Fact or fiction: a 40-year budget deficit burden?
29 June 2021
This Intergenerational Report (IGR) released by the
Federal government (https://treasury.gov.au/intergenerational-report) is a classic economic work that either
sends people asleep or turns them into a Homer Simpson, who simply would look
at it and say: “Boring.”
Potentially it’s a chance for younger generations
to complain about older ones, which is an issue I’ll get back to after summing
up this work produced by the number crunchers in Treasury.
In a nutshell, it looks at what we’re doing right
and wrong today that will have an impact on generations in the future.
Budget banking on workers prompts demands for tax reform
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Australia s prosperity depends on elusive reforms
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
The federal budget, to be delivered by Frydenberg on Tuesday, will include core assumptions for coronavirus vaccinations and infections to aim for the opening of the international border in 2022, several months after the forecast in the budget seven months ago. “The borders will reopen when it’s safe to do so, and when they do, net overseas migration will increase, including skilled workers,” Frydenberg told
The Sydney Morning Herald and
The Age. “And those skilled workers play a very important role across the economy, but we’re not going to compromise public safety, or indeed the economic recovery, by moving ahead of the medical advice.”
âAnd those skilled workers play a very important role across the economy, but weâre not going to compromise public safety, or indeed the economic recovery, by moving ahead of the medical advice.â
Prime Minister Scott Morrison rejected the idea of a âfortress Australiaâ in comments on Sunday to correct media reports saying he wanted the border to stay closed in order to eliminate COVID-19.
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âAustraliaâs COVID suppression strategy has not changed to an âeliminationâ strategy nor is âzero casesâ our goal as reported,â he said on Facebook. âThere will always be cases as we return Australians home from overseas. International borders will only open when it is safe to do so.â