Interest payments on Commonwealth debt could become the third-largest spending item in just 10 years, behind only health and income support for seniors, according to new research from free market...
“Insouciance” is a word Australians don’t use very often. Maybe we should. It perfectly describes the popular reaction to this week’s federal budget and the news the...
Australia is unlikely to be debt-free until 2080 as a result of the lockdowns implemented in response to COVID-19. The much anticipated 2020-21 Budget does not even attempt to highlight a path out...
Modelling by the free market think tank the Institute of Public Affairs, based on data from the Commonwealth Government Budget and the Australian Bureau of Statistics, estimates that: Gross...
Treasurer Josh Frydenberg yesterday delivered a sobering economic statement to Parliament. In stark contrast to the premature “back in the black” celebration just 12 months ago, the Treasurer...
“Australia could have $1 Trillion worth of debt within 3 years. The only way to repay this monumental amount of debt is for Australia to become more productive,” said John Roskam, Executive...
Professor Sinclair Davidson, IPA Senior Research Fellow and Professor of Institutional Economics at RMIT University, joined us on The Young IPA Podcast this week. Here’s some of what he had to...
“This Budget lacks the ambition needed to fix the deep structural problems with our national economy and finances. Taxes will continue to rise, and government will remain too big”...
Australian students have the immense privilege of being able to attend a world-class university regardless of their bank balance, or family background. And that will continue under the...
The latest annual IMF Australia Consultation might have passed unnoticed but for this highly damning statement: “the new mediocre”. Perhaps they were being polite –...
From The Australian today: Australia’s gross public debt is on track to rise from $474bn as of last month to more than $600bn within the next three years — even including the government’s reform...
Despite four prime ministers and four treasurers since 2013, Australia’s budget situation has not improved. Only Chris Bowen has no case to answer as his time as treasurer was too short for...
