The row is not just about immediate spending pressures – it’s the key to future electoral success for both parties.
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Articles on Treasury
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Green bonds aren’t a new idea. But the government’s decision could help further integrate sustainability into all forms of lending.
Increases in award wages do very little to boost Australia’s total wage bill, and even less to boost inflation.
All proposed mergers above a yet-to-be-determined threshold will have to be reported to the ACCC. It’ll have to give a yes or no within 30 days.
Sparked by the PwC scandal, the measures will expand tax promoter penalty laws to make it easier for the Australian Taxation Office to apply them to advisers and firms who promote tax avoidance.
For measures of wellbeing to be useful to the budget process, they will need to be both timely and capture more than the ‘average’.
Treasurer Jim Chalmers wants to make the national wellbeing framework part of how governments make decisions, as others like Wales have done. But international experience suggests it won’t be easy.
The new wellbeing framework, set to be released, has five broad themes and about 50 indicators treasury will track over time. Our new book shows how important but difficult measuring wellbeing can be.
Labor’s new centre will let it trial some new policies. But the government is not yet open to doing cost-benefit analysis on all major projects – like $240 million for a new AFL stadium.
Jeremy Hunt’s first budget day as chancellor was in many ways more about politics than economics. Historically, the Conservative party’s electoral success has been based on a reputation for economic competence…
South Africa’s minister of finance should have used the bailout of Eskom to fast-track its split and introduce the private sector into the electricity sector.
Although the sites seem to offer the best deals, that might be because hotels feel pressured not to undercut them. This is something the treasury is investigating.
The secretary of the Department of Foreign Affairs and Trade, Kathryn Campbell, has been replaced in a shake-up of federal departmental heads announced by Prime Minister Anthony Albanese.
Usually the speeches of treasury secretaries are relatively bland, echoes of their political masters. But an address this week from Steven Kennedy was something quite different.
Politics with Michelle Grattan: Economist Saul Eslake on why Reserve Bank needs to raise rates next week
Michelle Grattan speaks with independent economist Saul Eslake on whether the reserve bank will next week raise interest rates for the first time in an election campaign for the first time since 2007
Intellectual and a talented communicator, Chalmers may turn out to be a far more innovative politician than his current cautious election rhetoric suggests.
The Morrison government will ensure COVID tests are tax deductible for workers and exempt from fringe benefits tax for businesses when purchased for work-related purposes.
An economist explains why defaulting on the national debt would result in economic crisis.
Protecting jobs that will be lost anyway is money that could be spent on building the green economy.
The former Federal Reserve chair has the experience and broad respect to get businesses to move on climate change and to lay the foundation for real and lasting progress.
Top contributors
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Professorial Fellow, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Research Fellow, Johannesburg Institute for Advanced Study, University of Johannesburg
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Postdoctoral Research Associate, University of Manchester
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Anniversary Professor of Politics, University of York
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Senior Lecturer in Economics, University of Sheffield
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Industry Professor, University of Technology Sydney
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Professor of Economics, UNSW Sydney
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professiorial Fellow, The University of Melbourne
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Professor of Public Policy, University of Manchester
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Lecturer in Economics, University of the Witwatersrand
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Professor of Energy Policy, Robert Gordon University
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Professor of Public Affairs, Tshwane University of Technology
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Director of History & Policy at the Institute of Historical Research and Professor of British and Commonwealth History, School of Advanced Study, University of London
