If you need a reliable, accurate, thought provoking and informed economic forecasting at both local and international levels, look no further. Informed by Stephen's exceptionally broad experience and background, his
It is about as credible as believing the earth is flat, but there remains a common perception that the Labor Party is high taxing, while the Coalition is low taxing.
Mr Hockey’s budget last week smashed once and for all this perception with the simple fact that his own budget documents show how much Coalition governments rely high tax to pay for their pet projects.
As a share of GDP, Mr Hockeys budget documents show that the level of tax to GDP takes the following profile:
It is week 4 of the quiz to win a copy of my book, Myth Busting Economics.
The first three quizzes have gone well. Two of the winners have been HSC economics students which is hugely impressive about their thought processes and teachers.
Here is this week’s question.
According to the 2015-16 budget papers, what is the amount of government revenue (called receipts in Budget Statement number 10) Treasurer Joe Hockey is forecasting to collect in 2015-16? Answer to the nearest $million – ie $354,305 million.
Tie breaker 1:
In the budget papers, what is the economic forecast for real GDP growth in 2015-16?
Tie breaker 2:
What is the date of the next RBA Board meeting?
Tie breaker 3:
What will be the yield on the Australian 10 year government bond at close of business, Friday 22 May 2015. Note the current yield is 2.89 per cent.
So there it is. Get your entries in by the Wednesday deadline. All the best.