Bread and Surpluses: What you need to know about the Budget
The Albanese Government has handed down its 2023-24 Federal Budget, and it contains positive measures like a 15% pay rise for aged care workers, the minimal increases to welfare, and deferral of any change to the Stage 3 tax cuts, confirm that change is going to be incremental and slow. This was recorded on Wednesday
Don’t worry about a budget surplus, worry about a slowing economy
Rather than be a budget that will fuel inflation, the budget is actually closer to austerity than stimulation
Budget: Real Revenue Reform Delayed Until 2024 Amid Structural Deficit for Services
Federal Budget 2023-24 has delayed solving Australia’s structural revenue problem, deferring any change to the Stage 3 tax cuts ($254b over 10 years) or fossil fuel tax credits ($9.4b in 2023-4) until at least May 2024, before the next federal election. The decision to delay revenue reforms leaves the Budget ill-equipped to meet the needs
Wage growth under enterprise agreements shows no signs of driving inflation
Wages growth under enterprise agreements show that workers continue to be the ones doing it toughest during the period of high inflation
PwC CEO Resignation Reflects Need for Structural Consultancy Reform
The overnight resignation of PwC’s CEO as a result of the ongoing tax avoidance scandal reflects the need for structural reform to the way the Government engages large consulting firms to perform core government work, according to integrity experts at the Australia Institute. Experts have reaffirmed their recommendations to the senate inquiry into consultancies and
For housing to be affordable, prices must go down, not up. Here’s how it could happen
Labor’s housing policies risk being as ineffectual as the Coalition’s. The real solutions aren’t complicated – but they need political will.
Surging mining sector profits are distorting Australia’s economy.
Profits in the mining sector are surging, but output is not – and the increased prices come at a cost to the rest of the economy
How the public is kept in the dark about what consultants tell the government
Less than 20% of consultants’ reports to government are published
Lower inflation but lower wages – the RBA predicts lower real wages
By the middle of 2025 the average wage will be worth less in real terms than it was a decade and half earlier
Affordability of a Liveable Jobseeker Payment is a Non-Issue
Commonwealth on Track for Diminutive Deficit or Surplus in 2022-2023 In the lead-up to its 2023-24 budget, the Labor Government finds itself in an awkward position, accepting that the Jobseeker payment is “seriously inadequate” and an impediment to regaining work, yet professing that it lacks the financial capacity to afford a meaningful increase anytime soon.
Bringing in the Budget | Between the Lines
The Wrap with Richard Denniss Budgets, like life, are all about priorities. It’s easy to talk about all the things we can do, but it’s harder to decide where we’re going to channel our efforts. And as in life, sometimes the hardest part of prioritising is telling other people that their priorities aren’t yours. On
Funding our own Destruction
Despite fossil fuel usage contributing to the destruction of our climate, the Australian government still hands out billions every year in fossil fuel subsidies. But where is the money going, and how much is being spent exactly? This was recorded on Tuesday 2nd May 2023 and things may have changed since recording. The Australia Institute
$57.1b: Record Breaking Fossil Fuel Subsidies Following Climate Election
New research shows fossil fuel subsidies over the forward estimates have increased to a record breaking $57.1b, up from the $55.3b forecast in 2022. As the federal budget approaches, future fossil fuel subsidies will cost 14 times the amount invested in the Australian Disaster Ready Fund, and more than the amount spent on the Australian
The latest enterprise agreements show public sector workers are being hurt by wage caps
Stronger wage growth in the private sector is good news, but public sector workers continue to be left behind
Disappointing: NT Minister Nicole Manison Denigrates Scientists, Backs Beetaloo Fracking
In an extraordinary press conference in Darwin today, the NT Deputy Chief Minister denigrated 96 leading scientists and experts who had this morning called the NT Government to respect climate science by halting fracking expansion in full page ads, by suggesting ‘those people be a bit more practical and level-headed’, while announcing the NT would
It’s not just mining – non-mining profits have also driven inflation
As the Reserve Bank continues to raise rates, it continues to misread the nature of inflation that is being driven largely by profits.
The Reserve Bank’s decision to raise rates shows a total lack of coherency
Wages growth is rising slowly and inflation is falling faster than expected, and yet the RBA decided to hit the economy again with another rate rise.
96 Leading Australian Scientists & Experts Call for NT Fracking Ban
96 leading Australian scientists and experts have called for the Northern Territory Government to follow the science and ban unconventional gas development because of its unacceptable impact on the climate. Signatories include many of Australia’s leading climate scientists including Professor Emeritus David Karoly, Professor Emerita Lesley Hughes and Professor Matthew England. Scientific experts also include
16 Reasons why the Stage 3 tax cuts should be scrapped
Australia Institute research shows the Stage 3 income tax cuts are fiscally irresponsible, massively expensive and completely unfair. Here are 16 reasons why they should be scrapped.
Plenty of fish (48%) should be left in the sea: submission
The Australia Institute Tasmania has called for stronger measures to address depleted fish stocks and prevent future overfishing in a detailed submission on the Tasmanian Government’s Draft Harvest Strategy for Wild Fisheries. The recommendation of ensuring fish levels stay at 48% of unfished biomass is in line with CSIRO recommendations that guide Commonwealth fisheries strategies.
Ban Consulting Firms Who Breach Public Trust: Parliamentary Submission
Consulting firms who leak confidential information and breach public trust should be barred from winning Government contracts, according to a submission to the Parliamentary Inquiry into the integrity of consulting services. Appearing today at the Senate Inquiry into consulting services, experts from the Australia Institute’s Democracy & Accountability program will warn that the over-use of
Vast Majority Want Greater Affordable Housing Direct Investment in Budget
New research from the Australia Institute shows that eight in 10 Australians (80%) agree that the Federal Government should spend more money to directly build affordable housing in the Budget. The Australia Institute surveyed a nationally representative sample of 1,002 Australians about their attitudes toward the Federal Government’s response to the housing crisis. Key Findings:
Poor policies stopping our fair go
The government must change its stance on stage three income tax cuts and JobSeeker before it’s too late.
The Housing Crisis
Australia’s housing crisis is only getting worse, and our social housing shortfall has ballooned to 500,000 and rent is skyrocketing. So how did we get here, and what can be done? This episode is a live recording from the Australia Institute’s Politics in the Pub series. This was recorded on Wednesday 19th April 2023 and
Latest inflation figures show the RBA was right not to raise rates in April
Inflation is falling steadily but hitting low-income households the most.
7% Minimum Wage Rise Would Tackle Inflation, not Feed it: Research
A 7% National Minimum Wage rise for low paid workers would help tackle the rising cost of living for those on award wages while having a virtually undetectable impact on economy-wide prices, new research from leading economists at the Centre for Future Work has found. The data comes as the Fair Work Commission deliberates about
Can carbon offsets save the environment?
If you’ve ever ticked ‘yes’ to offsetting your carbon emissions when you booked a flight, it might have felt like you were doing something good. Planting some more trees to make up for your trip certainly offsets our guilt. But does it actually take carbon out of the atmosphere?
After the NSW election, privatisation is politically dead in Australia
Last month’s New South Wales election ejected the final mainland Coalition state government from office.
Slow improvement in wages growth under enterprise agreements
Wages under enterprise agreements are slowly rising, but remain well below inflation
Getting Off Gas: Majority Support Household Electrification as Economic, Climate Costs Rise
New national research shows a majority of voters feel positive about switching Australian homes away from gas and moving to full electrification, as cost of living and climate concerns continue to rise. The report, based on a nationally representative survey of Australian households undertaken by The Australia Institute and SEC Newgate, reveals very little opposition
Luciana Lawe Davies Media Adviser