Budget deficits used to be seen as proof of profligacy, but a new permissiveness has swept the world, partly in response to the Covid-19 pandemic, but also reflecting new economic thinking about the sustainability of …
Tag Archive for: "budget"
In late April, President Joe Biden reiterated his pledge to bring an end to American complacency on the world stage. ‘We are in competition with China and other countries to win the 21st century,’ he …
Once again, the Australian government has delivered exactly the funding it promised in the 2016 defence white paper and 2020 defence strategic update (DSU). If the government was willing to recommit to the white paper’s …
Financial Times chief economist Martin Wolf has warned that US President Joe Biden’s big-spending stimulus program risks generating a burst of inflation that could lead to a financial crisis and deep recession before the 2024 …
The 2021–2022 federal budget focuses on ‘securing Australia’s recovery’ but it has accepted the assumptions of the past by limiting investment to road and rail infrastructure, not just for northern Australia but across all states …