waynesworld1The big numbers:

  • Deficit: $53.1 billion; 4.8% GDP
  • GDP growth: -0.5%
  • Unemployment: in June 2010 — 8.25%
  • Inflation: 1.75%


Big spending (four years)
:

  • Road and rail funding: $5.5b
  • Clean Energy: $1.3b
  • First Home Owners Boost Extended: $0.5b
  • Jobs and training: $1.5b
  • Pension rise: $14b

Big savings (four years):

  • Superannuation contribution caps: $2.7b
  • Private health insurance: $1.9b
  • Pension tightening: $1.2b
  • Tighter Family Tax Benefits: $2.4b
  • Super co-contribution: $1.4b
  • Tax system tightening: $2b

Peter Fray

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