Articles on Treasury

Displaying 1 - 20 of 46 articles

The hard work’s been done and the latest Treasury team is taking the credit. Mathias Cormann and Josh Frydenberg. Mick Tsikas/AAP

Battle won. Our budget woes are behind us

The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.
Gaetjens was Peter Costello’s chief of staff, and NSW treasury secretary under a Liberal government. Mark Graham/AAP

View from The Hill: New Treasury secretary rolls the dice on his future

The issue is not that a person has served “up the Hill” - something seen as desirable all round - but how long they've been there and how strongly identified they've become with one side of politics.
Gaetjens recently left the job of Treasurer Scott Morrison’s chief of staff, a position he also held with Peter Costello. Gary Ramage/AAP

Changing of the guard at the Treasury department

Phil Gaetjens, who has served as chief of staff to two Liberal treasurers, will now run the Treasury department, after the early resignation of the current secretary, John Fraser.
If wages just grow at the rate of the last 12 months, rather than at the higher growth in the budget forecasts, income tax collections will be A$7 billion less for 2019-20. Joel Carrett/AAP

Why biased budget forecasts make poor politics

Wonky forecasts show it's time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
Former Finance Minister Pravin Gordhan flanked by Deputy Minister Mcebisi Jonas and Director General Lungile Fuzile. GCIS

South Africa must look beyond individuals to solve the current crisis

The framing of the prevailing political protests in South Africa shows too much focus on the role of individuals. This is dangerous in hearkening back to the flawed Great Man Theory.
South Africa’s Minister of Finance Pravin Gordhan flanked by his deputy Mcebisi Jonas and Director-General Lungisa Fuzile. GCIS

Explainer: the nitty-gritty of South Africa’s annual budget

A lot more goes into the making of South Africa's final national budget than many people realise. The process involves extensive legalities designed to ensure public oversight.

Top contributors

More