Australian budget

Victoria is easily the nation’s most indebted state with the lowest credit rating.

A Senate inquiry has demanded a slew of new regulations governing the federal government’s use of consultants.

The 2021 Intergenerational Report (IGR) contained the following fantastical chart showing that each primary skilled migrant delivers $319,000 in net benefits to the Australian government, whereas every other permanent visa class (comprising more than 60% of the intake) costs the government money on average: There were some important caveats to this analysis.

Independent economist Tarric Brooker coined the term “burnout economics” to describe the situation where the RBA’s efforts to slow the economy via interest rates are undone by governments pumping demand via fiscal stimulus.

Labor’s Industry Minister, Ed Husic, told The Australian Financial Review AI Summit that Australia needed lower company taxes to help businesses free up capital and drive investment in AI technologies.

I was interviewed by Bill MacDonald on Brisbane Radio 4BC for my take on the federal budget.

Victorian Premier, Jacinta Allan, stupidly chose to sign the contract to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the clear advice of infrastructure experts, who wanted the project axed.

The Australian’s Judith Sloan has backed former Australian Treasury official Stephen Anthony’s prediction that Victoria now may require a bailout from the federal government.

Economist Saul Eslake contends that Victoria has become overly reliant on population growth and housing as a source of economic growth, resulting in it becoming by many metrics a poor state.

Education Minister Jason Clare has announced that, as part of the upcoming budget, part of the student debt of people with Higher Education Loan Program (HELP) accounts, better known as HECS, will be forgiven.

On Saturday, I was interviewed by Radio 2GB’s Luke Grant.

Victoria, Australia’s most indebted state, is projected to have $247.2 billion of debt by 2027, up from $55.2 billion in 2019: The state’s poor budgetary position is attributed to wasteful “Big Build” infrastructure projects, such as the North-East Link and the Suburban Rail Loop, alongside excessive spending on bureaucrats.

Victoria is the country’s most indebted state, with the lowest credit rating.

Dr Ken Henry, former Treasury Secretary, recently urged comprehensive reform of Australia’s taxation system in a speech to the Australian National University.

Victoria is the nation’s most indebted state, with the lowest credit rating.

Former Treasury Secretary Dr Ken Henry has called for a revamp of taxation and government spending in a speech to the Australian National University.

Analysis by the Centre for Independent Studies (CIS) shows people earning more than $224,000 a year were “under-compensated for bracket creep” under both the Coalition’s original stage 3 tax cuts and Labor’s revised version.

Victoria is easily the nation’s most indebted state and also has the lowest credit rating.