FISCAL POLICY – AUSTRALIA

Post-budget uncertainty takes toll on CFO confidence

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Original article by Shaun Drummond
The Australian Financial Review – Page: 19 : 16-Jul-14

Deloitte has released the findings of its quarterly survey of Australian CFOs. Some 62 per cent of respondents expect the Federal Government’s May 2014 Budget to adversely affect the economy. Meanwhile, 38 per cent said the Budget will negatively affect their company, although 40 per cent anticipate no impact. The survey for the June quarter also found that 70 per cent of CFOs forecast revenue growth in the next 12 months

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED

Budget sales job failing

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Original article by Philip Coorey, Jacob Greber
The Australian Financial Review – Page: 1-Aug : 1-Jul-14

Some $A25 billion of the spending cuts and revenue measures in the Australian Government’s May 2014 Budget are likely to be defeated. Treasury secretary Martin Parkinson said that detractors who invoke "vague notions" of unfairness to argue against reform effectively want Australia to enter a slow decline. Parkinson addressed the Crawford Australian Leadership Forum, as did Malcolm Turnbull, the Communications Minister. Turnbull said the nation is overly-dependent on income tax revenue. He implied that the Government has not been sufficiently convincing about the need for reform

CORPORATES
AUSTRALIA. NATIONAL COMMISSION OF AUDIT, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN NATIONAL UNIVERSITY. CRAWFORD SCHOOL OF ECONOMICS AND GOVERNMENT