May 12, 2010
Forecasts for 2010/11
Projection2011/12
Projections2012/13
Projections2013/14
GDP Growth
3.25%
4%
3%
3%
Inflation
2.5%
2.5%
2.5%
2.5%
Unemployment Rate
5%
4.75%
5%
5%
Forecast Deficit/Surplus
$40.8B
$13B
$1B surplus
$5.4B surplus
Net Debt
$160B (11.4% of GDP)
Business Investment
7.5%
4%
Household Consumption
3.5%
4%
The Federal Government resources super profits tax is expected to contribute $12B over 4 years.
The Federal Treasurer, Mr Wayne Swan, presented the Rudd Government’s budget on 11th May 2010. The Treasurer indicated the budget was a “no frills budget” and it was. [...]
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May 10, 2010
With the Budget just days away, I’ve stayed away from reporting on the Government’s response to the Henry Review…. let’s face it, it wasn’t much of a response (especially after the hype). These proposals are widely reported elsewhere which is why I have held off for now and thought I would include the response with Budget announcements.
However, [...]
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