Budget Pressures

It’s been a very tough few months for our Federal and State Governments since they handed down their budgets. Both locally and federally, the falling price of iron has had a major impact on revenue.

As the Barnett Government runs up debt of more than $10 billion a year, Standard & Poor’s has indicated that WA’s credit rating is unlikely to be restored after its ‘average budget performance.’

For the Abbott Government, the Senate is refusing to pass budget measures. There are also bigger, long-term challenges which are predicted to make the national deficit $15 billion by 2017-18. That figure doesn’t include the costs of the National Disability Insurance Scheme, increased spending on health and defence and Paid Parental Leave.

So what tougher decisions could and should our state and federal leaders be making to bring their budgets back under control?

At our final Perth in Focus luncheon for the year, John Daley, Chief Executive Officer of the Grattan Institute will present the findings of the research 'Budget Pressures 2014.' John will explore the issue of whether the State and Commonwealth governments are properly managing their finances.

The event will examine two key themes:

  • What can Governments do to get their budgets under control?
  • What are the challenges and opportunities for Perth, given the State’s AAA credit rating is unlikely to be restored in the near future.

Meet our speakers and panellists

John Daley Image
John Daley

Chief Executive of Grattan Institute

John Daley is the inaugural Chief Executive of Grattan Institute, which provides independent, rigorous and practical solutions to Australia’s most pressing public policy issues. The current programs of Grattan Institute focus on productivity growth, cities, school education, tertiary education, energy and health.

John’s work at Grattan Institute has focused on economic and budgetary reform. He is particularly interested in government prioritisation. His other interests include analysing the situations in which government intervention is justified, and the limits to government.

He has 25 years’ experience spanning policy, academic, government and corporate roles. He has worked for the Victorian Department of Premier and Cabinet, McKinsey and Co, and ANZ where he was Managing Director of the online stockbroker, E*TRADE Australia.

John completed an LLB (Hons) and a BSc at the University of Melbourne in 1989, and a doctorate in public law at the University of Oxford in 1999.

Acknowledgement of Country

The Committee For Perth acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.