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Articles on Treasury

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South Africans take their cue from what Finance Minister Pravin Gordhan says about the country’s economic outlook. Reuters/Mike Hutchings

Economic forecasting: why it matters and why it’s so often wrong

Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
Treasury secretary John Fraser says if Australia were to permanently reduce net debt, it would have to achieve sustained structural budget improvements. Lukas Coch/AAP

Don’t be complacent about Australia’s top credit rating: Treasury secretary Fraser

Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
South Africa’s Justice Sisi Khampepe swears in David van Rooyen as the new Minister of Finance while President Jacob Zuma looks on. EPA/Elmond Jiyane

Zuma’s leadership: political expediency versus the interests of South Africa

The sudden expulsion of the finance minister makes it hard not to be pessimistic about the South African government’s ability to manage the difficult challenges it might face in 2016.
Hamilton’s political enemies unduly tarnished his legacy. 'Hamilton' via www.shutterstock.com

It’s all about the Hamiltons, baby

Alexander Hamilton’s story is our story. It would be a mistake to remove him from the $10 bill.
Australian Treasurer Joe Hockey is preparing to make the case for generational change. Dan Himbrechts/AAP

Infographic: the language of Intergenerational Reports

A brief look at intergenerational reports past shows just how difficult it is to deliver long-term reform.
Could a Turnbull-Abbott partnership be the circuit breaker the government needs? Lukas Coch/AAP

Is it time for Treasurer Malcolm Turnbull?

In the wake of Monday’s attempted Liberal leadership spill, Australian Prime Minister Tony Abbott clearly needs to do something to shore up support. He’s been offered all manner of unsolicited advice…
The relationship between PM and treasurer can make or break a treasurer’s reign. Lukas Coch/AAP

Hockey-Abbott partnership looks shaky against treasurers past

For a number of reasons, now is not a good time to be Australia’s federal treasurer. The resources boom has lost its mojo, the economy is faltering and the dollar is falling along with the terms of trade…
A new report from the Parliamentary Budget Office could help Joe Hockey sell his budget. Nikki Short/AAP

Paid parental leave weighs heavily in government spending forecast

Growth in government spending on big-ticket items including Medicare, public hospitals and the aged pension is expected to be less than real GDP growth over the next decade, according to the latest report…
Financial accountability? Transparency? Why look, there’s a plane… Dominic Lipinski/PA Wire

Does the royal family deliver good value for money?

Royal finances have come under close scrutiny in recent days after the Public Accounts Committee told the royal household it must earn more and spend less – a bit like the rest of the country in an era…
A Whitehall CFO would interfere with the work at No. 10. Bob Jenkin

The last thing Whitehall needs is a Chief Financial Officer

The coalition’s latest wheeze is to create a new government Chief Financial Officer, similar to the position found in big corporations. This plan, concocted by Treasury minister Danny Alexander and Cabinet…

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