This brief provides some background data on domestic and international economies. It includes summaries of recent economic data, their underlying drivers, and discussion of the key issues and concerns arising from interpretation of these data.
The aim of this briefing is to provide some context for the 2019-20 Budget based on the latest economic and fiscal forecasts released at the 2018-19 MYEFO in December 2018. The figures are current at the time of publication but the government’s economic and fiscal...
This paper examines the impact of growth in government investment funds on net debt. The focus in this report is conceptual—whether the long-standing frameworks that define net debt would benefit from review in light of the growing use of investment funds—and suggests that increased transparency...
This is the ninth Per Capita Tax Survey, which has been conducted annually since 2010, with the exception of 2013. The results provide a snapshot of the Australian public’s attitudes towards taxation and public expenditure, and a long-term view of trends in public opinion on...
This report identifies options that can help deliver long term equitable and sustainable federal budgets while also increasing transparency, and therefore community trust, in the federal budget process.
As well as updating the economic and fiscal outlook, the MYEFO updates the budgetary position. In particular, the MYEFO takes account of all decisions made since the release of the budget which affect expenses and revenue and hence revises the budget aggregates. An appendix to...
To assess Australia’s fiscal sustainability and budget challenges it is important to look at the budget position of not only the Commonwealth but also states and territories. This report examine the revenue, expenditure, net capital investment and the net debt position across all levels of...
This paper examines what has happened to government revenue in the last twenty years, the state of government revenue today and how we can reform our tax system to make it more efficient and equitable.
This guidance note sets out how the Parliamentary Budget Office (PBO) will include the medium‐term financial impacts of election commitments in the next post‐election report.
The New Zealand government is committed to using a broader framing to measure New Zealand’s progress, to develop and assess fiscal policy and support decision-making.
This report analyses projections for receipts and spending at a detailed level over the period to 2028‐29 to explain the main reasons for the projected return to surplus, fall in net debt, and increase in net financial worth over this period. This analysis takes the...
The objective of this audit was to assess the department’s design, implementation and monitoring of select 2014–15 and 2015–16 Budget measures aimed at achieving $1.2 billion in savings and other benefits.
In Zimbabwe, the Prime Minister’s Directives on Decentralisation and Development of 1984 and 1985, together with the Provincial Council and Administration Act 1985, constitute the foundation for post-independence attempts to ensure effective governance. The Directives provided for the establishment of hierarchical structures and mechanisms to...
The Turnbull Government’s proposed personal income tax cuts are the largest ever proposed in a federal budget. As is outlined in this submission, the substantial reduction in revenue is not obviously consistent with the government’s medium-term fiscal strategy.
The chart pack provides a visual summary of the key drivers of the change in the budget estimates between budget updates. The unlegislated measures tables provide an update of the projected impact of unlegislated measures on current budget estimates and over the medium term.
The 2018–19 defence budget continues to deliver the vision set out in the 2016 Defence White Paper. In 2018–19, the government is increasing the defence budget towards its commitment of 2% of GDP by 2020–21.
The Budget at a Glance is the overview of all the Budget information and contains the main points for the media and public. This summarises the government's spending decisions and key issues raised in the Budget Speech, the Fiscal Strategy Report, and the Budget Economic...
This paper provides an overview of the implications for Indigenous Australians of the 2018–19 Federal Budget, focusing on both Indigenous-specific budget announcements, as well as general or mainstream measures that have particular relevance for Indigenous Australians.