The promised surpluses won't last unless we stop giving older Australians more and more and asking them to pay less and less.
As the government dropped news of the payment Labor signalled that if elected, there will be another budget in August.
It’s your money they’re spending in this election-eve budget. Here’s how we’re covering the story.
The Conversation5.73 MB (download)
The Conversation's editors and experts are off to Canberra for budget lockup at parliament house next Tuesday. They'll have early access to what the government plans to do with our money this year.
A full throated inquiry into superannuation and whether we need more could be the last best thing the Coalition does.
The budget will include another round of tax cuts and provide about $600 million to pursue wrongdoers and help restore trust in the financial system.
Any sign of hubris must be avoided, but a prudent opposition – especially with polls suggesting it's soon likely to be the executive – needs to be well prepared for the first days of power.
The overhaul of the program comes after pressure from various quarters including conservative Liberals for immigration to be lowered, and the government talking up the need for 'congestion busting'.
Both Gaetjens and Frydenberg might reflect, incidentally, that this, the first budget for each of them, is likely to be their last - if the opinion polls are right.
There are limits on how much governments can spend without earning, although increasingly politicians are behaving as if there are not.
South Africa's finance minister delivered a budget that tried to balance serving the public interest, while maintaining the stability of public finances.
Frydenberg reiterates that the Liberal party is still a "broad church" and says he isn't concerned about other MPs like Craig Kelly following Banks' suit.