Budget Review 2010-11


Budget Review 2010–11

May 2010

PDF version [1.09MB]

Index

Introduction Social policy

Budget overview

  Budget overview
  Budget 2010–11: key features

Arts and media

Climate change, energy and the environment

  Arts and media
  Climate change and energy

Early childhood education and child care

  Environment and natural resource management   Child Care Rebate
  Water

Education and skills development

Defence   Overview
  Introduction   Skills development and vocational education and training
  Defence workforce Health
  F-111 Deseal/Reseal maintenance workers: further support   Overview
  Major capital facilities projects   Aged care
  Major capital equipment projects   E-health
  Operations funding and enhanced force protection in Afghanistan   Hospitals
  Strategic Reform Program   Pharmaceuticals and pharmacy
Federal-state relations   Primary care and prevention

 

Standard business reporting   Sport
Foreign affairs   Tobacco excise increase

 

Department of Foreign Affairs and Trade   Workforce
  Official development assistance Immigration
Infrastructure   Migration and humanitarian programs

 

Broadband and telecommunications   Border protection and detention
  Transport safety 

Indigenous affairs

Legal issues and the Attorney-General’s portfolio   Indigenous affairs
  Australian Law Reform Commission—funding Veterans

 

Australian human rights framework   British nuclear test participants in Australia
  Legal aid   Submarine special operations to be accredited as warlike service

Public Sector

Welfare

  Australian Public Service   Disability Support Pension
Rural affairs

 

Income management
  Drought measures  

Job Capacity Assessments

  Biosecurity funding

 

 

Science  

 

Science budget and nuclear issues    

Security

   

 

Australian Security Intelligence Organisation (ASIO) and related intelligence issues     
  Border security—passenger and air cargo security    
Superannuation    
  Superannuation    

Taxation

   

 

Company tax reduction: a head start for small business    
  Fuel ethanol taxation    
  Personal Income Tax    
  Resource Super Profits Tax    
Workplace relations    

 

Workplace relations    
     

Introduction

Last year’s Budget was framed amid a sharply deteriorating world economy which was considered the most challenging global economic conditions since the Great Depression.  In 2009, the global economy contracted for the first time in the post-war era.  In contrast, Australia grew by almost 1½ per cent supported by monetary and fiscal policy stimulus, a well functioning banking system, and strong growth in a number of East Asian economies. 

The third Rudd Government Budget, presented on 11 May 2010, was developed within an improving but still uncertain outlook with events in Greece and other European Union countries reminding us of the risks to the global economic recovery.  Strong economic growth in China and India is expected to continue to flow throughout the region and, despite a slower pace, the US is leading the recovery among our advanced economy major trading partners.  Global economic growth is in the early stages of recovery but we should remain cognisant of the precarious economic environment which is continuing to challenge government policy makers around the globe.

Once again the Parliamentary Library has produced the annual Budget Review that examines the key features of a selection of crucial measures contained in the Budget to assist parliamentarians in their consideration of these issues. The first article, Budget 2010-11: 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 2010-11 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 (http://libiis1/library_services/budget_library/index.htm).

Roxanne Missingham
Parliamentary Librarian
May 2010


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