This paper analyses the current constitutional and operational framework for a new classification of public expenditure. The aim is to identify expenditure and encourage the ‘shift to prevention’. It considers three expenditure areas in the United Kingdom: health, homelessness and children’s social care. By differentiating between everyday spending and preventative spending, the government could measure...

The report provides independent projections of the Federal Budget, including detailed estimates of future spending and revenues. It forecasts an underlying cash deficit $5.2 billion worse than estimated in the 2024-25 budget. This is a significant deterioration from the $15.8 billion surplus in 2023-24.

This report questions whether payroll taxes affect firm growth by examining a recent cut in South Australia’s payroll tax rate for small businesses. The tax cut may have been counterproductive because it introduced a sharp increase in tax rates for firms with payrolls between $1.5m and $1.7m which made it less attractive for firms to...

This research note questions how New Zealand has managed to sustain its large and growing current account deficits with the rest of the world without seeing a corresponding deterioration in its net international investment position (NIIP).

This paper argues the Australian taxpayer is much better off when non-government schools receive public funding. The authors calculate the savings from all Australian non-government schools, both Catholic and Independent, for the year 2023.