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The researchers found a correlation between a higher CPI and higher long-term economic growth, [12] as well as an increase in GDP growth of 1.7% for every unit increase in a country's CPI score. [13] Also shown was a power-law dependence linking higher CPI score to higher rates of foreign investment in a country.
The 2021 Australian federal budget was the federal budget to fund government services and operations for the 2021–22 financial year. The budget was presented to the House of Representatives by Treasurer Josh Frydenberg on 11 May 2021.
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
While Australia is a wealthy democracy, over the decade since 2012, Australia's ranking in the Corruption Perceptions Index from Transparency International has slipped from 7th place in 2012 to 14th in 2023, where the country ranked first is perceived to have the most honest public sector. Additionally, there is a public perception that ...
Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter. It was the 103rd quarter and the 26th year since the country had a technical recession (two consecutive quarters of negative growth). [35] As of June 2021, the country's GDP was estimated at $1.98 trillion. [36]
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to stimulate the supply of new affordable rental dwellings. The Scheme offers annual incentives for ten years (indexed annually to the rental component of the CPI). The two key elements of the incentive are: [1]
An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year, proposed conduct of Australian government operations in that period, and its fiscal policy for the forward years (following three year period). [1]
The Albanese government is the federal executive government of Australia, led by Prime Minister Anthony Albanese of the Australian Labor Party.The Albanese government commenced on 23 May 2022, when Albanese and an interim ministry of four other Labor MPs were sworn into their relevant ministerial portfolios by the Governor-General of Australia. [1]