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2023 May 13 Archives - News Weekly

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Issue 2023 May 13

Articles in this issue:

  • Defence Review a Chance to Build a New Industrial Base
  • The Budget in the Coal Mine

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    The Budget in the Coal Mine

    Mystery Canberra CorrespondentMay 2, 20234 min read

    It is not without considerable irony that Australian Treasurer Jim Chalmers is boasting a Budget returning to surplus on the back of coal and iron-ore exports. There will be no “thank you” to the fossil-fuel mining industry in the May Budget, however. Everything good about the Budget will be down to Dr Chalmers’ superior management of the economy after years of supposed mismanagement…

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    Defence Review a Chance to Build a New Industrial Base

    Patrick J. ByrneMay 2, 20235 min read

    The recent review of the Reserve Bank will not solve Australia’s economic vulnerabilities, but the Report on the Defence Strategic Review does offer a chance to rebuild the nation’s industrial base. In 1996, the board of the Reserve Bank of Australia (RBA) went from having an advisory role on monetary policy to being a (somewhat) independent agency setting interest rates for managing inflation…

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