Category Archives: Budget

Accounting at the ABC

Did you ever wonder why the ABC’s budget figures never seem to quite add up? This is the government budgeting to have a $29.4 billion deficit for 2017-18 (page 11-7): In short: $433.5 billion in receipts; minus $459.7 billion in … Continue reading

Posted in Budget | Tagged , , | 15 Comments

The 2017-18 Federal Budget: Taxing Our Way to Prosperity

Every year, the government seems to make it harder to really see what they’re doing with our money in the budget – whether by renaming things, requiring an extra click or two to access various papers or simply by the … Continue reading

Posted in Budget, Federal Politics | Tagged , , , , | 53 Comments

Buried in the footnotes

On 9 May 2017, the Treasurer directed that the maximum face value of CGS that can be on issue is $600 billion That is footnote 3 on page 8 of section 7 of Budget Paper 1. Vital information like that … Continue reading

Posted in Budget | 48 Comments

Budget Speech 2017

The right choices to secure better days ahead. Thank you Mr Speaker, I move that this Bill now be read a second time. For many years now, as our economy has gone through major changes, Australians have had to dig … Continue reading

Posted in Budget | 370 Comments

Our Debt Has Chosen to Identify Itself as Good

I wonder what my bank would say if I asked them to have more patience with my ‘good’ debt? Seriously, what drugs are Scott Morrison and this Liberal government on? The Treasurer said it’s “wise” for governments to borrow when … Continue reading

Posted in Budget, Federal Politics | Tagged , , , | 58 Comments

What do you want from the university system?

Adam Creighton has an op-ed in the Australian this morning with a whole bunch of good and bad arguments. Let’s start with the bad: Australia’s universities soak up billions of dollars in public funds — $9.5 billion a year from … Continue reading

Posted in Budget, Education | 64 Comments

Does This Look Like a Government That Had ALL it Could Eat?

Sinclair Davidson brings our attention to these deeply troubling statements from our supposedly conservative, center-right treasurer: Mr Morrison emphasises that the Coalition understands that large businesses employ millions of Australians, which is why it took its enterprise tax plan to … Continue reading

Posted in Budget, Federal Politics | Tagged , , | 35 Comments

The government doesn’t pay your super

Paul Howes had an extended op-ed in the AFR Review on Friday talking about compulsory Super. In it he relates this anecdote: I can’t recall the member’s name, but she was a middle-aged woman who just started working part-time in an … Continue reading

Posted in Budget, Mining Tax, Taxation | 42 Comments

Nationalise Super?

Alan Kohler has cashed in the franchise with a piece in the Australian today advocating that Super be nationalised. Superannuation is the only product where choice and competition are not only completely pointless, they are counter-productive. That’s because choice and … Continue reading

Posted in Budget, Economics on the left, Superannuation | 80 Comments

Cross Post: Terry Barnes Dear Malcolm: better to die on your feet than live on your knees

Mexican revolutionary Emiliano Zapata once said, “It’s better to die on your feet than live on your knees”. Contrast Malcolm Turnbull. Our Prime Minister is like Napoleon in Russia in 1812. He’s retreating from his electoral Moscow, harassed and attacked … Continue reading

Posted in Budget, Cross Post, Federal Politics | 55 Comments