Why we won’t see a budget surplus again
Even in a perfect world Treasury is still tipping a budget deficit of at least $40bn in a decade’s time.
Even in a perfect world Treasury is still tipping a budget deficit of at least $40bn in a decade’s time.
A sharp drop on Wall St should be a timely reminder to Australia that everything we do or try to do is ultimately hostage to the actions of three men who live far from our shores.
The only thing that can be said with absolute certainty about the federal budget is that every figure in it will be wrong. So why should we trust the numbers?
In simple terms $104bn has dropped miraculously from a bright blue fiscal sky into Treasurer Josh Frydenberg’s lap – and he’s promptly gone out and spent $96bn of it.
Two weeks ago Treasurer Scott Morrison personally rejected the bids from China and what might be called China-lite — Hong Kong — to buy control of the New South Wales power network, writes Terry McCrann.
LITTLE more than a year ago Andrew “Twiggy” Forrest stood shakily on the threshold of joining two fellow billionaires in being “de-billionairised”, writes Terry McCrann.
THE Prime Minister’s bank probe plan is a combination of utter uselessness and dangerous offensiveness that only Malcolm Turnbull could possibly conceive, says Terry McCrann.
THE worst thing about Labor’s attack on negative gearing is not what it might or might not do to property prices, but the way it would seriously hurt the battler property investors, writes Terry McCrann.
WE have the Government campaigning on a company tax cut policy that has no hope of being implemented if it wins, writes Terry McCrann.
POLITICIANS’ travel and negative gearing deal is a rort that should have eneded years ago, writes Terry McCrann. So end it now.
A FUNNY thing happened on the way to the election. Everything and nothing, writes Terry McCrann.
IT’S going to be a long eight weeks of ever-escalating and ever-expanding spin and counter-spin, so let’s get the facts right on what the two sides are promising to do to superannuation, writes Terry McCrann.
TREASURER Scott Morrison has delivered the first “reality” Budget we’ve seen in years, but there is one big blind spot, writes Terry McCrann.
FROM fast trains to higher taxes, it was a week of bitter irony after bitter irony, says Terry McCrann.
Original URL: https://www.ntnews.com.au/business/terry-mccrann/page/157