Yesterday
Taylor demands PM set up government spending audit
The new opposition leader is seeking to put pressure on Labor over rising inflation and higher interest rates as gross national debt approaches $1 trillion.
Unprecedented warning: Taxpayers may need to bail out broke states
The International Monetary Fund issued a rare warning as it called on Treasurer Jim Chalmers to press the states to rein in spending and overhaul property taxes.
This Month
‘Retiree tax’ crusader is contender to be shadow treasurer
Tim Wilson, the Liberal MP who campaigned relentlessly to help kill Labor’s superannuation tax, has emerged as a frontrunner for the high-profile role.
RBA board appointee argued for higher interest rates
Bruce Preston, one of the nation’s top academic monetary policy economists, has been added by Jim Chalmers to the central bank’s cash rate-setting panel.
‘I’ve operated professionally and with integrity’: AOFM boss
Anna Hughes, the head of the federal government’s $1 trillion debt office, has defended herself, following the launch of an independent review of the agency.
Treasury contradicts Chalmers on spending blowout
A senior treasury official has contradicted a claim from Jim Chalmers about the contribution of government spending to a $54 billion blowout in the budget.
Capital gains tax debate needs facts, not spin
While there may be a case to change the 50 per cent discount on capital gains, the economic reality is the tax break is not nearly as generous as its critics claim.
Staff at $1trn debt agency blew whistle to Treasury
Australian Office of Financial Management employees raised concerns about the restructuring, loss of workers, and the performance under chief executive Anna Hughes.
‘This is a real problem’: Australia’s $1trn debt office in chaos
Treasury’s Australian Office of Financial Management has been rocked by a series of senior staff departures, the loss of 22 of 48 staff and shocking employee-survey results.
Treasury’s $1trn debt office faces ‘independent review’
Former RBA deputy governor Guy Debelle will review the Australian Office of Financial Management’s governance and capabilities following a staff exodus over the past year.
‘Yet another tax slug’: Howard, Costello pan capital gains proposal
The former prime minister and treasurer say the changes would hurt the aspirational middle class.
Turn up the mic: Why RBA tiptoes around one reason for rate increases
Every six weeks, the nation hangs on the central bank governor’s every word. But Michele Bullock is determined not to drag it into political fights.
Real wages won’t grow until 2027
The Reserve Bank forecast deals a blow to household budgets and the Albanese government’s claim of delivering above-inflation pay gains for workers.
The RBA can’t mask Labor’s economic errors
Unless there is a sharp change of direction under the Albanese government, the economic realities will catch up with the politics.
Bullock’s interest rate story needs tougher talk
With the private sector rebounding, the government should be pulling back to make room for more productive enterprise activity.
Chalmers’ spending claim debunked by budget watchdog
New figures show that higher government spending caused about two-thirds of the $57 billion blowout in the deficit in the next decade.
January
Hard lessons to learn from RBA’s interest rate U-turn
Rising prices, big spending governments and a strengthening Australian dollar are giving Reserve Bank governor Michele Bullock a lot to think about.
Treasury warns of risks with cash-flow tax
Treasury says the Productivity Commission’s proposal would be difficult to implement and may stifle investment if the wrong profits are targeted.
Liberal Party can’t decide if it loves markets or manufacturing
Huge economic ramifications are at stake from the inevitable Liberal Party leadership showdown between Sussan Ley, Andrew Hastie and Angus Taylor.
High inflation leaves RBA out of excuses on interest rates
The hotter-than-expected figures mean the Reserve Bank of Australia faces an embarrassing U-turn on monetary policy.
