A leader’s retreat between state premiers and prime minister Tony Abbott will centre around the GST. AAP/David Moir

Leaders debate the GST: what you need to know

Who supports increasing the GST and who is against it? What does ‘regressive tax’ mean? And who will be worse off? Our experts give the answers.
Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future. AAP Image/Joel Carrett

FactCheck: was Australia on a debt trajectory heading to 122% of GDP?

Any forecast 30 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
Joe Hockey’s Intergenerational Report, though scary in parts, is basically a lesson in compound interest. Lukas Coch/AAP

Intergenerational Report: Joe Hockey and the deathly budget hallows

By bringing previous government policy into the Intergenerational Report, Treasurer Joe Hockey has overlooked many questions Australians want answers to now.
Australia’s children and grandchildren will not enjoy the fruits of the country’s prosperity as much as their parents. Mate Marschalko/Flickr

Young Australians set to pay for government policy mistakes

Having enjoyed continuously increasing prosperity since the Second World War, Australians have come to expect that each generation will live a better life than the last. But this steady progress may be…
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…
Australian Treasurer Joe Hockey is facing the prospect of a budget blowout, thanks largely to a hostile Senate. Lukas Coch/AAP

Infographic: Hockey’s mounting budget black hole

The Conversation has undertaken a stocktake of the major budget savings measures opposed, at risk, or yet to be legislated. According to our analysis, which has been verified by Grattan Institute chief…
Infrastructure Australia does not rate even one of the budget’s newly funded projects as ‘ready to proceed’ or ‘on the threshold’. Dean Lewins/AAP

Changes help the budget but not the economy

Treasurer Joe Hockey’s first budget creates a clear path almost to a surplus. Our children will pay much less for current spending. Real political courage was required to get this far. But the budget also…
Tony Abbott wants to be known as the ‘infrastructure prime minister’. David Crosling/AAP

Infrastructure spending to blame for budget shortfalls

The “massive infrastructure gap” prime minister Tony Abbott has set out to fix does not exist, according to new analysis of state and territory budgets by the Grattan Institute. The analysis found states…
Commission chair Tony Shepherd has missed an opportunity to spark a genuine budget reform conversation. Lukas Coch/AAP

Commission of Audit fails to consider costs and benefits

There are some good ideas in the Commission of Audit report. Unfortunately they’re buried in so much else that it’s hard to find them. For a report focused on the costs and benefits of government, it shows…
The Senate committee into the Commission of Audit heard from Treasury’s Nigel Ray as well as academics, unions and business organisations as part of an inquiry into the Commission’s scope and workings. AAP/Alan Porritt

Audit Commission should consider revenues, hearing told

The Abbott Government’s Commission of Audit should consider revenue raising measures as well as reviewing expenditure, a Senate inquiry has heard today. The Commission has been tasked with “[making] recommendations…
Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Alan Porritt/AAP

Hockey can’t grow us out of trouble: lessons in budget repair

The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…
Many pensioners are living in homes that are too expensive for them, says the Grattan Institute’s John Daley, arguing adding the family home to the assets test for the age pension would spur on downsizing. juicyrai/Flickr

Cut welfare to older Australians to balance the budget: report

The Australian Government should tighten the welfare system for older Australians, adding the family home to the assets test for the age pension and limiting tax concessions on superannuation contributions…
What would the role of government be if, as expected, Tony Abbott wins Saturday’s election? What do Australians expect of government in 2013? AAP/Alan Porritt

Election 2013 Essays: What is government for?

Election 2013 Essays: As the federal election campaign draws to a close, The Conversation asked eminent thinkers to reflect on the state of the nation and the challenges Australia – and whichever party…
We’re comfortable buying things we can touch, but we can get used to a market in intangibles. Jeremy Brooks

Can there be a ‘free market’ in carbon?

Many are puzzled by the political theory of carbon markets. Why does the Institute for Public Affairs – a libertarian think tank – oppose a market in carbon? Tim Wilson, for example, thinks that private…

Surplus hopes pinned on heroic assumptions

As a recent Grattan Institute report showed, Australian governments face a decade of deficits unless governments make tough decisions to both reduce expenditure and increase taxes. How does the 2013-14…
Without considerable changes to Australia’s fiscal policies, both state and federal governments are likely to face significant budget deficits for the next ten years. AAP

Australian governments face a decade of budget deficits

Structural changes in the economy are likely to leave Governments across Australia facing budget deficits of around 4% of GDP for at least the next decade, according to research released today. The Grattan…
Linking Australia’s emissions trading system to Europe’s will mean our carbon price and policy will rely on the European economy, experts say. AAP

Carbon price shift to tie Australian govt to European policy

Carbon trading without a floor price is “second best policy” that will see Australian carbon prices tied to the European economy says John Daley, chief executive officer of public policy analysis group…
Increasing workforce participation of women and older people could increase Australia’s GDP by $50 billion. AAP

How can Australian governments change the game for economic growth?

If Australian governments are serious about raising rates of economic growth, they must reform the tax mix and increase the workforce participation rates of women and older people. Each of these reforms…

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