Viewing articles in Portfolio:

Treasury & Finance

Filter Articles

BUDGET 2021: Budget a pre-election gift to Liberals' billionaire mates

Tonight’s Budget is a pre-election sweetener that fails to make billionaires and big corporations pay their fair share of tax, while growing inequality and fast-tracking climate collapse.

While on the surface the budget may appear to do away with the Liberals’ years of austerity politics, it continues the myth that largesse to the super-wealthy will trickle down to everyday people.

Read more

Greens launch debt-led economic recovery plan including a jobs and income guarantee and massive green investment

Young people will be guaranteed a job, secure income, and free education under a new Greens recovery plan to restart the economy and build ‘a better normal’ after the coronavirus economic shock.

The vision for a debt-financed recovery reaffirms the government’s role in responding to the crisis, and rejects the austerity approaches offered by the Liberal and Labor parties, charting a course for a government-led recovery that extends Australia’s world-class social services, instead of slashing funding for education, healthcare, and the environment.

Read more

Morrison’s MYEFO ignores climate and everyday Australians to chase short-term sham surplus

“Today’s Mid-year Economic Financial Outlook shows that the Coalition is totally out of touch with everyone in our community who is feeling under pressure. The Prime Minister hopes to buy the next election with a surplus built upon cuts to essential services and heroic assumptions about wages growth," Greens Co-Deputy Leader Senator Larissa Waters said.

Read more

Newman went against Qld Treasury by trying to prop up Adani

The Abbott Government must rule out propping up Galilee Basin coal mines with the $5 billion Northern Australia Infrastructure Facility, following revelations Queensland Treasury warned Adani's project was unviable before Campbell Newman announced public funding.  

Australian Greens Deputy Leader, Qld Senator Larissa Waters, said:

"Right to information documents show Treasury warned Adani's Galilee Basin project was "unlikely to stack up" financially and that Adani was "susceptible to cost shocks" and "not particularly transparent".

Read more

Treasury officials admit mining jobs claims are a furphy

Senior Treasury officials in Senate estimates this morning have exposed as myth the claims about the overwhelming benefits of the mining boom.

“With welcome frankness, Treasury officials have said they are ‘suspicious’ about the standard industry multiplier claim that one job in mining creates three flow-on jobs in other industries,” Australian Greens mining spokesperson Senator Larissa Waters said.

Dr David Gruen, Executive Director of the Macro Economic Group, stated;

Read more