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.
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.
ANDREW ‘Twiggy’ Forrest has executed an extraordinary success with Fortescue — the number three in the Australian iron ore business behind Rio Tinto and BHP Billiton.
LET’S strip away all the fine rhetoric and outright bombast — the meetings in Paris and in Sydney last week had just one target and exactly the same target: your money, writes TERRY McCRANN.
THERE is one clear-cut and undeniable multibillion-dollar winner out of what is now effectively a done deal — it is CityLink owner and operator Transurban, writes Terry McCrann.
NATIONAL Australia Bank’s road to a growth future starts by first getting smaller. Transurban’s road to its future is the exact opposite; it’s quite literally built on building more and bigger, well, roads.
ZERO in on one figure – $646 million. That’s what you can think of as Qantas’s “real” loss. Keep losing that every year and Qantas would go broke.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/157