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Editor's note
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Treasurer Scott Morrison wanted to ‘draw a line in the sand’ today, to move on from budgets past. And the 2017 budget is a surprisingly different, but not in the ways the treasurer might imagine.
It’s a big-taxing budget for a Coalition government that loads the responsibility for budget repair onto the banks, foreigners, and the bulk of Australian taxpayers.
As Michelle Grattan writes, Morrison’s insistence that the problem was not on the revenue side suddenly has become oh-so-yesterday.
The treasurer says he’s tried to use savings measures to pay for the NDIS – but, failing that, the buck now passes to taxpayers, with an increase in the Medicare levy to 2.5%. Economist Richard Holden says it’s unclear whether this will still cover the costs of the program.
Then there’s the new levy on Australia’s big four banks with the addition of Macquarie. Despite the treasurer’s assurances that the banks can’t lie to customers about passing this cost on, Holden notes there’s little doubt that it’s mortgage holders and customers who will bear the brunt.
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Jenni Henderson
Editor, Business and Economy
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Top story
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Treasurer Scott Morrison explains the budget in the lock-up.
AAP/Lukas Coch
Michelle Grattan, University of Canberra
Scott Morrison has delivered a surprisingly big taxing budget that pays for the last burial rites of the 2014 toxic Abbott legacy.
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Infographics
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Wes Mountain, The Conversation; Jenni Henderson, The Conversation
All you need to know about the 2017-18 federal budget in one simple at-a-glance graphic.
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News and analysis
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Richard Holden, UNSW
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
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Tony Walker, La Trobe University
Scott Morrison and Malcolm Turnbull have clearly resolved to move onto the offensive politically by bringing down a budget that is both populist and expansionary.
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Tom Clark, Victoria University; Annabelle Lukin, Macquarie University; Danielle Wood, Grattan Institute
The Conversation's experts annotate Treasurer Scott Morrison's 2017-18 budget speech.
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Denis Muller, University of Melbourne
Successive governments have come to see the potential political gain in selectively leaking details of the budget before the big night.
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Richard Holden, UNSW
The housing affordability measures in this budget involve not much more than tinkering.
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Experts respond
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Ben Spies-Butcher, Macquarie University; Les Field, UNSW
The Conversation’s political experts react to the 2017-18 budget's key measures in the areas of welfare, foreign aid, defence spending and more.
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Stephen Duckett, Grattan Institute; Helen Dickinson, UNSW
Health announcements in the federal budget include a slow lifting of the Medicare rebate freeze, money for new medicines, and an increase in the Medicare levy to fund the NDIS.
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Louise Watson, University of Canberra; Bruce Chapman, Australian National University; Gwilym Croucher, University of Melbourne; Kira Clarke, University of Melbourne
Education experts discuss changes to schools and universities following the federal treasurer's budget speech.
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Featured jobs
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University of Melbourne — Parkville, Missouri
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RMIT University — Melbourne, Victoria
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Australian Catholic University — Melbourne, Victoria
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Curtin University — Perth, Western Australia
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Featured events
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55 Elizabeth Street, Sydney, New South Wales, 2000, Australia — University of Newcastle
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UTS Business School (Also known as Dr Chau Chak Wing Building), 14-28 Ultimo Rd, Level 8 Ultimo, NSW, 2007, Ultimo, New South Wales, 2007, Australia — University of Technology Sydney
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Darlington, Sydney, New South Wales, 2006, Australia — University of Sydney
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The Braggs lecture theatre, North Terrace Campus, Adelaide, South Australia, 5005, Australia — University of Adelaide
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