NATSEM Budget Analysis 2016 - An Enterprise Budget in Times of Mistrust

Download a copy of the Full NATSEM Analysis Report 


The 2016 Australian Budget has been launched at a time of significant uncertainty. The Australian economy is presently characterised by a modest growth rate of 2.5% (below the forecast level of the last budget), falling business and consumer confidence, a cooling housing market and an increasing budget deficit (estimated at $39 billion for 2015-16 according to the Budget Papers). In combination, this adds up to the emergence of worrying deflationary pressures and concern is rising over whether Australia’s AAA international credit rating could be at risk. Moreover, the prospects of these pressures easing over the year are unlikely given that global markets continue to be unnerved by the longer-term prospects of a British exit from the European Union and a Trump Presidency.

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 government, 74% exhibit a critical perspective, only 25% trust government ministers and satisfaction with democracy in Australia is now at its lowest level since 1996 (see: https://theconversation.com/nowfor-the-big-question-who-do-you-trust-to-run-the-country-58723)   While the Howard years provide evidence of a culture of contentment, 2007 to the present day has clearly been a period of profound citizen discontent with governments and politicians across the political spectrum.

In sum, these are capricious times for delivering a budget that will launch an election.

ALSO AVAILABLE:

 

A new, ongoing survey on how young Australians understand and imagine their democracy is already challenging long-h… https://t.co/v45KEASdaa

RT @policy_space: Signs of an Unsafe ACT Hospital System for Patients as well as Practitioners https://t.co/1fk8yF4FOc Part of our Canberra…

RT @DelDemUCan: Pacific feminists are leading the leave no-one behind agenda of the #SDGs by amplifying voices of women of diverse sexual o…

RT @Virginia_Hauss: My thanks to our partners @UNWomenAust & an outstanding panel of wise people from @unwomenasia With your stewardship a…

RT @UCschoPES: When will we know the UK election result and what does it mean for Brexit? A useful guide for those of us watching in Austra…

RT @DelDemUCan: Looking for a good overview of the systemic approach to deliberative democracy? CHECK OUT this article by @StephenElstub @M…

RT @UniCanberra: Congratulations to Barbara Walsh, winner of the VC’s Excellence Award for Educator of the Year. Barbara’s innovative appro…

RT @DelDemUCan: Our speaker tonight @ClaudiaChwalisz, @UniCanberra’s Distinguished International Visitor of 2019. She’s giving #Canberra an…

RT @DelDemUCan: We have a full house and lots of pastries in our final seminar of the year w @ClaudiaChwalisz. Special thanks to our friend…

RT @Virginia_Hauss: Fantastic turnout for this morning’s fundraiser for UC Cancer Recovery Research ⁦@UniCanberra⁩ ⁦@UCIGPA⁩ ⁦@UCBGL⁩ Thank…

Please enter your email to subscribe and receive updates:

Institute's Office

Building 23, Level B & Building 24
University Drive South
University of Canberra
ACT 2601
Phone: +61 2 6201 2074

NATSEM

Building 24
University Drive South
University of Canberra
ACT 2601
Phone: +61 2 6201 2780