OECD economic surveys : Australia 2014.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic Surveys: Australia, 1999-0146

Language:

English

Subjects (All):

Economic history.

Australia--Economic conditions.

Australia.

Australia--Economic policy.

Physical Description:

1 online resource (130 p.)

Place of Publication:

[Paris, France] : OECD, 2014.

Language Note:

English

Summary:

OECD's 2014 Economic Survey of Australia examines recent economic developments, policies and prospects. Special chapters cover taxes and transfers, and federal-state relations.

Contents:

Table of contents; Basic statistics of Australia; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Box 1. Economic policies of the current government; Post-boom adjustment is underway; Figure 1. Output, employment and prices; Figure 2. External developments; Long-term economic, social and environmental challenges; Figure 3. Housing market developments; Table 1. Macroeconomic indicators and projections; Figure 4. Long-term challenges; Figure 5. Environmental challenges; Figure 6. Australia's score in the Better Life Index

Ensuring price and financial stabilityInflation targeting continues to work well; The composition of Australia's large and mostly private external debt has improved; Table 2. Selected balance-sheet indicators; Prudential oversight is focusing on the housing market; Banks are strong, but the degree of concentration raises issues; Figure 7. Banking sector indicators; Recommendations on ensuring price and financial stability; Pursuing fiscal consolidation and ensuring efficient tax and public spending; A structural budget problem has emerged

Figure 8. General government revenues, expenditures and debtFigure 9. General government balance and net debt; Figure 10. The Commonwealth government's medium-term fiscal outlook; Options for embedding more disciplining mechanisms into federal-budget processes; Figure 11. The impact of policy decisions and the economy on the Commonwealth Budget; There is room for a more growth-friendly tax mix; Figure 12. Deficit reduction according to the 2014-15 budget; Reforming state-level financing - raising autonomy and responsibility

Table 3. Notable measures proposed in the 2014-15 budget, impact on the fiscal balance, AUD billionsFigure 13. Tax revenue by sector relative to top OECD countries; Figure 14. Fiscal decentralisation; Figure 15. Vertical fiscal imbalance: A comparison with other federations; Figure 16. Sub-central tax revenue; Some shared federal-state service provision does not work as well as it could; Figure 17. Decomposition of government expenditure by function; There is room to further improve state-level performance indicators

Recommendations on pursuing fiscal consolidation and ensuring efficient tax and public spendingImproving framework conditions for business; Infrastructure is receiving much attention; A new campaign to cut red tape is underway; There is room to rebalance business taxation and support schemes; Figure 18. Indicators on business policy; Ensuring strong competition will require continual attention; Recommendations on improving framework conditions for business; Encouraging employment, deepening skills and addressing inequality; Mixed progress in improving households' tax-benefit situation

In education, the government is headlining tertiary-sector liberalisation

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed February 14, 2015).

ISBN:

9789264227934

9264227938

9789264207103

9264207104