2015 Australian federal budget

Fair, Repair or Despair; The Australian Budget

The Australian Federal budget was delivered to the public on Tuesday night. There has been a shift in focus from budget repair towards supporting growth and fairness. In the most recent Oliver’s Insight, Dr. Shane Oliver, chief economist of AMP Capital, gives us his analysis of the budget. Here’s what he said: After the political and economic…

Why the upcoming Federal Budget is a textbook policy dilemma

The Federal Budget will be delivered shortly, but the local and world economic challenges are causing Joe Hockey and Tony Abbott a dilemma.  Fabrizio Carmignani, Griffith University A standard principle in economic policy-making is that if you have only one tool, then you cannot achieve two distinct objectives. The problem for prime minister Tony Abbott…

Why the federal budget is not like a household budget

With the Federal budget coming up next week it’s clear the Government has some significant challenges ahead, so it’s worth revisiting this excellent article… by Warwick Smith, University of Melbourne Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would…