A new global study found Australia was one of only four countries of 120 where there was even “adequate” accountability on COVID-19 spending.
Things looked good, although we were still cautious at the end of March. Our national accounts are prepared with a lag.
Inflation and wage rises used to shrink the repayment burden. We’re being granted mortgages as if they still will.
Wes Mountain/The Conversation
Only three of the 56 economists surveyed gave the budget an ‘A’, but 41% gave it either an A or a B.
If wellbeing had been made an explicit goal as it it is in New Zealand, Australia’s budget would have been been different.
David Crosling/AAP Image
The federal budget contains money for big-ticket items like the SKA telescope and mRNA vaccines. But dwindling funds for universities and fundamental science will leave us vulnerable to future problems.
Reserve Bank Deputy Governor Guy Debelle.
The bank’s decision to focus on just one thing puts the onus on the government to take action to rein in home prices.
47 of the 60 leading economists surveyed by the Economic Society and The Conversation back the Treasurer’s decision to aim for an unemployment rate of less than 5%.
The recession was pinked-tinged, but so has been the recovery.