South Africa's finance minister Malusi Gigaba failed to impress when presenting the eagerly awaited 2017 medium term budget.
Running out of options. Finance Minister Malusi Gigaba speaks after delivering his medium term budget.
South Africa's 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Finance Minister Bill Morneau and Prime Minister Justin Trudeau leave the Prime Minister’s office holding copies of the federal budget in Ottawa in March. Would Canada benefit from a Budget Honesty Charter of the type that’s had success in Australia?
(THE CANADIAN PRESS/Sean Kilpatrick)
Australia's Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.
South Africa waits with bated breath for the 2017 medium term budget policy statement from new Finance Minister Malusi Gigaba, as it might reveal key signals of where economic policy is headed.
South Africa’s previous finance minister, Pravin Gordhan, delivering his medium term budget last October.
The amendments to South Africa's Money Bills Act don't go far enough - for one, they do not address incoherence in Parliament's oversight of taxes.
Blessed with mineral royalty payments, the Western Australian Government has seen its allocation of GST revenue slashed.
The government shouldn't cave to WA's calls for a change to the way GST is divvied out. The current system has served Australia well.
Consumers continue to view private health insurance as poor value for money.
The 30% subsidy for private health insurance was predicted to be a bad and costly policy many years ago. And 20 years later, the only thing that's changed is the $6 billion-plus hole in the budget.
The government is beginning the process of changing the spending culture, Scott Morrison says.
The government will highlight in its May 9 budget a distinction between 'good' debt, incurred to boost growth, and 'bad' debt, used to finance welfare and other recurrent spending.
The budget is a centrepiece of fiscal policy in Australia.
Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.
What has been lost in stating the case for South Africa's credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
The sacking of South Africa’s Finance Minister Pravin Gordhan has created uncertainty about the future of the country’s finances.
The removal of South Africa's finance minister, Pravin Gordhan, is the greatest threat to public finances experienced in the post 1994 era.
Assets held until the retirement phase in super, can then be sold with no, or minimal, capital gains tax payable.
The government has yet to address a major incentive to put assets into super and hold them until the retirement phase.
South Africa’s Minister of Finance Pravin Gordhan flanked by his deputy Mcebisi Jonas and Director-General Lungisa Fuzile.
A lot more goes into the making of South Africa's final national budget than many people realise. The process involves extensive legalities designed to ensure public oversight.
South Africa’s Finance Minister Pravin Gordhan has a tough job of rekindling a weak economy.
With stalled economic growth and threats of credit rating downgrade, South Africa's 2017/18 budget will need to dig deep to foster recovery.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit.
Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
Treasurer Scott Morrison is also a fan of charts.
Economist Ross Guest unpacks some of the key numbers in the government's mid year budget update, with seven charts.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened.
While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
South Africa faces a possible downgrade by credit rating agencies.
Credit ratings have an impact on government, as well as ordinary people. This article was first published last year as South Africa faced a possible downgrade.
Many seniors pay less than younger workers on the same income as a result of special tax breaks for seniors.
The federal government could save about A$1 billion a year by changing three unfair tax breaks for older Australians, a new report says.
Eskom power lines. South Africa’s power utility may be in a much weaker financial position than generally appreciated.
A closer look into the latest financial numbers of South Africa's state power utility, Eskom, suggest that it may be in a more vulnerable position than appreciated.