In this part on the budget 2016 series we have a look at the federal revenue: Fig 32: Time series of federal tax revenue Income tax was growing strongly at 6% pa…
Tag: Budget 2016
Australian budget 2016 underestimates role of oil (part 2)
In part 1 we found that Treasury did not really explain why global growth is slower than expected given the oil price drop. We looked at some parameters like employment, incomes, investments,…
Australian budget 2016 underestimates role of oil part 1
Let’s see how the Budget 2016 deals with oil. http://www.budget.gov.au/2016-17/content/ The most important statement on oil in budget paper 1is summarised in the chapter “Economic Outlook” Box 5 Lower oil prices to…