With the Australian economy expected to be 6% smaller by mid-next year, when compared with the end of last year, Josh Frydenberg has delivered a sombre outlook.
This week marked the fiftieth anniversary of the senate vote to set up a system of committees to scrutinise government. In a time where question time is frequently farcical, such a system is essential.
Under a new national security test the foreign investment review board will have to be notified by foreign investors hoping to secure a ‘sensitive national security business.
The government has announced it’s $17.6 billion stimulus package, focused on investment in business, boosting cashflow, and putting cash in the hands of lower income earners.
The Morrison government has announced a funding partnership with the states expected to see A$1 billion extra spent to deal with health costs around the coronavirus.
Treasury Secretary Steven Kennedy with Finance Minister Mathias Cormann at Senate estimates on Thursday.
Mick Tsikas/AAP
Peter Martin, Crawford School of Public Policy, Australian National University
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.
The economy is weak, but it isn’t a crisis. Treasury Secretary Steven Kennedy addresses Senators on Wednesday.
Mick Tsikas/AAP
Peter Martin, Crawford School of Public Policy, Australian National University
Treasury Secretary Steven Kennedy says its up to the Reserve Bank to boost the economy. In normal times, that’s not his job.
On Monday week, Morrison will set out in detail his thoughts on the public service in an address to the Institute of Public Administration.
Brian Cassey/AAP
The public service is a soft target, and Scott Morrison has already had it in his sights, telling it to remember the old adage – that it is on tap and the government is on top.
Previous head of Treasury, and one-time chief of staff for Scott Morrison has been appointed the new head of the prime minister’s department.
Lukas Coch/AAP
While the Treasury secretary says House Democrats lack a ‘legitimate’ reason for demanding Trump’s tax returns, a former IRS attorney explains that the law says otherwise.
Treasurer Josh Frydenberg verballed his department.
ROHAN THOMSON/AAP
All these years later, Treasurer Josh Frydenberg has failed to learn from Bowen’s mistake. He has misused and verballed his department, and been caught out.