Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
Articles on Public debt
Displaying 21 - 35 of 35 articles
The MYEFO numbers aren’t going to be pretty - but the projected future budget deficits are a fantasy.
The consequences if lawmakers don’t raise the debt ceiling in the coming days are unknown but potentially devastating for the US and global economy.
Greece could default and refuse to leave the eurozone - it all comes down to what the European Central Bank does next.
Despite its tendency to provoke anxiety-inducing debates in Congress and government shutdowns, the high level of US IOUs isn’t a big deal.
Privatising public assets is like a tradesperson selling her or his tools when facing a temporary income shortfall. Much better to borrow at low interest rates and productively invest those funds.
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…
Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking his instrument…
Though money and financial factors are integrated in complex ways in the workings of the economy, ultimately it is real resources – work forces (sizes and skills), capital goods and natural resources…
There’s something to be said for the suggestion that politicians habitually cite academic papers they have never read and thus use them as convenient props for measures they would have implemented anyway…
You can’t fault a treasurer for trying to put the best possible spin on budget numbers — and that’s certainly what Joe Hockey did last night. The most important numbers, of course, are the deficit projections…
Household debt in the UK recently hit a record high, surpassing the previous peak reached in September 2008. That was the month when Lehman Brothers collapsed, sparking off the global financial crisis…
The Australian Parliament is deadlocked on a bid by the government to increase the debt ceiling from A$300 billion to A$500 billion. The Greens have flagged a willingness to drop the ceiling entirely…
Liberal MP Andrew Robb has criticised the rise in public debt under the current Gillard government in a recent ABC radio interview. During the interview, Robb claimed growth in public debt was excessive…
Top contributors
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Associate professor, Finance, University of the Witwatersrand
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Professor of Economics, University of Georgia
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Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
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Dean of Business School, University of Southern Queensland
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Scientia Professor of Economics, UNSW
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Professor, Faculty of Business and Management Sciences, University of Nairobi
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Senior Lecturer in Economics, The Open University
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Visiting Fellow, QUT Business School, Economics and Finance, Queensland University of Technology
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Professorial Fellow, University of Canberra
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Director, Latin American Business Environment program, University of Florida
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Professor of Economics, University of Sydney
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Professor, University of the Western Cape
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Emeritus Professor, Department of Political Economy, University of Sydney
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Visiting Professorial Fellow, UNSW
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Research Fellow, Tegemeo Institute, Egerton University