This paper analyses the COVID recession and the large fiscal policy response by modelling three scenarios using a macro-econometric model.

The backdrop to the forthcoming federal and state budgets for 2022/23 is that Australia’s public debt has increased sharply during the pandemic since 2019 — and is projected to increase further. This report provides an update of measures of Australia’s public debt based on mid-year budget reviews released by the Commonwealth, state and territory governments...

Inflation is rising around the world, the sting in the tail of the pandemic economic stimulus packages unleashed by governments in 2020. This analysis paper examines the implications for prices and wages growth in Australia.

This document explores the likely financial and fiscal issues arising in the relationships between central and sub-central governments.

The Fiscal Impact of New Australians model (FIONA) has been developed by the Treasury to estimate the fiscal impact of permanent migrants over their remaining lifetimes in Australia. This paper presents the methodological approach used in FIONA, along with the main modelling results.