If anyone had told the Coalition when it was elected in 2013 that it would be presiding over such a debt level, let alone arguing its virtues, they’d have been laughed out of court…
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Was shadow minister for finance Jim Chalmers correct when he said that under the current Coalition government, net debt had doubled? We asked the experts.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.
Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos. The country is living on borrowed time and borrowed money.
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.
South Africa’s social compact is at breaking point and the country may need a dialogue similar to its 1994 political transition talks to get out of the crisis.
In his 2017/18 budget speech, South Africa’s finance minister Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.