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.
- Lecturer, Department of Economics, Federation University Australia
The US Export Import Bank is facing closure unless it gains last minute Congressional support. How will it impact on Australian companies?
Changes to our foreign investment regime are more tinkering around the edges than true reform.
The federal budget deficit will blow out to A$40.4 billion in 2014-15, up from the $29.8 billion forecast in May’s budget, according to the Mid-Year Economic and Fiscal Outlook (MYEFO) released today…
Gough Whitlam, Labor prime minister from 1972 to 1975, has died aged 98. A giant of modern Australian politics, his passing triggered a flood of tributes on Tuesday morning. In a statement, current Labor…
When the central bank governors and finance ministers from the G20 agreed in February to increase growth by at least two percentage points over the next five years, they fell short of delivering a common…
The use of the term “sovereign risk” by Trade Minister Andrew Robb to describe the federal budget stalling in the senate shows just how fast and loosely the term has come to be used. But to whom is the…
A large portion of commentary on foreign investment in Australia is based on scant data, as recent submissions to the inquiry into foreign investment in residential property show. At the moment it seems…
Opposition leader Bill Shorten has vowed to oppose funding cuts to hospitals, schools and higher education in his budget in reply speech, threatening more than A$10 billion in budget savings proposed by…
The fuss about corporate welfare, deemed “unsustainable” by Treasurer Joe Hockey, appears almost diversionary considering the relative size of industry assistance in overall government spending. Industry…
When Gina Rinehart’s Roy Hill mine proposal secured the multi-billion dollar financing deal needed to proceed last week, questions were asked about the US$694.4 million coming from the US Export-Import…
Qantas will cut 5000 jobs, freeze wages of all staff, and sell or defer buying more than 50 aircraft in a bid to cut A$2 billion in costs. The airline said the roles to be lost include 1500 management…
The Federal Government appears ready to “throw a lifeline” to Qantas, which has been seeking a government-backed debt guarantee and a lifting of the 49% foreign ownership limit in the Qantas Sale Act…
London-based think tank Civitas has called for restrictions on foreign buyers as a solution to escalating house prices in the UK capital. They suggest the UK adopts a similar approach to that used in Australia…
When Tony Abbott stepped up to claim victory for the Coalition in September, he declared Australia was “under new management and once more open for business”. One hundred days on, we look at the open for…
Federal Treasurer Joe Hockey has rejected the proposed takeover of GrainCorp by US grain handling giant Archer Daniels Midland, arguing the takeover would not be in the public interest. Mr Hockey said…
The public’s intellectual property rights will continue to be impeded if Australia signs on to the Trans Pacific Partnership agreement as it stands, according to copyright and patent experts following…
Treasurer Joe Hockey’s unconditional approval of a $450 million takeover offer for Warrnambool Cheese and Butter (WCB) by Canadian company Saputo has intensified the bidding war around the dairy company…
Figures released last week by the Future Fund revealed it was outperforming the most aggressive of Australia’s pool super funds and was on track to reach its target of $140 billion a year early, in 2019…
“We often get criticised for trying to be protective. I actually look around the world and I see many, many countries being equally protective of their own core assets.” - Prime Minister Kevin Rudd, third…
The purchase of 43 farms in northern NSW by a state-controlled Chinese mining company has prompted calls this week for tougher restrictions on foreign investment. Greens leader Bob Brown, independent Senator…
Calls to establish an Australian Sovereign Wealth Fund have intensified with the world’s biggest bond managers, Pacific Investment Management Co (Pimco) calling on the Federal Government to manage for…
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