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Election Budget Analysis.pdf

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Preview of Election Budget Analysis
🔗 Source: nfaw.org
📊 Size: 1.03 MB
📄 Pages: 32 pages
⬇️ Downloads: 100

Summary

• The Australian economy has moved into a period of strong economic growth and employment conditions, following the recessionary period of the first year of the pandemic.
• Tight labour market conditions are expected to generate an unemployment rate of 4% for 2021-22, with workforce participation at historically high rates including for women.
• However, such strong economic growth and supply-side constraints have generated inflationary pressures, with Australia’s annual inflation rate at 3.8% for 2020-21 and expected to reach 4.25% in 2021-22.
• Higher inflation has not been matched by a commensurate growth in wages, meaning that real wages are falling.
• The Women’s Budget Statement allocated $2.1 billion to initiatives to support women and girls, but this amounts to no more than 0.3% of total expenditure.
• The Women’s Budget Statement provides a gender-focused analysis in areas of direct relevance to women, but does not provide a gender impact assessment across the entirety of all budget measures.

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Description

• The Australian economy has moved into a period of strong economic growth and employment conditions, following the recessionary period of the first year of...

Technical Information

  • File Format: PDF
  • File Size: 1.03 MB
  • Pages: 32
  • Language: EN
  • Total Downloads: 100
  • Last Updated: 7 days ago

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