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Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
Managing rapid population growth while ensuring the financial sustainability of local government in New South Wales is a significant challenge. In an ideal world, this would be achievable through comprehensive strategic planning, substantial infrastructure investment, diversification of revenue sources, efficient asset management and innovative cost-efficiency measures. However, the reality for councils overseeing release areas is far from simple, writes Blacktown CEO Kerry Robinson.
Read more Opinion article October 26, 2021Western Australia’s economy has reaped rewards from the skills and capabilities built upon the resources sector. Now is the time to leverage these advantages into new sectors and markets, writes CEDA Chief Economist Jarrod Ball and Senior Economist Cassandra Winzar.
Read more Opinion article May 14, 2015