South Africa's finance minister delivered a good mix of macro and micro-economic strategies to ensure the country survives economic uncertainty, restores confidence and achieves some growth.
Even Congress gets into the Christmas spirit.
Reuters
The budgeting method seems to be back in vogue 39 years after Jimmy Carter introduced it to the federal government. So what is it and can it change our free-spending ways?
A budget without bite for tackling a shortfall of homes.
FreddieBrown
David Cameron has tried to claim the clothes of social justice for the Conservatives. It's time he took them off.
Two sides of the same coin? Convergence theory explains why the Labor and Liberal parties are often closer together on issues than they like to portray.
Mick Tsikas/AAP
Convergence theory – which holds that the main Australian political parties will, over time, converge upon near-identical policy positions on most issues – was on full display during budget week.
Looking over Palmerston and the East Arm of Darwin Harbour to the new $35B Inpex LNG plant. Many resources projects in the north are in beautiful, environmentally important places.
Andrew Campbell
This year's federal budget outlined plans for infrastructure in northern Australia, but it will need to do more than build roads and rail to sustainably develop the north.
Small Business Minister Bruce Billson said a single online registration site for small business would be established.
AAP/Alan Porritt
Registration of small businesses will be streamlined as part of the government's package for the sector, which will be a centrepiece of Tuesday's budget.
Prime Minister Tony Abbott and Treasurer Joe Hockey pose for photos as they discuss their second budget.
AAP/Lukas Coch
Joe Hockey sounded almost pleading, in his appeal after the Reserve Bank announced an interest rate cut of 0.25 of a percentage point, taking the cash rate to 2%, a new record low.
Changes in environment health are invisible in the national accounts.
AAP Image/Richard Wainwrigh
“At the moment, we are spending over $100 million a day more than we’re collecting in revenue. Now that’s unsustainable, particularly given we’re spending nearly $40 million a day on the interest on the…
Fast-spinning black holes don’t just exist in space – Queensland’s Liberal National and Labor parties are busy attacking each other’s strategies to cut debt, yet both have been guilty of having black holes in their plans.
NASA/JPL-Caltech
Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…
Australian Treasurer Joe Hockey is facing the prospect of a budget blowout, thanks largely to a hostile Senate.
Lukas Coch/AAP
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
The Conversation has undertaken a stocktake of the major budget savings measures opposed, at risk, or yet to be legislated. According to our analysis, which has been verified by Grattan Institute chief…
Senior Lecturer in Economics, Research Associate at the Public and Environmental Economics Research Centre (PEERC) and Visiting Fellow at the Johannesburg Institute of Advanced Study (JIAS), University of Johannesburg