PwC's CFO Leadership Forum: Federal Budget - Is it crunch time?

Sinclair Davidson

Economics, Finance and Marketing 2

Budget Crisis?

RMIT University © 2014

Economics, Finance and Marketing 3

Budget Crisis?

RMIT University © 2014

Economics, Finance and Marketing 4

Debt Crisis?

RMIT University © 2014

Economics, Finance and Marketing 5

Thoughts

• Routine budget management.

– Tightening access to welfare.

• Structural Repair.

– New sources of revenue.

– Fiscal federalism.

– Reducing spending/liabilities.

• Fiscal constitution.

– Preventing future debt and deficit crises.

• Social engineering.

– Policies that have little budgetary impact.

– Universities, $7 co-payment, Medical Research Future Fund.

RMIT University © 2014