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Articles on budget deficit

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South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19. Gallo Images/Brenton Geach

The IMF’s $4bn loan for South Africa: the pros, cons and potential pitfalls

The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
“This review…is really just a bone to Pauline Hanson. The government needs her vote in the senate,” says Michelle Grattan on the controversial appointment of Hanson as deputy chair of the committee. Mick Tsikas/AAP

VIDEO: Michelle Grattan on the family law inquiry - and the UN climate change summit

Michelle Grattan discusses the government’s new family law inquiry, and Australia being banned from the speaking list at the upcoming UN climate change summit.
The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg. Mick Tsikas/AAP

Battle won. Our budget woes are behind us

The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.

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