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Press Release No. 8 2010 - Treasury Economic Roundup: Issue 3 2010

Date:

Saturday, 2 October 2010

Content ID:

1880

Abstract:

Issue 3, 2010 of the Treasury Economic Roundup contains three recent speeches by members of Treasury’s Executive Board and articles prepared by Treasury staff.

The first two speeches were delivered by Dr Ken Henry AC, Secretary to the Treasury; IGR 2010: Challenges and Priorities for Australia to the Committee for Economic Development of Australia (CEDA) on 14 July 2010 and Tax Reform: Opportunities and Challenges to the Australian School of Taxation (ATAX) Conference on 21 June 2010.  The third speech was delivered by Dr David Gruen, Executive Director (Domestic), Macroeconomic Group, who presented on Forecasting in the Eye of the Storm to the New South Wales Economic Society on 4 June 2010.

The first article looks at Estimating the structural budget balance of the Australian Government.  The article develops estimates of the structural budget balance of the Australian Government.  It describes the methodology and assumptions used in developing these estimates, includes a sensitivity analysis, and explains why these estimates differ from those produced by the IMF and OECD.

A regular report summarising the outcomes of Treasury’s Business Liaison Program is also included.  Treasury staff held discussions with 21 businesses in three cities during August 2010.  The report outlines the key themes that arose in these discussions. 

The final article is the fourteenth in a series of biographies of Australia’s federal treasurers.  Joseph Lyons became treasurer and prime minister as the Australian economy gradually emerged from the Great Depression.  He was known for his consensual but orthodox approach.

The contents of the Economic Roundup: Issue 3, 2010 are provided under embargo until 12.01am on Saturday 2 October.

CANBERRA, ACT
1 October 2010

Contact: Andrew Craston
Domestic Economy Division
Telephone: (02) 6263 3216

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Economic Roundup Issue 3, 2010 - 2/10/2010
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