The Reserve Bank and government have the means to keep us from recession. They’ll need the will.
We’ve two options of keeping ourselves out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.
Treasurer Josh Frydenberg and Prime Minister Scott Morrison at a campaign rally. They’ll have to shore up a weakening economy.
Frydenberg and Morrison will have to switch from boasting about the economy to fixing it, quickly.
Tip for the ballot box. Labor can manage money. So can the Coalition.
History shows there’s no best economic manager. They’re both pretty good.
Bowen says it will be 18 months before the assumptions underpinning the projected 2019-20 surplus can be fully assessed.
Delivering his post-budget address, Bowen will point to an analysis released by KPMG estimating that by the end of the forward estimates Labor’s tax-to-GDP ratio would be just over 24%.
The budget tax cuts aren’t tax reform, and probably can’t be paid for over the longer term.
Should the Coalition’s $300 billion of tax cuts ever be enacted, they would push the budget back towards deficit.
The median out-of-pocket expenses for breast cancer treatment is A$4,192.
It’s important that the proposed reforms do not just fund more care, but support more of the best care.
With more than a million Australians using public transport to get to work each day, demand for car parking at the station is virtually insatiable.
The Commuter Car Park Fund announced in the budget sounds big, but is likely to create only around 30,000 extra spaces – a marginal benefit for Australia’s 1.2 million daily public transport users.
Shorten said the government was buying time “to pump up their own tyres” with advertising.
Ellen Smith/Joel Carrett/AAP
As Morrison readies to call the election, with speculation he will announce next weekend for May 18, he has also increased his lead over Shorten as better prime minister in Newspoll.
Labor’s budget reply stole the mic from the government.
Caroline Fisher talks about the week in Australian politics with Michelle Grattan.
On tax, Shorten one-upped the Liberals, offering bigger immediate tax cuts to 3.6 million taxpayers who earn under $48,000.
The opposition aims to put Medicare at the forefront of its campaigning, as it did in 2016. But there is a notable difference.
Argentine ants are a fact of life in many parts of Australia, but can still potentially be banished from Norfolk Island.
Invasive pest ants cause billions of dollars worth of damage to crops, and threaten some of Australia’s World Heritage rainforests. The federal budget has pledged nearly $30m on wiping them out – but how?
Bill Shorten’s budget reply speech was aimed at middle and lower income earners.
The Labor Party has signalled that equality and fairness will form the centrepiece of its policy framework - but there will be challenges to that if it wins office in May.
Labor will provide a bigger tax refund than the Liberals for 3.6 million Australians.
Unveiled in his budget reply on Thursday night, Shorten said this would be the “most important investment in Medicare since Bob Hawke created it”.
The National Centre for Social and Economic Modelling has calculated the impact of the 2019 federal budget’s tax and welfare transfer changes.
The Morrison government’s tax changes will benefit high income earners the most and low income earners the least, says the National Centre for Social and Economic Modelling.
If your’re wealthy you’ll be able to put more money into super without even working.
If you’ve got money and are in your mid-60s you’ll be able to funnel more into super without even working under a budget plan that makes a mockery of super.
AAP Image/Lukas Coch
Are you an #auspol addict? Did you watch budget speech for fun? Test yourself with our quiz.
The Morrison government’s infrastructure budget favours Victoria, in a change from recent budgets.
Despite boasts of ‘record’ infrastructure spending, relative to GDP it’s comparable to previous budgets. What’s different is that Treasurer Frydenberg has chanced his arm more over the longer term.
Frydenberg may claim education is critical to the prosperity of our country, but his budget does not reflect this.
The government has delivered a pretty disappointing budget for education, with no secure funding for early childhood education and a recycled commitment of $300 for schools.
Mick Tsikas(AAP)/The Conversation/Shutterstock
Peter Martin and Tim Colebatch on Budget strategy and numbers.
CC BY 14.2 MB (download)
From inside the budget lockup, Peter Martin and Tim Colebatch shared their reactions to the pre-election budget.
The budget provides some short-term boosts for aged care and mental health but little opportunity for much-needed structural reform.
The budget includes a step towards modernising Medicare, through a new annual payment for each person with diabetes who signs up with a specific GP.