The Trade and Assistance review 2014-15 contains the commission's latest quantitative estimates of Australian Government assistance to industry. This year's review also explores how the size and nature of the assistance estimates might be influenced by recent developments such as the Agricultural Competitiveness White Paper, the Defence Industry Statement and submarine procurement, programs to increase...

This paper analyses the efficiency of the Australian tax system using CGETAX, a large-scale, long-run CGE model designed for tax policy analysis. This follows an analysis with CGETAX of an Australian Government proposal to reduce the corporate tax rate from 30 to 25 per cent in Murphy (2016a) and Murphy(2016b) and an Australian Treasury Working...

The Coalition is investing in jobs and growth through our comprehensive plan for an advanced defence industry. We are increasing defence funding over the next ten years and will deliver on our 2013 election commitment to return defence spending to two per cent of GDP within the decade. Only the Coalition can be trusted to...

The 2016-17 Budget comes at a challenging time for public policy. Economic growth remains sluggish as the economy transitions away from the mining boom. Governments face fiscal pressures both from this economic adjustment and from the ageing population. At the same time, core Government services and payments are not meeting the community’s needs. Our health...

Labor will give the independent Parliamentary Budget Office ('PBO') an enhanced role in Australia’s macroeconomic reporting to promote stronger fiscal discipline and enhance transparency around Commonwealth Budgets. Under Labor, an enhanced Parliamentary Budget Office will: prepare the macroeconomic forecasts that underpin all key Budget statements and updates; prepare and publish the Intergenerational Report every five...