Peter Martin, Crawford School of Public Policy, Australian National University
The thing to look for is the “fiscal strategy”. For the past quarter-century, it’s provided a surprisingly accurate insight into what each budget is doing.
“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…
In the dark? Ignoring revenue has stymied Australia’s budget debate.
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The missing element in this week’s mid-year economic and fiscal outlook, and more broadly, in current government policy, stares Australians in the face. Revenue needs to be increased. Increasing taxes…
To prevent future pain, the government can’t put off tough decisions on tax.
Lukas Coch/AAP
The government’s recent budget outlook (MYEFO) confirmed that the Australian government budget is rotten at the core. The government is hopelessly living beyond its means, with expenditure greater than…
Deficits in the longer term are not sustainable.
AAP
Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…