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Media releases

2009

June 2009 Consumer Price Index

Today's Consumer Price Index (CPI) result shows that inflationary pressures continue to subside due to the global recession and the impacts it is having on the domestic economy.

Ministers Take Single Market Forward, Sign Up To Trans-Tasman Retirement Savings Portability

Australian Treasurer Wayne Swan and New Zealand Finance Minister Bill English today made significant progress towards a Single Economic Market at their annual bilateral meetings held in Brisbane.

IMF Economic Updates

Economic updates released by the IMF overnight have revised upwards growth forecasts for the global economy, as well as key economies such as China, while confirming Australia has the strongest p

Maldon-Dombarton Rail Link

The Rudd Government today commits a further $3 million to move to the next stage of assessing the feasibility of a rail line between Maldon and Port Kembla via Dombarton.

New Tax Relief Starts Tomorrow

New tax relief starting tomorrow will boost incentives for hard work, building on last year's tax cuts and the Government's economic stimulus payments to deliver substantial benefits to low and

Reappointment of Mr John Trowbridge to the Australian Prudential Regulation Authority

I am pleased to announce the reappointment of Mr John Trowbridge as a full-time Member of the Executive Group of APRA for a further 12-month period from 1 July 2009.

IMF Article IV Consultation with Australia

The IMF has delivered another clear endorsement of the Rudd Government's actions to combat the global recession in its Article IV consultation statement released today.

OECD Economic Outlook – June 2009

The OECD Economic Outlook released today provides further evidence that Australia is outperforming every other advanced economy in the face of a savage global recession.

Building Societies, Credit Unions and Retail Banks Sign Up to Help Borrowers in Distress

Today I announce that all 144 retail banks, building societies and credit unions have signed up to the Government's Principles to assist borrowers who are experiencing financial difficulty as a res

National Accounts – March Quarter 2009

Today's National Accounts show the Australian economy has outperformed every other advanced economy in the March quarter, recording positive growth in the face of a savage global recession.

Balance of Payments – March Quarter 2009

Today's release of the Balance of Payments shows the ABS estimates a further significant narrowing in the current account deficit in the March quarter to $4.6 billion.

Employee Share Schemes

The Assistant Treasurer, Chris Bowen MP, has today outlined the key principles that will underpin the consultation process on the Budget measure that deals with the taxation arrangements surround

Darwin Port Expansion - Nation Building to Support Jobs

Today I joined with the Chief Minister, Paul Henderson, and Federal Member for Solomon, Damian Hale to visit the Port of Darwin to discuss equity funding for the Darwin Port Expansion.

New Light Rail on the Gold Coast Gets Green Light

Today I welcome the announcement of funding for the new 13 kilometre Gold Coast Light Rail from Griffith University to Broadbeach. The $894 million project will:

Car Dealer Financing Special Purpose Vehicle: Supporting Legislation and Ford Credit

I am pleased to announce the Rudd Government has agreed to activate the Car Dealer Financing Special Purpose Vehicle to help secure the immediate future of Ford Credit in Australia and its 230 de

Government Announces Further Details of the Guarantee of State and Territory Borrowing

On 25 March 2009, the Rudd Government announced that it is taking action to support jobs and protect vital infrastructure development from the global recession by providing a time-limited, volun

Economic Background to the 2009-10 Budget

The 2009-10 Budget has been framed against the backdrop of the most challenging global economic environment since the Great Depression.

2009-10 Budget - Supporting Jobs Now By Investing in Our Future

The 2009-10 Budget has been framed against the backdrop of the deepest global recession since the Great Depression.

Improving Fairness and Integrity in the Tax System

The Rudd Government today announces important new measures to improve the integrity of the tax system and protect Commonwealth revenues needed to support jobs and invest in nation-building in the f

Better Targeting the Employee Share Scheme Tax Concessions

The Rudd Government today announces new measures to help ensure everyone pays their fair share of tax by better targeting eligibility for the employee share scheme tax concessions.