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SIGHTING SHOTS – A PRECARIOUS CONTEXT

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 (however unlikely) 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.

RT @BenLeruth: New publication: What roles should different actors (state, market, family, charity, community, employer) play in the provis…

RT @Global_Garden0: new paper in Bioscience https://t.co/8ktKYask8k on what lessons Europe's Natura 2000 approach can teach those advocatin…

Happy New Year, one and all!

Tony Wight’s Portrait of a dismal day in Parliament as trust in democracy melts https://t.co/XAbIiDgFyohttps://t.co/2fyP7e2Trq

Read opinion piece by John Warhurst "Trust deficit for the system and political parties" on great work coming from… https://t.co/NtPX5U5xdI

RT @DelDemUCan: For your weekend playlist: In the latest episode of our #BookDrop series, our PhD student @WendyConwayLamb talks to @hayley…

RT @DelDemUCan: Happening tomorrow at @UCIGPA @UniCanberra. All welcome! https://t.co/E4tRyUKgrW

RT @DelDemUCan: That’s a wrap for #DelibDem Seminar Series 2018! Thanks to all presenters esp to @hayley_stev for visiting us in @UniCanber…

RT @engage2govern: @MoAD_Canberra & @UCIGPA are working together on a new initiative, #Democracy2025, to rebuild trust & strengthen democra…

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