The federal government has adopted a Keynesian-style stimulus policy with its new temporary instant asset write-off, moving cash flows for small businesses forward and recouping the revenue in later budgets.
Premier Colin Barnett will be looking for a new chief of staff now that Brian Pontifex has been appointed as Australia's next ambassador and permanent representative to the Organisation for Economic Co-operation and Development in Paris.
There are plenty of theories floating around today as to why the Australian Government has failed so badly at managing its finances but behind the politics is a simple fact; it has never understood that business creates wealth and jobs, not government.
Super pain, little gain for Labor – The Aus; Rio to sell struggling coalmines as prices dip – The Fin; Wave of hotel plans to change face of city – The West; Treasury unsure on mining tax outlook – The Fin; Hardship against grain for top cockie – The West
Tax shuffle will cause grief: employers – The Aus; Gillard to demand deeper integration with Asia – The Fin; Grim outlook for Caterpillar – The Aus; Norilsk in strife over power bill – The West; Gold Fields to cut jobs as costs bite – The West
Swan juggles to save slim surplus – The Aus; Monthly bills will cost real money – The Fin; Yara's Pilbara plant hit by breakdown – The West; HBF vows to limit increases – The West; Weak nickel price forces Panoramic to find savings
Relief for bosses on sacking laws – The Aus; Signs of a respite for Swan – The Aus; Iron miner rows with Chinese customer – The West; Asian paper dumps IR for education – The Fin; More foreign workers set for mines – The West