The treasurer promised a “confronting” economic statement, but it held out hope of only a short spike in inflation and a recovery in real wages.
From October, Australia will start routinely quantifying the benefits as well as costs of federal spending. It’s already shaping up as the new treasurer’s most important legacy.
What is a well-being budget? It’s a process that seeks to set consistent long-term priorities, instead of changing priorities according to political expediency.
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The panel believes Australia will avoid a recession the year ahead, but is much less certain about the United States. It expects real wages to go backwards and economic growth to sink.
Australia’s treasury helped inspire NZ and other governments to adopt well-being budgets – now, years later, we look set to get one too. So what are the challenges ahead?
While demand for subsidised services is high and rising, many parts of the system need improvement. The federal budget can’t solve these problems by placing the entire burden on taxpayers.
It is hard to fathom how Nigeria’s Central Bank interest rate increase would benefit most Nigerians.
New figures show economic growth edged closer back towards normal in the months to March, but the gains went to profits rather than wages.
There are a number of reasons why Ghana’s domestic borrowing is more expensive than foreign debt.
Although there is strength in diversity, members of ethnic groups in power distributing resources to members of their ethnic group at the expense of national growth entrench poverty in Africa.
The March 29 budget will contain “targeted and proportionate” help for families with cost of living pressures and move fiscal policy towards stabilising and reducing debt.
Away from the states bouncing out of lockdown, spending growth was weak. The next figures, to be released after the election, might show the economy turning down.
It’s time to complete the picture and recognize public expenditures on supports for family caregivers as social investments in the well-being of individuals, families and communities
Attributing Australia’s economic success to closed borders runs the risk of leaving us with the wrong lesson the next time the things turn down.
The Conversation’s expert panel predicts prices will rise faster than Australians’ pay can keep up in 2022 – and that’s not their only concern about the local economy.
The African continent stands to lose the most from climate change - here’s what local governments can do to protect it.
The Conversation’s best graphs have removed doubt, surprised, and told entire stories.
The dominant forces in the Coalition seem to have learnt their lesson: Australia’s economy still needs serious budget support.