Australian budget

Budget explainer: the federal-state battle for funding

The reason for the constant struggle for funding between the states and federal government relates back to the constitution, writes… Adam Webster, University of Oxford There seems to be an ever present struggle for a share of the revenue government collects, not only between states but also between the different levels of government. In each…

Budget explainer: what is a structural deficit and why does Australia have one?

There’s lots of talk about the Federal Budget and one of the terms thrown around is the deficit. But what is it and should we worry about it? Let’s ask: Guay Lim, of University of Melbourne A budget deficit is the difference between revenues and expenditures. Revenues come mainly from taxes while expenditures include interest payments…