Following our series on Tony Abbott’s five pillars of the economy, today we look at a sector overlooked by the prime minister.
Articles on Federal Budget 2015
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In the latest in our Budget Explainer series, Mark Crosby explains debt and deficit and where Australia stands.
With his reputation and confidence already badly dented, Treasurer Joe Hockey has been further damaged just two days before delivering his second budget.
The government estimates its proposed $3.5 billion child care package will encourage more than 240,000 families to increase their involvement in paid employment, including almost 38,000 jobless families.
In our final piece on the five pillars of the economy, we look at services. It’s the great economic hope - but opportunities in the burgeoning Asian market elude us.
In just a year, the Abbott government has gone from a radical nation-changing budget to promising a ‘dull’ one. Are we to believe the ideological zeal is gone, or has the survival instinct kicked in?
Here we are with the budget almost upon us and Tony Abbott has had to assure the public, and Joe Hockey, that the Treasurer won’t be sacked if it’s a flop.
Despite the rhetoric that Australia needs to reign in government spending, we’re actually out of step with other developed economies.
A crackdown on the pension assets test will save the budget A$2.4 billion over the forward estimates, the government says.
In our federal budget explainer series, Guay Lim explains what Australia’s structural deficit really means.
The key economic indicators to look out for on budget night.
Victoria’s Labor government has eschewed an austerity approach in its first budget, in contrast to some of its state counterparts.
Australia’s emerging agriculture boom can last much longer than the mining boom – but the industry needs policies that will encourage investment.
Mining, along with agriculture, will continue to be key parts of the Australian economy – but new growth is expected in the services sector.
Now is not the time for complacency. Australia must be on the front foot if it wants to make the most of what economists are calling the “new normal.”
There is a future for manufacturing in Australia - but we need to follow some international lessons to build a competitive knowledge-based economy.
Pro-reformists may view 2014 as a wasted year, but the lessons from the federal budget could make it a watershed one instead.
Against the grim outlook of a continuing massive deficit, Tony Abbott and Bill Shorten are both seeking to frame the debate ahead of Treasurer Joe Hockey bringing down his second budget next week.
The mining boom is over and the industry is employing fewer workers – but the outlook for mining in Australia seems generally good.
The health of our environment is not included in national accounts data. And we are all poorer for it.
Top contributors
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Professorial Fellow, University of Canberra
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Scientia Professor of Economics, UNSW
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Vice-Chancellor's professorial fellow, Monash University
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Dean of Business School, University of Southern Queensland
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Chief executive officer, Grattan Institute
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Emeritus Professor, School of Environment and Science, Griffith University
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Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne
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Professorial Fellow, Jumbunna IHL, University of Technology Sydney
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Professor of Health Economics, University of Technology Sydney
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Fellow, University of Technology Sydney
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Director of Online Programs, AGSM, UNSW
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Lecturer in International Relations, Binus University
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Honorary Fellow, School of Social and Political Sciences, The University of Melbourne
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Lecturer, School of Media, Film and Journalism, Monash University
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Professor, Department of Economics, The University of Melbourne