If growth is the metric that counts, this is not yet the turning point that will deliver rising living standards and jobs for all.
Articles on Deficit
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The Budget Paper 2 book, which contains new measures, is a slim document.
In the Albanese government’s last federal budget before the election, new spending promises are likely to be limited.
The Tax Cuts and Jobs Act from Trump’s first administration harmed many middle-class and low-income taxpayers. But Black people got it the worst, says an expert on race and taxation.
The Ghanaian currency is facing structural hurdles.
If anyone had told the Coalition when it was elected in 2013 that it would be presiding over such a debt level, let alone arguing its virtues, they’d have been laughed out of court…
We now need a revolution in our national thinking about debt and deficits.
There are limits on how much governments can spend without earning, although increasingly politicians are behaving as if there are not.
As Trump prepares to deliver his delayed State of the Union address, here’s what four economists had to say about the state of the union.
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Was shadow minister for finance Jim Chalmers correct when he said that under the current Coalition government, net debt had doubled? We asked the experts.
Even though this year’s budget is pretty good politics and reasonable economics, on almost every front, it is a missed opportunity to be bold.
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
The South African budget speech echoed the theme of rebuilding set out by President Cyril Ramaphosa in his state of the nation address.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.
Seven charts on the highlights from the government’s mid year update of the budget.
Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos. The country is living on borrowed time and borrowed money.
South Africa’s 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Top contributors
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Scientia Professor of Economics, UNSW
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Professor of Economics, University of Canberra
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Professorial Research Fellow, Melbourne Institute, The University of Melbourne
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Visiting Professor at the Business School, University of the Witwatersrand
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Professor of Economics, University of Canberra
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Senior Lecturer in Economics, The Open University
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Professor of Economics, Monash University
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Dean of Business School, University of Southern Queensland
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Professor Emeritus of Economics, SOAS, University of London
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Associate Professor, School of Economics, University of Sydney
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Professor of Economics, University of Stirling
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Professor of Political Economy, University of the Witwatersrand
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Instructor of Business Management, University of Toronto
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Senior Lecturer in Politics, York St John University