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Simon Knight

FactCheck: what are the facts on jobs and growth in Australia? - 0 views

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    Christopher Pyne has overstated how well Australia is performing on jobs and growth compared to other major economies. IMF estimates for 2016 on GDP growth had put Australia ahead of the G7 countries. But the latest available data - which are actual figures as of the third quarter of 2016, not estimates - show that Australia's cumulative growth in 2016 so far is at the level of the G7 and not higher. So Australia is performing in line with the G7 and slightly worse than the OECD average.
Simon Knight

Methodology: finding the numbers on Australia's foreign aid spending over time - 0 views

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    As the author of this FactCheck, I was asked to review the facts on Australia's foreign aid spending from the Menzies era to 2016-17. Sir Robert Menzies was prime minister from 1949 to 1966, which is the Menzies era for present purposes. (Menzies also served as prime minister from 1939 to 1941.) I examined the evidence for and against this statement: Aid was at its highest under Menzies, at 0.5% … when per capita income was much lower. - World Vision Australia Chief Advocate Tim Costello, quoted in The Sydney Morning Herald, December 28, 2016. I found the statement to be incorrect, strictly interpreted, though Costello's broader point is valid. The ratio of Australia's aid to its gross national income has never exceeded 0.48%, and that level was achieved slightly after the conclusion of the Menzies era, in the financial year 1967-68. Below, I explain how I arrived at this conclusion, providing more detail than could be accommodated in the FactCheck itself.
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