Scott Morrison: Storm clouds gather Down Under

Australia's treasurer appears to be making progress on the budget deficit, but seems to lack a strategy for a return to surplus amid an unexpectedly flat economy.

Scott Morrison’s mid-year report card in December 2016 showed a better than expected budget deficit of A$37.1 billion $28.3 billion, suggesting the treasurer has made some headway in fixing Australia’s budget. 

Union-busting bills have delivered A$21 billion in savings and a new plan to establish a bond aggregator to encourage investment in affordable housing has garnered praise.

Still, there is no time to rest. His performance so far has earned him only 9th place out of 12 in our Finance Minister of the Year rankings, down from 8th last year.

The government thinks that in the next financial year the...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222