Research Brief no. 12 2006–07
Budget Review 2007–08
21 May 2007
PDF version
Introduction
Budget 2007–08: Key Features
Industry Statement – Re-commitment to current policy
settings
Personal income tax and superannuation
GST concessions for business in the 2007-08
Budget
Infrastructure
Social policy aspects of the Budget—introduction
Education
Income Support and Family Assistance
Employment Assistance
Health
Indigenous Affairs
Film, Arts and Culture
Attorney-General’s portfolio
Treasury Portfolio
Environment
National Plan for Water Security
Science and Health
Defence budget
Funding measures to protect national security
and combat serious and organised crime
Introduction
The purpose of the Budget Review 2007–08 is to assist Senators
and Members by identifying some of the key features of Budget measures
contained in the Commonwealth Budget 2007–08. While selective in focus,
it is not the intention of this document to make value judgements about
the relative importance of different measures or to provide a comprehensive
overall assessment of the Budget.
Nevertheless, the opening feature article provides analyses and comments
on the broader economic context of the Budget and the underlying assumptions
underpinning the Government's fiscal strategy. Similarly, the second article
adopts a broad perspective in examining aspects of the Budget that give
effect to the Government’s Industry Statement as announced on 1 May 2007
and the sixth article provides an overview of social policy aspects of
this year’s Budget. The remaining articles are more tightly focussed and
examine the impact of the Budget across a broad range of specific issues
and initiatives.
The Budget Review 2007–08 has necessarily been prepared under
time pressure with a view to making it available to parliamentarians as
soon as possible after the handing down of the Budget. While great care
has been taken to ensure that this brief is accurate and balanced, it
is written using information publicly available at the time of production.
Clients of the Library are invited to raise any 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.
Roxanne Missingham
Parliamentary Librarian
May 2007
|
