How federal budget has failed the G20

Fabrizio Carmignani, suit and tie, with Griffith signage in background.
Excluding Russia from the G20 Summit in Brisbane is not an option, says Griffith University's Professor Fabrizio Carmignani.

Professor of Economics, Fabrizio Carmignani, says a $7.5 billion cut to foreign aid proposed in Joe Hockey’s first federal budget is “a blatant moral failure for the country chairing the G20”.

He argues that G20 countries must not lose sight of inclusiveness in their pursuit of economic growth.

“And while this budget completely fails to deliver inclusiveness (and fairness, and equality, and solidarity), it also fails to promote growth (inclusive or not).”

Read Professor Carmignani’s full commentary on The Conversation here.