In a surprising move, a US District Court has charged five members of the Chinese military with hacking six US companies to obtain commercial secrets over the last eight years. The move has been denounced…
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This past Tuesday was another bad day for Australian federalism: the Abbott government’s first budget announced the axing of the COAG Reform Council and the withdrawal of a promised A$80 billion from health…
As public hearings into the Future of Financial Advice’s Senate inquiry begin on Thursday, it’s probably not overstating the case to say the financial planning industry is at a crossroads. With the F0FA…
Everybody would agree that growth, defined as a steady increase in gross domestic product, is a necessary condition for economic development. There is simply no country that has reduced poverty and improved…
The states have some justification in being annoyed about being stripped of $80 billion worth of federal funding for health and education funding. These programs were negotiated on the basis of shared…
The federal budget proposal to uncap university fees could be taken as a blank chequebook for both universities and self-accrediting colleges offering higher education services. On the ABC’s 7.30 program…
Tony Abbott’s 2013 election platform promised to “restore accountability and improve transparency measures to be more accountable to you”. In spite of this promise the first Abbott government budget will…
The norm of permanent full-time terms of employment is under serious challenge. In Australia today more than one-third of employed people work on more variable terms – in particular as casuals (19%), independent…
Opposition leader Bill Shorten has vowed to oppose funding cuts to hospitals, schools and higher education in his budget in reply speech, threatening more than A$10 billion in budget savings proposed by…
The 2014 Budget has been variously celebrated and reviled as a “budget for corporate Australia”. But this assessment is based on the premise that corporate tax cuts and infrastructure spending will provide…
This week’s budget was clearly highly political. The question is what its economic impact will be. My overall assessment is that the Abbott government has burnt too much political capital for too little…
Joe Hockey’s first budget does not contain much tax reform, in spite of headlines on the “temporary budget repair levy”. It does contain some very big cuts to spending in the short and longer term - consistent…
Over the last few years our economic debate has focused on the budget deficit and government debt, displacing other aspects of economic policy. To Labor’s cost Wayne Swan made the deficit the centrepiece…
Our budget coverage continues with interviews firstly with Finance minister Mathias Cormann and then Shadow Finance Minister Tony Burke. Listen to both interviews in this podcast.
You can’t fault a treasurer for trying to put the best possible spin on budget numbers — and that’s certainly what Joe Hockey did last night. The most important numbers, of course, are the deficit projections…
Have you ever ‘googled’ your name? Many people do, and some find search results about themselves they rather not find publicly available on the internet. The question is; what do you do when that happens…
Joe Hockey says that this budget shares the pain. But what is the right share for whom? This budget is like all the others – it lacks a compass that tells us the overall effect of government spending and…
Treasurer Joe Hockey’s first budget creates a clear path almost to a surplus. Our children will pay much less for current spending. Real political courage was required to get this far. But the budget also…
The Abbott-Hockey government is continuing to budget for a deficit. This means it is pumping more spending into the economy than it is taking out. The amount of this stimulus is being reduced; the size…
Professorial Fellow at the University of Canberra, Michelle Grattan discusses 2014-15 Federal Budget with former economics editor of The Age, Tim Colebatch. Listen the podcast here.
The Abbott government has committed an additional A$11.6 billion for an “infrastructure growth package” that is heavy on roads, but aimed at fast-tracking what it considers critical infrastructure. The…
Since publication this infographic has been amended. The original version stated the NDIS was scaled back. There are no planned cuts to the funding of the NDIS.
The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
The proposed sale of the Royal Australian Mint, expected to be announced in tonight’s Federal Budget, raises significant issues that should be addressed by the Coalition government before they go further…