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Peter Martin

Peter Martin is the Economics Editor for The Age.

ANALYSIS

Incredible but it might be true. More than 100,000 new jobs

Peter Martin dinkus Dinkus

Peter Martin Abbott promised 1 million new jobs in five years. At this rate he'll have them in seven months.

Comments 155

Not so super: Labor's dumb idea

Ageing, population, retirement, pension, superannuation, lifestyle, work, relationship.

Peter Martin Lifting compulsory super contributions to 12 per cent was perhaps the dumbest idea Labor had.

Hockey has the right instincts, but has a long way to go to fix the economy

Joe Hockey

Peter Martin So confident was the Coalition that it could fire up the economy on winning office that it believed the mere act of getting elected would do much of the work.

COMMENT

Where's the plan for GDP growth?

Peter Martin dinkus

Peter Martin A "beautiful set of numbers" were the words used by former treasurer Paul Keating to describe the December 1989 national accounts. A few months later the economy slid into recession.

Comments 79

Low-income earners hit hardest by Abbott super changes

super superannuation funds investment invest

Peter Martin, Gareth Hutchens Low income earners will be hit the hardest by changes to superannuation pushed through parliament this week after an agreement between Clive Palmer and the Abbott government, a new analysis shows.

Comments 72

Superannuation: The Coalition helps the workers

Peter Martin

Peter Martin We've dodged a bullet. Had compulsory super contributions climbed as legislated Australian workers would have lost 0.5 per cent of wages from their next increase, 0.

Comments 240

Hockey wants to decide super contribution rates himself

Treasurer Joe Hockey wants the power to determine superannuation contributions.

Peter Martin Treasurer Joe Hockey wants to take upon himself the power to set superannuation contributions, introducing a bill that would give him control over the rate rather than Parliament.

A dollar to light up: smokers brace for another jump in tobacco excise

The increase means the price of cigarettes for casual smokers will approach $1 a stick.

Peter Martin Cigarette taxes will jump by a hefty 13.7 per cent on Monday, the second of four outsized increases in as many years.

Comments 257

COMMENT

Success. The Renewable Energy Target's greatest failing

Peter Martin dinkus Dinkus

Peter Martin Here's the good news. The Renewable Energy Target has been a success. Here's the bad news. It's been so successful the panel wants to wind it back.

Comments 119

NBN cost benefit analysis finds there's such a thing as too much speed

Peter Martin dinkus Dinkus

Peter Martin Cost benefit review finds Labor's NBN expensive, late and and over engineered.

Cost benefit analysis shows Turnbull plan has $16b advantage

Malcolm Turnbull

Matthew Knott, Peter Martin Abbott government's pared-back broadband plan is three times more cost effective than Labor's ambitious scheme and would leave Australians $16 billion better off, according to the first independent...

Comments 401

COMMENT

Attack tax expenditures. It's where the money is

Peter Martin dinkus

Peter Martin Mathias Cormann is two-thirds right, but there's an alternative to cutting spending and boosting taxes.

Comments 196

Treasury secretary Martin Parkinson says reform is harder now than in Bob Hawke's era

Dr Martin Parkinson, Secretary of the Department of Treasury.

Peter Martin The head of the Treasury likes to tell a story about redheads. Or he used to, until he found himself telling it to Julia Gillard.

Comments 61

Budget office says health not a long-term spending issue

Community expectations put pressure on governments: Prime Minister Tony Abbott with the Federal Member for Mayo, Jamie Briggs.

Peter Martin, James Massola The independent Parliamentary Budget Office has called into question claims health spending is spiralling out of control, noting government spending is projected to grow in line with the economy over...

Budget could have been sold better: Treasury secretary Martin Parkinson

Martin Parkinson

Peter Martin Australians are in for much larger tax bills and slower income growth, and with hindsight the budget has been sold wrongly, the head of the Treasury has told a gathering of Canberra economists.

Comments 506

Very low wage rises send many workers backward

DOLLAR.

Peter Martin Wages rises have been so low over the past year that most workers have gone backwards.

Comments 163

Sorry, Treasurer, but your tax figures are a long way wide of the mark

Peter Martin dinkus

Peter Martin The Treasurer has made a big mistake. ''Higher-income households pay half their income in tax,'' Joe Hockey told Channel Nine this week while defending his budget.

Comments 177

Comment

Less accusation and more information required

Peter Martin Malevolent? The Treasurer says Fairfax Media's reporting of the budget has been sometimes 'quite malevolent'.

Joe Hockey needs to put his cards somewhere - the table's gone missing

Peter Martin Malevolent? Treasurer Joe Hockey says Fairfax Media's reporting of the budget has been sometimes ''quite malevolent''.

Comments 162

Budget cuts hit lowest-income earners hardest, says Treasury

Hockey criticises 'malevolent' reporting (Thumbnail)

Tom Allard and Peter Martin Treasury analysis obtained by Fairfax Media confirms the critics - poor families are hit harder than rich ones.

Comments 263