainer: the nitty-gritty of South Africa’s annual budget

A lot more goes into the making of South Africa's final national budget than many people realise. The process involves extensive legalities designed to ensure public oversight.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit. Mick Tsikas/AAP

There are two big political problems buried in the latest budget update

Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
Many seniors pay less than younger workers on the same income as a result of special tax breaks for seniors. www.shutterstock.com

Why special tax breaks for seniors should go

The federal government could save about A$1 billion a year by changing three unfair tax breaks for older Australians, a new report says.
Eskom power lines. South Africa’s power utility may be in a much weaker financial position than generally appreciated. EPA/KIM LUDBROOK

Why South Africa’s power utility isn’t in great financial shape

A closer look into the latest financial numbers of South Africa's state power utility, Eskom, suggest that it may be in a more vulnerable position than appreciated.

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