South Africa’s National Treasury now proposes to reduce salaries. On the face of it this seems sensible. But the fundamental issue is the structure of the public service.
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Articles on Debt to GDP ratio
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It’s economics 101: to pay down debt, you must restrict spending or raise taxes. To stoke an economy, you’ve got to do the opposite. So which way will this government go?
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
High levels of government debt won’t hurt economic growth in the medium and long-term, according to a new paper released by the International Monetary Fund. The research findings contradict earlier arguments…
The Australian Parliament is deadlocked on a bid by the government to increase the debt ceiling from A$300 billion to A$500 billion. The Greens have flagged a willingness to drop the ceiling entirely…
There continues to be a great debate around Australia’s fiscal position. Yet, budget deficits are, in fact, a natural outcome of the business cycle. In a policy brief, co-authored by myself and colleagues…
“We have among the lowest of budget deficits and debt to GDP of any other major economies in the developed world… If it’s so bad, Mr Abbott, why have we been given by the three ratings agencies a AAA credit…
The debate about long-term public finance and the role of government is one that is most definitely needed. However, there are two aspects to this debate that are often conflated. First, there is the issue…
Labor has said all options are on the table to address Australia’s structural deficit and falling tax revenues, following disclosure this week of a $12 billion revenue shortfall, just weeks from the federal…
Liberal MP Andrew Robb has criticised the rise in public debt under the current Gillard government in a recent ABC radio interview. During the interview, Robb claimed growth in public debt was excessive…
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