The Australian government’s spending is Keynesian, but its approach to wage growth is not.
Articles on MYEFO 16
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Scandals, elections, budgets, 2016 had it all. Here’s what made news in business and economics.
National governments do not, and should not, behave like a private household.
Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
Economist Ross Guest unpacks some of the key numbers in the government’s mid year budget update, with seven charts.
While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
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.
Ahead of the Mid Year Economic and Fiscal Outlook, minister for defence industries Christopher Pyne said a lot of jobs were created in 2016 and Australia has the highest growth rate in the G7. Is that true?
A lot has changed in the global economy since the Federal Budget 2016.
Top contributors
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Director, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Professiorial Fellow, The University of Melbourne
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School of Social Sciences, Monash University
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Nonresident Fellow at the Lowy Institute for International Policy and Adjunct Professor with the John Curtin Institute of Public Policy, Curtin University
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Director, Centre of Policy Studies, Victoria University
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Professor of Institutional Economics, RMIT University
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Professorial Fellow, University of Canberra
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Dean of Business School, University of Southern Queensland
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Senior Research Fellow (Macroeconomics), Melbourne Institute, The University of Melbourne
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Program Director, Housing and Economic Security, Grattan Institute
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Visiting Fellow, College of Business & Economics, Australian National University