Institute Warns of Geopolitical and Economic Risks to Federal Budget Balance
1 report, 1 independent
Updated Sun 00:00
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What happened
Research published by the e61 Institute warns of significant vulnerabilities in the federal budget balance. The analysis states that in the event of a geopolitical crisis, the budget could be impacted by the equivalent of 46 per cent of annual economic output. The study calls for a reassessment of how government and policymakers prepare for unexpected economic shocks.
From afr.com
Why it matters
The risks identified include geopolitical fallouts, domestic recessions, and bond market meltdowns, all of which constitute sizeable threats to the budget bottom line. The findings suggest that the current level of government preparedness may be inadequate against major economic shocks.
From afr.com
Who's involved
- instituteOrganizational body that conducted the risk analysis
- finance ministryGovernment ministry whose budget execution is fiscally impacted by the findings
- parliamentLegislative body that may need to review budget risks
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The entities involved
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institute
organizational body created for a certain purpose