Expenditure cuts require a political settlement that has failed to materialise under South Africa’s President Cyril Ramaphosa.
South Africa's National Treasury now proposes to reduce salaries. On the face of it this seems sensible. But the fundamental issue is the structure of the public service.
Mauritius’ social welfare system is relatively stronger than most nations’
Mauritius preserved its social welfare system even during structural reforms in the 1970s. It is now better prepared than most nations for the health and economic impact of COVID-19.
Reserve Bank governor Philip Lowe (right) says he needs government help to boost the economy. Treasurer Josh Frydenberg is yet to provide it.
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Treasurer Josh Frydenberg and Finance Minister Mathias Cormann unveil a budget outcome as good as balanced on Thursday.
A big surplus will come. It should be saved for something important, not simply spent.
The HECS system is a hybrid policy approach that ensures Australian universities remain accessible while funding remains sustainable.
From the 20th-century process of policy trial and error, the nations that married the strengths of markets and government came out ahead.
Will South Africa’s Deputy President Cyril Ramaphosa (left) and President Jacob Zuma support the commitments to reform the economy?
There are many good things about the budget, including the promised cut to the payroll, but many of the key commitments relating to how policies will support growth are, at best, pointers.