
Budget Review 2009–10
May 2009
PDF version
Index
Introduction
The second Rudd Government Budget, handed down on 12 May 2009,
was framed amid a sharply deteriorating world economy and the first
serious downturn in Australian economic activity since the early
1990s. This challenging global economic environment is creating
anxiety among government policy makers around the globe as the
appropriateness of the various policy responses are being openly
debated in parliaments and through the media.
To assist parliamentarians in these demanding times, the
Parliamentary Library is once again producing a Budget
Review that examines the key features of a selection of
crucial measures contained in the Budget. The first article,
Budget 2009–10: Key features, provides a
macroeconomic analysis and commentary of the Budget including the
assumptions underpinning the Government’s fiscal policy and
the main spending and taxing features contained in the Budget. The
remaining articles examine the impact of Budget measures on a broad
range of specific issues and initiatives.
The Budget Review 2009–10 has necessarily been
prepared under time pressure with a view to making it available to
parliamentarians as soon as possible. While great care has been
taken to ensure that these articles are accurate and balanced, they
are written using information publicly available at the time of
production. It is not the intention of these documents to make
value judgements about the relative importance of different
measures or to provide a comprehensive overall assessment of the
Budget.
Parliamentarians are invited to raise points requiring
amplification or clarification directly with the research
specialist concerned and any general comments on papers are also
welcome. Any other feedback should be forwarded to me. Clients are
also reminded that in addition to the Budget Review the Library
publishes the Opinion and analysis of the Budget in the
media page on our website.

Roxanne Missingham
Parliamentary Librarian
May 2009