The projected surplus has been revised down from A$7.1 billion at budget time to $5 billion for this financial year.
Articles on Budget 2019
Displaying 1 - 20 of 31 articles
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Middle earners are set to pay 18.8% of their income in tax instead of 14.9% under the projections that show 10 years of surplus budgets.
A big surplus will come. It should be saved for something important, not simply spent.
A bold government would have delivered stages one, two and three of the tax cuts at once. Boldness is what we need.
It is widely believed that compulsory super saves the government money on pensions. It does, but nowhere near enough to pay for the accompanying tax concessions. Lifting compulsory contributions will make things worse, for a century.
Focus on what they’re doing, not on whether they say it’s spending or a tax cut.
The government promised to eliminate the 37% tax rate. Instead, for a certain range of income, it has lifted it to 40%.
Flat tax is simple, Kondo simple. But that doesn’t mean it simplifies lives.
Yes, the ABC received A$43.7 million to continue funding its ‘enhanced news gathering’ operation in the 2019 budget, but this is a drop in the bucket compared to how much it stands to lose.
It’s important that the proposed reforms do not just fund more care, but support more of the best care.
Labor’s cancer care package is bound to be popular. But with around one-third of cancers preventable, both sides of politics need to invest in reducing cancer in the first place.
The promised tax cuts will benefit high earners in 2022 and 2024, but by then they’ll need it.
The debate about tax cuts has morphed into a debate about annual lump sum payments, and for many Australians, Labor is offering more.
Shorten will say that under his government some 10 million people would receive the same or bigger tax cut, with nearly three million low paid workers getting a bigger tax cut.
Jim Chalmers on Labor’s budget reaction
CC BY16.8 MB (download)
Shadow Finance minister Jim Chalmers said Labor was looking for ways to make things fairer for low-income earners who were "largely left behind" in the government's budget.
Where is the nation-building cultural vision, the statement of cultural aspiration in this budget?
Frydenberg said the decision was made at a meeting on Tuesday night of Morrison, Cormann and himself. He indicated it was about smoothing the passage of the measure through the parliament.
If you’ve got money and are in your mid-60s you’ll be able to funnel more into super without even working under a budget plan that makes a mockery of super.
Other countries seem happy to pay more tax than we do, and they are among the world’s top performers.
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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Scientia Professor of Economics, UNSW
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Program Director, Housing and Economic Security, Grattan Institute
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Industry Professor, University of Technology Sydney
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Professor of Health Economics and Director, Centre for Health Economics Research and Evaluation, University of Technology Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Adjunct Professor, College of Business, Victoria University
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Professor, Journalism, RMIT University
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Senior Research Associate, University of Johannesburg
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Professor of Economics, Monash University
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Professor - Department of Economics, Macquarie University
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Professorial Research Fellow, Melbourne Institute, The University of Melbourne