Articles on budget surplus

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The forecast for Australia’s economic growth in 2019-20 has been cut by 0.25%, and the projected surplus for this financial year slashed by A$2.1 billion. The Conversation

Politics with Michelle Grattan: Mathias Cormann and Jim Chalmers on the mid-year budget update

Politics with Michelle Grattan: Mathias Cormann and Jim Chalmers on the mid-year budget update. The Conversation, CC BY29.7 MB (download)
The figures indicate a worsening economy, but the government has sought to put a positive spin on the situation, saying the Australian economy is showing resilience.
The update has slashed growth and surplus forecasts, as the economy is buffeted by global and domestic pressures. Lukas Coch/AAP

Lower growth, tiny surplus in MYEFO budget update

The projected surplus has been revised down from A$7.1 billion at budget time to $5 billion for this financial year.
Reserve Bank governor Philip Lowe (right) says he needs government help to boost the economy. Treasurer Josh Frydenberg is yet to provide it. Dan Himbrechts/AAP

We asked 13 economists how to fix things. All back the RBA governor over the treasurer

Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
This week’s Essential poll showed 56% of voters would prioritise stimulating the Australian economy over getting back to budget surplus. Mick Tsikas/AAP

Politics with Michelle Grattan: Ross Gittins on the government’s ‘surplus obsession’

Ross Gittins on the government’s “surplus obsession” The Conversation, CC BY29.3 MB (download)
As the Australian economy continues to struggle, many argue that stimulus is needed, urging the government to abandon its "surplus obsession".
Treasurer Josh Frydenberg and Finance Minister Mathias Cormann unveil a budget outcome as good as balanced on Thursday. Lukas Coch/AAP

The big budget question is why the surplus wasn’t big

A big surplus will come. It should be saved for something important, not simply spent.
“We’d be mad not to learn the lessons” of the election result, said Chalmers on Labor’s way ahead. Joel Carrett/AAP

Politics with Michelle Grattan: Jim Chalmers on the need to change economic course

Jim Chalmers on the need to change economic course. The Conversation, CC BY35.9 MB (download)
In this podcast, Shadow Treasurer Jim Chalmers argues the government can have both a more stimulatory policy and a surplus going forward.
Despite a slowing economy, Josh Frydenberg says ‘you wouldn’t want to be in any other economy, other than Australia’. James Ross/AAP

Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy

Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.

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