Sun, December 1, 2024

[ Sun, Dec 01st 2024 ]: Brian Stokes

Labor has wasted its budgetary luck, and now it's running out

[ Sun, Dec 01st 2024 ]: Brian Stokes

Claims of double-charging and excessive rent in NSW child protection system

[ Sun, Dec 01st 2024 ]: Brian Stokes

Emergency workers to get access to mortgage scheme

[ Sun, Dec 01st 2024 ]: Brian Stokes

Taiwan's President Lai in Hawaii after declaring Taiwan a force for global peace

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump's war on federal bureaucracy could trigger Supreme Court battle

[ Sun, Dec 01st 2024 ]: Brian Stokes

GOP Sen. Hagerty on Kash Patel Leading FBI: 'I Look Forward to Him Taking It Apart'

[ Sun, Dec 01st 2024 ]: Brian Stokes

Is Trump really planning to revive Keystone XL? And is there even life left in that pipeline plan?

[ Sun, Dec 01st 2024 ]: Brian Stokes

Ireland dodges bullet as Dublin voters narrowly reject gangland boss

[ Sun, Dec 01st 2024 ]: Brian Stokes

Republican Strategist Calls Donald Trump's Bluff on Tariffs

[ Sun, Dec 01st 2024 ]: Brian Stokes

House: Government to drill down on drivers of emigration

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump's Next Term Could See America's First True .. ligarchs, Warns Democracy Activist Garry Kasparov

[ Sun, Dec 01st 2024 ]: Brian Stokes

Iran throws its support behind Assad as rebels expand their shock offensive in Syria

[ Sun, Dec 01st 2024 ]: Brian Stokes

Migori politician opines Ruto-Raila dalliance will impact 2027 voter turnout in Mt Kenya region

[ Sun, Dec 01st 2024 ]: Brian Stokes

William Ruto calls for end of church-state feud a .. pledges support to Kajiado chapel: "Tushirikaine"

[ Sun, Dec 01st 2024 ]: Brian Stokes

Factbox-Trump's picks for his cabinet and other top posts

[ Sun, Dec 01st 2024 ]: Brian Stokes

Social democrats gain and incumbents are punished in Iceland's election

[ Sun, Dec 01st 2024 ]: Brian Stokes

This week in politics: Absentee ballot counting lawsuit could be reheard by appeals court

[ Sun, Dec 01st 2024 ]: Brian Stokes

Solutions: Harris promised 3 million new homes. States might actually make it happen

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump and his GOP friends focus on tax breaks and deportations in his first 100 days

[ Sun, Dec 01st 2024 ]: Brian Stokes

2025 will start with a 3.5% pay raise for Pennsylvania's governor, lawmakers and judges

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump Will Overplay His Hand. Here's How to Be Ready.

[ Sun, Dec 01st 2024 ]: Brian Stokes

Behind the Curtain: Trump's shock and awe

[ Sun, Dec 01st 2024 ]: Brian Stokes

'I had a baby in jail - here's the truth about Lauren's Coronation Street storyline'

[ Sun, Dec 01st 2024 ]: Brian Stokes

Chandrababu Naidu Government Dissolves Waqf Board For 'Better' Governance

[ Sun, Dec 01st 2024 ]: Brian Stokes

Starmer not a hypocrite for giving Haigh Cabinet role, minister says

[ Sun, Dec 01st 2024 ]: Brian Stokes

Navy putting first shipborne hypersonic weapon on vessel once seen as 'costly blunder'

[ Sun, Dec 01st 2024 ]: Brian Stokes

Homelessness has increased in Forsyth County since COVID-19 swept through Triad, advocates say

[ Sun, Dec 01st 2024 ]: Brian Stokes

As his power grows, D.C. wonders: How do you lobby a man like Elon Musk?

[ Sun, Dec 01st 2024 ]: Brian Stokes

Philly prepares for mass deportations | Morning Newsletter

[ Sun, Dec 01st 2024 ]: Brian Stokes

How to Survive the Next 4 Years: A Guide for Anti-Trumpists

[ Sun, Dec 01st 2024 ]: Brian Stokes

Hasnat Abdullah thanks BNP for 'bold and loud stance' on India

[ Sun, Dec 01st 2024 ]: Brian Stokes

Migration cap not an option despite record numbers, admits Government

[ Sun, Dec 01st 2024 ]: Brian Stokes

Real World Economics: Fed is insulated from political interference

[ Sun, Dec 01st 2024 ]: Brian Stokes

'Vivek, Jay and now Kash': Former spiritual advis .. ds Indian-origin nominations to US administration

[ Sun, Dec 01st 2024 ]: Brian Stokes

Debate evoked my mother's end of life: Would we have had assisted dying conversation?

[ Sun, Dec 01st 2024 ]: Brian Stokes

How to take advantage of Medicare's expanded drug benefit in 2025

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trudeau promises border helicopters at 'very productive' Trump meeting: source

[ Sun, Dec 01st 2024 ]: Brian Stokes

Displaced Nepali-speaking Bhutanese fume over 'mindfulness city' plan

[ Sun, Dec 01st 2024 ]: Brian Stokes

Elon Musk, Vivek Ramaswamy to meet with House Republicans next week to discuss DOGE

[ Sun, Dec 01st 2024 ]: Brian Stokes

Election 2024: The latest results in maps and charts

[ Sun, Dec 01st 2024 ]: Brian Stokes

Kash Patel's prescription for an ailing FBI: accountability and house cleaning

[ Sun, Dec 01st 2024 ]: Brian Stokes

How Trump's Tax Cuts Might Impact Medicaid and Food Stamps in 2025

[ Sun, Dec 01st 2024 ]: Brian Stokes

B'desh genocide: I don't find any difference betw .. ladesh, says Mehbooba Mufti, BJP calls it treason

[ Sun, Dec 01st 2024 ]: Brian Stokes

Bilawal makes pitch for political stability

[ Sun, Dec 01st 2024 ]: Brian Stokes

Irish elections: Political parties plot path to government

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump discussed border, trade with Canada's Trudeau after pledging steep tariffs

[ Sun, Dec 01st 2024 ]: Brian Stokes

Republicans eye tax breaks, border funds and clean energy cuts when Trump returns

[ Sun, Dec 01st 2024 ]: Brian Stokes

Trump and allies blur the lines between politician and influencer

Labor has wasted its budgetary luck, and now it's running out

The luckiest government Australia has seen did not take the opportunity to get the national budget better prepared for the long haul.
The article from the Australian Financial Review discusses the Australian Labor government's handling of the federal budget, highlighting a perceived squandering of economic advantages inherited from the previous administration. It critiques the government's fiscal strategy, pointing out that despite inheriting a strong economic position with low unemployment, high commodity prices, and a robust budget surplus, Labor has not capitalized on these conditions. Instead, the article argues, the government has increased spending, particularly on programs like the National Reconstruction Fund and the Housing Australia Future Fund, which are seen as inefficient or misaligned with economic priorities. The piece suggests that this has led to a deterioration in the budget's structural position, with rising debt and deficits projected into the future. It also mentions the government's failure to address productivity issues, the lack of significant tax reform, and the potential for future economic challenges due to these policy choices. The author implies that the government's luck in terms of economic conditions is running out, and without a change in strategy, Australia could face economic difficulties.

Read the Full The Australian Financial Review Article at:
[ https://www.afr.com/politics/federal/labor-has-wasted-its-budgetary-luck-and-now-it-s-running-out-20241120-p5ks2k ]