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2011 Australian Budget

Employment $3 Billion Training Package- new ways to get people into work 300,000jobs created in past year, unemployment to decline 4.5%in 2013, creating another 500,000jobs Mental Health $2.2 Billion Mental Health Package Reigonal Health $1.8 Billion Reigonal Health Facilities Economy: $9 Billion damagesfrom Qld floods, Cyclone Yasi, pushing GDPdown 0.5% NZ JAPANdamages,GDP0.75%combined with all natural disastors Forecast GDPgrowth of 4%2011-12, 3.75%2012-2013 Mining investment rise 8x the level proceeding the 'boom', leading to $26 Billion of investment by 2011-2012 $ is around post-float highs, effecting some sectors, such as those competeing in international markets Effects from GFC,slow improvement in people's wealth, impacting on Govt. revenue Price pressures to re-emerge, strict spending limits


2011 Australian Budget