Bicycle police officers keep an eye on Trinity Bellwoods Park in Toronto on Sunday, May 24, 2020. Warm weather and a reduction in COVID-19 restrictions has many looking to the outdoors for relief.
THE CANADIAN PRESS/Chris Young
The provincial government has funding to support non-police safety and well-being initiatives — but 99 per cent of it just supplements police budgets.
Fixing the structural deficit could be too big a task for the Turnbull government given the reluctance to tackle any meaningful tax and spending reform.
Reform remains a challenge when every idea to reduce the deficit, reduce government expenditure or restructure taxes tends to get shot down in Australia.
Economic reality has intruded on rosy budget predictions for years now and the Pre-election Economic and Fiscal Outlook may soon challenge Treasurer Scott Morrison’s forecasts.
Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
The ageing of Australia contributes to its structural deficit.
Beyond short-term revenue and expenditure, Australia's structural deficit continues to grow.
There are some structural issues that need tackling in order reform our budget, but they are surmountable.
Solving the entrenched problems within our budgetary process is tricky - or is it?
Fundamental shifts in the Australian economy have resulted in structural budget deficit.
In our federal budget explainer series, Guay Lim explains what Australia's structural deficit really means.
The key indicators of the health of the economy are the unemployment rate, inflation rate and economic growth.
AAP Image/Julian Smith
The key economic indicators to look out for on budget night.
Don’t turn around.
Lewis Whyld/PA Wire
Ed Miliband says Labour did not overspend when it was last in office. He's right.
Prime Minister Tony Abbott and Treasurer Joe Hockey need to align their budget narrative.
Until government leaders acknowledge Australia's structural deficit and stop obsessing about debt, voters will be left frustrated.
This government is fond of comparing the economy to a household budget - but there is one really major difference.
Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut…
Deficits in the longer term are not sustainable.
Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…
Could a new method of measuring structural deficits mean easing austerity pressures on troubled Eurozone economies?
Chema Sanz via Flickr
The EU Commission’s autumn economic forecasts are due tomorrow. What makes this event special this year is that there are rumours about a possible change in the Commission’s approach to calculating the…
What is the “optimal” level of public debt? Persistent deficits do not automatically lead to a situation where the government resembles a household under mortgage stress.
The debate about long-term public finance and the role of government is one that is most definitely needed. However, there are two aspects to this debate that are often conflated. First, there is the issue…
Tony Abbott’s attack on Australia’s debt and taxation levels is sorely misguided.
AAP/ Alan Porritt
Today’s announcement by the government that it has a $12 billion “black hole” had the status of a confession. It needn’t have. All talk of “black holes”, “revenue shortfalls” and “structural deficits…
Governments have been increasing expenditure, despite shrinking tax revenues. But our structural deficit is unsustainable and must be tackled.
Image sourced from www.shutterstock.com
All Australian governments, and ultimately all Australians, are faced with making tough decisions in their budgets. Without significant reductions in government expenditures and the services they provide…