Big picture must frame reform

In today’s The Australian
“However uncertain the future may be, what cannot happen will not happen. In Australia’s case, we cannot run large budget deficits forever. At some point, debt accumulation, combined with loss of confidence and external shocks, will force painful adjustments.”

About Henry Ergas

Henry Ergas AO is a columnist for The Australian. From 2009 to 2015 he was Senior Economic Adviser to Deloitte Australia and from 2009 to 2017 was Professor of Infrastructure Economics at the University of Wollongong’s SMART Infrastructure Facility. He joined SMART and Deloitte after working as a consultant economist at NECG, CRA International and Concept Economics. Prior to that, he was an economist at the OECD in Paris from the late 1970s until the early 1990s. At the OECD, he headed the Secretary-General’s Task Force on Structural Adjustment (1984-1987), which concentrated on improving the efficiency of government policies in a wide range of areas, and was subsequently Counsellor for Structural Policy in the Economics Department. He has taught at a range of universities, undertaken a number of government inquiries and served as a Lay Member of the New Zealand High Court. In 2016, he was made an Officer in the Order of Australia.
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3 Responses to Big picture must frame reform

  1. Alfonso

    Rumours that Tone is about to scrap the RET…entirely.
    If so the political rehabilitation of our welfare statist guilty Catholic PM has begun.
    We may have got this in return for the S18C betrayal.

  2. struth

    And one plus one equals two.

  3. Squirrel

    “….as if an indignant sense of entitlement would itself pay the bills and ward off the day of reckoning….” – this now widespread attitude is the absolute crux of the problem, and explains why we are surely doomed to follow Europe. The only politically viable alternative will be further imposts on the easy revenue raising targets – i.e. honest taxpayers – the rorts on the revenue and expenditure side will largely continue untouched.

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