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Independent News For The Australian Public Service
Edition Number 412. Updated Tuesday, 03 June 2014

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Crunching the Budget numbers

 

Rick Mader, Scott Watson and Kate Neser. Rick Mader, Scott Watson and Kate Neser.
Mike Zissler, of the Australian Institute of Management, and Zoe Piper, from the Australian<br />
 Chamber of Commerce and Industry. Mike Zissler, of the Australian Institute of
Management, and Zoe Piper, from the Australian
Chamber of Commerce and Industry.

Amongst the hard-sell flurry of post-Budget performances by the Government, the annual IPAA ACT/AIM Post Budget Economic Briefing in Canberra brought a measured perspective to the debate.

Executive Director, Fiscal Group, at the Department of the Treasury, Nigel Ray and Chief Economist at BT Financial Group, Dr Chris Caton were well armed with graphs, PowerPoint presentations and the accompanying lingo that had many of the breakfast attendees at the National Gallery of Australia's Gandel Hall hastily taking notes and asking intelligent questions.

The intelligent answers were more telling, with Dr Chris looking to get the $7 co-payment from each of the attendees as they left the building in return for his sage advice that our debt is small and there's no fiscal crisis, the levy at the top end is inequitable and the chopping of the foreign aid budget is shameful.

He's surprised by the focus on pensions and we're the only country with an income test as well as being the fourth lowest spender of 34 OECD countries.

Excise: get over it! The GST will rise and the Feds will blame the States.

And he's mortified that his foray into the "twittersphere" after leaving the PS for the private sector gained a mere 62 followers between May and September last year.

He'll get over that.

Peter Van de Maele and Gordon McDonald, from the Australian Taxation Office (ATO).
Peter Van de Maele and Gordon McDonald,
from the Australian Taxation Office (ATO).
Brad Grey, Kathleen de Kleuver and Frank Curcio, from the ATO.
Brad Grey, Kathleen de Kleuver and Frank Curcio,
from the ATO.
Paula Williams, Geeta Dcruz, Janet Duong and Angela Anthony, from Immigration.
Paula Williams, Geeta Dcruz, Janet Duong and
Angela Anthony, from Immigration.
Deputy Secretary of the Department of Environment, Kimberly Dripps.
Deputy Secretary of the Department of Environment,
Kimberly Dripps.
Nigel Ray, of Treasury, and Dr Chris Caton, from BT Financial Group.
Nigel Ray, of Treasury, and Dr Chris Caton, from BT Financial Group.
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Past articles:   Edition 418   |   Edition 417   |   Edition 416   |   Edition 415   |   Edition 414   –   Top

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