Economic growth forecasts for Mozambique are being revised down. The country needs to safeguard economic stability by taking steps to break with the past.
The credit-ratings agencies are already circling to cut the UK’s grade if it votes to leave the EU. Here’s how their calculations work, and what we should do about it.
Greek Finance Minister Euclid Tsakalotos and IMF head Christine Lagarde.
Reuters/Francois Lenoir
Greece can learn a lot from Africa’s 1980s and 1990s experience of living with structural adjustment (austerity). The damage has been long-lasting – not only on economies, but also directly on people.
Queensland Treasurer Curtis Pitt has found a way for the state to dodge its growing debt.
Dave Hunt/AAP
After a decade of narrowing fiscal deficits, South Africa has borrowed heavily since 2009 to support the economy. The debt pile exposes the country to the risk of a sell-off by foreign bond holders
The move to challenge the leadership of Prime Minister Tony Abbott, coming soon after the shock Queensland election outcome, has in some quarters been blamed on a lack of appetite for reform on the part…
We all want governments to do more with our taxes, so should we be willing to pay more?
Photo sourced from Shutterstock.com
The same deep forces that were behind the election result in Queensland are being played out in Canberra. The Australian people want, although most won’t admit it, higher taxes – either now or in the future…
The federal budget deficit will blow out to A$40.4 billion in 2014-15, up from the $29.8 billion forecast in May’s budget, according to the Mid-Year Economic and Fiscal Outlook (MYEFO) released today…
Mining magnate Andrew Forrest might be be down $2 billion, but the decline in commodity prices is just one of many factors hurting Tony Abbott’s budget bottom line.
Nikki Short/AAP
In the wake of a falling iron ore price that has cut his personal fortune by more than A$2 billion, Andrew Forrest has remained unperturbed, saying: “I didn’t count on the way up, and I’m not counting…
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…
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years.
EPA/Harish Tyagi
Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…
All options considered: Treasurer Joe Hockey has unveiled a bleak outlook for the May federal budget.
AAP
Federal Treasurer Joe Hockey’s first budget update has revealed a massive blowout to the bottom line and a warning of a decade of deficits ahead. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO…
Education Minister Christopher Pyne has flagged the possibility of selling off Australia’s HECS debt to help raise funds for the government.
Alan Porritt/AAP
Education Minister Christopher Pyne has confirmed the government is considering securitising Australia’s HECS debt, and has referred the issue to the Commission of Audit. This has immediately attracted…