South Africa’s finance minister, Tito Mboweni, delivering his mid-term budget.
A major concern is that the government’s resolve is strongest on policies that are actually quite suspect.
Unmarried parents spend, on average, several hundred dollars less on each child annually.
Single parents and unmarried parents who live together spend less on their children than married parents.
Since WWII, there’s been strong partisan support for military spending.
While the US has the most powerful military machine in history, it is also incomparably the most expensive – and members of Congress work aggressively to maintain it.
Henry Rotich - Kenya’s Cabinet Secretary for the National Treasury
Some areas of concern remain. These include the mobilisation of local resources, reduction of the fiscal deficit and stabilisation of the national debt.
South African parliamentarians need impartial and expert advice about public finance issues.
With the current state of the South African economy and public finances, the Parliamentary Budget Office could play a major role in ensuring that this happens. But the office is in complete disarray
Cutting back on dividend imputation will pay dividends to Labor budgets for years to come.
Bigger surpluses, lower debt and tax cuts baked in the Coalition's worst nightmare come true.
Taxing harmful behaviour like smoking and gambling have become too lucrative for governments to turn away from.
Governments are addicted to tax revenue from harmful activities. It is stopping them from doing what is in society's best interests.
On tax, Shorten one-upped the Liberals, offering bigger immediate tax cuts to 3.6 million taxpayers who earn under $48,000.
The opposition aims to put Medicare at the forefront of its campaigning, as it did in 2016. But there is a notable difference.
Frydenberg may claim education is critical to the prosperity of our country, but his budget does not reflect this.
The government has delivered a pretty disappointing budget for education, with no secure funding for early childhood education and a recycled commitment of $300 for schools.
Mick Tsikas(AAP)/The Conversation/Shutterstock
Peter Martin and Tim Colebatch on Budget strategy and numbers.
CC BY 14.2 MB (download)
From inside the budget lockup, Peter Martin and Tim Colebatch shared their reactions to the pre-election budget.
The budget provides some short-term boosts for aged care and mental health but little opportunity for much-needed structural reform.
The budget includes a step towards modernising Medicare, through a new annual payment for each person with diabetes who signs up with a specific GP.
A theme in Frydenberg’s speech was that the government was taking its initiatives all “without increasing taxes”.
Lukas Coch(AAP)/Rohan Thomson(AAP)/The Conversation
The government wants this election to be all about tax. The tax cuts you will get, now and later. And the “higher taxes” that Bill Shorten would impose.
It’s a bit of a mystery how the government has made net debt disappear, but there are clues.
Wes Mountain/The Conversation
Peter Costello's Future Fund is funding the apparent elimination of government debt.
Treasurer Josh Frydenberg warned about the economic outlook.
The budget – the first brought down by Treasurer Josh Frydenberg – doubles the tax relief that average earners were due to receive within weeks, from $530 in last year’s budget to $1,080.
Frydenberg’s tax cuts are retrospective, but no-one will be complaining.
It's a cash splash worthy of Rudd, and it will push an extra $3.5 billion into the economy within weeks.
The budget points to weaker times ahead unless wages and spending pick up.
Wes Mountain/The Conversation
Booming global commodity prices have masked the impacts of a weakening economy. With luck, the budget will be the shot it needs.
South Africa’s Finance Minister Tito Mboweni preparing to deliver the budget.
South Africa's latest budget was a necessary stop-gap after the ravages of the past decade. But it didn't have ideas that addressed the needs of poor people.
As happened during the last budget boom, the government will spend it (quite likely on tax cuts) leaving little for when things turn down down the track.
History suggests the government will spend most of the extra $10 billion per year that the MYEFO will reveal on Monday. The only problem is, those riches won't last.
Newstart should be lifted by mush more than usually proposed, a new ANU algorithm finds.
A new ANU computer algorithm can provide near instant answers about how to get the best bang for welfare dollars. It says we should boost Newstart and cut either pensions or family benefits.
South Africa’s Finance Minister Tito Mboweni must answer several big questions about the country’s economic plans.
The damage done during the preceding decade will have a negative effect on South Africa's public finances and the economy for some time to come.