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Editor's note
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If you take a look at last year’s budget advertising video, the fine print underneath says “some Budget measures may be subject to the passage of legislation”. It could be the understatement of the year.
On Tuesday, Treasurer Scott Morrison is back for round two. To help you make sense of what we know so far, we've compiled the best of our lead-up analysis.
Canberra University's Phil Lewis asks why the Treasurer doesn't want to pitch the budget as a "centrepiece" of policy, Griffith's Fabrizio Carmignani explains the possible fallout of differentiating between "good" and "bad" debt, and Michelle Grattan sits down with former Liberal leader John Hewson
to discuss the uncertain economic climate Scott Morrison must navigate.
We’ll have more on what’s to come in tomorrow’s newsletter.
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Charis Palmer
Deputy Editor
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Top story
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The budget is a centrepiece of fiscal policy in Australia.
Julian Smith/AAP
Phil Lewis, University of Canberra
Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.
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Business + Economy
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If wages just grow at the rate of the last 12 months, rather than at the higher growth in the budget forecasts, income tax collections will be A$7 billion less for 2019-20.
Joel Carrett/AAP
John Daley, Grattan Institute; Danielle Wood, Grattan Institute
Wonky forecasts show it's time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
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The government will change the way debt is reported.
Dan Himbrechts/AAP
Fabrizio Carmignani, Griffith University
Restricting 'good debt' to funding physical assets could make it harder to fund education, health, and other social initiatives.
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Politics + Society
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Pat Hutchens/TC
Michelle Grattan, University of Canberra
John Hewson describes the uncertain economic climate into which Scott Morrison will deliver next week's budget.
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Explainers
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The federal government receives more revenue than the states so it divvies it up between them, but with conditions.
Lukas Coch/AAP
Adam Webster, University of Oxford
The reason for the constant struggle for funding between the states and federal government relates back to the constitution.
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All of the increase in spending on social security and welfare is due to the introduction of the National Disability Insurance Scheme (NDIS).
Dan Peled/AAP
Peter Whiteford, Australian National University
If you look at past budgets, the proposed cuts in social security programs are disproportionate to the amount the government spends.
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Featured jobs
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Deakin University — Burwood, Victoria
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Teach For Australia — Melbourne, Victoria
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University of Sydney — Sydney, New South Wales
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Featured events
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Building 16, Level 4, Auditorium 336–348 Swanston Street, Melbourne, Victoria, 3182, Australia — RMIT University
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Darlington, Sydney, New South Wales, 2006, Australia — University of Sydney
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