budget

US public debt is likely to reach a record share of GDP as tariff revenue and economic growth are unlikely to pay for Trump policies.

The new state government is forecasting a substantially worse budget outlook, with a massive increase in public debt.

Another surplus but not for long

Budget positions across the US, euro area and Australia are widely dispersed despite unemployment still near its lowest level in decades.

The US budget is still deep in the red this far into the economic recovery.

This week’s charts revisit the evolution of Fed funds futures as the US central bank heads into a potentially pivotal meeting

After posting very large deficits during the pandemic, Victoria's budget has turned around and continues to rapidly improve, with the state government reducing its...

We have now received the big five state budgets and can assess proposed debt issuance relative to what they projected for this coming FY23. The short story is the...

Last night NSW released its budget data for the month of April, which reaffirmed that the state's general government cash deficit for 2021-22 (FY22) will end up...

WA has downgraded its debt issuance in 2022-23 (ie, FY23) by a large $1.3bn (or 20%) from its September 2021 budget estimate of $6.4bn and by $0.6bn from its...

While media reporting on Victoria's budget has been confusing, it has surprised the market, investors and analysts with material downward revisions to the size of...

The NSW budget remained close to balance in March and is likely to undershoot the full-year government forecast for 2021-22 (FY2022) by between $7.5 billion and $10...

A new report projects that the deficits across the key States will be up to $11 billion smaller in FY22 and up to $18 billion smaller in FY23. Coolabah Capital's...

In preparing for the very real prospect of a fully-fledged Indo-Pacific War between China and the West, Australia faces an enormous paradox, writes Christopher Joye...

In the AFR I write that unable to control Australia after decades of unprecedented espionage and propaganda, and having had scant success forcing us to bend the knee...

The main aim of the 2022-23 budget is to boost the government’s chance of re-election, where the prime minister is widely expected to call an election by this weekend...

Our research indicates that issuance of state government debt is likely to be between $8bn and $16bn lower than the market expects in FY2023 (or 2022-23 in budget...

The NSW budget shrugged off omicron, almost returning to balance in January in trend terms. The deficit is likely to beat the government's full-year forecast by about...

In the AFR I write that NSW premier Dominic Perrottet and new Treasurer Matt Kean have presided over one of the most extraordinary budget turnarounds in the history of...

With last year showing the importance of government support in limiting the economic fall-out from the pandemic and contributing to economic recovery, the NSW...