Slugcatcher and the question of over-promising and under-delivering

IT IS never good policy to spend what you haven't got, a lesson Slugcatcher hopes the Australian government has learned over the past two years. It is a lesson another government, Israel, is about to learn – as are two companies, Woodside Petroleum and Buru Energy.

In Australia's case the issue was pre-spending revenue it expected to receive from its taxes on mining and carbon emissions. This is revenue that has fallen a country mile short of forecasts.


Most read Region