To read this content please select one of the options below:

Australia budget places growth over fiscal discipline

Wednesday, May 19, 2021


The strategy should support the economic recovery that is already underway following a year of pandemic-related restrictions. There will be more spending on infrastructure and additional tax relief for businesses and workers, with the result that public debt will remain high for at least a decade.


  • The skills shortage affecting business investment is likely to continue until international travel and migration normalise in 2022.
  • Australia will hold onto its AAA credit rating despite the growing debt load, but the outlook has become more negative.
  • The coalition’s expanded social agenda will weaken the opposition Labor Party ahead of the pending general election.

Related articles

Expert Briefings logo
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.