A new global study found Australia was one of only four countries of 120 where there was even “adequate” accountability on COVID-19 spending.
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Articles on Commonwealth budget 2021
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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.
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.
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.
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.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Economics, UNSW Sydney
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Research Assistant at the Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor, The University of Melbourne
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Professor of Economics, University of Canberra
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President, Australian Academy of Science; Laboratory Head, Garvan Institute
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Australian Academy of Science
