China boom mark II = last call for fiscal discipline

Commonwealth and State Government 2011-12 Budget bulletin

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PDFChina boom mark II = last call for fiscal discipline

02 May 2011Unless Australian governments act now to address their budget deficits and prepare for leaner and more volatile times, they are failing in their duty of care according to this paper.

The Australian economy and Australian government budgets circa 2011 are tied to an asset price boom of international origin which will inevitably collapse and expose Australian governments to significant budget challenges just as the economy is softening. Australia's record terms of trade underpins both the Gillard Government’s hopes of returning to surplus over the next year and the budget aspirations of most State governments across the nation.

Publication typeDiscussion paper
Publisher TypeCommercial research company
CoverageAustralia
Permanent URLhttp://apo.org.au/node/24673
Views1694

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