Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
The Tata steel plant at Port Talbot.
EPA/ANDY RAIN
Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it’s not already gone.
The University of Leeds has issued a £250m public bond.
Peter J Dean/flickr.com
It’s a turbulent time for the global economy – here’s what to expect.
Treasury secretary John Fraser says if Australia were to permanently reduce net debt, it would have to achieve sustained structural budget improvements.
Lukas Coch/AAP
Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
One day, your Facebook posts and Tweets might convince lenders to drop you some cash. Until then, here are five simple ways to help open up the bank vaults.
Monetary policy since the financial crisis has flooded the market with cheap capital. A rate rise will reverse this and put developing economies at risk.
Deborah James, London School of Economics and Political Science
In the global South, where some argue that “everyone is now middle class”, people are reluctant to acknowledge that they need to borrow money – and the stigma drives them to dodge their debts.
Sometimes it’s not a good thing to have a roof over our heads.
Dollar ceiling via www.shutterstock.com
The finance minister says the government is reducing the deficit and debt and lowering the spending growth trajectory of the previous government. Is that right?