Cuts ‘will negate cost of ageing’
JOE Hockey is counting on cuts to pensions, schools and health outlays to neutralise the cost of an ageing population.
Intergenerational Report
Deficit may dwarf Rudd excess
THE budget deficit will rise to almost 6 per cent of GDP by 2054 if the government gives up on its budget savings.
Rising run of income taxes
WORKERS can forget personal income tax cuts for the next six years and look forward to relentless annual tax increases for the next 40 years.
Hockey turns to Sunny Joe
JOE Hockey has pumped some air into his tyres for his new sales job.
Tweaks, time frame test credulity
THE idea of producing scenarios sounds good, but the basis of these scenarios in the report is very curious.
Raising pension age to 70 ‘dreamland’
LABOR says the IGR is ‘hot air’, while the government is under fire on the retirement age and climate change.
Burden on workers to increase
AUSTRALIAN workers are facing relentless and damaging increases in personal income tax over the next 40 years.
Aged pensions numbers face cuts
THE federal government is aiming to cut the number of people of aged pension age receiving the pension.
Road ahead: bigger, older, broke
POPULATION will double and thousands will live past 100 by 2055, but we’ll be burdened with crippling debt, reports reveals.
Growth poses age-old question
AUSTRALIA’s population is projected to reach 39.7 million by 2055 with an explosion in people living beyond 100.
Surpluses depend on savings measures
JOE Hockey’s intergenerational report delivers 35 years of continuous budget surpluses beginning in 2019-20.
Shocked? No, but time to sober up
THE key fact of this milestone report is the ageing of the population and the growing gap between what we spend and what we make.
Health spending to double
FEDERAL government spending on health for each Australian is projected to increase from $2800 now to $6600 in 40 years.
Shorten’s lesson in leadership
THE Opposition Leader shouldn’t comment on Coalition instability.
Briefings sway senators on cuts
SENATE votes will be swayed by Joe Hockey’s new report on the nation’s future.
Migrant hike ‘will boost economy’
AUSTRALIA will need more than 250,000 new migrants a year to raise living standards and add $1.6tr to the economy, says a new analysis.
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Original URL: https://www.theaustralian.com.au/national-affairs/in-depth/intergenerational-report/page/2