The 2016 Australian Federal Budget has been launched at a time of significant uncertainty. The Australian economy is currently characterised by a modest growth rate of 2.5%, falling business and consumer confidence, a cooling housing market and an increasing government deficit. Against all of this, levels of trust in government and politicians in Australia are at the lowest level since 1993. Only 5% of Australians trust in government. These are capricious times for delivering a budget that will launch an election. Among many announcements this year, the Treasurer particularly focused on “fixing” the tax system and “jobs and growth”. NATSEM has independently modelled and analysed the impacts of some of the key measures in this booklet. How does the budget affect us?
|Place of Publication||Canberra|
|Publisher||University of Canberra|
|Number of pages||4|
|Publication status||Published - 2016|