Freebairn Lecture 2017: Fiscal outcomes in a time of increasing political spin and unanticipated economic change

Free Public Lecture

Freebairn Lecture 2017: Fiscal outcomes in a time of increasing political spin and unanticipated economic change

Copland Theatre
The Spot

198 Berkeley Street

Booking not required

Further Details

T: (03) 8344 5381

fbe-lectures@unimelb.edu.au

Professor Bob Gregory will explore federal budget outcomes, primarily tax revenue shortfalls over the last decade and a half, to explain why tax revenue forecast errors are so large, why budget deficits have become so persistent and why the implicit tax policy of government is leading to an inexorable and significant rise in personal income tax rates. This discussion is linked to economic misjudgements of Treasurers and the unanticipated structural changes that are occurring in the Australian economy. The lecture will also contain asides on how Treasurers too often divert discussion away from major longer run budget issues and how political spin, focused on the short run, has made the development of good fiscal policy difficult and weakened governments’ ability to understand the tax implications of the large structural changes occurring in the Australian economy.

All Free Public Lectures