As the budget deficit fades from political view, anxiety shifts to the much wider current account deficit. It may signal UK dynamism, but neither financing nor closing it look easy after Brexit.
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Articles on Budget deficit
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Labor begins its next phase in opposition with bigger numbers in the parliament and with a new level of confidence as it confronts the government.
A $2 billion welfare crackdown is the main contributor to new savings announced by the government to improve the budget by $1.1 billion across the forward estimates.
Labor has unveiled its costings, showing it would have a deficit of around $16 billion higher across the forward estimates than that shown in the Pre-election Economic and Fiscal Outlook.
Labor’s weakest flank in this election is economic credibility and it knows it. A combination of the past, including memories of Wayne Swan’s ever-elusive surplus, and the present, with the perception…
The opposition will attempt to strengthen its economic credentials by announcing on Friday a package of savings to help pay for its policies and improve the budget bottom line.
Sleep is at a premium in Canberra this week. Finance Minister Mathias Cormann is one of those doing the post-budget heavy lifting.
Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
Hospitals in England anticipate a £2.3 billion deficit by the end of the financial year. That won’t leave much in the kitty for the proposed NHS upgrade.
Shadow treasurer Chris Bowen told journalists that since the last federal election, the government has had spending as a percentage of GDP at GFC levels. Is that right?
Federal treasurer Scott Morrison said that expenditure as a share of the economy under this government is falling, not increasing. Is that right?
Future taxpayers were the big losers of the trillion-dollar budget deal, who will have to shoulder the burden of higher interest payments.
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
Your simple guide to the budget deficit, how the money will be spent and the savings measures we can expect in the years ahead.
In the latest in our Budget Explainer series, Mark Crosby explains debt and deficit and where Australia stands.
In just a year, the Abbott government has gone from a radical nation-changing budget to promising a ‘dull’ one. Are we to believe the ideological zeal is gone, or has the survival instinct kicked in?
The prospect of a “debt” tax or some sort of “deficit levy” to assist with the budget bottom line should prompt a clearer debate about the virtues of raising taxes versus cutting expenditure as a means…
The Australian Government should tighten the welfare system for older Australians, adding the family home to the assets test for the age pension and limiting tax concessions on superannuation contributions…
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Professorial Fellow, University of Canberra
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Professor of Economics & Business, Allegheny College
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Public Policy (retired), University of Virginia
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Professor, Monash University
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Associate Professor of Political Science, Northwestern University
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Daniel Patrick Moynihan Senior Lecturer in Public Policy and Public Finance, Harvard Kennedy School
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Senior Lecturer in Economics, The Open University
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Professor of Economics, UNSW Sydney
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Director, Centre for Transformative Innovation, Swinburne University of Technology
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Productivity Growth Program Director, Grattan Institute
