Bill shocks are the flipside of a surplus built on higher tax collections and tighter access to support payments.
Middle earners are set to pay 18.8% of their income in tax instead of 14.9% under the projections that show 10 years of surplus budgets.
South African parliamentarians need impartial and expert advice about public finance issues.
With the current state of the South African economy and public finances, the Parliamentary Budget Office could play a major role in ensuring that this happens. But the office is in complete disarray
Scott Morrison as treasurer during the May 2018 budget lockup.
The promised budget surplus depends on everything going right, and much more income tax says the Parliamentary Budget Office.
The PBO has likely overestimated future personal income tax revenue.
The parliamentary budget office expects Australians to be paying significantly higher average tax rates in 2020/21, but their assumptions bear no relation to reality.
South Africa’s previous finance minister, Pravin Gordhan, delivering his medium term budget last October.
The amendments to South Africa’s Money Bills Act don’t go far enough - for one, they do not address incoherence in Parliament’s oversight of taxes.
Controversy dogs South Africa’s nuclear energy plans.
South Africa’s Parliamentary Budget Office had 10 months to prepare its findings about the cost of a nuclear programme. Its final report was little more than a summary of other institutions’ work.
The Australian system allows for fuel excise exemptions for off-road usage by the mining industry and by primary producers.
AAP Image/Alan Porritt
Critics of Australia’s fuel tax credits system have pointed to its impact on the budget bottom line, but calculating that cost is far from straightforward.
Former Treasurer Wayne Swan first introduced the idea of a post-election costing of policies.
The 2016 post-election report from the Parliamentary Budget Office lacks context and comes too late to inform voters.
Labor’s costings have been unveiled.
Labor’s policies, costed by the Parliamentary Budget office, pass scrutiny - but like the Coalition, fail the test of real budget repair.
Parliamentary budget offices are considered international best practice – they are intended to bring more honesty to the budget process.
The scandal at Uganda’s Parliamentary Budget Office shows that figuring out the proper roles, functions, internal controls, and capacities is more pressing than ever.
Labor leader Bill Shorten wants to be seen as a credible economic manager.
A Labor government would toughen the means test on Family Tax Benefit A end-of-year supplements.
Chris Bowen stressed that Labor’s fiscal program, when fully released, would ‘see us return to budget balance in exactly the same time frame as the government’.
The opposition will attempt to strengthen its economic credentials by announcing on Friday a package of savings to help pay for its policies and improve the budget bottom line.
In his Tuesday National Press Club address, Chris Bowen highlighted the need to preserve Australia’s AAA credit rating.
Chris Bowen presented at the National Press Club on Tuesday as a well-prepared alternative treasurer, who could slot into the real job very easily if July 2 brought the chance. “Neat” is the word that…
$4 billion of student loan debt is likely to never be repaid by 2025.
Academic experts respond to the latest report by the Parliamentary Budget Office on the impact of student loans on the budget.
Mining magnate Andrew Forrest might be be down $2 billion, but the decline in commodity prices is just one of many factors hurting Tony Abbott’s budget bottom line.
In the wake of a falling iron ore price that has cut his personal fortune by more than A$2 billion, Andrew Forrest has remained unperturbed, saying: “I didn’t count on the way up, and I’m not counting…