Vertical fiscal imbalances are wrecking Australia

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Nine Media’s Shane Wright and Millie Muroi have written a detailed report explaining how the nation’s asymmetric responsibilities and vertical fiscal imbalances are harming service delivery, infrastructure, businesses, and overall productivity and living standards.

There is an increasing number of Australian politicians and policymakers who believe that the nation’s federal system is a key cause of its declining living standards and tepid economic growth.

Treasurer Jim Chalmers has described federation as “a handbrake on the economy”, while some view that its many problems can be traced back to its birth in 1901.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.