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Articles on Federal Budget 2012

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As the government scrambles to balance the books, the business community has voiced its fears that Treasurer Wayne Swan will renege on his promise of a 1% reduction in the corporate tax rate. AAP

Corporate tax cuts at risk - but are they really required?

In the last 24 hours, we have heard mutterings about the possibility that an earlier commitment to cuts in the corporate tax rate may not go ahead in the budget. Some in the business community have, unsurprisingly…
AusAID’s future funding is in play tonight. Australian Civil-Military Centre

A guide to aid funding in the 2012 budget

The 2012-13 budget has been the subject of an unusually intensive amount of media and sectoral speculation and debate in the past few weeks. This piece sets out what we should look for in tonight’s budget…
“And then there’s this…” Will there be any surprises in store for this year’s budget? AAP

Wish list for Wayne Swan: what the experts want from the budget

Federal Treasurer Wayne Swan will be busy tonight handing down the Federal Budget with all the policy settings we’ll need to ensure Australia’s future prosperity (and not simply as a re-election platform…
Wayne Swan’s responsibility to the citizens of Lilley may conflict with his role of treasurer. So why don’t we separate them? AAP/Alan Porritt

Treasurer or Member for Lilley? Perhaps Wayne Swan doesn’t have to be both

Australia is on the eve of receiving one of its most anticipated budget announcements. Wayne Swan and the team within the Treasury have put together a pillar from which the Labor Party will draw strength…
Improving the transparency and evaluation of major infrastructure projects is one way to increase productivity. AAP

Budget provides a chance to carve out the path to higher productivity

Productivity growth results in more valued output per unit of production input, or the same output for fewer inputs. Growth of productivity requires changes involving the adoption of new technology, better…
Given the RBA’s decision to slash the cash rate by 50 basis points, it’s hard to justify Treasurer Wayne Swan’s pursuit of a budget surplus. AAP

Cutting rates, then tightening fiscal policy? Trying to make sense of the quest for a surplus

The former Governor of the Reserve Bank, Bernie Fraser, hit the nail on the head the other night when he found it absurd that the Reserve Bank could be reducing interest rates one day, while a week later…
Caring for a disabled child currenlty requires battle after battle for basic equipment and services. bellisg

The NDIS is worth the investment – here’s why

The government has announced its commitment to the introduction of a National Disability Insurance Scheme (NDIS), with money to be set aside in next week’s federal budget for a 2013 start-up in four locations…
Size does matter: rather than be concerned about achieving a surplus or a deficit, the government should be focusing on how to manage its debt. AAP

Don’t forget the debt: there’s more to fiscal prudence than a return to surplus

Treasurer Swan’s commitment to bring the government budget into surplus in 2012-13 may be a political imperative, but is not good economics. The focus for prudential fiscal management should instead be…
“Every Australian Counts” has organised rallies in capitals cities across the country. phonakins/flickr

Lessons for the National Disability Insurance Scheme

Grassroots disability services campaign group, Every Australian Counts is holding rallies in capital cities all over the country today, calling for the creation of the National Disability Insurance Scheme…
Parlous states: despite staring down the barrel of recession, Victoria is set to deliver a budget surplus. But is this the right move for a stagnant economy? AAP

Is surplus the key to lifting Victoria out of its parlous state?

The Victorian government is set to hand down its budget this week. Premier Ted Baillieu is committed to returning Victoria back into the black, after it spent the first six months of this year in a $341…
A fairer and more sustainable system is being proposed. flickr/louisa_catlover

Moving in the right direction for better aged care

The Government’s aged care reforms are a landmark for setting valuable directions for better care. It’s the first such major initiative in more than 25 years – but there’s a long and uncertain road ahead…
Political, rather than economic: economists say there is no direct link to surpluses and lower interest rates. AAP

Can surpluses lead to lower interest rates?

The Federal Government is continuing its pre-budget surplus sell, with Prime Minister Julia Gillard directly linking its plans to return the budget to surplus to lower interest rates. Gillard will use…
Gillard may encounter some tough talk from Coalition MPs at today’s COAG meeting. AAP Image/Lukas Coch

COAG could hurt the Gillard Government

The Coalition state premiers going to the Council of Australian Governments (COAG) meeting today smell blood. The Gillard government is in a weak position with constant leadership speculation, the Craig…
The ability of our politicians to achieve a surplus or balance the budget is spuriously taken as a measure of fiscal responsibility. AAP

Returning to surplus: the policy wall our politicians can’t see over

The Federal Government’s quest to return the budget to surplus raises many questions and not just about what immediate rationale there is on economic grounds for this strategy. It also raises deeper questions…

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