Category Archives: Uncategorized

Economics This Week

Even with the RBA’s decision to reduce the cash rate to a new historic low of 2% the Budget is what has dominated domestic economics this week. It’s been hard to keep up with all the last minute announcements, which oddly enough seem to have been spearheaded by Christopher Pyne’s new bestie the Social Services Minister Scott Morrison rather than Joe Hockey. I won’t try and give a succinct summary of what’s going on but instead direct you to a couple of links: one for all your minute by minute Budget coverage and another detailing for what’s known so far. Also, for all you budget devotees and structural reform enthusiasts out there I hope your budget night parties go well.