The 2020 budget explained in 7 charts: the major cuts and spends, the new tax rates, and that almighty debt.
Articles on Budget deficit
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The government wants consumers to spend, spend, spend: the question is whether they will feel confident to do so.
The government has brought forward planned future tax cuts. And while some say we shouldn’t be cutting taxes during a recession, the plan has its merits.
Assuming jobs will grow as JobKeeper is wound back is a leap of faith.
The federal budget is set to deliver faster tax cuts and cash for pensioners amid a Herculean push to create more jobs.
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Modern Monetary Theory is suddenly popular because it implies governments can spend as much as they need to. But that spending comes with risks.
National Treasury is incapable of coming up with the sweeping governmental, social and economic changes required to dig South Africa out of its economic hole.
The budget is one of the key tools that government has to effect meaningful change.
A large part of the debt the Indonesian government is taking on to fight the COVID-19 pandemic is as a 50-year loan in US dollars. That could create a big problem in coming decades.
Michelle Grattan discusses the government’s new family law inquiry, and Australia being banned from the speaking list at the upcoming UN climate change summit.
History suggests we can run sizable budget deficits while shrinking the budget debt burden. Mid last century our leaders weren’t afraid to say so.
Although US debt may be at eye-popping levels, an economist explains why it shouldn’t keep you up at night.
The budget deficit is as good as dead. For practical purposes we are back to normal with financial firepower recharged for the next crisis.
Congress may have averted a shutdown, but don’t get too excited, warns a Harvard budget expert. The deal isn’t sustainable long term.
South Africa’s finance minister Malusi Gigaba failed to impress when presenting the eagerly awaited 2017 medium term budget.
With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
National governments do not, and should not, behave like a private household.
The government has made a concerted bid to reinforce Australia’s AAA credit credentials by ensuring the budget is still projected to return to surplus in 2020-21.
Top contributors
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Professorial Fellow, University of Canberra
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Professor of Economics & Business, Allegheny College
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Professor of Economics, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Daniel Patrick Moynihan Senior Lecturer in Public Policy and Public Finance, Harvard Kennedy School
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Professor of Public Policy (retired), University of Virginia
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Associate Professor, Torrens University Australia
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Professiorial Fellow, The University of Melbourne
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Associate Professor of Political Science, Northwestern University
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Professor of Economics, Monash University
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Professor of Economics, University of the Witwatersrand
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Chief executive officer, Grattan Institute
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Deputy Vice-Chancellor, Research, University of Canberra
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Director, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Senior Lecturer, MIT Sloan School of Management