Australian budget

Via Domain: Scott Morrison and Josh Frydenberg are about to challenge an Australian fiscal record.

By David Collyer Victorian Treasurer Tim Pallas has pre-announced Land Tax changes ahead of Monday night’s state budget.

Via the excellent George Theranou at UBS: Monthly budget data for Apr-19 released today showed the Commonwealth General Government budget position already materially beating the Budget released on April 2, 2019…allowing for seasonality (etc), the Govt said the UCB is tracking $1.9bn better than expected (in just one month).

By Leith van Onselen In late 2017, the Turnbull Government implemented university funding reforms that made it harder for students to access the Higher Education Loan Program (HELP) for courses that have poor employment prospects, thereby effectively ending the demand-driven university system established by the Gillard Labor Government.

Via the AFR: Labor is unlikely to shift its opposition to the Coalition’s high-end income tax cuts but has signalled jettisoning a central plank of its climate change policy as it grapples with the loss of its blue-collar base.

By Leith van Onselen A new report claims that Australia’s ageing population is placing increasing strains on Australia’s health system.

By Leith van Onselen Victorian Premier, Dan Andrews, is under assault on multiple fronts for refusing to allow the Morrison Government to build the controversial East-West Link, which was dumped by Andrews after the 2014 State Election.

Via New Daily: Tax cuts for the “top end of town” could be waved through Parliament by Labor as it considers putting the Prime Minister under pressure to deliver on his tax cuts and his promised surplus.

By Leith van Onselen Over recent months we’ve warned how the impending stamp duty bust in Victoria will force the Andrews Government to tighten its belt.

By Leith van Onselen Last weekend’s Federal Election offered another reminder of why Australia’s infrastructure delivery system is busted and badly ill-equipped to keep pace with the federal government’s mass immigration ‘Big Australia’ policy.

Via The Australian: Scott Morrison’s promised tax cuts will be delivered by the 2019-20 financial year, with the Australian Tax Office saying it can pass on the promised changes if Labor agrees to them.

By Leith van Onselen Tax cuts announced by the Morrison Government in the April Federal Budget are likely to be delayed until 30 June 2020 because Parliament is unlikely to resume in time to pass the measures.

By Leith van Onselen The election campaign saw both sides of politics shower Victoria with infrastructure promises in a bid to sway votes.

By Leith van Onselen The first order of business for the re-elected Morrison Government will be to legislate its tax cuts announced in the April Budget.

By Leith van Onselen All generations believe that Baby Boomers are getting the best deal from the government at present.

By Leith van Onselen Earlier this week, I provided a back-of-the-envelope estimate of the astronomical cost associated with Labor’s reckless uncapped plan to allow migrants to bring two elderly parents into Australia for a continuous period of up to ten years.

By Leith van Onselen Last year, Labor leader Bill Shorten gave a speech to the Press Club claiming Australia’s private health insurance industry is “treating Australians like mugs” and “gouging people on the basis of a con”.

By Leith van Onselen In the wake of Labor leader Bill Shorten over the weekend committing $10 billion of taxpayers money towards Dan Andrews’ $50 billion suburban rail loop: More experts have emerged attacking the project as a “white elephant”.

Another poor effort from Alan Kohler: American GDP growth accelerated to 3.2 per cent in the March quarter.

By Leith van Onselen Melbourne University demography professor, Peter McDonald, delivered another stark warning yesterday that Labor’s crazy policy to allow migrant Australians to bring their parents to Australia will lead to 2 million elderly migrants drowning the nation in blue rinse, straining public services and infrastructure, and rapidly age the population.