economy - hofreps - 1970

Contexts in which the word economy was used in the House of Representatives during the 1970s

Certainly, it will have the effect of dampening down some new activity at a time when the economy cannot stand it. [More…]
The statement by the Reserve Bank about increasing interest rates is of great significance to the whole economy. [More…]
The economy, as is widely recognised, and certainly by the Reserve Bank and by responsible authority generally, is in an overheated condition. [More…]
The purpose of the upward movement of interest rates is, above all, to serve as a signal to all elements of the economy but particularly to dampen down the demand for bank finance. [More…]
How does the honourable gentleman reconcile judgments on the state of the economy expressed by him yesterday with those expressed in the GovernorGeneral’s Speech a week earlier? [More…]
Is the economy in an overheated condition, as he said is widely recognised, or have pressures on costs and prices been kept reasonably under control, as the Governor-General stated? [More…]
There is no basic conflict at all between what the Governor-General said in his Speech and the statement I made that the economy is now somewhat overheated. [More…]
In the period since, the economy has not fallen into a disastrous situation or anything approaching it, but the inflationary trend is now a matter for concern. [More…]
It is in the best interests of the Australian economy. [More…]
This includes the effects on woolgrowers of the high rates of economic growth which have been achieved elsewhere in the economy whether due to tariffs or to other measures of government policy; the effects of government policies which assist the industry; as well as other domestic and overseas matters important to their welfare. [More…]
Did the Minister for Shipping and Transport on 18th July 1969 say that Australia’s survival as an exporter depended on forward planning in the rural, mining and manufacturing sectors of lbc economy. [More…]
Australia’s market size and that of her international competitors, meant that for the producing sector of the economy, market sharing, and even survival, depended on forward economic planning. [More…]
I direct my question to the Prime Minister and refer to the sudden emergence, after 20 years of silence, of the Liberal Party’s policy on the rural economy and, as this is an official statement, I assume that it has the full backing of the Prime Minister. [More…]
For many years this country operated under almost a siege economy. [More…]
If restraint is being imposed on the economy at any time I think it should be clear that the Corporation will give a lead in its restraints. [More…]
Is the development and maintenance of manufacturing industries of vital importance to the Australian economy. [More…]
Will the Prime Minister assure me that, as he tackles the oysters, he will not forget the parlous position of the rural sector of the economy whose development has been inhibited by carrying on their bent backs at least some of the interests at the feast? [More…]
As he embarks on the roast duck, will he remember that the sound development of Australia depends on the ability of both primary and secondary industry to supply the exports that a developing economy demands and so depends on our having a cost structurelow enough to enable us to compete with our overseas competitors? [More…]
Last night I was speaking about the ability of Japan with its improved economy to purchase more of our meat and I desire to caro’ on from that point. [More…]
I refer to his statement last weekend to the New South Wales Liberal Party branch convention on the effects of increased wages on the economy. [More…]
Is it the intention of the Government to continue to use the home building sector as an instrument to dampen down the economy. [More…]
If so, what is the estimated number of dwellings which can be constructed in each year for the next 3 years without undue strain on the rest of the economy. [More…]
of particular wage claims will depend on all of the circumstances of the case, including over-riding considerations such its the state of the economy and its capacity to pay any wage increase contemplated. [More…]
On the other hand it is improbable, given the strong growth in output of the Australian economy over most of the period in question, that output reductions have been a significant factor influencing the price level. [More…]
Recent statistics suggest that the areas of demand in the economy which have been growing particularly strongly have been public sector spending and private investment spending. [More…]
Do the former Minister for Labour and National Service and the former Treasurer reflect the attitudes of the Liberal and Country Parties of acceptance and encouragement of a 2-wage economy where both husband and wife must have separate incomes to survive the difficulties caused by rising living costs? [More…]
ls he able to say whether these centres have refused to carry out this intermediary service in Queensland as a result of the recent economy drive undertaken bv that State at the instance of the Commonwealth? [More…]
If extra staff will be required, does this accord with the Government’s present economy drive. [More…]
The first step is to set up an inquiry to involve the public in discussion on what is being proposed, and to subject to severe scrutiny and analysis any proposals put forward to determine their appropriateness and practicability for the Australian economy and the Australian people. [More…]
Has the Bureau of Census and Statistics abandoned a proposed survey of family incomes and family expenditure because of the Government’s economy drive. [More…]
What assistance does the Administration of Papua and New Guinea give to political refugees from West Irian to absorb them into the economy. [More…]
In the long term the growth of the Canberra workforce and population depends on the growth of the Australian population and the national economy, and because of the uncertainties of the many factors involved, population projections beyond 1980 must be regarded as being of doubtful value. [More…]
Does this reflect the depressed state of the economy? [More…]
What action does the Treasurer intend to take to prevent our tottering economy from being further upset? [More…]
In view of the importance of the tourist industry in relation to our economy, I ask the Minister whether everything possible is being done to encourage tourists to Australia and whether he is receiving the necessary co-operation from the States and from the various organisations concerned. [More…]
I have interpreted the honourable member’s question as relating to’The Australian Economy’, the ‘Treasury Information Bulletin’ and the ‘Supplements to the Treasury Information Bulletin’. [More…]
If the position is as stated, did the Repatriation Commission reduce the allowance on its own initiative after considering evidence that travel costs are reducing or was the reduction part of the Government’s economy drive to reduce expenditure. [More…]
In view of the importance of the tourist industry to the Australian economy, will the Minister indicate what steps are currently being taken to encourage a greater flow of tourists from other parts of the world? [More…]
I think the honourable member for Lalor (Dr J. F. Cairns) said that tariffs are used in making a plan for the economy of a nation. [More…]
The signals at Campbell Park are being installed in conjunction with road construction for convenience and economy. [More…]
semigovernment work, stronger growth in the public sector, the escalation of wages and costs, growth in the economy and State works. [More…]
The Opposition opposes this clause which deals with public interest and the national economy. [More…]
I can speak only for myself on this matter, but I do not intend to rehash the whole question of public interest and national economy. [More…]
I preface my question, which I direct to the Minister for Trade and Industry, by saying that I am sure the Minister is aware of statements from some quarters that the value of primary industry is not as important to the economy of Australia now as it was some years ago. [More…]
Is the honourable gentleman aware of the importance of sleeper production to the timber industry of Western Australia and, indeed, to the employment situation and the economy of Western Australia? [More…]
I preface my question to the Prime Minister by pointing out that, following the recent industrial dispute within the oil distribution and fuel marketing industry, it is obvious to everybody that, in this area, Australia’s economy is most vulnerable. [More…]
I ask the Minister whether it is considered that the quoted $900m concerning the Palm Valley gas would be of value to the Australian economy. [More…]
Skilled men are paid the rate for their skill; and as Australia’s expanding economy needs many skills, they get a good rate. [More…]
It is understood that a good deal of preliminary work has been undertaken by the OECD Secretariat in Paris in preparation for the Organisation’s first survey of the Australian economy. [More…]
ls the object of this exercise to drive up prices and increase the pace of the increased cost of living with a view to making justification for seeking further constitutional powers to control the economy with the idea that then the economy will be put in >a economic straitjacket? [More…]
Did the Prime Minister receive a request from the Labor Premier of Western Australia 3 weeks ago for the Australian dollar to be devalued because of the tremendous impact on the Western Australian economy of devaluation of the United States dollar, followed’ by the Australian Government’s revaluataion? [More…]
Has he carried out any examination into the effect of growth in the Public Service on the Australian economy, the Australian workforce and the Commonwealth Budget? [More…]
There will be a very large increase in revenue in 1973-74 associated with the ‘natural’ growth of the economy. [More…]
What was the percentage change for the total economy in (a) implicit price deflator, (b) unit labour costs, (c) unit profits, (d) unit indirect tax less subsidies and (e) other unit costs during each calendar year from and including 1966. [More…]
Does he expect that the trade unions will slow down price rises by reducing demands for increased wages and does he expect that the trade unions will call off the crippling strikes now harming the economy and the people of Australia? [More…]
Vernon Committee of Enquiry into the Economy (Question No. [More…]
What was the size and composition of the staff servicing the Vernon Committee of Enquiry into the Economy. [More…]
Does his reference in answer to a question that his Government would not permit stop-go policies in the economy mean that his Government will not avail itself of the economic, fiscal and monetary powers available to it, such as variation in taxes, interest rates, tariffs and the exchange rate (Hansard, 14 March 1973, page 538). [More…]
What would be the effect on (a) the economy, (b) the Commonwealth Budget of an immediate implementation of a 35-hour week. [More…]
I simply indicate that one should not think, merely because there is an array of complicated problems and the social inequities that one finds in the management of an economy, that they sometimes be regarded independently of what might be thought to be the aggregate effect on inflation. [More…]
any erosion of an individual’s freedom of choice of doctor or hospital; and (0 its effects on the national economy and the quality of health care for present and future generations of Australians. [More…]
In view of the successive economic measures of a penal nature imposed against the private sector of the economy, some of which - including the announcement at the weekend of the increase in interest rates - are going to be grossly inflationary in their impact on young home buyers, does the Prime Minister still accept that the public sector should go entirely unrestrained? [More…]
If the state of the economy is to be the criterion, I suggest to all investors that they hold on to their shares. [More…]
Will the Treasurer give this House an assurance that the Government will adopt a comprehensive multipolicy approach to combatting inflation and so restore confidence in the Australian economy? [More…]
It is designed not to contain inflation but to pass to the Labor Party powers of arbitrary direction over the economy of Australia. [More…]
What sort of anomalies are involved when the Government is trying, by stringent measures, to reduce domestic liquidity at one end of the economy, that is, the private sector, while simultaneously pumping money in at the other end, the non-producing end, with a 19 per cent lift in the public sector? [More…]
In regard to foreign ownership, the 1972 Treasury White Paper on foreign investment in Australia reports that approximately 89 per cent of this country’s capital requirements are met by internal Australian savings with the residual 11 per cent being overseas capital which has been directed to the most lucrative and most crucial sectors of the economy, namely, minerals, petroleum, automobile production,” electronics, chemicals and pharmaceuticals. [More…]
If the Minister agrees that these are the facts, how does he reconcile them with his statements to the Press that the latest loan raising represents a significant contribution towards the Government’s objec tive of reducing excess liquidity in the economy? [More…]
Has his attention been drawn to allegations in the publication ‘Fiji a Developing Australian Colony’, of an Australian take-over of the Fijian economy by multinational corporations through subsidiaries and merger of Australian companies. [More…]
When does he expect the Treasury White Paper on the Economy to be published. [More…]
With inflation acknowledged by the Government to be a major economic problem in Australia today at an annual rate of 13 per cent and more, and with the latest Treasury report released today showing that the economy is experiencing a seriously tight labour situation and, to quote from the report, ‘widespread shortages of goods and materials’, does the Prime Minister agree that it would be madness to reduce working hours? [More…]
In the Australian Economic Review, 4th Quarter 1973, produced by the Intsitute of Applied Economic and Social Research, the claim is made that, under certain conditions, ‘the Australian economy will move to an inflationary situation as serious as that posed by the Korean War boom’. [More…]
Is he aware of the statement made yesterday by his colleague, the Minister for Social Security, that the Government was presiding over the destruction of the Australian economy? [More…]
The Minister for Social Security and I take the attitude that public statements on the economy should come in the first place from the Treasurer. [More…]
As the economy deteriorates there is only one area to which people should look to place the blame fairly and squarely and that is to the Government. [More…]
Will he update the analysis on the sources of inflation published on pages 19, 20, 21 and 22 of the paper prepared by his Department entitled “The Australian Economy 1972.’ [More…]
the Treasurer (Mr Crean) and other Ministers in attempting to avoid any worthwhile debate on the state of the economy. [More…]
On each occasion the Ministers have ducked any questions relating to the economy and have given no worthwhile answers. [More…]
It is, however, possible to update the table showing the direct contribution of import price increases to total price increases for goods which appeared on page 21 of The Australian Economy 1972’. [More…]
When will the Minister for Minerals and Energy table the Fitzgerald report on the contribution of the minerals industry to the Australian economy? [More…]
My Department is currently investigating the formulation of a suitable fuel consumption standard, and at the same time examining the United States voluntary fuel economy labelling programming introduced for 1974 model vehicles. [More…]
Is it any wonder we are in a mess, with such structural strains imposed on the economy? [More…]
It can be a result of the way the economy operates, for a start, irrespective of what is Government policy. [More…]
Some evaluators are examining regional geography, population, economy, community of interest and services. [More…]
Can the Deputy Prime Minister, as one of the so-called experts on inflation, the economy and employment, give his views on when improvements can be expected and his predictions as to the extent of the improvements? [More…]
Melbourne to Sydney, first class 6.46c, economy class 5.17c. [More…]
Melbourne to Adelaide, first class 6.56c, economy class 5.25c. [More…]
1 7c, economy class 4.94c. [More…]
Melbourne to Perth, first class 5.81c, economy class 4.65c. [More…]
Mr Speaker, I seek leave to make a statement on the economy. [More…]
-Can the Prime Minister inform the House whether the Australian economy generally and business confidence specifically is being affected by the continued threats from the Opposition parties, particularly the Country Party, to force an early election by again blocking Government business in the Senate? [More…]
Could the Minister indicate to the House the extent to which overseas economic pressures are now affecting the Australian economy? [More…]
Times’ key indicators repeatedly, week after week, indicate the very unsettled nature of the international economy, especially where commodities that we are heavily involved in in trade are concerned- commodities which affect our major trading partners. [More…]
The debate has ranged very widely over the whole rural economy, but I ask the right honourable gentleman to try to return to the provisions of the Bill. [More…]
The National Small Business Bureau was established earlier in 1974 to progressively develop a comprehensive and co-ordinated national program of assistance to small business in the manufacturing and tertiary sectors of the economy. [More…]
The Public Service Board has informed me that the matter of greater use of economy class air travel for Australian public servants travelling on official business within Australia and overseas has been under study in its Office since June 1971, when it was returned to the Board as an unresolved issue by the Joint Council (a joint employer/employee body provided under the Public Service Act). [More…]
1 ) When did the Public Service Board begin its review of the provisions of Public Service Regulation 84 which governs whether public servants will travel first or economy class. [More…]
What was the increase in the average wage in the (a) private sector and (b) public sector of the Australian economy during 1973. [More…]
The Committee was set up to advise the Government on the proper measures needed to facilitate desirable structural changes in the Australian economy, particularly in the areas of adjustment assistance, training and relocation, and social security and welfare. [More…]
What weight does the Treasurer give to the views of Professor Arndt that the Government’s approach to the economy is incredibly irresponsible and that Australia is becoming one of the most rapidly inflating countries in the world? [More…]
In recent days the Treasurer has indicated in strong terms his policy on the economy and has left no doubt that he intends to pursue an unrestricted approach. [More…]
Now that meat prices are low, company profits are low, there is a slowdown in foreign capital, the multi-nationals are under control, there is a different Treasurer and Whitlam only cannot control inflation, where does the Prime Minister put the blame for the high inflation that is wrecking the Australian economy? [More…]
Has his attention also been drawn to indexed item 2- Interdepartmental committee report on the state of the economy. [More…]
I think the Island’s economy is worthy of a lot of study. [More…]
-Can the Special Minister of State explain to the House the purpose of the Prices Justification Tribunal and the role it plays in the economy of this country? [More…]
Particular examples of restraint include economy class domestic air travel for Members of Parliament and Government employees, restrictions on the use of Government cars, reductions in overseas travel, non-replacement of existing office furniture and fittings and restrictions on overtime working and engagement of consultants. [More…]
That all words after ‘That’ be omitted with a view to substituting the following words: ‘the’ House condemns the Budget because it does not provide an adequate program to defeat inflation and relieve unemployment nor does it restore confidence in the private sector of the economy’. [More…]
We have just listened to a diatribe of the problems facing the nation, all attributed to what is deemed to be the inability to control the economy. [More…]
However it is also pointed out that there may well be some unevenness in the rate of recovery generally in the economy and in that section. [More…]
Can the Minister give me an assurance that sufficient tonnage will be available to service the Bass Strait container trade which is so important to the economy of Tasmania? [More…]
-Is the Treasurer able to say whether any damage has been done to the economy yet as a result of the delay in passing the Budget? [More…]
What is likely to be the effect on the economy if the delay in passing the Budget is prolonged? [More…]
the continuing mismanagement of the Australian economy by the Prime Minister and this Government with policies which have caused a lack of confidence in this nation’s potential and created inflation and unemployment not experienced for 40 years. [More…]
In the second place, it will certainly assist in placing more resources in the private sector, as distinct from the public sector, of the economy. [More…]
The honourable gentleman would recognise that it is an important factor in inhibiting the tax-induced element of present wage and salary claims in the economy. [More…]
What effect would wide use of the technique employed by the New South Wales Government to obtain major transport capital equipment on lease have on the Federal financial structure and the ability of the Commonwealth Government to control the nation’s economy? [More…]
-As I was saying, Mr Speaker, export markets could be affected seriously with a resultant effect on the viability of the cattle industry, on the producers connected with the industry, and on the economy generally. [More…]
When we consider the enormous damage that was done nationally to the economy by the attitude of the previous Labor Administration it is significantly obvious - [More…]
The answer to the honourable member’s question is as follows: (1)I announced on 15 January 1976 that I had begun a review of legal aid services in Australia directed to determining exactly how the provision of legal aid could best be managed in the public interest bearing in mind the need of citizens for legal aid and the efficiency and economy of its administration. [More…]
In order to reinforce the recovery of business confidence in the private sector of the economy, will he table monthly in [More…]
8 (Hansard, 27 April 1976, page 1637), is it a fair test of public demand for non-smoking seats when regular airline users are aware that many economy class non-smoking seats are at the rear of the aircraft, and are not sufficient to provide a smoke free area and that the airline companies do not stop people from smoking in non-smoking seats, as evidenced by the example on TAA combined flight 450/422 from Canberra to Sydney on Wednesday, 21 April when two smokers in non-smoking seats were not even spoken to by the air hostesses. [More…]
Will he give an assurance that adequate maintenance to naval vessels will not be sacrificed on the grounds of economy and that the lives of personnel and the safety and efficiency of the fleet will not be impaired. [More…]
I am glad that the honourable gentleman is recognising the damage that his Administration did to the Australian economy in lost job oportunities, and the difficulties caused through inflation and dramatic changes in economic direction to manufacturing industry, to exporting industries generally and to primary industry. [More…]
The honourable gentleman would well know that when you have done grave damage to an economy you cannot go back two or three years to the situation which you were in before. [More…]
If so, do the movements in the company profit levels and the savings ratio indicate whether those elements mean that the economy is beginning to move in the right direction after 3 years of disastrous economic policy? [More…]
The indicators quoted by the honourable gentleman do in fact show that the economy is now moving in the right direction. [More…]
Whether these offices are required to be located as at present is a matter for judgment in the light of factors including administrative efficiency, economy, ease of access by and to the public, policies on the location of Government employment, the interests of staff and the availability of accommodation. [More…]
In a speech to the Victorian Division of the Securities Institute of Australia on 10 September, did the Treasurer claim that rises in stock market indexes indicated that not only was the economy on the mend but also that business confidence was rising? [More…]
The above figures indicate that the absolute cost of strikes to the Australian economy is significant but there are many difficulties associated with making an accurate estimate of this cost. [More…]
What was the estimated monetary value of the cost to the Australian economy of the loss of productivity caused by strikes in each of the last 3 statistical years? [More…]
What was the expected saving in a full 12 month period from the decision that people travelling on government account would travel economy class on domestic airlines. [More…]
Does he remember stating on a number of occasions that the level of consumption in the economy was too low for the health of the economy because the savings ratio was too high? [More…]
If this is so what sort of measures has he in mind to offset it in the interests of a healthier economy? [More…]
Will the splitting of Treasury automatically lead to a more efficient handling of the economy, or is the decision to split Treasury just a move to get square with Treasury for the Cabinet leak regarding the Prime Minister’s attitude to devaluation, as reported by Kenneth Davidson in the Melbourne Age of 10 November? [More…]
All these things have added up to a completely incompetent economic management of this country over the last 12 months by these men who grabbed for power on the excuse that they could manage the economy better. [More…]
The speeches we have heard from members of the Opposition in this debate have been, first, wrong in the gloomy picture they have painted of the state of the economy. [More…]
They have urged on us the same old policies that wreaked such havoc and brought the economy to its knees in the Whitlam years. [More…]
As to the state of the economy, the economy is on the move. [More…]
Will the Minister now take urgent action to implement reconstitution of the Meat Board and the restructuring of marketing for the benefit of all sections of the beef production, processing and marketing industries, as well as the national economy? [More…]
Would such an increase lead to an increase in demand for goods and services in the Austraiian economy? [More…]
Does he believe that the future development of the mining industry should be controlled in the interests of protecting other sectors of the economy, or is it his policy to develop the industry as rapidly as possible? [More…]
I refer the Prime Minister to reports that the Metal Trades Industry Association and the trade unions associated with the metal trades have called on the Government to stop tariff reviews until the economy has recovered. [More…]
Will the Government agree to support their proposed 2-year moratorium on tariff changes, thereby protecting the jobs of a quarter of a million Australians and assisting a strategic sector of our economy consisting of over 4000 industries already established? [More…]
1 ) Did he, or any of his colleagues, acting on behalf of the Liberal-National Country Parties, issue a statement on the economy on 27 November 1975 which, inter alia, said that consideration will be given to the introduction of a new security, on a limited basis, with an inflation adjusted capital value or floating interest rate. [More…]
In particular, will he take action to limit the export of liquefied petroleum gas until the Government has assessed its future role in the Australian energy economy. [More…]
Will the Government take into account, before reaching a decision on the level of protection to be granted, the importance of the industry to (a) the work force, (b) the supplying industries, (c) the consumer and (d) the economy generally. [More…]
1 ) As President Carter has proposed an increased public works program and greater social security benefits as well as tax cuts to revive the American economy, does he propose to hold discussions with the new President because of the obvious difference in approach to economic problems. [More…]
853 (Hansard, 30 November 1976, page 3005), is it a fact that a figure was set by Treasury as the likely savings in a full 12 month period arising from the decision that people travelling on government account would travel economy class on domestic airlines. [More…]
In that way there will not be any hidden taxation by reason of the operation of inflation in contrast to the situation under the administration of the former Government and particularly under the handling of the economy by the former Labor Treasurer, the honourable member for Oxley. [More…]
and (2) The first and economy single fares to the cities, quoted in Australian dollars, are: [More…]
I believe that, first of all, there must be a reduction of interest rates to give impetus to the economy. [More…]
These governments go in for public investment to lead the revival in the economy. [More…]
The threat to the democratic process and the Australian economy by the actions of trade union leaders, particularly in the building industry. [More…]
The economic uncertainty caused by the comments of the Prime Minister and senior Ministers about the economy and an early election. [More…]
Does this action and the fact that only a conversion loan is to be offered in October mean that the Government is attempting to flood the economy with liquidity to force a cosmetic reduction in interest rates? [More…]
That this House censures the Government for its economic policies which have caused the serious deterioration of the economy during 1977. [More…]
The vital point at present is that because of the stagnation of the economy there is no alternative employment for those who become unemployed when a mine cuts out. [More…]
Of course we must think of those types of industry which are most valuable to the Australian economy as a whole. [More…]
One would want to offer help to farmers, provided it did not penalise other sections of industry, but from the point of view of the Australian economy as a whole- I am not speaking about social things; I am speaking about economic things- the most valuable and productive section of the economy is the mineral section. [More…]
From the point of view of the economy, it is more valuable than any other form of primary production. [More…]
-Has the Treasurer noted recent assessments that 1978 will reflect stronger growth in the economy than 1977? [More…]
My question, which is directed to the Prime Minister, concerns his reported statements at the Commonwealth Heads of Government Regional Meeting supporting the Prime Ministers of Malaysia and Singapore in their assessment that there will be no quick recovery in the world economy. [More…]
Will he further agree that a sluggish export performance has grave implications for the growth prospects of the Australian economy? [More…]
In view of these prospects will the Prime Minister reassess his Government’s economic domestic policies to ensure that the Australian economy is not plunged into further recession with disastrous effects for the whole community? [More…]
Will he explain also to the House by what logic he advocates policies of slower growth in the world economy yet simultaneously deplores the increasing protectionism which is being spawned by the world recession? [More…]
The recessed state of the Australian economy. [More…]
1 ) Has the Government approached the Western Australian Government with a view to undertaking research into the effects which a decision to close down the whaling industry would have on the economy of the Albany district along the lines of the suggestion that the Fraser Island Environmental Inquiry made for an approach by the Government to the Queensland Government concerning the economy of Maryborough (Hansard, 22 October 1970, page 2751, 12 September 1972, page 1236 and 8 November 1977, page 3162). [More…]
The Department of Environment, Housing and Community Development is undertaking a preliminary assessment of the effects of a closure of the whaling company on the economy of the Albany district in connection with the forthcoming inquiry. [More…]
-Mr Deputy Speaker, the highlight of this debate has been the failure of the Government to debate the economy. [More…]
The current circumstances of the economy have influenced that action. [More…]
For the information of honourable members I present the report of Mr N. M. Butcher, made on behalf of the Department of Aboriginal Affairs, on the greater involvement of Aboriginals in the economy of the Pilbara and Kimberley regions. [More…]
When one considers that this legislation concerns the community, the industries of Australia and the economy of this country, it can be seen that the Opposition is playing a far more responsible role in regard to it than is the Government. [More…]
-Has the Acting Prime Minister seen reports containing suggestions from various sources that the Government should relax its firm control over the economy and should introduce some stimulation of economic activity by expanding government spending? [More…]
The one system most devoid of incentives to induce efficiency in the production of health care services and to encourage economy in the consumption of those services happens to be bulk billing. [More…]
What steps has the Government taken toward the establishment of fuel economy standards for new motor vehicles either manufactured in or imported into Australia, as recommended by the National Energy Advisory Committee. [More…]
The so-called economic alternative which he has advanced tonight would set the Australian economy back on a path towards high inflation and high interest rates and, beyond that, to severe recession and increased unemployment. [More…]
This is the man who deliberately undermined this country’s exchange rate, a man who has sought at every turn to talk the economy down both here and overseas and a man who has invited violence as a means of changing the present economic strategy. [More…]
-Can the Prime Minister tell the House to what extent the Budget brought down last week is likely to result in bringing the Australian economy back to the mythical economic buoyancy of 1974, a buoyancy which seems to preoccupy the thoughts of the party opposite? [More…]
The Labor Government wrecked the efficiency of industry and the economy of Australia. [More…]
As soon as the Australian economy has picked up, as it is now picking up, we will be able to do away with the 1? [More…]
When will the refunds be made which would assist the depressed economy of the Australian Capital Territory? [More…]
-Can the Prime Minister give any information to the House about the present state of the rural economy in Australia? [More…]
Is the rural economy assisting the overall economic situation? [More…]
If so, how do these figures compare with agriculture’s position in the Australian economy? [More…]
Economy in Public Service (Question No. [More…]
Would he issue a directive to the Public Service Board that the Board bring to the attention of public servants authorised to incur expenditure the provisions of Finance Regulation 93 which requires such officers to exercise due economy in the purchase of goods and services and to see that surplus goods and materials are not disposed of unnecessarily. [More…]
They accept that France is well into the post industrial society, or the information society as some prefer to call it, in which an increasing share of the national economy will be devoted to the collecting, processing and dissemination of data, or ‘informatics’ to use the Nora report’s terminology. [More…]
Why did the Bureau discontinue its preparations for (a) the 1978-79 survey, (b) the quarterly and annual job survey and (c) the preparation of statistics of foreign participation in particular sectors of the Australian economy. [More…]
Does the Minister appreciate the contribution made by regional television stations to the quality of life in country Australia and to the economy of provincial centres? [More…]
Thus forecasts of unemployment are inevitably subject to a considerable margin of error- particularly under conditions such as those operating in the economy over the past few years. [More…]
However, the principal energy issues on which advice has been provided are: energy conservation coal liquefaction study with the Federal Republic of Germany development of the North West Shelf gas resources energy research and development use of methanol as a fuel extender electric vehicles in Australia possible patterns of oil supply to the year 2000 assessing Australia’s energy resources Australian membership of the International Energy Agency fuel economy goals for passenger cars some aspects of energy modelling in Australia exploration for oil and gas in Australia. [More…]
-Can the Minister for Employment and Youth Affairs tell the House what percentage of job vacancies in the economy are listed with the Commonwealth Employment Service? [More…]
In view of the need for fuel economy will the Minister inform the House whether the Government is yet in a position to reduce or cancel this duty which is impeding the progress of this company? [More…]
I ask the Minister What are the implications of this announcement for the Australian economy? [More…]
It is clear from the economic surveys conducted in Australia by the Organisation for Economic Cooperation and Development, which were published in August that the Australian community, the Australian people and the Australian economy will benefit from this Budget, and that we are once again on the road to recovery. [More…]
I ask the Minister: What progress has been made in reaching the fuel economy targets for new passenger cars, which should result in savings of 5 per cent in 1983 and 12 per cent in 1987? [More…]
Does the Minister believe that the addition of turbochargers to car engines can help to achieve these fuel economy goals? [More…]
In fact, good investment and export signs are evident in the Australian economy which I am certain the Leader of the Opposition could well observe in his quieter moments. [More…]
Statistics covering the operations of all foreign-controlled enterprises in the whole of the economy are not available. [More…]
The Government has no hesitation in rejecting this motion because it can stand on its record since it came into government at a time when it had to overcome the shambles in the economy, the high levels of inflation and the high levels of unemployment which were brought about with the economic policies during the years 1972 to 1975. [More…]
Has his attention been drawn to the comment in the 5th Annual Report of the Pipeline Authority which states that the use of pipelines to replace road and rail transportation in the process of transporting fuel supplies to market centres where economically justified, would result in a significant contribution to fuel economy. [More…]
If so, has the Government considered this aspect of fuel conservation and what plans does it have for construction, or to assist in the construction of pipelines, which would contribute to fuel economy. [More…]
Observes that the New South Wales Urban Transport Study Group has determined that 60 to 70 per cent of the variation in fuel economy of light motor vehicles attributable to road and traffic characteristics is caused by low speed urban driving. [More…]
For the first two years in which it was in Government, to use the words of the President of the Tax Institute of Australia, it let it go unchecked until it became a disease, an epidemic, that gripped the whole of the economy, certainly the more affluent parts of the economy. [More…]
1 ) Although there has been significant growth in the absolute size of the net invisibles deficit (reflecting both economic growth and inflation), this growth has been broadly in line with that in the rest of the economy. [More…]
The intensification of stagflation in the Australian economy resulting from Government policies. [More…]
The intensification of stagflation in the Australian economy resulting from Government policies. [More…]
The Australian economy, moreover, has demonstrated a new resilience which has enabled it to weather problems created by droughts, and by international financial stresses. [More…]
My Government will follow policies aimed at broadening the economy and further developing the Australian nation. [More…]
Measures will be introduced directed towards simplification of the procedures of health insurance funds, the more effective employment of their financial reserves, the maintenance of their management expenses at reasonable levels, and the improvement of their operational efficiency and economy generally. [More…]
Fortunately also, so far in this respect we have been able to sever our economy very largely from overseas influences. [More…]
The general structure of interest rates is, of course, a by-product of the forces at work in the economy. [More…]
Looking back to the early post-war years, one can see that disastrous damage was done to the Australian economy - this persisted for many years - by the policy of the Australian Labor Party at that time of forcing long term interest rates down to 34%. [More…]
In other words, they are a by-product of the operations of the economy, and any government which devotes its whole economic policy towards fixing interest rates at a certain level will get the economy into a great deal of trouble. [More…]
The Prime Minister may recall that, when he first took office, by question in this House I drew his attention to the widening of the gap in our economy between secondary and primary industry and asked whether he would cause investigations to be made with a view to giving primary industry by price support on exports the same financial advantage as that enjoyed by secondary industry through tariff protection. [More…]
There are existing pressures on the economy and on the labour market and it is the opinion of the Government that this is not the time to grant additional annual leave of 1 week. [More…]
According to that address, everything is well and the economy is strong. [More…]
That the critical situation of the rural economy both requires and justifies urgent and substantial Government financial assistance, [More…]
What these people do want is a policy which recognises the vital part that they have played in the Australian economy in past years and the equally vital role that they have to play in the future. [More…]
Both of these exercises are within the capacity of the Australian economy to finance. [More…]
What a lot could be done perhaps to re-adjust the balance of the Australian economy. [More…]
Further, the report says the CDC should be permitted and encouraged to be active in all sections of the economy. [More…]
The whole case for conscription in Australia rests on a single simple assertion by Sir Robert Menzies in 1964 that it was impossible to raise men in the required numbers in a full employment economy. [More…]
Today Australians are told that they have a very buoyant economy, that they are living in prosperous times and that they have full employment. [More…]
The indigenous farmers will take greater interest in their livestock, which will in turn give them greater purchasing power and assist the economy of the country. [More…]
Yet over the past decade, over this period of increasing support for Labor and increasing antagonism towards the Government, the Western Australian economy has been extremely buoyant. [More…]
I welcomed it on the ground of economy; I welcome it on the ground of efficiency; I welcome it, above all, on the ground that the very concept of Australian nationhood requires that the needs, the problems and the demands of Australians should be met on a national rather than on a fragmented basis. [More…]
As well as the prospect of increased economy and efficiency which would flow from national rather than fragmented control there is a further and perhaps overriding advantage to be gained from a fusion of responsibility with financial capacity. [More…]
This is very big loan money considering that it is being injected into the economy and that large proportions of the wheat are unsaleable. [More…]
Large sums of money are involved and the Government must act, in the interests of the economy, to put its house in order within the next 12 months. [More…]
I have merely taken the opportunity, in debating this Bill, to point out one of the unfortunate aspects directly relevant to the Bill now before the House, namely, the inflationary pressures that it increases upon the Australian economy. [More…]
It should also be clearly understood that wheat is one of the main props of the Australian economy. [More…]
Such a group should go into this whole question of Federal-State relations so that the question is not debated behind closed doors by Premiers who then go off and tell various stories to the Press but so that the whole of the Australian people may know what the facts are, what the issues are, what the taxation powers are and what particular taxation powers are necessary for the control of the economy, and what is a fair principle for the division of taxation. [More…]
The main emphasis of the debate falls on the domestic issues of the economy, namely, health, housing, primary industry, education and social welfare. [More…]
Another factor is the loss of output to the domestic economy from those called up to serve. [More…]
In the civilian economy premium pay is offered to attract workers to risky and odious tasks. [More…]
It can only serve to distort further the inequalities and injustices which conscription has brought within the Services and within the civilian economy. [More…]
Quite apart from the lack of instructors in the permanent Services and the lack of equipment and accommodation there is also the question of the effect on the economy. [More…]
I think it is justified, firstly because of the position rural exports have in the national economy. [More…]
That the critical situation of the rural economy both requires and justifies urgent and substantial Government financial assistance, and in applying this assistance the Government must aim for longterm strength, stability and independence of the rural community rather than attempt to deal with the present conditions by measures prompted by the desire for political popularity. [More…]
It is inconceivable to me that all of these attributes and qualities would be largely lost to the community by his having to take an unskilled job and I ask therefore that hand in hand with policies to enable efficient, able farmers to increase the scale of their operations should go provision for those who wish to leave the industry to be trained to continue to play a full and useful part in the economy. [More…]
To those who lament the subsidies and other forms of assistance which are being extended to the struggling farmers let me say that they are entitled to receive just compensation to offset the cost pressures which have arisen as a result of our growing economy - even if some of these resources are not necessarily being used for farm reconstruction programmes. [More…]
Does he suggest that the national income and expenditure statistics for the December quarter last, which were released on Tuesday, have convinced the Government that in the last week the economy has moved from a position of control to one of overheating? [More…]
The last quarterly return on national income statistics was of course one of the many factors taken into account in the general assessment of the economy. [More…]
But there was certainly more than sufficient information to enable the Board of the Reserve Bank to make a sound judgment on the condition of the economy as a whole. [More…]
The Treasurer spoke rather airily earlier this week about the economy being overheated. [More…]
The honourable member for Melbourne Ports was inclined to question my theme that the economy is now becoming overheated. [More…]
In these circumstances it is very difficult to see any easing of the current pressures on the economy. [More…]
For example, in the year to the December quarter 1969 the housing group of consumer prices rose by 5.5% compared with a rise in the index for the whole of the economy of 2.8%. [More…]
Of all the sectors under pressure - which is most of the economy outside the rural sector - the intensification of pressure almost reaches its height within the building industry. [More…]
Of course, we would rather see a more stable situation in the economy than further excessive increases in demand and cost and the inevitable development in the building industry of delays, bottlenecks and shortages. [More…]
This situation applies particularly to housing as well as to the economy in general. [More…]
That hidden cost will always be there unless the Government concentrates on keeping the economy growing not only fast but strongly in a balanced way. [More…]
If we allow money demands on the economy to increase unreasonably - and money demands are always increasing, particularly in the capital sector - by offering interest rates lower than the aggregate, the demand will be more than the economy can meet. [More…]
There is no real way in the present circumstances of bringing down home lending rates except by subsidy in one form or another without bringing considerable dangers into the economy at large. [More…]
These unrevealed secondary effects are frequently of great importance to our economy and to our export potential in particular. [More…]
While we are expanding our economy, we must see that we do not destroy our surroundings. [More…]
If, here in Australia, we can build a society that is secure and yet free; which encourages enterprise and yet gives social justice; which expands its economy yet preserves and improves its cultural and physical surroundings; if we can build such a society - and we can - we will become the wonder and the example of the world. [More…]
With an increase in their armed forces from 600,000 to over 1 million in a country with a population of 16 million it is only natural that severe strains have been placed on the economy. [More…]
This is in a society and in an economy where the average weekly earnings as at the September 1969 quarter was $72.80 per week. [More…]
The same problem applies in respect of geriatrics because once again, for exactly the same reasons - because of the changing society, because of the economy we live in and which is proposed, advocated and assisted by this Government - the wife and husband both work and cannot look after their elderly sick parents who require assistance. [More…]
We will need to do this to conserve foreign exchange because of the pace at which this Government is attacking and destroying the economy of Australia. [More…]
This expansion has had its effect on our general economy. [More…]
I want to turn this evening to a number of subjects dealing with the economy of this country, and more particularly with that of agricultural industries which are not enjoying the prosperity which is seen today in many of the big mineral areas and large cities. [More…]
The economy of this nation seems to have been directed to some extent by the big cities of Australia regardless of what might be happening to the producing areas, the areas which produce the real wealth of this nation. [More…]
It should not be said that it will upset the Australian economy, since an official estimate of the cost of the abolition of the means test in October 1967 showed that it would represent approximately 5c in the $1 on the Australian Budget at that time. [More…]
In fact, a pre-Senate election broadcast by a former Prime Minister stated that the escalation of national defence expenditure by over $700m since 1963 had not upset the Australian economy. [More…]
This is especially so if the structure of the social welfare programme is to penetrate into the heart of what is called the poverty environment and overcome want and deficiency, and to help people to lift themselves up and participate at a level in the economy which will give them self respect and adequacy. [More…]
The people realise, even if the State governments do not, that our progress and development, our standards of living and our prosperity depend on the stability of our economy. [More…]
It has already inflicted great damage and will undoubtedly bring about a political situation which will inevitably end in the destruction of a free enterprise democracy and impose on the people of Australia a Socialist economy with rabid centralism. [More…]
The workers in the secondary and tertiary spheres of our economy are not enjoying the increases in their standard of living which they deserve. [More…]
We find instead that we are living under a government which is attempting to control our economy by such means as the ineffectual use of interest rates. [More…]
Only 3 days later the overdraft rate, which governs other interest rates in our economy, went up still further. [More…]
He then creates a red herring by implying that it would be the policy of the Australian Labor Party to regulate interest rates by flooding the economy with money. [More…]
Mr Deputy Speaker, the only credible excuse used by the Treasurer for higher interest rates is the dampening down of what he calls the ‘overheated economy’. [More…]
Let me repeat quite clearly that this is no substitute for proper monetary and fiscal measures to regulate our economy. [More…]
Higher interest rates as a means of dampening the economy must be based on the proposition that the more expensive money becomes the more demand from borrowers will diminish. [More…]
But borrowers who live in a fully employed economy, where the demand for what they produce will not diminish despite higher interest charges, do not behave in this way. [More…]
In a fully employed economy interest charges are treated as costs and are passed on. [More…]
Here was a situation which cried out loudly for sophisticated economic policy and for a stimulus to a State economy which only the Commonwealth Government could give. [More…]
I refer to fairer shares of the growing economy and the ever increasing gross national product. [More…]
I ask: Without this what would be the state of our economy? [More…]
This is the only way to have a regulated economy. [More…]
The Government confers with representatives of various national organisations on a regular basis in order to keep itself informed of the views on developments in the economy of those who are actively engaged in commerce and industry. [More…]
What did he mean when, following 1967 Metal Trades Case, he said that the Conciliation and Arbitration Commission had sidestepped its responsibilities and that its decision to grant the union’s claim in that case could be a calamitous conclusion with lasting consequences for the economy. [More…]
As this proposal would result in significant saving in labour needed elsewhere in the national economy, would the honourable gentleman advise whether the Government has accepted the general conclusion of the committee that general reform is now due to the law relating to cheques? [More…]
The honourable member for Lalor said a good deal about the economy. [More…]
I trust the Government to look after the economy of this country and to keep it in a healthy state for the life of this Parliament, just as it has for the last 20 years. [More…]
It is distressing to see the situation which has developed in the parliamentary procedures of this country whereby Ministers work so assiduously to avoid informing the Australian public, as it is their elected responsibility to do, on what developments have taken place in the administration of important national matters such as health, the economy - which is most important of all - primary industry, defence and the other subjects which the honourable member for Lalor mentioned when speaking to the amendment which is before the House. [More…]
House Ministers have refused to report to the Parliament on the negotiations concerning Commonwealth and State finances, the national health scheme, the problems of productive marketing and reconstruction of primary industries, the state of the economy, the development of New Guinea and the failure of the Fill. [More…]
The next item is the alleged refusal of Ministers to report on the state of the economy. [More…]
The Governor-General dealt with the State of the economy. [More…]
On Tuesday 12th March the Leader of the Opposition asked the Treasurer a question which the reporters of Hansard - not I - have headed Australian Economy’. [More…]
Until yesterday 8 questions have been asked on the economy, 5 on New Guinea, 3 on the FU 1, 13 on primary industry and, in respect of Commonwealth-State finances, which gets first billing in the amendment, 1 has been asked. [More…]
For instance, the economy, which was in fine balance, suddenly became overheated. [More…]
It was found that it would be imprudent in the extreme for the new Treasurer to be let loose in an overheated economy, so he could not speak. [More…]
1 mention now the economy. [More…]
Again, none of the matters concerning the economy - the rise in interest rates which took place after the GovernorGeneral’s Speech, the rise in fees at universities, and the projected rise in petrol prices - can be the subject of debate in this House. [More…]
With this overheated economy that we are supposed to have we can expect a further increase in inflation which is going to drive out the relatively small producers and make it more and more difficult economically for them. [More…]
The next important matter dealt with by His Excellency and upon which I wish to say a few words is the state of the economy with particular emphasis on the expert primary industries. [More…]
But it cannot be said that the export primary industries are enjoying the level of prosperity that exists throughout the rest of the economy. [More…]
From my knowledge of the rural1 economy I would say that the Government’s decision to authorise and to guarantee the payment of $1.10 as a first payment on next season’s wheat up to a set quota, which all farmers should know shortly, is the factor which will turn rural recession, affecting not only the producer but all who depend on him, into a comparatively stable situation which will provide a basis upon which a gradual1 corrective policy can be implemented. [More…]
The Prime Minister’s reply was as follows: (it) The Government confers with representatives of various national organisations on a regular basis in order to keep itself informed of the views on developments in the economy of those who are actively engaged in commerce and industry. [More…]
I want to use this opportunity to look at some aspects of foreign investment and Government policy and to offer a few remarks for consideration because while the overseas capital we are receiving is far from overwhelming, it is a most important stimulus to the growth of the Australian economy. [More…]
Indeed, a major problem for government today is firstly to increase the labour supply and secondly to encourage the most efficient use of the existing work force into avenues of higher priority to our economy. [More…]
If the Australian economy has earned its income for the year and the people have lived off it, at, incidentally, a very high standard of living by world standards, there remains that amount of the national income which is available for investment. [More…]
So a responsible government, whether it is a negotiating party or whether it is considering general controls, will have to ask itself whether the economy really needs that particular industry for general investment before it makes the going too tough. [More…]
There are so many loopholes in our revenue laws that the Income Tax Act could conceivably be described as a horse and buggy Act in a jet age economy. [More…]
I think it is high time that the problem was overcome in this modern economy, this affluent economy, this economy in which there should not be any problems in respect of the connection of telephones which surely are a normal modern requirement. [More…]
We are being faced with a depopulation to the extent of 750 people approximately, and that is going to have a very severe and drastic effect upon the economy of Bendigo. [More…]
It ranks with some other government industries such as the Victorian Inland Meat Authority, the railway workshops and the ordnance factory, as enterprises which are vital to the maintenance of the population and economy of Bendigo. [More…]
This will have a pretty severe effect on our economy. [More…]
Almost every sector of the economy will be hit by the decision. [More…]
We are trying to increase the population to 100,000 people so that the economy can become self-generating. [More…]
Honourable members can imagine what effect the withdrawal of 750 people would have on the economy of Bendigo. [More…]
But that is not enough for us in Bendigo because we are determined that the Survey Regiment should be retained there, lt is vital to the economy of Bendigo. [More…]
If it is removed the city could lose 750 people and the economy of Bendigo could suffer a setback from which it might take several years to recover. [More…]
In view of the Treasurer’s statement that the economy has become overheated, what action does the Prime Minister propose to take in regard to the suggested increase in the price of petrol? [More…]
Does he agree that such an increase would reflect itself in other sectors of the economy and result in further overheating of the economy? [More…]
In reply to the first part of the question I would remind the honourable member that the Treasurer indicated not that the economy was overheated but was showing signs of moving in that direction and therefore the attention that was required and the action that was taken was an action that needed to be taken. [More…]
I ask the Treasurer a question supplementary to that asked by the Leader of the Opposition, ls it not a fact that increased prices are the real cause of the overheated economy, leading to inflationary trends and resulting in the inevitable reduction of the purchasing power of wages and salaries? [More…]
Wages and salaries are moving ahead very much faster than prices and this is the reason for what is called the overheating of the economy. [More…]
Is he aware that the Tasmanian fruit export season is getting into full stride and that any such action is a direct and irresponsible blow at the economy of the island State? [More…]
Over a 2-year period the average price of a block of land rose by 8.5% in our fast developing, highly employed economy. [More…]
There is a lack of regionalisation of services in this that wilt not allow economy of the facilities for the production and delivery of meals. [More…]
It is existing very well on the revenue from badge day collections, economy shops, waste paper collection and sales and the small subsidy from the South Australian Government. [More…]
I know his dilemma is that the defence budget has eaten the guts - pardon the expression but that is the truth - right out of the Australian economy. [More…]
Following the remarkable recovery of the Indonesian economy during the past 3 years it also shows the Government’s confidence that assistance is being used effectively to promote economic development. [More…]
In 1966 the Suharto Government inherited an economy that was in great difficulties externally, with strong internal inflation and a declining productive sector. [More…]
Credit for this dramatic improvement in the economy must be given to the sound policies of the Indonesian Government. [More…]
Nevertheless we should now applaud the fact that whatever the amount may be - it will not make a great difference to Indonesia’s economy - at least it will be known 3 years ahead and in good time. [More…]
In a year or two they will be conveniently forgotten and the consequent stagflation of the economy is advanced as a specious argument for international aid. [More…]
Any interruption to the flow of these supplies, which consist of oil from the Middle East and Indonesia, rubber from Malaysia, and metal ores, wool, coal and wood chips from Australia, would be quite crippling to the Japanese economy and intolerable to the Japanese Government. [More…]
If increases in the minimum or other wages are to contribute to raising the standard of living, and in this wages are only one element though an important one, the increases must be within the capacity of the economy to support. [More…]
To guard against this possibility, will he give an assurance that in future the Government will not attempt to unduly influence the Commission by (a) issuing economy statements which could have that effect, (b) using the term ‘in the public interest which may be taken in a misleading way and (c) regarding impending decisions of the Commission as having a detrimental effect on the economy which may he taken to imply that the Government is opposed to an increase compatible with the cases presented by employee organisations. [More…]
The Government will continue to discharge Its responsibility by issuing such statements about the economy and other matters as it considers are warranted. [More…]
1 think that the honourable member perhaps will bear in mind also that, though this is not to be regarded as an answer to the problems that were raised - and answers are not easy to find, as he would know - at least the Government has brought to the attention of the Reserve Bank the fact that there is no overheating whatsoever in the rural sector of the economy, that there is a lack of demand there and that, therefore, that area should be treated in regard to interest rates in the way which will not add to any economic demand and will not add to any burdens on people who are at the moment in such a difficult situation. [More…]
This loss inevitably will lead to a very considerable increase in the price of the products when production is resumed, and that increase will be harmful to the economy. [More…]
I would hope that all unions making wage claims would follow the pattern of negotiation and, failing negotiation, then arbitration and that there should be no recourse to direct strike action which can only be harmful to the economy. [More…]
This is of enormous assistance both to our defence and to our economy and, I think, is a monument to the wisdom of the assistance provided in order to enable oil to be discovered. [More…]
More than this, if one applies the multiplying theory of economics - that is to suggest $1 of minimum activity leads to $3 of total activity - it is not hard to calculate the volume of money to be injected into the Victorian economy. [More…]
When the Mallee district started to grow more wheat than the famous Wimmera plains and when the Chaffey brothers established the great dried fruits industry at Sunraysia, Mildura, it became vital to the economy of Australia. [More…]
To furnish advice on business matters of common interest to the three Services or important subjects on which the collective opinion of the Board is desired from the business aspect with a view to promoting efficiency and economy in the execution of the Defence Programme. [More…]
The concern that I have about direct negotiation is the degree to which powerful unions in an industrial sense are able to use the threat of strike action to coerce employers to give wage increases beyond the capacity of the economy to pay and in advance of the development of productivity. [More…]
In 1958, that is 12 years ago, the Commonwealth lifted its subsidy to $2 a day and, exhausted by this feat, it has made no effort to improve on that performance, in spite of the fact that hospital costs have increased at a rapid rate since that date - indeed, much more rapidly than has any average cost of living index used by the Bureau of Census and Statistics to gauge overall movements in the economy. [More…]
Structural panels cannot be used with maximum economy because building codes still specify studs of the size and nature required by traditional construction techniques. [More…]
Restrictive building codes are estimated to have cost the Australian economy $53m in 1967-68. [More…]
Much has been said of late regarding the variety of interest rates applicable today to certain sectors of the Australian economy, lt should be known that despite the relatively high level of interest charged today on loans of all types, interest rates in Australia remain low compared with those in most other countries, despite allegations to the contrary from the Opposition benches. [More…]
To suggest, as has been done, that interest rates, as charged by the main suppliers of housing finance throughout the economy, are unfairly heavy is to overlook the importance of maintaining an adequate flow of savings into housing and of keeping a curb on inflationary pressures. [More…]
Now, of course, this Government is concerned, as a matter of basic policy and philosophy, not only to keep the economy growing strongly but to keep this growth balanced and to ensure that it applies to the whole community, not the least part of which is the home owner and the capacity of all Australians to become such home owners. [More…]
Basically, in a fully employed economy additional resources can only be devoted to housing if less are applied elsewhere. [More…]
According to the Government we should just sit back and say that this is the free enterprise economy coming into effect and nothing can be done about it. [More…]
On the other hand the Opposition has chosen again to throw down the gauntlet to this Government, alleging that it has failed to find the resources for homes; that it has failed to grapple with the problem of rising land costs; that it has failed to produce a solution to what is an inescapable situation in a growing economy. [More…]
I believe that the refusal to do so shows a pathetic lack of appreciation of the importance of north Queensland areas to the economy of Australia. [More…]
It means that the States have to adopt a Las Vegas, lollypop type of economy merely to keep nurses employed. [More…]
Indonesia should continue to consolidate its economy by its own effort and with our assistance. [More…]
According to the publication Credit Unions and the Economy’ by B. [More…]
There is no doubt that in the next several years the problems of the wool industry in particular will be highly significant to the progress of the Australian economy. [More…]
This is why we have taken, the opportunity not to give so much attention to the little benefit that the Bill will provide but to try to draw the attention of the House to the serious nature of the problems that are now upon us and the impact that existing and prevailing systems of taxation - both income tax and estate and probate duties - have upon us and to suggest why a measure as small as this, even though it may concede benefits somewhere, is still not fundamentally facing up to the critical problems of the agricultural, primary or rural sections of the community which are still important for their own sakes, for the sakes of the people who live in them and for the sake of the future expansion of the Australian economy. [More…]
Does this diseconomy of scale apply in other industries? [More…]
We must remember that agriculturally - indeed, so far as the whole economy is concerned - we are in a dynamic situation, not a static one. [More…]
In the meantime, as 1 said at the start of my speech, this measure is a clear indication that the Government realises that primary producers are operating under peculiar disabilities in a rapidly expanding industrial economy. [More…]
All thinking people know of the fundamental contribution of primary producers to the building up of the economy of this country in the past and their basic contribution to the character of Australian life, both of which continue today. [More…]
If I may say so without any sense of disrespect to honourable gentlemen on both sides of the House, it has tended to cover the general position of the rural sector of the economy and the whole gamut of the difficulties faced by that sector for reasons well known to honourable gentlemen. [More…]
The honourable gentleman will remember that, as the first Commonwealth Minister for Housing, he set out to convince the Government of that day that in view of the high social priority of the housing sector the Government should not use that sector in order to control the rest of the economy. [More…]
I ask him: Will the recent restrictions on finance and interest rates affect the housing sector to a greater extent than most other sectors of the economy? [More…]
It extends public participation within the market economy. [More…]
So in 1970 we must remain concerned to see that the waterways which play such a vital role in giving us the means of maintaining a flourishing economy and high standard of living are secure for free trade and movement and protected from international pirating and lawlessness. [More…]
This man is working in the Australian economy. [More…]
The rural industries made substantial contributions to the war effort of 1939-45. lt was apparent when this Government came to power at the end of 1949 that something had to be done because the economy depended so tremendously on export income, 90% of which was provided by the rural industries. [More…]
This is because the results of research may take many years to make an economic impact, the benefits are likely to be diffused throughout the economy, and the full economic impact of a given discovery can be related to the extent to which this is exploited in the process of commercial innovation. [More…]
This survey will cover all sectors of the economy. [More…]
Over the period since the scheme was introduced there had been some changes in the economy. [More…]
If there is an oil strike what can this mean in terms of dollars to Queensland and to the economy of Australia? [More…]
It is, however, a basic feature of our developing economy that, as the gross national product increases, so do our import requirements to sustain our industries and meet consumer needs. [More…]
During this period Cambodia was certainly a country with a sluggish economy and of comparatively modest expectations and aspirations. [More…]
This will bring in its turn all the paraphernalia of the Indo-China war - a propped up military regime, a war economy, inflation, corruption, dislocation of social life, thousands of refugees and immeasurable human suffering. [More…]
Would such a practice mean that there would be no alteration to the level of liquidity or to the levels of demand for building materials and services, which the Treasurer has indicated he is concerned about, but in fact would merely mean that persons who have negotiated loans and have on the basis of those loans built and occupied homes would have to pay over an extended period several thousand dollars in order to meet the increased interest rates without there being any short term effect on the economy? [More…]
Does this not mean that the Government is using the housing sector to control inflationary tendencies elsewhere in the economy and that this is in complete contradiction to the policies advocated by the honorable gentleman when he was the Minister for Housing? [More…]
The policy applies to the whole economy and the building sector is no exception. [More…]
It so happens that the building industry is one of the sectors within the economy where inflationary tendencies have appeared strongly. [More…]
This describes the building industry as one of those sectors of the economy which are most subject to inflationary tendencies. [More…]
Does this not verify the allegation that the Government is using the housing industry to control inflationary tendencies elsewhere in the economy in complete defiance of the views expressed by the Treasurer when he was Minister for Housing? [More…]
I thought I had already indicated that any measures for which the Government takes responsibility have been directed so far towards the economy as a whole and not specially towards the housing industry which has been affected, as other industries have, with the application of these measures. [More…]
We know what is happening in the economy today. [More…]
Not only does the health of a nation reflect within the family unit and the individual; it reflects also right throughout the economy of the nation. [More…]
I am sure that the honourable member for Wilmot (Mr Duthie) can well remember the time when the former member for Parkes was in this Parliament and spoke about 5% of unemployment being an acceptable level of unemployment in an economy. [More…]
Again we hear no criticisms from him about the way in which the economy is being handled at the present time - the ludicrous policy of applying monetary controls to handle the economy in which the problems are really deep-seated structural ones and therefore call for much more far-reaching and profound measures than are being proposed by the Government. [More…]
If he does not understand the implications of profound economic policy at least be could speak out on behalf of the battling young home seeker in the Australian community who is being asked to bear the brunt of the economic policy of the Government at the present time because it is quite clear that the home building industry is the industry used as the economic regulator in the Australian economy. [More…]
Thirdly, the Australian Country Party realises - and I am sure the whole Government does - the impact of local government rates on the rural economy. [More…]
Australia in the last decade in its economy must be likened to the arthritic who does not want to be found out so he wears a neon sign that says: ‘1 am fit. [More…]
Nevertheless measures such as these give us the opportunity to exam ne the impact of Government finance on the economy. [More…]
It will be seen therefore that government is very big business in terms of total activity in the economy. [More…]
I th think that it is a bit doubtful these days whether the Budget balances the economy or whether, in the final analysis, the economy balances the Budget. [More…]
I wish to say something this afternoon about what, for want of a better term, might be called the state of the economy. [More…]
I must say that 1 find myself in substantial fundamental disagreement with some of the measures that have been taken recently supposedly to guide the economy. [More…]
It seems to me that one of the difficulties in the Australian economy has been that the short term rates of interest have been too high and too close to what the long term rates of interest are. [More…]
I believe that this flexibility is necessary in the Australian economy to manage the national debt. [More…]
that Conference and he entitled it ‘The Domestic Economy’. [More…]
The Treasurer at least acknowledges that when be does put monetary restraint upon the economy via the interest rate, to some extent there is a large section that is outside that restraint. [More…]
At the same time, we believe strongly that they are necessary, but by themselves insufficient, for achieving and maintaining high standards of performance in our economy. [More…]
As the Treasurer quite clearly underlined in his address to the Australian Finance Conference, monetary policy does not have the same impact on the total economy that it used to have. [More…]
Therefore if it is to have any effectiveness it has to be rather brutally and crudely applied to that part of the economy which it can affect. [More…]
I am disturbed to some extent about the analyses that are made of the total trend in the economy. [More…]
In an economy where, according to the statistics, the majority of people are wage earners, how can the wage earner obtain his proper share of increased productivity, if prices do not fall - and it would be odd to find prices that have fallen in the Australian economy in recent years - unless his wage increases year by year at a minimum of, say, 64% to 7%. [More…]
I have taken this opportunity to explain and expatiate on certain aspects of the economy. [More…]
In a year or two they will be conveniently forgotten and the consequent stagnation of the economy is advanced as a specious argument for international aid. [More…]
The task of our monetary authorities in keeping the economy on an even keel so that orderly and rapid expansion of the Australian economy can proceed without interruption is one of extraordinary complexity and difficulty, lt is subject to so many forces beyond prediction or even domestic control that it requires skill, experience and judgment of the highest order. [More…]
We live in a fully employed economy without any appreciable reservoir of labour and resources which are not already actively employed. [More…]
However, we do know now from practical experience that we already have the labour a’nd resources to construct upwards of 110,000 dwelling units per annum without undue strain on the rest of the economy. [More…]
Irrespective of how one looks at a tariff and the various economic measures which have been utilised some sector of the economy gets hurt because directly and indirectly increases are caused in production costs or marketing costs. [More…]
Over-use of tariff or improper use of tariff through the protection of inefficient use of resources can frequently lead to a serious imbalance in the economy. [More…]
It transfers resources from efficient industries in terms of resource use to inefficient industries which under a free economy or a laissez-faire economy could not possibly survive or which with even a low level of protection could not survive. [More…]
But what they do not take into account is the effect of the tariff on secondary industry and how that can be measured in quantitative terms, both directly through increased costs and indirectly through the flow of the first prime movement through the economy. [More…]
The apparent indifference displayed by the community to the cost problem which is undermining the economy of the export primary industries is based more on ignorance than on any degree of intent. [More…]
As I have said, we should keep in mind the contribution that export primary industries make to the economy of Australia. [More…]
The absurd situation which sees a Federal Government giving every encouragement to the growth of manufacturing interests and foreign controlled mineral development to the neglect and at the expense of the primary sector must be changed to allow at least a balanced economy. [More…]
One has only to look at the published figures to see clearly that the stagnant sector of our economy today is the rural sector. [More…]
But there is more to this than economy and efficiency. [More…]
The oft repeated praise by honourable members opposite of the United Kingdom scheme and its socialised base leaves the strong impression that socialised medical services would duly follow socialised insurance in the name of alleged economy and equity. [More…]
E people in country areas who still say that kangaroos are an absolute menace not only to their properties but also to the economy. [More…]
To act precipitately in this field would be an act of sheer irresponsibility not only because of the issue of the damage that kangaroos may or may not do to our economy, but also because we must remember that at the moment over Sim a year is gained in this way from export income. [More…]
As the honourable member will have noticed, measures have been taken recently to endeavour to curb this inflation and to restore the economy to greater stability. [More…]
If Australia in the years ahead is to strengthen its internal economy and play its part in world economy it has to diversify its export trade. [More…]
If one reads - as I think one has to these days - something about the structure of the Japanese economy, one sees that there is not any doubt that the Ministry of Trade in that country plays a very much stronger role in co-ordinating the activities of its importers than does the Australian Department of Trade and Industry in coordinating the activities of our exporters. [More…]
But if Australia is to survive as an expanding economy this is the way in which our trade must improve in the years ahead. [More…]
The decision as to when that principle is involved requires the active consideration of all who are resolved to maintain a private enterprise economy; all who really believe in allowing individuals freedom to live and work as they wish; all who strive to create a climate for the encouragement of initiative and resourcefulness, leading to productive efficiency, high output and a fair share of the nation’s wealth. [More…]
I believe that the broad economic practice of resource allocation in our free private enterprise economy has proved the best for the community of Australians. [More…]
The Australian taxpayer is subsidising the economy of Papua and New Guinea and Australian manufacturers and commercial houses should be operating in that area on equal terms with Japan, Germany and other countries. [More…]
As the honourable member for Melbourne Ports (Mr Crean) said, the stimulus to the economy in Papua and New Guinea resulting from the copper find at Bougainville, certainly will mean that capital goods will be required in ever increasing amounts. [More…]
I venture to say that in the next decade Australia’s economy will depend very much on the success of measures of this kind. [More…]
Unless we are able to strengthen our economy in the face of very stiff world competition then we will be the poorer. [More…]
This can be achieved only if we Have buoyancy in our general economy. [More…]
Thus, the operation of the nationalised industries, with an unduly low rate of return on capital is sooner or later damaging to the economy as a whole. [More…]
Of all the power stations developed in this country in recent years this one is concerned rather preeminently with 2 of the vital supports of the Australian economy. [More…]
No American industries or jobs would be involved in rejecting such an arrangement; it could be done by Congress as a painless economy. [More…]
I doubt whether Australia, as an operative economy, would have been any worse off if it were using pounds, shillings and pence instead of dollars and cents. [More…]
Considerable planning and co-ordination undoubtedly will be required so that each sector within the community, as it becomes ready to do so, will move over to the new metric system from the old imperial system gradually and in line with and related to other sectors of the economy. [More…]
However some indication of the economy of the proposal is given by the fact that the additional water will be made available for a capital cost of approximately $30 per acre foot of additional water per annum, which is very low by present-day Australian standards. [More…]
If this is so, will the Prime Minister advise the leaders of the other Parties participating in the State elections of this fact so that all Parties can assess properly the financial state of the Victorian economy? [More…]
Senator Willesee quite accurately forecast that 1 would have something to say about the cost that such a change would impose on the Australian economy. [More…]
If they do, they should think very carefully about the effect this would have on the economy and efficiency of national and parliamentary administration. [More…]
When we talk of our economy we express it in thousands of millions of dollars. [More…]
So far as the general implication in the honourable gentleman’s question relative to the economic effects of migration is concerned, I would have thought that there would be no doubt on either side of this House in respect of the long term effect of migration that migration has had and continues to have a quite massive effect upon the Australian economy. [More…]
This economy would not have enjoyed the buoyancy which it has seen in recent years without the effect of that contribution. [More…]
The difficulties in operating these ships are such that there is, as I understand it at the moment, only one trade in the world currently served by a similar vessel and the nature of the operation consequently in terms of its efficiency and economy cannot be firmly established. [More…]
The whole economy of these regions is adversely affected. [More…]
It is, however, a basic feature of our developing economy that, as the gross national product increases, so do our import requirements to sustain our industries and meet consumer needs. [More…]
But if this is so the requirement of the Australian economy for imports will rise even more rapidly if the events of the last 20 years are repeated. [More…]
We have then to take on trust the amount of money the foreign owned Corporations can take from Australia; the influence they can have in the Australian economy; the effect of their industrial policy on labour relations; the tendency they have - I think it is true - to aggravate labour relations, to create problems of stoppages and so forth because decisions are made not here in Sydney or Melbourne but in New York, Detroit or somewhere else and tohellwithMelbourneorSydneywhatarethey. [More…]
Any institution that is set up derives from some important principles when it is established to operate in what is a private enterprise economy. [More…]
So this institution has also to depend on private enterprise economy and it has to operate under those circumstances. [More…]
Secondly I would have liked this institution to have operated under similar circumstances to those under which comparable institutions operate within the economy. [More…]
I think that any Government-backed corporation or institution operating within the economy should operate on certain principles. [More…]
Australia has depended on its trade and its external trading relations as a vital engine to its economy more than many other countries have. [More…]
Twenty-three years ago the late Joseph Benedict Chifley rose in this House to introduce legislation providing for wide ranging involvement by the Commonwealth Government in the finance sector of the Australian economy. [More…]
In fact what we stood for and what I stood for was political non-alignment to achieve a better deal for the farmer through the Government^ involvement in the economy, if necessary. [More…]
In short, it is important that we be able to evaluate whether the money goes to the heavily protected or the lightly protected parts of the Australian economy, that is, whether the money goes to the efficient or inefficient. [More…]
Tn spite of the high cost structure, at any rate in comparison with most new countries, and in spite of a tariff war, both of which have made the position of export based industries somewhat critical, the economy of this country has continued by and large to expand and produce proper facilities and proper services for the people of Australia. [More…]
This is one weakness that one could perhaps look at and be mildly suspicious of in terms of the future of this very healthy economy in Australia at this time. [More…]
Whether we can improve our export earnings depends on many factors, not the least of which will be the capacity of the Corporation to bring some economy of scale into our manufacturing enterprises. [More…]
It has been given mainly for the reason that if they can develop new markets they should be able to produce an economy of scale by virtue of low unit cost. [More…]
This Government has ignored the question of investment priorities and, worse still, it has allowed its control over the Australian economy to deteriorate. [More…]
There is also a record adverse trading balance in what, is still the world’s mightiest economy. [More…]
Finance is government, and any government which lacks the power to control fully its national economy has sown the seeds of its own destruction and risks a major national economic catastrophe. [More…]
Inheriting a stable economy from the Chifley Administration, with the Australian 1 at its highest prestige in history, this Government has allowed every form of fringe and black market banking to run riot in its economy. [More…]
From my readings, I find that very little has been said by the Treasury regarding this subject; whereas we on this side of the House believe that the Treasury is one of the watchdog departments so far as the economic stability of the economy is concerned. [More…]
I ask the Treasurer: With a view to allaying unnecessary concern and speculation on the state of the Australian economy will he say how long he expects the present relatively illiquid state of the economy to continue? [More…]
The normal pattern thereafter is that as soon as tax refunds begin, just after the close of the financial year, over the following few months, up to $400m is pumped back into the economy. [More…]
If the Minister agrees with me that the only effective way to prevent rising land prices for urban development in a free enterprise system is for the Government to buy all the land, can he give a firm indication that no such Socialistic intrusion into our free economy is intended? [More…]
Such action would have a tremendous effect on the economy as a whole. [More…]
That would be most dangerous not only to a particular union or a particular section of the community but to the Government and our economy as a whole. [More…]
The other 10%, unfortunately for Australia, has managed to take over most of the growth industries within our economy, and therefore has a position in our economy far in advance of the actual investments which have been made. [More…]
I trust that the Board of Directors of the Corporation will be sufficiently independent of mind to avoid the political restrictions and constrictions which the conservative Treasury will endeavour to apply in order to prevent the Corporation from having any major influence within the economy. [More…]
We tend, as a Parliament, to ignore the problems which are being created by some of the social costs associated with the operations of our national economy. [More…]
In that respect the Bill appears to do nothing really to break the stranglehold that the multi-national corporations already have on the Australian economy. [More…]
It is clear that there is a role for government initiatives in our economy and this cannot be hamstrung by the pitiful remnants of social Darwinism. [More…]
It is clear that despite some promising developments there is a role for a single major concentration of entrepreneurial capital which can direct the flow of funds to the growth points in the economy. [More…]
The role of the Corporation in ensuring that some of the key growth points in the economy remain in Australian hands is crucial. [More…]
Other honourable members have pointed out some facts about the extent of foreign ownership in certain key areas of our economy. [More…]
AIDC will cease to have the required overseas support and any resultant nationalisation of it will be of far less significance than the mammoth disruption that will shake our economy when the ALP nationalises the trading banks and their subsidiaries - and any other source of credit for that matter. [More…]
Of course, the significant and strategic thing so far as the Australian economy is concerned is the tendency for the majority of that net capital inflow to go into what is called all other private capital expenditure. [More…]
Honourable members should look at the figures for the industrial development corporation in South Africa, whose economy is at a much lower level than ours in terms of the gross national product. [More…]
The advances through those organisations in Japan and South Africa are for different purposes, according to the nature of the economy concerned. [More…]
The Minister for Trade and Industry said something of that kind in the course of his speech, that what was good for General Motors-Holden’s Pty Ltd was not necessarily good for Australia - and reconciling the two is an important role ot government in the modern free enterprise economy. [More…]
For the economy as a whole this is a distinct case of misallocation of resources. [More…]
But we also believe that the private trading banks have a vital part to play in the Australian banking system and the Australian economy; and there can be no doubt either that the great majority of Australian people believe this too. [More…]
It is a good one and cannot be lightly changed without severe damage to the whole of the economy. [More…]
Competition is an essential ingredient of any free enterprise economy. [More…]
Has it not established one of the finest records for safety, service and economy? [More…]
I hope before very long the people of Australia will realise that we cannot have a national spirit and that we cannot be anything else but a colony if we permit decisions about the destiny of large areas of the economy of the country to be made in the board rooms of Detroit, London, West Germany and Zurich. [More…]
It one looks at the change in the structure of our economy in 1970 and sees the changing demands both in terms of future investment and the areas from which investment can be generated, I think one will appreciate the purpose for which this Australian Industry Development Commission has been constituted. [More…]
A moment ago the honourable member for Wills gave quite a burst on the extent to which he felt this instrument could be used to further the aims of Socialism by the introduction of Government funds as direct investments in sectors of the economy through following the considered policies of a government. [More…]
This should, of course, help to stabilise costs generally in our economy. [More…]
The interpretation I am prepared to put upon the word in the amendment is that it would not bc limited in the context of monetary policies only to those expressed in the Government’s Budget transactions but that it would include total monetary policies directed to the wellbeing of the whole Australian economy. [More…]
I refer to the recent measures taken by the Government to curb the overheating of the economy. [More…]
I ask the Treasurer whether he considers that the employment figures recently released by the Department of Labour and National Service indicate that the inflationary pressures on the Australian economy appear to be levelling out. [More…]
He answered me with a discourse on what he called the seasonal ‘illiquidity’ of the Australian economy. [More…]
I believe that as soon as possible a highly qualified medical practitioner, skilled and trained in forensic medicine, should be offered a salary attractive enough for him to dedicate himself to this position so that the citizens of Newcastle will be lifted to a higher grade and one worthy of the important part they play in the development and the economy of the nation. [More…]
We should never forget that the great prosperity enjoyed by the bulk of Australians has been due in a large measure to the contributions made to the economy as a whole by the wool industry. [More…]
No one could possibly assert that the development of our economy achieved to date would have been attained without wool providing much of the wherewithal for the imports of essential materials and equipment. [More…]
As well as its continuing prominent role in Australia’s export trade, wool growing is an essential component of the rural sector of the economy. [More…]
The Government fully recognises the significance of the woolgrowing industry not only as an export income earner but also as a vital factor in the economy of the rural areas. [More…]
The wages that are paid to the Australians in consequence of digging either the ore or gold goes into part of the expansion of the economy of Australia. [More…]
What is earned by the export of gold or iron ore, or any other product, in turn enables Australia to import something else that we are not able to develop for ourselves by reason of the stage of our economy. [More…]
In the case of changes of schedule, was any reduction made by any of the airlines in either the economy or first class fare for passengers who were expected to fly between 12 midnight and 6 a.m. on the altered schedules. [More…]
Must not the Government’s neglect seriously aggravate inequality of educational Opportunity to the special disadvantage of less well off families and also impair the flow of skill so sorely needed in the Australian economy? [More…]
One of the advantages that I hope will come from the building of this railway is that it will attract light industries to Whyalla which are capable of employing women and so give the whole area, which is after all in a bit of an isolated pocket of South Australia, a more balanced economy, lt would certainly help to make people in the area more contented, which makes for the building of a better community. [More…]
I refer of course to the abandonment of the Chowilla project which, if continued, would have seen the injection into the economy of South Australia of an estimated $65m. [More…]
The growth of the economy and the Public Service, the multiplication of interest groups, the new pattern of industrial, agricultural and social relations have been attended by a petrified parliamentary structure. [More…]
This would of course, be quite insupportable and would take control of the Budget and of the country’s economy out of the hands of the Government, should it occur. [More…]
Priority should be given to proven and established areas because the infrastructure and the economy are there. [More…]
The sugar industry is one in which all sections play their part in ensuring that the maximum economy is maintained in the production of sugar. [More…]
earning export income to buy the raw material that keeps the factories going and in fact makes the whole of the economy tick. [More…]
If we continue to bolster declining industries’ and not to develop economic industries, the economy must to that extent be weakened. [More…]
If we waste money in this way, we shall not be able to build a strong economy. [More…]
If we are to establish a firm economy it must be done on the basis of secondary industries, and education and science have an enormous part to play in this. [More…]
A high degree of economy inherent in expansion of production above existing neales since it would result from: more intensive use of existing lands: . [More…]
On the other hand, when wage increases are made overall in our mixed economy something like 4 out of 5 of the increases are paid by private employers who are able to pass it on in prices or who have some other way of doing it. [More…]
At the same time there is a degenerating average price being paid to the producers and we can see the rising costs spreading at an increasing rate throughout the economy of Australia. [More…]
But it would seem that the growing influence of Japanese policies on the viability of the Australian economy must be given pretty careful consideration because almost every industry is trying now to break into the Japanese market in a major way. [More…]
Many people in the dairy industry have resented being treated in a cavalier and a casual fashion when in fact, they have made a major contribution to the economy of the country. [More…]
Not only the future prosperity of primary industry is at stake but, for the reasons I have just mentioned, the soundness of the Australian economy itself is also directly involved. [More…]
In the meantime 1 have much pleasure in supporting this Bill and welcoming it as a constructive effort to deal with the rapidly developing problems of primary industry which finds itself competing for resources in a rapidly developing industrial economy. [More…]
Before the last meeting of the Standing Committee of Attorneys-General it became borne in upon me that any reduction by legislation of the age of legal responsibility in any field of activity - for instance, the field of contractual activity or the field of proprietary rights - would give rise inevitably to pressures for similar action in other fields in which the Commonwealth Government has a vital interest, for example, the voting age, the operation of industrial awards with the consequential effect of such operation on the economy, and the age for marrying without parental consent. [More…]
It was recognised that, if there were a substantial revenue loss and no replacement tax were introduced, the inflationary effects on the economy would be severe. [More…]
Before proceeding to outline the contents of the legislation, I feel I must strongly emphasise the importance, particularly in view of existing demand pressures in the economy, of ensuring that there is not at this stage any substantial loss in budgeted revenue collections such as would occur if the Commonwealth did not legislate on the basis requested by the States. [More…]
When one considers the contribution which the wheat, wool, beef, dairy and sugar industries have made to this nation’s economy in terms of export income and in terms of decentralisation it is always necessary to understand that, despite the great potential of mineral development, for a very long time we will have to rely on rural exports to balance the books, taking into account current account and invisibles, to allow a high level of imports to be maintained. [More…]
In the countryside at the moment, a great deal of complaint has been made about the state of the rural economy. [More…]
But the state of the rural economy and, of course, the hardships being suffered are attributable directly to the decisions of government. [More…]
that, a considerable amount of money which the farmers have contributed to the economy in the past. [More…]
The argument runs something like this: He has subsidised the economy in the past, therefore it is he who should receive most of the subsidy from the Government in the future. [More…]
I am satisfied when we are talking about the wheat industry and other matters of importance to the economy of Australia to refer to what is reported in the Hansard of the Commonwealth Parliament. [More…]
It has a great decentralising influence on this country; a tremendous number of people in country towns depend upon it both directly and indirectly for a living; and has been of great benefit to the economy of this country in earning income from exports. [More…]
If so, and in the light of growing public concern at the growing power of business giants in the national economy, will he give consideration to compiling more information so that the results and the significance of the growth of big business will be more readily available. [More…]
In such a condition 1 have no doubt whatever that there would be stratification of incomes not dependent on skill or social desirability but dependent only upon the possession of naked industrial power and I think that would be against the interests of our society and our economy. [More…]
Ii one looked at the economy and suggested that all authorities and people who spend money or who have any public responsibilities should increase their outlay per annum at a rate greater than those I have mentioned, one would find that public finance difficulties would very shortly be extreme. [More…]
These grants have been in the recent past paid on the basis of a formula which virtually ensures that year by year they will increase at a faster rate than the economy as a whole increases. [More…]
After all, in the face of the inflationary state of the economy it is just as much the expectation and the right of the serving members of the forces, including the junior members of the forces, to receive increased benefits as it is of such people as airline pilots, university academics and others. [More…]
The survey will embrace all parts of the economy, and will be divided into four principal sectors: government (Commonwealth and the States), business, higher education and private non-profit organisations. [More…]
They may be patients with bad eyes, bad feet or bad hearts or they may be people buying goods and services in some other category of the economy. [More…]
As the strength of the economy gathers, as it does because of natural growth factors and so on, it will be possible for more and more of these services to be absorbed by the economy and by this scheme. [More…]
I must repeat that very careful consideration was given to the future of the Snowy Mountains Hydro-electric Authority and because of its special work and special skills and the part it has played in the national economy the Government felt there was a part for the Authority to continue to play in the field once the major construction work had been completed in the Snowy area. [More…]
The importance of the wool industry is hard to measure in terms of the economy. [More…]
One of the most difficult things is to convince the critics of the wool industry the importance of that industry to the economy of Australia. [More…]
In fact, evidence to hand suggests that the Japanese economy is booming. [More…]
I suppose it could be compared to the Australian economy. [More…]
One of the largest components of the cost of shearing is wages and clearly it is unrealistic to expect that shearing industry wages will increase at a slower rate than that of the rest of the economy. [More…]
These figures, as 1 said earlier, demonstrate the seriousness and the urgency of the problem facing wool growers, the Government, the economy and, in fact, the whole of Australia. [More…]
But wool growers should be placed in brackets and some attention should bc paid to the interests of the national economy. [More…]
Nobody on this side of the House wants to see the wool industry run down because everybody on this side of the House recognises the value of the wool industry lo the national economy generally. [More…]
They must do what is in the best interests of the national economy. [More…]
So we would be justified in saying that the $27m that the wool industry is receiving in this form is a proper return for having carried a large section of the economy on its back for some time. [More…]
At a time of dynamic growth in the economy generally the wool grower has been caught in a vice-like squeeze of falling prices and inflating costs.- Solutions to his problems will not be found by chance. [More…]
Protective measures do nothing to assist, and in the longer term retard the adjustments which would permit those remaining in rural industry to approximate returns on resources, labour and capital earned in the economy generally. [More…]
Treating the symptoms instead of diagnosing the disease will deny opportunities for policy formation in the interests of the wool industry and the economy in general. [More…]
I ask the Minister for Labour and National Service whether the Government regards the engineering profession as vitally important to the national economy. [More…]
It is important for the economy of Tasmania that the mining, forestry and fishing sections of the west coast should receive all possible assistance to allow for efficient utilisation of their assets and to give sufficient incentive to continue opening up this area. [More…]
Honourable members now realise that something important to our economy has been going on for years. [More…]
It realised that if the general cost structure within the whole economy got out of kilter with that in the countries to which it exported it would have to pay the price of excess costs caused by high tariffs. [More…]
Even the Associated Chambers of Manufactures of Australia, that high tariff lobby, now realises that manufacturers have to expand into the export market if they are to be a viable group and, indeed, if the Australian economy is to be viable. [More…]
The producing industries stressed their importance to the economy in terms of employment, funds employed and value of production with particular emphasis on the high value of production per employee in man-made fibre extrusion compared with Australian manufacturing industry generally. [More…]
The Australian Labor Party believes in a high standard of living, full employment, an expanding economy and a continuation of the immigration programme, lt is the Labor Party’s belief also that workers are entitled to good conditions, long service leave, annual holidays and adequate wages. [More…]
The pressures of our development are reflected throughout our economy. [More…]
As the honourable member said, a much greater awareness exists of the importance of tariffs in influencing the cost structure in the Australian economy by directly increasing the price of goods to consumers and, more importantly, because of the pervasive influence of excessive tariff protection throughout the economy. [More…]
After all, he is the Minister in charge of the Tariff and responsible for policy making in respect of the Tariff, which is one of the most important influences in the economy today; but the appearances of the Minister in the Parliament are becoming less and less frequent, particularly on the subject of the Tariff. [More…]
After the depression we had only a few manufacturing industries affected by the Tariff, which did not make much of an impact on the economy of Australia. [More…]
As costs go up and world prices go down it is only to be expected that important sectors of the economy are starting to look for scapegoats and to question what is happening. [More…]
Whereas previously the Australian economy was greatly dependent on exports of wheat and wool, and today is dependent on mining and meat in addition to wheat, wool and sugar, manufacturing is becoming increasingly important. [More…]
High rates of protection for some manufacturing industries can result in a lower level of employment in terms of the total economy. [More…]
If the building trade has a slump, we can expect a slump to spread quickly through the whole economy. [More…]
The Board recognised that the higher duty would be a burden on the economy and recommended a bounty in preference to a duty, but the Government did not accept that. [More…]
Whether people convert their loans and put their money into private rather than government activity can make some overall difference, certainly to the Budget situation and perhaps to the total economy. [More…]
This document, which contains a survey of the Australian economy up to the end of the March quarter, points to some of the difficulties that arise from the pay-as-you-earn method of taxation, under which, broadly, the same amount of deductions is collected each month. [More…]
This, it seems, is the situation the Treasurer believes we hit in the Australian economy a month or two ago. [More…]
Nevertheless, the system is of such a kind that the economy does get these very big troughs and reverses of troughs in the course of a financial year. [More…]
Because of transactions that the Government has had to indulge in this domestic surplus of about $500m has not been produced but rather what has happened is that the Government has an excess of action in what might be called the private sector of the economy as against what the Government anticipated would be the situation in the public sector. [More…]
Income taxation rates and alterations in those rates have been used to iron out fiscal fluctuations in the Australian economy once or perhaps twice - that is all - in the last 20-ocld years, lt has not been done significantly since 1962 to iron out proposed economic fluctuations, and it was done once during the 1950s. [More…]
1 would suggest very kindly that their own sense of regression with respect to taxation would take them out of the situation and out of the economy altogether. [More…]
In his second reading speech the Treasurer asserted that, if the receipts tax was not continued, this would aggravate inflationary pressures in the economy. [More…]
This is the last of a long series of confused utterances by him on the state of the economy which we have experienced this year. [More…]
In none of his statements about economic portents has the Treasurer even acknowledged the fact that there are lags in the adjustment of the economy to new measures. [More…]
Is the introduction of containers in the best interests of Australia’s economy? [More…]
Does containerisation represent economy? [More…]
No charge is ever made that these companies are taking too much from the national income and thereby endangering the economy and causing production and living costs to rise. [More…]
Co-location of the 3 Royal Australian Survey Units provides significant economy in new building space and costs e.g. [More…]
By these proposals the Government seeks: - to provide for a large increase in essential expenditures, especially on payments to the States, welfare, development and assistance to industry, including emergency relief for woolgrowers hard hit by drought and low prices; - to make reductions in personal income taxation, especially on lower and middle income earners, estimated to have a value to the taxpayers concerned of $289m in a full financial year and $228m in 1970-71; we thereby make good - indeed more than make good - our undertaking to give substantial income tax relief to this large body of people; - notwithstanding these large commitments, to produce a responsible budget, a balanced budget, a budget shaped to the requirements of an economy that is dynamic and fast-growing - but an economy still threatened by disruptive inflation. [More…]
In 1969-70 the economy again achieved a high rate of growth. [More…]
The current year thus began with the economy pretty much at full stretch. [More…]
Hence, in framing the Budget, we have had to assess most carefully its potential influence on the economy. [More…]
The urgent need for reconstruction of the rural economy including a constructive drought policy. [More…]
The latest available figures relating to the Australian economy show the very serious position of the rural sector of Australia, lt does not matter how much one might try to disguise it, the condition can be described only as serious. [More…]
1 cannot stress too strongly the importance of the rural sector to the Australian economy. [More…]
There is a very large domestic surplus in it in an attempt to reduce liquidity in the economy. [More…]
We have been compelled, reluctantly, to increase interest rates, to make money tighter in order to dampen down the tremendous demand that is developing in the economy. [More…]
The Government has been concerned at the plight of the industry not only because of the hardship suffered but also because of the great importance of the industry to the Australian economy. [More…]
Short term urgent measures are clearly needed to prevent a loss of confidence in the industry, which would reflect throughout the whole economy. [More…]
Is this strike being called for purely political reasons or is there perhaps some way in which such a stoppage may help the Australian economy? [More…]
I think it is another indication of a willingness on the part of those who support the Opposition to see that nonelected persons outside the Parliament direct or influence elected persons inside the Parliament who are charged with responsibility for the economy of this country. [More…]
Will the Minister make inquiries as to the approximate cost of such strikes to both the workers and the economy as well as the inconvenience caused to housewives and industry us a whole? [More…]
After careful consideration of these proposals and of recent developments in employment and business activity in Kalgoorlie, the Government has decided that continued assistance is justified in order to allow the present gold mining activity in Kalgoorlie to continue to phase out gradually without disruption to the population and the economy of the area. [More…]
We must face the fact that we will get no sympathy at all from Britain and no preferential treatment because the image of Australia in Britain is of a country with a booming economy, a country fabulously rich in minerals. [More…]
This destructive and irresponsible process is being undertaken in the name of squeezing the building industry to reduce overheating in the economy as a whole. [More…]
Tt is being undertaken on the initiative and under the direction of a Treasurer who once asserted, as Minister for Housing, that ‘to damp down housing because of undue expansion in other sectors of the economy may distort our ultimate priorities for survival’. [More…]
We have it on the record that the policy of a Labor government would be full steam ahead in relation to housing, whatever the situation, whatever the strain on resources, however much of those resources would go into housing and whatever effect it would have on the price levels in the economy. [More…]
The Government’s decision - or the Reserve Bank’s decision as I understand the monetary system of this country - to increase interest rates was made in order to dampen the economy and therefore dampen the cost of home building. [More…]
Therefore, as we did on the previous occasion, we support this measure which has a relatively minor financial impact on the total Australian economy but which is significant in preserving an industry that is vital to Australia’s culture in this era of technological change. [More…]
What comes out of all this is a very melancholy fact: It is the very affluence of our society and our economy which leads to the circumstances in which demands are made and enforced in the way they are. [More…]
The war in Vietnam has seriously distorted the American economy, has inflamed inflationary pressures, has drained resources that are desperately needed to overcome serious domestic problems confronting our country and has hampered the rate of growth in profits on both a before and after tax basis. [More…]
There is the problem of an economy which is geared almost entirely to the very substantial troop involvement of the United States, Australia and a small number of other nations. [More…]
Yet he himself concedes in his Speech that the Budget is not the sole factor in determining the state of the economy. [More…]
And yet the credit squeeze and its consequences have been the main features of the economy this year. [More…]
In an economy where full employment is successfully maintained by a high nile of capital development, there ave unlikely to be frequent occasions when market; conditions will of themselves produce a major fall in interest rules. [More…]
Secondly, the receipts tax is the most obvious example of the temporary expedients and short term shifts which are distorting the economy because of the breakdown of our tripartite system of government - the collapse of responsibility in relation to Commonwealth-State-civic finances and functions. [More…]
What special economic insight went into the decision that a flat 10% cut was exactly what the present state of the economy required and permitted? [More…]
The prospects for Australian external reserves with the mineral export boom should give the Government the opportunity to plan for the long term restructuring of our economy free of the short term balance of payments crises which have disrupted economic policy in the past. [More…]
There are several sectors of the Australian economy for which evidence exists of inefficient use of resources. [More…]
The tariff has been and will continue to be essential to the growth of the Australian economy, but the Government’s approach, which makes tariff decisions on an over simplified ad hoc basis, tends to impede any attempt to view the tariff system in its entirety and thus prevents an appropriate assessment of the tariff’s effects on efficient allocation of resources. [More…]
Only a governmental over-view of such regulatory weapons as sales tax differentials can adjust the Australian economy to the misallocation of resources due to such externalities. [More…]
There were 4 facets of the economy to which this Budget had to react. [More…]
But before they are made it is worth recollecting that, however we view the Leader of the Opposition, he ought to be aware of what those behind him do with respect to economic management in local authorities, the necessarily stable position upon which an economy must depend, and their attitude to inflation. [More…]
the Government seeks … to produce a responsible Budget, a balanced Budget, a Budget shaped to the requirements of an economy that is dynamic and fast-growing- [More…]
If this economy is so dynamic and fastgrowing surely the Government could have afforded another $3 Om for the pensioners, but an economy still threatened by disruptive inflation. [More…]
At the present time there are divided opinions as to the state of the economy. [More…]
Already there are strong indications that in some areas business confidence is on the retreat and the danger of the economy being allowed to run down too far for too long must he guarded against. [More…]
1 was interested to read a rather frank description - franker than is sometimes found in Treasury publications - in the ‘Australian Economy 1970’. [More…]
Profit margins, interest rales, taxes and charges all have a direct part in determining cost levels within the economy and, proportionately, can do as much to raise costs as wage movements. [More…]
Anybody who studies this document entitled ‘The Australian Economy 1970’ will find out. [More…]
As the Treasury document to which I have referred points out and the White Paper on the Australian economy shows, wages, salaries and supplements are the biggest single item in the gross national product. [More…]
Of course, it is consumer demand which ultimately sets the tempo of the economy. [More…]
-The prime task of a government is to manage the national economy, and the Budget is the principal weapon in this control. [More…]
The second aim of a responsible Budget must be tj encourage the expansion of the economy. [More…]
Under wise economic management our economy has been growing rapidly for many years. [More…]
At the same time the Leader of the Opposition would like to increase income tax deductions and eliminate the increase in direct taxation necessary to preserve the stability of the economy. [More…]
The Leader of the Opposition seems to suffer from the delusion that centralised bueaucratic control of such matters as health and education would result in economy. [More…]
No doubt the Committee has examined this proposal from the point of view of economy and on the evidence presented to it has reached its conclusions regarding extension of the runway. [More…]
We have on one hand over-employment and a booming economy in the industrial, commercial and mining fields, while depressed and deteriorating economic conditions exist in the rural industries field. [More…]
Unless the Government takes urgent and strong action to control those who are wrecking the economy this country will face a disastrous recession. [More…]
This means that we must expect in the next 10 years that the incipient inflation which has been spoken of will be constantly present in the Australian economy. [More…]
In my opinion we have real reason to be proud of the fact that good management in the Australian economy has given us a better result than has been experienced in comparable great countries although their economies are so much greater than our own. [More…]
The honourable member for Melbourne Ports said that the managers of the Australian economy ought not to be substantially afraid of inflation. [More…]
Of course, we have on record the famous statement by a former honourable member for Parkes that 5% of unemployment in the Australian economy should be accepted as normal. [More…]
The most vital things that we can do in Australia are to contain the inflation of costs and prices and to maintain employment at the optimum level - that level which is best for the most healthy and most rapid development of the Australian economy. [More…]
These are the things which would be gravely affected if inflation were to become more significant in the Australian economy and were to grow at a greater rate. [More…]
I take the view that if one tries to follow the programme that the Leader of the Opposition set out in his speech - although he had at an earlier stage in his policy speeches indicated that there was a capacity of $l,700m in the future period to about 1974 or 1975 - one must conclude that he would never have given such income tax reductions but would have preferred to have increased social services and repatriation services on a comparative basis in the Australian economy. [More…]
As my friend the honourable member for Lilley (Mr Kevin Cairns) said last night, the Leader of the Opposition is on record as having cited the Canadian economy and political management pattern as being the exemplar of the type of rearrangement of the economy and political pattern that he wishes to see developed in Australia. [More…]
When the economy is a bit slack finance is provided for additional housing. [More…]
When the economy has recovered and the need for housing is at its greatest the Government cuts back on housing finance. [More…]
But let us face it: No-oneI am sure would have liked the job of the Treasurer (Mr Bury) of framing this Budget which had to restrain the inflationary pressures that were existent in the economy yet increase aid to rural industries by 55%, provide finance for the new health scheme which will bring tremendous benefits to the community throughout Australia, provide for an increase in education by 25% and yet relieve the lower and middle income groups of taxation to the extent of $280m in a full year. [More…]
The drought has undoubtedly been one of the worst since the turn of the century, lt is more than coincidental that the net farm indebtedness in the rural sector of the economy has risen from $195m to $1037m between 1963 and 1969, an increase of 600% in 6 years. [More…]
In summary one could say that our cost structure is the result of the growth economy demanded and enjoyed by the overwhelming majority of the Australian people. [More…]
Whilst the Budget was framed to stabilise the inflationary pressures on the economy and to fulfil the election promises of the Government I believe that the matters I have raised demand the urgent consideration of the Government to restore confidence in the vast and productive rural areas of Australia which produce 93% of our food requirements and more than half of ou> export income. [More…]
I am disappointed that the honourable member for Gwydir (Mr Hunt), who touched upon a number of matters affecting the rural economy and the people on the land, seemed to avoid the question of the sale of Australia’s wool clip. [More…]
If there is one question which is worrying people in Australia today - those on the land and those concerned with our economy - it is what price we will get for our wool clip and what are we to do about it. [More…]
If the Government has some idea about trying to restrain the economy, to cool it off and to cause a downturn in some way, let it do so through the luxury industries. [More…]
I have no doubt that the Budget is designed to combat inflationary trends in the economy. [More…]
I am confident that the Budget will meet the requirements it is designed to meet - that is, to keep the economy stable. [More…]
I believe that a Budget is compiled to balance the nation’s economy for the ensuing 12 months. [More…]
Continuous consultation between the Government and primary industry is the basis of policymaking for that sector of the economy - a policymaking machinery that is regarded with envy by other sectors. [More…]
However, all in all it is an honest Budget and one which is designed to keep the economy of the country on a sound footing. [More…]
But, because complacency is the enemy of progress, I will concentrate today on the special problems of our full employment economy - inflationary pressure, industrial unrest, and structural imbalance - and on the ways in which my Department is trying to relieve these problems. [More…]
It follows that whilst this year’s Budget will have roughly the same impact on the economy as the last one, I am confident the Budget is a sound and responsible one and will ensure vigorous and balanced growth. [More…]
To begin with, shortages of labour in many areas of the economy caused overtime work to increase and put pressure on over-award payments, both of which add to cost structure. [More…]
This is due mainly, I think, to structural changes in the economy arising from the dramatic growth in our mineral industries, and to the change in orientation of our manufacturing industries. [More…]
With a fully employed economy, growing as it is at the present time, the way to achieve greater community wealth is by the single method of increased productivity. [More…]
During extensive travel of the electorate of Calare during the winter recess it became readily apparent that the 2 things which were concerning the minds of the people most were, firstly, the lack of maintenance of law and order and, secondly, the state of the rural economy. [More…]
It is to the second subject, the state of the rural economy, that 1 will address my remarks in this Budget debate. [More…]
Even when the rural sector of the economy is in good heart and flourishing there is not sufficient call from that source for labour, nor are the skills required for farm and station work in Australia readily available amongst the migrants who have come to this country. [More…]
These have accelerated a substantial lift in the general cost levels with which the farmer and grazier has to compete in his effort to produce foodstuffs and fibres which he has to sell to buyers outside our own economy. [More…]
I think we should not be content - there is no sign amongst thinking people of their being content - with another extreme position of an economy based on the frenzied export of the very ground beneath us in the form of mineral wealth. [More…]
Its poor position arises from circumstances in the economy. [More…]
Basic to that judgment must be an assessment of the overall impact of the Budget on the economy. [More…]
In brief, the Budget must blend in with other forces at work in the economy so as to produce conditions most favourable to Australia’s long term growth and development. [More…]
So, since the downturn in the early 1960s the economy has outperformed not only its record in the 1950s but also the high’ rate of growth suggested as an objective by the Vernon Committee. [More…]
Of particular significance is the fact that the economy grew by 5.5% in 1969-70, despite the rural industry setback. [More…]
Throughout this period of growth the economy remained reasonably well balanced. [More…]
Despite rapid growth in the labour force, unemployment remained low and tendencies for the economy to veer off in an unwanted direction were corrected by minor and non-disrupting fiscal and monetary policy measures - not a severe credit restriction, as was suggested by the Leader of the Opposition. [More…]
The domestic economy’s excellent past performance and outlook are parallelled on the external front, where Australia’s balance of payments has been strong and promises to continue to be strong. [More…]
The opportunities opened up by widespread natural resource discoveries, together with the relative stability of the domes tic economy, havegivenadded impetus to the inflow of capitalto Australia. [More…]
I believe it is essential that the Government take from the people, by way of taxation, sufficient resources to carry out, with due economy being applied, the essential things which should be done. [More…]
The selective employment tax put a levy on service industries, including people in hotels, offices and elsewhere and paid an incentive to people in manufacturing industry on the incredible assumption that the manufacturers who produced things that could be dropped on the toe were the only people contributing to the economy. [More…]
The lack of it was, I submit, al the base of the decline of the British economy. [More…]
I suggest that not only would the front bench opposite be running the country, and its budgets and its economy per se, but it would be doing the Cairns dance to a Hawkish tune. [More…]
The low level of unemployment in what is virtually a full employment economy has created a situation in which the trade union movement can hold the gun at the employers’ heads. [More…]
Australia’s economy is going through a tough time at present, one reason being the drop in world prices for our goods. [More…]
I believe those to be the 3 main influences on the economy. [More…]
We have a budget anticipating an expenditure in the interests of the nation of $7, 883m, yet one that is shaped responsibly to the requirements of the economy. [More…]
This policy propounded by the Opposition of spending far more than our revenue would have the effect of slowing down the growth rate particularly in the fields of rapid development, such as the minerals industry, but it could have a disastrous effect on the rural sector of the economy which is suffering from the effects of low world prices and demand, particularly in Queensland where the most serious drought in history is having a most serious effect in many areas. [More…]
The large minerals expansion that has taken place in the last decade has been in the vanguard of the development of our natural resources, and particularly in the impact of those resources on our national economy, lt has been estimated that investment in the Australian minerals industry in the last decade has exceeded $2, 300m - mainly on iron ore, coal, bauxite, oil and natural gas. [More…]
This Budget reflects just this, that in a time of disruptive inflation and despite large commitments, the Government nevertheless has been able to bring down a budget shaped to the requirements of an economy that is, as the Treasurer (Mr Bury) said, in the overall picture, dynamic and fast growing. [More…]
I regard this Budget - and I am sure responsible people in the community do - as one which is designed to maintain stability in the economy and to deal in a responsible way with the enormous expenditures which are involved and which substantially cover large increases of revenue to the States. [More…]
One of these cases can be dealt with now by bringing in laws to provide for the taking over of the economy of a family when the person in charge is irresponsible. [More…]
Most of the theories that are put up by the Opposition in respect of the economy have been tried by the United Kingdom Labour Government. [More…]
It might be fair and necessary at some stage for the good of the country that they should be given an opportunity for a short term to live under a Labor government It might be as well for them to consider the value of a stable economy and stable government and what that has meant to them in respect of employment, prosperity and all the other things that we enjoy in this country. [More…]
I believe that if the Government had not adjusted the scale this year in respect of the people who fall within the $16,000 to $32,000 income group it could have increased the age pension without upsetting the economy. [More…]
We should at the very least have a ministry of economic planning to apply longterm, flexible plans to our economy, as they have been applied, for instance, to Japan’s. [More…]
Unquestionably, the stupendous expansion of the Japanese economy would not have been possible without their national plans. [More…]
The States will continue to make investment decisions that run completely counter to national economic efficiency, and our policy of protection will continue to be generally directed to the least efficient areas in our economy instead of where we have a chance of making a show. [More…]
Keynesian economic philosophy in the areas of economic policy rests on the dependence of monetary and fiscal, or budgetery, policies to reduce aggregate demand in order to stop inflation, and activate demand in order to pull the economy out of a recessionary phase. [More…]
So the one course of action is for some form of public intervention in that part of the economy where full employment or an approach to full employment means inflationary price and wage increases. [More…]
Does this imply, in the light of last year’s surplus of $578m, that the heat in the Australian economy is rising as surpluses increase and that industry and home purchasers can expect no improvement in the economy in the foreseeable future? [More…]
He represents a great rural electorate and the rural sector of the economy is not without its problems. [More…]
It is true, as the Treasury survey entitled The Australian Economy - 1970’ states that expectations of growth in the 1970s are great indeed. [More…]
The performance of the Australian economy in the inaugural year of the decade will not belie these hopes. [More…]
There is great danger that the economy - the security of the nation which is basically dependent and will continue for many years to be dependent on the wealth of rural industries - is being undermined slowly but surely by those who do not have a proper regard or a proper concern for the farmers and the primary industries. [More…]
The Government has to take into account on the other side of the balance sheet the effect of such expenditure on the economy from the point of view of inflation. [More…]
I suggest that the action taken in this Budget is the right approach to the national economy. [More…]
The Government has decided that it is not budgeting for a large surplus for deflation; it is not budgeting for a deficit to stimulate the economy. [More…]
For these reasons it would be rash to claim that the Budget will prove to be exactly suited to the requirements of the Australian economy through 1970-71. [More…]
We pretend very often that in our budgeting we are doing decisive things for the economy. [More…]
The truth is that our economy is moving with disasters and windfalls, none of which have been produced by the Government. [More…]
These are the decisive things in our economy. [More…]
I think we might all be more modest about the economy of the country if we bore in mind the point I have made about disasters and windfalls. [More…]
We are told the whole economy would be threatened if proper wages were paid to the people of Bouganville. [More…]
Apparently it is far better for the economy of Papua and New Guinea for all the money to be taken out by an expatriate firm in the form of profits and only a minimum left for the people in the form of wages. [More…]
Why is the lack of purchasing power for the people of Papua and New Guinea so disastrous for the economy of Papua and New Guinea? [More…]
If Australia’s economy were as dependent upon primary industries as it was in the past we would be in a very serious position. [More…]
I do not really see in the Budget any fundamental solution to the change which is coming over the rural economy and I feel that on this question we are moving very much in the dark. [More…]
Many have despaired, however, at its utter failure to come to grips with the immediate challenges which must be discharged if the economy is to be soundly based for long term accelerating development into the twenty-first century. [More…]
Worst of all the Treasurer and his gang of financial dilettantes captained by goodtime Johnny Gorton have shirked the most crucial challenge of all in our economy. [More…]
When one appreciates that there are almost as many people in the single city of Tokyo as in the whole of Australia, that the United States of America pours more into the Vietnam war in 12 months - S29,000m according to a recent, official statement - than our economy is capable of generating in a year - our gross national product last year was $27.000m - one understands how relatively scarce our economic resources are and why we cannot afford to squander them. [More…]
It is alarming that no assessment is ever made of what effect decisions on various forms of industry supporting protection have on the rest of the economy. [More…]
After all, the economy does not consist of a series of totally disparate elements. [More…]
However, the Board cannot work in isolation from all those other agencies which influence the performance of the economy. [More…]
They are not encouraged to see their role as interrelated with the whole economy and indeed, even if they are aware of this, their separateness is a bar to the development of such practices. [More…]
Projections are then made for the various sectors of the economy, public and private, inputoutput tables are assembled, and then internal consistency, balance and coordination between the sectional projections is obtained. [More…]
Secondly, fluctuations in national income and employment are caused mainly by fluctuations in investment in the private sector of the economy. [More…]
Planning for economic development means surveying the potentialities and needs ofthe economy for some years ahead, establishing a set of integrated and co-ordinated growth targets, and expressing them in the form of particular values for various indicators which can be watched much us an aeroplane pilot watches his instruments. [More…]
So the young marrieds bear the full force of the Government’s assault against the economy. [More…]
They are the sinister villains dedicated to subverting the economy, according to the Treasurer. [More…]
In other words some other group than wage and salary earners picked up a bonus from the growth in the economy at the expense of those people. [More…]
On this subject the Treasury White Paper, The Australian Economy 1970’, states significantly that a number of factors have contributed to price increases and - larger profit margins probably more than most. [More…]
But any reduction in the value of rural exports could have a disastrous effect on the economy. [More…]
In view of the potential threat to our livestock industries and to the Australian economy will the Minister confer with the Minister for Customs and Excise to ensure that every possible safeguard is taken to prevent the entry of foot and mouth disease into Australia? [More…]
As a result of an inflationary economy, in which average earnings and prices rise by 5 per cent or 6 per cent per annum, pensioner poverty is increasing. [More…]
We do not want to harm them by giving them some kind of shadowy prospect in a dreamland which will never come, of their being once again the mainstay of the Australian economy. [More…]
Surely pensioners as well as other people in the community are entitled to participate in the improvements in our economy in that time. [More…]
However, minerals have a habit on occasions of being short term contributors to the economy. [More…]
In other words the Government is not capable of fully controlling the economy. [More…]
He said that during the months ahead he did not know what forces would be at work within the economy. [More…]
He went so far as to say it would be rash to claim that the Budget would be exactly suited to the requirements of the Australian economy in 1970-71. [More…]
If honourable members want really to know the Treasurer’s opinion of the economy of Australia they can get it from a Press release which was circulated for distribution on 5th July last. [More…]
Mark this - at reducing liquidity in the economy. [More…]
He said that the estimated domestic surplus had been realised and that it had been a significant factor in the tighter financial conditions of the latter months of 1969-70, which had operated to ease the inflationary pressures which had been building up in the economy. [More…]
Unlike Governments whose job it is to control the economy, however, the worker is caught in the middle. [More…]
One may question the realism of proposals for a further substantial expansion of Commonwealth expenditure on education beyond the 25 per cent already proposed for this year, given the constraints on expansion of Commonwealth expenditure arising from other commitments and the state of the economy, which were explained by the Treasurer when he presented the Budget. [More…]
They must be viewed in terms of their overall impact upon the economy and the circumstances in which they are put forward. [More…]
The advancement of the community and of the economy depends very greatly on what they do. [More…]
In practice therefore each Budget is designed to contribute to an overall economic strategy, aiming, in the context of developments within the economy and expected developments over the year ahead, at perpetuating strong economic growth with full employment, a minimum of disruptive inflationary stresses, and a sound balance of international payments. [More…]
As 1 have indicated, it has to be framed in the light of developments in the economy and expected developments over the year ahead, and it must make a basic contribution to the Government’s overall economic strategy, aiming to perpetuate strong economic growth and to maintain stability in the economy and the balance of payments. [More…]
The income tax legislation should be completely rewritten, it is a horse and buggy Act in a jet age economy. [More…]
This was done in Canada and action is now in train in that country completely to rewrite the tax legislation to bring it more into line with their modern economy. [More…]
Whilst one is critical of the welfare aspect of the Budget in particular, it is more important to see the way that the Leader of the Opposition has approached the economy as a whole. [More…]
I deplore the left wing inspired wharf labourers’ stoppages which are wrecking the port of Darwin and the economy of the Northern Territory and Australia. [More…]
The reference to professional agitators, foreign traitors, subversive elements and sabotage of the economy are exact translations from ‘Pravda’ and ‘Izvestia’. [More…]
It must protect the stability of the economy, which is paramount for everyone in Australia regardless of his walk of life or what he is doing. [More…]
In other words, the stability of the economy does not matter. [More…]
Such a plan would disturb the whole economy and has to be well thought through. [More…]
The effect upon the economy of this sort of thing would be devastating so we have to be careful. [More…]
Instead of compensating pensioners because of the effects of inflation and instead of taking deflationary measures in other sectors of the economy, the pensioners are being used to cushion the effects of inflation on everybody else. [More…]
I want to pay some attention to the especially adverse affects that indirect taxes will have on the economy of my home State of South Australia. [More…]
There is no question that the increased sales tax on consumer durables and the imposition of a tax on wine threatens the South Australian economy. [More…]
I would like to remind the Government of the critical importance also of the consumer durables industries to the South Australian economy. [More…]
If there is any fall in the demand for these commodities the South Australian economy will suffer. [More…]
What we need is sensible planned growth of our economy. [More…]
This does not, of course, mean complete rigid controls of everything in the economy. [More…]
But it does mean that we should have some broad idea of which way our economy should be going. [More…]
It seems to have only one principle and that is that if investment has already been made in one sector of the economy then we must safeguard that investment, however efficient it is and no matter whether it is a good or bad use of resources. [More…]
Earlier this year the Prime Minister (Mr Gorton) indicated useful ways in which our economy could and should develop. [More…]
Here, indeed, is a useful way in which we could bend our economy in a direction which would maximise our economic growth. [More…]
I quote from the White Paper on ‘The Australian Economy 1970’ in which it is stated: [More…]
In other words, of the rising productivity in the Australian economy m the last few years a greater proportion of that increase has gone to the profit earning sectors of the economy than to the sector which takes wages and salaries. [More…]
The task of our monetary authorities in keeping the economy on an even keel so that orderly and rapid expansion of the Australian economy can proceed without interruption is one of extraordinary complexity and difficulty. [More…]
We live in a fully employed economy without any appreciable reservoir of labour and resources which are not already actively employed. [More…]
However, we do know now from practical experience that we already have the labour and resources to construct upwards of 110,000 dwelling units per annum without undue strain on the rest of the economy. [More…]
He knew that 1 10,000 dwelling units could be constructed in 1964-65 ‘without undue strain on the rest of the economy’. [More…]
It is one thing to express the Opposition’s professional gloom about the Australian economy and the Budget but it is quite another thing to take an exaggerated, false and misleading position in matters of this import. [More…]
The Budget is seen as the cornerstone of the financial and economic policy of the Australian nation and total financial expenditure has to be made against the background of the state of the Australian economy. [More…]
High public expenditure, added to an economy already suffering from over-employment, heavy demands on services and materials, increases inflationary pressures. [More…]
This, along with the necessary marketing reforms, will be a positive step in the rehabilitation of the great wool industry, still so vital to vast areas of Australia and to the economy as a whole. [More…]
I am one of those who are prepared to be flexible and I hope, reasonable and I think this Parliament should aim at achieving a greater degree of economy and efficiency. [More…]
The South Australian Government is so concerned as to the repercussions that this added tax will have on the State’s employment position and its economy that on 20th August this year the House of Assembly of South Australia carried the following resolution: [More…]
It clearly indicates that both sides of the Parliament are concerned that these tax increases will affect the State’s economy and its employment position. [More…]
I point out that the Australian Labor Party in advocating greater Commonwealth control of every aspect of the economy, still contains in its platform a prominent objective in the nationalisation of the means of production, distribution and exchange - a definition which covers just about all there is and inevitably involves large rises in taxation. [More…]
Whether one believes in much greater Commonwealth government control of every aspect of the economy, a centralised planning and takeover of government and business in this country as does the Australian Labor Party, or whether one believes, as do the Government parties, in the minimum of government intervention and regulation, and only then when public interest is justifiably involved, there remains a serious problem to be tackled. [More…]
After all this is a problem with which every highly developed economy, Western or Communist, has to deal. [More…]
As an example, loan fund financing in a modem and well developed economy could always be of inestimable value to the community. [More…]
For this to be occurring at a time when the Treasurer is able to soak away and in other ways terminate the use of thousands of millions of dollars of the taxpayers’ hard earned income each year under the pretence of preserving the national economy from overheating, excessive liquidlty and the inflation for which he and his Government are directly responsible, beggars description and leaves me cold. [More…]
This is the real position, so it is very bad administration that the national economy is managed in such a way that while we have as much money as we can extract from the people we are unable to give them the services to which they are entitled and for which they pay. [More…]
In respect of housing we heard the Treasurer say that the economy was overheated and that he would have to do something about it. [More…]
The greatest number of applications occurred in the last quarter, which is the quarter severely affected by the Treasurer’s attempt to dampen down the economy by increasing interest rates. [More…]
I suppose, the real reason for the problems of the tractor industry, like a lot of other industries, is that increasing costs in the economy are such that manufacturers are being priced out of competition in the sale of their products on world markets or on the Australian market with imports of equipment manufactured in cheaply producing countries, particularly those that have cheap labour or plants for mass production with a big throughput. [More…]
Our economy today is highly susceptible to a galloping increase in costs which particularly affect the export primary industries which in the main purchase tractors. [More…]
I do not see how this will in the long term provide a solution to the problem because if the economy continues to be as it is - I do not care what term you use; ‘overheated’ or whatever it might be - it is the export industry all the time which will suffer the real burden. [More…]
In the first place, it is true that quite a number of industries - rather small industries - are operating throughout Australia and are making their contribution to the economy. [More…]
I believe it is making a very valuable contribution to our national economy. [More…]
Certainly the factory will have all the advantages to enable it to produce this fertiliser in competition with other countries and it at least has the advantage of economy of scale. [More…]
They have played a very important part in our national economy and in the progress and development of Australia as a nation. [More…]
Unquestionably new technology will produce a new balance in requirements and a new balance in economy. [More…]
It seems to me that Tariff Board reports are very often too narrowly based and that they deal with a segment of the economy, very often in isolation. [More…]
They have a stable government, an improving economy and large security forces. [More…]
Then the vast problem would still remain of facilitating the change of the economy of South Vietnam from a wartime economy to a peacetime economy. [More…]
The thing that worried me most when I was there - and I would agree that I have not been there since 1966 - is that so much of the economy of South Vietnam is directed towards the presence of particularly the American troops stationed in that country. [More…]
As the military involvement in Vietnam is phased out by the United States of America and by ourselves we yet remain to see a programme of economic aid capable not only of paying the way of the Government of South Vietnam but of enabling the orderly transition of the economy of that country from the situation that we have known over the past few years to a situation perhaps similar to that which exists in South Korea in the aftermath of the Korean war. [More…]
It is time that this Government did something to check the activities within the Australian economy of merchant banks which are owned and controlled overseas, which disguise their shareholdings and which set up corporations in Australia to take over supposedly legitimately, businesses, companies and industries where we do not require their capital and where we have the skills. [More…]
an appropriate result of the interests of groups favouring a system of grants, the over-simplified decision-making approach that tends to substitute a three per cent of gross national product for a proper understanding of the processes by which technological changes are generated and absorbed into the economy and society, and the ‘growth mania’ that dominates so much economic thought today’. [More…]
On the information supplied to this House by the Treasurer (Mr Bury) in his Budget Speech it is quite clear that the increases do not compare with the increases in cost movements which have occurred in the economy in the past 12 months. [More…]
It is quite apparent that the increase which the Government has offered - this totally inadequate 50c - falls far short of what should have been provided if the pension was to be maintained according to the movements in costs which have occurred in the economy during the past 12 months. [More…]
They fail to include any allowances for increased productivity which has occurred in an economy. [More…]
Over a period of a quarter of a century it is quite clear that, in an advanced economy such as Australia’s where there is a fairly high rate of investment for development, much of which goes into technology and education, productivity must increase at an accelerating rate and the amount of wealth available per bead of population in real terms over any lengthy period must increase appreciably. [More…]
As a sacrifice by the economy related to the level of per capita productivity being achieved in 1949, 21 years ago, the contribution being made by the then Labor Government was more beneficial to pensioner recipients by more than $1 a week than is the case at the present time. [More…]
Does the Minister seriously contend that this was a reasonable increase in the purchasing power and living standards provided for pensioners in Australia, taking into consideration the inflationary spirals which have gone mad under the Government’s inadequate and incompetent handling of the Australian economy? [More…]
The pensioners are being asked to make sacrifices for the economic austerity programmes which are being discreetly applied in the economy at the present time and will continue to be applied. [More…]
Keynes maintained that the economic system has no automatic tendency to full employment and that unless certain controls are placed on the economy then the cycle of boom and depression with which we were all familiar in the pre-war days would continue. [More…]
His theory was basically that in times of inflation interest rates should be increased and taxation should be increased, thus reducing spending in the private sector of the economy, and that Government spending likewise should be kept to an absolute minimum. [More…]
During the depression instead of expanding the economy governments had clamped down on government expenditure and this, of course, had only compounded the problem. [More…]
It is not necessary for me to say here today that the economy of this country has been undergoing inflationary pressures. [More…]
This is well known to all, and in line with the Keynesian theory it has been essential that the Government take steps to dampen down the economy. [More…]
I listened to most of the speeches on the Budget made by members of the Opposition and I was appalled at the lack of conception which exists on that side of the House of what a balanced” economy really means. [More…]
Whichever Party had been elected at the last election, neither would have had a mandate to increase income taxation, and the only way any government could have increased the pensions in these circumstances would have been by cutting down on some other vital sector of the economy. [More…]
I am sure that Chifley, who believed in and implemented the Keynesian theory of a controlled economy, would have been dismayed and alarmed had he heard the speech of the honourable member for Oxley and his extraordinary statements today. [More…]
I do not believe that is so if we take into account the whole economy at the present time at the present inflationary level. [More…]
The Government is charged with maintaining a sound economy. [More…]
A government in power must take a more responsible and realistic approach to the economy. [More…]
Secondly, can the economy afford a better pension? [More…]
He said: ‘The means test is an extravagance which the Australian economy can no longer afford’. [More…]
On 13th October 1965 he said: “The means test is an economic anachronism and is one of the things which is eroding the root of the Australian economy.’ [More…]
It had moved from a war time economy to a peace time economy. [More…]
Surely this nation, with its growing wealth, its increasing mineral exports and its expanding economy, could give a fairer go to our older citizens. [More…]
Certainly the pensioners are not going to spend the additional money on the goods which would put inflationary pressure on the economy. [More…]
Do not forget, this is in a period when we are advocating a further increase in pensions, when prices and wages are increasing at a very rapid rate, when the Government tells us day after day that there is an inflationary movement ahead and when the Treasurer (Mr Bury) speaks of an overheated economy. [More…]
In this new economy we live in, forced upon this country by this Government, to cam enough to live adequately there must be 2 incomes in the house. [More…]
is an extravagance which the Australian economy can no longer afford. [More…]
Economy class single ordinary fare is $54.90. [More…]
Ordinary fare economy class return is $103.60 and the pensioner fare is 5588.34. [More…]
Economy class ordinary single fare is S43.45. [More…]
1 am sure it would be comparatively easy on the economy to do this. [More…]
The World Bank report on New Guinea a year or two ago at least indicated that in New Guinea there was a dual economy. [More…]
I think we are also moving towards what sometimes happens in these primitive economies and that is what is called a treble economy. [More…]
We get the basic subsistence area, the cash crop type of economy and then the expatriate economy. [More…]
The expatriate economy is the one which often is the most significant, and if I can recall it from memory 1 think the New Guinea situation was that some people had a standard of living some 10 to 20 times higher than the rest. [More…]
Of course the section that had the highest standards consists of the civil servants and the European section of the economy. [More…]
He seems to take the view, and has stated this view publicly, that as our economy is strong we should have a capacity to live through, without serious consequences, the entry of Britain into the European Common Market, even under the terms of the common agricultural policy which at present applies to the Six. [More…]
No matter how strong our economy may be, if the market for 67 per cent of our butter exports were to disappear, I do not see how we could satisfy a dairy farmer who had been adversely affected even by sending him a cheque from the wealth of the economy. [More…]
I have never put it that the loss of foreign exchange would be destructive of the Australian economy; it would be very weakening of the Australian economy. [More…]
If such a survey has not been carried out, will he consider instituting an inquiry for this purpose and so direct attention to the substantial effect of these strikes on industry, workers, pensioners and the overall economy of Australia? [More…]
The group fares paid by the members will be in the vicinity of $7,200 but in all fairness to QantasI am obliged to mention that we are flying Qantas from Australia to Manila and on the way home from Singapore to Australia, the fares being at economy class $292 and $242 respectively which, multiplied by 8, is close enough to $5,000. [More…]
Firstly, this is a very important sector of the economy. [More…]
Thirdly, the maldistribution of resources in the economy means lower material standards for our people and reduced capacity to survive in a very difficult world. [More…]
Strong measures are needed now if the rural economy is to be preserved. [More…]
It is because a system of automatic checks and balances is built into the secondary economy of this country. [More…]
What then is to be done now in the crisis affecting the whole of the rural economy? [More…]
We have today a rural economy almost in total ruin. [More…]
We have the Country Party quiescent while the destruction of the rural economy proceeds and it is thus encouraging the Communists and other revolutionary forces to promote their evil and insidious plans for the future control of Australia. [More…]
Although our costs recently have been going up higher than we would want to see them go up, I believe that the Australian economy has been managed extremely well in the last 20 years. [More…]
I can recall when the ‘Financial Times’ of London awarded Australia the prize for the best managed economy of the year because we did have such stable prices. [More…]
We have to decide what to do about al) areas of need in the Australian economy. [More…]
A great deal of mention has been made about need in some sectors of the Australian economy and very little has been made about others. [More…]
We hear a lot about these subjects but we should hear more about the many small industries of this country that have a high export component and which in their totality are extremely valuable to the economy of Australia. [More…]
The Australian economy will still be in a strong position in the event of this oft-proposed but never consummated marriage. [More…]
Indeed, to be’ meaningful such a programme must be an element of indicative economic planning of the economy. [More…]
At least it is better than doing what we have been doing, that is, refusing to face reality which threatens the strength of our economy in the long run. [More…]
Largely, it is due to foolish, opportunistic policies of the conservative Federal Government of the past 20 years concerned more about bargaining for votes than strengthening a balanced growing economy in which economic resources are allocated and used accordingly to rational, responsible criteria. [More…]
The modern laissez faire economy - that is monetary and fiscal policy, wage freeze and the welfare state - cannot get the allocation of resources needed for a great national effort or for any other purpose. [More…]
The alternative is merely to continue with the old method of waiting until a particular industry or concern, or the economy as a whole, goes wrong and then act generally or indirectly with whatever speed or delay the bureaucracy can manage. [More…]
But the alternative does involve initiative and participation by more people; it involves new machinery of communications within the economy and between it and the Government and it does involve building the institutions that are necessary ‘to bring under public decision the broad allocation of national output’, to quote what was said recently by an American economist. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
Allowing the States access to income taxation would make the Commonwealth’s task of managing the economy more difficult, and a scheme along the Canadian lines could result in different rates of income tax applying in the various States. [More…]
This would in time even up the distribution of population and would even up the economy. [More…]
We must try to include the primary producer in the buoyant economy that is apparent in our cities. [More…]
Therefore, I say that this Government and this nation must give a lot of thought to providing better conditions for primary industry to participate in [the highly buoyant financial state of our economy at present. [More…]
This kind of situation moved Professor M. E. Harvey of Melbourne, in May this year, to express lament that a great deal of potential talent in Australia was being wasted - this is the seriousness of it; it is not only an injustice to the students themselves but also is an injustice because of what it is doing to Australia and the development of its economy not to say its cultural and social wellbeing - because many children did not have the chance to go on to tertiary education. [More…]
While mining will provide an important and indeed major contribution to New Guinea’s economy, it has to be understood that for the foreseeable future the growth of a stable New Guinea society and the personal prosperity of the greater part of its people will depend on agricultural, pastoral, fisheries and forestry development. [More…]
The Territory of Papua and New Guinea has, understandably, far too small an economy of its own. [More…]
The main difficulty is that the economy rests essentially on the Australian grant and on cash crops. [More…]
There is probably very little prospect of securing a viable economy on an agricultural basis, though it may come in the long term. [More…]
The development of cattle in the Highlands to provide meat is of fundamental importance, therefore, to diet and to the economy through better land use. [More…]
For a sound economy, the country must look to mineral development and, I think, to forest products. [More…]
These include land use and tenure with the problems of inheritance, the further problems of developing social progress and the economy given the influence of an extensive village social life, and cargo-cultism which pervades the country everywhere to some degree. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
As a result of this confusion and bewilderment many people are losing trust iri the institutions, public and private, through which we govern ourselves and run our economy. [More…]
Such loss of trust is destructive of the cohesion necessary for an economy’s ability to function at maximum effectiveness. [More…]
ls it not time that the Prime Minister used the time of this House for the serious business of the state of the economy? [More…]
Is it not necessary that we have the time of this House used in an attempt to implement policy which will correct the distortions that are present throughout our economy? [More…]
For the 7- years of the war the inexhaustible United States has dangerously depleted its economy and every year has declared that victory is near. [More…]
We also know that they have a different ideology of political economy from that of affluent capitalist countries. [More…]
Irrespective of the reasons why this meatworks has been closed down, it is of tremendous importance to the economy of. [More…]
that fuel management programmes, formulated jointly by the Australian Atomic Energy Commission and the Electricity Commission of New South Wales in the interests of the operational requirements of the New South Wales system and of fuel economy, conform with the standards, procedures and controls referred to in (a) and (b) above. [More…]
We cannot continue to use the housing sector of the building industry as a major instrument to dampen down the economy. [More…]
We already have the labour and resources to construct upwards of 110,000 dwelling units per annum without undue strain on the rest of the economy. [More…]
When he made this swipe he must have forgotten the speech he made about 5 years ago when he deprecated the fact that the building industry was used as a stop-go accelerator and brake for the economy. [More…]
When the economy is a bit slack finance is provided for additional housing of course but it is never enough to meet the needs of the people. [More…]
When the economy has recovered and the need for housing is at its greatest the Government cuts back on housing finance. [More…]
Naturally the Government has a responsibility, as it is responsible for the guidance of the economy of this country, to see that proper priorities are arranged and that funds are made available for and are channelled into housing according to the amount which the economy can stand and which it is physically possible to use in building. [More…]
I just want to take up one or two of the points which have been made, particularly by the honourable member for Stirling (Mr Webb), because he turned his back on the responsibility of providing balance in the economy by just touching on 2 points affected, namely, levels of employment and general price levels in the economy. [More…]
The economy of any industrialised and sophisticated country such as Australia is a very complicated machine. [More…]
That is a very apt analogy to the management of an economy such as Australia’s. [More…]
It is in part the consequence of growth of an economy and of the wealth of an area. [More…]
This is the lesson to be learned from the Budget and the state of the economy at the moment. [More…]
It is quite futile to say: ‘When we get into power we will provide housing finance at 0.5 per cent interest’ because this implies a certain state of liquidity in the economy. [More…]
The housing industry faces the same inflationary costs as other sections of the economy. [More…]
I do not know whether the Opposition realises the effect which the building industry has on the economy. [More…]
Is he talking about decentralisation of economy? [More…]
What moral right have we to say: ‘We cannot absorb you into our economy, because it might interfere with our standard of living.’ [More…]
The tenor of that statement leads me to believe that the purpose of the cost-benefit analysis would be to determine a firm policy on the quality or quantity of the intake as related to the general economy. [More…]
The fact that Australia was under-populated and was in a situation where tremendous reliance had to be placed on the rural sector of the economy to supply overseas earnings for the nation was recognised a long time ago. [More…]
The manufacturing sector of the economy had to be expanded and expanded rapidly if a more balanced economy was to be achieved. [More…]
Obviously such a proportion shows thai their total contribution to our gross national product is considerable, and without them we can be absolutely certain that the major advances that have been made in developing the manufacturing and other sectors of the economy could not have been achieved. [More…]
I believe that before this atmosphere can permeate right through this community people must be convinced that the benefits of our migration programme, both individual and collective, outweigh the stresses and strains already being felt in our full employment economy. [More…]
Because we live in the most unplanned economy in the Western world, it is difficult to assess what is best for the nation. [More…]
But frankly I believe that it is a little beside the point to be worrying, as though the sole consideration is the economy of the operation, about the cost of power from this station. [More…]
To put it very briefly, almost all the forces of economy and economics these days operate in the direction of agglomeration. [More…]
The advantages are these: Firstly, national uranium fuel independence from overseas supplies; secondly, high plutonium production which can atd either a nuclear bomb project or the installation of fast breeder reactors; thirdly, partly proven design; fourthly, low fuel inventory and replacement, allowing a small interest burden on stockpiles if overseas fuel is used; fifthly, it is not necessary to reprocess fuel elements to extract unused uranium 235 to achieve good fuel economy. [More…]
If so, will he recognise the vital and decisive role which engineers will play, if Australia is to meet the challenge of the seventies in the development of our economy in a savagely competitive world market, by ordering a full-scale enquiry by a high level committee to examine and urgently report upon (a) the number of engineers needed to meet the nation’s needs, (b) the class of engineers required, (rj) the standard of scientific technological knowledge required to keep pace with world advance and (d) the necessity for a high degree of technical specialisation in the field of research and development. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
Budget, a Budget shaped to the requirements of … an economy still threatened by disruptive inflation’? [More…]
Australia’s initiatives produced the Suez affair in 1956, an automatic Australian reflex action in defence of imaginary jugular veins, lifelines and vital routes without which our economy would be gravely damaged, demonstrating how deep in the thinking of the older Australian generation are imperialist and racist assumptions. [More…]
The portent of his article is that it is his belief that the Government has misjudged the total tempo of the economy and whilst there may be inflationary trends, nevertheless there are signs of declining economic activity relative to the total population and the total activity. [More…]
As some of my colleagues already know, there has been a dreadful impact as a result of the farming situation upon the sale of tractors in our economy, leading to a decline in the industrial area of Sunshine in Victoria where some hundreds of men have been laid off since the beginning of this year. [More…]
This same point is made in this rather interesting annual compilation called Impacts on the Australian Economy 1969-70’ by 2 young economists, Messrs Coysh and Treyvaud. [More…]
lt ought to be realised sometimes that you can actually inflate the economy into a deflationary situation if real incomes are not adjusted fast enough to mop up the goods and services available in a community. [More…]
It is one of considerable complexity and affects the whole economy in aggregate. [More…]
transport to our country and the inflationary effect this cost has on the economy as a whole. [More…]
This is where transport problems are adding a huge cost to the Australian economy. [More…]
This is where we could do something about assisting the economy by keeping costs down. [More…]
If people could be encouraged to use public transport that would be one way in which we could help the economy as a whole. [More…]
In the motor vehicle industry there have been some instances of adverse effects on South Australia’s economy. [More…]
I have in mind what happened to the Reid Murray organisation and its effect on the Australian economy. [More…]
I suggest that the principle in this Bill is that the Government is prepared to allow deductibility within certain criteria, provided that the economy and public interest receive some advantage. [More…]
The Government has not selected the home building sector for use as an instrument to dampen down the economy in the past, nor is lt likely to do so in the future. [More…]
earning valuable foreign currency and offsetting the decline in earnings in the rural sector of the economy? [More…]
Such imports could be from a country where wages are tow or a centrally controlled economy country - a Communist country - where there is no basis of assessing costs of production but where it is not uncommon for goods to be offered for sale for no other reason than to earn foreign exchange. [More…]
This unrestrained competition for capital is not good for the economy . [More…]
I do not agree that we should attempt to over-stretch our economy to this extent. [More…]
Is it because the Government wants to encourage the investment of foreign capital in Australia to the detriment of the Australian economy? [More…]
the major direct tax in the economy, and of company tax the picture appears to be brighter as far as the Commonwealth is concerned. [More…]
the economy. [More…]
I want to make a few remarks about the economy because it is very easy to criticise how little is spent on a certain item and take it out of the context of the total flow in the economy and the total levels of supply and demand. [More…]
T referred to acceptable levels of inflation because there is an incipient inflation which exists in any developed economy as a result of tremendous demand, and rightly so. [More…]
In other words, I am supporting the principle which I believe is implicit in the Budget and I think that there ought to be more emphasis in our economy on indirect taxes rather than direct taxes. [More…]
In spite of the tax rate rises that we have seen consumer spending in the economy has increased at a significant rate, somewhere in the region of 7 or 8 per cent in the last year. [More…]
Spending on building and construction and on plant and equipment has increased substantially and these substantial increases speak highly of the expansion which has taken place in the economy of this country. [More…]
But the Government has the responsibility for the economy of this country. [More…]
Four of the major companies virtually control the economy of this country and they decide the prices. [More…]
I believe this is the first serious warning to the Australian economy. [More…]
The effect spreads through the economy. [More…]
I have found out that the normal full economy fare is $567. [More…]
Because of charter arrangements the airline operators charge 55 per cent of the full economy fare which means that the correct fare for a charter flight is $312.50. [More…]
The humble petition of the electors of the electorates of Kooyong and Chisholm respectfully sheweth that Australian troops are engaged in senseless and wasteful aggression in Vietnam which is destroying the economy, culture, social structure, and population of that country. [More…]
Senator Lillico, Federal exporters and I were very alarmed and concerned at this, because it meant the dismissal of 75 employees and the effect on the economy of Devonport and the surrounding districts was serious. [More…]
Actually it is the Prime Minister and his Government who expect the mines to keep running at a loss because they have said that the assistance now being provided is sufficient for the gold mining activity to phase out gradually without disruption of the population or the economy of the area. [More…]
If it is the genuine wish of the Government to ensure, as the Minister said in his speech, that there will be no disruption of the population or the economy of the area - I hope that in speaking of the economy of the area he is speaking of the financial circumstances of the people <n general and not those of the companies alone - the Government should take another look at the Gold-Mining Industry Assistance Act with a view to amending it along the lines for which the industry has asked. [More…]
The Government sees it in this way: Continuation of the subsidy scheme was necessary to allow the gold mining industry in Kalgoorlie to phase out gradually without disruption to the population and economy of the area. [More…]
We must remember that at the lower end of the Australian economy are the pensioners who are being hit very hard by these increases. [More…]
For the life of me I cannot see the economy of this or the sense of it. [More…]
He may recall that on his first day as Prime Minister in this House I drew his attention to the ever-widening gap in our economy between primary industry and secondary industry. [More…]
National wage cases have far reaching effects over a broad range of subjects - the economy, rural and export industries, inflationary pressures, costs and prices - and the public interest must be represented in these cases. [More…]
The Commission has stepped into the economic field because the Government has failed miserably to live up to its responsibilities regarding the economy. [More…]
The Government in fact has sidestepped its responsibilities with regard to the economy and the Arbitration Commission, rightly or wrongly, has been trying to fill this gap. [More…]
It has failed miserably to live up to its responsibility to control the economy. [More…]
For this reason the Government reviews its charges each year, taking into account ail pertinent factors, including the economic situation of the users of facilities and the contribution which air services make to the national economy. [More…]
The prosperity and wealth within the Australian economy have had an effect in 1970 upon the Australian armed forces, an effect never before seen in our national history. [More…]
This means that today, on a scale never known before, our highly trained technical servicemen and administrators at all levels and ranks are more likely to be attracted out of the armed forces into our rapidly expanding national economy. [More…]
Whenever the Government has had to dampen down the economy it has on every occasion taken action that has affected the home building sector of the building industry. [More…]
I will deal at a later stage with this question of dampening down the economy and increasing interest rates. [More…]
This was done at a time when the liquidity of the trading banks was being pressed because of the downturn in the rural sector of the economy. [More…]
Therefore, the Government, through its organisation the Reserve Bank, called in deposits of 1 per cent to be placed into the statutory reserve deposits and this happened at the very time when there was a depression in the rural sector of the economy. [More…]
As a result, the trading banks had to make a choice and the easiest sector of the economy to hit and to refuse advances to was the housing sector which included building societies which required finance. [More…]
They cannot continue to do this without injuring themselves by smog and pollution and without upsetting the whole economy of this country. [More…]
Does the Government feel that the Australian economy and our producers for the export markets can afford such a reduction in working hours? [More…]
At this point of our national history, we have an economy which, I think, is - this is how the commentators claim it to be - in good shape. [More…]
What I would like to see is a fully employed economy - fully employed not only in the sense of the work force but also in terms of the constituent parts of it. [More…]
If one maintains the argument that it is a regressive tax - 1 will come to the incidence of it in a minute because 1 think that is relevant here - and if one looks at the tax in terms of the whole of the Australian economy and criticises it in this way, then 1 believe one is assuming that the Commonwealth alone should have the power lo raise taxes. [More…]
That is his proposals in the Budget - a Budget shaped to the requirements of … an economy still threatened by disruptive inflation’? [More…]
T feel I must strongly emphasise the importance, particularly in view of existing demand pressures in the economy, of ensuring that there is not at this stage any substantial loss in budgeted revenue collections such as would occur if the Commonwealth did not legislate on the basis requested by the States. [More…]
I have no doubt that as the productivity of the Australian economy changes and improves - I believe it will do that in spite of the very considerable shackles that are being put on it by industrial disruption which, I am afraid, honourable members of the Opposition are sponsoring - it will be possible then to give more to one section without taking it from the other, because we will be able to give it from the increased productivity. [More…]
It will encourage exporters to look beyond the conference lines whenever conference enterprise is unable or unwilling to meet the legitimate needs of export economy. [More…]
To that extent, it must have an effect upon the whole capacity of the nation to have a stable economy as the result of its foreign exchange earnings. [More…]
The economy of Yugoslavia is growing at a strong rate and market forces are allowed to influence purchasing decisions to an increasing extent. [More…]
Now we are a long way behind countries such as Western Germany, the Scandinavian countries and Japan in our ability to make these adjustments which are necessary to remove the resistances that a competitive free enterprise economy invariably puts in the way of economic change and development. [More…]
lt is hardly necessary to point out that, despite our mineral boom and the growth of the manufacturing sector of the economy, approximately half of our total export income is still derived from the sale overseas of our primary produce, lt also bears repeating that the wool industry still contributes over $700m annually to the economy. [More…]
In the interests of the Australian economy, our taxpayers, and particularly our exporters, let us do everything possible to ensure that we achieve the very laudable objectives which lead us to enter the field of international shipping. [More…]
This is a matter of national transport policy because Tasmania is completely dependent on shipping for its role in the national economy. [More…]
What will be the effects of a 12 per cent rise on Tasmania’s economy? [More…]
What is the most effective way to strangle a country’s economy? [More…]
The whole of her economy is geared to shipping. [More…]
This is a catastrophic blow to our economy at one point of time. [More…]
It is a major and massive setback to our economy and will be felt within the next 6 months. [More…]
One of the most rapidly developing facets of modern economy has been the field of transport. [More…]
Firstly, I would like to emphasise that as I understand the significance of transport in any economy, be it in Australia or anywhere else, it is paramount that transport should be a means towards achieving the movement of goods and people as quickly and as economically as possible. [More…]
The produce merchants play a very important part in the farm economy of a district. [More…]
Now is the time to begin considering how Indonesia’s developing economy and the expanding Australian economy can be more usefully integrated - rather than at some future date when strident domestic pressures on both sides will make rational planning difficult or impossible. [More…]
Rather the Commonwealth should have the power to intervene, when necessary, in those major basic industries, which exert a profound influence on the price level of the economy, such as steel, aluminium, oil, petrol and chemicals. [More…]
These are the major price prime movers in the economy. [More…]
The domestic mechanism controlling the economy is seriously out of balance. [More…]
If the Government took more note of interest rates, shipping rates and things like that which are increasing the cost of production in the rural sector of the economy it would do a far better job. [More…]
The crux of the question is this: How would the Labor Party manage the economy and the inflationary problem confronting this nation compared with the Government’s record in that regard and its general approach to the problem of increasing costs? [More…]
All that does is to foster and encourage illegal methods of trading, black marketing, under the counter prices and shortages of goods throughout the economy. [More…]
This Government has been very conscious of increasing costs and has managed the economy over the past 20 years in a way that is equalled by very few countries in the world. [More…]
Let us imagine a Labor government fulfilling all of its extravagant promises - promises which would involve greatly increased Government expenditure - promises which could not do other than increase the inflationary pressures in our economy. [More…]
During the past year the Government has tried deliberately to reduce inflationary pressures within the economy. [More…]
The main thrust of the recent Budget was directed towards curbing the inflationary pressures within the economy. [More…]
It had within it a very high domestic surplus which has a tendency to withdraw money from the economy. [More…]
Our economy is dominated by some 200 companies including 40 giants. [More…]
This is the pushfulness of powerful trade union leaders possessed of great industrial power and using it to force employers, by the use of naked force, to grant them wage increases and increases in conditions which the economy really cannot afford in real terms. [More…]
Of course it can afford them in money terms, but when we are talking about an economy we are talking about it in real terms. [More…]
He halted those increases which would have had such a disastrous, snowballing effect on the economy of his country. [More…]
Without going into this whole difficult question of how to assess the impact of the Budget on the economy, two points can be made which are consonant with the general theme of this article. [More…]
The great irrigation schemes that have been developed in the past have been developed as an integrated part of the economy and have been designed to keep the food supplies flowing to the cities. [More…]
The major threat to our economy and stability at the moment is from the cost side. [More…]
As one economist has observed, the philosophy behind the usual view of the gross national product is appropriate to what he calls ‘the cowboy economy’ in which ‘consumption is regarded as a good thing and production likewise’, with success being measured by the amount of ‘throughput’. [More…]
In the spaceman economy of the future, throughput is something to be minimised rather than maximised. [More…]
For this reason the report of the Commission for 1970 is much more detailed than previous reports on the Tasmanian economy and the Tasmanian fiscal structure. [More…]
I do not intend to examine the wealth of new material on the Tasmanian economy put forward in the Grants Commission report for 1970. [More…]
Part of the reason for these extreme fluctuations in growth is the susceptibility of the Tasmanian economy to natural disasters such as flood and fire. [More…]
I have heard the total investment in the industry variously estimated at between $8,000m and $ 1 0,000m, but whatever the actual figure is the state of the industry has a widespread effect on the Australian economy and of course a substantial effect on the export earnings of this country. [More…]
There is a complete tie-up, not in the interests of the Australian economy or the Australian family but in the interests of the exploitive forces which are enshrined in the auction system. [More…]
They must be followed by long term measures which would have a general effect on the whole of the rural economy throughout Australia. [More…]
A lot of problems will face our economy and those interested in the well-being of the farming community. [More…]
Firstly, there must be immediate action to stabilise the industry’s economy on a sound economic basis for the producers. [More…]
But there is nothing in the Bill which would have cut us off from the continuing ties that have bound us to the conference lines, the monopolistic shipping cartels, that have been strangling not only rural industries but also the economy of this country generally. [More…]
We might well substitute the word ‘economy’ for the word ‘government’ but I suppose that the problem can be seen as being one and the same. [More…]
Hitherto, economy and safety have been the main criteria of operations, but one would hope that henceforth safety, noise abatement and economy in that order will constitute the criteria. [More…]
We are in a growing and advancing economy. [More…]
We must face the fact that we cannot have advancement and the improvement of the technical services that are vital in a growing economy like Australia’s economy in 1970 without some burden resting upon the shoulders of the average man. [More…]
Where would our economy be without this contribution? [More…]
What will happen to our economy if the wool industry collapses? [More…]
This article is contained in a book entitled ‘Agriculture in the Australian Economy’ which was first printed in 1967. [More…]
Does the Treasurer agree that the sharp seasonal liquidity fluctuations in Australia are damaging to our economy, particularly as they result in conservative Treasurers applying harsher monetary measures, such as even higher interest rates? [More…]
Australia’s Trading Economy’ is an exposition of Australia’s trading and economic structure as a background to trading attitudes. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
But it was along the lines that with wage awards in the arbitration court and in other areas, the control of the economy was not entirely now in the hands of governments - not just the Commonwealth Government, but governments generally. [More…]
This is no real change in essence from what has occurred before, but it has become much more evident because the effects on the economy of such awards have been much heavier and have led to much greater cost increases. [More…]
This is an area where no government can interfere at the moment in the present state of the law, and that being so, it must be conceded that it is an area where decisions can be made which have a very great impact on the economy but which cannot at present be affected by governmental action. [More…]
In view of the announced intention of the Prime Minister to curtail expenditure in the public sector of the economy, does the Government intend at this stage to continue with the construction of the costly and economically doubtful nuclear reactor at Jervis Bay? [More…]
It was one of a series of measures designed to stimulate demand and restore confidence in the future growth of the economy and was particularly directed to encouraging expenditures on equipment and re-equipment of manufac.turing industries which were then at a low ebb. “ [More…]
Its annual expenditure is large and Parliament has the right to expect efficiency and economy on the one hand and responsibility on the other. [More…]
by leave - Mr Speaker, I recently spoke to the nation on the state of the economy and on the likely inflationary effects of the Commonwealth Conciliation and Arbitration Commission’s award of a 6 per cent increase in wages and salaries. [More…]
There is perhaps a very rudimentary form of a bill market in Australia and it is time that the Government considered stimulating a true bill market, because if one takes the example of the English financial system the rate of discount for bills of exchange is the main economic regulator of the British economy. [More…]
In this context and in the context of this Bill it is not too much to say that this country needs now, and will need increasingly in the future, to find ways and means to cut unnecessary accounting and book-keeping procedures where there is an unjustifiable cost - or where the cost is greater than the benefit - because that is a charge on the Australian economy and we ought to seek ways in the public and the private sectors of minimising such costs. [More…]
Would the economy of this type of power station be competitive wilh fossil fuel plants. [More…]
Chairman of the Tariff- Board stated that the Board is supporting a study project at Monash University on the longer term effects of protection on the Australian economy. [More…]
Australian Economy (Question .Vo. [More…]
When we met at the Premiers’ Conference before we sat around in a situation where it was perfectly clear that one of the causes of pressure in the economy was the demand by governments for building construction. [More…]
We have heard it from a number of quarters - from industry and manufacturers - that migrants are creating a strain on the economy and that the programme should be cut back. [More…]
Those who understand the technical implications of a cost benefit analysis dealing as it does with the economy seen on a macro basis will understand the need for the time involved. [More…]
ls he able to say whether the United States of America compiles statistics in respect of productivity for the private sector of the economy and in relation to (a) output per man-hour, (b) output per employed person, (c) total output and (d) man-hours. [More…]
Briefly, the Commonwealth has stressed that in attempting to settle industrial disputes, decisions reached by the Commission should not be such as to have adverse effects on the economy which would be detrimental to the community generally as well as to the parties immediately concerned. [More…]
and (3) There is an inducement for individual unions and their members to co-operate with management in securing higher productivity in particular industries because by doing so they will increase the capacity of the economy to sustain real wage increases from which everybody benefits. [More…]
Has his attention been drawn to the estimate in the annual report of the Tariff Board that tariff protection to Australian industries is costing the Australian economy up to $2.700m a year. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
Does the AttorneyGeneral agree that it is most desirable for the stability of the economy to have a well regulated and impartially conducted stock and share market? [More…]
The financial assistance does not include maintenance of existing works, but is directed to the carrying out of new works, and will enable the local government authorities concerned to accelerate the completion of those works: The proposed works will provide a high degree of protection for areas subject to periodic minor and nuisance flooding, and will make an important contribution towards strengthening the rural economy of coastal areas of the State. [More…]
Those questions are the state of the nation’s economy, the inflationary situation in which it finds itself and its impact on all sections of the community, particularly those wholly dependent on governments for their income or their livelihood or their opportunities. [More…]
On 3 previous occasions Liberal governments have failed to take in time effective measures to maintain the economy on an even keel. [More…]
Three times sudden, crude and belated action has brought the economy to a halt. [More…]
We are not even to be trusted officially with vital information on the economy which has been prepared by the Treasury, circulated by the Treasury and presumably leaked by the Treasury to private subscription newsletters. [More…]
I recently spoke to the nation on the state of the economy and on the likely inflationary effect of the Arbitration Commission’s award of a 6 per cent increase in wages and salaries. [More…]
There have been warnings for over 2 years about the present trends in the economy. [More…]
Such an unplanned economy has just been unable to cope with the ravages of the past two Budgets which have been so much th-; personal handiwork of the Prime Minister. [More…]
Pressure for wage increases and dissatisfaction wilh the arbitration system arise not from union greed or demagoguery but from a well-based belief that employees in this country, far from improving their position in the economy, are actually falling behind. [More…]
In 1961 Liberal policy for a third time stalled the economy. [More…]
Even Liberals would now have less difficulty in managing the Australian economy if they had been less sceptical of the proposals they commissioned from experts in movements of economic crisis and electoral despair. [More…]
The impact on the economy of his 3-year progression from one grand gesture to another is only now beginning to be felt. [More…]
Increases in interest rates announced by the Government last March produced a temporary contraction in some sections of the economy but have now been assimilated by industry as a part of its cost structure and even passed on to the consumer in the form of higher prices. [More…]
Mr Speaker, the Australian economy is not unmanageably large, nor are the economic problems which confront us insoluble. [More…]
The Prime Minister’s foresight injected last August $282m of tax relief into an economy already dangerously overstretched. [More…]
Vigour the Prime Minister reserves for pursuit of public servants who leak documents on the state of the economy, not action to improve the economy itself. [More…]
Management of Australia’s economy has for too long been undertaken on the basis of inadequate powers. [More…]
From the Liberal Party as a whole, we have total rejection of rational planning of our national economy as being too socialistic to contemplate. [More…]
I hope that I will be able to show conclusively that, while demand has had some impact, not a decisive one, the real problem that faces us today is rises in average incomes and the effects that rises in average incomes of the order of 7 per cent, 8 per cent or 9 per cent can have on an economy like ours. [More…]
As I said, at the end of last year in December we found that the inflationary tendencies that were inherent in the economy started to show themselves and these were highlighted by 2 phenomena. [More…]
What that did was to pump into the economy not S720m extra of purchasing power as stated by the Commission but S900m or more. [More…]
If one looks at the Australian economy one will see that we have to divide it into private and public expenditure, and when we are looking at the private sector we must first of all look at consumption expenditure. [More…]
Every Western country that I know of is faced with exactly the same problems as we are and only in the course of the last few days the OECD has issued a paper saying that restraint in demand expenditure cannot be the way in which these problems are solved because it can lead to a fall in production, a fall in productivity and vast unemployment and consequently can distort the economy in a way that certainly we as a Government think is completely impracticable. [More…]
it back by $75m and is to establish the foundations on which the economy can be closely .regulated by fiscal and monetary measures during the course of the next Budget. [More…]
The second goal is not to interfere with the growth and progress of the Australian economy. [More…]
Hitherto it has acted in a way that has been in the best interests of the Australian economy. [More…]
I find it somewhat astonishing to hear from the Minister for Foreign Affairs (Mr McMahon) that our difficulty in the economy at the moment is not in the field of consumption expenditure. [More…]
This seems to me to be the kind of lack of perspective that the Government has about the magnitudes which now move the economy. [More…]
The Leader of the Opposition (Mr Whitlam) in the course of his speech indicated that, taking the Australian economy in its totality, wages, salaries and supplements expressed as a percentage of the gross national product had fallen over a 15-year period from 63.2 per cent to 61.7 per cent and that in that time the number of people who are supposed to be sharing those wages had increased from 89.6 per cent of the population to 91 per cent. [More…]
What we in this House want to know is: What does the Government propose to do about the other nearly 40 per cent of the economy? [More…]
Looking at what has happened in the Australian economy over the last 10 years or so, it can be seen that there has been inflation at an average of 21 per cent per annum. [More…]
All that that serves to point out in the first place is that wages are not the only elements that are significant in the economy. [More…]
There is no need to boggle at the point that the wage is the most significant single economic factor in the economy because the majority of people who get an. [More…]
Let us look at the other 40 per cent of the economy. [More…]
The 2 great problems in a total economy are to do justice to people who have to live out of incomes and therefore ate concerned about prices - the majority of them in an industrial economy are wage earners - and to cut the right sort of balance between that part of the total which we do not consume today and that which we invest; that is, to strike a proper balance between consumption and investment, and to realise we divide investment into 2 great fields, public investment and private investment. [More…]
Most people, of course, are horrified by that sort of sum anyway, ls there very much difference between the total impact, if that is the argument, that the wage bill will have if it is S900m instead of $720m on an economy that is deriving a total income of about $32, 000m? [More…]
Who makes the decision in the economy that where there are limited resources for investment, as well as having good machines there have to be educated people as well? [More…]
Where are the Government’s prorities not only on the plane of economy, on the fiscal side, but also on the plane of humanity? [More…]
This was the long awaited and deeply considered Opposition comment on a very serious subject - one of the most serious facing our economy. [More…]
Our economy basically is sound, but dangerous tendencies are developing. [More…]
Sections of the economy can no longer stand further increases in costs and must be forced out of business if these trends continue. [More…]
We have a good economy, and the Government is determined to protect it. [More…]
The Government is not prepared to ignore the signs of pressure building up in our economy. [More…]
The Government has taken a lead by measures to reduce the demand pressures in the economy. [More…]
Inflation is the insidious white ant that can undermine the very foundations of the stable structure of our economy. [More…]
The Government anticipates that the 6 per cent increase will pump between S900m and $950m for a full year info the national economy in increased wages. [More…]
But this cut is part of the general picture of the economy as we see it. [More…]
The economy was, until about the end of last year, in a state which caused no grounds for excessive worry. [More…]
This is not the only element in the economy but it is the one which, over the rest of the Western world, has brought about continual rises in costs and prices. [More…]
They have become an alternative banking system able to innate the economy outside Reserve Bank control and at the highest possible rates of interest. [More…]
I think it should have been obvious that this was physically impossible to fit into the economy. [More…]
The Government could have got away with this scheme of allowing its massive big business friends to inflate the economy in this way had it not been for the national wage decision at the end of the year. [More…]
Nevertheless the danger of inflation to our society and our economy is so serious that the Government must be prepared to take all useful actions within its power. [More…]
I know that this will be difficult for honourable members opposite, for it seems that they will promise anything to achieve power, even if they destroy the economy in the process. [More…]
lt seems somewhat odd today that after having heard a very short speech by the Prime Minister the other night regarding the state of the economy and inflation - it lasted about 7 minutes, and I have been accused of making interjections in this House covering almost that length of time - the first principal speaker on behalf of the Government was none other than a previous Treasurer, and ihe present Treasurer (Mr Bury) was seen to leave the House. [More…]
In the last couple of weeks the Prime Minister again had coming to this city leaders in commerce, trade unions and what have you, pleading about the state of the economy. [More…]
Of course, there is always a threat of excess demand in a fully employed economy such as ours, but unless it can be regarded as a serious threat it is not a proper base on which policy decisions should be taken. [More…]
The Prime Minister (Mr Gorton), by his own actions and by Cabinet action, unquestionably has given the impression to the Australian people that the Australian economy is critical and vulnerable to the possibilities of galloping inflation and a consequent collapse of the nation’s economic stability. [More…]
The Federal Treasury has warned the Government of the consequences to the economy if the current rate of overspending continues in certain sectors of the economy. [More…]
The rate of increase on consumer prices and wholesale prices in Australia is at a level which, if sustained or increased, will have a crippling effect on important productive sectors of the Australian economy. [More…]
All the economic indicators available point to a serious position unless the brakes are put on the economy. [More…]
Every person in Australia, except those who are making a lot of money out of inflation, is fed up entirely with this cruel, vicious and evil tax which is undermining the economy and forcing misery on those people who cannot fight inflation - the pensioners, those of fixed incomes and the export farmers. [More…]
Amendments should be introduced to provide the Trade Practices Act with real teeth so that it can engender competition in the economy. [More…]
I deal now with one sector of the economy which is of special interest to me. [More…]
Unless the Government has the political courage to stop and control the forces of galloping inflation which are taking charge of this nation the export sector of the rural economy will be engulfed in bankruptcy. [More…]
The economy is crumbling. [More…]
On the other hand, big business, such as steel, chemicals, oil and the joint foreign companies, which now are controlling much of the economy of Australia, will be fully entitled to rank him as one of Australia’s best Prime Ministers. [More…]
Let us agree on the fact that in the Aus.ralian economy today the farmer is the hardest hit and we must bend our efforts to ensuring he is not hit mortally. [More…]
Secondly, I suggest an end to the privileged position of hire purchase finance and like finance, which has become a major feature of our economy and a great sector of virtually uncontrolled banking with uncontrolled interest rates, and the use of the Commonwealth Banking Corporation as a weapon in this field to bring in and insist upon the social interests instead of the individual interests of the hire purchase sector of the economy. [More…]
In theory that is very fine but realistic economists have pointed out that the position that has been reached today is that if you tell the wage earning sector of the community that it must bear the brunt of inflation - the farming community is bearing it now - and that you will do nothing about the level of hire purchase interests which competitively result in dearer land, housing and everything else, since the people have to get the same sort of return they would get from the ice cream sector of the economy, they will not go into the more important ones. [More…]
Secondly, he pointed out the likely effects on the economy of the Arbitration Commission’s award of a 6 per cent increase in wages and salaries, a much greater increase than, anyone had thought possible. [More…]
He failed to acknowledge the present day relationship of the Australian economy with that of other countries on whom we depend for trade, balance of payments and, in short, our economic stability. [More…]
We all recall that in 1961 the economy was in difficulties but from a different cause. [More…]
When the Minister for Immigration (Mr Lynch) authorises a cost benefit analysis of immigration as it affects the economy the facts arising from that investigation are not available to me. [More…]
Inflation is an endemic problem of all Western countries with their kind of economy. [More…]
One of the fundamental causes is the economic surges that one gets in an economy, such as that which came about through the recent wages decision. [More…]
I should like to see it take in the shipping conference side of our economy as well. [More…]
Indeed, the Government has surrendered the control of the pace and development of the nation to monopolists and speculators to such an extent that we have become notorious across the world as having the most hag-ridden economy in the West. [More…]
This Government has created a milk bar economy staffed bv topless speculators. [More…]
But the Government has taken no action and has not given any direction lo the economy. [More…]
While the uncontrolled expansion of nor productive spending by the monopolies continues without check, the Government has failed also to adjust the trade situation which has contributed to the strains in the economy. [More…]
We have to use 16 per cent of our export income to pay profits and dividends to the overseas controllers of much of our economy. [More…]
The indictment of this Government is that it has allowed the economy to be plundered and the nation to be made poor in its riches. [More…]
I support the amendment proposed by the Leader of the Opposition (Mr Whitlam); The Australian economy is facing siege from a potentially dangerous inflationary prob lem. [More…]
While real estate speculators, stock exchange gamblers and manipulators, profiteers and their ilk stand to gain in the short term, overall unchecked or feebly modified inflation will sap an economy and cause grave social and economic damage. [More…]
Among those unable to cover this loss will be many firms whose contribution to the economy is valuable and desirable and ought to be fostered. [More…]
Apart from the Public Service, what are the proposals of the Prime Minister (Mr Gorton) to contain the tertiary sector where 60 per cent of the work force is employed and where there is least competitive pressure in an overall economy that badly lacks a competitive edge. [More…]
There is no grace in cutting away at foreign aid when we are now the fourth wealthiest advanced economy in the world with per capita gross national product of $1,991, while Ceylon’s per capita gross national product is $200 and India’s and Indonesia’s only $110. [More…]
The Treasury document ‘The Australian Economy 1970’ said of the causes of price rises in the preceding 12 months: [More…]
The very heart of our inflationary problem lies in deep seated structural defects in the economy. [More…]
These defects have developed over a very long term, they are well entrenched and efforts to pare away the inefficiency that they cause in the economy will be vigorously resisted by pressure groups identified with the causes of some of these objects. [More…]
Australia needs a more competitive economy where the price mechanism can be given a reasonable chance of working. [More…]
This is a cost borne by the rest of the economy and contributes to inflationary strains. [More…]
But attacking these problems - mat is, aiming at structural reform - in the economy takes time. [More…]
This means that monetary controls of the volume of money moving around the economy fall largely on smaller enterprise and are fairly limited, and certainly unselective, in effect. [More…]
We have now reached the danger point where this can no longer be done with safety to the economy. [More…]
However, let it be clearly understood that short term remedies applied without the necessary deep seated structural changes in the economy, which are the main source of our present problems, will be largely a waste of time. [More…]
Frankly, it is the long term implications of our slipshod, piecemeal handling of the economy which causes me greatest concern. [More…]
I fear however that we cannot continue to batten on to completely fortuitous circumstances such as wool, wheat, beef and min eral booms popping up in a cyclical fashion to prop an otherwise flagging economy. [More…]
I believe his speech to the national Parliament should have been seriously presented, seriously intended, seriously prepared and carefully researched to meet the Government policy squarely with clear counter proposals demonstrating solutions, analysing the economy and giving a clear statement of high policy. [More…]
His speech was a hotchpotch and I think it was clear that he had the greatest trouble in delineating what the problems are in our economy. [More…]
It is true that we have been spared yet another proposal to set up a committee to examine the problems of our economy. [More…]
In the first statement he mentioned developments which had taken place and said that the problems facing the economy today were two-fold, firstly a 1.9 per cent increase in the consumer price index for the 3 months ending December last year and on top of that the effect of the Commonwealth Conciliation and Arbitration Commission’s award of a 6 per cent increase in wages. [More…]
All of us are aware of the many institutions - perhaps the most powerful being the Reserve Bank - in our economy which are involved, in all aspects. [More…]
The economy is complex. [More…]
The operation and administration of an economy is detailed and complex. [More…]
There is, I believe, a very proper role for the States within the national economy in the maintenance of our federal system. [More…]
It is not possible to control prices without controlling every aspect of the economy. [More…]
I welcome the opportunity to take part in this debate on the amendment which has been moved to the motion relating to the excellent and concise statement by the Prime Minister (Mr Gorton) regarding his action to deal with the state of inflation which, it is apparent to all, presently exists in some quarters of the economy. [More…]
When 1 asked the man why he felt this way he pointed out that the rate of increase in wages in some sectors of the economy was not giving the people he serviced as postmaster a fair opportunity and a fair slice of the national cake. [More…]
We listened for 7 minutes to the Prime Minister outlining his remedy for what is wrong with the Australian economy. [More…]
Now we have heard the Prime Minister describe the state of the economy in 7 minutes. [More…]
Out of all this conglomeration comes one thing: The disunity in the Liberal Party amongst the top level Ministers indicates why the economy is in the state it is in today. [More…]
Anybody would think that we had given the economy the fillip, as one says, and the wage increases and all those things. [More…]
Now with a spiralling economy honourable members opposite attack the Arbitration Commission. [More…]
All the time he was trying to put responsibility for all the shortcomings in the economy and the inflation which exists on to the Arbitration Commission and on to the backs of the judges whom the Government has appointed. [More…]
If honourable members opposite believe the people are not interested in the state of the economy they should look at the election results in New South Wales and at the number of votes received by the Liberal Party at the last Senate election. [More…]
As late as last Saturday they would not support the Government Parties in New South Wales simply because the policy the Government has foisted on the Australian people is one which is completely destroying the economy. [More…]
But this is what the Government is doing to relieve the economy. [More…]
Look at the economy drive of the Prime Minister. [More…]
Evidently nobody told His Excellency about this economy drive so in the middle of it a guard came here at a cost of $600 a minute and he winged off to Sydney in a VIP jet to see the cricket. [More…]
This completely destroyed the economy drive the Government is making on the watering cans and things associated with Canberra. [More…]
Without their support the Australian economy would not be as stable as it is and our progress would not be so great. [More…]
I ask the Treasurer whether he knows that the Japanese Minister for International Trade and Industry - that is, MITI - will come to Australia in April and, as well, a large delegation of Japanese calling itself the Australian Economy Research Mission will come here in March. [More…]
I refer to the statement on the economy that he made in this place on Tuesday night, in particular his reference to the proposed reduction in the staff intake of the Commonwealth Public Service. [More…]
Any country that operates on that type of economy is doomed to a very serious depression with great frequency. [More…]
What sort of economy would we have if we embarked on this course, with this stop-go business of having a sugar industry one minute but not the next. [More…]
The effect that the industry has on the economy generally and on the development of that area is almost astounding. [More…]
I need say little more than that to emphasise the tremendous importance of this industry and the part it is playing in our national economy. [More…]
If that market is taken away and alternative markets are not provided it will lessen the capacity of the sugar industry to provide these concessions, lt will lessen the capacity of the industry to play its part in the national economy. [More…]
They do not have any effect on this section of the economy. [More…]
It contained a report that a reason for the withdrawal of Australian forces from Vietnam was that it was part of the Government’s economy compaign. [More…]
One of the main problems of pensioners and the economy has been the undue pressure brought to bear upon resources by increases in average earnings. [More…]
We are on a plateau now because the economy is overstretched and the Government is trying to bring under control the forces of inflation which threaten pensioners as well as everybody else. [More…]
Let us not forget that this Government, which is elected by the people, is charged with the responsibility of maintaining real value in the economy. [More…]
I know that the Government is giving consideration to the requirements of such people because of the change in the economy. [More…]
However, this Government is charged with the responsibility of preserving the stability of our economy. [More…]
I severely censure the Government for creating the present unsatisfactory position in the economy, for not keeping the Parliament informed of the trend of the situation and for not introducing a supplementary Budget to assist the needy, the sick and the aged. [More…]
There is no planning as to which way the economy will go. [More…]
I do not think anybody should be employed anywhere if he is not needed but it is : certainly very false economy not “to employ somebody whose services are ‘needed because ail that is done in that’ situation is to reduce the effective output of the: department. [More…]
The volume of work grows with the population and the general development of the economy. [More…]
All of this is done on the supposed score of economy. [More…]
This is not so and present discussion of the wide-ranging forces that operate within our national economy might make understanding very difficult indeed. [More…]
Except for the converted minority, Australians do not have much appreciation of the role of productivity in our economy. [More…]
How can we increase the knowledge of all citizens about productivity - what it means, and how it affects each individual as well as the economy as a whole? [More…]
It would seem that the economy is geared to rootless speculation, and there is certainly a need for more Treasury action than has been undertaken so far, particularly in relation to some of the matters which have come before the Parliament this evening. [More…]
I ask the Treasurer whether, in relation to the money that has been expended by him and the advances and appropriations that have been made, he is satisfied that the Treasury is fulfilling the role of guiding the Australian economy for the sake of Australia and its people and is not acting as an umbrella for unbridled speculation and uncontrolled exploitation by home grown and foreign monopolies. [More…]
If he does not have adequate advances, appropriations and staff and the necessary means, let him tell us, because in fact the Treasury has not been the guiding hand in the Australian economy which we have needed. [More…]
I am asking the Treasurer whether, within that context, he is satisfied that he has the physical means at his disposal to give the guidance to the economy which it obviously so desperately needs, and also the means to tackle the waterfall of $2,600m. [More…]
lt is pertinent that the Public Service should study productivity because productivity is important to the whole economy and it is certainly essential that Commonwealth agencies should, wherever possible and relevant to their functions, take the lead in this matter. [More…]
Here we have an example showing where taxation powers can be used, not so much for the purposes of revenue but in order to allocate resources in particular directions in the economy. [More…]
Nevertheless, in my view, interest rates by and large are excessive in the Australian economy today. [More…]
There is no guarantee that if something which was brought in to activate the economy is reversed, such a move necessarily will have a decelerating effect. [More…]
I was intrigued to hear the remarks last Thursday of the Government speaker who followed the Leader of the Opposition (Mr Whitlam) during the debate on the economy in which the Opposition sought to record a vote of no confidence in the Government. [More…]
We have allowed our economy simply to drift along. [More…]
It is by this action that the Government says it will dampen down substantially the areas of the economy to which it has directed attention. [More…]
Surely nobody argues that it is better for the economy in total that it should produce less rather than more, yet we go fairly close to that kind of proposition with some of the shallow and shabby sorts of analyses that have been made in economic statements by the Prime Minister (Mr Gorton) and others in the last few weeks. [More…]
Surely the Australian economy is no different from most others; after all, we are short of total resources and this goes all the way from skilled manpower to capital resources. [More…]
What is $25m in an economy that is running at the rale of S32,000m annually? [More…]
I do not think my friend the Treasurer would maintain that he is accurate enough to operate within a margin of $25m in an economy as large as ours. [More…]
I have grave doubts whether it will reach the real problem besetting the Australian economy at the moment, that is the distortion in the pattern of our investment not in the factories but in what goes into the factories. [More…]
The legislation now before the House flows directly from the talk by the Prime Minister (Mr Gorton) to the nation on the subject of the economy and the likely effect of the 6 per cent increase in the national wage granted by the Commonwealth Conciliation and Arbitration Commission. [More…]
Cabinet is said to have examined the danger spots in the economy, such as where demand is growing most strongly. [More…]
We have discussed the important state of our economy but now that has been put to one side. [More…]
Despite the fact that the Press throughout Australia and the news media continue to report the state of our economy from day to day. [More…]
Will the Postmaster-General give the House what information he has on the hold-up of cables and mail in Australia and endeavour to get the union or unions to see the damage they are doing to the Aus tralian economy, including the activities of woolbuyers who expect buying orders io be among the cables, and small businessmen who do not have direct Telex communication? [More…]
So far as the entrepreneurial section of the community is concerned, I asked for restraint in those sections of commerce where, in a fully employed economy as we have had over the last 2 decades, there is always a situation of strong demand. [More…]
Is he aware, I ask with deference, that such a deferral would be no less than a statistical disaster and, in the direct sense of the term, a false economy? [More…]
Is it the Government’s intention to have the same stop-start economy which we have seen with a successive number of LiberalCountry Party governments? [More…]
Sleight of hand tricks such as the present announcement add nothing to the total knowledge or acceptance of responsibility which all sectors must share if we are to match and overcome the problems of inflation which arc bedevilling the economy. [More…]
What the representative of the manufacturing interests is saying is that what was put in as a concession, a type of backhanded subsidy, at a time when the economy was flat and depressed should be maintained or they will increase the price of their commodities. [More…]
I wondered whether it was the beginning of a move to re-vamp the economy in a method different from that which had been applied during the McEwen era. [More…]
We seem to be hitting hardest at the least offending section of the economy. [More…]
A year or so ago the Treasurer was reasonably happy with the balance of the economy. [More…]
No-one has recognised the problems facing the economy at present. [More…]
This is what is happening in the present state of the economy. [More…]
The other evening in a debate on inflation the Minister for Foreign Affairs (Mr McMahon), who was formerly Treasurer, said that the present state of the economy is due to the decision handed down by the Commonwealth Conciliation and Arbitration Commission in the national wage case. [More…]
Do not let it be said that the Government is helping the economy, lt has created a phoney sense of fear. [More…]
Of the 3 growth areas manufacturing has had the least growth but has been continuous and will remain a continuing factor in the economy for, I hope, as long as I am on this earth. [More…]
If it is a matter of embarrassment to this company, God help the ordinary, run of the mill companies in Australia because the Australian economy is generally accepted to be under the control of 200 companies and 40 of those companies are considered to be. [More…]
Whilst these steps are possibly commended publicly the use of such trivial financial cuts will have no real effect at all on the nation’s economy or on the future cost of living in this country. [More…]
If the Government is serious and really wants to do something about the state of the economy - the inflationary spiral as it is being called - it will at long last recognise that there is a need to look further ahead than tomorrow. [More…]
It is essential to plan for the future economy of this nation so as to ensure that strong and viable industries exist and that the fiscal measures which this Government will adopt will be of benefit and continue to be of benefit to those industries and will not have the effect, which for over too long a period has been evident, of generating a state of mind in which people say: ‘Grab everything while you can while (he going is good because tomorrow we are sure to have a recession’.. [More…]
I believe that the circumstances surrounding this Bill are such that they will create in the minds of the Australian people, especially those who think, considerable doubt about the capacity of this Government to manage Australia’s economy. [More…]
The issue was raised at the turn of the century when some people claimed that Australia should be a free trade country; that we should settle clown to being a rural nation and to having a rural economy. [More…]
If an industry is not economic it should be forced to become a more efficient instrument of the economy. [More…]
The investment allowance was introduced in 1962 at a lime of declining employment, slow economic activity and uncertainty a.-, to the outlook for the balance of payments, lt was one of a scries of measures designed to stimulate demand and restore confidence in the future growth of the economy . [More…]
The economy of this country is divided clearly and sharply into two parts. [More…]
In past months the Treasurer has stated frequently that the economy was overheated and that this was causing concern. [More…]
That may have been so in half of the economy of the nation. [More…]
But the other half of the economy, that is the export earnings of the rural sector, has not been overheated; it has been in a state of deep freeze. [More…]
He says: ‘You know, the economy is doing well; it is over-heated. [More…]
The number of beneficiaries involved and the amount of money that would be paid to them if such children were recognised as dependants would not wreck the economy of the nation. [More…]
I wish to make it clear that this is, of course, what the Arbitration Commission is required to do and also to make it clear that I and members of my Government will continue to make public announcements on matters which we believe to be of critical importance to the economy, which is a far different thing from making destructive comments. [More…]
It can virtually wreck State budgets and it can to a quite considerable degree negate a government’s attempt to manage the economy. [More…]
I hope that thinking Australians will ponder these approaches to such great national problems and make up their own minds as to whether this approach which seems to pay no regard whatever to the economic effects of determinations on the country is an approach which is or is not responsible and is an approach which is or is not required in the modern context of the economy. [More…]
Does the Minister agree with the doubts expressed by the President of the Conciliation and Arbitration Commission about the practicability of keeping wage increases within the bounds of productivity in a full employment economy? [More…]
One of the very real factors which has emerged in the economy over the last 3 or 4 years is the increasing proportion of total wages which come from overaward payments. [More…]
I would very much doubt the economy of reprinting now some of the annual volumes which are in short supply. [More…]
Honourable members opposite have been saying - one honourable member in particular has been saying this; I will not name him for obvious reasons, but he represents an electorate not more than the width of the river away from the electorate which I represent - that the economy has been in cold storage. [More…]
In all this nonsense about the economy, and with $200m a year being wasted in Vietnam and all the other things that go on, the honourable member for Deakin picked on Commonwealth public servants and Commonwealth cars. [More…]
1 point out that this is a matter of great concern to the economy of the Territory. [More…]
The Administrator’s Executive Council is fearful that a decision to increase rural wages in 2 years time to $6.40, as recommended by the Cochrane inquiry, might have very serious repercussions on the economy of the Territory. [More…]
I am glad that the Hunter Valley region has been shown more sympathy in this legislation, but it is still not enough in terms of the importance which this region plays in the Australian economy. [More…]
So we see in the ingredients I have just mentioned the substance of an economy that is basically sound. [More…]
I believe this has given the economy an inbuilt inflationary pressure well in excess of 5 per cent and probably in excess of 6 per cent. [More…]
If we let one sector of the economy get out of step or substantially out of step with that 9 per cent, we will strike inflationary pressures and we can expect that prices in that sector of the economy will rise substantially, We will undoubtedly create imbalance in the economy. [More…]
Australia did not enjoy this strong balance of payments position 20 years ago when the Government set out to broaden the export base and diversify the economy. [More…]
In short, in 20 years and because world agricultural prices and market difficulties made it necessary, we have transformed the industrial base of our economy. [More…]
In a full employment economy, and with uncontrolled profits and prices, wage stability is impossible to achieve. [More…]
If on each successive occasion when funds are granted it means that the States do not have to worry about increased wages granted in awards and do not have to worry about their expenditure, what prospect is there for re-establishing stability within the economy and containing the adverse pressures of inflation? [More…]
Recognising the importance of transport in the cost structure of the economy, we are establishing the Bureau of Transport Economics to provide us with better information to use as a basis for policy formulation. [More…]
When did the Opposition argue positively for increased productivity which is the real base on which our national economy rests? [More…]
In view of the vital importance of the scheme to the rural economy will the Minister give some indication as to when funds will be available to the respective Slate governments? [More…]
What has to be considered is not only the amount of money but the resources available, the teachers available, the builders available, the bricks and mortar available and the strains on the economy that may have to be taken into account. [More…]
He seemed to be implying that the economy might not be able to cope with it all. [More…]
Of course, the rate at which this sort of repayment is made as the sales are finally made overseas can have what are called lead and lag impacts upon the Australian economy. [More…]
At least we were led to believe that resort to Reserve Bank credit had an expansionary effect on the total economy. [More…]
This is much better treatment than most people in the Australian economy have had in recent times. [More…]
They were interested in new initiatives from Australia to increase the trade which has been static for some years- The Indian Government wanted to do this and awaited an Australian initiative but they were in the middle of a general election and obviously did not want to operate publicly, and direct attention to the shortcomings in their economy. [More…]
The Minister has said that about $100m has been injected into the Australian economy. [More…]
Unless it is compensated for by taxation it will be an extra force in the economy. [More…]
We have to be very, very careful to see that if we continue to inject money into the economy it is matched by productivity or by something which we can sell. [More…]
It could be argued to the Japanese that their economy would benefit because of cheaper feed and of greater export opportunities. [More…]
Any circumstances which would tend to provoke further lack of confidence would be calamitous to not only the purchasing policy of the Commission but the whole of the Australian economy. [More…]
We live in an economy where it is frequently necessary to base prices not on historical costs but on replacement costs and it is frequently necessary to build into the pricing mechanism the amount of money that will be necessary to cover the increased cost of purchase of equipment. [More…]
Already the deteriorating economic conditions of the wool industry are having a marked effect on the Australian economy. [More…]
Mr Maiden pointed to the very considerable efforts that are being made by the Nixon Administration to stimulate the American economy. [More…]
There is a potential within which the Australian Wool Commission could have saved the Australian economy about $80m in export earnings. [More…]
The only reason 1 can think of is that it is just one further example of the Labor Party’s attitude to the Australian economy as a whole. [More…]
Is it not dreadful that with men dying in Vietnam, pensioners in this country practically starving and the economy gone to ruin, so we are told, Ministers are not interested in any of those matters; they are only interested in whether they will survive? [More…]
These people do not have the courage necessary to go to the Australian people and to ask for the powers which are required to give governments the economic powers needed to control the Australian economy in the manner which they may think fit. [More…]
These reductions in services are called an economy drive. [More…]
But the poor old farmer has to suffer because of such a ridiculous, indiscriminate economy drive. [More…]
Although the loss of markets, specifically in terms of fruit, sugar, soft wheat and similar products may not be in aggregate greatly detrimental to the economy of Australia - that is relative to the total gross value of production or even the gross value of our exports - to a region any significant loss of a market and any significant reduction in income could not only affect primary producers but, through the multiplier theory, influence and affect greatly those who depend on the hard core or nucleus of primary production. [More…]
Now of course people have had it brought home to them that, as a result of Vietnam, the United States will never again intervene on land in Asia and that the American Congress and people are bitterly resentful of those who they believe inveigled them into this imbroglio which has deeply divided their country’, ‘alienated their youth; demoralised their army and disrupted their economy. [More…]
In the area that I represent the growing of dried fruit has become proportionately less important to the economy of the district over recent years, so that the vast weight of opinion in relation to these matters must now, of course, come from the next door electorate of my friend the honourable member for Mallee. [More…]
There is an automatic interweaving of different products, affecting the entire economy of those areas, as in the diversity of uses for grapes in both the wine and dried fruit industries. [More…]
Will the Minister indicate whether any rise in wool prices may reliably be expected, which would help to restore the economy of an industry which is so vital to this nation’s economy? [More…]
If one cares to look at the report given by Mr Alf Maiden, the Managing Director of the International Wool Secretariat, to the Australian Wool Industry Conference only a fortnight ago one will see that he referred to several factors which seem to indicate that there is quite a reasonable prospect of market improvement Those factors included a very real prospect of a general improvement in the economy of the United Stales of America and a general lowering of world interest rates. [More…]
As I mentioned earlier, variations in different States in the standards set for pollution control can have an important effect on the economy of some industries. [More…]
In a technically developing economy the capacity of a given volume of capital investment to produce increases each year. [More…]
The Royal Commission’s report preferred to observe that of the 2 processes overall economy is ensured in the one case by restricting benefits and in the other by limiting beneficiaries. [More…]
If the national compensation scheme achieved the economy of operation expected of the New Zealand scheme of 10 per cent retention ratio, there would be an additional S50m in real terms available for extra benefits. [More…]
As far as the economy is concerned, the added cost burden would be slight, coming almost exclusively from the petrol or tyre tax for any additions above current third party insurance income necessary to cover the current rate of outgoings. [More…]
This would be diffused and easily digested by the economy. [More…]
The cost of the payroll levy is a transfer cost from one method of income raising, namely, employers liability and workers compensation insurance, plus public risk third party insurance, to another form; that is, there is no additional burden cast on the economy. [More…]
I was disappointed - I am sure the Minister was disappointed - that the Government decided, when considering the last Budget, that because of the state of the economy and because of the money spent on the new health scheme, it could increase pensions by only 50c. [More…]
In order to prove their sincerity members of the Opposition should show what other sectors of the economy are to suffer to supply the vast funds which would be required to satisfy their demands. [More…]
The Government is charged with the responsibility of maintaining a sound economy. [More…]
This situation has been brought about by the Government’s total lack of coherent planning or policy in social welfare matters, combined with a complete lack of responsibility in its decisions affecting the Australian economy. [More…]
The fact is that the Australian economy is the responsibility of the Government. [More…]
The inflationary nature of the economy in which average earnings rise by 5 per cent or 6 per cent per annum makes it difficult, if not impossible, for people to save in preparation for retirement. [More…]
In an economy where money incomes are rising, as they have been in Australia over the last 30 years, it is inevitable that most savers will be bitterly disappointed with the outcome of their savings efforts when assessed in terms of their incomes at the time of their retirement. [More…]
This post-war period which he uses as a base comparison was a time when this country had to sacrifice and work to make up for the ravages of war on our economy and the wastage of men and resources that occurs during such wars - men and resources that could have taken this nation to great heights in the 1940s if there had been no war. [More…]
Since input-output tables provide this detailed information not only for one industry, but for all industries, inputoutput tables represent a fully integrated and internally consistent information system on the cost and output structure of each industry, and of the economy. [More…]
The unique information provided in the tables on the flow of goods and services in the economy, together with their ability to show the inter-industry and inter-sector effects of specific changes in economic policy, mean that the tables can be used for national planning of either the directive or indicative type. [More…]
Instead of acting as other countries have done, the Government prefers to let the economy drift with the rising tide of inflation, rather than attempt proper methods of direction. [More…]
If it can be accepted that one of the prime aims of government is to improve industrial relations, the enforcement of a bad law merely for enforcement sake is quite irrelevant and, at the same time, most harmful to the economy and national unity. [More…]
Everybody knows, and no-one disputes the danger that inflation represents to the economy and. [More…]
One thing which I should point out and which I think that the Government should recognise is that any attempt to place restrictions on arbitration - to some it may be a nice thought and it may even be possible to argue that it is in the interests of the national economy, although 1 very much doubt it - which would prevent the Conciliation and Arbitration Commission from giving decisions based on the evidence provided to it will ultimately destroy the arbitration system. [More…]
If you try to aggregate all of the inputs throughout the economy into the Leortief type of input output analysis it becomes a very difficult proposition to obtain a decision on how much of the increase in national productivity is earned by labour, by management, by technological change and by substitution of labour for capital. [More…]
Surely that would not be beyond the resources of our economy. [More…]
The point is: Is $16 a week sufficient for a pensioner and can the economy afford to pay more? [More…]
This is the crucial question because this depends upon the degree of productivity of the economy. [More…]
We ail have a stake in productivity in the Austraiian economy and, whether it be some kind of economic malfunctioning, whether it be some kind of unnecessary strike or industrial disruption, or whatever it may be, a thing that strikes at Australian productivity strikes also at the possibility of paying more to pensioners. [More…]
Will the Minister indicate the effect on the economy and on employment and conditions in other industries which are dependent on power? [More…]
It would be no secret to this House that the Government remains strongly opposed to the introduction of a 35-hour working week because of the major effects it would have upon the economy, particularly the rural sector. [More…]
Secondly, because there are serious inflationary pressures within the Australian economy, this is not the time to be adding substantially to those pressures and to the annual wages bill. [More…]
I believe that, as the honourable member implied in his question, the unions ought to appreciate that the annual increase in the capacity of the economy to support higher wages and better conditions is certainly not unlimited and that with a given rate of productivity growth any increase in leisure hours can be in fact attained only at the expense of an increase in real wages. [More…]
Consequently we cannot isolate one particular area of the economy and ask that it be given a privileged position. [More…]
Consequently, we must look at employment in the Public Service just as much as we have to look at employment in civil sections of the economy. [More…]
Is the Minister representing the Minister for Health aware of repeated reports circulating in the Northern Territory that the Government economy cuts are having a serious effect on the health services in the Territory? [More…]
In the totality, therefore, these major projects and some 20 others of lesser significance indicate no reduction in the present civic action programme undertaken by the Army, which is fully aware of the importance of civic action and civic aid to the security and the economy of the province. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
In its review of the economic situation last January the Government reviewed the entire range of the economy and identified a -very real area of excess demand, namely that of expenditure on plant and equipment. [More…]
If we let one sector of the economy get out of step or substantially out of step with that 9 per cent, we will strike inflationary pressures and we can expect that prices in that sector of the economy will rise substantially. [More…]
We will undoubtedly create inbalance in the economy. [More…]
We are not asking for something which does not exist to some extent in another comparable economy, namely, that of Canada. [More…]
I want to draw particular attention to the success of the management of the economy since the indications of November-December last of inflationary tendencies that were dangerous. [More…]
All of this was done with proper regard to State interests and their relationship to national expenditure so that it would not intrude too heavily upon the cost pressures of this nation at a time when those cost pressures represent the real enemy of the economy. [More…]
The overall stability of the economy is a direct responsibility and function of the Commonwealth, laying a base for development to be carried out by the States. [More…]
The States always must be conscious of the overall economy of the nation and must act accordingly. [More…]
Industries whose operations are no longer economic must compete with other industries and Other sectors of the economy for scarce resources. [More…]
A year or so ago the Treasurer was reasonably happy with the balance of the economy. [More…]
If we can maintain an adequately competitive economy, we can rely on management to ensure that expenditures on research and development, and on plant and equipment, are normally aimed at increased productivity, not merely increased production. [More…]
What is significant in regard to this matter - if I can penetrate those thick skulls over there - is that in America production has increased and the economy has improved considerably to the extent that interest rules have been brought down in the last few weeks. [More…]
Another aspect of this is that if we could achieve higher productivity growth, we would be able to deal more effectively with current inflationary pressures in the community, by narrowing the gap between minimum money wage expectations and economic capacity and by easing the labour shortages that inevitably exist in a full employment economy. [More…]
We must ensure, however, that we are producing professional, technical and trade qualifications of the types most needed in the economy. [More…]
We need also to ensure that our methods of training in Australia are suited to a dynamic economy in which rapid changes in technology place a high premium on human adaptability. [More…]
The Government has indicated its desire to sharpen up competitive forces in the economy. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
No works have been dropped from the programme^ - I am sure the honourable member will be pleased to hear this - to achieve the economies, but for technical purposes not associated with economy measures 2 items cannot be committed by June 1971. [More…]
As to those sections of the honourable member’s question relating to submissions made by this Government in relation to matters before the Commission, let me simply say this: The Government has in past years made representations before the Commission which it believed it appropriately ought to make in relation to the general operation of the economy and matters which it considers to be in the public interest. [More…]
Its policies on foreign trade have been disastrous and the effects on the economy of the rural sector could be profound. [More…]
References were made to professional agitators, traitors, subversive elements and the sabotage of the economy. [More…]
Although this scheme by itself touches on only one aspect of technological change, it is a necessary adjustment implicit in the maintenance of a full employment economy, namely, the transfer of people from redundant jobs requiring one set of skills to emerging jobs requiring different sets of skills. [More…]
Excluded, for example, will be persons who change their jobs voluntarily for personal reasons, those declared redundant by decisions, following takeover action or changes in market conditions, to rationalise organisations or close down particular production sections or factories, and those retrenched from organisations because of the indirect effects of technological change elsewhere in the economy. [More…]
Excluded, for example, will be persons who change their jobs voluntarily for personal reasons, those declared redundant by decisions, following take-over action or changes in market conditions, to rationalise organisations or close down particular production sections or factories, and those retrenched from organisations because of the indirect effects of technological change elsewhere in the economy. [More…]
Various estimates or guesstimates have been made of what this costs the national economy. [More…]
Our society is split asunder on the issue of the Vietnam debacle and both industry and union leaders are fearful of uncontrolled inflation upon our economy - issues which threaten to strike at the very heart of the Government. [More…]
I have in mind such problems as our rising crime rate, our appalling road toll, the desperate plight of our pensioners and the depressed state of our rural economy, to name but a few. [More…]
1 believe that this in itself indicates quite conclusively the very substantial improvement in the assistance given by these exports to the economy. [More…]
It is vital that such assistance be given and that this work be continued and expanded in the future because of the tremendous value of this minerals field to the Australian economy. [More…]
Is it not in the best interests of the community in terms of economy and of their physical health, culture and security? [More…]
I suggest to the House that there are mining leases in existence in New South Wales for the mining of coal which have been and still are a substantial basis for the whole development of the economy and for the whole civilised development of New South Wales. [More…]
On the other hand, we must not let the tremendous marketing opportunities afforded to us for a reasonable quantity of our coal to be lost to the economy. [More…]
Within the limits of its powers, certainly in relation to the general economic situation, the Government is doing all it can to keep these rises within the levels which are appropriate for total equilibrium within the Australian economy. [More…]
This matter is before me at the moment and, as the honourable member would know, I have been having a series of consultations and discussions with the various sections of the economy. [More…]
That strike action means that superimposed uponwhat the Commonwealth Conciliation and Arbitration Commission itself feels is the maximum that the economy can afford to pay is an additional wage drift of approximately 40 per cent of the total wage increases. [More…]
If it were developed in the way in which some such port in Australia will need to be developed, with increasing congestion in Sydney and Melbourne tending to put those ports further away from being a viable proposition in this regard, I believe that the proposals that I have already spoken of would be even more to the point in the tying of Tasmania’s economy to the national economy or, if you like, tying the national economy to that of Tasmania. [More…]
They should become a great tourist attraction, but I am not talking on that line today; I am talking about the preservation of ibises and the extension of their breeding, wherever possible, so that they can assist primary producers, because primary producers are harassed not only by what is happening in the economy, as has been stated in this House so often, but also by pests of all kinds which they are continually fighting. [More…]
In all, the best description that can be offered of our fishing industry is that it is coming of age, and is now making a significant contribution to the Australian economy. [More…]
It is highly pretentious to suggest 12 months in advance, in an economy whose total activity will rise by about $3, 000m in the course of a 12 month period, that one can be accurate within a magnitude of even $100m. [More…]
It was a sound enough statement; it set down with commendable economy the Government’s attitudes to 4 questions of current interest and importance to Australia. [More…]
shall discuss another subject now and when the debate is resumed will , refer to the Australian economy. [More…]
There is no reason for expecting any significant slowing down in the rate of increase in costs and prices in the economy in future years. [More…]
Surely there are many important matters relating to the economy of Australia which need to be debated on behalf of our constituents. [More…]
The action of the Government boils down to the fact that Government supporters are not game to get up in this Parliament and debate the issues of the economy. [More…]
The statement has to do with the primary producer and the Australian economy. [More…]
The discovery of vast deposits of precious metals in Australia has given our economy great financial aid, but the proceeds from the sale of these minerals do not directly assist primary industry, either by increasing our sales of primary products or in bridging the gap between costs and returns.. [More…]
Only by including primary industry in the buoyant economy that is apparent in our metropolitan areas can we be sure of adhering to democratic principles and promoting national development. [More…]
I do not think that one can separate the African native from the economy of South Africa. [More…]
The Treasurer of the day, Mr Bury, by way of a Press statement said that the Government felt that continued financial assistance at the existing rate was justified for a further 3 years in order to allow gold mining to phase out gradually without disruption to the population or economy of the area. [More…]
The stark, grim fact remains that, notwithstanding what the Government has apparently accepted as being correct, and no matter what its advisers have told it, the gold fields community will face very serious problems with regard to both employment and economy if gold mining activities are allowed to decline over the next 5 or 6 years below that they are today. [More…]
I would ask supporters of the Government to study these figures and at the same time bear in mind what could properly be referred to as their Govern.cent’s promise that in phasing out the gold mining industry it would ensure that there was no disruption in either the population or the economy. [More…]
Those figures show the period of time during which there could be much suffering and certainly a serious disruption in population and economy. [More…]
The pig industry has been developed in a quite remarkable way in the last decade because standards of breeding, pig care management and so on have risen very sharply indeed, and at the same time there has grown up a very sound economy in the pig industry. [More…]
Is the Minister aware that in addition to the enormous and regrettable cost of the ship stewards’ strike and its disruption of the Tasmanian economy it is estimated to have cost the ship owners $14m so far? [More…]
It needs to be seen in relation to the potential, and the problems, of the whole range of industries affected by protection and the place of those industries in the Australian economy. [More…]
The sector of the economy which benefits most from tariff protection is undoubtedly manufacturing. [More…]
It is to manufacturing industry in particular, and the role of manufacturing in the Australian economy, that consideration must be given in any appraisal of tariff policy. [More…]
Because Australia is a young country with a relatively small economy not many Australian companies have massive resources available for investment in major projects, or for the development of technology, on a scale comparable with resources available to their overseas competitors. [More…]
It has concluded, and has reported its conclusions in its recent annual reports, that changes in circumstances have made the traditional tariff making principles and practices inadequate to deal with the current requirements of the economy. [More…]
They were laid down at a time when Australian industry and the Australian economy had their backs to the wall. [More…]
The Government has made clear the importance it attaches to flows of capital from abroad for the development of our resources and of the economy generally. [More…]
the contribution being made to the nation’s economy by Renison and Cleveland,- the two mines concerned. [More…]
I think there is a fashionable trend back to the market place economy. [More…]
I do not know that this is a valid exercise or whether we are not all getting a trifle hysterical and picking up the easy catch phrase ‘market place economy’ because I am quite sure that great merit exists in trying to equate supply with a consumer demand situation. [More…]
I am thinking not altogether from the point of view of the interests of producers who may or may not want this action but in the interests of the national economy, without intruding into the producer’s private business to any inconvenient degree. [More…]
People still talk and argue as though the myths drawn from perfect competition are a good description of the way the economy works. [More…]
We do not know whether resources, after tariff reductions, would be employed in most or even in more efficient places or that the Australian economy would benefit from the change. [More…]
This is, first, because the economy is not competitive. [More…]
It is not the policy of the Australian Labor Party to rely more and more upon the market economy to maintain full employment, efficient and economic operation of the economy or a fairer distribution of the national income. [More…]
It is the policy of the Australian Labor Party to develop more fully the means we need so that we may know more about the actual operation of the economy and know more about what may be done to get the best results in the future. [More…]
They do not really apply tests that relate to the economy as a whole or to the national interest. [More…]
economy. [More…]
An economy must be geared ; so that it can make necessary changes quickly and with the least resistance. [More…]
The Board, using its present methods, may, in fact, cause inefficiency and lack of economy in an Australian industry which, except for the Board’s decision, may have taken on an economic and efficient form of structure. [More…]
The statement made by the Minister is relevant npt only to the reports we have before us today but is even more important to the future tariff policy of Australia which, in turn, will exert a very strong influence on the form and direction of the Australian economy. [More…]
A further and more recent stimulus to interest is the present inflationary situation, to which I referred a moment ago, because tariffs impose a cost penalty on the economy and the higher the protection the higher the penalty. [More…]
It is nothing less than the future form and direction of the Australian economy. [More…]
It is a very good thing that the free traders did not have their way 40 or 50 years ago because if they had we would still have a rural economy. [More…]
We would not have an industrial-cum-rural economy as we have today. [More…]
But fortunately we had in those days a few people who looked a little ahead and they said: ‘An industrial economy for this country is more likely to provide employment, earn the necessary overseas currency, give us a healthy balance of payments and enable us to produce our own motor cars and things like that*. [More…]
An economic industry is one whose situation suits the Australian economy. [More…]
It is the kind of thinking that we must have, not only for our economy but also to ensure that we can bridge the widening gap between the haves and have nots. [More…]
Every mineral that is part of a modern industrial economy we have. [More…]
The first thing, as I see it, is to ensure that Japan does not get its feet inside the door of the Australian economy. [More…]
I am, of course, referring to technological changes and to the fact that in order to get a better growth rate in our economy there has to be a reallocation of resources. [More…]
If anything is done to add to the difficulties of the only industrial enterprise in that part of the State it will not only create problems for the people in that area but also adversely affect the State’s economy as a whole. [More…]
1 feel, and I am certain that many honourable members from both sides feel, that this is an industry which is essential to the economy of Tasmania. [More…]
It is essential also to the economy of the nation, and on that basis alone it deserves support at all times. [More…]
They must take place in any economy. [More…]
An economy must be geared so that it can make the necessary changes quickly and with the least resistance. [More…]
In addition to the effect of tariffs on the redistribution of wealth in the economy, we must consider the effect of tariffs on the economy as a whole. [More…]
This afternoon, the Minister for Trade and Industry did not make any specific reference to the economy as a whole. [More…]
We accept that nobody should be tection This policy imposed high protecdisadvantaged by any change which takes place in the economy in order to try to improve productivity and increase economic growth. [More…]
Therefore I think today has been a watershed for tariff debates in this country, and that the Australian people, the manufacturers, the importers, the trade unions and everybody associated with our economy can now see quite clearly the dichotomy in policy on tariffs. [More…]
This is what is happening throughout the broad economy, whether it be in the private enterprise field or in government instrumentalities. [More…]
These facilities are vital to Australia’s economy. [More…]
These vary from day to day but range across such matters as the state of the economy, the Commonwealth’s role in welfare, relations with the States - so important in a Federation - and external relations and defence. [More…]
Mr Speaker, there is no need for me to remind the House that our economy is at present subject to strong inflationary pressures. [More…]
This is a matter to which the Government has given close thought, but the conclusion that it has reached is that, as this legislation is intended to assist in warding off the present inflationary pressures in the economy, provision for interim exemptions pending determination of applications would be inappropriate in that it would have the effect of unduly deferring the really effective date of the legislation. [More…]
Only a Government which is concerned with profitability and productivity in the economy rather than the needs of children could finance the expansion of such a system. [More…]
The Japanese economy is twice the size of all the other economies of Pacific Asia together, including Australia and New Zealand. [More…]
Of course, whilst the Japanese economy is twice the size of all the other economies of the Pacific area, including those of Australia and New Zealand, one needs to bear in mind that per capita the Japanese standard is still not as high as that of either New Zealand or Australia. [More…]
In many respects Australia is uniquely situated because of its historical traditions and because it was left with an advanced kind of economy - although in terms of its population crf 12.5 million it is still nowhere near as great as potentially it can be - but its future lies in greater diversification of its export sales. [More…]
Yet in the long run this is where the great opportunities for diversity, both internally and externally, of the Australian economy lie. [More…]
We should orientate our own economy to the sort of drive that is evident in Japan. [More…]
If we were to do this we would hardly recognise the face of the Australian economy by 1980. [More…]
We are not facing up to the fundamental and overall economic disabilities in the Australian economy. [More…]
Town and city planners battle hopelessly to cope with its needs; huge sections of the economy are fashioned to its demands. [More…]
When one looks at this problem one cannot help but consider also that, with the lack of planning of the economy as a whole, the result is that today the deposit gap between the amount that a young person can borrow and the price that must be paid to purchase a home is growing every day. [More…]
Reverting to the interest rate argument, the final point I make is this: It is now demonstrated that in any day and age interest rates are not something which can be completely insulated from what occurs elsewhere in the economy. [More…]
If we accept the contention that interest rates should be rigid and completely isolated from what occurs elsewhere in the economy we are going to return to the days when attemps were made to control interest rates under, for example, the British Labour governments in the years after the second world war. [More…]
Any sensible fiscal or monetary management in an economy has to argue that such policies do not apply today. [More…]
We support this Bill because we believe that the expenditure of $48m over a period of 3 years will place no great hardship on the Australian economy, but at least it will help to bring some of the required improvement that is needed so much in these underdeveloped parts of the world. [More…]
I think it is scandalous, disgraceful and intolerable that with all of the demands on our manpower for the development and essential growth of this country and also in planning the economy there should be any unemployed people at all. [More…]
Surely there is a responsibility in Australia to fix prices here which will relate to the Australian economy and the development of our industries. [More…]
The establishment costs of all these facilities help the national economy. [More…]
It could be said that we are not doing any more, insofar as our national economy and the interests of the people of the Commonwealth generally are concerned, than is being carried out by many of the under developed countries. [More…]
Its aims are to achieve the highest sustainable economic growth and employment and a rising standard of living in member countries while maintaining financial stability, and thus to contribute to the development of world economy; to contribute to sound economic expansion in member as well as non-member countries in the process of economic development and to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. [More…]
Australia may no longer wholly ride on the sheep’s back, but the wool industry continues to be of major importance to our economy. [More…]
The design of this aircraft, I believe, leaves much to be desired.- The economy class section, which basically makes up twothirds of the passenger content, does not encourage passenger travel. [More…]
For these reasons it would be rash to claim that the Budget will prove to be exactly suited to the requirements of the Australian economy through 1970-71. [More…]
Economy measures were announced in March this year, in the form of reductions in certain expenditures. [More…]
But, in terms of the total working of an economy one can do only a certain amount, public and private. [More…]
I think most of them have been politely forgotten since, but they gave the impression at the time that the Government was keenly aware of the dangers in the economy. [More…]
I will conclude where I began - by saying that I hope that in his first Budget the Treasurer will not be quite as exuberant as some of his predecessors were and suggest that he can see, on 17th August 1971, the whole course of the economy to 30th June 1972. [More…]
I recall a Labour Chancellor of the Exchequer in Great Britain saying that neither he nor anybody else could predict in April, which is when the British Budget is prepared, what the course of the economy might be even 6 months later. [More…]
There is a very fine section at the end of the speech beautifully, headed The Budget and the Economy’. [More…]
It is part of Government thinking as to how the economy is going to be controlled. [More…]
If the economy is in an inflationary situation, perhaps we should use fiscal policy to control that situation. [More…]
All I point out is the vast amount of development work that still has to be done in Papua New Guinea if it is to reach any significant stage of industrial development or achieve any change from its basically subsistence economy in the years that are ahead. [More…]
We are told continually and plausibly by the economists and their apologists in government circles that we cannot raise the wage rates in Papua New Guinea because the economy will not support it. [More…]
They argue that if wage rates were increased now the economy of the Territory might survive, but come independence the country would not be able to support a higher wage rate. [More…]
Why is it that the economy of a nation at large can only support low wages but the economy of the private individual is supposed to support high prices? [More…]
But nobody or no organisation within this country can avoid the increases in costs which will take place if there is a continual erosion of the economy. [More…]
In the Australian economy today, cheap, fast and flexible transport is the key to efficiency in almost every field. [More…]
Neither can the Commonwealth afford to be dilatory in adopting the programme, planning and decision making techniques which have paid off so handsomely within the private sector of the economy. [More…]
The new Prime Minister (Mr McMahon) has taken over the Prime Ministership of this country at a time of great difficulty - difficulty so far as the economy and many sections of the Australian community are concerned. [More…]
We have bedevilled Papua New Guinea with a double standard economy. [More…]
On the one hand, there is the attitude that wages must be kept at the lowest possible level so that in the future the economy is able to stand them and, on the other hand, there has been established a system of costs which is closely related to the Australian system of adding a little bit extra to prices in order to make additional profits, dividends and so on. [More…]
We should do something about the economy. [More…]
In reply to that part of the honourable member’s question relating to the possibility of increased electricity charges, on present indications, owing to the economy and efficiency of the hydro-electric scheme, there will be no increase in charges for power. [More…]
However, I have no doubt that’ the economic effects on the rest of the economy will be quite serious. [More…]
Is, it prompted by the failure to attract migrants, by economic considerations associated with the former Prime Minister’s statement on the state of the economy, or by recent public demands for an inquiry into and curtailment of the programme? [More…]
This kind of dichotomy in the Australian economy is just not acceptable in this year of 1971. [More…]
Was there not on one side the argument that the vested interests, especially in manufacturing, be protected indiscriminately, while the other side wanted to help the economy adjust in such a way as would benefit all? [More…]
After all, the Government has to try to balance the economy as best it can and therefore must limit its outgoings in any one year. [More…]
On the contrary, this legislation is aimed at accelerating the process which has already taken place at the hands of a laissez-faire economy; it is accelerating the process under government action. [More…]
It is said that the economy of the units is not of consequence _ in city areas but cost advantages increase in relation to the distance from centres of population. [More…]
(4.49 a.m.)(Quorum’ formed) I am delighted the Opposition is being so co-operative on this Bill, as it is so important to our ‘economy. [More…]
I might add that these measures of restraint by the States helped not only to alleviate their own budgetary problems, but also to reduce inflationary pressures upon the economy. [More…]
It is one of the dominant characteristics of Australian industry and of Australian retail business that our economy is dominated by some 200 companies including 40 giants, and of these giants 40 per cent are owned or substantially controlled by overseas interests. [More…]
I doubt whether the extent of the restriction on competition in the Australian economy could have been known, even in general terms, before the Register of Trade Agreements was set up. [More…]
It was Dr Maureen Brunt of the Monash University who said - and I compliment her on this - that every form of restrictive practice known to the ingenuity of man is in operation in the Australian economy. [More…]
The alternative, which is certainly in accordance with my thinking, is to evolve a system which makes that privately imposed system, in the mixed economy type of situation that we have, the responsibility of democratically appointed bodies. [More…]
Almost every honourable member would agree that we will have in Australia a mixed economy of a private capital type enterprise and a government capital type enterprise with an overriding determination that they both serve the public interest’ for some considerable time. [More…]
Mr Speaker, there is no need for me to remind the House that our economy is at present subject to strong inflationary pressures. [More…]
When one considers the multiplier theory as applied to income earned- that is, to multiplying the total income earned by 2.3 or 3, because that is the number of times the income circulates throughout the economy - one can see the tremendous influence which wool has on the Australian economy. [More…]
The figures I quoted yesterday indicate that the total net farm income ta the .sheep industry has dropped, in 4 years, by approximately $400m, and this is having a very significant effect on certain specialised sectors of the Australian economy [More…]
That would mean a saving, to the Australian wool producer and to the Australian economy of $100m per annum, which is well worth while. [More…]
The position at present, with the decline in the economy of the rural sector, is that there is increasing unemployment in the district surrounding Albany. [More…]
If there were better public supervision over these matters the resources could be developed much more equitably and much more cheaply for the benefit of the Australian economy. [More…]
I think that one of the most incredible utterances of all time was made in March or thereabouts of this year when certain economy measures were inflicted upon the Australian community with a view to damping down inflation. [More…]
But as I have said on some other occasions here, it is about time that we began to take critical stock of the internal structure of the Australian economy. [More…]
I am sure that in the committee of this House which should be deliberating on this Bill and which would bring in from outside sources information to help us in our deliberations on this Bill, we would receive more information as to whether this was the particular time in the history of Australia’s economy when we should be encouraging foreign investment. [More…]
If a person is in a particu: lar kind of employment, whether it is government or private employment, and he has retirement benefits related to his employment, the longer he is in the scheme the more reluctant he becomes to transfer from that employment to something else, although in the general interests of the economy it might be a good thing that he should transfer. [More…]
As increasingly there are technological and other changes in the economy it is less and less likely that when people go into a job, say when they leave school, they will believe that that job will last for the whole of their employable life, which may be from the age of 20 to about 65 - a period of from 40 to 45 years. [More…]
Is it a fact that the Bureau of Census and Statistics has been forced to abandon a proposed survey of family incomes and expenditures because of the economy measures forced on the Bureau by his Department [More…]
The economy measures have not greatly affected this position. [More…]
In view of the importance of alumina exports to the Australian economy, the Board believed that the risks involved in imposing a duty on sodium hydroxide used in the production of export alumina were not warranted by the potential benefit to the local chlorine and sodium hydroxide industry. [More…]
Will the economy measures of the Government cause a deteriorationof services -provided by these inspectors in. [More…]
it has been the policy of the Federal Reserve Bank of the United States to bring about a rapid increase in the quantity of money in the economy. [More…]
The increase in housing loan rates was part of the general rise in interest rates in the economy associated with these financial conditions. [More…]
The level of interest rates is determined basically by the demand for and supply of funds in the economy. [More…]
While the cost of borrowed money is an important factor to potential home buyers, it is relatively less significant than the actual cost of a home which, of course, could increase significantly if inflationary pressures, in the economy were allowed to go unchecked. [More…]
I ask: In view of the possible ill effects on the Australian economy, both directly and indirectly, caused by President Nixon’s decision to suspend convertibility of gold into dollars, will the Prime Minister make a statement to the House at an early date so that this momentous decision may be debated and the Australian people informed of its full significance as honourable members are able to understand it? [More…]
My question, which is directed to the Deputy Prime Minister and Minister for Trade and Industry, concerns a matter of the utmost importance to the economy of this nation and in a special way to the economy of the great electorate of Kennedy which I represent. [More…]
The ‘Wall Street Journal’ said that it was about time the American people were told the truth about the war in Vietnam because the economy was crumbling about their feet. [More…]
No doubt it would have run a different economy but it would have had a vested interest in keeping the country united. [More…]
We will not only bc doing the right thing in a disastrous situation, but also we will be doing the right thing by a part of our own rural economy. [More…]
If we, and other members of the textile industry, get any leaner it could have a very severe impact on the whole of the country’s economy and nol merely on our own section of it. [More…]
I also enclose copy of my letter to you of the 19th September 1968 and I ask you to act in the only way open to you if you really are concerned about our economy. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
Is the Minister aware that the rural sector of the economy - that is a euphemistic term for the farmers - hailed his accession to the present post with high hopes that the grievous burden of excessive tariff protection would shortly be lifted at least a little from their bent backs? [More…]
The people in the South Sea Islands, who are mostly members of the British Commonwealth of Nations, feel that the number and the nature of the Australians in their cities and plantations cause more disruption to their society and economy than would the presence in our cities of some Df the vigorous English speaking people from their countries who wish to come to our cities. [More…]
No one can tell what it will cost Australia, in terms of our economy, to regain that wheat trade. [More…]
Because of the Australian Government’s open hostility to China the Australian people and the Australian economy have suffered. [More…]
Statistics lacking include those on refugees and civilian casualties in Indo-China, enemy losses, the effects on health of herbicides used in Vietnam, the significant inflationary effect of the war on the United States economy, and the long range costs of Vietnam veterans benefits. [More…]
Australia did not claim - as New Zealand could - that irreparable damage could occur to the national economy. [More…]
I have already said that Australia could not claim, as New Zealand did, that her economy was dependent on continued access to the British market for one or two primary commodities. [More…]
However, when I point out that the industry has a history of over a century in Tasmania and has been developed, since the introduction of refrigerated shipping, principally for export and that the value of the industry to the State’s economy has been in recent years between $16m and $20m annually, it will be appreciated just what the industry does mean to the island State. [More…]
is it a fact that economy cuts have been effected in regard to the Air Training Corps including the elimination of weekend training? [More…]
lt was an action that was designed to establish a psychology in which we could hope there could have been a brake on inflationary forces and trends within the economy. [More…]
The recent action by President Nixon to protect the United States’ economy has introduced a new and complicating factor in consideration of prices and demand for wool in the 1971-72 season. [More…]
Then there will be a sharp contraction of the economy. [More…]
We find in our economy a generally depressed rural community. [More…]
Despite the complex interactions on the economy which the Treasury has on occasions admitted, the Government for political reasons still blames strikes and wage demands and wage rises only as the root of all evil. [More…]
The central feature of the economy from the point of view of this case is that wages on the one hand and prices on the other ate rising too fast. [More…]
Unless the appropriate stimulus is given to the economy to induce a greater real through-put of goods and services, the level of unemployment will continue to drift upward and by the June quarter 1972 could easily exceed 80,000. lt continued: [More…]
This is a case where half a policy is worse than none because the loss in industrial unrest will outweigh the illusory advantage to the economy through low wages. [More…]
We ought now to realise the total inadequacy of annual Budgets as a basis for planning the nation’s economy. [More…]
Such things however, distort and burden our economy as much as any matter he has mentioned. [More…]
We should see at least that farming families which have contributed so long and so well to our present prosperity are not denied a share of that prosperity while they wait for markets to recover or places to be created for them in other sectors of the economy. [More…]
Therefore the Government has decided on an analysis similar to this not to impose a further demand-pressure cause of inflation on what is already a cost-push effect on prices in the economy. [More…]
He indicated in his annual address to the Fabian Society of the United Kingdom in 1969 that the Labour Government showed a perennial disability to deal with 16262/71- Jt-121) the excesses of demand in the British economy and so that economy floundered. [More…]
It has been found necessary for a number of reasons, and these reasons are related to the very nature of the economy in which this Budget operates. [More…]
The nature of that economy is that over the last year, in real terms, the growth of the national product, abstracting rates of inflation and other factors, has been rather slower than one would have desired. [More…]
It is operating under some difficulty because the fate of private enterprise in this economy within the last year has been not to be as profitable as it has been in recent years. [More…]
This Budget will have the effect of, in a sense, causing the private sector of the economy to grow rather more quickly in this year than it has within recent years. [More…]
Last year’s total growth performance in the Australian economy was the worst for several years and there is no denying that. [More…]
The star performers in the economy last year were the finance companies. [More…]
We can again see what has happened to the economy when we look at the figures on private investment in Australia. [More…]
I submit that Australia is allowing financial manipulators to dictate the balance and the direction of the economy. [More…]
The other item which fell in the total performance of the economy last year was the expenditure in real terms on public investment. [More…]
Goodness knows what will happen to it if certain things happen to the economy in the next 12 months. [More…]
Will the economy be so stimulated that sums of that kind will be available from private spending to be devoted to public spending? [More…]
As the Leader of the Opposition suggested, I think it is time there was more planning in the Australian economy. [More…]
If ever a lesson was highlighted in the last year it was the extent to which funds flowing into this country from overseas undid what was sought to be done by monetary policy in the economy. [More…]
The Treasurer has said that the basic purpose of the Budget is to counter inflationary tendencies in the economy. [More…]
The effect of these demands in some areas of the economy can be catastrophic, particularly for pensioners and others on fixed incomes. [More…]
A change of attitude in all these people is needed to counteract progressive inflation, and in fact it is difficult to see how such a cycle cr such a spiral can be counteracted in a permanent fashion unless all those elements in the community show a willingness to change their attitudes and hold hard in the interests of themselves in the short run and the economy of the nation in the long run. [More…]
Australia, which prides itself on its image of virile expansion, has an economy so arthritic that we usually rate behind the tiny Republic of Ireland in terms of economic growth. [More…]
This gave the greatest single boost to inflation and to the distortions in the Australian economy which put a premium on speculation and the heaviest cost burdens certainly on .real production in either the primary or secondary spheres. [More…]
I am referring to the economy as a whole. [More…]
Thirdly, the Arbitration Commission must be reformed and its terms of reference revised, to make it mandatory for it to consider the effects of its decisions upon the whole national economy. [More…]
Fifthly, it should continue and intensify its drive for greater economy and efficiency in the Public Service, with the elimination of redundant employees who do not want to render a fair day’s work. [More…]
competition within the economy and from external sources. [More…]
Without doubt the outstanding problem is the danger of inflation to our economy. [More…]
We see it as a critically important objective of our policy to combat the inflationary forces now running in the economy. [More…]
It seems to me that this Budget is unlikely to succeed in reducing the rate of inflation significantly whilst it may further slow down the rate of growth of the economy and worsen unemployment. [More…]
A wisely framed Budget, such as this one, can be an important short term regulator of the economy and, in the pre sent dangerous inflationary situation, we should examine this Budget to see how effective it will be in controlling the economy, for this must be the overriding purpose of this Budget. [More…]
The resulting increased inflow of goods would not only help to balance our economy, but it would tend to encourage Australian firms to consolidate into units of optimum size and also to discourage the ever ready granting of over-award wages or excessive salaries. [More…]
But unless the Commission is restructured, it does not seem that it will be able to make judgments that really reflect the needs of the economy, and this is a fact of life with which we have to live for the present. [More…]
One of the aspects of Government expenditure to be noted is that in many cases no doubt exists that the Government can prove the need and indeed the economy of the works that it undertakes. [More…]
In most cases I find in these references that the need for this work and the economy of it can be justified. [More…]
One of the reasons why Government expenditure should be limited is that if the private sector of the economy, containing a large section of the population, is enjoying very good condi tions, and it is competing with the Government for the labour available to extend development on its own projects, there is a tendency for employers to outbid each other for the labour available. [More…]
Those of us who represent rural areas will recognise that today we have a 2 level economy. [More…]
Due to drought and low prices the rural economy, including the country towns, is suffering very severe financial difficulty. [More…]
So we find that on the one hand we need a decreasing degree of Government expenditure in those areas where the economy is booming and for the self-same reason we need an increase in Government expenditure in that section of Australia where the economy is depressed. [More…]
Members of the Opposition realise that an inflationary situation exists in the Australian economy and that it has all the potential of being a serious situation. [More…]
Assuming that the economy settles down and gets on a fairly even keel again so that financial landmarks are not continually eroded by the process of increased prices, one of the things that impress me is this: If in the future governments are to play a larger part in the economic life of the country by undertaking some of the new things that have been proposed in the fields of education, health and the environment- [More…]
It seems to me that the time is overdue when the Government should be taking steps to adjust the economy to cope with a lower rate of material production and a lower rate of consumption. [More…]
In the first place, 1 month before Budget night we had the Australian Press conjecturing on the hard line which the Government would present in its Budget and predicting that anti-inflationary measures would be incorporated in the Budget to ensure the stability of the economy. [More…]
What Bob may not have wanted to say was that unemployment would occur because he and his Communist mates had achieved wages increases far and away beyond what could be sustained by the productive system of the Australian economy,. [More…]
For the past 8 years on each occasion that a major basic wage or margins case has been before the Arbitration Commission, this Government has briefed counsel to appear with the express purpose of opposing the trade unions’ claim on the grounds that the Australian economy could not bear the increase. [More…]
On all occasions, the Commission has brought down its decision that wage increases could be sustained by the productive system of the Austraiian economy. [More…]
If Maxwell Newton’s views on Australia’s future are genuine one would have expected that instead of lauding the courage of the Billys he would have criticised the Government for not seeking power to enable the Commonwealth to introduce price control legislation to stop giant monopoly corporations such as the Broken Hill Pty Co Ltd from increasing the price of as essential a commodity as steel without reference to any tribunal irrespective of the damage of such action to the Australian economy with resultant hardship to the Austraiian people. [More…]
These figures indicate the great growth in the financial requirements of this country and in the development of the economy. [More…]
Naturally, any Budget brought down by a government is criticised by the Opposition, but I feel that under the inflationary pressures prevailing this Budget has met the situation presently existing in the economy. [More…]
Honourable members on both sides of the chamber realise that inflation is a tremendous burden upon the economy of Australia. [More…]
While the drug supply - the SFN supply is maintained, the economy remains nervously happy as do the people who receive the additional money. [More…]
This drug SFN ultimately must cause withdrawal pains; that is the pain of deflating the economy to make certain that the customers will pay the prices for the goods that are available to them or else they will buy from alternative sources. [More…]
We have seen what has occurred in the United Kingdom when a Labour Prime Minister had to deflate the economy because of the execssive demands by wage earners, who represent 90 per cent of the people, for increased wages and better conditions. [More…]
It is true that we learnt the lesson in 1961 and 1962 that an unemployment pool did have some effect on damping down the economy of a country. [More…]
If honourable members turn to the Treasury White Paper recently published - Australian Economy 1971 - they will find it finished with this remark: [More…]
We will cure it or try to cure it or try to slow down this disease we have allowed to creep into the economy by taking $630m out of it. [More…]
The Government is taking $630m out of the economy, value that could be used for houses, schools, development or social services. [More…]
The best that the Government can do is take $630m worth of value out of the economy and leave it dead. [More…]
These are the distortions which exist in the Australian economy. [More…]
If it should come to a decision whether or not to seek some alteration of our exchange parity there will be only one proper basis for decision the interests of the Australian economy and the Australian nation as a whole. [More…]
I note that the Prime Minister suggests that at all times he will keep in mind the interests of the Australian economy and the Australian nation as a whole. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
The final point I wish to make is that the relationship of one country to another in an exchange sense is vital to its economic and trading interests and when we do take our decision we will, as the Prime Minister said in his statement, take a decision that is in the best interests of the country’s economy and the welfare of its people. [More…]
I recall that for as long as any of us have been in this Parliament the Australian Labor Party has sought to have laws passed by this Parliament which would ensure an efficient and just economy and society. [More…]
If we are to have a just and efficient economy, and society in Australia we should now legislate in these fields where for years we have had advice from statutory reports to the Parliament from specialist advisers, to. [More…]
The Australian economy today no longer consists of 6 separate State economies plus one superimposed area of Federal economic interest. [More…]
The Constitutional Review Committee pointed out in 1959 that there is now one Australian integrated economy and that its various components are interdependent and the condition of any one affects all the others. [More…]
The Australian economy is diverse and sophisticated. [More…]
The influences and the forces that operate within the economy are examples of private power. [More…]
They are the sort of things which have arisen in the economy, particularly since the end of the Second World War. [More…]
There is a fair presumption, if we are to believe in the virtues of a free enterprise economy, that restraint of competition is inimical, generally speaking, to the public interest. [More…]
But if it does not do so, its inaction will have serious consequences indeed for the future development both internally and externally of the Australian economy. [More…]
One point that was clear throughout the report of the Constitutional Review Committee was that economic circumstances tend to change all the time, the pattern of trade changes, the people from whom we buy and to whom we sell change, the nature of the internal economy changes and the nature of international integration changes. [More…]
After all, they are lawyers but many of the matters that are contained in the judgment and which are being debated this afternoon deal with the question of the proper use of economic powers both internally and externally in order to secure the best integration of our internal economy. [More…]
On the whole I have been disappointed with the debate that has come from honourable members opposite, because in the current state of the economy one would have hoped that Her Majesty’s Opposition - the alternative government of this country - would have put forward something much more positive, constructive and acceptable to the community than it has done in relation to assisting the economy and giving it the right direction. [More…]
Before I speak about the economy I would like to make a brief reference to a comment made last Thursday by my colleague the right honourable member for Fisher (Sir Charles Adermann) in the course of his comments in’ this debate. [More…]
At this stage of the economy I would not support any major outlay. [More…]
I do not suppose any of us really envied him his task, knowing as we do the various conflicting pressures in the community and in the economy to which he was being subjected. [More…]
There is pressure from the rural sector of the economy. [More…]
While all of these things are admirable and they are all of great importance, the Treasurer and the Cabinet in framing the Budget have to endeavour to set priorities and have to endeavour to make a decision that is the right one in the particular context of today’s economy. [More…]
Retarding our economy, retarding our progress and greatly adding to the fires of inflation is the matter of industrial disputes that have resulted in an increasing number of man days lost over the last 2 or 3 years. [More…]
The US is determined at all costs and for President Nixon’s own political survival to restore stability to its economy no matter what happens to the rest of the world. [More…]
It is a social, political and, in the end, especially a moral problem, involving the whole community and its basic attitudes to the kind of society and economy it wants. [More…]
Recent experience overseas suggests that once a cost-price spiral is permitted to get a foothold in an economy, the measures then required to combat it successfully are very difficult to devise and decidedly less palatable than those contained in this Budget. [More…]
It should however be recognised that the full year effects of wage and other cost increases which took place during 1970-71 will continue to be reflected in the economy for some time. [More…]
Some talk of a stagnant economy. [More…]
We have a strong economy; an economy with enormous and exciting potentialities for future growth; providing only we act responsibly. [More…]
He knows that the strength and the health of the United States economy is of vital importance to the welfare of the free world and he knows that the future of Australia is to a very significant degree dependent upon the proper discharge of those responsibilities which have been accepted by the United States Government during the last 30 years. [More…]
The Leader of the Opposition knows that the President is deeply concerned about the health of the United States economy, in particular with the inflation and the degree of unemployment that is evident today in the United States of America. [More…]
I make reference to the rural economy within this country. [More…]
We find in our economy a generally depressed rural community. [More…]
Also, I believe that I would be failing the people I represent if I did not mention what I consider to be the most depressed area of the economy. [More…]
the internal economy. [More…]
To what extent will full employment be jeopardised by widespread demand pressure or a balance of payments difficulty or a structural imbalance in the economy and the labour market? [More…]
lt is certainly true, as the honourable gentleman has suggested, that in a recent address to the Committee for Economic Development of Australia in Melbourne I discussed the problems of a full employment economy and I drew attention to the diverse factors on which the maintenance of full employment is based. [More…]
The Leader of the House, a man of great economy in terms of parliamentary time, has made sure that we suspend next week without having a discussion of this sort. [More…]
The Budget is concerned with the economy as it is at present and as it can be expected to progress in the ensuing year. [More…]
… Be that as it may, as this difference in growth rate continues, and as new science-based industries evolve, it seems clear that the research of intensive industry will become an increasingly important segment of the economy. [More…]
If we look at a document entitled National Income and Expenditure 1970- 71’ on page 5 we will see evidence of the overall decline in the rural economy which this Government has presided over for the last few years. [More…]
Gross national expenditure - the total market value of expenditure on final goods and services for use within the Australian economy - also increased by 10 per cent. [More…]
In place of this scheme we should have a policy of providing long term low interest loans to farmers so that they can get themselves out of their extraordinary indebtedness, so that liquidity can be put back into the countryside, debts paid in country towns and cities and the economy of the countryside reactivated. [More…]
No doubt he is very satisfied with the situation of the economy in his area. [More…]
This Budget is worthy of a government that has never shirked its responsibilities; a government that has given the Australian people more than 2 decades of prosperity with full employment; a government that has made the strength and stability of this economy the envy of most other industrialised countries. [More…]
It will do this by shaking some of the euphoria and unreasonable income expectations to which the economy has been subject. [More…]
If the Budget is successful in changing attitudes to inflation; if it encourages employers to behave responsibly in dealing with excessive wage demands; if it gives unions a more realistic appreciation of the capacity of the economy to absorb wage increases; and if it alters the environment of almost unqualified optimism in which industrial tribunals have operated - if it does these things, even if only partly, then we will have been very well served. [More…]
The figures I have just quoted relate to the economy as a whole other than the farm sector. [More…]
They must realise that the economy can produce each year only a certain volume of goods and services and that the attempt by individual unions to apportion for themselves a larger share of the national cake is generally self-defeating in the long run. [More…]
Furthermore, in an economy subjected to frequent but unpredictable strikes, businesses will naturally try to protect themselves by keeping larger stocks, both of materials and of finished goods. [More…]
There is also the effect on business confidence - always a sensitive element even in a healthy growing economy like ours. [More…]
We must be careful not to allow this pillar of our economy to be undermined or white-anted by growing industrial disputation. [More…]
In the current calendar year, however, we have not only been experiencing substantial other award and non-award increases, but super-imposed on these the economy has been required to absorb the 6 per cent national wage increase of December 1970. [More…]
The Minister for Labour and National Service (Mr Lynch) has given his views on a comparison between the Government’s assessment of the economy and that of the Opposition. [More…]
In an ideal world I suppose there would not be any subsidies and the economy would blossom with everybody working in optimally efficient industries. [More…]
I firmly believe that if a sound policy for tourist development was instituted and implemented as quickly as possible it would be one of the greatest assets which we would have in the economy of this country. [More…]
The governments in both of these countries now are trying to adjust the economy and reduce unemployment by applying some democratic socialistic measures. [More…]
During recent months Prime Ministers and Treasurers - whoever they have been from day to day - have made many public statements on the state of the economy, and it has become quite clear that most of these speeches, which are all different, have been tailored to tickle the ears and impress the gathering which the speakers are addressing. [More…]
In view of the statistics from the Government’s own department how can anyone suggest that high wages are the major cause of inflation when the true fact is that the workers’ share of the economy is less than it was 15 years ago? [More…]
I refer mainly to the advertising of alcohol and tobacco which this Government sees fit to allow to continue virtually unrestricted because apparently it suits its version of the economy of this country. [More…]
Whilst the dropping out of employment of married women would not show up in the figures of the recipients of benefits it would very seriously affect the economy of the area and of the families concerned because the income of these women has become a part of the normal income of the family and the spending rates and standards of living have been geared accordingly. [More…]
5m is a lot of money, but it is not much money in the context of the Australian economy and it is a very poor contribution to overcoming what is a very serious human problem. [More…]
The following table shows the first class and economy class fares in cents per mile between Sydney and major points on Qantas’ routes: [More…]
I said: 1 refer mainly to the advertising of alcohol and tobacco which this Government sees fit to allow to continue virtually unrestricted because apparently it suits its version of the economy of this country. [More…]
Moreover, the Gates Commission itself observed that in a growth economy similar to ours civilian employment can be expected to be relatively more attractive than military service. [More…]
In the early part of this year I costed a flat rate benefit scheme, a pay-as-you-go programme, which is within the capacity of the Australian economy to bear. [More…]
In this Budget the main aim had to be to control inflation because inflation not only damages the economy as a whole but also damages the pensioners and particularly the retired non-pensioners who are living on fixed incomes. [More…]
I heard Sir Henry Bolte recently make mention of the tremendous burden placed on the economy by such high interest rates. [More…]
All these things have to be loaded on to the costs of any economy and these are some of the reasons why pensioners and others dependent on social security payments are not receiving the payments they should expect to receive. [More…]
This comes from a Minister who has talked so much and written so much in newspaper articles and so on about the immorality, the injustice and the lack of economy in the imposition of the means test. [More…]
In fact, at the end of this financial year many people will be worse off than they were originally because of the inflationary effect that this Budget will have both directly in the charges that it imposes and indirectly through the effect that it will have on the economy. [More…]
The means test is an extravagance which the Australian economy can no longer afford.’ [More…]
One wonders what devastating effect it would have on the Australian economy if the surplus for this year, instead of being $600m, were reduced to $597m. [More…]
In a broader sense it has failed to look at 3 aspects at which it is necessary to look in an economy if social services are to be distributed. [More…]
It has neglected the economic analysis, with a fair assessment of how appropriate social welfare is to social justice within the context of the Australian economy. [More…]
It cannot be stressed too often that despite Opposition criticism, problems in the rural sector of the economy and international inflationary pressures, Australia has one of the brightest and certain futures of most countries. [More…]
The Australian economy has undergone a marked transition in recent years with minerals and mineral products now providing a dramatically increased share in export earnings. [More…]
The importance of minerals in the Australian economy is firmly established and it is vital that Australia makes optimum use of these natural resources to ensure continued national prosperity. [More…]
Despite these trends, the long term prospects for the export of minerals, including uranium, which I have not time to discuss in detail tonight, indicate a growing rate of contribution to our national economy. [More…]
When doing this we should also be endeavouring the evaluate the role of the agriculture sector in a modern developing economy such as ours. [More…]
The thing that has changed, of course, is Australia, particularly the type and sophistication of our economy. [More…]
AH this, of course, is very well known, but it is of particular relevance in our case because home export industries facing steady or lowered world prices are faced with the domestic situation of a rapidly expanding economy with even larger increases in wages and costs. [More…]
The economy is now such that the contribution of agriculture to the gross national product has fallen from roughly 20 per cent after World War II to less than 9 per cent today. [More…]
We should accept that it is inevitable, and should make sure that we adapt our policies, bearing in mind the effect that drift from the land has on other sectors of the economy, to this inevitability. [More…]
Does the honourable gentleman recall referring in his Budget Speech 3 weeks ago to the need to exert a steadying influence on the upward course of demand in the economy? [More…]
Do the statistics reveal that the Budget strategy has been based on a complete misjudgment of trends in the economy and, if pursued, will produce consequences of the most damaging kind? [More…]
Is this inactivity still based on the temporary reasons of economy indicated by the Minister on 4th May or has the Government now repudiated the proposal as a matter of principle? [More…]
Has he seen the surveys published forecasting trends in the Australian economy in relation to private capital investment? [More…]
There is an undoubted underlying strength in the economy and as I said in my Budget Speech: [More…]
It has been proved conclusively that it is false economy to construct unsealed roads in the northern areas, but I am not convinced that a bitumen road 12 feet wide is good economy. [More…]
It could be false economy to build a road 12 feet wide for road trains over 100 feet long. [More…]
This is essential from the point of view of economy. [More…]
The aim of the amalgamation is to achieve greater effectiveness, stability and economy consistent with Government policy to maintain a small but viable defence aircraft industry. [More…]
I believe that 21 country towns have these types of industries, so the industries are of significance to the overall economy and especially to the economy of rural areas. [More…]
Would he agree that the economy is headed for difficulties or that a downturn in the economy is likely to occur? [More…]
Would he agree that a reduction in interest rates for housing loans would give a stimulus to the housing industry, the States and the economy as a whole? [More…]
Will he direct the Reserve Bank of Australia to reduce interest rates on housing loans to assist the housing industry and the economy and to help young people to construct homes? [More…]
Nonetheless housing itself is a very important sector of the economy. [More…]
To maintain the confidence of investors both local and from overseas is it essential to have a stable economy backed by a government whose political integrity indicates security for funds Invested? [More…]
The second point to make is that we have a strong resilience, an underlying strength, in our economy, and no matter what may be said that remains true upon all the indices that can be examined. [More…]
Furthermore Australia is a country which attracts investments from all over the world simply because of the strength of our economy, the stability of our government and the assurance which the investors overseas believe will be there for their investments in Australia. [More…]
I have no doubt that that policy pursued is in the great interests of the welfare of our economy and of the Australian people. [More…]
The concept, as I see it, is that as money comes into Australia for the development of our resources it benefits the whole of the economy. [More…]
I think that the benefits that we obtain from it are manifest in the development of the infrastructure of our economy over the years. [More…]
I believe it is being run by people who have a vested interest in bringing the Australian economy to its knees. [More…]
All the commentators that I have read in recent times are indicating to the Government that it is about time it made use of those powers that have now been confirmed by the High Court, in devising more effective means for controlling the price structure as well as other elements in our national economy. [More…]
I am sorry the Minister for Social Services is leaving the House because he would see in his own budget measures some of the real roots of inflation - in excise duties on motor spirit and other fields can only add to the escalation of costs and prices throughout the economy. [More…]
In total, however, and especially having regard to associations with multi-national corporations or large international financial groups,, the quasi banking structure outside the inner circle of the officially and directly controlled banking structure and authorised money market is now a highly significant element in the Australian economy. [More…]
In other words, these big financial institutions are setting a hot pace in profit making in the business of dispensing finance in our economy and, of course, anyone knows that a rise of 1 per cent or even half of 1 per cent in the rate of interest as it pervades Tight through the economy can add greatly to our cost structure. [More…]
This put the finger right on a basic problem of the Australian economy today. [More…]
The simple fact is that this Australian economy has the highest, or nearly the highest, interest rates in the world. [More…]
Of course the Government will attract that kind of money if it is prepared to leave the Australian economy wide open. [More…]
In a country such as Australia where the annual Budget is used so predominantly to control both the direction and the rate of growth of the national economy, it is a most delicate operation to frame a Budget which will achieve just that purpose. [More…]
He referred to sustained economic growth, particularly to a 30 per cent growth in the work force over the last 10 years; to, increased national reserves, which I think , are now at a record level; to full employment; and to an economy with enormous and exciting potentialities for future growth. [More…]
Unemployment exists; it is not yet big in rural areas, but it does not have to be big in country towns to have a substantial effect on the economy of those towns. [More…]
The reason for that was that the total national economy was so dominated by the return from rural exports. [More…]
But now we have what some people term a split level economy with the primary producer and that large group on fixed incomes in straitened circumstances and, generally speaking, the remainder of the community doing very nicely. [More…]
The Minister for Social Services used such phrases as ‘organised sabotage’ and ‘a deliberate campaign to destroy the national economy’. [More…]
In what can be described only as something closely approaching hysteria, he attributed every ill that has ever been heard of in Australia to those people who, according to his point of view, are trying to destroy the national economy and the nation. [More…]
They are the people we ought to respect; we should not respect the people who produce the goods that create the wealth of the country because they are trying to destroy the economy of the country. [More…]
A campaign has been directed, mainly by members of the Australian Country Party, at creating fear in the rural sections of the economy about the prospects of a reduction in the working week. [More…]
Apparently, if a third of the employees work less than a 40-hour week the nation’s economy will not be destroyed. [More…]
So to lose onefifth of one week’s income in a high price, high interest economy such as we have is not a step to be taken lightly. [More…]
In contrast, natural increase imposes an immediate net charge on the community, while its reinforcement of the economy is, of necessity, deferred. [More…]
At a time of economic strain this Government has not hesitated to take effective measures to correct the inflationary trends which had become apparent in the economy. [More…]
A number of speeches have been made in an endeavour to indicate that the Government is operating on a sound basis, that there is no problem with the economy and that this is a credit to the Government which has been in power for the past 22 years. [More…]
And so it continues right through the financial statement issued as recently as July last showing that there has been a general rundown of the economy, a general tightening of the economy, that bank loans are fewer, that fewer houses have been completed and that unemployment is greater. [More…]
In one of the Prime Minister’s speeches he referred to the bad decision made by the Commonwealth Conciliation and Arbitration Commission in December last when it granted to the wage earner - the lowest unit in the economy as far as the Treasury is concerned - a 6 per cent increase. [More…]
The Prime Minister on the 7th of this month said that the real problem in the economy virtually is that the 6 per cent given by the Arbitration Commission in December last should not have been given. [More…]
But the Government castigated the members of the Commission in February and has continued to do so up to the present time for the outrageous decision they made and has said that they should not have granted this 6 per cent increase because of the dreadful result it has had on the economy. [More…]
Of course, he is the Prime Minister who favours high interest rates and says that having a high interest rate is the way to control an economy. [More…]
I believe that this Budget will put a brake on inflation, but I also believe that it will be electorally dangerous to hold the damper on the economy till the end of the financial year. [More…]
It will be good economics to give the economy a boost before then, and I think the Government will do so. [More…]
I want to see the economy put back into position the very moment that the Budget has bitten deeply enough into inflation. [More…]
The failure to increase assistance is false economy. [More…]
For me the most exciting event has been the long overdue recognition that the Tariff Board is a body of men who knew what they were talking about and that the recommendations made in their annual reports were matters of substance and vital to the wellbeing of the Australian economy. [More…]
The strategy of this Budget will put undue strains on the economy. [More…]
It clings blindly to the prejudice that all that is wrong with the economy is the greed of the wage earner. [More…]
Reality shows, however, that all the wage earner has been able to do is to hold his position and to gain a very small amount of increased productivity that our stagnant economy has achieved. [More…]
Likewise, it must be recognised that serious problems confront the Government by reason of a somewhat precarious national economy. [More…]
The first is this: The imperative in the Australian economy today is that inflation be halted. [More…]
I believe that the Australian economy today is very much in need of a breathing space. [More…]
To bring people to this country today under a migration programme to demand of them a contribution to the Australian economy, and to demand of the States and the local government authorities roads, schools, hospitals and sewerage for them is to ask for things which in the short term are desperately nonproductive. [More…]
I believe that we are entitled to ask that those who come here will make a contribution to the Australian economy and will make this contribution quite readily. [More…]
I think it is about time that every person in Australia realised that this is a country which has one economy. [More…]
One cannot identify the Australian economy as being 6 economies and to speak about the State of Queensland as having a Queensland economy, finishing when one gets to Coolangatta. [More…]
This is one nation which has one economy and one people. [More…]
Replying briefly to a couple of points raised by the honourable member for Moreton (Mr Killen), 1 point out that he himself has said that the economy of this country is not just one of quantity for quantity’s sake, but one of quality. [More…]
The economy was to a large extent dependent on the production of copra, rubber, coffee and cocoa. [More…]
Manufacturing has been one of the fastest growing sectors of the economy. [More…]
Without overseas investment there would not have been any modern economy for the people of Papua New Guinea to participate in. [More…]
It has also been associated with the increasing participation of Papuans and New Guineans in the economy at all levels. [More…]
Business concerns themselves are responding to the Government’s wish for greater indigenous participation in the economy. [More…]
From a country almost entirely dependent on a limited range of agricultural crops Papua New Guinea has been transformed into a country which in the period 1965-66 to 1969-70 had a rate of growth of 10 per cent per annum for the whole of the economy - an achievement equalled by very few other countries. [More…]
Instead of combating inflation, the Budget will encourage it and blow more ill winds on an economy which ls already sick. [More…]
The Budget seems to make every endeavour to give impetus to that trend, apparently to satisfy the conservative philosophy of controlling the economy and disciplining the unions by creating a pool of unemployed. [More…]
That this Chamber view with grave concern the imminent threat of a massive plague locust outbreak on the MIA and the districts north and west of Griffith and the potentially serious effect on the economy of this region: [More…]
This is one occasion on which honourable members from both sides of the chamber would be happy, I am sure, to vote unanimously for a military operation, and I would hope that perhaps this might be possible in view of the threat to the entire economy in vital regions of both States. [More…]
Does he now want to insist that the Government gives up its policy of trying to restrain inflationary forces which can have a very unfortunate effect on the pensioner, on the fixed income earner and on those who engage in the export trade, and which in fact can distort the very structure of the Australian economy? [More…]
In particular this question is raised by the developments in the economy over recent years. [More…]
These people have made provisions in the early part of their career for retirement at a certain age and they expect that at that age they will be able to maintain a reasonable standard of living but when inflationary trends enter the economy they find that their livelihood is eroded year after year and there is absolutely nothing they can do to retrieve the situation. [More…]
How far can any economy carry these people when all the time a natural increase to offset inflationary trends comes about. [More…]
However, action had to be taken to maintain the stability of the economic structure of our country and at the same time maintain the full employment economy concept. [More…]
They are, as I see them in broad, simple terms and not necessarily in order of importance: Firstly, a series of adverse seasons since 1964 over a wide area of Australia; secondly, marketing difficulties, especially export marketing difficulties with such products as wheat; thirdly, the low export prices on world markets for many rural products, wool in particular, compounded by Britain’s likely entry to the European Economic Community; fourthly, the growing use of synthetics, or alternatives to products of rural origin; fifthly, the constantly rising cost of production; sixthly, the international currency crisis; and, seventhly, the whole rural economy has been geared to the era of post war prosperity. [More…]
Too often in the past few years we have heard the economic pundits and other would-be authorities claim that the importance of the rural sector in the economy is no longer of great consequence. [More…]
The turn down in the rural sector will make, indeed is making, its presence felt in the total Australian economy. [More…]
It has taken longer for the effect to make its impact on the total economy than in the past, but undoubtedly it will be a significant contributing factor to any general slowing down of economic growth in this nation. [More…]
To date the full effect of the rural recession on the total economy has been largely counter-balanced by the heavy annual capital inflow. [More…]
If they want to maintain and develop their own activities in the fields of finance, it is in their own interests to continue to help sustain this section of the economy. [More…]
An ordinary listener to the proceedings of this Parliament may be surprised to hear it said that the economy is actually nobody’s political propaganda; but that is the position. [More…]
The basic things in the Australian economy have nothing to do with the policies of any government of course, they have nothing to do with the policies of any opposition, either. [More…]
I want to turn now from this aspect of the Australian economy to make one or two comments on defence. [More…]
It has been pointed out by research economists in Papua New Guinea that Australian industry and affluent Australian agriculture in Papua New Guinea are in fact subsidised out of the subsistence economy of the natives. [More…]
That is to say we can only sustain the low wages that are paid because they are feeding themselves from their own economy, maintaining themselves in physical efficiency as a labour force, and by their own efforts they are subsidising people who are far more affluent than themselves. [More…]
The classic Westminster system in its greatest days was a stately gavotte between liberals and conservatives who had some differences on how best to run a free enterprise economy but had a deep fundamental unity about the survival of the nation state. [More…]
There is room in any system of taxation, if one is to consider the necessity of controlling the economy by fiscal means, for a degree of regressive taxation. [More…]
In trying <o understand this Budget, we in opposition are convinced that in endeavouring to deflate the economy, which seems to be the only alternative that this Government has in mind to combat inflation, the wage earner and the family are the real victims. [More…]
I believe that it is far too deflationary and already there can be seen the effects of this Budget on the economy in the 3 months since it was framed by Treasury officials. [More…]
Australian manufacturers employ 1.4 million people - about a third of the Australian work force - and when their capital spending is cut back it causes a multiplied slowing down of economic activity within this large sector of the economy. [More…]
Economic observers therefore say that stagflation psychology has taken a grip on the manufacturing sector of our economy, with quite frightening results. [More…]
The sooner it does so, the better, because our economy depends upon it. [More…]
Economic observers say the problem facing the Government now is when to stimulate the economy. [More…]
The next matter with which I wish to deal is shipping and its effect on the Tasmanian economy. [More…]
Therefore, the effect of such an increase on our economy is enormous. [More…]
The adding of this freight increase to the cost of goods imported and of produce exported has had an enormous effect on our economy. [More…]
It certainly has not recommended that a freight subsidy should be paid by the Commonwealth Government to assist Tasmanian shippers and the Tasmanian economy. [More…]
This is most regrettable, but the establishment at Mascot of an asset that has been developed for an outlay of Si 67m and the fact that the extension of the north-south runway has still to be completed spells out very clearly that it would be false economy to sell out the Sydney Airport at this point of time. [More…]
It may well be that the development of Botany Bay as a deep water port which has come into being with the development of the aerodrome will be of tremendous importance to the whole future economy of New South Wales. [More…]
The Development Board believes that if the Commonwealth Government was prepared to offer special tax concessions for decentralised development in places such as Ipswich the city of Ipswich would have a much stronger local economy. [More…]
Will the Prime Minister pay no more heed to his Tasmanian colleague’s call for a mini-Budget to boost the economy and counter unemployment than he has paid to the Associated Chambers of Commerce and Manufactures, the trade union movement and independent economic commentators? [More…]
Further, is the nation’s economy to be sacrificed so that the face of the Government can be saved? [More…]
On many occasions I have spoken about, the need for greater competitive forces in our economy and I remind the honourable gentleman that I had the honour of introducing into this House the Trade Practices Act. [More…]
It is on the basis of the Trades Practices Act that we have now before us the prospect of a greater free flow of competitive forces in our economy. [More…]
In reply to a question which I asked, the Treasurer failed to deal with any of the points raised, but set about strongly suggesting that I had misrepresented the points to which I had referred from the annual report of the Reserve Bank of Australia and the Treasury White Paper entitled ‘The Australian Economy 1971’. [More…]
In the annual report of the Reserve Bank, under a section headed ‘The Problem of Inflation’, a brief analysis is made of the economy between 1969 and 1970, and then the following conclusion is made: [More…]
I am deeply concerned about the rate of inflation that we have witnessed in the economy in recent times. [More…]
The second point I want to make is the effect of this rapid inflation on the economy - not just the creep of inflation in recent years but the rapid inflation that we have seen recently, which we are still seeing and which is still in sight. [More…]
I want to draw attention to the effects of inflation on our export industries and on the economy. [More…]
Inflation distorts the economy. [More…]
I merely make the point that what Parliament does is an example to the community as a whole and that inflation is, firstly, a grave injustice to many people in this community and, secondly, it has enormous distorting effects and influences on our export industries and the economy. [More…]
That was thought to be a common part of the national economy. [More…]
I do not know whether an additional 1 per cent on the wage bill of South Australian industry is necessarily a healthy thing at this stage of the economy but it certainly is the only device which was open to South Australia, unless the Commonwealth was more generous in its reimbursement. [More…]
If the economy needed to be dampened down the Government could suddenly increase the rate of payroll tax or if it were necessary to stimulate the economy, the tax could be reduced. [More…]
Again, it is arguable whether that was necessarily the best way of raising another $100m or so in the Australian economy. [More…]
In the Budget debate the other night, the honourable member for Moreton (Mr Killen), although paying Hp service earlier in his speech to the belief that he was not a centralist, concluded by saying: ‘Of course, we should consider ourselves as one country, not 6 separate countries, and as one economy and not 6 separate economies’. [More…]
The Budget debate is, therefore, much more than a debate on the economy alone, it provides a unique opportunity for discussion on all matters concerning not only our standard of living but also our style of living. [More…]
I should like to briefly discuss some of those issues which I believe bedevil our society as distinct from our economy today, issues which present a significant challenge to our future progress and development. [More…]
It has been suggested that this Budget could tip the economy into a recession. [More…]
That number also was severely cut back earlier in the economy campaign. [More…]
It seems that now is the right time for the Government to inject seme renewed life into the economy. [More…]
The Prime Minister now has doubts about it himself and concedes that there is some danger of a recession in the economy early next year and has stated that action will be taken if this proves to be so. [More…]
He ignores advice similar in nature given to him from all quarters including Mr Hawke of the Australian Council of Trade Unions, Mr Blyton, president of the Associated Chambers of Commerce of Australia, the president of the Associated Chambers of Manufactures of Australia and rural interests, all of whom have warned him of the dangerous consequences of deflating the economy. [More…]
They have also warned him how much harder it is to get things running again once this deflated economy reaches its depth. [More…]
It ignored the report of the Vernon Committee on the economy. [More…]
The Government has failed miserably to live up to its responsibilities as regards the economy. [More…]
It wants to side-step them still further by forcing the Commission to take the responsibility of managing the economy. [More…]
I appreciate that the Treasurer (Mr Snedden) had tremendous difficulties, perhaps unprecedented conditions, not only on the domestic scene but that he was faced with producing a balanced economy for this nation at a time when international finance was reeling under the battle for currency supremacy. [More…]
Firstly, enough finance for commonsense restocking and getting a grower back into business; secondly, bonus payments to be made on the basis that they will not be made immediately in full to the financial house to which the grower is indebted, leaving nothing to get him back into business; and, lastly, he must have long term finance at the lowest possible rate of interest, and when he commences to earn again, taxation payments must be spread over a period to permit him to reconstruct his economy. [More…]
Let me remind this Liberal-Country Party Ministry that it is much, much harder to revivify a sagging economy than it is to regulate an excessive boom. [More…]
In that case we shall seek the necessary powers from the people to do these things which we consider so necessary for the proper control of our economy. [More…]
However, I am told that with all the experience he has had in these matters his views are that you cannot have proper restraint, you cannot have any sort of success with an incomes policy - let alone these blunt instruments being used by this Government - unless you first have some form of price control, ensuring that not only one sector of the economy, namely, that covering wage and salary earners, is being restrained. [More…]
I have directed my speeches to this most important matter of the stabilisation of the economy on more than one occasion. [More…]
The reason I have raised this matter is that bank lending is largely controlled by the Government through the Reserve Bank of Australia and it exercises this power in a manner designed to assist the Australian economy. [More…]
If the Government believes that it has a duty to control the economy in the interests of the Australian people and, in the words of the Treasurer, to combat inflation, to slow it down and to halt it, again I am in complete agreement with that. [More…]
Today it is fashionable to knock immigration, and the critics of our immigration policy point to the demands which the immigration programme makes on the economy and the additional amount of money which has to be spent on roads, schools, hospitals and sewerage systems because of the number of migrants which we as a government have brought to Australia. [More…]
The Budget outlines a dangerous strategy, especially dangerous in view of the poor performance of the economy last year. [More…]
Last year was a tough year for the economy. [More…]
Value in terms of potentially improved welfare services, improved education and improved environmental conditions will be lost and will never be achieved again no matter how much the performance of the economy is improved in subsequent years. [More…]
Last year was a tough year for the economy. [More…]
This economist, whose views have been taken up by many spokesmen today, indicated the dangers of an obsession about growth - that a fixation on this narrow quantitative area is a dangerous thing for an economy. [More…]
This is a hard but realistic fact of life, so the first thing we must do is to improve growth rates in our economy if we are to talk meaningfully about qualitative improvement. [More…]
That was a dramatic drop in the rate of performance of private enterprise in the economy. [More…]
Nevertheless these areas have been taking the brunt of fairly savage restrictions in the economy. [More…]
This is an important sector of the economy. [More…]
Capital investment in the economy is the sort of driving force which gives a thrust to the progress of an economy. [More…]
We have heard no discussion from members of the Government about the inflationary effects which are injected into the economy by this sort of movement. [More…]
As every finance writer is asserting forthrightly and correctly, this is the wrong area in which to aim the effects of the economy. [More…]
For several years this has been a long term chronic problem in the economy. [More…]
As the Treasury White Paper pointed out, this sort of influence on the economy will be with the population for some considerable time, because in most cases there are substantial gestation periods between when investment commences and when a project is completed in this sort of development. [More…]
Stagnation obviously is occurring in substantial areas of the economy yet in other areas, while this run down is occurring, there is an upsurge of inflationary pressures. [More…]
Of course, the purpose is to win the economy, to pull back demand, but it is fighting the wrong opponent. [More…]
In recent surveys the Associated Chambers of Manufactures and the Bank of New South Wales showed that the economy rather than being flattened out should be stimulated. [More…]
If we contrast that group of 38 per cent only which felt that business was performing satisfactorily for that quarter with the S3 per cent figure for the March quarter we get a picture of a complete loss of confidence in the way in which the economy is being handled. [More…]
We again get the clear impression that this is going to be a fairly bad year all around in the economy. [More…]
If investment or expenditure in the capital field is cut back, the rate of development in the economy is really being set back. [More…]
What will happen if the seasonal inflow of capital investment which the Treasury depends upon and relies upon in the closing stages of the second half of each financial year to bolster the operations of the economy does not materialise because of the international economic problems which are quite apparent today. [More…]
In that situation, the monetary policy and the tight liquidity which will be the symptom of that monetary policy in the second part of the new financial year will have an especially savage bite on the economy. [More…]
All of this will have a shock wave effect which will be felt in the Australian economy. [More…]
At page 14 of the Treasury White Paper entitled ‘The Australian Economy 1971’, we read: . [More…]
At page 17, after discussing the reasons why people seek wage increases and why in the relatively uncompetitive economy in which we live they are able to get them, the White Paper states: [More…]
They come from the monetary and fiscal policies of the Government because these are the forces which are operating in the economy, which are injecting these increased costs and which in turn are pushing up the costs in the community leading to the sorts of demands that wage earners reasonably set about seeking. [More…]
On page 36, under the heading The Problem of Inflation’, the Reserve Bank after a discussion of the economy states: [More…]
This is a significant factor because the whole strategy of the Budget has been to set about dampening down demand, a force which is not causing problems in the economy. [More…]
The Reserve Bank report identifies a number of things that need to be done in the Australian economy. [More…]
That, basically, is the problem with the Australian economy. [More…]
He based his speech - although he did not rely on it so much as did the honourable member for Adelaide (Mr Hurford) or the honourable member for Kingston (Dr Gun) - on the fact that he feels that there should be more stimulus to the economy at this time. [More…]
If this is another example of the philosophy we have heard put forward tonight that the economy needs some stimulus then I hope that those people listening to the broadcast of this debate appreciate the fact that there is a deep philosophical difference between the Government parties and the Opposition. [More…]
All of the major economists that I have access to - and I suppose they might not be as evident as some other people - I do not know one who does not think that some heat should be taken out of the economy at this time. [More…]
If that is so I give him credit for it, but if that is not so let us see what happens at the next election to the electoral figures in rural seats held by members of the Opposition who believe that the economy now needs some stimulus. [More…]
I am not prepared to argue whether it is right or wrong but I do say that intrinsic in this proposition and intrinsic in the remarks that the economy needs more stimulus is the fact that we must have larger and larger bureaucracies and larger and larger civil service numbers. [More…]
If I might return to the Budget, the fact that I think we should all absorb at this stage is that the Government, through this Budget, has tried to take some heat from the economy. [More…]
In the short time left to me I shall continue on this theme about the present state of liquidity in the economy which was demonstrated, I thought very well, by the Prime Minister (Mr McMahon) today when he referred to an increase of $157m in trading bank deposits for the last month, to give some idea of the potential for increased expenditure let loose in the economy. [More…]
I do not think that they would say otherwise now, but what Opposition members try to do is to pick out some little advantage that countries such as Sweden or Switzerland may have and they try to put this against the whole of the Australian economy in order to paint this country as being only second class. [More…]
One appreciates that the man on the land has made a great contribution to Australia’s economy over the years. [More…]
The United Kingdom Government took drastic steps some months ago to stimulate the economy after dampening it down. [More…]
Its effect on costs in every section of industry will be ruinous and will have a detrimental effect on the economy. [More…]
Yet, competent and efficient men ia this district are to be compulsorily removed to Rockhampton on the departmental pretext of achieving greater efficiency and economy. [More…]
If the Department lifts 42 families from Cairns and sends them to Townsville this will disrupt those 42 families and make a big difference to the income and economy of the Cairns area. [More…]
I believe that Australia’s economy justifies even greater strength in our defence forces than exists today, but certainly the position is a long way better than what is proposed by the Labor Party in its amendment to this Bill. [More…]
1 I repeat that the scheme is the most econom ical of various proposals which have been considered and it is not proposed to burden the State economy by introducing costly changes which are beyond our financial resources. [More…]
test, will give a boost to the economy by: [More…]
Is the impact of the present world currency crisis operating most severely in this Group, which must be responsible for an ultimate solution which will in turn, affect our economy? [More…]
It is a factor that should dominate our thinking and our attitude to primary industries at the moment, not for themselves alone but for the contribution they make to the overall economy of the nation, because they are earning the money to buy the materials which keep the factories going and which keep the economy moving along. [More…]
If we look forward, as we should, from, the period of the 1970s to a period between 1980 to 1985, it is likely enough that substantial changes will have occurred in our internal economy and our external trade, which is based upon our internal economy. [More…]
The honourable member for Isaacs said that in the mid-1970s $6,000m should be the level of our exports if we are to maintain our living standards and momentum in the economy, and he said that we would have to achieve this by relying on manufactured exports. [More…]
In fact, he made a stricture on the Australian economy when he said that incentives to develop in the United States of America, Japan and even Ireland are much better than the incentives given to our industry. [More…]
This is an industry which suits their economy and they are right next door to us engaged in this industry on that basis. [More…]
But the fact of the matter is that a very large amount of money has been injected into the economy as a counter to increased costs of phosphates. [More…]
And whereas in order to assist in the defence and the development cf the Commonwealth of Australia to facilitate interstate trade and commerce and to secure maximum efficiency and economy in railway operations, it is desirable that there should be a standard gauge railway between Kalgoorlie and Perth and other places in the State of Western Australia. [More…]
Defence and development, interstate trade, maximum efficiency and economy would all be met. [More…]
It must be built eventually and it would be false economy to delay its construction any more. [More…]
development and economy of Australia we cannot cease to be amazed that a major part of the cost was not provided from the defence vote and at least the bulk of the remainder by the Department of National Development and the Treasury without any or very little charge to Western Australia. [More…]
This to me is a false method of economy: Save a few million dollars in the first instance and lose several million dollars over a period. [More…]
This would also, in my opinion, be a ‘false economy proposition as far as the Western Australian Government is concerned, but unfortunately it is not in a position to find the necessary finance itself and must rely on the Commonwealth to come to its assistance. [More…]
These savings will be only marginal and, as I have suggested in written correspondence to the Minister, they will be a very short term economy at that. [More…]
Surely this represents a wonderful boon to the economy of the United States. [More…]
We know how important the gross income of the apple and pear industry is to the economy of Tasmania. [More…]
Indeed, it affects the whole economy of the State of Tasmania and the future of the welfare of so many of the people of that State. [More…]
1 make an appeal in this speech for a total freight freeze for the Tasmanian fruit industry and, if not a freight freeze, then a subsidy to protect the economy and welfare of the Tasmanian people. [More…]
It is the effect it has throughout the economy. [More…]
We have in fact a situation here whereby an industry, in the case of Tasmania - I trust others will forgive me for not talking about other parts of A us tra-: Iia - represents something over $20m of value to the Tasmanian economy and generates, as the Minister said in his speech, something between 45 per cent and 60 per cent of agricultural earnings for the State and produces something over 70 per cent of Australian exports in this field of production, that is, of pome fruits. [More…]
So we are not talking about small peas as far as the Tasmanian economy is concerned. [More…]
I think that I should reiterate the value of the apple and pear industry to the economy of the State of Tasmania. [More…]
I agree with the leaders of industry that, comparatively speaking, the apple and pear industry is more valuable to the State of Tasmania than the wool industry is the economy of the Australian nation. [More…]
This very serious economic position one of stagnation is affecting fruit growing towns and contrasts markedly with rising profits and wages in other sectors of the Australian economy. [More…]
Apart from the economy and efficiency that can be obtained by the means mentioned, a single marketing authority could also speak for the entire industry with a single voice and, as the Government has said again and again, this is just what it likes to see and hear. [More…]
If honourable members opposite can tell me that a deal or an arrangement or an agreement like that - call it what you will - can be considered by so-called responsible people to be in the interests of Australian trade and the Australian economy and the people who produce the goods, then I do not know where their brains are. [More…]
As far as I am concerned we ought to abolish the Governor-General’s part if the position is that this sort of procedure holds up legislation in Australia which is of national importance and which affects industry, the economy and the States. [More…]
In addition the massive tariff legislation which was introduced in the late 1920s to develop a semi-industrialised economy was not in being at that time; nor were the Commonwealth and Reserve banks, TransAustralia Airways and Commonwealth control over the note issue. [More…]
Of course, with the diluted economy which Australia now has, we can support the once great primary industries, which really established Australia, by providing subsidies and the like. [More…]
This Government, of course is maintaining quite a sham in controlling the Australian economy because, if any member of this Parliament chooses to examine the recorded speeches of Dr Coombs he will find that in 1953 over 70 per cent of the money flow of the Australian economy was under the control of the banking system. [More…]
Yet we have a government which has the gall to tell us that it is able to control the Australian economy. [More…]
Finance is government and unless the Government is prepared to govern and to control the totality and flow of finance within the economy it ceases to be a government and it ceases to have the respect and will ultimately cease to have the support of the Australian community. [More…]
The time has arrived when there needs to be a real government and a real concept of an Australian national economy. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
The strict meaning of repatriation is restoration or return to the native land; accordingly, the primary objective of Government policy after World War II was to get our soldiers back to Australia and reestablish them in the domestic economy. [More…]
I raise as only one example the decisions that are made by the Department of Immigration to indicate how this gells or does not co-ordinate with the decisions that are made in Treasury from time to time about the rate of growth of the economy. [More…]
Indeed, such a course appears to have more to offer, in terms of economy and efficiency of the resources of the Parliament itself, than the alternative of creating further committees which, should they be established, undoubtedly would place severe strains on the resources of this House and also of the civil service. [More…]
For years the economy of this country has been bedevilled by failure to arrive at any principles that would regulate Federal and State financial relations. [More…]
We find we have one economy which needs unitary management. [More…]
The machinery must be set up to endeavour to increase or to make those reviews far more regular so that we can plan our economy in a more effective manner. [More…]
I sincerely hope that it is not suggested by honourable members on the Country Party benches that this was not a sound policy for the development of this country because had we not developed secondary industries and become a mixed rural-cum-industrialised economy we would have had a great deal to worry about today with the plummeting returns to the rural sector. [More…]
The greatest problem, of course, is that of our wool industry which over the years has been the mainstay of Australia’s economy. [More…]
Already 24 per cent of industry in Australia is foreign controlled, and when we look at Canada which has 60 per cent of her industry under foreign control we can see what a menace uncontrolled investment could be to any country, for Canada’s economy is virtually in the hands of foreigners. [More…]
is tantamount to an act of treason because, of its serious effects on the Australian economy. [More…]
International authorities associated with the Japanese economy state categorically that the slowing down in Japan’s imports of coal and iron ore is a direct result of the steel recession which is now being accelerated by the international monetary crisis in which Japan and the United States of America are the key combatants. [More…]
Australia of course has been warned many times that the greater its dependence on Japan becomes the more significant will be the repercussions in Australia should the Japanese economy falter, and this is happening now. [More…]
This will prove to be false economy as far as the nation is concerned as in normal times this area has been returning a greater income for the amount of capital invested than all other areas of New South Wales. [More…]
This Government is most anxious to help those men to the best of its ability and for the good of the economy of this nation. [More…]
I am not an out and out antiprotectionist but I believe that tariff protection has gone wild in this country and it has reached the extent where it is not in the best interests of the economy. [More…]
But government moneys are often involved and, as with many other areas of production, the national economy is involved. [More…]
Such a policy will destroy completely the stability of the economy and the jobs of countless thousands of Australians. [More…]
We have a full employment economy, and this Government should realise that in 1960-61 when there were 220,000 people unemployed the Labor Party, for the first time since I have been a member of this Parliament, went within one seat of winning the election. [More…]
I have never thought that employment should be a factor involved in an economic decision in a full economy, but I admit that that is a matter of judgment. [More…]
The economy of Australia will be distorted in the future if the Government’s present relations, and its dependence in particular for political survival, depends upon the economic vagaries and whims of the Australian Country Party. [More…]
What will hold Australia back more surely and cause our standard of living to fall is our inability to buy the imports that a developing economy demands. [More…]
If we cannot produce exports the whole economy will slow down. [More…]
Coming back now to this problem of employment, the important thing to realise is that we do not get good employment figures out of a sick economy and to have a flourishing economy we must be able to buy imports and to do that we must produce exports. [More…]
Anything that increases the burden on the export industries automatically diminishes the health of the economy and our ability to create employment. [More…]
But do not ignore the cost in economic terms, and do not ignore the effect of the cost on export industries which must be able to produce the exports a developing economy demands. [More…]
It is a question of deciding where we can get the most employment out of the economy. [More…]
Today they are flourishing manufacturing concerns making a magnificent contribution to the Australian economy. [More…]
Therefore it seems to me that if one can see that there are some weaknesses in the way in which tariffs are structured in this community and economy of ours, we ought to be critical. [More…]
Our economy is relatively fully employed in terms of numbers of people in the work force that we put into industry to produce and the resources that we provide for them to produce with. [More…]
Although we have a relatively fully employed economy we still do not have enough workers, so much so that we are running an immigration programme to get more workers. [More…]
These migrants do not get the wages they ought to receive if we had a properly competitive economy. [More…]
It seems that in any economy, no matter what one wants to do, there are always more things to be done than one can get resources for. [More…]
Again, for argument’s sake, the return to the community - and I am using a fairly simplified and hypothetical sort of case - might be only 5 per cent whereas if we had made a thorough analysis through the economy we might have found that $100m in, say, project B, C or D might have given us a return of 10 per cent or 20 per cent. [More…]
When I am talking about the percentage return I mean the net gain to the economy - the extra goods and services which are surplus to the economy and available for distribution. [More…]
This means that there are more goods to distribute to all the people who are working in this economy. [More…]
If we have a fully employed economy and if we have an optimum distribution of resources, labour and so on in that economy, someone could come along and say - and I am referring to arguments that I have read recently: ‘Look, I want to start up a completely new industry over here, but 1 am a pretty high cost producer. [More…]
I cannot afford to get 100 workers or the capital equipment out of the overall economy at the moment because the sort of return I would get from producing the line that I want to produce is just too small compared with what other people are getting as the economy is currently structured. [More…]
But if you give me a 50 per cent tariff protection I can pluck those workers and that equipment out of the economy and I can then make a profit.’ [More…]
That sounds pretty good, and I used to be persuaded by this sort of argument - until a friend of mine, who is an economist, one day said to me: ‘You know, you are taking that equipment and those workers and so on out of the economy where they are producing at a fairly high level and putting them into an industry where relatively they are producing at a much lower level. [More…]
It would seem that it is our responsibility to get the most return that we can for our workers and our consumers who after all are the people for whom we are concerned in our economy. [More…]
Perhaps the argument should be put that we ought to be planning the economy, we ought to be considering all sorts of alternatives, and we ought to be looking at input and output tables to see where the best returns are and then trying to maximise the sort of achievement we can make within the economy. [More…]
plans to reduce some small official offices to non-official conditions are in the interests of economy. [More…]
He stated that it was in the interests of economy. [More…]
Economy seems to be the guiding factor. [More…]
The saving of a few dollars and cents - a matter of economy - has apparently entered into the subject. [More…]
An officer of the Department, Mr Lane, whom I know - he is quite a nice fellow and quite an effective officer but he can only carry out orders coming from the Federal Government whose members sit opposite - made the point that the whole move is being made in the interests of economy. [More…]
Technical education, so closely allied to the economy and to employment policies, seems admirably suited to Commonwealth responsibility. [More…]
Our contribution to the improved quality of these products through intensive research in tropical agriculture would mean a lot to Australia’s economy. [More…]
Outstanding progress has been made and our economy has benefited greatly. [More…]
Has the Prime Minister observed that, despite his telephone conversation 5 weeks ago with the chief economist of W. D. Scott and Co., that firm remains unrepentant in its views on the economy? [More…]
As a result, we know very little about the following: Firstly, the distribution and accessibility of general practitioners in poorer areas; secondly, the extent to which the poor are forced to use outpatients departments of public hospitals which are not designed to meet such needs; thirdly, the efficiency and economy of the use of outpatients departments by the poor; fourthly, the incidence of illness among the poor and the nature of this illness, especially chronic illness; fifthly, the connection between the ill health of the poor and the general pattern of their life style such as diet, hygiene, social and psychiatric problems and their promptness in seeking medical care; and, sixthly, the need to link health, education and social welfare services. [More…]
Is the Prime Minister aware that this department at Monash University is engaged in the preparation of an equilibrium model to show the effects throughout the economy of alterations in tariffs or exchange rates? [More…]
The Australian Labor Party believes that there is an urgent need for the Commonwealth to take immediate and positive action to restore the wool industry to the former strong and viable financial position it occupied in the Australian economy. [More…]
Something radical and revolutionary must be done before the whole wool industry collapses to such a degree that it will cost the Australian taxpayer so much money as to be a major drain on the Australian economy. [More…]
But for the sake of the industry as well as for the sake of the Australian economy let us bend our will to working out ways of using $150m wisely to help the industry. [More…]
In this morning’s Melbourne ‘Age’ there was an article in the financial pages entitled: ‘The US Economy - Nixon Puts deadline on textiles’. [More…]
In my opinion, this will prove to be a false economy as far as the nation is concerned because in normal times this area has returned a greater income for the amount of capital invested than have all other areas of New South Wales. [More…]
If I have any criticism of this Government, it is that they have not been firm enough with those who are disrupting our economy and forcing our costs up. [More…]
Nothing could be more disastrous to the rural economy than a moratorium. [More…]
Some, through private wealth or other resources, will not be in nearly as much need of it as the majority of wool growers will be, but once we begin to impose arbitrary restrictions, means tests and requirements of proof of poverty before payment is made then, firstly, we fail completely to recognise the justice of providing this measure of protection to the wool industry, and secondly, we create humiliating unreasonable and unfair conditions for this section of Australian producers which conditions do not apply to all sections of producers in the secondary division of the Australian economy. [More…]
He is perfectly right in saying that what has greatly affected, precipitated, emphasised, if you like, the problem of the rural industries is the increase in costs and the decline in the value of money within the Australian economy. [More…]
What we want in this country is a balanced economy. [More…]
We should not forget the part that the wool industry is playing in providing that balanced economy. [More…]
We want - and I stress it - a balanced economy. [More…]
We have centres in northern Queensland 50 or 70 miles from a major seaport which are still progressing in their contribution to the Australian economy, and the same can be the case in the major cities in the south as well. [More…]
This system can no longer be justified on grounds of economy let alone social justice. [More…]
I think what the honourable gentleman will remember is thatI commended the policy decisions made by the right honourable gentleman from Higgins whilst he was a member of the Cabinet, and that included the time when he was the Prime Minister as well as the time when he was Minister for Defence during the last Budget discussions on the state of the economy and the measures which should be taken in the national interest. [More…]
Will he, in the light of these comments from sources normally sympathetic to his Government, reconsider his rejection of the views put forward by the right honourable member for Higgins and thus avoid delay in correcting the economy which the Victorian Employers’ Federation described on Sunday as ‘the height of electoral folly’? [More…]
As to the second part of the honourable member’s question, there are many people saying just as favourable things about the state of the economy. [More…]
I will not repeat the advantages of this change except to say that it is designed to improve the quality, the efficiency and the economy of the service and it has been developed in the public and national interests. [More…]
I am satisfied that the introduction of area management in the Post Office will have considerable advantages in terms of service, efficiency and economy. [More…]
Because of the present depressed position of the rural economy the seasonal work available for Aboriginals on farms has declined. [More…]
I do not want to exaggerate this because the number of people who are in the wage economy is relatively small. [More…]
It is probable that there are not many more than 100,000 in what we could call a wage or salary sector of the economy in Papua New Guinea, even throwing in plantation labour, and in a large population of 2.5 million there are very many more people who are living in a traditionalsubsistence economy and who are not affected by the level of wages. [More…]
If he troubled to read it he would see the tremendous advances in all sectors of the economy. [More…]
If they are to be independent they must have a wage structure related to their own economy otherwise they will have a false independence and will have to depend on subsidies from outside sources. [More…]
We would be false in our attitude if we said that we would bring this country to independence but saddle it with a wage structure based on Australia’s economy. [More…]
I now reiterate that it is in Australia’s interests not to take any long term decisions until a multilateral solution is reached, for if we did we would be taking a decision in the dark that would not be in the interests of the economy or the people of Australia. [More…]
The former Prime Minister, the right honourable member for Higgins (Mr Gorton), in February of this year, I think, made a statement about the economy of this nation. [More…]
They show that the total profit position of all company activity in Australia for the year 1970-71 had actually declined but that the profits of the finance section had increased from $240m to $286m or about 20 per cent in that 12 months period when there was supposed to be monetary restriction on the economy. [More…]
The national Government - the national Parliament - can, must and should at all costs exercise full powers over the national economy. [More…]
As the economy is becoming progressively distorted we find a remarkable rise even in interest rates for the orthodox overdrafts granted to prime borrowers by the major trading banks. [More…]
People have adopted this stupid attitude towards methods designed to dampen down the economy. [More…]
Prove first that you are interested in the basic industries and, secondly, that your investment is in the interests of the Japanese economy or that it will encourage employment’. [More…]
But let us be quite clear; the invasion has been strong and definite and it is now an influence which could well be inimical to our own independent economy. [More…]
It is time that we brought the Australian economy back home to serve the people here. [More…]
Speculative money coming into Australia has distorted the economy and it has been a major factor in our inflation. [More…]
Yet we have a situation where our own standards of living have slipped and where control of the economy has slipped and is slipping further away from us. [More…]
The whole roll call of our economy illustrates how much has already been eroded. [More…]
If honourable members opposite think that they will have any significance in an economy totally dictated from outside this nation then they are living in the world of Alice in Wonderland. [More…]
Let us have the economy brought home as far as is possible. [More…]
One never hears a word of criticism of them in the Parliament despite the fact that the whole economy of, say, Sydney or Melbourne or the complexes around them might be heavily dependent on tariffs. [More…]
This rail link will be of tremendous advantage to Tasmania’s economy. [More…]
It helps to give a new strength to our economy. [More…]
This project will employ approximately ISO men who are at present unemployed, and this will of course be of great benefit to the economy of the State. [More…]
Certainly, it is pitifully inadequate in terms of what is needed, firstly, to keep the refugees alive and, secondly, to avoid the complete collapse of the Indian economy. [More…]
No doubt he is floating around in mid-air tonight, and he has left behind him an economy in a similar situation. [More…]
The Treasurer (Mr Snedden) has been overseas in connection with the Australian economy. [More…]
He came back to Australia, put his foot up on the nearest bar he could find and said that the economy was not crook. [More…]
He said that everything else was crook but not the economy and that we should talk about instilling confidence in the economy by saying that it was not crook. [More…]
The Parliament has been sitting since yesterday afternoon but the Treasurer has not uttered one word concerning what he intends to do about the economy. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
But at the moment we are endeavouring to restrain the economy in some undesirable areas that have been putting cost pressures on the economy. [More…]
What the Australian economy needs today is more confidence. [More…]
I want to deal with housing in both the public and private sector and the action of this Government in using the home building sector of the building industry to place a brake on the whole economy. [More…]
This action diverted money from a sector which was not placing any real pressure on the economy at that time. [More…]
That sector was not curbed in 1970 and it has continued its pressure on the economy. [More…]
It is because the economy is so weak and tragic. [More…]
One problem is that the United States is an enormous economy in which, in relative terms, international trade does not loom so large. [More…]
Certainly, we cannot afford to be complacent - the more so since, as the French Minister of Finance warned the Annual Meeting of the Fund in Washington, ‘the world economy appears to have entered a stage of lessened growth in recent months’. [More…]
And as the Prime Minister said is his statement to the House on 26th August, any such decision will have only one proper basis - the interests of the Australian economy and the Australian nation as a whole. [More…]
But if it is good enough for the rural sector of the economy, it is good enough for the home building sector of the building industry. [More…]
We would use the auction system with respect to the commercial and industrial sectors of the economy. [More…]
Members of the Opposition still seem to think that interest rates are something which exist in isolation in any economy and that interest rates in Australia have no relation to what happens overseas concerning interest rates. [More…]
They think that interest rates have no relation to either the fiscal or monetary balance of an economy. [More…]
The Government believes that this is operating close to the equilibrium level that is appropriate to an economy in balance and it is the intention of the Government to do everything possible within sensible and reasonable economic management to keep it so. [More…]
Over the Christmas period 3,000 will be held back because evidently the Government believes that the economy cannot absorb that number. [More…]
Of course, there is no desire on the part of the Government to discuss its mismanagement of the economy. [More…]
are laughing about the mismanagement of the economy by a government which has been in office for 22 years. [More…]
At the same time, our whole way of life, our culture, and our economy have been enriched by the application of a selective immigration policy which has allowed and supported this massive inflow of people from all over the world. [More…]
Entry of suitable migrants is to be encouraged but is to be strictly regulated so as not to impose an undue strain on the Australian economy or to imperil full employment or Australian industrial conditions through over-competition for available work. [More…]
Australia’s economy and employment situation at this very moment - which has all of the earmarks of becoming much worse - calls for deep consideration with respect to future migrant intake. [More…]
The Australian economy must continue to grow, or it will be taken over - physically and/or financially,’ Mr Thompson said. [More…]
Finally I would like to call to task the honourable member for Riverina for his remarks here tonight about the Australian economy. [More…]
We certainly have problems in certain sectors of the rural community, but Australia’s economy is as sound as that of any country in the world. [More…]
Let is assure people that the economy is sound, because that is so. [More…]
I ask: In the interests of damping down inflationary pressure in the economy and as a measure of relief to the hard-pressed export industries, particularly primary industry, will he explain why the revision of the British preferential rate cannot take the form of applying this rate to all imports? [More…]
In view of the disastrous condition of a number of primary industries and the Australian economy I ask the Acting Prime Minister in his capacity of Minister for Trade and Industry to tell the House what action the Government is taking to deal with the trade problems which will follow the United Kingdom’s decision to join the European Economic Community. [More…]
Will the proposal lead to the concentration of production into the low cost areas to the benefit of the economy as a whole? [More…]
I believe that incentive is at the very root of economic progress and if an economy is to be ebullient, progressive and successful the work of the individuals contributing to it has to be imbued with a very strong incentive. [More…]
By now both personal and company taxation have certainly risen to, if not pressed beyond, the maximum practical point without running into this reverse factor and fresh measures to carry the burden of personal and company taxation still further will be fatally weakened by this process and the economy will gradually lose its mainspring and its zest. [More…]
But incentive is at the very basis of the economy. [More…]
These factors have to be absorbed by the economy, and it will be quite a long time before this is achieved. [More…]
It has failed miserably to measure up to its responsibilitits to control the economy. [More…]
It ignored the report of the Vernon Committee on the economy. [More…]
We have one economy and one nation with the fears, the problems and the aspirations of one people. [More…]
The power that this Parliament possesses today is utterly inadequate for the responsibilities which are cast upon it and it seems to me to be in the nature of a massive charade that the Parliament is asked to deal with disputes in this sector of ‘he economy or in this part of the continent when in essence and in truth the Parliament has no power. [More…]
I believe that ultimately, if they keep on with these pressures, they will debauch the economy of Australia, they will impose then their own tyranny on the workers of Australia and the end result will be that the workers will be losers, not management as we know it today. [More…]
The Treasury publication ‘The Australian Economy 1971’ gives some indication of what is happening to the man forced to rely on wage rates alone. [More…]
We have often heard members of the Government tell us how prosperous the community is and how healthy the economy is - and of course credit is claimed by the members of this LiberalCountry Party coalition Government. [More…]
In view of the fact that from an export point of view we rely on our primary industries to keep the economy healthy, it is time all Australia sat up and took notice of what is in fact going on. [More…]
Labor would retain within, the work force the people who have been trained for trades and professions and thereby have the benefit of their production and their income tax injected into the economy. [More…]
So far my colleagues in this debate have spoken about industrial conditions in relation to employment figures and the way in which this section of Government functioning could be used to stimulate the economy. [More…]
The level of employment also needs to be measured against the related problems besetting the general economy. [More…]
I am referring here to the growing contagion of industrial lawlessness, the continuing surge of inflation partly brought about by excessive wage demands, the nagging difficulties of the rural sector of the economy and the clouded international economic scene. [More…]
Move for the immediate initiation of a massive multi-national effort to underwrite the rehabilitation of the Bangla Desh people and their economy. [More…]
Does the Treasurer recall the Prime Minister asserting at question time on Tuesday of last week that in recent weeks he had demonstrated his sensitivity to the state of the economy by making sure that there will be 3,000 fewer immigrant workers coming into Australia over the Christmas period than the Government budgeted for at Budget time? [More…]
Will he now tell the House whether the postponement entailed any specific action or decision on the part of the Prime Minister and, if not, in what way it can be accepted as exemplifying the right honourable gentleman’s sensitivity to the state of the economy? [More…]
The Minister for Shipping and Transport is aware, as a result of the question directed to him yesterday by my colleague the honourable member for Braddon, that the freight levy imposed by Broken Hill Proprietary Co. Ltd. on steel shipped to Tasmanian ports other than Hobart will have serious effects on the economy of northern Tasmania. [More…]
All honourable members are familiar with the fact that motor cars in this developing economy are being churned out at the rate of almost one different type a year. [More…]
Hundreds of people have been leaving Australia and flying to Singapore in the economy seats of Qantas, climbing out of those seats, getting into sub-standard chartered aircraft and flying to the United Kingdom for one-quarter of the price. [More…]
I could go through the details of the benefits that Qantas bestows on the economy. [More…]
I have not had an opportunity to put Qantas in its proper position in the Australian economy. [More…]
We are buying the aircraft, which is of substantial benefit to the economy of the Boeing company in the United States and we are paying top interest on the loan. [More…]
In 1950 the Qantas economy fare between Sydney and London was $585. [More…]
Yet why should we allow so many things to go unquestioned where economy in public expenditure is involved? [More…]
This laxity, this thoughtlessness for economy in government management, seems to me to permeate the whole system. [More…]
It is important to remember that every instance of waste or neglected economy is reflected directly in unnecessarily high taxation or in desirable expenditure being forgone. [More…]
Because of its importance to the timber industry and to our economy I firmly believe that the Commonwealth Government could consider this as a national development project and grant it the necessary financial assistance. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
We feel that the taxpayer should not have the heavy burden of having to pay for the control of an industry which benefits but a few people in this country, and that live kangaroos through their value as tourist attractions are economically far more profitable to our economy and to us aesthetically. [More…]
If Opposition members do not have enough faith and confidence in the strength and resilience of this economy now, they never will have. [More…]
That number, be it remembered, also was severely cut back in the earlier economy campaign. [More…]
In a television interview last night, the Treasurer, Mr Snedden, put up a good solid stonewalling performance, refusing to give any single item of concrete information about the present state of the economy or official expectations as to state in a few months’ time. [More…]
It will try to avoid that but there is a danger that the economy will get out of hand. [More…]
We have discussed this with officers of the Trades and Labour Council but they agree that it is a national issue and that the national Government is responsible for the state of the economy. [More…]
The building industry is always a good barometer of the State of the economy. [More…]
The McMahon unemployment pool will develop into a flood that will burst its banks and upset our entire economy unless urgent action is taken. [More…]
The economic indicators show that the recent Budget is tipping the economy into a recession. [More…]
It still clings blindly to the prejudice that all that is wrong with the economy are the wage claims of the workers. [More…]
It is the people who normally support the Government who are saying these things about the economy. [More…]
The Prime Minister now has doubts about it himself and concedes that some danger to the economy exists and has promised to take action if this proves to be so. [More…]
The programme needs to be instituted now to prevent the current downturn in the economy from snowballing into a fully fledged recession. [More…]
But, Mr Speaker, it is easy for the Opposition to select only one aspect from the overall economic scene and subject it to critical scrutiny without applying the sort of balance that the complexity of the economy would warrant. [More…]
Unlike the Opposition, the Government is charged with the practical responsibility of running the economy - a highly complex and sensitive mechanism. [More…]
I refer here, of course, to the dramatic developments in the world economy over the last 12 months, and to the new economic policy of the Nixon Administra tion and Britain’s prospective entry to the European Economic Community. [More…]
It is well known, too, that these international developments could have significant repercussions within our own economy, and I do not deal with them in detail simply because of the sheer pressure of time in this debate. [More…]
Our economy is basically sound. [More…]
This economy is showing no sign of being unable to absorb the growing national work force. [More…]
This move will affect Australia’s economy as it will affect the economies of other countries. [More…]
This is what I mean when I say that unless the people of this country recognise the problems, face up to them, appreciate the difficulties and not force the economy by way of rapid increases in wages and salaries and strike action to bring about those objectives we will be in trouble. [More…]
I am sure that they will see what is going on and settle down to work in an economy which is in fact improving. [More…]
It appears to me that the mental attitude of Government supporters today is that because as they drive along the highways and do not see a man with a swag on his back, corks around his hat and a billy-can swinging from his swag, the economy is good. [More…]
This is apart from its use in the manufacture of our superphosphates which are vital to the primary industries which are still a highly important sector of this nation’s economy. [More…]
This much needed boost to our island economy was felt on the west and far north west coast of Tasmania. [More…]
As well as providing job opportunities in areas where previously they did not exist this company has been a boost to the economy of the town of Burnie and to the rehabilitation of a railway line of some 80 milesfrom the Melba siding to Burnie. [More…]
The underlying philosophy seems to be that we are incompetent to manage our economy and to carry out our own development, and the only expansion in our still empty continent should be left to other countries and other peoples. [More…]
We are not getting anything of real value as far as the economy is concerned. [More…]
The Australian energy economy is divided into two parts. [More…]
These two parts of our energy economy do inter-act with one another but so far only in limited ways. [More…]
In this field it is broadly true to say that there is no Australian energy economy but six State energy economies, in the main separate from each other. [More…]
Our Federal system does not call for one and the facts of our geography and economy have not required one. [More…]
It is a very different story, when we turn to the automotive section of our energy economy. [More…]
The same natural gas will be a very valuable and acceptable fuel for our own economy. [More…]
The Communist Government of course exercise a highly centralised authoritarian control over the economy. [More…]
Serious problems are developing, apart from the problems in the wool industry There is a lack of confidence throughout Australia not only in primary industry but also throughout the whole economy. [More…]
Has the campaign to ‘talk-up’ the economy by the Prime Minister and himself been a complete failure? [More…]
I have said that there is every reason for confidence in our economy. [More…]
I have also said that the Government will continue to pay close attention to the economy and stands ready, when the occasion requires it, to take appropriate action. [More…]
There does appear to be some slight easing of industrial activity in some sectors of the economy, but 1 would not go as far as to say that it is general. [More…]
As the Treasurer mentioned, the Government is watching the” situation closely, and if it appears that the economy is getting out of balance and that the Government actions are tending to affect or over-affect the economy adversely, the Government will take appropriate action. [More…]
The honourable member referred to cost of living adjustments but, of course, he neglected to refer to the corresponding increases in taxation which would be necessary during each financial year in order to provide for the extra sums of money which would need to be found to compensate for cost of Jiving adjustments or, to put it in straightforward terms, the inflationary effect in the developing Australian economy. [More…]
I believe that if it is possible to bring in a national superannuation scheme it should be introduced, but it will have to be brought in in a way which will allow it to be incorporated into our economy without placing an undue strain on the community generally. [More…]
This is due to the fact that we have an economy which is recognised throughout the world as being particularly sound. [More…]
I conclude by saying that the responsibility of the Postmaster-General’s Department is to provide service first, to see that there is reasoned economy and that the results achieved both in the high level services and in the lower echelon are the best possible for the community that is served. [More…]
I believe that very often the effecting of economies in these areas is false economy. [More…]
But more importantly it could provide an imaginative link with Australia’s most vital area for the future development of our economy if not already our most important area - the Pilbara region of the north west of Western Australia. [More…]
On 28th October 1 asked the Minister for Shipping and Transport (Mr Nixon) whether, in view of the fact that the Government had been subsidising an overseas shipping line to South America to the tune of $1,101,000 over the last 5 years, it would come to the party and subsidise freight rates between the mainland and Tasmania to offset the 25 per cent increase the Australian National Line has received in freight rates in the last 2 years and which has hit our economy a very severe blow. [More…]
If it has not this is a disgrace to Tasmania because the crisis caused by the increased freight rates charged by the ANL is affecting the whole of the Tasmanian economy. [More…]
If in 1966 the Government could blandly claim in election material that the North Vietnamese going into South Vietnam posed a threat of invasion to Australia then possibly it could think about what sort of a threat could exist if the economy of India is not able to sustain the type of strain which is being placed upon it by this crisis. [More…]
The Indian economy was on the point of recovery but the cost of refugees in the financial year 1971- 72 represents, in fact, one-sixth of the normal annual development expenditure. [More…]
A diversified economy has been created, but its efficiency must be improved and its capacity for autonomous growth increased. [More…]
Increased economic interdependence among nations is recognised, but also that a stronger national economy is needed to function effectively in a global setting. [More…]
The Commonwealth Government is concerned about the wage push and the resulting inflation that it is causing and it is doing whatever it can to try to bring reason and sense between employers and employees to try to be a little prudent and modest with their demands so that the economy can get back on to a reasonable keel. [More…]
Likewise, if we can see ways and means of adjusting the economy from a national fiscal point of view and if this is demanded, it will be done. [More…]
Included in the question was what I might call a misfact - that the economy is tottering. [More…]
The fact is, the economy has essential strength and very great resilience. [More…]
Would the extension of aid do anything to inflate our economy? [More…]
I might say that New Guinea adds substantially to the Australian economy and contributes far more to Australian companies than it takes from us in civil aid. [More…]
In other words, from a moral and just point of view, our aid to New Guinea is the least we can do for the boost that our economy receives from Australian investment in New Guinea. [More…]
But look at the economy of New Zealand; look at the economy of the United Kingdom at this time. [More…]
It is terribly important to remember that we should set out to ensure that the public sector of this economy is expanded to the point where the cost of these things is met in a more equitable way. [More…]
These towns have never had the advantage of economy class fares. [More…]
On the credit side, payroll tax is broadly based, its yield grows almost directly in line with the economy, and it is relatively simple to administer. [More…]
That the abolition of the means test will give a boost to the economy by - [More…]
Could this not be a major instrument of control over inflationary pressure now rampant in the Australian economy? [More…]
In introducing the Budget last August, the Treasurer (Mr Snedden) speaking on the economy stated: [More…]
This seems to me to be a rather cynical kind of way to help to reduce the impact, if that is what the Government is doing, of inflation in the economy. [More…]
Also, because of the size of our continent, transport is one of the biggest items of cost in the economy generally. [More…]
All around us we can see signs of economic deterioration as far as total activity of the economy is concerned. [More…]
There is hardly anyone else today who will describe the functioning of the economy as satisfactory or who will view the future with optimism. [More…]
Of course, this action will affect other parts of the economy as well. [More…]
It would be a sign of intention On the Government to acknowledge that the problems within the economy were quite serious. [More…]
The first is that we are now an industrialised economy. [More…]
The infant economy argument has also been used. [More…]
In turn it floats right through the economy pushing up prices all the way through. [More…]
As an example, this means that a first class air fare from Sydney to Melbourne increased from $31 to $33, an immediate increase of $2, and that an economy class fare increased from S25.60 to $27.30, an increase of $1.70. [More…]
This must have an effect on every facet of the economy when increases such as this take place. [More…]
The point that I want to stress is the benefit not only in terms of comfort and economy but also in terms of the saving of lives. [More…]
I believe that the value of a human life in terms of the loss to the economy and the loss of a breadwinner to a family could be calculated at about $50,000. [More…]
It has often been said that when the United States economy sneezes the world economy catches pneumonia. [More…]
If 1 may briefly comment on one or two matters, the honourable member for Melbourne Ports (Mr Crean) has exhorted the House to support the Opposition in voting against the Excise Tariff Bill as a gesture towards rectifying some of the alleged ills of the economy, and so on. [More…]
This afternoon honourable members have spoken of the awful mish-mash which faces Australia’s economy at present because of growing unemployment, but if our economy were properly planned and if there were some sense of priorities, as there should be, we would not be in this situation. [More…]
One reason why we cannot get the best out of our economy is that we cannot employ our unskilled people sensibly unless, firstly, we have deployed our skilled people successfully. [More…]
Undoubtedly if we are to expand our economy we must expand our export sales. [More…]
Australia has now a relatively developed economy, compared with most countries with which we like to compare ourselves, and I think that probably now is the time to review the real import of some of the legislation that has been on the statute books for a considerable number , of years. [More…]
In my discussions with persons involved in commerce and industry, I repeatedly emphasised the point that, despite some problems, our economy was fundamentally sound and that we could look to a long-term annual growth rate of around 5 per cent or more. [More…]
Our decision will be based on the interests of the Australian economy and the Australian people. [More…]
I pointed out that we have our problems - such as inflation and the state of some of the rural industries - which we must solve but, at the same time, our friends should not lose sight of the fundamental soundness of the economy and the great promise of this country. [More…]
In the second place it is wrong in principle because it is based on the philosophy that in a full employment economy the only people out of work are either loafers or people who are just spending a couple of days in between voluntarily changing jobs. [More…]
both he and subsequent speakers from the Government side have been at pains to indicate how important the Prime Minister’s tour was to an improvement in the country’s economy with, one can only imagine, resulting improvement in the employment situation. [More…]
In view of the many indicators of storms ahead for the Australian economy, such as the United Kingdom’s entry into the European Common Market, the wool industry crisis, both rural and general unemployment in the basic industries, the currency crisis and obvious speculation about a possible appreciation of Australian currency as indicated by the dramatic increase in Australia’s overseas reserves, which now stand at over $2,600m- [More…]
In view of what was stated a few moments ago by the honourable member for Chifley in a question about the general state of the economy and by the honourable member for Wentworth about the state of the motor car industry, and in view of the general uncertainty of investors throughout Australia about economic conditions, will the Prime Minister take into account each of these matters and undertake to make to the House without delay a statement on the attitude of the Government to the need of the economy for stimulation and to improve the position in certain sectors of the economy? [More…]
Shortly after I arrived back in Australia I had discussions with the Treasurer relating to the state of the economy. [More…]
Do these figures indicate that the economy is in a condition of no growth? [More…]
The figures certainly do not show that the economy is in a state of stagnation or no growth. [More…]
But when those current price figures are deflated from the point of view of price increases they still show that the state of the economy is one of improvement in the rate of growth and they do justify the statements which I have been making that there is strength and a resilience in the economy. [More…]
to avoid any serious disruption of the population and economy of the goldfields. [More…]
The economy might well be in cold storage but it will be a long, hot summer’s break for many of us who are concerned about the nation’s needs and our constituents’ needs. [More…]
If I might digress for a moment, I would like to support the views of the South Australian Premier who said that conditions in our States - indeed in all States - will decline very markedly unless the Commonwealth Government takes action to stimulate the economy. [More…]
We all know of the Long waiting time that people have to suffer because of the shortage of housing in the public sector of the economy. [More…]
When the economy is a bit slack finance is provided for additional housing, but never enough to meet the needs of the people. [More…]
When the economy has recovered and the need for housing is at its greatest the Government cuts back on housing finance. [More…]
The warning was issued by the president of the Australian Federation of Construction Contractors, Mr C. Sexton, who said the Government failed to understand the importance of the industry in the economy. [More…]
Mr Sexton criticised what he called ‘the longstanding and almost traditional habits of governments to use the industry as a whipping horse whenever the economy shows signs of overheating’. [More…]
Everyone who has a sane attitude in regard to the economy of this country realises that this is in the short term and we will be out of the woods and our economy will be as virile as it ever was in a very short space of time. [More…]
The housing industry has always been considered as the barometer of the economy. [More…]
We find a falling off in housing - not so much in the building trade generally - when the economy is tightened. [More…]
The honourable member for Wentworth in 1965 stated that to dampen down housing because of undue expansion in other sectors of the economy could distort our ultimate priorities for survival. [More…]
It is not good enough to create a situation where the interest rates are such that it is impossible for a family on a relatively good income to meet the repayments without serious difficulty or without having to depend on a 2-wage economy, and that is how most people are buying their homes al the moment. [More…]
In view of the expressed satisfaction of the Prime Minister with the outcome of his recent world tour, 1 ask him to make a statement in precise terms saying what action he intends to take to deal with the parlous condition of the rural economy, the depressed state of industry and the serious position in regard to the growth of unemployment. [More…]
Will the Prime Minister in such a statement deal more particularly with the economic problems of prices, the economic trends in our economy and the world situation rather than giving a travelogue of his recent tour abroad? [More…]
Our general attitude is that we want the capital inflow lo be put to the advantage of the Australian economy and also we want to preserve Australian equity participation in the development of Australia. [More…]
The task allotted to our force was nol an easy one but both the military and the civic action assignments were carried out efficiently and with the highest standards of professionalism that kept a determined enemy away from the centres of population and markedly assisted the people and the economy of Phuoc Tuy Province. [More…]
I have no reason to believe that the intermittent bombings which took place inflicted upon the economy or the people of North Vietnam the same damage, the same casualties and the same traumas as 6 or 7 years of continuous war in South Vietnam inflicted on the people of South Vietnam. [More…]
While there were aerial attacks on a tremendous scale, no reason exists to believe that this left the economy of North Vietnam - the basis of its war machine - fundamentally disturbed. [More…]
The Government has, however, made it clear that it places great importance oh the need for effective restrictive trade practices legislation to help bring about a more competitive atmosphere in the economy. [More…]
I remind honourable members that in January of this year the former Prime Minister expressed the view of the Government that increased internal competition would help the economy, In April the Government introduced legislation, to outlaw resale price maintenance. [More…]
Such is the state of the economy and the affluent nature of the Government’s finances, yet last year it obliged ex-servicemen to queue in order to borrow money at high rates of interest, lt kept them waiting for 6 months for war service loans. [More…]
So the scheme is certainly nol a profit-making activity in a fully employed economy. [More…]
This will not heat up the economy: It is no reason why any person should come out in a fever. [More…]
The Government took this as an anti-inflationary measure and now finds that it is producing a stagnation in the economy which it did not anticipate. [More…]
Move for the immediate initiation of a massive multi-national effort to underwrite the rehabilitation of the Bangla Desh people and their economy. [More…]
Time and again at question time when questions relating to the economy have been asked both of the Prime Minister (Mr McMahon) and of the Treasurer (Mr Snedden) we have been fobbed off with statements such as The Government has it in hand’ or ‘We are looking at it and we will act when we have to’. [More…]
I do not want in the course of this motion, which is merely one for the suspension of standing orders, to outline in broad detail the attack which the Opposition proposes to launch; but nobody can deny that, in an economy under a government that claims itself lo be a believer of full employment, the employment situation is deteriorating day by day. [More…]
In an economy in which employment is Calling and prices are rising and in which the majority of people who derive incomes do so by reason of employment or as recipients of pensions or fixed income pensions, how can people but be alarmed at the deterioration shown in those 2 indicators? [More…]
One could go into more depth in relation to the economy. [More…]
The Government is not the unanimous body that it claims to be and there are plenty of reasons in the economy at the moment why there should be dissent. [More…]
But there are limits to what a Budget can do and the Budget has to operate in the context of the whole economy. [More…]
In fact, it is a bit difficult sometimes to decide with all the theories and jargon that are paraded these days whether ultimately the Budget balances the economy or the economy balances the Budget. [More…]
A modern economy such as Australia’s is not only dependent on internal economic activity but also highly reliant on events outside and to suggest that we can run the economy any longer just on hunches rather than by some semblance of long term planning shows how deficient in economic thinking the Government really is. [More…]
I am also interested to find that sometimes the word ‘planning’ is no longer regarded as a dirty word so far as the total performance of an economy is concerned. [More…]
The reason why it should be accepted is that the examination bythis House of the state of the economy and the Government’s policy or lack of policy in relation to the economy is an urgent matter. [More…]
This is a buyer’s market and it seems to me that it suits the multi-national corporations that are responsible for this inflow of foreign money to have a buyer’s market so that they can get a firm grip on the crucial elements in the Australian economy that they do not own already. [More…]
It has been said often in the last few weeks that only the Government can begin a recovery; that only the Government can give the economy the stimulus that is needed to put it back at a firm rate of development. [More…]
So the economy as a whole is no better placed than is this House; it has no better idea where the Government stands; it has ho better idea whether the Government considers it faces inflation or unemployment. [More…]
The economy has no idea of whether the Government intends to follow out a restrictive policy or a stimulating policy. [More…]
Perhaps we will go into 1972 with a continuing downward trend in the economy. [More…]
Under the present depressed rural economy, it would enable many occupiers of these ‘Perpetual Lease’ farms to remain viable, if the Commonwealth Government could waive the payment of this rental. [More…]
In some of the small print in the documents which accompanied the Budget Speech the following statement appears: the likely economic effects of a budget can only be fully assessed in the context of the more important influences operating at lbc time in the economy as a whole. [More…]
1 wish firstly to outline briefly what might be described as national objectives as far as the economy is concerned and then to endeavour to look at some of the important influences and to suggest that, because of the way in which those influences are working, what is rather blandly described as the Budget strategy is no longer correct. [More…]
Time does not allow me to catalogue more in the price field but in an economy where the majority of people who derive incomes do so as wage earners, the awful combination of falling employment opportunities and rising prices deserves more attention than it has currently been receiving from the Government. [More…]
I turn now to the matters that are more fundamental to the structure of the economy and, of course, if the structure of the economy is not working satisfactorily, it is little wonder that some difficulty is encountered in regard to employment opportunities. [More…]
Of course, if one is talking sensibly about economic growth in an economy whose population is rising, whose work force is increasing or ought to be increasing because of the rising population, and where prices arc also increasing, it is a very shallow analysis to compare one period with another period without making some adjustment for prices. [More…]
An economy is a sensitive kind of instrument. [More…]
1 suppose the Treasurer was unfortunate in that the Budget was written just prior to measures announced by the President of the United States of America with regard to America’s own economy. [More…]
I submit that, on most of the evidence which is available from both government sources and elsewhere., there is no great indication that the economy is buoyant, lt is not fully stretched. [More…]
The other significant thing in an economy is that there should be efficient use of resources and that means not only natural resources, materials and so on; it also means manpower as well. [More…]
But on the external impact of the economy, and despite what the Government says about the greatest contributor to inflation being the ruthless pursuit of wage demands, there is not any doubt that one of the contributants to inflation in Australia is that now we import it via the monetary system [More…]
When, rather curiously, exports and imports are added together and expressed in terms of gross national product, we find that Australia is one of the biggest traders in terms of total economy than are most economies. [More…]
There has been some considerable misunderstanding of the Budget strategy which I expressed in my Budget speech to be ‘to combat the inflationary forces now running in the economy’ yet ‘not discourage the real growth of the economy’. [More…]
An economy is dynamic, flexible and continually moving. [More…]
A growing economy such as ours is going to show variation and change; thus it must be expected that policy will require adjustment from time to time. [More…]
Equally, we know that conditions in the wage-fixing sphere as they now exist mean that wage rises in one sector of the economy are quickly translated into other sectors and throughout the economy. [More…]
We intervened in the carpenters case in an effort to stem as far as possible the flow-on from the large metal trades award to other areas of the economy. [More…]
We have looked for ways of strengthening competitive forces from within and without the economy. [More…]
Three months after the Budget what do the figures show as being the health of the economy today? [More…]
Others will find them of great importance for they are the most comprehensive figures for the economy as a whole that we currently possess. [More…]
September to September, by 12 per cent in money terms, and an acceleration in the real growth of the economy. [More…]
It would be absurd to look at these figures and suggest the economy is in disarray. [More…]
I now deal with 2 factors of our economy which have been given opposite treatment by commentators. [More…]
The first factor is that our economy is growing and growing well. [More…]
The United States economy grew hardly at all last year. [More…]
Even Japan, hailed as the miracle economy, is unlikely to achieve, some say, its revised growth target of about 5 per cent this year. [More…]
Too many large cost rises have to work their way through the economy yet. [More…]
We believe that our economic policies will not discourage the real growth of the economy. [More…]
The underlying strength of the Australian economy is real and I believe will be enduring. [More…]
As the Treasurer has just shown us, the Government is not here for the purpose of analysing the economy to arrive at a policy which will be in the best interests of the Australian nation; it is here to use the economy for political purposes. [More…]
It is not difficult to deal with an economy that is depressed and faces rising unemployment. [More…]
The Australian economy today is depressed and it does face rising unemployment, but it is not difficult to deal with those problems if there is in office a government that is willing and determined to do so. [More…]
It was not necessary except as a result of what has been happening in the economy. [More…]
It is ridiculous and unfair to talk about wage restraint and the contribution of wage earners to inflation when we realise that this has been going on in the economy. [More…]
It lacks substance because the Australian economy is strong, enduring and resilient and has a record of growth with high employment almost unequalled in the western world. [More…]
Finally, the motion is mischievous because consciously it is helping to undermine confidence, and thereby causing positive damage to the prosperity of our economy and to the people of Australia. [More…]
National production and employment statistics just released by the Commonwealth Statistician leave no doubt that the economy is firmly set on an expansionary path. [More…]
The economy will always be subject to some fluctuations and there is a need to keep a continuing close review of the situation. [More…]
If the Government took risks with demand and tolerated an economic environment favourable to cost-push inflation, the economy and the balance of payments could suffer serious damage. [More…]
It is interesting for a few moments to analyse the effects of the industrial relations policy put down by the Australian Labor Party federal conference in Launceston earlier this year, because ils implementation over a reasonably short time space would be disastrous for the Australian economy. [More…]
The whole emphasis of the proposals is on what can be taken from the economy rather than on how the economy can be further strengthened. [More…]
The much greater danger to the economy is from the wage induced inflation associated with industrial unrest. [More…]
Finally, an easing in wage push forces - indeed in all income demands - is essential to the long term health and stability of the economy. [More…]
This is being done in 4 ways: By preventing the emergence of over-exuberant demand conditions; by stimulating competitive forces within the economy; by Commonwealth interventions in all major wage cases before the Commission: and by making a comprehensive review of the Conciliation and Arbitration Act. [More…]
It has been said correctly that when the United States economy sneezes the rest of the world catches pneumonia. [More…]
The Broken Hill Pty Co. Ltd, whatever its faults in terms of employment may be, exercises an equal role in the Australian economy. [More…]
The Japanese miracle is crumbling and the Japanese economy is a brittle one. [More…]
The Government intends at all costs to ensure its own electoral survival, but in the process of so doing it will wreak irrevocable and irreparable harm to the Australian economy. [More…]
One of these is of the utmost importance with regard to the general state of the Australian economy. [More…]
Despite that, overseas investors have a leverage on our economy and control 40 per cent of it. [More…]
Today, 30 years later, we come to another moment of truth, and it is that we will need to think very clearly for ourselves in respect of our trade, our economy and our development as a nation. [More…]
lt is most significant to note that there was no reference in that campaign to the management of the national economy. [More…]
The Opposition has charged the Government with the mismanagement of the economy. [More…]
We are not talking about an economy that is in bad shape. [More…]
We are not talking about an economy in which there is little growth. [More…]
We are not talking about an economy in which unemployment is rife. [More…]
Wc are not talking about an economy marked by balance of payments problems. [More…]
We are talking about an economy which is, and which is recognised around the world as being, of great strength. [More…]
But I do not believe that anyone will deny that the Australian economy is basically a sound one - one of the soundest in the world. [More…]
I come back again to the inescapable and undeniable fact that the economy is basically sound. [More…]
There is an extremely high rate of capital inflow which, although it is attacked by the Opposition as something it would stop completely, is an indication of confidence and faith in the economy by those who look at it from outside. [More…]
Nothing I have said, however, evades the fact that there are areas of the domestic economy at which we must look very carefully to determine whether existing policies are adequate. [More…]
1 believe we need to look carefully and continuously at the high rate of capital inflow and its effect on the economy. [More…]
lt is very easy to create an atmosphere of emotion about the economy, particularly when people are prepared to inject a feeling of panic into the employment situation. [More…]
But, although a government must be concerned about the feelings and positions of people as individuals, it must be also very concerned about the overall management of the national economy. [More…]
It must do everything in its power to maintain the very fine balance I spoke about earlier, lt must not be panicked by a highly charged emotional debate into measures which could jeopardise the economy’s fundamental strength. [More…]
But it will avoid action which would produce violent swings in the economy. [More…]
In fact, precipitate action could create even bigger problems for exporters, lt is important that ail sectors of the Australian community recognise the need for restraint and cooperation if the existing basic soundness of the economy is not to be undermined. [More…]
In any consideration of the difficulties of the rural sector of the economy, we should not let the wool situation blind us to the strength of other commodities. [More…]
Mr Deputy Speaker, it is completely wrong to suggest that the Australian economy is not sound and strong. [More…]
No one denies that there are limited areas in which the high gloss on our economy may need a little polishing to restore the sheen we are used to seeing. [More…]
It has acted and will act as necessary to keep the economy at the pitch that has been maintained for so many years under this Government - one of the strongest and soundest economies in the whole world. [More…]
Will honourable members opposite deny that there is a lack of confidence throughout the Australian economy? [More…]
A lack of confidence in this Government’s policies is sweeping the Australian economy. [More…]
The burning question is the state of the economy and the widespread lack of confidence in the Australian economy by the Australian people. [More…]
The people’s confidence in the economy must be stimulated. [More…]
The Treasurer referred to a growth of income and he used this growth of income or the growth rate to justify the state of the economy. [More…]
This again indicates a lack of confidence in the economy, because the rate of spending has decreased. [More…]
Surely, all these indicators show a significant lack of confidence in the economy. [More…]
There are other indicators in the economy. [More…]
Motor vehicle production is down; agricultural machinery production particularly is well down; cement production is down; Broken Hill Proprietary Co. Ltd steel production is down; the production of chemicals is going down and the production of fertilisers is going down, yet this is the economy which the Government maintains is on an even keel, is right and is viable. [More…]
The Australian public is fed up with this Government’s lack of action on the economy and its refusal to lay down positive guidelines for foreign investment. [More…]
Consequently we found that we had inbuilt into our economy an increase in costs of the order of 10 per cent or 11 per cent which could only be offset if profits fell - and fortunately they did last year - or if we found some other circumstances which would delay the costs being written into prices and consequently into the cost of living. [More…]
The latest figures of growth as they have emerged show that there has been an increase in production in over 23 different sectors of the economy and a fall in about nine. [More…]
Does this indicate stagflation or stagnation in the growth of the economy? [More…]
We have in the economy, growth of a healthy kind, growth of a kind which people would not have believed to be practicable and a growth which has been achieved despite all the problems we have faced in the rural industries, particularly the problems associated with wool. [More…]
The other point I want to mention here is the problem of industrial disputes and what it has done to our economy. [More…]
I want to indicate to the House what we are doing to keep the economy developing at the pace we are developing it and to try to ensure that our goals of development and full employment are attained. [More…]
There has been talk about the Budget strategy and a suggestion that the Budget strategy was wrong and that perhaps the alleged problems in Australia’s economy today stem from that last Budget. [More…]
We had that flowing into the economy. [More…]
existed, if it had not taken some action and that great surge of demand inflation had come swelling into our economy? [More…]
Nobody who has listened to what the Treasurer (Mr Snedden) said today, and to the facts and figures which , have been put before us’ by the Prime Minister (Mr McMahon) and the Deputy Prime Minister (Mr Anthony), could fail to believe that overall - I emphasise that - the Australian economy is as sound and as good as any economy in the world. [More…]
Nobody listening to those figures could, I think, have any impression but that the future of Australia and Australia’s economy - again overall - is bright and that there are immense opportunities before us. [More…]
There can be little pleasure in realising how strong and sound Australia’s economy is. [More…]
and in realising the great opportunities which lie before us, if we still have inside our country, as we have, pensioners, those on superannuation, those on fixed incomes of all kinds, lower paid members of the community, those struggling in rural areas against higher costs and lower returns, those seeking to develop export markets in manufactured goods - all those people feeling and knowing only too well that however strong our economy may be and however bright our future prospects are. [More…]
The other sections of the economy can do what they like but we will not press for that.’ [More…]
Yet these are all economic measures which have been taken by the Government and all of them have had a salutary and good effect on the economy, though they have no overcome the problems of those individuals to whom I have referred. [More…]
What we come up against the power of corporate activity in the modern economy. [More…]
Some of them, in relation to the total economy, are quite gigantic in their operations and, unfortunately, many of them are now inter-meshed with other corporations which have their headquarters outside of Australia. [More…]
One of the circumstances bedevilling Australia at the moment -I think that to some degree, this was touched on during the debate on the economy this afternoon - is that more and more we see in Australia that the biggest operators in the corporate field are companies whose shares are owned entirely overseas or companies which are dominated considerably by either direct or indirect control of their operations. [More…]
1 hope that when the Government is contemplating its substantial amendments they will be the kinds of things it wilt look aL ] hope that it will look at the role of corporate power which, if wc are not careful, can be one of the forces which overwhelms the reality of democracy in a modern economy. [More…]
Our economy is dominated by about 200 companies, of which 40 are titans in the business world. [More…]
The Australian economy will still be controlled, thanks to this new measure, by every restrictive device known to the ingenuity of man. [More…]
of course, on other sections of the economy. [More…]
As I have already said this would have been disastrous for the wool industry and it would have been a retrograde step in the Australian economy because although the wool growers are protected by the Wool (Deficiency Payments) Act the failure of the Commission to buy wool would have cost the taxpayers of Australia a lot more than the proposed $30m loan.It is quite certain that if the Commission had stopped buying the fall in the price of wool would have been significantly greater than $30m in total value. [More…]
a trustee company or somebody else was putting pressure on and demanding its pound of flesh immediately because such action could cause a race throughout the economy or a panic in selling properties. [More…]
That sale by objective measurement and sample combined with maximum transport, handling and marketing economy facilitated by such selling method be phased in from the opening of the 1972-73 wool selling season and that the various bodies working on transport., handling and marketing on the basis of objective measurement immediately be brought together to co-ordinate lnc logistics of the operation. [More…]
I am pleased to see that there is a recognition that this industry is vitally important to the economy of this country. [More…]
There is the economy; the rural industries are in ruin, thanks mainly to the Australian CountryParty; inflation has run riot and industrial unrest is rampant. [More…]
But it is a national disgrace that we permit people to come here to live as they are forced to live for the first few months here, with the danger, in a failing economy and an unfavourable employment situation, that their position of poverty will be perpetuated. [More…]
These 3 Bills in the aggregate cover such a wide field that they really impinge on the whole economy. [More…]
The primary cause of our economic troubles at present is the excessive rise in wages and salaries and hence of costs, which has taken place throughout the economy except in the depressed rural sector. [More…]
There is a strict limit to the extent the economy can absorb this process without considerable disturbance. [More…]
The distortions produced in the economy become more and more unmanageable. [More…]
It is quite impossible over a period of time to consume more than we produce, but the attempt to do so is dislocating a growing proportion of our economy. [More…]
Moreover, it could scarcely be said that Government financial operations have been responsible for the slowing down of the economy. [More…]
Our economy has continued to grow and the overseas estimates of our resources and prospects have kept growing investment resources flowing towards us. [More…]
Financial and economic management has seemed to be very successful in restraining excess and keeping the economy on an even keel, but perhaps public opinion has been induced to take too shallow and naive a view of its efficacy and to forget all about underlying cyclical factors. [More…]
The idea has become established that the Commonwealth Government is responsible for almost every economic event and that it has only to go around with an economic oil can squirting oil here and there to keep the whole machinery of the economy working smoothly. [More…]
Part of the reason for these fluctuations in growth is the susceptibility of the Tasmanian economy to natural disasters such as flood and fire. [More…]
This machinery brings short term benefits to Tasmania in effective accounting and scrutiny of the day to day operations of the economy. [More…]
This was an inevitable result of policies aimed to suppress demand across the board rather than concentrating correc tive action on the sectors of the economy where powerful inflationary forces existed. [More…]
It should be regarded not as an overall stimulus to the economy but as a relief measure linked to the reconstruction of rural industries which is ostensibly part of Government policy. [More…]
The effect of such emergency grants on aggregate demand and the restoration of the national economy will be relatively unimportant. [More…]
But as a selective measure aimed at reviving economic activity in depressed sectors of the economy, this proposal has merits. [More…]
Reverting to the broader picture of the Tasmanian economy, it is obvious that Tasmania”* economic growth depends on the maintenance of comparative advantage of its industries in the internal Australian market and in the export trade. [More…]
there is an absence on either side of the sort of dynamism needed to find the investment funds to lift Tasmania’s ailing economy. [More…]
But above all the Commonwealth still has a responsibility to recognise that a Slate has a disadvantage in relation to New South Wales and Victoria in terms of transport, industrial development and all of those matters that help to develop he economy of the smaller States. [More…]
But I believe ‘hal if the problems of that State and the other smaller Stales are to be arrested the Commonwealth will have to acknowledge that it has a greater responsibility, which should not be left only to the Commonwealth Grants Commission, in relation to matters which are so important if the economy is to be satisfactorily adjusted. [More…]
In Queensland the failure to meet rising Aboriginal expectations must be seen against the depressed state of the rural economy and of the pastoral industry. [More…]
The economy of Papua New Guinea is not such as to produce very deep divisions between the people on that ground. [More…]
li we question the existence of an industry every time there is an international trade question mark we will have the most chaotic rural economy that could be conceived. [More…]
Will the Minister institute an inquiry into the operations of the subsidised airline operator Connair Pty Ltd of Alice Springs in order to ascertain by the thorough taking of evidence (a) what alternatives there are to the present Connair regular public transport standard operations in the Northern Territory and outback northern Australia (b) what is the requirement of these areas, in its fullest context, for the provision of adequate air services having regard to (i) economy (ii) safety and speed (iii) passenger comfort (iv) proper freight handling and (v) suitable aerodromes (c) what is the ability of existing or aspiring operators in these outback areas to give the standards of service, safety and maintenance to which travellers in the Northern Territory and outback Australia are entitled and (d) what is the feasibility and practicability of Connair’s F-27 aircraft proposals as a replacement for current similar operations by major airlines. [More…]
There are basic problems associated with the introduction of so-called economic rentals which have yet to be resolved, including a means of calculating equitable charges, the costs to the tenants* the extent to which the Administration should”’ subsidise the housing costs of officers and the effect of any such subsidies on the economy. [More…]
Mr Carroll: ‘He (Sir Richard) makes it clear he still opposes any Federal Government attempt to force the commission to take into account the state of the economy and productivity levels in wage decisions.’ [More…]
It is not often that I enter into debates of this nature because they normally concern honourable members who represent primary industry and the rural section of the economy. [More…]
The maintenance of full employment, however, brings with it the critical economic problems associated with a finely balanced economy. [More…]
Labour costs are a vital element in preserving the balance of our economy. [More…]
The problem of wages in a full employment economy is to ensure on the one hand that workers receive in the form of higher real wages a fair share of increases in productivity resulting from technical progress, and on the other hand that undue sectional pressure for wage increases does not lead merely to a rising spiral of wages and prices without any real benefit - and perhaps with disadvantages - to the workers themselves. [More…]
Then there is the danger to the economy from the wage-induced inflation associated with industrial unrest. [More…]
It was not until the Australian Council of Trade Unions succeeded in forcing Dunlop Australia Ltd to abolish resale price maintenance against Bourke’s store in Melbourne that the Prime Minister was forced, unwillingly, to act against its inflationary effect upon the economy. [More…]
No government can stand up to the less of employment which would follow from serious damage to such a big and important sector of the economy. [More…]
Factors and conditions other than efficiency and economy which .should be taken into account and the effect of them. [More…]
I understand it means merely measuring the economy. [More…]
Surely this is significant as far as the total economy is concerned. [More…]
We have got past the stage of being a peasant economy. [More…]
Our economy is dependent much more on the basic state of industry in the country as a whole. [More…]
What I think is wrong with the Government at the moment is that it has no sense as to the overall purpose of the economy. [More…]
ff there is one point at which one determines the purpose of the economy it is surely this question of the tariff. [More…]
ff I may simplify the definition, the tariff is a tax that one hopes one will not collect because the purpose of the tariff is to keep out of one’s internal economy goods that might otherwise come in without it. [More…]
Surely a significant matter in any economy is whether the tariff is operating in such a way that certain goods which could come in cannot come in - and it is silly not to let them in - or whether it is operating to protect what are sometimes described as infant industries’ in order to diversify the economy. [More…]
It enlarges by one person the number of people who can sit on the Tariff Board in total and it divides the activities of the Board, but it does not get down to determining in any way why we have a tariff at all and what is the significance of the tariff in the totality of our economy. [More…]
Whether we augment the numbers of the board by one member is the least significant part of the problem of how to evaluate the tariff in an economy such as Australia’s. [More…]
I hope that when we come back for the new session in February greater opportunity will be given to this House to debate the significance to the total Australian economy of the tariff. [More…]
Has the Treasurer’s attention been drawn to a recommendation by the Melbourne Chamber of Commerce that there should be a meeting of top businessmen and union leaders with the Government not only to study a prices-incomes policy but also to explore other alternatives to boost the economy? [More…]
The first, related to an income-prices policy; the second concerned providing a boost to the economy; and the third was directed to a suggested meeting between the Government, unions and industry. [More…]
A prices-income policy, of course, is not something that boosts an economy. [More…]
The second point was the question of providing a boost to the economy. [More…]
I do not favour a meeting because the Government has the responsibility for managing the economy and it cannot abrogate that responsibility to any other body. [More…]
If this is part of the Government’s economy drive, does the Minister recognise that car operation costs have increased during that period and have not reduced, and that the action taken is imposing hardship on incapacitated ex-servicemen who have already suffered for this country? [More…]
Has the economy been reached by cutting out the provision for registration, insurance and depreciation and confining it only to running costs? [More…]
I ask the Prime Minister: Has he yet considered the request of the State Premiers for a special Premiers Conference to discuss the depressed condition of the Australian economy and in particular the problems of unemployment, the rural crisis and the cost-price inflation? [More…]
The historical fact is that, as the economy of a country develops sophistication, a declining proportion of that country’s population will be engaged in rural industry. [More…]
It aims to take immediate action to help correct a problem that is not part of the overall economy of the nation. [More…]
It aims to fill a gap before such measures as rural reconstruction, rural retraining, marginal dairying measures and new wool policies emerge, and before any of these longer term and more fundamental schemes start to bite into the rural economy. [More…]
The Government aims to take specific action on a specific problem that applies intensely to specific areas of the economy. [More…]
But it would be foolish to argue from this that these pockets of rural unemployment do not feel the impact of general economic measures to dampen the economy and reduce demand. [More…]
All school leavers will be feeling the crunch of a tighter economy. [More…]
The Commonwealth Parliament has no business going into recess for2 months unless there is a definite assurance of action to stimulate the rural economy before Christmas. [More…]
Last week in this House the Prime Minister and his team debated a motion that was designed to deal with the economy. [More…]
We were assured for most of that day that there were no real problems with the economy; that there was nothing which was not being attended to or taken care of. [More…]
I would like to see a comprehensive programme extending over the whole economy because the problem in cities is a very great one, not just in terms of straight-out unemployment but in terms of under-employment. [More…]
This will be due to the stagnation in economy which is the result, of course, of the economic policies of this Government. [More…]
The Government has made a completely erroneous diagnosis of the causes of the present trouble with the economy. [More…]
As a result we have this stagnation in the economy. [More…]
I believe that the Government’s assessment of the economy was completely incorrect. [More…]
But at the same time I think we must remember that this does not necessarily mean that we are going to restore full confidence in the economy. [More…]
But my feeling is that this reduction in confidence and in consumer demand might continue even if the economy is given a stimulus by the Government. [More…]
We will not control the trouble with the economy, nor will we control unemployment until we get down and control prices because it is this inflationary psychology which is resulting not only in great inflation but also ultimately will increase unemployment. [More…]
I think that perhaps as an emergency measure we might have to do something to assist the intake of apprentices in the forthcoming year, because if the economy does improve for some reason in the near future we might find that apprentices will still not be taken in. [More…]
I think this is a very sad state of affairs, but it is a pretty accurate account of how people feel about the state of the economy. [More…]
Many of them are living below the poverty line at the moment and ifwe give them extra money it will not only help them but also will give a fillip to the economy. [More…]
The economy of this country is very sound, particularly when compared with that of overseas countries, lt is sound because we have overseas balances of S2,600m. [More…]
These figures indicate that despite problems that we have in this country our economy is sound. [More…]
Our economy is viable. [More…]
My guess is that the way the economy is going some time next year the Government will embrace the opportunity to expend the extra money to encourage or to prime the pump of the flagging economy. [More…]
They say that the worker on his $50 is disturbing the economy. [More…]
Mining in the area, with potential for greater Aboriginal participation, heralded a new economy. [More…]
If so, were these measures deferred because of the Government’s economy drive in February. [More…]
and (3) Economy measures have had a bearing on the deferment of proposals for further advertising of the Subsidised Health Benefits Plan in foreign languages. [More…]
It is of course important that the infra-structure of the financial system should not lag in adapting to growth and development throughout the economy generally. [More…]
I have said very frequently, and the Prime Minister has said, that we will keep the state of the economy under constant review and pursuant to that review we will take action as seems necessary. [More…]
How valid are these discussions on the economy when information on prices is denied to the partners in the Federation? [More…]
Imagine this Government talking about anything moral - to sharpen competitive pressures in our economy. [More…]
Here is their chance to insert controls on the economy in the directions which they desire; and regrettably there are prejudiced people in the community who think that this form of controlling inflation has appeal. [More…]
The Commonwealth Government portentously meets with the Premiers of all the States to announce to them steps it could and should have taken months before and to brag about sums of money of the magnitude of $50m to $100m being injected into the economy. [More…]
The next day, one gigantic firm announced a decision made behind closed doors which would take at least $30m out of the economy in the form of higher prices. [More…]
While that injustice continues, the tempo of the economy will decline - I want to explain that in a moment - and it will continue to do so until we do something along the lines that the Joint Committee on Constitutional Review, as far back as 1959, suggested was needed in Australia. [More…]
It is the rundown in the tempo of the economy. [More…]
Some people do not like that because it becomes too difficult to regulate the economy. [More…]
But it is time that some attention was paid to the economy as a whole and not just to bash unions because they seek wage increases. [More…]
Even allowing for structural changes in the economy affecting the farm sector, the figures I have just given honourable members leave no doubt that wages and salaries have been the mainspring of the recent acceleration in inflation. [More…]
Itself incapable of managing the economy of the country in such a way as to prevent inflation and to maintain the rate of economic expansion needed to absorb over 70,000 migrant workers, over 200,000 school leavers and thousands of married women between the ages of 35 and 44 who are desirous of entering the work force. [More…]
to sharpen competitive pressures in our economy. [More…]
The Minister for Social Services, so vehement at the Apia Club on the question of the economy, has once again been silenced by his master. [More…]
I think it is significant that the whole strategy of the Government’s economic policy was so disastrous and so obviously wrong to anyone with any fundamental economic expertise that the Reserve Bank of Australia and the Commonwealth Banking Corporation in their annual reports discreetly dissociated themselves from the proposed strategy, indicating that an attack on consumption was not the way to overcome the problems of the economy as they then stood. [More…]
Hard core and long standing unemployment has been gnawing away at and shattering the rural economy. [More…]
So one sees facing this country a serious, disguised unemployment problem which will suddenly burst into the economy and within society in the next couple of years, and there is no plan or programme to tackle it at all. [More…]
We must look at the total economy and see how each unit within the economy integrates and interacts as a total economic setting if we are going to appreciate fully the significance of these sorts of factors. [More…]
Here is the Government trying to stop the economy, trying to halt spending and trying to contract business activity and all of a sudden now with about 6 or 8 months to a Federal election it has to press the go’ burton. [More…]
It has its widespread dislocating effects on the economy at large. [More…]
So we have not only loss of individuals but also loss of the economy, which has all those needs that I described before to be satisfied. [More…]
He seemed to be completely oblivious to the fact that his Government has been party to a matter of great significance, the war in Vietnam, which had a very great impact not only on the economy of Australia but also on the economy of the United States of America. [More…]
The Minister for Social Services, like all the others, has been more interested in introducing an investment allowance of 20 per cent as a means of stimulating the economy. [More…]
The Minister advocates great hand-outs to big business as an alternative to stimulating the economy by giving deprived and underprivileged people a bit more purchasing power. [More…]
It means that when there is a necessity for an injection of money into the economy, it is given in the interests of the nation and in the interests of the people who need help at the time. [More…]
The aim of the Bill is to sustain in the best possible way in relation to the economy those people who face the tragedy of unemployment. [More…]
We would all like to see greater benefits given but one must take into consideration the whole economy. [More…]
So such wage rises do not benefit the working people, those on wages, and they certainly do not benefit the Australian economy upon which, in the final analysis, the welfare and prosperity of every Australian must depend. [More…]
I believe that provided common sense approaches are made in 2 major areas of our national economy - provided that wages are kept within the rate of increase in the gross national product, and provided that the profits of those people conducting businesses and manufacturing enterprises throughout Australia are kept within reasonable limits, and I do not mind saying that - we can keep unemployment down at least to a tolerable level, if there is such a thing, or to the level at which we have been able to hold it in Australia over many years. [More…]
If no cognisance is taken of the problems that are confronting this country, if the trade union movement is prepared to continue to demand wage rises which are beyond the increase in gross national production, if in support of those demands the trade union movement is prepared to continue to advocate and assist in conducting long strikes which affect the national economy, and if the people on the other side - and I want to balance this - are not prepared to keep their profits within reasonable limits and pass benefits on to the consumers thereby keeping the prices of goods at a level which allows for a reasonable margin of profit, we will not be able to overcome the problems which unemployment and inflation create. [More…]
I only hope that this responsibility will remain with this Government and that the control of this country will not pass to the Opposition which appears to take no notice of the conditions which are existing, which has a horror of profits, and whose idea of trying to stabilise the economy is to introduce a 35-hour working week. [More…]
The greater savings will mean that money is taken out of the economy and it will mean that the economy slows down. [More…]
A substantial increase in unemployment benefits would be an insurance against a slowing down of the economy as people are frightened to spend their money because of the ramifications of possible unemployment. [More…]
Finally, I want to say that there are far more serious and deep-seated problems in the economy than the Government seems to think. [More…]
1 further added that although these effects are complex and cannot be calculated precisely they are of considerable net long-term benefit to the balance of payments, and to the Australian economy as a whole. [More…]
The interstate travelling allowance of a student concession economy class fare is provided on the evidence that boarding accommodation was not available within the Northern Territory at the time of enrolment. [More…]
I said during the Budget debate that we would keep the economy under review and would respond as was appropriate to the state of the economy. [More…]
The decisions which the Government took were correct and were totally consistent with its budgetary aims, which were the 2 elements of policy and were totally consistent with the statement I made at that time that we would keep the economy under review and respond appropriately. [More…]
What I said in my Budget Speech was that there were some areas in the economy where there was excess demand. [More…]
It was in relation to those areas in the economy where there was excess demand that, as a consequence of the excess demand, certain activities were occurring that were then spreading throughout the economy as a whole and that, insofar as there was excess demand, it related to specific areas. [More…]
We said at that time that we would keep the economy under observation and that we would respond accordingly. [More…]
Paragraphs 1 and 2 deal exclusively with demand problems in the economy, the Government’s concern about them and the need to bring in some sort of controls. [More…]
No doubt the determining factor which forced India’s hand was the refugee problem as she could not alone cope with the intolerable position where she had to provide for some 10 million refugees, as it was affecting India’s economy, and this was preventing her from tackling her own enormous problems of poverty, illiteracy, over-population, etc. [More…]
Twelve months ago many of those who are now demanding major ‘stimulation’ of the economy were equally strongly demanding vigorous action by the Government to deal with the inflationary situation. [More…]
For the first time for some years, labour turnover is falling off in many areas; absenteeism and the rapid changing of jobs, with all the waste and costs to the economy they involve, are declining. [More…]
That number was also severely cut back in the earlier economy campaign. [More…]
It has increased in the building industry, which is always a good barometer of the state of the economy. [More…]
The building industry is always a good barometer of the state of the economy. [More…]
It has burst its banks and will upset our entire economy unless urgent action is taken. [More…]
The economic indicators show that the recent Budget tipped the economy into recession. [More…]
It still clings blindly to the prejudice that all that is wrong with the economy are the wage claims of the workers. [More…]
The Premier of South Australia put forward a programme involving a number of points that would help the economy of that State because South Australia is in a vulnerable position. [More…]
The Government should have a plan for a revival of the economy in the interests of the people in this country. [More…]
This cost the Australian economy a considerable amount of money. [More…]
Does the Australian Labor Party think this has no effect on the prosperity and economy of this country? [More…]
How can anyone argue that strikes do not mean loss to the economy or cause those who may wish to start a business to lose confidence? [More…]
But it will not be able to do so while those on the other side of the House, in conjunction with others, are making political capital and encouraging political strikes which can only bring hardship to innocent people and the economy to ruin and chaos. [More…]
The Premier of South Australia is to be commended on his action to try to broaden this base so that South Australian industry is not completely tied to these consumer durable industries and is better able to absorb any effects of a tightening of the economy. [More…]
On Tuesday the Minister for Social Services (Mr Wentworth) got up in this chamber and in a rambling, rabble rousing speech told us about communism and other matters without getting down to the fact that this Government has neglected the economy, it has failed to provide employment and now reduces people to the position where they have to live on unemployment benefits which are 30 per cent below the poverty level. [More…]
by leave - I take this opportunity, following the resumption of the Parliament, to inform honourable members at first hand about the current and prospective state of the economy, and about the policy actions taken by the Government since we last met here in December. [More…]
In doing so 1 hope to provide, in particular, evidence of the strength of the economy and its potential for continued growth. [More…]
By way of introduction to these themes, it may however be useful if I first say something about the present position and prospects of the economy as we see them. [More…]
This assessment was the result of a very detailed and thorough examination of the economy which we had been under- - taking since about mid- January. [More…]
On the contrary, as at the time of the Budget we undertook to do, we have maintained a virtually continuing review of the economy in recent months. [More…]
There is no doubt that the strains which were affecting the economy a year or so ago have been dispelled. [More…]
Their removal does not mean, however, that the underlying strength or growth potential of the economy has been impaired. [More…]
lt is important to be clear, therefore, that our review showed that the economy is far from being in a ‘recessionary’ state. [More…]
the economy, of which the most notable and important is. [More…]
The external sector of the economy remains very strong. [More…]
There should be a substantial increase in the net addition to overall demand in the economy during 1971-72 from the excess of exports over imports. [More…]
The costs of finance have also been reduced in the economy. [More…]
firmly intends that financial conditions will not be a restraining influence on the economy over coming months. [More…]
I must however emphasise that we remain as determined as ever to meet the underlying long-term needs for structural change in this sector of the economy. [More…]
Our recent review of the economy, of course, included a review ot the situation in the labour market and put clearly i:i perspective the situation in the labour market about which so much has been said recently. [More…]
This is undoubtedly the most difficult problem currently facing the Australian economy. [More…]
From what I have said, it will be apparent that the detailed review of the economy indicated that the economy was likely to continue growing steadily in the months ahead. [More…]
In taking them we have provided a measured response to changing- circumstances in what a dynamic, flexible, continually moving economy and one which, during the period in question, has been more- than usually subject to uncertainty. [More…]
They will, we are convinced, guard against any possibility that growth in the economy might slacken over the com: ing months, with consequent adverse effects on the demand for labour. [More…]
But they are, at the same time, measures which will nol so propel the economy that we would jeopardise such hard-won success as. [More…]
They have been directed not only at the general objective of maintaining the momentum of growth but also at certain particular problems within the total framework of the economy. [More…]
Over and above that, also, we have had in mind the effects the bond yield reductions would have in ensuring that financial conditions were not a restraining factor on the economy in the later months of the financial year, the period when there is normally a seasonal contraction of liquidity. [More…]
In short, financial conditions are very conducive to increased activity in the economy, both on the consumer side and the investment side. [More…]
The monetary policy measures which have been taken over recent months add up in themselves to a significant package which is having, and will continue to have, important direct and indirect effects on the economy. [More…]
I referred earlier to the steps which were aimed al rectifying the strained conditions of the economy of 12 and 18 months ago. [More…]
This has, as one of its aims, a more efficient and relevant system of wage determination in the context of the modern, developed, strong Australian economy. [More…]
We have also been seeking, as a matter of some urgency, to find ways of strengthening competition within the economy, to ensure that pricing decisions are made in a more competitive atmosphere. [More…]
These, and other measures such as those directed at increasing productivity in the economy, are longer term in character. [More…]
Against that background, the Commonwealth believes that, in present circumstances, it has a particular obligation to ensure that wage and salary increases within the area of its own direct responsibility do not lead the way or contribute to the spreading of any ‘new round’ of increases within the economy. [More…]
What it does do - and it has not only a right but also, in the public interest, a duty in this connection - is to point out to the arbitral authorities the facts of the economic situation, and the consequences of their decisions for the economy and the community. [More…]
I have outlined in this statement the essential results of a recent detailed assessment of the economy and its prospects. [More…]
That assessment has provided evidence of the current underlying strength of the economy and its potential for growth. [More…]
Firstly, there is no reason for a lack of confidence in the economy. [More…]
This, I think, is now being recognised, and it means among other things that members of the business community can make their decisions with full ‘confidence in the continued steady growth of the economy. [More…]
Earlier he observed that he believed that the Australian economy was dynamic, flexible and continually moving. [More…]
If these seasonal figures are noted it will be seen that there is scarcely any growth whatever in the Australian economy. [More…]
After all, what is the perspective of the injection pf $122m into the economy? [More…]
We have also been seeking, as a matter of some urgency, to find ways of strengthening, competition within the economy, to .ensure, that pricing decisions are made in a more competitive atmosphere. [More…]
Approximately $30m is being taken out of the economy by a decision made by only one firm. [More…]
What does not seem to be realised about the Australian economy is that it has been declining not only during the last 6 months but also since the time of 2 Budgets ago. [More…]
If this economy of ours, to use the words of the Treasurer, is dynamic, flexible and continually moving, this has to be demonstrated in terms of the context of the realities in Australia. [More…]
Yet we are told that the Government has now made a review of this dynamic, flexible and continually moving economy. [More…]
I ask honourable members to look at the figures for what should be the principal generator in what is still described as a private enterprise economy. [More…]
Now we are told that the economy will be lifted by the restoration of the investment allowance. [More…]
That is why my colleague, the Leader of the Opposition (Mr Whitlam), suggested the other day that the economy can be stimulated quickest by putting purchasing power into the hands of the people who can spend the money. [More…]
The other kind of indicator as to how the economy is running down is the figures, not for unemployment but for total employment in Australia. [More…]
That had been the record of the Australian economy 2 years ago and up until last year. [More…]
Maybe those are the short term difficulties but the long term problems of this economy are serious and they are not being looked at by this Government. [More…]
Then can be say that he believes we have a dynamic, flexible, continually moving economy? [More…]
If we do not have that it is because we are not properly managing the economy. [More…]
I shall conclude on this note because I think this is central to the theme that it is time the Government got off the stool that the only thing wrong with the economy is greedy wage earners seeking higher wages. [More…]
The very fact that the Government goes into the Conciliation and Arbitration Commission to resist wage increases is not much of an indication of a bona fide desire to develop trust or co-operation between the productive elements in the economy, lt is about time there was a more civilised attitude to this problem. [More…]
There is no change in the attitude of the Government which still thinks that the problems of the economy will solve themselves. [More…]
But these companies make a bad situation worse by simply saying that because no cars are being made this week or next week as a result of a temporary slump in the economy, the services of its employees will be dispensed with without waiting until the slump eases. [More…]
Our aim is to help Bangla Desh to take her place as a stable and developing economy which will make a constructive contribution to the South Asian region. [More…]
A debate on the Australian economy in the national Parliament ought always to be treated with seriousness because of the influence of economic factors on the life of each of our citizens. [More…]
The national economy is an aggregate of all the economic influences of each citizen and is thus complex, pulsating and at times turbulent. [More…]
Psychological factors as well as world conditions play on our economy an important part. [More…]
In a consideration of the economic aspects of inflation, employment and economic growth, there is one clear fact which is that only by an increase in productivity can the national economy increase and only by increasing the size of the national cake will there be more to cut up. [More…]
We must be careful to realise what this term means to a Socialist - nationalising industries right through the economy would be only the start. [More…]
That the following words be added to the motion’That the House take note of the paper’: and that a select committee be established to inquire into the determination of prices which affect the structure of costs and prices in the Australian economy and, in particular, of prices which are determined by foreign corporations or trading or financial corporations formed within the limits of the Commonwealth, or by corporations which enjoy advantages under Commonwealth tariff, revenue, subsidy or other laws, or by corporations which have contracts with the Commonwealth, and to report upon any legislative or administrative measures which should be taken by the Commonwealth to prevent unjustifiable price increases and to protect Australia from excessive inflation. [More…]
I do not go into other features of the statement of the Treasurer (Mr Snedden) on the economy. [More…]
It is incredible that a fortnight ago the Treasurer and the Prime Minister could review the economy for the State Premiers and Treasurers and not refer to prices. [More…]
On 8th October 1970 in an address to the Committee for the Economic Development of Australia he spoke in suppport of more competitiveness in the Australian economy: 1 have also argued that there are means available (the Trade Practices Act, the Tariff Board, moral suasions etc.) [More…]
to sharpen competitive pressures in our economy. [More…]
A short while ago the Treasurer (Mr Snedden) in a major speech gave a masterly description of the Australian economy and the measures that the Government has undertaken in recent times to pursue balanced growth and development within the economy. [More…]
This is one of the results of an underlying and basic strength in the Australian economy. [More…]
Had this sort of crisis happened in the Australian economy 15 or 20 years ago the* impact on Australia would have been very much greater. [More…]
I suggest that no economy could be operated on that basis. [More…]
The other evening the Treasurer (Mr Snedden) made a statement on the state of the economy. [More…]
The amendment states that a select committee should be established to inquire into the determination of prices which affect the structure of costs in the Australian economy. [More…]
He gave us a diagnosis of the economy at that time which was an exceedingly complex diagnosis. [More…]
The policy is, approximately 12 months before the election, to impose credit restrictions and to restrict expenditure as far as possible so that what the Government identifies as inflationary factors will be deleted from the economy. [More…]
This has affected the economy as a whole and unemployment has practically doubled as a result of this. [More…]
Those are the consequences of what it has done in order to bring about stability in the economy and to give itself a better prospect of winning the next election. [More…]
Unless we do more than simply cause these fluctuations in the economy and follow a policy of stop and go, we cannot ever come to the causes of the situation about which the Government is really complaining. [More…]
Economy, efficiency and convenience for the public would result from decentralisation and would result in something different from these intense urban concentrations. [More…]
The market economy is not a process which arranges things perfectly according to efficiency. [More…]
I refer to our vast expansion in national resources and the development of these resources which has been remarkable and which could have happend only in a private enterprise economy. [More…]
This is possible only in a socialist economy. [More…]
He had to meet the threat of inflation, but pressure is now being brought to bear on him to relieve the situation and again to stimulate the economy, which I believe could be quite disastrous. [More…]
Mr Speaker, this is a debate about the economy. [More…]
But if one is to be objejctive one must realise that there are elements in the economy on what I choose to describe for present purposes as the other side of the industrial fence - that is the employers’ side - that tend in a very real degree towards the acceleration of this vicious evil, cost-push inflation. [More…]
Until we on both sides of politics can get out of this awful rut of standing in our ranks, sometimes* serried and sometimes solid, slanging each other and saying that one side or the other is entirely to blame, depending on the viewpoint, the way to solving the problems of this economy will be very long and rocky. [More…]
No action at all has been taken by any Federal government in the past 20 years to deal with this sector of the economy that has worsened year by year. [More…]
More and more the monopoly sector takes control of the economy. [More…]
I do not want to deal broadly with the economy. [More…]
There are indeed some flat spots in the economy, of which the most notable and important is in the area of consumer spending. [More…]
Consequently the insurance companies with their great reserve funds form a very wealthy sector in the economy, so much so that there is over-building in the central business districts of all our capital cities, forcing people to work in the cities. [More…]
We want to stimulate the building industry; we want to give a stimulus to the economy as a whole and make sure that all people can get a home. [More…]
This is an example of how bullheaded the Government has been in facing up to the problems that beset the economy. [More…]
I still make the statement that, if the economy of Australia were being properly managed, our problem would be a surplus of jobs in relation to the people available to fill them. [More…]
Is that an example of properly facing up to the problems in the Austraiian economy? [More…]
Does anybody believe, to use that phrase of the Treasurer, that we have a growing, dynamic and flexible economy at the moment? [More…]
If it thinks that all that matters is that everybody should be employed whether sweeping leaves or filling in potholes, rather than looking for quality as well as quantity, there is something radically wrong in the Australian economy today. [More…]
They are so big that they are able to distort the economy of any country of small or even medium economic size. [More…]
This allowance must not be turned on and off like a tap as a regulator of the economy, lt is most unsuitable for this purpose. [More…]
Earlier today we debated a motion that the House take note of a statement on the economy made by the Treasurer last Thursday. [More…]
The policy is one of direct intervention in the economy of this country. [More…]
Can it be seriously denied that a national planning ministry with a view of the overall economy and how its sectors could be dovetailed would not have eliminated the uncertainties and delays and the stop-go policy of which this Bill is only one part? [More…]
Last week in this House the Opposition indicated the sort of measures that it would like to see introduced for the control of the economy. [More…]
I believe it should stimulate the economy and contribute substantially to increased productivity. [More…]
Last week the Prime Minister gave the State Premiers a great sum of money - about $9lm - in an attempt to increase public spending and arouse some enthusiasm in the economy. [More…]
If not, has defence been relegated as an election issue by the deterioration in the economy and the decline in the Government’s electoral support? [More…]
Therefore they are of basic interest to not only the Australian economy but also the aircraft industry. [More…]
Turning to the second reading speech of the Postmaster-General (Sir Alan Hulme) I can see no good reason in the interests of better management, control and economy why, after the granting of the initial licence for a period of 5 years, the renewal of the licence should be restricted to one year. [More…]
Lately we have been talking about the economy, investment allowances and other kinds of things. [More…]
If we want a discussion on advertising and its effect on costs or its relationship to the economy generally, let us have a discussion on advertising. [More…]
Tariff protection changes significantly what free market forces would do and both widely and critically affect the whole economy of a country. [More…]
Tariffs do influence the economy so much that their operation actually determines the make-up - the composition - of the economy and of economic growth. [More…]
They determine the planning of the economy. [More…]
They have vitally affected the Australian economy in the allocation of resources and the distribution of income. [More…]
They have planned the economy more than any other factor. [More…]
Do not let us talk about an unplanned economy. [More…]
The evidence leads the Board to the conclusion that production of shirts is a high cost activity which results in relatively small net gains to (he economy. [More…]
It likes people to believe that it is not intervening in the economy. [More…]
But we have geared our economy internally to a certain level of motor car production. [More…]
We should not look too much at the economy in aggregate as, I submit, with all respect to my friend the honourable member for Wakefield, he is inclined to do at times without getting down to the pieces that go to make the aggregate. [More…]
As my friend the honourable member for Lalor pointed out, the glib suggestion that something like 10,000 people could be thrown out of employment in the textile industry if certain things happened and that that would somehow be a good shaking of the economy is a matter which would need to be investigated on its merits. [More…]
Australia has a diversified economy. [More…]
This diversified economy we have has been due to the way industry has been built up by this policy of protection. [More…]
So let us realise that Australia has a diversified economy and that it has become an important industrial nation because of the policy of protection of Australian industries followed by successive, Australian government, and let us not change that policy. [More…]
The sector of the economy which benefits most from tariff protection is undoubtedly manufacturing. [More…]
As the honourable member for Lalor mentioned earlier, it is basically a planning agency, an agency to assist in the planning of our economy. [More…]
Members have discussed various tariffs, the incidence of tariff and its effect on the economy. [More…]
We took a great interest in cherry processing and the Government changed its mind because we were able to follow the logical argument that if a particular type of cherry processing were stopped, it would have an effect on the employment, community and business leaders that would be felt right through the local economy. [More…]
Manufacturing industry has to put up with a certain amount of blackmail from unions; if they are to keep on progressing in business they have to accede to demands which are quite unreasonable but which are understandable in the overall picture of the Australian economy. [More…]
The good old days when you could protect an industry ito the limit and say “That gives protection’ without thinking to yourself that there might be some other industry into which these resources might move, requiring less protection and thus making the economy more efficient, are over, and we will have to turn over a new leaf if we are to survive - at least so it appears to me. [More…]
In recent years, since World War H. the economy has been so fully employed that the idea grew that there would be gross unemployment if protection was withdrawn from a particular industry. [More…]
I rather suspect that when we get the Organisation for European Co-operation and Development report on the Australian economy - perhaps early next year - we shall find that our productivity has been abysmally low by the standards of any industrial country in the world. [More…]
The fundamental purpose of the United States of America as the major world trading power and the largest economy was to ensure that it could create its trading balance. [More…]
China has a selfcontained subsistence economy. [More…]
I know perfectly well that the slightest adjustment’ - put that word in inverted commas and speak it softly - is going to cause grave hardship and that unless we accept the philosophy of a planned economy, which seemed to be the burden of the remarks of our colleague the honourable member for Bradfield (Mr Turner), we shall cause hardship without any particular profit. [More…]
There is the question of economy of scale and all the rest of it. [More…]
We will have a lovely cheap economy. [More…]
As far as 1 can see such an approach would be nonsense unless we are prepared to approach the total economy. [More…]
Therefore 1 believe that inside the Australian economy we probably have to make a continued series of adjustments to retain a state as close to a self-sufficiency as possible. [More…]
The Government cannot do anything to the tariff system without creating great hardship unless it approaches the total economy. [More…]
I am quite convinced that it is possible for small concerns to produce things efficiently and with sufficient economy to compete on the market. [More…]
Therefore, I consider that there will have to be a total approach to the Australian economy. [More…]
On the philosophy of the debate, I thoroughly agree with the honourable member for Lalor that there are very few matters that come into this House that are more important, in terms of the nation, the national economy, the fabric of our society and even down to the grassroots level of individual happiness and individual contentment, than a traiff debate. [More…]
Secondly, do not the figures suggest that substantial structural changes are taking place in the Australian economy which call for greater co-operation between employee and employer interests and the Government as to the future needs of industry, public and private, and that these changes have implications for education, particularly at higher levels and including training schemes? [More…]
If there is to be an effective recovery in the rural sector it is essential that nothing be done to undermine the confidence of those who are the traditional lenders; otherwise there will be little prospect of the rural sector returning to its past place in the whole Australian economy. [More…]
Those industries are essentia] because they provide employment and a more diversified economy in the regions concerned. [More…]
On some future occasion I must debate with him the information that I have about Sweden’s economy and our own as examples in this area. [More…]
It is essential in a multi-purpose arrangement that one look at the interdependency of commodities within the context of the economy itself. [More…]
I can only state also that we want to know these details of just what effects the decisions of major companies, and in many cases major monopolies, have on the economy of Australia as well as on the particular industry concerned. [More…]
The whole economy loses by those strikes. [More…]
I share his concern and I would dearly love to have those matters of some significance to the economy, such as the one he mentioned, brought to the Parliament for debate. [More…]
The only total failure involved here is in the honourable member’s inability to understand the scheme itself and, not surprisingly, to understand the broader context of the Australian economy and the part that retraining can play in it. [More…]
Persons declared redundant by company mergers, changes in market conditions, rationalisation, ‘and those retrenched from organisations because of the indirect effects of technological change elsewhere in the economy’ are by definition excluded from the scheme altogether. [More…]
One can kick an economy and a country down in relation to the stability of the government and the best interests of the people much quicker than one can build them up. [More…]
This has come at a time when finances are being tightened and economy measures are affecting nearly all government departments. [More…]
An aircraft is being offered to the public which has only snob value, for the operational costs are so high - in fact 3 times as high - that a $700 subsonic economy flight would cost about $2,200 for the same supersonic journey. [More…]
The Government’s policy of deliberately bottle-necking the flow of foreign capital into Australia has of course allowed the Government to argue that the economy is in a strong and stable position. [More…]
So clearly, unless one has details of the form of economy of a country, its level of development and its education system, comparison on this criterion can be virtually meaningless. [More…]
Estimates show that kangaroos alive in their natural habitat as tourist attractions are worth $8200m more to the Australian economy over a period of 9 years, than dead ones exported as pet food or toys over the same period. [More…]
Furthermore, in view of the state of the economy and public concern at the disarray and disunity in the Government ranks at State and Federal levels, will the Prime Minister in the national interest seek an immediate dissolution of the Parliament so that the people may replace the whole Ministry? [More…]
A little over a year ago it was thought that there were 3 areas of excess demand in the Australian economy and one of them was in the field of commercial and industrial building, particularly in the capital cities. [More…]
In other words, the best analysis one can get shows that there is not an excessive demand on resources and we would not like to take any action which would reduce in any way the increase in employment that we want to see occurring with the growth in the national economy. [More…]
I can, however, say that one of the aspects we will be looking at will be whether the very high level of capital inflow we have experienced over the past couple of years poses difficulties, for the domestic management of the economy and, if so, whether there is need for a change in policies to forestall any danger of that kind. [More…]
For instance, the further processing of raw materials - and with the power to block investment that does not make a net contribution to the Canadian economy or that does not accord with the objectives of the Government; [More…]
The broad structure of the Treasury paper will be measurement of overseas investment, the statistical information, overseas investment and the balance of payments, overseas investment and the economy, overseas ownership and control of Australian industry and resources, and overseas investment and domestic economic management. [More…]
The growth of foreign control of the Australian economy is rapid and disturbing. [More…]
The commanding heights of the Australian economy are already in foreign hands. [More…]
What the Opposition is attempting to do this afternoon is to pre-judge the situation and to undermine the confidence of the people of Australia in our economy. [More…]
It is vital that confidence be maintained in the Australian economy both internally and externally. [More…]
We want to see proposals put forward in this Parliament which will be effective in the national interest and not restrictive in terms of future prospects of maintaining our economy and ensuring that we are able to maintain the work force in full employment. [More…]
I believe that the Government should be commended for its management of the economy. [More…]
As for the Government’s capacity to handle the situation, let me remind it of the position of multi-national corporations and what they are doing to the economy not only of Australia but throughout the world in respect of the middle sized industrial nations. [More…]
He realises that if this Government wants to control the Australian economy it has to control this excessive inflow of borrowings from overseas. [More…]
It is in our interest in many cases to have overseas investment for development which would not otherwise take place or which would not otherwise take place for decades, lt is not in our interest to have money coming in for the taking over of development which has already occurred or if it comes in in such large proportions that the cost of servicing it is greater than the economy should bear. [More…]
This was done quite deliberately in the hope that the Government would finance the strike and make it possible for the strikers to continue, and to bring down the economy of Victoria, New South Wales or wherever it might be. [More…]
The United Kingdom Budget was designed to ‘reflate the economy’ and give it growth. [More…]
In other words, what we ought to do is to understand the truth and reality of the underlying strength of our economy and our capacity to convert that underlying strength into continued improved performance. [More…]
One of the consequences of the policies that have been pursued by those who sit on the other side of this House, by those who support generally an escalation of wage rates out of line with the ability of the community to pay, is that significant parts of our economy are priced out of economic operation. [More…]
I ask the Treasurer: Assuming that the Commonwealth Government through the Treasury is responsible for the economy, is the honourable gentleman aware that the total of local government loan indebtedness in Australia up to 1970 was $ 1,509m and on present indications might reach $2,000m - an amount which is probably larger than the indebtedness of the States which are now being subsidised by the Treasury, while the loan indebtedness of the Federal Treasury is reported to be nil - and that as a result of this - [More…]
The Minister has put increased security and an improved economy in strong terms and I accept these claims. [More…]
Considering the number of workers engaged in the Public Service area and the tremendous influence they exert on the economy and the community generally, this is a ridiculous situation. [More…]
We want to avoid the, problems that have arisen in Britain and the United States in recent times because of strikes which are very damaging not only to the general economy but also to every man, woman and child in the country. [More…]
We want growth, development and progress, with a balanced economy, in a diversified and industrialised society. [More…]
It is clear from what has happened that it is necessary to introduce measures to produce better, more efficient, more effective and less damaging results to the economy than are being achieved in present circumstances by an Act which essentially dates back some 50 years. [More…]
But the legislation shows, as I think the honourable member for Canning (Mr Hallett) said quite fully, a degree of responsibility and interest in the economy which I think falls short of any obvious intent to depress or repress the so-called working man. [More…]
I have a very congenial relationship with the honourable member for Corangamite but, with due respect to him, I do not think that he understands the changes that are taking place in the Australian economy. [More…]
It shows that instead of employment opportunities increasing in the last 12 months, they had fallen from 66,000 to 39,000, which simply shows the deterioration which has occurred in the absorptive capacity of the economy. [More…]
Where do people go if manufacturing declines in an economy? [More…]
whole economy is suffering in consequence. [More…]
There are 2 astonishing things in the economy. [More…]
It stated that reliance in public works as such was a disastrous way to balance the economy, and I believe that to be the case. [More…]
This has come at a time when finances are being tightened and economy measures are affecting nearly all government departments. [More…]
lt is interesting to know that the Leader of the Opposition apparently is not interested in this matter, which is of vital importance to a large number of people in New South Wales and of importance to our economy as a whole. [More…]
How much longer has the South Australian economy to suffer the additional burden of cost because of the lack of overseas air cargo services? [More…]
Mr Barton said: I was concerned about trends in the Australian economy last August when I was abroad- [More…]
The cost of keeping up the deterrent and general defence capacity borne by the American taxpayer and economy have been and are of prodigious size. [More…]
Perhaps one of the greatest things that has been achieved has been the extraordinary advancement made in the economy of South Vietnam since the days when the South Vietnamese were attacked by the aggressive forces from North Vietnam. [More…]
The South Vietnamese people went through terror at that time, but today they arc making great strides in their economy. [More…]
In view of the optimistic predictions made for the oil palm project at Cape Hoskins in West New Britain and its importance to the economy of Papua New Guinea, will the Minister inform the House whether the project is meeting these expectations? [More…]
But the national Government has a commitment to the economy at least to scrutinise transactions which could be to the detriment of a national industry. [More…]
For a country to remain strong it is necessary for governments to encourage the productive sector in the economy. [More…]
Surely in any capitalist economy where there are economic organisations with assets to the value of millions of dollars it should be acknowledged that no longer can the term ‘private enterprise’ be used in its ordinary sense. [More…]
Since those February decisions there have been further reviews of the economy carried out in the Treasury and the Reserve Bank. [More…]
I think it fair to say that the whole tenor of public sentiment about the economy has undergone a very marked improvement. [More…]
This change in mood is pleasing, confirming as it does the continuing soundness and strength of the economy. [More…]
Strengthening confidence reflects, among other things, the objective facts of our economy, which has grown strongly and with only occasional and moderate pauses for over 2 decades. [More…]
The measures I shall shortly propose aim at a moderate increase in demand which we now judge to be within the productive capacity of the economy. [More…]
When one looks at what the Treasurer describes as a sluggish economy and allowing for [More…]
The 2i per cent levy on income tax which is to be taken off as soon as the Government can introduce legislation will have the effect of injecting $12m into the economy between now and the end of June. [More…]
A billion dollars in the context of the British economy, sluggish as this one is, would be something like $2 50m in the context of the Australian economy. [More…]
The last Budget ought to remove any doubts that by saying certain things in the month of August one can finally change the complexion of the economy for 12 months. [More…]
This Government now seems to concede reluctantly that maybe wages are not the only element that is responsible for varying the trends in the economy. [More…]
The last one was as recent as 24th February, when he told us ponderously at about 6 o’clock that he wanted to make a statement about the economy. [More…]
I suppose that one can accept the crumbs that are given, but what has still not been grappled with in Australia are the underlying trends in the economy and the changes that are taking place, all the evidence of which exist but which the Government is doing nothing about. [More…]
It is no wonder that there is a decline in the totality of the economy or the absorptive capacity, if you like, which is reflected in these kinds of events and which this Government is now trying to remedy. [More…]
It ought to be said that the Australian economy, if there were no changes in prices - and unfortunately that will not be the position this year because there will be . [More…]
a change in the price level of something of the magnitude of 8 per cent - in order to absorb productive activity into the economy the Government would need to generate something like another 5 per cent of economic activity. [More…]
2 underground coal mines in New South Wales, which threatens retrenchment of hundreds of coal miners and serious damage to the economy of the region? [More…]
The figures quoted by the honourable gentleman are, as he quite properly says, staggering in their application both to the company concerned and to the economy as a whole. [More…]
What must be understood by the trade unions of this country is the effect which industrial unrest can have directly on the employment market, the profitability of companies and the economy as a whole. [More…]
The emergency assistance scheme was introduced as a short term measure to prevent a loss of confidence in the wool industry which would reflect throughout the whole rural economy. [More…]
Last night it came forward with a mini Budget because it said that it was necessary to stimulate the economy. [More…]
On the domestic side, the Tariff Board’s report will be valuable in enabling the Government to make an assessment of the scope for early action to achieve cost savings in the domestic economy without causing injury to Australian industry. [More…]
These measures arise primarily out of the meetings which were held between the Commonwealth and the States in February and form part of what the Treasurer (Mr Snedden) last night described as highlights in the Government’s facing up to the problems of the economy. [More…]
These, like most of the belated actions of the Government, were held by honourable members opposite to be fundamental to the recovery of the economy. [More…]
Even though we call ourselves States, in some respects we are a nation and a total economy. [More…]
I think that that point should be mentioned just in case by some small chance it gets on record somewhere because both the major political parties which are vying for office again on Saturday week or thereabouts should be in the position of having to face up to that situation, certainly as far as the southern people and the southern economy of Tasmania are concerned. [More…]
Dealing with the problems of Commonwealth and State financial relations as a whole and looking ahead we can see that the economy will need more public expenditure by the States if the problem of a rapidly growing population is to be met and if the development of our resources is ti be adequate and vigorous. [More…]
The 6 chapter headings are likely to be ‘Introduction’, ‘Statistical Information’, ‘Overseas Investment and the Economy’, ‘Overseas Ownership and Control of Australian Industries and Resources’, ‘Overseas Investment and Domestic Economic Management’ and Conclusion’. [More…]
I know that there are people outside this Parliament, and I am afraid inside it, who appear to be unable or at least reluctant to get a clear view of the problems of the rural economy and also of the export industries. [More…]
It would appear that if the Government intends to adjust tariffs as an antiinflationary measure in a manner which will force Australians out of work - and that must be the result of replacing existing manufactures with imported goods - it will be adding to the loss of production and reduced capacity of Australian industry and will add greatly to the already too low increase in job opportunities which exist in the Australian economy today. [More…]
Not only does inflation affect the economy as a whole and the exporters in particular, but also and even more importantly, as history, our own bitter experience and other people’s experience have taught us, inflation strikes at the very moral fibre of a country. [More…]
Traditionally different members on the Tariff Board have represented particular sectors of the economy, some representing commerce, some representing export industries and some representing manufacturers. [More…]
I hope that the Government in making the 2 proposed appointments and in making future appointments to the Board will discard the past practice of selecting people according to their background, according to what industry or sector of the economy they come from. [More…]
It is a dreadful admission by the Government that there are still in existence tariffs which were set originally in 1929, and that there are unused tariffs which are forcing up costs in the whole economy. [More…]
We have also levelled the criticism that the Tariff Board should be used as one of the main planning devices in the economy. [More…]
At that meeting we spent a full day looking at short term and long term proposals to help the economy of this country, which is obviously sliding into quite serious straits. [More…]
I believe that the public opinion polls, the unemployment which exists, the lack of confidence in the economy, the loss of earnings by the people- [More…]
States grants have a very big impact on the economy. [More…]
As mentioned by the honourable member for Angas, the grants we are debating now are being given because of what transpired at the Premiers Conference and because of the state of the economy at the time of the Premiers Conference. [More…]
But the Commonwealth Government, through the Commonwealth Treasury, has the responsibility for the whole economy and for safeguarding the public purse and expending the funds of the people in the best possible way among competing needs. [More…]
I could also get petitions signed regarding the economy that would not benefit the very people whom the people who signed them wanted to benefit. [More…]
Surely, however free this becomes, real politics are involved because when we are thinking about organised petitions as distinct from a petition from our next door neighbour, who suddenly has a worry about some particular aspect of the economy or that something else is not working, there is a great distinction to be made. [More…]
Did the white paper on the Australian economy 1970 stale that wage increases were a symptom rather than a cause of inflation. [More…]
The relevant part of the 1970 White Paper on the Australian Economy said on this point: [More…]
The Australian Economy 1970 contained the evidence to substantiate this view. [More…]
Australia’s economy in future will be open to the same international scrutiny as that of the other nation members? [More…]
Will the Prime Minister ensure the fullest co-operation with the OECD secretariat now and with the visiting team in September and will he further ensure that the results of this first open scrutiny of the Australian economy and development will not be held up by the Government until after the election and thus deny the opportunity to the Australian people to have access to an independent judgment of the Government’s economic performance? [More…]
In my view the people who should be proper judges of the state of the Australian economy are the Australians themselves and not the members of the Organisation for Economic Co-operation and Development. [More…]
They know what a healthy economy we have and we know that this economy is basically sound. [More…]
The significance of future oil imports to the Australian economy can be seen by the analysis of projected costs of all imports within the next 20 years. [More…]
Despite its undoubted economic importance to the Australian economy, oil exploration has become the Cinderella of Australian developmental industry. [More…]
Oil exploration subsidies should be looked upon as a national investment which is capable of yielding tremendous results and returns to the overall Australian economy. [More…]
In his speech on the economy on 11th April, the Treasurer (Mr Snedden) announced increases in age, invalid and widows’ pensions, long-term sickness benefits and sheltered employment allowances. [More…]
I am sure that all honourable members will welcome these further improvements in our social service assistance and, in recognising these proposals as benefiting not only the direct recipients, but also the economy of the nation as a whole, will grant the Bill a speedy passage. [More…]
So the 35c a week above the poverty level - the price of a pie and peas - for a married couple is the sort of stimulation that the Government wants to give to the economy. [More…]
So far as unemployment is concerned, the honourable gentleman ought to be well aware that that factor is very much concerned with the question of inflation and if inflation and the very severe pressures to which the economy has been subjected in recent months are not solved they will pose a lasting and far greater threat to employment. [More…]
In view of the tremendous cost of strikes to this country, will the Minister consider inviting Mr Meaney to Australia so that he can place his views before those responsible for the frequent disruption of our economy? [More…]
That, I believe, would be anathema to the workers concerned and to the trade union movement because of its impact upon the economy, as we have seen in a recently negotiated agreement on the waterfront. [More…]
We have said that action was taken at the time in order that there should not exist in this country such severe demand pressures and such severe pressures generally in the economy as to create here any long term and permanent situation of unemployment which would be anathema to all the honourable gentleman would wish to see achieved. [More…]
The economy must be affected to some extent, in the short run at least, and with it the livelihood of the people. [More…]
However, I would like to say one or two things about the potential for development and what appears to be the relatively slow rate of economic development in Papua New Guinea and the fact that to some extent the economy of Papua New Guinea seems to be becoming afflicted with some of the problems flowing from Australia. [More…]
Of course, inflation at that rate can have very serious implications for the development of that economy. [More…]
It is still an economy that is basically a subsistence economy although it runs the great danger of becoming what is sometimes described as a dual or triple economy, where there is a kind of European expatriate superstructure through which Papua New Guinea would tend to get somewhere in the middle a semi-industrial development. [More…]
However, basically the totality of the economy is still mainly of a subsistence nature. [More…]
The bulletin does contain estimates of the national income for the whole economy of Papua New Guinea and to some extent they typify what I have been trying to describe. [More…]
When one takes into account that this is the gross national product for a population of something like 3 million people it gives some indication of the relative or comparative poverty of this economy. [More…]
When it is broken down it appears that something like onethird of the gross national product comes from the single item ‘Wages, Salaries and Supplements’, which presumably includes the European as well as the insipient or developing industrial economy. [More…]
At least the problem in the future of raising the standards there will be concerned more with the development of the subsistence part than perhaps with the development of the industrial or other aspects of the economy. [More…]
What one finds disturbing in some of these figures is the slow rate at which growth is taking place in some aspects of the economy. [More…]
This indicates the slow rate of growth in the provision of infrastructure and other things so necessary for the development of that economy. [More…]
However, one should take into account the fact that a large part of that is going to the non-subsistence part of the economy and that it has been affected by inflation of something like 12 per cent while as in some other statistics, what appears to be growth in essence is not really growth at all. [More…]
Again the Reserve Bank statistics indicate some quite serious dislocations that have taken place in the Papua New Guinea economy by reason of the rather rapid acceleration of the Bougainville development and subsequently the rapid decline in that development. [More…]
When the decline in the rate of development came it dealt a rather serious backlash to the stability of the total economy. [More…]
The outcome of the election is of vital importance to the economy, since the confidence of both existing and potential businessmen is dependent upon it. [More…]
The capital-hungry economy can ill afford severe jolts to the confidence of any sources of capital in its present embryonic, yet highly expansionary, stage. [More…]
Nevertheless, this has some point when one considers the number of remarks that were made, I think properly, by the honourable member for Melbourne Ports in relation to where this money is going, and in particular as to the relative merits of rural, commercial or industrial sectors of the economy. [More…]
There can be further divisions in the various sectors of the economy, such as industrial, rural and commerc ial. [More…]
That problem relates to the most appropriate allocation of resources - whether they be loans, grants or anything else - between the various major sectors of the economy, such as mining, commerce, industry or the rural sector. [More…]
Here we have a fundamentally basic economy - with industry largely around the urban areas - which is largely dependent upon its rural production. [More…]
I want to say a few words in this debate about the economy of Papua New Guinea, particularly with respect to the rural sector. [More…]
As was pointed out by the honourable member for Melbourne Ports (Mr Crean), the nucleus of New Guinea’s economy is agriculture and its ability to import goods and services is, to some degree, dependent - upon its ability to export agricultural products. [More…]
Copra is an important item in the economy of Papua New Guinea, but there are growing problems in relation to the marketing of copra on world markets. [More…]
Overall the economy of New Guinea is in something like the same position in which Australia found itself many years ago - that is, its development depends on agriculture. [More…]
He commented at some length on the economy of New Guinea and the indicators as published. [More…]
The honourable member for Dawson (Dr Patterson), apart from raising one or two matters which I thought had a hint of party political purpose in them, was interested in discussing the New Guinea economy - and he certainly is qualified in this respect - with some objectivity. [More…]
The economy of New Guinea certainly, as the honourable member for Melbourne Ports mentioned, to a degree is tied up with the economy of Australia. [More…]
I suggest that the economy of New Guinea must feel the effects of the levels of activity - the highlights and the flat spots - in our economy. [More…]
But undoubtedly the contribution by Australia to the economy of Papua New Guinea has enabled that country to grow at a reasonable pace and far more quickly than would have been possible without the Australian contribution. [More…]
Those honourable members who have visited Papua New Guinea - and I know that most honourable members have done so and I also know that most honourable members take a close interest in it - will, I suggest, increasingly become aware not only of the problems of its economy as a whole but also of the individual and regional difficulties which have to- be met to the maximum of Australia’s ability. [More…]
It is well recognised throughout the developing nations that a fundamental objective of a viable economy in terms of agriculture should be an underwriting by a progressive reconstruction scheme or an adjustment scheme, as it is called in most countries. [More…]
The tackling of long term problems is very encouraging but in tackling them let us not forget the necessity to keep up the fight to restructure our rural industries and to make them viable and worth while in the context of an increasingly sophisticated economy such as Australia has. [More…]
We realise the contribution that primary producers have made to the Australian economy. [More…]
I want to dissociate myself immediately from the concept that one has to get big or get out, because different districts have different types of economy. [More…]
It is first necessary to build the whole economy to deal effectively with the problem of the cost price squeeze - not merely to have regard to the problem of increasing wages - and to take positive action to deal with all elements which find their way into the cost structure. [More…]
Therefore, if we do not stand for these principles I believe that in spite of anything we can do in the Parliament in relation to the economy, we are detracting from the greatness of this nation. [More…]
Recently in this House my colleague the Treasurer made a statement relating to the economy. [More…]
Does he believe that there is anything to indicate a lessening of the disposition of males and females to seek gainful and socially productive employment or has there been a lessening of the absorptive capacity of the economy for total employment? [More…]
Finally, if the latter is the case, why does he not persuade his colleagues the Prime Minister and the Treasurer to call a high level conference of representatives of labour and industry to discuss what appear to be significant structural problems in the economy? [More…]
But the Government does not believe that at the present time there is any deep structural problem in the economy. [More…]
For those industries to have their production or their distribution rate lowered would be disastrous to our work force, apart from the effect it would have on our national economy. [More…]
The Government then expected that this would enable gold mining activity in Kalgoorlie to continue to phase out gradually without serious disruption to the population and the economy of the area. [More…]
With its responsibility for the management of an increasingly sophisticated economy, the Government cannot leave entirely to the immediate parties to industrial relations the settlement of industrial disputes, even though its intervention may be seen on some occasions as unwelcome. [More…]
The Government, however, has a total responsibility for the economy of the country. [More…]
Then there is a danger to the economy from the wage-induced inflation associated with industrial unrest. [More…]
The Bill is an integral part of the steps this Government has taken and is continuing to take to ensure a sound and well balanced economy. [More…]
The amendments to the Act can be classified under 6 main headings: Firstly, the prevention and settlement of industrial disputes, including the structure of the Conciliation and Arbitration Commission, the separation of the conciliation and arbitration functions of the Commission, and appeals and references; secondly a strengthening of the sanctions provisions of the Act, including a review of all penalties provided by the Act; thirdly, the regulation of registered organisations established by the Act to ensure more effective democratic control of those organisations, including provisions as to secret ballots in relation to industrial bans and stoppages; fourthly the role of the Conciliation and Arbitration Commission in dealing with matters of particular significance to the economy of this country; fifthly, the amalgamation of organisations; and sixthly, a wide range of other provisions of the Act which are not without their own special importance to the operation of our system of conciliation and arbitration. [More…]
Moreover, I shall be referring later in this speech to the provision in the Bill which will require the Commission to pay regard to the state of the national economy. [More…]
1 have already emphasised the implications that decisions of the Commission can have for the national economy. [More…]
Therefore, the Bil] proposes an amendment of section 39 of the Act to ensure that, when the Commission is constituted to deal with appeals and references and with the reserved matters under the new section 31, it shall, in considering the public interest, have regard in particular to the state of the national economy and the likely effects on that economy of any award that it might make. [More…]
Consider what happened recently in Tasmania when the whole economy of that State was threatened by a foolish and irresponsible stewards strike. [More…]
It would be much more difficult for the union concerned to hold the Australian economy, and particularly the Tasmanian economy, to ransom. [More…]
I want to talk about the impending closure of underground coal mines in New South Wales and Queensland with the consequences of large scale unemployment and serious damage to the economy of mining communities together with irretrievable impairment of resources and capital development. [More…]
It is fully aware too of the great asset that Australia has and the vital importance of fuel, and the energy it produces, to the national economy. [More…]
Export income from rural industry still is a vital part of our national economy. [More…]
Because of the special circumstances which I have already mentioned, I believe that it is necessary to examine government charges in all sections of the rural economy, including those charges on residents in country towns, with the object of easing the burden on those people of rising costs, which in rural industry generally cannot be passed on in the way that they can be passed on in so many other industries. [More…]
The airlines have concluded that the larger Boeing 727 will best meet this need, because it offers good economy of operation, is compatible with the existing fleet units, and will enable them tocope with peak traffic demand. [More…]
I emphasise that Queensland’s approach to the Grants Commission was brought about by the financial circumstances in that State, Queensland’s economy has been very adversely affected by drought conditions and, even though it was justified in making this claim, it might not have made it if it had not been for those particular circumstances. [More…]
I agree with him that it is an extraordinary record, but hospitals do not make jobs or build an economy and that is what Queensland lacks. [More…]
Queensland was purely a rural State whose economy fluctuated with the seasons. [More…]
Its economy fluctuated as its main rural industries - sugar, beef and so on - fluctuated. [More…]
Although this has stabilised the economy, Queensland has a long way to go. [More…]
The drought produced the most drastic results in the economy. [More…]
So if it is more economic to shift the industry south, as all the figures and history tend to show, and if we prevent that happening, I repeat that there will be desperately serious effects for the economy as a whole. [More…]
However, this other point must be made that any official, whether he be political or whether he be a member of the Public Service, who discusses the matter of the exchange rate is likely to find that the mere discussion of it creates speculation which would be counter-productive to the country’s economy. [More…]
What have been the effects on the economy generally of the fact that the Reserve Bank sold government securities of the order of $500m in the 12 months period while the trading banks increased their holdings by $540m? [More…]
The Budget surplus virtually is the sum that the Government takes out of the economy as against what becomes available to it in other ways. [More…]
But it would not be a saving if due to a decline in the prosperity of the economy, not as many migrants arrived in Australia as the Government anticipates and therefore it would not have to spend so much on assisting those migrants. [More…]
It is a lower expenditure than was anticipated, but the lowering of expenditure is determined by the lower tempo of the economy. [More…]
I suppose that all these documents collectively indicate in some respect the drift that is now occurring in our economy. [More…]
I do not think that the Government has any sense of direction so far as the economy is concerned. [More…]
Then there was the deficiency payments scheme, which will go down in history as marking a turning point in the whole economy of the industry. [More…]
Taken individually, the things that I have mentioned in this Appropriation Bill are significant in a limited area of the rural economy, but taken together they provide a tremendous contribution to the recovery of the economy and the recovery of confidence which has taken place in the rural industries. [More…]
Over half of this comprised contributions to the Foreign Exchange Operations Fund (FEOF) which was established in 1964 as a measure to help stabilise the Laotian economy. [More…]
However the Government sees a need for continuing analysis of its present and future economic relations among Pacific nations and recently I announced that the Government would contribute towards the cost of a joint project by Australian and Japanese academic economists for co-ordinated research on the Western Pacific economy, including the potential for growth and trade in the Western Pacific region and on the role of the major Western Pacific countries in the international economy. [More…]
Poverty can be eliminated if we care to spend so much extra finance - not a great amount extra related to the total economy and capacity of the economy of Australia - if we are prepared to make that relatively minor sacrifice to overcome it. [More…]
There is still a basic equation in an economy and the basic equation is that there are no resources to redistribute if nothing is produced. [More…]
It is for this reason that companies will be required under the Act to give an undertaking that they will exploit their industrial research and development on normal commercial terms for the benefit of the Australian economy. [More…]
This is followed by the assertion that this abstract term, which according to my knowledge, has so far never really been defined by any court although an attempt was made to do so in the Restrictive Trade Practices Act - really means the national economy. [More…]
Before leaving that part of the Minister’s speech which dealt with the new and unenforceable requirement that decisions of the Commission shall have regard to the national economy, may I explain to the Minister - because it seems he does not understand - what it is that the Commission is required to do under the objects of the Act. [More…]
It is not required, and should not be expected, to govern the national economy. [More…]
Indeed, how can it control the national economy when its only power is to fix wages? [More…]
Even if one could justify government abdication from the functions it was elected to perform, is it fair to expect any body to regulate the national economy if that body is without power to control prices, profits, taxation, tariffs, interest charges, land prices and the many other weapons available to government in controlling inflation and unemployment. [More…]
That brings me to one of the worst features of the present national economy. [More…]
Instead of being able to find jobs for all migrants, school leavers and married women wishing to re-enter the workforce, our national economy is scarcely capable of maintaining employment for those already employed. [More…]
If the Government wanted to stimulate the national economy why did it not ask the Commission to grant a substantial wage increase to those who are now living at subsistence levels and who would have to spend every cent awarded to them. [More…]
There can be no place in our society for econometricians who theorise about the economy and who overlook human needs. [More…]
What indeed is the Minister’s concept of what he is pleased to describe as a ‘sound and well balanced economy’? [More…]
Does he mean an economy in which only 36 per cent of employees receive the average weekly earnings, and in which 4.5 million employees must be satisfied with about half the national cake while between them the other half million carve up the balance for themselves? [More…]
The Government has a significant role because it has a responsibility for the management of an increasingly sophisticated economy. [More…]
Firstly, we have recognised the importance of greater competition in the economy. [More…]
However, further reflection will make it clear that it involves both the structure and management of the economy. [More…]
No wonder there has been some slow-down in business activity, even in this country with a sound economy and with perhaps more natural advantages than any other. [More…]
the Commission shall, in considering the public interest, have regard, in particular, to the state of the national economy and the likely effects on that economy of any award that might be made in the proceedings. [More…]
It places the Commission in the invidious position of having to assess the future of the economy. [More…]
This Government is seeking to make the Commission assume responsibility for the overall economy, a responsibility that obviously can be only properly exercised at Government level, a responsibility that should be exercised at Government level and not by some other body. [More…]
The function of controlling the economy is surely the duty of the Government, not the Conciliation and Arbitration Commission. [More…]
The primary role of the Commission is to settle industrial disputes, not to manage the economy. [More…]
The Government has shirked its responsibility for controlling the economy. [More…]
Take the recent decision of Broken Hill Pty Co. Ltd to increase its prices by 5i per cent at a very critical stage of this country’s economy. [More…]
No charge is ever made by the Government that these companies are taking too much from the national income and thereby endangering the economy and causing production costs and living costs to rise. [More…]
The state of the economy should be taken into consideration when the Commissioners are negotiating for the settlement of disputes. [More…]
It is real life to believe that they must take into consideration the public interest and the state of the economy of Australia. [More…]
These are all factors to be considered but surely when one comes down to tin tacks it is necessary to look at the whole economy before a sound judgment can be reached. [More…]
The reasons the Government gave for this delay were the state of the economy and the possibility of Britain entering the European Economic Community. [More…]
If I may deal with the proposed amendments to this Bill perhaps I could first of all refer to that part which deals with the state of the economy or the effect of a decision of the Commission on the economy. [More…]
For a long time we have heard Government sup porters more or less give hints that the Commission should take into account the effects which any decision it makes might have on the economy. [More…]
This will certainly give the Government greater power of intervention in cases so that an application will not be considered purely and simply on its merits; the question of the state of the economy will come into it as will also the effect of the Commission’s decision. [More…]
There will not be any additional production as a result of the injection of an additional $464m into the economy. [More…]
The honourable member for Canning (Mr Hallett) mentioned the problems associated with the primary industry sector of our economy. [More…]
No doubt if wages increase in the future and other cost increases in the primary production section of our economy continue the beef industry also will be in trouble. [More…]
Secondary industry, too, is demanding more and more tariff protection simply because the manufacturing section of our economy is not competitive with overseas manufacturers. [More…]
When asked about our present economic system the President of the Australian Council of Trade Unions - and I use his words, although I would normally not do so in this chamber - said that the economy is bloody crazy’. [More…]
This was the response of the so-called President of the Australian Council of Trade Unions when asked on a television programme: ‘What is the present situation of the Australian economy?’ [More…]
It was quite evident to the viewers that Mr Hawke left no doubt that his solution for inflation was to do away with our western type free enterprise economy and to replace it with socialism. [More…]
It is because we have a free enterprise economy that we will retain government after the next election. [More…]
But honourable members opposite fail to recognise that relatively speaking, the number of workers so called is such a large proportion of the total work force that a relatively small rise in their salaries obviously has very great implications for the general economy. [More…]
To put it bluntly, one would have to be a shingle short to try to write these propositions down as being pure political provocation when, in fact, they can be read and be seen to be totally constructive proposals which have been made in an endeavour to make a more flexible system for the general good of industrial relationships and for the betterment of the community and the general economy. [More…]
lt will be clear that, in this general conte.st, the decision to accelerate the tariff review has important implications for the health of the Australian economy.’ [More…]
I will ensure that in the interests of the economy and the country you will not get it.’ [More…]
The average Australian is sick and tired of the Government blaming the trade union movement for the critical situation in which the Australian economy is placed and not mentioning the unjustified price rises and price induced inflation or pricepush inflation. [More…]
I think that most honourble members will agree that industrial unrest is the most serious factor in our economy today. [More…]
Its aim appears to be to ensure that the system of a multitude of minor, understaffed and undercapitalised unions continues to exist, thus ensuring that the constantly festering sore of constant industrial disputation continues to divert attention from the Government’s own failure to control the economy. [More…]
In clause 16 a new section is proposed which imposes upon the Commonwealth Conciliation and Arbitration Commission a duty of considering the public interest, having regard in particular to the state of the national economy and the likely effects on that economy of any award that might be made in the proceedings. [More…]
Can I be convinced, Mr Deputy Chairman, that the $2,000 back pay that these people are to receive, will go into circulation to the benefit of the economy of this country? [More…]
By exercising moderation the Commission has given the economy a real chance to make some headway against inflation, he said in Perth. [More…]
The Government told us at the time that the economy could not afford any more. [More…]
According to the Kerr Committee report which was brought down in this House, the economy is not what it should be. [More…]
The Government has gone into court and said that any substantial increase in the national wage would represent a disaster to the national economy. [More…]
This increase was said ‘to be a very serious blow to the national economy. [More…]
At the moment the problem with Australian wage fixing is that the people who produce goods are required to work for low wages because high wages will damage the national economy. [More…]
Those people who produce goods must work not less than a 40-hour week and all those people in the community who provide services - the tertiary industries- 7 can work less than a 40-hour week at higher wages and this does not damage the national economy. [More…]
That is the reality of the Australian economy and of the Government’s propositions. [More…]
The Prime Minister said here the other night that the Government supported a substantial increase in the minimum wage, but if he reads the transcript of the evidence given on behalf of the Commonwealth Government to the Conciliation and Arbitration Commission, he will find that what the Commonwealth actually submitted was that any substantial increase in the minimum wage would be damaging to the economy. [More…]
The riding instructions will be - this is the price that will be paid and this is where the Commissioners will be brought to heel - that in future they must consider the state of the national economy and the likely effects on that economy of the award that is made in the proceedings. [More…]
The heading on one of the articles sent to me was ‘Arbitration - the employee and the economy’. [More…]
How much was said, how much could be said by a responsible government, and how much ought to be said by an honest government with any sense of responsibility about the standards in the community at large, under the heading Arbitration - the employee and the economy’? [More…]
Let us hear what was said under the heading ‘Arbitration - the employee and the economy’. [More…]
The public interest is not defined except in a very vague and passing way to mean the national economy. [More…]
In proceedings before the Commission … the Commission shall, in considering the public interest, have regard, in particular, to the state of the national economy, and the likely effects on that economy of any award that might be made in the proceedings. [More…]
The Government, however, has a total responsibility for the economy of the country and what happens in the field of industrial relations between employers and unions can be of profound significance for the community. [More…]
I am pleased that the honourable member is showing some interest in this important matter which in the future will become even more important to our national economy. [More…]
These issues are essentially concerned with the growth and development of the domestic economy - for example, the allocation of available resources, the distribution of income, the degree of competition and other domestic economic management questions of that kind. [More…]
Naturally, the inflow of foreign capital also has implications : or the balance of payments, but so long as the economy is reasonably well managed these will be less significant. [More…]
The inflow of capital to Australia has therefore been reflected in broadly equivalent additions of real resources to the economy. [More…]
It is, in essence, the problem of reconciling capital inflow with sensible and balanced management of the domestic economy. [More…]
From a purely economic viewpoint, and always assuming that the general management of the economy remains, over the years, reasonably sound, such a rise in the ownership ratio need not pose any threat. [More…]
In the economic field, for example, consider the contention that a net inflow of capital from abroad will usually enable one’s economy to grow faster, and one’s living standards to increase more rapidly, than they would otherwise. [More…]
Yet its force clearly diminishes, at the margin, the larger one’s economy and the higher one’s living standards become. [More…]
They are: Firstly, the present level of inflow and the potential problem that creates for managing the domestic economy, as well as the financial costs to Australia which are involved; secondly, the suggestions of exchange rate speculation to which such inflows can give rise, and the possible consequences of that; and thirdly, the sheer fact of foreign ownership and control of important aspects of our economy. [More…]
In my view this document is in many respects a very subtle indictment of the conduct of the economy by this Government over the past 2 years in particular. [More…]
One thing that was highlighted in the document was the sort of devices that are supposedly available, such as exchange control, taxation measures and so on, and how these devices can be frustrated - and this was particularly true in regard to the section on exchange control - by people who come here calling this a host country, but who in essence can become predators on our total economy by the way they choose to act, either in terms of the available exchange controls or the taxation laws. [More…]
The early stages of the report list 8 matters which require examination and which go to the totality of the whole economy. [More…]
Foreign investment is one aspect only - a significant aspect but one aspect only - of the functioning of the total economy. [More…]
as the very need of this document suggests, we have reached the kind of state in the economy where there is a questioning as to whether it is all benefits and no kicks. [More…]
It is time that we began to evaluate the benefits and the totality of the implications of this very significant matter in our economy. [More…]
However, the proposed new section goes much further and means that matters such as hours of work, rates of pay where related to the national economy, minimum wage, equal pay, and annual or long service leave all have to be referred to the Full Bench. [More…]
We have seen it switch over to the principle of what was the ability of the economy to pay. [More…]
The arguments then were that the economy could not stand it. [More…]
On the question of annual leave, I think the honourable member for Hindmarsh and every honourable member would agree that annual leave is a major cost item in the economy. [More…]
This clearly could be against the best interests of the economy as a whole. [More…]
The Assistant Minister assisting the Minister for Labour and National Service (Mr Street) made a statement about the economy and what we must do to protect it. [More…]
That report recommended a salary of $13,000 for a private member, but the Prime Minister (Mr McMahon) wanted to reduce it to $12,000 because of the state of the economy at that time.In other words, he was going to make a big fellow of himself. [More…]
Is that in the interests of the economy? [More…]
If we turn to some other area of the economy, to wage earners in occupations where a few hundred or a few thousand are involved, such as our arbitration commissioners, and give a substantial increase, the total effect on the economy is very small. [More…]
Whether this view is correct or not, it is noticeable that the Government brief in subsequent national wage cases has been less assertive and limited, in the main, to presenting general information and statistical material relating to the state of the economy. [More…]
The tertiary sector is the growing one in our economy and with the decline of rural employment it is on the way towards absorbing two-thirds of the work force. [More…]
In examining the proposed new sections now before the Committee one finds such references as the national economy and the public interest, with which 1 dealt to some extent before the suspension of the sitting. [More…]
The Government will try to justify the inclusion of penal provisions by saying that the non-implementation of these provisions would have a deleterious effect on the economy of this country. [More…]
In proceedings before the Commission under section thirty-one, section thirty-four or section thirty-five of this Act, the Commission shall, in considering the public interest, have regard, in particular, to the state of the national economy and the likely effects on that economy of any award that might be made in the proceedings. [More…]
I have already emphasised the implications that decisions of the Commission can have for the national economy. [More…]
Therefore, the Bill proposes an amendment of section 39 of the Act to ensure that, when the Commission is constituted to deal with appeals and references and with the reserved matters under the new section 31, it shall, in considering the public interest, have regard in particular to the state of the national economy and the likely effects on that economy of any award that it might make. [More…]
the Commission shall, in considering the public interest, have regard, in particular, to the state of the national economy and the likely effects on that economy of any award that might be made in the proceedings. [More…]
It places the Commission in the invidious position of having to assess the future of the economy, which is something that the Government could not do as was revealed by the last Budget and the shifting ground since then by the Prime Minister (Mr McMahon) and the Treasurer (Mr Snedden). [More…]
The Government is seeking to make the Commission assume responsibility for the overall economy - a responsibility that obviously is one that can be properly exercised only at government level. [More…]
The function of controlling the economy is surely the duty of the Government, not of the Conciliation and Arbitration Commission. [More…]
The primary role of the Commission is to settle industrial disputes, not to manage the economy. [More…]
The Government has shirked its responsibility for controlling the economy. [More…]
Further, it places the Commission in the invidious position of having to assess the future of the economy, a most difficult task as the Government has found out. [More…]
The last Budget and the results flowing from it show clearly that the Government, even with the expert advice that was available to it, was unable to read the future of the economy and this is amply demonstrated by the shifting ground of the Prime Minister and Treasurer in recent months. [More…]
The Government is seeking to make the Commission take responsibility for the overall economy of this country, a responsibility that obviously can be properly carried out only by the Government if it has the guts to do it. [More…]
Apart from being a conciliatory body, and being expected to resolve a dispute that exists between 2 people or 2 groups of people, the Commission, in considering that dispute and its settlement, is expected to take into account the very ethereal quality called the national economy, an expression that the honourable ‘ member for Moreton (Mr Killen), who is not here at the moment, would, I am sure, take issue on, as he does with the question of ihe public interest. [More…]
To talk about the national economy and to expect the Conciliation and Arbitration Commission to have some expertise in this matter is an act of arrant nonsense, even blatant arrogance, on the part of the Government. [More…]
I see the role of a national government as being to consider the national economy as it sees it from time to time and not to depute that right to another body, certainly a body such as the Conciliation and Arbitration Commission which, during its hearing of national wage cases over a period of years, has indicated clearly that its knowledge of what the national economy is all about is very limited. [More…]
The latest and perhaps most glaring example of that is that some 2 or 3 years ago the court agreed with a submission by Mr Robinson, who was the employers representative at that time, that the national economy, which was being ostensibly considered then, would be better off with a national wage and that there should be no longer the structure which we knew and which seemed to serve the purpose so well of a basic wage and a margin for skill. [More…]
The body which made that decision is the body which is now expected to take into account the national economy. [More…]
I am not quarrelling with the right of the Commission to be inconsistent because the inconsistencies are fundamental inconsistencies which clearly illustrate to me - and I do not hold myself out as a paragon of the community but I think I am a average member of the community and I believe that most members of the community share this view - that the Commission has demonstrated on more than one occasion that it is incapable of considering and not properly equipped to consider the questions of the economy which are placed before it. [More…]
If the Government is seriously concerned about the number of man-days that are lost through disputes in this country it will have greater concern after this Bill is passed because there can be no question that a dispute which could be relatively and simply solved by the good offices of a conciliator will be dragged on and on as the Commission considers the national economy in the light of public interest. [More…]
He is not in the chamber at present to tell us how much easier or more difficult - and I would believe more difficult - it would be to define the national economy. [More…]
It is not possible to resolve an industrial dispute if the commissioners who are appointed to resolve the dispute have to concern themselves with the national economy. [More…]
When we sit on that side it will be our function to take into account all matters that affect the national economy and not to depute that function to somebody else. [More…]
Why does not one of the honourable members opposite endeavour to convince us that a measure increasing a salary and making the increase retrospective will do something for the economy? [More…]
But it has given the American economy a sizable boost in terms of international competitiveness. [More…]
It has been partly a by-product of the very vitality of the western world economy and the growth of the multi-national corporation. [More…]
The Treasurer goes on to say that the flows of capital have been partly a byproduct of the very vitality of the Western world’s economy and the growth of the multi-national corporations. [More…]
As a result of this over 100 men and women have been displaced from the food wholesaling section of the Newcastle economy. [More…]
The Government is forcing some mothers to work because of the state of the economy. [More…]
History has shown that certain things have happened in economies over the years, particularly in our economy. [More…]
On many occasions history has shown that once primary industries start to drop, whether it be through low prices, drought or whatever else, within a year or 2 the nation’s economy is affected. [More…]
The new money and the only real money is the money that comes from the soil, and without it the economy will break down. [More…]
There can be plenty of froth and bubble on the top but once the sound basis has gone the economy is in real trouble. [More…]
In the remarks he made about the economy he said that unemployment was increasing. [More…]
Appropriation Bills and the economy have to be seen in the context of the whole Budget. [More…]
I merely observe that I fully agree with him that it is not reasonable in Australia to suggest that what we do on the second or third Tuesday in August every year sets the course of the economy for the rest of that year. [More…]
J think that it poses some philosophical problems for all parties in a mixed economy, which means that there is some degree of private enterprise in industry and commerce and also a fair degree of public enterprise in such fields as railways and other forms of public transport, power and road making. [More…]
A spokesman for the Department said that papers relating to incidents and people of that period were not of permanent interest and were discarded, on the advice of the Commonwealth Archives, when the economy moved off a war footing. [More…]
My argument is directed to the priorities that should be given to expenditure by the Government, particularly if it is within the capacity of the Government in today’s economy to provide the large sums of money that will be necessary to introduce colour telvision for the community at large. [More…]
Unless we provide facilities for them we will be handicapped in providing the economy of production which is very much needed. [More…]
It is just one further indication to me of the important part which north Queensland is playing in the economy of our country. [More…]
Apart from the value of this industry to the economy of the State it has a real effect on the welfare, progress and development of towns in areas where it is grown. [More…]
It is not just one or two large companies, as it is in a capitalist country; it is the whole economy. [More…]
The problem that remains is not so much the problem of obtaining markets for Australian exports but of finding room in the Australian economy for the kind of imports that have to match those exports. [More…]
For this purpose we have provided aid to some friendly countries to help them develop their national economy independently. [More…]
However, as China’s economy is still comparatively backward, the material aid we have provided is very limited, and what we provide is mainly political and moral support [More…]
The generally held view is that Australia is an advancing, sound and sophisticated country with a broadly based economy and huge natural resources. [More…]
With the help of Australian aid and international financial assistance the Papua New Guinea economy has expanded at a remarkable rate over recent years and has gained greater stability through a successful policy of diversification. [More…]
Gross national product - outside the subsistence economy - increased by over 14 per cent per annum between 1965-66 and 1968-69 and by 33 per cent in 1969-70, although that was largely as a result of the development of the Bougainville copper project. [More…]
The rapid development of the economy therefore has placed great strain on port facilities. [More…]
The framework for expansion and diversification of the economy has been laid down in the Papua New Guinea development programme which covers the period 1968-69 to 1972-73. [More…]
It is a well known fact that the more excessive protection is given to secondary industries, the more harm is done to the economy of the primary industry. [More…]
I asked: As the division between the economy of secondary and primary industries is widening will the Government reduce tariffs in certain instances or will it grant to primary industry price support on its exports? [More…]
The primary industries are no longer nearly as important to the Aus tralian economy as they were. [More…]
So when the honourable member gets up and espouses primary industries, as he did in the last few minutes of his speech, I suggest that he should bring his thinking up to date and realise that it is secondary industries now on which our economy relies. [More…]
It is opposed to any action on the part of government or industry which condones inefficiency or which imposes an unjustifiable burden on the economy. [More…]
He was referring to the nickel industry, but actually it was not a change in circumstances which had occurred but the bringing to light of the Government’s failure to recognise, in the first place, that the nickel industry could not possibly develop either in time or in size to absorb anywhere near the total work force of the gold mines nor prevent a serious disruption in the economy and the population. [More…]
The Government then expected that this would enable gold mining activity in Kalgoorlie to continue to phase out gradually without serious disruption to the population and economy of the area. [More…]
As long as they get the higher price both they and the economy of Australia will be advantaged. [More…]
Of course, as has been said many times but which it is apparently necessary for me to repeat, the Government has a responsibility for the management of the whole economy and to see each proposal in the context of the whole. [More…]
If so, did the Federation state that it has been pointed out forcibly to the Government that individual members of the organisation have been consistent and substantial supporters of the Government in its election campaigns in the past and that it would expect the Government to acknowledge that support and the role and significance of the industry in the general economy. [More…]
As I have made clear to the House, and I believe is made clear by the figures which were released recently by my Department, a number of encouraging facets in relation to both the employment market and the general economy at present are indicated. [More…]
Despite the fact that the Prime Minister and his Liberal Party cohorts are doing consistent damage to the overall economy of this nation, serious blame must also fall on the shoulders of members of the Country Party for their weakness in not taking the responsibility of leadership in the matter of wool. [More…]
The wool industry has provided a sound basis upon which our economy has been established since its inception. [More…]
This would seem to be a matter which is of considerable concern not only to the ANL over which the Government has some jurisdiction but also to the Grants Commission which, directly or indirectly, is involved, because of the claimant State status of Tasmania, in the whole operation of the economy of the State. [More…]
But primary products are still our major export earner, and primary industries are the basis of the economy of most of inland Australia. [More…]
It is an industry which contributes significantly to the Australian economy. [More…]
The Government cannot allow the economy of the port of Newcastle or that district to decline. [More…]
In particular, the proposal to reduce standard hours in that industry is one which the Government very firmly believes should be determined by a Presidential bench of the Conciliation and Arbitration Commission and not determined by 2 parties who have no responsibility for the consequences of their action in terms of impact on the national economy. [More…]
1 believe that this legislation also will encourage them to make a greater contribution to the Australian economy because they will feel that they have a stake in it - a stake that will not be removed if they return to their homeland. [More…]
Earlier today the Leader of the Opposition made a great deal of fuss about our migration policies and the state of the economy in this country being such that we were no longer attracting migrants. [More…]
CSIRO has not made fuel economy trials employing a 10 per cent blend of grain alcohol in petrol. [More…]
Its report assumes that there would be a 5 per cent loss in fuel economy on the basis of published data from other laboratories. [More…]
However after the report had been completed in December 1971, it was noticed that “The Countryman’ for 6th January 1972 reported that an improvement in both power output and economy was obtained with a 10 per cent alcohol-petrol blend. [More…]
the calorific value) of alcohol is about 30 per cent less than that of petrol so that the energy per gallon available in a blended fuel must be less than that of petrol; and, secondly, as far as CSIRO could ascertain, no research data substantiating the report had been published in the scientific literature, while the research data on which the assumed 5 per cent loss of fuel economy was based had been published by reputable laboratories in the United States and Canada. [More…]
We are constantly told that the issue really is not that the fundamental economy of Australia is unsound, but that there is a faltering of confidence. [More…]
He was pointing out that our unemployment rate is dependent on the economy - including mining investment, the rural sector, the building industry and general confidence. [More…]
They are hoping that an upturn in confidence and the economy will be an added fillip. [More…]
The fact is that power over the economy really rests here in the national Government and the national parliament in Canberra. [More…]
Whilst this company certainly is owned by overseas capital, it has played a major part in the development of the Australian economy since the company’s establishment and since its real development began in 1950 when this coalition Government was elected to represent the people of Australia. [More…]
The economy of Australia and the employment situation in Australia are inseparably tied together. [More…]
The Australian economy is basically sound and strong, and of course the Government is interested in doing all it can to continue to maintain and improve this position. [More…]
The Government has shown it is prepared to take action to stimulate the economy when such action is warranted. [More…]
I also repeat the pledge that the Government will do everything within its power to maintain an expanding industrial ingredient in the economy and to continue its record of encouraging the development and profitability of Australian industries. [More…]
Twelve months ago many of those who are now demanding ‘stimulation’ of the economy were equally strongly demanding vigorous action by the Government to deal with the inflationary situation. [More…]
For the first time for many years, labour turnover is falling off in many areas; absenteeism and the rapid changing of jobs, with all the waste and costs to the economy they involve, are declining. [More…]
Unemployment has increased in the building industry, which is a good barometer of the state of the economy. [More…]
The Institute criticised the Government on the grounds that although it had brought in financial measures to stimulate the economy, it had failed to introduce an incomes and prices policy to combat inflation. [More…]
The building industry is always a good barometer of the state of the economy. [More…]
The economy continues to slow down and many workers have lost their jobs. [More…]
What the Opposition has completely failed to realise is that in an expanding economy, such as Australia’s, with many new industries and enterprises opening all the time, of course there will be constant shifts in labour demand. [More…]
If this were not so, we would have a completely stagnant economy with very little prospect of improving employment opportunities. [More…]
It is only a week or so ago since in this place we had a major debate on the Australian system of conciliation and arbitration and the effect on our economy of wage increases and industrial troubles. [More…]
You cannot go on pushing wage and salary claims beyond the economy’s capacity to pay and still expect a continuation of unlimited employment opportunities. [More…]
A third point is that some structural changes in employment are unavoidable in a complex growing economy such as ours. [More…]
Another point to be made in connection with this matter is that while there are undoubtedly retrenchments occurring here and there in the economy, it is equally true that some employers are at the same time adding to their work force. [More…]
If the 230 people who are now displaced are not substantially reabsorbed into the economy within 2 months I personally will be very surprised. [More…]
But they have dragged out of perspective the general growth in the economy and the new growth that is always taking place. [More…]
Transport costs are a vital factor in the economy of this industry. [More…]
A third machine is desirable for scale of operation economy. [More…]
This is important legislation because it covers so many facets of the Australian economy. [More…]
One of the ways we can help is by ensuring continuity of purpose, which will benefit the economy of the nation. [More…]
I understand that there will be further discussions so that this programme, which is of great importance to us, may be able to operate to the advantage of our economy and particularly the rural areas, and to assist the progress of Australia as a whole. [More…]
The effect of the pine plantations on the economy of the Mount Gambier area of South Australia is an excellent example of good land-use planning for previously cleared land. [More…]
the development of the Australian economy in a manner conducive to the defence of the Commonwealth. [More…]
I shall quote a paragraph or two from a book entitled ‘Science, Technology and the Australian Economy’ by D. M. Lamberton, published in 1970. [More…]
I believe, taking aboard certain of the qualifications and hesitations of certain members who have already spoken in this debate, that in quite specific terms this Bill is designed, as it reads, to foster the initiative in firms large and small across Australia towards further research in their own interests and ultimately, of course, in the interests of the economy at large. [More…]
I think that wage push has been a very important factor in inflation and I fail to see how the Government can be critical of the private sector of the economy when the Government, in many respects, with its own servants and officers has been one of the greatest offenders in this area. [More…]
I believe that it is absolutely essential that inflationary pressures in our economy be countered. [More…]
That is what the Labor Party is saying - We should be prepared to go further than pay lip service to an attitude of opposition to the pressures within our economy to which I have referred, and really get down to tin tacks and in practical ways ensure a better balance of productivity with wage increases. [More…]
What I am concerned about now is to ensure that the increase is ‘quarantined’ to that particular State, as far as our own actions and policies may make that possible, and that this increase does not spread generally to white collar workers throughout the economy. [More…]
By exercising moderation the Commission has given the economy a real chance to make some headway against inflation. [More…]
When we rejected that proposal in the interests of justice and as a contribution to the economy and the stability of nation, he said: ‘Unless I get the $34,650 I will not support the legislation’. [More…]
They said that they were quite prepared to accept wage fixation - I should think that the matter now before the House most certainly deals with wage and salary fixations - on a basis proposed by representatives of the University of Melbourne who indicated that they were prepared to look very seriously at the concept of a national economy standard, although that is not the exact phrase that they used. [More…]
Finally, is it in the best interests of the Australian economy for all tankers to be owned by oil companies? [More…]
It goes before the Commonwealth Conciliation and Arbitration Commission and argues that in the interests of the national economy the wages of the workers must be kept down, and it uses all the forces of the machinery at its command to do this. [More…]
‘Public interest’ has been expanded in this amending Bill to take into account the state of the economy. [More…]
I ask the Government: Did it take into account the state of the economy when Broken Hill Pty Company Ltd recently increased steel prices by 5i per cent and in some instances, particularly in regard to building materials, caused price rises of between 9 per cent and 10 per cent? [More…]
No charge is ever made by the Government that such companies are taking too much of the national income, thereby endangering the economy and causing living costs to rise. [More…]
The Australian overseas shipping industry, through the Australian National Line, has become very important to the economy of Australian exporting industries. [More…]
If so, did section 1 of the Bill declare that it is the public policy of the State that, in order to safeguard the life, health, property, and public welfare of its citizens, the production sales and use of motor fuels and the pollution caused by the additives in motor fuels is a matter affecting the public interest, and that a reduced tax on motor fuels containing grain alcohol as a substitute for lead additives is necessary for the reduction of pollution and will further serve as an incentive for the agricultural economy in the State. [More…]
Is he aware of the recent freight rate rise which has again cast a blow at Tasmania’s economy, especially at the tourist trade? [More…]
I ask the Minister representing the Minister for Health: Will he, in the interest of economy, both of time and money, confer with his colleague in another place with a view to allowing members of the medical profession to prescribe larger quantities of approved drugs for chronically ill patients? [More…]
I do not think this gives any member, including the Leader of the Opposition, the right to cover matters outside the scope of the motion or to talk about the economy or what happened last year. [More…]
-I must say that on a motion that papers be printed it is most unusual to have a debate covering the whole range of national income, Commonwealth income tax statistics and the cost to the economy. [More…]
If he has no plans, will he give further consideration to accepting the Tariff Board recommendation on shipbuilding to pay compensation to companies like R. H. Houfe and Co. so that the Straitsman’ can put to sea again and prevent further irreparable damage being done to the economy of King Island which now has been over 2 months without a regular shipping service? [More…]
If you cannot find 190,000 new jobs each year, if your work force is not expanding at a rate sufficient to do that, if the economy is not expanding at that rate, then to the extent that you fall short of that target so will the existing number of unemployed be increased by this time next year. [More…]
We need an expansion in the work force - which is another way, if you like, of saying that we need an expansion in the economy - of about 4 per cent a year, and until this Government’s disastrous Budget of last year upset the order of things in this country we were witnessing an expansion in the work force of percentages ranging from 3.8 per cent to a little more than 4 per cent each year. [More…]
In order to have an economy that is healthy enough and is expanding at a rate that is rapid enough to absorb all those school leavers, married women and migrants who want work, we ought to be able to maintain an expansion of roughly 4 per cent. [More…]
Yet this is an economy which demands an increase in the work force of 4 per cent. [More…]
If there is any complacency concerning the question of unemployment that complacency lies in the Opposition ranks, both in its failure to examine seriously this matter in this House and in its failure to recognise the extent to which inflation and industrial unrest have damaged confidence in the economy and have inhibited the achievement of the Government’s objective for full employment, which has been and is a cardinal aspect of our economic and social policy. [More…]
This in turn can be at least partly attributed to the 2 running sores of the Australian economy - industrial unrest and inflation. [More…]
It is these factors which are having a direct impact on the central question before the Australian economy - the question of confidence. [More…]
It has not been an easy year for the economy. [More…]
Apart from the domestic shocks from wage cost inflation and severe industrial unrest, we have also witnessed external shocks to the system from the international monetary crisis and the slowdown in the Japanese economy, which affected the expansion plans of our mineral industries. [More…]
Let me for a moment list some of the policy actions which the Government has taken in concert with its aim of keeping the economy under close review. [More…]
Despite all these measures the economy failed to respond quickly and unemployment continued to rise steadily, albeit at a decelerating rate. [More…]
The effects of a pickup in the economy therefore show up in levels of productivity before they do in levels of employment. [More…]
We have reached the stage - this is a dreadful term to use in a society that believes in full employment - where they are almost unemployable and they will be unemployable until the general level of the economy rises. [More…]
If ever anything illustrated more starkly the decline in the economy, it was that where there ought to be a growth rate of 5i per cent it is just a shade over 3 per cent. [More…]
In real money terms the performance of this economy at the moment is $900m annually less than it should be, yet honourable members on the other side say that there is nothing to worry about and that it is all the fault of the unions. [More…]
Now, of course, we have before us last night’s Budget which was designed specifically to restore confidence in the economy - which undoubtedly it will do - and to provide new incentives for business and for private citizens to increase productivity and the performance of the national economy. [More…]
For some extraordinary reason it seems determined to do its best to undermine confidence in the economy and this debate tonight is another example of its tactics. [More…]
Twelve months ago many of those who are now demanding major ‘stimulation’ of the economy were equally strongly demanding vigorous action by the Government to deal with the inflationary situation. [More…]
For the first time for some years, labour turnover is falling off in many areas; absenteeism and the rapid changing of jobs, with all the waste and costs to the economy they involve, are declining. [More…]
Many other measures were introduced, all of which were designed for one purpose - to try to create further employment and to stimulate the economy. [More…]
There is no need for me to detail the complete failure of the Government’s measures to stimulate job vacancies in the economy. [More…]
A fundamental structural change is taking place in the labour force in the community and in the structure of the economy, and this has far reaching implications. [More…]
It is what Bill Ford of the Sydney University calls multi-dimensional change with far reaching multi-effects in the economy. [More…]
In the junior work force it was not just the problem of a disastrous Budget last year but rather a long term influence within the economy leading to a situation where today not only have we mounting unemployment amongst juniors at a time when we should be preparing to absorb something like 220,000 school leavers in January next year but also every third person who is unemployed is a junior. [More…]
It is of no use for the Minister to talk about the firming of unfilled vacancies or of vacancies in the economy, whatever that happens to be. [More…]
This is clear evidence that we have a hard core problem of unemployment in the economy and that the Government’s policies to this point have been a total failure. [More…]
Since the Australian economy was hit by the international monetary crisis last year the Government has acted to steer the economy back towards a proper course. [More…]
That is for the good of Australia, the economy generally and employment in particular. [More…]
If we do that, I think every fair minded person will agree that the Budget sets the economy on a strong and upward course. [More…]
That sum of $3,000m annually covers primary, secondary and tertiary products and it has been estimated that the rural sector of the economy receives about $300m of that total. [More…]
In view of the recent one week’s closure of the Nowra Paper Mills by Wiggins Teape Shoalhaven Pty Ltd and the serious adverse effects that this development has had on the economy in the Shoalhaven region will urgent consideration be given to the provision of assistance or protection to this industry. [More…]
The Government has been concerned for some time at certain aspects of the high rates of capital inflow over the past 18 months and the degree of overseas participation in the economy, and the Treasury recently undertook a comprehensive study of the economic effects of overseas investment in Australia. [More…]
That Budget attempted to slow down the economy and deliberately to increase unemployment, and in both respects it was a disastrous success. [More…]
As a matter of fact - to be more accurate - the position at the time of the last Budget was that the Western Australia economy was already moving down from top speed so that the added Federal restraint at that time exacerbated a position that was already potentially serious. [More…]
The only defender of the Line to be found appears to be Senator Rae who seems concerned that any subsidy of Tasmanian shipping would ruin Tasmania’s economy. [More…]
This assistance is not begrudged but it is disappointing that so little flows to Tasmania whose economy is completely dominated by the transport mechanism. [More…]
Dealing with the second part, which related to the industries associated with the production of petroleum gas, often termed natural gas, and uranium, these 2 industries have a tremendous importance to our future economy. [More…]
On Tuesday of last week the Treasurer (Mr Snedden) said in his Budget speech: “The economy at present is moving in the right direction’. [More…]
Let that stand as this Treasurer’s and this Government’s epitaph: 112,000 unemployed, 6 per cent inflation, a miserable 3 per cent growth rate - but: ‘The economy at present is moving in the right direction’. [More…]
We see it as a critically important objective of ow policy to combat the inflationary forces now running in our economy. [More…]
The: fact is that the business com- :community and the general ‘ public have no guidance at all as to where the economy : will be in 5 months, much less 5 years. [More…]
To discuss the national economy, the national revenue and expenditure simply in terms of the Commonwealth taxes and CommonwealthState finances is to ignore the very heart of the financial problem - and that problem is the proper and effective financing and functioning of the 3 levels of government in Australia. [More…]
Increasingly, the key sectors of the Australian economy are tied to the control of great international corporations. [More…]
The slack in the economy gave a rare opportunity for making a basic attack on the nation’s long term problems. [More…]
This was the time to make an immediate grant of $100m to pensioners and unemployed and thereby give an immediate, once-and-for-all boost to the economy. [More…]
its personnel, or their competence, not just lack of confidence in their capacity to manage the economy, but a lack of confidence in their very motives. [More…]
I believe that the public would regard any action oy the Opposition to try to deny .them the fruits of the Budget or to prevent the economy from having the thrust which the Budget will provide as action that would not serve the interest or will of the public. [More…]
What I want to talk about is the disastrous state of the economy at the moment. [More…]
What I want to do this evening is to make an examination of the Australian economy as we can see it at the moment. [More…]
But whatever is done, the health of the economy will determine whether these payments are to have real purchasing value. [More…]
At the moment the health of the economy is not good. [More…]
The Commonwealth Budget for 1972-73 has been framed in the context of an economy already picking up from the moderate rate of growth experienced in 1971-72. [More…]
Features of the economy presently include an easy labour market. [More…]
There is an easy labour market, if one likes to use that term, as far as unskilled people and semi-skilled people are concerned but there is still a tight labour market as far as skilled people are concerned and that is the devastating factor that is besetting the Australian economy. [More…]
This Government has somehow to lift the economy and get back into it some feeling of confidence. [More…]
Does this sound like a dynamic economy suffering from just temporary restrictions? [More…]
We are faced at the moment not only with a threat internally to our economy but also a threat to the value of our currency internationally. [More…]
This is the situation as far as the Australian economy is concerned. [More…]
I would hope that we in this country will be mature enough not to believe that something which is done on the second or third Tuesday of the month of August by the great man, the Treasurer - I say that with all humility, whatever the portents for the future may be - will produce out of a hat overnight assorted varieties which will set the economy right. [More…]
There exists an aimlessness and paralysis which affects the totality of the Australian economy. [More…]
There has been a I0 of talk about taxation concessions amounting to about $480m somehow rejuvenating the economy. [More…]
The great dilemma in a modern industrial economy where most people work for a wage for their living is that the wage is the income to the recipient and is a cost to the person by whom he is employed. [More…]
The prosperity of the economy depends on expanding consumer expenditure and that is the thing that has been in rapid decline in Australia in recent years. [More…]
Unless we get back into our economy the dynamism it should have - and our economy should be capable of a growth rate of 5 per cent instead of 3 per cent which is the difference between $900m and S750m annually - we will only have to pay higher social service benefits to some people at the expense of the rest. [More…]
How much more important is this opportunity to make a clear statement in the major economic debate of the year with only a few months remaining before the election, and in a year when aspects of the economy are of major political interest. [More…]
However, these are not readily summed up in a few glossy sentences, both because of the intrinsic complexity of the directions in which any economy and society moves and because, anyway, the Government cannot be the final arbiter on all these matters. [More…]
It is not intended to help employment or the economy. [More…]
How can a party claiming to be able to undertake responsibility for the economy of this country, and claiming the objective of raising standards of living in the poorer sections, put forward such a proposal? [More…]
Honourable members will find the speech of the honourable member for Lalor to which I have referred a clear statement of socialist intent, far more honest and lucid than the speeches of the Leader of the Opposition but exposing the same doctrinaire, dangerous approach to the Australian economy which close observers of the Labor’ Party have long known to be the case. [More…]
With the existing room for expansion in the economy, a needed increased demand in a number of areas, but also the need to see that no renewed inflationary pressures are created after some success in combating them, it has been possible to present these attractive measures to lift the burden of taxation and give assistance to those in need. [More…]
This Budget will create much stimulation in an economy which is very strong but which has excellent capacity for expansion. [More…]
If all the primary industries are in trouble, the entire economy is in trouble. [More…]
As we see this position developing not only throughout Australia but throughout the world, we will see our economy becoming stronger and the whole situation changing, but it will not change until that time. [More…]
We can inject millions of dollars into our economy and do all sorts of other things to stimulate the economy for a time,, but we must look at the overall situation, the real base of our problem, and try to do something about that. [More…]
Unless you can get the basic industries in toto moving you will never get your economy moving. [More…]
The honourable member for Sydney may laugh, but millions of dollars and hundreds of thousands of jobs are wrapped up in this industry, and the economy will not recover until we get it back on the rails. [More…]
You cannot take hundreds of millions of dollars out of the economy without that having very dire effects. [More…]
Any government which happens to grace the treasury bench in this House and which does not stand up to that responsibility will cause the economy of this country to suffer even more than it has in the past. [More…]
Therefore these reductions will be a stimulus to the economy and of great assistance to the family man and others. [More…]
In referring earlier to the economy as a whole I mentioned unemployment in Western Australia and in other parts of Australia. [More…]
For an economy such as ours when we have had bad times with a recession in rural areas, when there has been a degree of stagnation in secondary industry and when export mining industries are finding it difficult to get a price to make their operations profitable any alteration in the rate of our currency would act contrary to national [More…]
Budget policy at the moment, which is to try to get stagnant areas of the economy moving again. [More…]
The Government has brought in programmes to counteract these industry-wide difficulties including improvement in the supply of credit to the vital rural sector of the Australian economy. [More…]
the economy should not hold or even exceed its recent rate of growth. [More…]
Treasurer had to say a little later, bearing in mind that in March he said that the economy was not doing too badly. [More…]
Mr Bury recalled that a major clement in the 1969-70 Budget strategy had been the large domestic surplus, estimated at about S500m, which was aimed at reducing liquidity in the economy. [More…]
Thus, the Budget will result in a substantial withdrawal of liquidity from the economy. [More…]
Unemployment has now soared, according to the July figures, from 64,000 in 1971 to 99,000 in 1972 because of the Government’s peculiar budgetary phobia that to have unemployment is the way to run a healthy growth economy. [More…]
A statement made in March of this year by the Institute of Public Affairs - we do not normally support the principles it espouses - quickly puts the finger on this Government for its incompetence and its failure to understand the economy or appreciate the hardship that would be caused to people. [More…]
That statement reveals that the major cause of inflation has not been the unfortunate person who pays all the taxes but the fact that the Government itself is running an economy which will force up prices and which has done so, as we have seen from the consumer price index. [More…]
That illustrates how irresponsible the Government was to suggest that that would be the solution for the troubles of the economy. [More…]
I turn now to the comments of the Arbitration Commission on the economy. [More…]
In the electorate I represent is a large motor manufacturing concern conducted by General MotorsHolden’s Pty Ltd. Last January GMH dismissed without any qualms 1,000 men because there was a rundown in the economy. [More…]
So far from being any recession, the economy is basically sound and is growing quite strongly. [More…]
They are the one sector of the economy that is doing better than ever when every other sector is running down. [More…]
Is this the correct way to run the economy? [More…]
Is that the sort of economy on which the Government thinks it can build a nation? [More…]
But overall there was no great boost to the economy. [More…]
Recently in many vital respects we have been ejected from the sterling area, and the present British Government has given notice that in future it will adjust its exchange rate according to the vagaries of the British domestic economy rather than to international considerations. [More…]
They refused to recognise basic changes in the economy which had come about and wanted to regard the whole process as a narrow accountancy matter in which they foresaw nothing but bankruptcy and ruin. [More…]
This kind of market, underpinned by the Australian economy, should greatly increase the power and influence of Australia. [More…]
We have done very well in the world with our open-door trade and financial policy and have successfully become an important part of the world economy, enjoying its benefits and periodically suffering from its vicissitudes. [More…]
It views the economy only in terms of electoral advantage and electoral mileage. [More…]
But what good is money in the bank to an economy? [More…]
Only finance circulating stimulates an economy. [More…]
This was not even mentioned in the Budget Speech, and this is the Achilles heel of our economy. [More…]
I am convinced that in a few years we will have an impoverished economy, because of increased shipping freights which are striking a mortal blow at existing industries and preventing the establishment of others. [More…]
This is a fact because ali the evidence is showing that all the increases in the freight rates charged by the Australian National Line are killing our industries and putting our economy into a state of stagnation. [More…]
Spread doom, gloom and despondency; sap the confidence of the people; ruin the economy; use the words ‘swindle’, ‘scandal’ and ‘phoney’: This appears to be the Budget policy of the Opposition. [More…]
Most are adopting a ‘wait and see’ attitude which will make it difficult for the economy to move ahead at anything approaching full-speed. [More…]
The Government says it will pour money into the economy, but it is not doing so. [More…]
lt fails to take any immediate steps to cure unemployment, steps such as increased public spending by Government, for example by the re-building of schools and, to mention a pet project of mine which I think is Labor Party policy, encouraging the formation of a Commonwealth development corporation which would in advance take care of cyclical trends in the trade cycle, and develop projects which would be held in reserve, pre.evaluated, pre-engineered, pre-costed and ready to roll at short notice in situations like this when the economy is run down. [More…]
How on earth, given the kind of economy which honourable members opposite claim to represent, can they expect to generate confidence when they behave in that manner? [More…]
If Labor is elected there will be a destruction of the existing basic fabric of our economy. [More…]
Honourable members will recall that the overseas financial market last year created incredible problems within, the Australian economy in respect of mineral resources and other matters on which the economy of this country depends. [More…]
Therefore there was a great effect on the economy and there was a recession, without any doubt. [More…]
But not one word from my parrot friend over there, not one word from anybody as to these factors in the Australian economy. [More…]
If it wrecks the economy of this country it will take a long time to build it up again. [More…]
Honourable members opposite say that we have wrecked the economy, but let them point to any country comparable to Australia which has 2 per cent unemployment which we hope to reduce with the co-operation of the Labor Party? [More…]
Wage and salary increases represented less than half of the increases in prices, yet Ministers and Government spokesmen inside and outside this Parliament who are opposed to the Labor movement have blamed wage earners as the main cause of inflation, price rises and excessive demands in the economy. [More…]
I shall deal further with the question of leadership, which was also raised by the honourable member for La Trobe, but before doing so I wish to say that the mineral slump, the wool slump, the drought 15 years ago in central Queensland and all the other adversities and hardships that the honourable member for La Trobe complained about as being responsible for the decline in the economy, the decline in employment opportunities, the decline in morale and the uncertainty in business and investment should affect Australia far less than similar adversities and hardships would affect the developed nations of Europe and North America, which depend far more on overseas markets than Australia. [More…]
So fundamentally, I think, it is a short term problem of an over supply of the raw material on the one hand and possibly a short term problem of too many canneries to get an economy of scale into the industry on the other hand. [More…]
The British economy has been subjected to very real difficulties as a result of the statement made by the shadow Chancellor of the Exchequer. [More…]
One should always remember, 1 think, that productivity of a modern economy rests upon something more than available raw materials, levels of technology and physical capital resources. [More…]
The efficiency of output in an economy is always affected by the intelligence and willingness of its labour work force. [More…]
That is now this year - because if the economy does improve for some reason in the near future we might find that apprentices will still not be taken in. [More…]
Firstly, what does the Treasurer (Mr Snedden) say about the economy? [More…]
The Australian people must be reminded that this was the medicine inflicted on them this time last year and the tragedy is that it was the wrong medicine for the economy at that time. [More…]
The Labor Party was supported in its diagnosis of the economy by most economic commentators at that time outside the Government. [More…]
What effect will it have on the economy from here onwards? [More…]
Let me describe the economy because so far I have mentioned only unemployment figures. [More…]
I read from the publication of W. D. Scott and Co. Pty Ltd entitled ‘The Australian Economy’. [More…]
It describes the Australian economy in the following way: [More…]
The Australian economy in 1972 is moving sluggishly. [More…]
Then there is the view of Dr Peter Sheehan of the Australian National University who described the economy in a recent paper on the Budget as an economy which is experiencing stagnation and inflation and is yet awash with funds as a result of an unprecedented rate of increase in foreign exchange reserves. [More…]
But the most marked feature of the economy of Australia is the bad rate of growth, The lack of real growth per head of population. [More…]
This is the most important feature of our economy today. [More…]
In short the Treasurer says that the economy needs stimulus. [More…]
Under the headline ‘Economy in Need of Further Stimulus’ the article reads: [More…]
The Australian economy needs some further source of stimulus if it is to maintain an acceptable employment situation and a confident level of business activity. [More…]
These are very important matters for the economy. [More…]
The Treasury White Paper published in July indicated the need to pump some $400m into the private sector of the economy in order to boost consumer demand and restore growth. [More…]
I do not think anyone would deny that this rate needs to be at least doubled to give real strength to the economy. [More…]
This analysis of recent production statistics, although admittedly based on relatively short term trends, does give some indication that industrial production may indeed be picking up and that the economy is showing a greater degree of confidence, along with some increase in consumer spending. [More…]
It makes a proper approach in existing economic circumstances to stimulating consumer spending and stimulating the Australian economy generally. [More…]
Having made these enormous advances in social services, having given the great incentives that were given by taxation reductions and having thereby undoubtedly stimulated the consumer demand which is required by our economy at present, he nevertheless said and said properly that we still had to grapple with the problem of cost-push inflation because a budget will not cope with that. [More…]
Would those who attack a government for putting before an arbitration court arguments indicating what it thinks the economy of this country can properly bear, and people who object to proper economic arguments being put before a tribunal, help to keep down costpush inflation or would they help to increase it? [More…]
It provides a stimulus to the economy and it includes the biggest welfare packet that has ever been brought into a single Commonwealth Parliament. [More…]
It means that there is going to be any kind of stimulation for the private sector of the economy but practically nothing for the public sector of the economy. [More…]
We advocate a structure of co-operation with all people who are involved in the development of the economy. [More…]
Not only has there been a tremendous sacrifice by those who have been unemployed, but the effect has spread through to the rest of the economy. [More…]
Instead of the budget 12 months ago being designed to stimulate consumer spending and reduce the rate of inflation, it in fact dampened spending and increased inflation with the inevitable result of widespread unemployment in certain sectors of the economy. [More…]
So, in both the export and the import competitive sectors Australian confidence could be shaken and the rate of investment by Australian companies in these sectors of the economy would suffer. [More…]
This lapse of time has to be cut right down to a minimum, consistent of course with the application of due thought to such a radical charge in marketing arrangements in an industry which is of vital importance to the whole Australian economy. [More…]
In other times this could have been disastrous; the economy could have capsized completely as a result of such a setback. [More…]
Nevertheless, it is no mean feat of financial management that this has not been a completely disastrous blow to our economy. [More…]
The management of an economy is very much a balancing act. [More…]
What happened was that there was a surplus Budget, a Budget deliberately conceived to bring about a recession in the Australian economy last year. [More…]
If we look at the Treasury White Paper on the Australian economy we can see that that is just what happened. [More…]
Last December in this House I accurately predicted that if we tried to stimulate the economy again we would not necessarily find a reduction in unemployment. [More…]
The message I want to state is that pure budgetary and monetary policies are no longer sufficient for trying to achieve a full employment economy. [More…]
This country did very well to come out of it with the economy growing by 3 per cent - real, not just in money terms. [More…]
The Budget is designed to stimulate the economy without adding to inflationary measures. [More…]
The economy has been ruthlessly battered by industrial turbulence in the past year and it has been impossible to get a long enough respite to get recruiting back to normal. [More…]
We compare this Budget with the Budgets that this Government has presented in preceding years and because it Claims to be a responsible government we look through those earlier Budgets to see whether there is some golden thread of economic thought, something that provides a link between the various Budgets, something which gives guidelines for Australia’s economy and its stability; but nowhere do we find them. [More…]
We shall review economic trends aS the year goes on to ensure that the economy moves properly towards its sustainable growth path. [More…]
Well may the Government be accused of a complete lack of cohesion and aim in its forward planning of Australia’s economy, and this is just what the amendment moved by the Leader of the Opposition is all about. [More…]
After listening to Government supporters one would think that that was the only considerable factor in the national economy. [More…]
All that the present increases have done is make up for the loss of earnings for which this Government is responsible by allowing galloping inflation to grip the Australian economy as it has in years gone by. [More…]
Labor refers to matters as though, if it were in office, it would be in complete command and have complete authority over the whole of Australia, its way of life, its economy, education, transport and so on. [More…]
He went on in the most trenchant way to be highly critical of the Government for a 2 per cent level of unemployment in the Australian economy in 1972 at a time when unemployment in the United States is of the order of 5 per cent and in Canada, a country to which he is prone to turn with such adoration and respect, it is almost 6 per cent. [More…]
Then to confuse us even more the Leader of the Opposition has the gall to suggest that we should revalue our currency because, if we did so, apparently we would be able to deflate our economy. [More…]
In fact, there has been an ignoring of the contribution to inflation by government charges, which combined with increased profit margins - mainly by foreign corporations which dominate our economy - account for double the increase in inflation and the rate of inflation compared with wages. [More…]
Basic to the distortions in the Australian economy is the massive misapplication of resources. [More…]
I believe that this Budget will put a brake on inflation, but I also believe that it will be electorally dangerous to hold the damper on the economy till the end of the financial year. [More…]
The first is that the economy would be stimulated before the 1972 Budget. [More…]
To summarise: the economy at present is moving in the right direction. [More…]
There is, however, some slack in the economy and in the absence of further action it would be some time before it was fully taken up. [More…]
There is, however, some slack in the economy and in the absence of further action it would be some time before it was fully taken up. [More…]
There are many signs that confidence is returning to the Australian economy. [More…]
There have been many recent economic indicators of the fact that confidence is returning to the economy. [More…]
This is no easy matter, for the modern economy is a difficult, complex and and paradoxical instrument. [More…]
When one considers what a finely balanced mechanism the modern economy is, one realises that some of the recent statements made by the Leader of the Opposition (Mr Whitlam) are remarkably inept, illconsidered and gauche. [More…]
When one considers the psychology of the economy, one realises that some of the recent statements made by the Leader of the Opposition are remarkably unbalanced and academic. [More…]
The remarks of the Leader of the Opposition can only harm the Australian economy because in this way he creates uncertainty and hesitancy in many absolutely crucial sectors of the economy. [More…]
As everybody knows, at the moment the Government is considering the policy on overseas ownership of the Australian economy. [More…]
Vital matters affecting the Australian economy are at issue. [More…]
the economy has proved hard to budge from its too-subdued growth path. [More…]
In summary, the Government’s record is of rising costs and prices; a sluggish economy; excessive taxes; declining family purchasing power; serious inflationary trends; declining business confidence and the highest rate of unemployment for a decade, with some 100,000 Australians out of work. [More…]
In other words, it has a responsible economic prescription for the economy as it is at the present time. [More…]
In a situation in which we have a number of rural problems, where there is a degree of stagnation in secondary industry and where export mining industries are finding it difficult to get prices which will make their operations profitable, the Leader of the Opposition chooses to make a statement which runs completely contrary to a Budget aimed at getting those stagnant areas of the economy moving again. [More…]
I suppose one could say that any corrective economic measures in this economic climate would be the correct response because the Government so fouled the Budget nest 12 months ago that anything would be welcome now to give a stimulus to the Australian economy. [More…]
In December of last year we saw a panic stricken Government lower the statutory reserve deposits at the Reserve Bank in order to inject money into the economy. [More…]
The main economic goal of the Budget overall involves a stimulation of the Australian economy. [More…]
Complementing the stimulation will be the improved living conditions of all Australians resulting from a stronger economy in which poverty will be largely reduced, the opportunities for employment markedly increased and the democratic right of every Australian to share in Australia’s growth escalated. [More…]
The main economic goal of the Budget, of course, is the stimulation of the economy. [More…]
In my opinion, it is particularly bad to try to dampen down the stimulus of the economy. [More…]
This repudiation shows what trust the men who elected him have in him as their leader, and what trust they have in him as a man who demonstrably hungers for the power to govern the national economy. [More…]
Psychologically, his remarks have had a damaging influence on the welcome efforts to stimulate the economy. [More…]
His fiscal vandalism must rank as one of the greatest non-contributions to national economy management in Australia’s history. [More…]
Let us face facts: This is an election Budget and on the proven past performance of this very same Treasurer (Mr Snedden) we will have a further mini Budget which will no doubt impose fresh taxes and be used to curtail any, in the Government’s opinion, inflationary tendencies in the economy. [More…]
I ask that the franchise of these usurpers of the economy be withdrawn and that an investigation of firms so involved be made. [More…]
The performance to date has been that of a stop-go economy, of stop-go welfare schemes and broken promises, particularly on the means test, and of Federal Government bond rate moves which have caused soaring home loan interest rates that have been passed on by building societies. [More…]
In an inflationary economy it becomes poor reward for the sacrifices made. [More…]
If this Government or any government wishes to control its economy, the inflationary spiral needs to be checked. [More…]
Then wage justification and price justification can be linked and time allowed for the economy to stabilise. [More…]
This news has been greeted with enthusiasm and will help the family man and assist in improving the economy. [More…]
It would be in his interests to rid himself of this cancer which has taken over key unions of this country, to get rid of the communist leaders and have good, sane leaders take over, leaders who are prepared to abide by arbitration and get on with the’ job of production which is so necessary to our economy. [More…]
I do not believe that this Budget demonstrates any real effort to control the economy. [More…]
Indeed, the Prime Minister and I received a deputation of representatives of this segment of the economy only last week. [More…]
If we are to keep our economy buoyant, which has been the objective of the Budget, we will have to look very seriously for the most satisfactory method of achieving that objective if we cannot reach a conclusion with the countries causing the problem so that they exercise voluntary restraints. [More…]
If this is the case, will the Minister agree that the Government’s action is at least 5 times as detrimental to the economy as industrial action attributed to so-called militant trade unions? [More…]
Unemployment in this country at the present time is very largely, as my colleague the Treasurer has made abundantly clear, bound up with the question of confidence in the Australian economy. [More…]
The simple fact is that the industrial unrest to which the honourable gentleman has referred is a very significant factor in producing a lack of confidence in the economy. [More…]
These have been on the average well above the growth rates of the economy as a whole. [More…]
We can expect from this a more buoyant economy. [More…]
It is not their own fault but is due to mismanagement of the total economy, not the Tasmanian part in particular. [More…]
More than in any other State, high economic activity in Tasmania is bound up with buoyancy in the economy elsewhere, a buoyancy which is singularly lacking at the moment. [More…]
Neil Batt, on behalf of a Tasmanian delegation, to the Federal Minister for Shipping and Transport (Mr Nixon) pointed out that Tasmania has resources which are of considerable importance to the national economy. [More…]
Added to this difficulty is the general rundown of the economy, the blame for which lies at the feet of the Federal Government. [More…]
Apart from the general rundown in the economy, there is no doubt that the other factors contributing to this situation are the disabilities of sea transport and other problems associated with Tasmania’s geographical location. [More…]
Now’ gives an authoritative review of Australia’s economy and that being so it should also be a show-case of Australian capabilities. [More…]
I just want to say that the Budget generally is designed, and I believe will do so very effectively, to stimulate the economy and this is the best basis upon which unemployment can be relieved. [More…]
Therefore I believe the Budget is in fact one which is designed to help relieve unemployment by way of stimulating the economy. [More…]
The passage in Hansard goes on: that confidence is returning to the Australian economy. [More…]
There have been many recent economic indicators of the fact that confidence is returning to the economy. [More…]
I remember that in 1964 the former honourable member for Scullin, Mr Ted Peters, who at that time had written a booklet on this subject, protested to the Commonwealth Government at the domination of Australian industries and our economy by overseas investors. [More…]
The 2 Harvard economists mention also that there are strong indications that for the 200 or so corporations which increasingly determine the state of health of the economy, foreign profits are decidedly more important than those reflected in the statistical averages, impressive though they are in their own right. [More…]
That is a very serious situation in an economy which was, until certain Government activities took place, able to provide full employment. [More…]
They are being provided with menial employment - usually nonproductive employment - to reduce the numbers shown as unemployed and to avoid the responsibility of the Government to deal with the structural problems of the economy. [More…]
The Australian economy has been under Liberal-Country Party control for 23 years. [More…]
However, as the honourable member for Moore so clearly pointed out, the Government has not been static, it has not waited for the Budget before bringing in measures to stimulate the economy during 1972. [More…]
This year I want to make some general comments about the economy and the impact of the Budget. [More…]
Either it has some innovations in standard monetary techniques up its sleeve or it has accepted the inflationary impact and is content to let it flow through the economy. [More…]
Since the 1971-72 Budget was delivered there has been a marked easing of monetary policy in a vain effort to get the economy moving again. [More…]
Undoubtedly there is plenty of scope in the economy for a substantial increase in consumption which would lift the economy. [More…]
I believe that the economy of the country will be in a perilous situation white there is a persistence of the attitude which has been so evident in this House this afternoon. [More…]
At this time last year we were faced with a situation of acute cost-push inflation which held very grave dangers for the growth and stability of the economy and for its employment capability. [More…]
The main reason for the unsatisfactory employment experience is that as the year 1971-72 progressed the economy suffered a number of unexpected external and internal shocks which affected employment prospects. [More…]
Externally there was an international monetary crisis and a slowdown in the Japanese economy, which affected the expansion plans of our mineral industries. [More…]
That the economy failed to respond quickly to these measures was substantially due to the slow recovery in consumer and business confidence. [More…]
Not only is it impossible to measure the full loss to the economy from industrial unrest; it is also fatuous to assume that industrial unrest and unemployment bear no relation at all to each other. [More…]
Of course, structural changes in employment are occurring with very great frequency in the economy. [More…]
These changes are unavoidable in a complex growing economy open to overseas trade. [More…]
The Government is not treating lightly the problem of structural imbalance in the economy - whether this imbalance is geographical, occupational or industrial in character. [More…]
The Government has no doubt that only a small proportion of the increase In unemployment in the last 2 years has been caused by structural changes in the economy of a deep-seated lasting character. [More…]
Having falsely laid the blame for our unemployment problem on the 1971-72 Budget and on major structural changes in the economy, the Opposition has sought to claim that the present Budget will further increase unemployment. [More…]
Such predictions, confused and divisive as they are, by Shadow Ministers on the other side of the House can only have the effect of undermining confidence in the Australian economy. [More…]
In any turn down in the Australian economy, South Australia in usually the first State to be hit because it relies in the main on its consumer durable industries. [More…]
As soon as there is a slackening off or a turn down in the economy, the goods that South Australia produces are first hit. [More…]
That is also welcome and assists the general economy. [More…]
The economy of this country would be greatly strengthened by the creation of such a bank, because rural industries are still vital factors in the Australian economy. [More…]
The Treasurer said that this unwillingness - in my view, inability- of people to spend ‘has been basic to the economy’s lack of punch’ - a lovely word! [More…]
To try to balance this and restore the total purchasing power of the community so that it can increase its spending and so restore ‘punch’ to the economy, the Government pays out unemployment benefits from its increased taxation revenue. [More…]
Since private spending was lagging it was a deliberate policy of the Government to encourage spending in the public sector in an attempt to restore ‘punch’ to the economy. [More…]
This Budget is a responsible Budget because it aims to remedy certain sluggish conditions which have crept into the economy in recent months. [More…]
The rate at which Australia has absorbed new settlers has undoubtedly placed considerable strain on our economy in the field of housing, education, hospitals and all the other various facilities which a rapidly growing community requires. [More…]
Yet the Commonwealth Government is pouring this money into rural unemployment relief, although one would have to say that on the whole it is not being used as efficiently as it could be if it were put into reconstructing the debts of farmers so that they could return to viability and so that they could get the economy of the country areas moving again. [More…]
I believe that IOC and XL are playing a vital role in our economy by deterring rises in petrol prices. [More…]
It is high time that action was taken to remedy the needs of pioneers of this country who have made their contribution in building the economy and serving this country in war and in peace. [More…]
More spending is what is needed to get the economy moving ahead as it should be to create enough jobs for our work force and reduce unemployment. [More…]
Another important industry affecting the economy of this country, which received favourable consideration in the Budget and which was not mentioned by the Leader of the Opposition in his reply, was the tourist industry. [More…]
Any Budget has to be formulated having regard to its impact effect on the economy - that is, the overall direction which it is designed to give to an economy - being either an expansionary Budget or a retractionary Budget. [More…]
In what directions does it move the economy? [More…]
That very statement is based on incorrect information but, once made, it entices the solution which Labor poses for the Australian economy. [More…]
A suggested solution to the problems of the growth of the Australian economy is that the Australian work force and the Australian people ought to grow by 1 per cent a year. [More…]
In other words, the solutions to growth in the Australian economy are to be sought by deliberately embracing prospects of stagnation. [More…]
it is not the first time that tragically incorrect solution has been proposed for an economy. [More…]
There was an effective upward valuation of the British currency and, largely as a result of that decision, the British economy deteriorated during the late 1920s and unemployment rose. [More…]
The effects of revaluation improperly considered at the wrong time can spread very quickly through an economy. [More…]
As their economy recovers the Americans have woken up to find themselves rushing headlong into an energy crisis which a few years ago would have been unthinkable. [More…]
It is a well thought out Budget; it is designed to bring justice to the people; it is well balanced; it will inspire confidence; it will create the incentive to develop; it will assist unemployment; it will raise the standard of living and, above all, it will preserve the stability of our economy. [More…]
The findings were brought together under the Federal Secretariat of the Liberal Party and decisions made with a full understanding of the effect on the national economy. [More…]
The economy has been stimulated to cope with unemployment. [More…]
Two possible fields in which the Federal Government could adopt both a creative attitude and one calculated to stimulate consumption and improve the structure of the economy in a basic way were mentioned by the Bill: Selective decentralisation; the provision of effective public rapid transit facilities . [More…]
The Budget seeks to remedy what I, for my part, concede were errors in the last Budget in slowing down the economy of the nation. [More…]
I believe that the dampening down of the Australian economy 12 months ago was a little too elaborate. [More…]
There has been a marked deterioration in the state of the economy in the last 2 years. [More…]
Using outdated economic ideas, the framers of that Budget tried to reduce inflation by increasing the degree of slackness in the economy and, so they thought, cutting down the rate of increase of wages and then prices. [More…]
One feature of the present depressed economy which will have serious effects for sometime to come is the fall in private investment spending on new buildings, plant and equipment which has occurred. [More…]
They concluded, on the basis of a study of the Australian economy from 1958 to 1968, that changes in personal income tax rates - such as those in the present Budget - do not directly affect spending by consumers. [More…]
It is time to embark on planned economic policies with annual budgets fitting into a comprehensive planning framework for the whole economy. [More…]
Inflated results from expenditure in excess of what the economy can meet by production at constant prices. [More…]
Expenditure originates from the system that supplies money to the economy through the banking system. [More…]
Not only are these percentages significantly too high; no economy can afford that kind of money inflow without inflation resulting. [More…]
It has now been recognised for 40 years that unless the money supply is regulated to the capacity of the economy to absorb it inflation will occur. [More…]
Each year there has been an increase of about 9 per cent in the first banking system because it is regulated with reasonable relationship to the needs of the economy. [More…]
Hence, the amount of money which the system puts into the economy can rise much above that which the economy can manage without inflation occurring. [More…]
So these people move into the second banking system, and this Government has presided over the move that has allowed $4,822m to be lent each year at an average rate of interest of 15 per cent as against a rate that would have been half that if the economy had been properly regulated. [More…]
Little can be done to regulate the inflow of foreign capital when it falls, but an increase of 109 per cent in one year, in 1968, on a total capital inflow of $53 lm, and an increase of 59.2 per cent in 1971, on a total capital inflow of $9 10m, are far too great for the Australian economy to absorb in any one year and must have had a great deal to do with the inflation that occurred in those years. [More…]
For a future Labor government I say that there will be a stop order on tariff reductions until we are satisfied that Australian industry can be properly planned and developed and until we are satisfied that the change is essential for greater efficiency and economy of operation without the costs involved falling as they do at present and as they have done throughout the years on those directly affected. [More…]
It is time we got rid of this horse and buggy method of running the economy and brought the system into the 20th century. [More…]
I am pleased to be associated with the Budget which will guide the economy of the nation for the next 12 months. [More…]
Confidence on the one hand and lack of confidence on the other can each be powerful influences on the national economy. [More…]
The Budget is the latest in a series of demonstrations of he willingness of the Government to take action on many fronts to improve the state of the economy. [More…]
We are also very conscious of the problems facing the economy. [More…]
All the measures I have mentioned are designed to help people who need help and, in more general terms, to create a climate of confidence in which the Australian economy can function to the advantage of the nation and all its people.. [More…]
I referred at the beginning of my speech to the destructive effects on the economy of a lack of confidence. [More…]
If we look at the actions of the Australian Labor Party in recent times we cannot escape the conclusion that the Opposition is determined to depress the economy by creating a climate in which confidence is wanting. [More…]
It would have the most serious repercussions on the economy and on the living standards of the Australian people. [More…]
This misunderstanding must raise the most serious doubt as to the capacity of the Labor Party to manage the Australian economy properly. [More…]
But even in the 2-wage economy that this Government has allowed to develop in Australia, that is an almost impossible task for many of them. [More…]
It is a Budget designed to help all sections of our society, to restore full employment and to quickly stimulate growth in our national economy. [More…]
In money terms, the domestic deficit of $60m in this Budget will represent a turnaround of almost $450m on the actual outcome of last year’s Budget and this will ensure that the strengthening trend already apparent in the economy will be improved. [More…]
The economy needed a fillip and the reputation and popularity of the Government also needed a fillip. [More…]
It is as it is, as I said earlier, because it is election year and because the economy of the country is running down rapidly. [More…]
The next question I have written here is: Does history show that whenever the Labor Party has been in office, except lor the war period, the finances on which the economy of the nation depends diminished? [More…]
What is the difference in the total economy between the Government abolishing the means test by 1975 and the Labor Party abolishing it by 1975? [More…]
Surely the argument for the next 3 years should be about the potential of the Australian economy for the next 3 years. [More…]
What are the sorts of things that the economy is supposed to do? [More…]
Unless the country has a proper and an expanding economy, which it does not have at the moment, all these propositions are a mockery. [More…]
In fact a number of independent producers have approached the Corporation with some or part backing from the private sector of the economy and this body has declined to invest in their productions. [More…]
I think that this matter does not lend itself to that type of speculation, because what these statements do - confused and divisive as they are - is simply to seek to destroy and undermine what is the critical question before the Australian economy, and that is the confidence of the business community and in particular of consumers in relation to their spending patterns. [More…]
It must consider the total amount to be expended and the total amount that will be raised from revenue in order to keep the economy on an even keel. [More…]
It did this because it viewed with concern the considerable increase in the relative burden of personal income tax in recent years and the effect that this had had on our economy and society. [More…]
It simply shows that in a systematic economy there is room for public activity and private activity to function alongside each other. [More…]
But it also believes that in moving towards them the gains made must be genuine and can be supported by the resources of the country without undue strain on the economy. [More…]
A whole complex of factors has dictated the level of the standard working week over the years but today the overriding consideration has to be the capacity of the economy to bear the cost - in truth, the capacity of the citizen himself to bear the cost of new concessions. [More…]
The Government cannot stand aside idly while such a buildup is taking place, especially when new pressures on the economy have to be avoided and when there is abundant evidence from recent polls that a majority, a sizeable majority of Australians, is opposed to a 35-hour week at this stage. [More…]
It is more than the economy could bear at this stage as it is emerging from a sluggish period with inflationary pressures still at work. [More…]
The ramifications of such a huge increase in the national wage bill would be felt right through the economy. [More…]
My colleagues directly concerned with various aspects of the economy will have more to say about all these problems later. [More…]
Everything the Government has done has been directed to keeping the economy on an even keel and to getting it moving forward in an orderly way. [More…]
If their demands are successful, the economy will be faced with inflationary pressures of intolerable proportions. [More…]
All that is being done, of course, is a very sordid attempt on the part of the Government - and I see that the Deputy Prime Minister (Mr Anthony) has entered the chamber to take part in the debate - to take the minds of the community off the state of the Australian economy by talking about what might happen when something that we do not have comes about. [More…]
I do so because it is a matter of national importance about which the facts should be made clear, and because the campaign for its widespread introduction throughout industry threatens to damage confidence in the economy and in the Government’s programme . [More…]
In the next 10 or 15 years it will be physically possible to produce all the goods and services that the Australian economy wants with a lesser component of labour than is currently the case. [More…]
The sort of people who are unemployed at present will become employed only as the Australian economy is stimulated. [More…]
The election ought to be fought on the Government’s performance in relation to the economy. [More…]
I mean by ‘industrial stability’ that there will be a growing and expanding economy. [More…]
The kind of thing that will be required in this economy in the years ahead is the planning of the total activities of the economy, not just letting things drift hopelessly along, hoping that something will turn up. [More…]
The economy expands when those sorts of things are looked at comprehensively and not in bits and pieces. [More…]
That is the besetting sin at the moment of the Australian economy. [More…]
I can assure the House that this is one thing that will change tinder a Labor government; we will not go into a court and say that because nothing has been done about prices the worker is not entitled to get some additional increment by way of higher wages As my colleague pointed out, how could we take off the market the goods that the farmers produce or the goods that the factories produce unless there is adequate real purchasing power in the hands of the 90 per cent or so of the people who are classified as wage and salary earners who are losing out in the equation because prices are rising faster than are wages and because real consumer standards are declining and being reflected in the ill health of the economy. [More…]
Australians as a whole will see the response of these corporations as a real test of how much they are concerned about the welfare and the stability of the Australian economy and the Australian community. [More…]
They will get the shorter working week at the cost of damage to the economy of this country which, when selling its products, has to compete with overseas countries. [More…]
It was said by Opposition speakers that there were no dire effects on the economy when the standard working week was reduced from 44 to 40 hours. [More…]
The consistent productivity increases being recorded by American firms using the 4/40 system could indicate that these hours are the boost the Australian economy requires . [More…]
It would be a challenge to our economy and, I think, salutary, but at best it is doubtful if revaluation is a practical answer to these problems. [More…]
Obviously we cannot have a high level of both, so where is our economy? [More…]
The Australian economy over 9 months may be overvalued. [More…]
The Australian economy over 5 years certainly was not overvalued. [More…]
Since these conditions are no longer as stringent as they were, has any review been undertaken by the Treasury to ascertain whether it might be advantageous to the Australian economy and future Australian trade to relax current restrictions, as may be appropriate, and perhaps even to hold out some incentives to Australian companies - I repeat, Australian companies - to invest at this time some capital in branch enterprises among our neighbours? [More…]
It is possible, too, that there may need to be some changes in the institutional framework in which the world economy has functioned over the last 25 years. [More…]
We know from our past experience that you never get good employment figures out of a sick economy. [More…]
The application of tariffs may create employment in some industries but this is always paid for by employment lost in other industries such as the user industries and those industries the competitive position of which is limited by a sick economy or is limited by unwise tariff protection. [More…]
The Prime Minister repeated the views he had expressed in Adelaide last month when he emphasised the Government’s recognition of the important place occupied by manufacturing industries in the Australian economy. [More…]
It seems to me to be another example of this Government not being able to run its own affairs and not being able to plan the economy in any way. [More…]
Manufacturing industries in Australia are an important part of our economy. [More…]
I believe that that is the threat the Government was able to use and did use deliberately to bring about an industrial dispute which threw a lot of people out of work and which caused a lot of dislocation of the Australian economy. [More…]
This has been its attitude at times when the Labor Party has had great leaders - I will give it credit for that - men who have come up through the ranks and who understand the problems of employment, industry and keeping the economy going. [More…]
At present this assistance is on a very narrow basis, but if we are to increase our exports of manufacturing goods the increase will be in those products which have been the result of research to meet needs which differ from the normal needs that are generated within the Australian economy. [More…]
Their members are finding themselves having to cope with a cash economy, to become accustomed to a radically changed diet and to learn aspects of hygiene not previously relevant in their nomadic existence. [More…]
In fact, I suspect that they are treated like the other people who travel west on economy class. [More…]
Perhaps this is because, unlike national servicemen and economy class politicians, administrators travel first class and are reasonably well looked after. [More…]
In view of the fact that these aircraft do not provide the services that are provided on the major airlines, some consideration should be given to what might be termed economy fares for economy class travel because economy travel in the larger aeroplanes is very much better than travel in a Twin Otter. [More…]
The simple fact is that no-one at this stage is in a position to make any precise forecast of the level of unemployment during the last months of this year or the early months of next year and suggestions that unemployment will rise to the levels forecast by the Opposition are speculative, misleading and do nothing at this stage other than undermine confidence in the economy. [More…]
This lack of confidence can be attributable partly, as the honourable gentleman suggests, to what can be described as the 2 major running sores in the Australian economy - industrial unrest and, secondly and more particularly, the high cost of labour. [More…]
At the moment the Loan Council is concerned only about State programmes and the amount of money that the Commonwealth believes it is possible to raise in the total economy after taking out amounts for defence loans, if it is necessary to have resort to any such finance. [More…]
One of the rather grim things in this whole pattern - one of the Bills before us today deals with it - is called capital assistance, which gets down to this very murky realm of the burden of interest in the Australian economy in total. [More…]
These figures are important in the totality of the functioning of the economy. [More…]
With counterorders and cross-orders and so on one sees how totally integrated an economy really is. [More…]
If anything indicates the present paralysis of the economy in Australia, it is the failure to co-ordinate the capital plans of expansion of the public and private sectors, and the Australian economy in total is suffering in consequence. [More…]
I think that it simply highlights how inadequate existing arrangements are that in an economy whose aggregate transactions exceed $36,O00m, and where the amount that comes within the net of Commonwealth activity is close to $ 10,000m, services at local and State levels should be prevented from being provided because of the lack of sums as small as a few hundred thousand dollars at one level and $lm or so at the other. [More…]
As the Minister has said, softwood plantations are an important part of the present and future economy of Australia. [More…]
If we want to generate a stimulus in the economy we should give a stimulus to the home building sector of the building industry and its associated industries, which include home appliances, curtains, carpets and so forth. [More…]
It is time this Government really gave a stimulus to the economy through both the private and the public sector of the building industry. [More…]
I do not think anybody would deny that an extra $45m would flow into the economy to spend in other worthwhile ways, on hospitals, schools and all the things that everybody wants. [More…]
1 think that if we compare this $20m being made available and what it might do to the depressed rural sector of the Australian economy with the SI 00m to be allocated over a 4-year period for rural reconstruction purposes, we find that within 2 years of the commencement of the operation of this scheme the money will be completely expended. [More…]
With more satisfactory prices being received for most primary products the attention of the producers and the Government alike must in my opinion turn to 2 very important phases of the economy of export industry - the containment of costs on the one hand and marketing procedues on the other. [More…]
As a matter of fact they are a major contributing factor to the economy of many country cities and towns. [More…]
I believe that if that clothing factory was to close down because of imports the Minister would be very sorry because Lismore’s economy would drop rapidly. [More…]
It would create such uncertainty across Australia in terms of our own currency, in terms of our own investment and especially in terms of our own export industries, as to create a disadvantage to the Australian economy which would reach right into the heart of a number of capital cities. [More…]
The economy of Western Australia has changed very significantly in the intervening years. [More…]
He said, ‘The general feeling is that there has been an upturn in the economy and the business community in general is confident that there will be a progressive improvement. [More…]
As I mentioned in the early part of my speech, the Australian wool industry is of vital importance to the national economy and must be preserved. [More…]
As I have stressed so many times before in this House, the relevant comparison to make is to relate the amount of money being provided in pension payments to the average standard of prosperity being provided in the community, measured by average weekly earnings which cover more than the cost of living increases but also include the capacity of the economy to provide a higher living standard. [More…]
This upsurge in unemployment is being created by the purposeful objectives of the Government applying orthodox Keynesian measures to try to dampen down the economy, to control inflation. [More…]
There is a definite incentive for the Government, when it keeps unemployment benefits low, to use people - workers and those least able to defend themselves in this situation - as pawns to be sacrificed in the ham-fisted economic controls used in the Australian economy. [More…]
He talked on about the economy and unemployment but did not have one word of praise or respect for the provisions of the Bill. [More…]
We had, I think, all expected a good Budget, one that would stimulate the economy and assist those in need. [More…]
One of the most obvious weaknesses in the economy, however, has been the lag in consumer spending. [More…]
There are tables for both industrialised and less developed countries, and the changes in the cost of living around the world are set out in tabular form, starting with the country whose economy has been depreciated least by inflation over the decade from 1960 to 1970. [More…]
They draw such payments from the productive capacity of the economy and in many respects they do so because of a kind of social contract - that they have wrought in their years of strength to make the economy of the nation what it is and any humane society believes that these people should be provided for adequately when they retire. [More…]
This is a record of efficiency and economy in administration that any government department would envy. [More…]
In the manufacturing and tertiary sectors of the economy everyone wants a 35-hour working week, and there is no doubt that everyone will get it in the next few years. [More…]
Another unreasoned agitation is for tariff cuts which would be damaging to the whole economy in the same way. [More…]
I suggest that the same comment applies to Australia, that farms of particular kinds are of tremendous significance to the Australian economy not only because they provide a means of livelihood for a relatively small number of people but also because of their export earnings. [More…]
They were the high level of capital inflow and the potential problem that creates for managing the domestic economy; the suggestions of exchange rate speculation to which such inflows give rise, and the possible consequences of that; and, the sheer growth of foreign ownership and control of important elements of our economy. [More…]
That is, the overseas capital was being used to add to the resources available in the economy. [More…]
In brief, in the past 2 years, capital inflow has resulted chiefly in a build-up of international reserves rather than an addition to resources actually being used in the economy. [More…]
The principal impetus of the Prime Minister’s statement is not directed towards the long term question of the development of Australian resources but to the short term management of the economy. [More…]
The right honourable gentleman has made one proposal relating to foreign takeovers which is relevant to the question of overseas ownership and control and he has padded it with short term adjustments designed to alleviate the embarrassment of our international reserves and to dampen the immediate problem of liquidity in the Australian economy. [More…]
In view of the devastating effect of high shipping freights on Tasmania’s economy, with firms forced out of business and others discouraged from crossing to the island, will the Government as a matter of extreme urgency repeal section 18 of the Australian Coastal Shipping Commission Act thereby releasing the Australian National Line from the necessity to make a profit? [More…]
Is the Minister aware that the ANL moves 85 per cent of Tasmania’s inward and outward trade and therefore has our economy by the throat and that without sea freight relief the island is heading for economic stagnation, in spite of the excellent work of the Reece Government? [More…]
I do not know how an island with an island economy, which is as isolated as Tasmania is and with a population of under 400,000, can continue meeting this type of freight rise. [More…]
If the Government will do something about stabilising and subsidising freight rates, Tasmania will have to look for other ways of trying to strengthen its economy to make it viable. [More…]
But I think we must operate within the bounds of reality, because surely if we were to ask the Commonwealth and the people of Australia to go to such lengths to obviate the real or imagined disadvantages of the Tasmanian economy it would apply equally to other apparently or thought to be denied or disadvantaged regions of the country. [More…]
There is a danger that the economy of the township of Harcourt as a whole will be effectively subverted by what is being allowed to happen in the fruit industry without assistance from the Commonwealth Government. [More…]
This industry is a basic prop to the economy in my electorate and any decline in the industry is a threat to the economy in that area. [More…]
The Labor Party has given a solemn undertaking that because of technical education’s close connection with the economy of the country, to say nothing of social, educational and cultural aspects, a Commonwealth Labor government would take over responsibility for this level of tertiary education, as with other levels of tertiary education, thus relieving the States of their commitment and enabling them in turn to use the resources thus released from tertiary education for pre-school, primary, secondary and special education. [More…]
Australia accepts migrants because it is believed that they will make a contribution to our society and our economy. [More…]
Because of its mobility and its greater adaptability the migrant work force has provided the economy with a greater flexibility and responsiveness. [More…]
Migration has facilitated and encouraged increased industrialisation and diversification of the economy. [More…]
The Australian economy would lose a major source of skilled and other key workers. [More…]
It concerns the effects of Labor’s .immigration policies on the Australian economy. [More…]
Whichever sponsorship conditions applied Labor’s policies would result in an immediate sharp check to the economy. [More…]
that creates for managing the domestic economy; the suggestions of exchange rate speculation to which such inflows give rise and the possible consequences of that; and the sheer growth of foreign ownership and control of important elements of our economy. [More…]
In brief, in the past 2 years, capital inflow has resulted chiefly in a build-up of international reserves rather than an addition to resources actually being used in the economy. [More…]
Why has it been giving such large approvals when it drew attention as far back as 1971 to the threat to our ability to control our economy internally by reason of the large amount of capital inflow? [More…]
At the moment we have a surfeit of capital in Australia because the economy has been running down. [More…]
In the long run this is the sort of thing that makes the Australian economy tick. [More…]
I think the great danger in Australia is that although it seems we hardly need that money, we have allowed $1 in $7 to dictate the pace and direction of the development of the Australian economy. [More…]
There is no Australian ownership at all in basic strategic sections of the economy. [More…]
The benefits which the Australian economy will receive from the Government’s new guidelines can be essentially summed up under 2 headings; Firstly, by controlling the flow of overseas capital into Australia it will make possible a more effective management of the economy; and secondly, it will establish a set of criteria with which overseas companies must comply in order to make their investment in this country acceptable. [More…]
Overseas capital, of course, always finds its way into the most lucrative industries and ignores those sections of the economy which are of most benefit to Australia but which are necessarily less profitable. [More…]
Can any member of this House tell me what is the benefit to the Australian economy of this type of portfolio investment, that is, investment by residents overseas in Australian securities? [More…]
What new resource does this introduce into the Australian economy? [More…]
It is quite obvious that unless some serious re-thinking of policy occurs within the Government benches, the situation which has developed so dramatically in the last few years will continue to do great hurt to the Australia economy. [More…]
It is the strength of our economy - the growth that has occurred with the aid of overseas investors - that enables us now to make this quite fundamental change. [More…]
We ourselves set up the Australian Industry Development Corporation which in the short time it has been established has already demonstrated its value to the economy. [More…]
As a result of this, $18m a year is pumped into the economy in that area. [More…]
The Treasurer (Mr Snedden), in his Budget Speech, talked of a 3 per cent growth rate in the economy. [More…]
In our efforts to do so it would be wise to remember that the climate and the rural economy have never attracted large numbers of people to the small population centres of the inland. [More…]
He has not got so far as to put 2 and 2 together and realise that this is absolutely the best means of achieving the reverse of his first objective* Perhaps some time he and the people who help him with these matters will put the whole thing together and decide whether they are going to go for balanced development so that the environment is seen in the perspective of economy and vice versa, or whether they are going to keep them absolutely separate and therefore almost totally meaningless. [More…]
These costs are not only direct money costs - they also relate to the effects decisions on evironmental matters have on our domestic economy, on the provision of jobs, the availability and cost of resources, the effects on foreign competition both at home and abroad, and the cost and prices of goods produced in Australia. [More…]
We need 2 things in the future - a healthy environment and a healthy economy. [More…]
The achievement of a healthy environment is dependent for its very lifeblood on a healthy economy. [More…]
All this leads to my second warning, and this ls specifically directed at those who see the cause of our problems as being the growth economy and the onward march of science and technology and who advocate as a cure the restriction or abolition of our dependence on technology, the cutting bask of an economy based on growth and the introduction of extremely harsh environmental legislation. [More…]
Firstly, as I have said already, the economy and environmental action are irretrievably intertwined. [More…]
Whilst we can argue about the distribution of funds within our economy, it must be realised that changes will cost a lot of money, and these cannot be paid for simply out of company profits. [More…]
If there is no expansion of output within the economy roughly equivalent to the cost of cleaning up the environment then, of course, that cost can be met only by cutting down on other sectors of the Budget. [More…]
The only way out of the dilemma, is to expand the economy, with its consequent risks to the environment. [More…]
If we as a country are to become a world power with a strong voice in the management of world affairs we must improve the efficiency of the economy we already have and want, and we must make better use of what we possess. [More…]
Both stressed the need for balance in environmental considerations and said that we must balance the needs of the environment against the needs of the economy and try to see that the two march hand in hand together. [More…]
When I spoke I made the point that we did not want to see a dominant economy like that of the United States of America being able to export capital without limitation on balance of payment constraints and that therefore the situation for Australia was vastly different from that of the United States. [More…]
As to the future trend, I think that those figures - as the honourable gentleman will realise - show that there was an inherent recovery in consumer spending in the economy then existing. [More…]
The Treasury estimates that for the whole of this financial year the economy will grow at the rate of about 5 per cent on constant prices, which means to achieve that over the year the rate of growth from now on will have to be at a higher level than 5 per cent. [More…]
As this higher growth rate continues so all the slack in the economy will be taken up, the unemployment rate, which has been too high for our purposes and for community and social purposes, will diminish’ and the general tenor of the economy will be one of great activity. [More…]
Further the phasing-in of a 35-hour week over a period of years could lessen the impact on the economy. [More…]
I am very strongly of the opinion that wage and salary increases should bear a relation to the increase in productivity, and the Commission should have to take into consideration the effects of any decision it makes on the economy as a whole and not simply on the industry concerned. [More…]
No party which seeks to govern this country in years ahead, I believe, is fit for office when it seeks to generate gloom and despondency and to impair Australia’s economic growth at a stage in this country’s economic history when the central question is that of confidence in the economy. [More…]
In 1971-72, even including special loans that were made to try to stimulate the economy and including the new Commonwealth and State Housing Agreement last year, the figure was only 1.82 per cent. [More…]
A reduction in Government dwelling and nondwelling contraction was a deliberate policy, announced in the 1971-72 Budget, when it was considered that restraint in Government expenditure was needed to help contain inflation in the economy. [More…]
A more direct and immediate effect could have been obtained on the economy generally by stimulating the housing sector- by measures to reduce land prices through greater allocations for provision of essential services; by taxation and/ or direct subsidies to reduce effective interest rates on housing loans: by special allocations to assist lowerincome families to obtain homes. [More…]
The home building industry of Australia needs an immediate stimulus, firstly, so that young couples can obtain housing and, secondly, to stimulate the economy. [More…]
At the present time housing is a bright spot in the Australian economy, despite continually rising costs, which remain a disturbing feature. [More…]
I believe that the families of Australia are being forced into a 2-wage economy. [More…]
An inherent problem encountered when investigating the long-run distribution of relative shares in a market economy is the changing structure of the economy in the long term. [More…]
To overcome this problem of aggregation, Mr Tilling adopts a technique developed by Phelps-Brown, the effect of which compensates for the changing structure of the economy. [More…]
As outlined previously, there are 6 different statistical bases used for the study varying according to the base year used and the adjustment of the series for changing structural composition of the Australian economy. [More…]
Within these series, the economy on which the calculations are based is presented in various stages of disaggregation, from the total economy - the interdependence approach - to the economic base which represents 63 per cent of the employed work force. [More…]
It has been wrong in relation to the whole of the economy of the country. [More…]
This has been reflected in country areas and the rural economy generally. [More…]
The chairman and board members of the new Corporation face a formidable task of vital importance to all individual wool growers and to the Australian economy. [More…]
I would quite willingly vote for an acquisition scheme if I thought it would give me either a higher price for my wool or greater handling economy. [More…]
EWP is selling every 2 weeks and if it continues to increase in size, as I expect it will because of considerable handling economy, I should think that it will quickly move on to one sale every week. [More…]
In the last 3 weeks we have seen dramatic increases in wool prices and a dramatic change in the economy of wool. [More…]
1 might say, in relation to apples and pears, that a solution of the problem is a matter of almost life or death to the economy of Tasmania. [More…]
Of course, the encouraging and significant trend which has taken place in the employment market reflects the resurgence in the Australian economy. [More…]
The major economic indicators - I think of bank lending, retail sales and residential and non-residential approvals - all point to the fact that the economy is rapidly developing momentum and the portents are encouraging for the future. [More…]
There are those in some States who think that this Bill does not give them the opportunity for the future which they and the dependence of their State on the economy of a particular sector might justify. [More…]
The whole objective of this subsidy legislation was to make provision for a reduction in the price of nitrogenous fertilisers in Australia, particularly in an economy in which costs were excessively increasing. [More…]
I regret that we have to get an imported product simply because the quality of our locally manufactured product is just not satisfactory to the growers or because, as a matter of economy, it is not possible to use it at all, as has been pointed out in this debate. [More…]
The socialist government, theoretically perfect, decided that the way to organise the economy was to get a committee of experts which would determine how much oil would be required 10 years hence, how much electricity would be required 10 years hence and how much coal, coke and other fuels would be required 10 years hence. [More…]
While it may be valid in the terms in which he put it, I do not think I agree with him to the extent that I did concerning the desirability of considering gambling propensities in the economy of the States. [More…]
There is a completion grant which adjusts that advance grant in retrospect and in relation to the correctness or otherwise of the assumptions made about the economy for the year, the result being, for example, that the advance grant for 1971-72 is accompanied by and adjusted by the completion grant for 1969- 70, which was 2 years previous. [More…]
Australians, as a whole, will see the response of these corporations as a real test of how much they are concerned about the welfare and stability of Australia’s economy, and of the Australian community.’ [More…]
It is a matter of great interest to Victoria because the utilisation of its brown coal reserves is of vital importance to the economy of the State. [More…]
The link road from the Tully district to the nearest beef road would provide a quick means of communication for trade and tourism from the tablelands to the coastal centres and this in terms of domestic economy would be invaluable. [More…]
In terms of economy in the national interest, the forestry scheme and the link roads system I have mentioned would provide a valuable asset in the long term. [More…]
Finds of petroleum at Barrow Island, Moonie and in the Bass Strait have made a great impact on our economy and have saved Australia millions of dollars in foreign exchange. [More…]
It is the case that a great deal of the Tasmanian economy since the First World War has come to rely upon and relate to the Hydro-Electric Commission. [More…]
As I have said, the economy of Tasmania depends greatly upon the developments which are undertaken under the auspices of the Hydro-Electric Commission. [More…]
In fact, as I said earlier, the failure to develop bulk power demands in the way in which they were developed during the interwar period and the immediate post-war period will have a very considerable impact on the economy of the State of Tasmania. [More…]
It never fails to amaze me to see the attention that is given by the Press and other sections of the media to proposed takeovers of what I call the petty cash sector of the economy, namely, companies such as Ansett Transport Industries Ltd, Travelodge Australia Ltd and Kiwi Australia Ltd. [More…]
Timber production features prominently in the economy of that area. [More…]
It makes it necessary for us to achieve the greatest possible efficiency and economy in transport operations. [More…]
Against this background of the absolute dependence of the Tasmanian economy on shipping services, I want to look at the record of freight increases on these vital services in recent years. [More…]
The barden is fast approaching the point where it must inevitably cripple the Tasmanian economy. [More…]
The cost of sustaining a permanently deprived and depressed economy in future years would be immensely greater in social welfare terms than the assistance which should now be given for essential shipping services to Tasmania. [More…]
Are we serious in trying to build the economy of the countryside so that there will not be a continuation of the sort of condition which has existed in this country over many years past? [More…]
We know of the stagnation in the rural economy but quite frequently we overlook the unhappiness, the sadness and the distress of people who live in the countryside, the people who are out of work because of mechanisation in the rural industry, because of a fall off in farm income, and because of the. [More…]
But we have to look at the overall problem of our nation and countryside, the need to build our economy and the question of our resources and resource development. [More…]
Is it not logical that we should use this great resource for the development of the interior, to stimulate industry and give people the opportunity to develop the economy of the country? [More…]
The economy and development of this country since 1788 have been dependent upon the formation of those 6, or now 7 if you like, capital cities. [More…]
These not only are labour intensive, and therefore a boost to ‘the economy, but most importantly to many groups in the community - such as dentists and doctors, who are in short supply in country areas - to have an institution like this alongside ‘the Bendigo Institute of Technology, the Bendigo Teachers College or the School of Nursing would also act as a positive incentive for people to come to Bendigo and to stay there. [More…]
I am sure this would be a very significant boost to the economy and cultural development of Bendigo. [More…]
That is worth about $400,000 a year to the Island’s economy. [More…]
In this way we could set a pacemaker effect for this sector of the economy - and it is an important sector. [More…]
1 want to direct to the attention of the Parliament the difference in return to the airlines between the first class and economy class fares. [More…]
In the economy class there are 5 seats to a row at $27.30 a seat. [More…]
I ask the Minister why the airline receives a greater return from economy class passengers who are seated 5 to a row, than it does from first class passengers who are seated 4 to a row. [More…]
If first class passengers want the comfort of only 4 seats to a row, the airline should get a greater return per row of seats from the first class passengers than it does from the economy class passengers. [More…]
These industries which are established in country areas, particularly in New South Wales and Victoria, provide employment for ladies in these areas and also are of considerable assistance to the economy of what are otherwise relatively small towns. [More…]
Nevertheless, when one takes into consideration the criteria of efficiency, economy and so on perhaps sometimes their criticisms are justified. [More…]
It has now become obvious that, as our economy becomes more mature, there is a greater understanding amongst manufacturers that they are paying die costs of unwise tariff protection on their raw materials. [More…]
Compared with Australia, Swedish shipyards pay higher wage rates, are part of a smaller domestic economy, have no substantial cost advantages in major raw materials and machinery and enjoy less Government assistance than the Board proposes for Australian yards. [More…]
It imposes terrific costs on the Australian economy. [More…]
We are really pricing ourselves in a tragic way out of the Australian market and imposing a grievous burden on the economy. [More…]
We are all now starling to realise that not for any particular group of people but for the economy as a whole we must have a clear eyed approach to the way in which we assist our industry, knowing that unwise tariff or subsidy protection carelessly applied will be at the expense of our economy as a whole and will reduce employment in sections of it. [More…]
The fact that we have restrictive practices legislation, monopoly controls and takeover or merger legislation is an indication that in terms of the total economy we can no longer allow industry or industrialists to please themselves entirely about the scope of their activities. [More…]
It is produced in the name of one of the Ministers of the Canadian Government and contains a very great deal of useful information about the functioning of the Canadian economy, and particularly about the amount of that economy that is owned by interests outside Canada. [More…]
When we have as sophisticated an economy as we are supposed to have, it should need no assistance from outside. [More…]
We need developmental money, money building new industries but not money coming in for portfolio investment purposes or takeovers, or money really adding nothing to our economy but giving foreign people ownership of Austraiian property. [More…]
No direct information is available from official sources on foreign participation in other sectors of the economy. [More…]
Hot money, speculation in exchange rates and real estate and portfolio investment only create over-liquidity in our economy with consequent inflationary pressures. [More…]
Portfolio investment - which, as I said earlier, gives nothing whatsoever to the economy of this country - and institutional loans had grown from $76m in 1961-62 to $516m in 1970- 71. [More…]
We will not have the economy of this country jeopardised by a half-baked but firm measure which will tie irrevocably all aspects of foreign interest in this country because, as I have said, in so many respects we could not have done without this foreign interest in the past. [More…]
Above all we will not jeopardise the economy of this country. [More…]
We need to know these things because already serious damage has been done to the Aus tralian economy. [More…]
If the Federal Minister for Shipping and Transport, Mr Nixon, had decided to order timber instead of concrete sleepers for the Transcontinental rail line on the ground of economy his decision would have been understandable, if regrettable. [More…]
This is the difference between the way in which we administer the private sector of the economy and the way in which the Labor Party would administer it. [More…]
Will the Minister make clear to the House that the introduction of a 35-hour week at this time would have a disastrous effect upon the economy, particularly the rural economy? [More…]
It is well known that the Japanese have a mighty and increasing grip on Australia’s economy because of our dependence on Japan for export outlets. [More…]
I believe that in the future we will see a greater role played in the Australian economy by our northern resources. [More…]
I believe in the future we will see a much greater contribution to the economy being made by northern resources than we have seen in the past. [More…]
Despite the tremendous contribution which the resources of northern Australia are making to the economy of Australia, too frequently the great profits from these resources are milked away into southern areas or to overseas countries. [More…]
A Liberal-Country Party government, or one of a similar political complexion, always had to come in and resuscitate the economy. [More…]
I believe it is still the greatest factor in maintaining the stability of our economy in these days. [More…]
In developing the Australian economy my advisers will be seeking close participation by all sections of the community. [More…]
Such an approach develops from the view that our economy is static; that we must take from one to give to another. [More…]
It is well known that the economy of Queensland relies heavily on minerals and it would be abhorrent if there were any truth in the rumours that go slow tactics will be employed by this Government against Queensland because of the Premier’s stand. [More…]
They have ricocheted from one ad hoc method to another to control our economy. [More…]
This is one area which is first hit when there is the slightest slump in our economy. [More…]
The development of advanced technology is essential for the welfare of Australia and for the development of our economy. [More…]
Whether in the area of the economy, the area of industrial relations or, in terms of the censure motion which was moved today, the international area, this is a government led by a man who is prepared to sacrifice national interests to the dictates of party policy, a man who cannot give an effective lead and a man who cannot lead this country into the mid 1970s and beyond simply because he is not captive to the Parliament or subject to the Parliament as he ought to be, but rather is subject to many people outside of it upon whom he depends. [More…]
The agricultural machinery manufacturing industry, the manufacturing of trucks and cars, steel fabricating and many similar industries all feel the immediate effects of the economy of the country districts. [More…]
The first matter is the critical and urgent necessity for the construction and completion of the Julius Dam to supply water to the city of Mount Isa and the huge mining complex there which contributes in so many ways, not the least of which is the employing of many thousands of Australians, to the national economy. [More…]
From 1949 to 1972, this country became known internationally as the lucky country and, although from time to time there may have been the odd blemish and the room for improvement which can always be found in every environment and in every economy, I am quite sure that my friends and colleagues on both sides of the House will agree with me that Australia knew great development and prosperity in those years. [More…]
Not only will the abolition of the means test mean that our elderly citizens will enjoy a better standard of living but it will also mean that many people who are in receipt of retirement benefits will be able to continue to make a significant contribution to the Australian economy - at least on a part time basis. [More…]
This does not mean that our economy needs to be in the grip of an iron bureaucracy, but rather that those people who at present manipulate the economy for their own selfish benefit will have to be satisfied with a reasonable profit for initiative, skill, and the use of their resources. [More…]
Holt is in fact so clearly representative of Australian life in its economy and sociology that the sorts of things I believe are necessary in my electorate are those things for which the entire Commonwealth seeks progress and direction. [More…]
The Minister for Overseas Trade (Dr J. F. Cairns), seeing an incapacity to fulfil promises, has resorted to the incredible claim that it is all the economy’s fault. [More…]
The interests of country people and the future of rural industries as part of the national economy are my immediate concern. [More…]
Once it suggested that a small increase would not be outside the capacity of the economy and once it said that it supported a moderate increase. [More…]
Increasingly in economic circles the simple wage-push explanation of the cause of inflation, so beloved by employers and the previous Government, is being replaced by a realisation of the very important role played by external factors in the economy. [More…]
The economy of the area, based as it is on agriculture and employment in various industries which serve agriculture and on export manufacturing and processing, has been dealt a savage blow by what is termed revaluation. [More…]
The history of agriculture over a century and a half on the Downs, subject as it is to all manner of pressures from economy, science and philosophy, has left its marks with erosion. [More…]
These criteria take into account other changes in the economy that have taken place. [More…]
When action is taken on the recommendations of these interdepartmental committees - action has already been taken in some cases and will be taken in others as soon as the decisions are properly made - the effect on different sections of the economy also will be weighed. [More…]
The Government’s ability to increase pensions is restricted at this time by the fact that the people who now sit opposite have left the economy of this country in an appalling mess. [More…]
The Country Party is further concerned with the implications of Labor’s social security programme on the total economy in the long term. [More…]
This helps to weaken and even destroy the economy. [More…]
under this Government’s proposals but I warn the pensioners that financial expenditure on social services cannot be viewed in ‘ isolation from the general economy and the rest of the Budget. [More…]
But in making this provision, we on this side of the House are concerned that the methods used do not destroy the will and desire of those who, with encouragement and assistance, could lift themselves and their families from a position of being dependent on the rest of the community to a position where they are making a positive contribution to the economy. [More…]
I think the House should agree that the Government that went out left the economy in a very good state and it left great reserves - and we should be glad of this - which will enable a forward social service policy to be conducted. [More…]
The effect of the new Government’s wide range of policy initiatives, grants and sundry expenditures - no matter how meritorious each of them may be individually - will be an exacerbation of the inflationary trend in the Australian economy. [More…]
Measures have been taken by the Whitlam Government to reallocate resources in the economy by 2 revaluations, the first unilaterally against all currencies last December by the Prime Minister (Mr Whitlam), the Treasurer (Mr Crean) and the Deputy Prime Minister (Mr Barnard) without reference to Cabinet, and the second against the United States dollar by not following the United States devaluation. [More…]
These actions will have far-reaching and detrimental effects upon the economy as a whole. [More…]
World wheat prices have reached record levels but, when supply comes closer to demand, when better seasonal conditions obtain throughout the world, then we will feel the full blast of these decisions on the economy. [More…]
What is even worse is the deliberate plan to transfer resources from the wealth-producing sector of the economy to other sectors dearer to Labor’s heart. [More…]
But before dealing with him and his shallow analysis of the Australian economy I should like to deal with the position which exists in the Goulburn Abattoir. [More…]
The Organisation for Economic Co-operation and Development has recently published an impartial expert survey of the Australian economy - the first such survey ever. [More…]
Australia entered the 1970s with an economy stronger and more dynamic in many respects than a decade earlier. [More…]
I believe that we have to face up to the fact that irrespective of industrial progress in Australia we are still vitally dependent upon primary production for our export earnings and for the stability of our economy. [More…]
It seems to me that we have become obsessed with our high overseas reserves and balance of payments situation, and we are allowing this to become the dominating factor in our whole approach to the management of the economy. [More…]
One of the current myths of .politics is that the Government has inherited an economy without the massive problems that dogged previous Federal Labor governments. [More…]
We live in a capitalist, semi-planned economy. [More…]
For such an economy to perform best, there is a need for market forces to operate in many sectors. [More…]
But the same failure of economic structure and decision-making machinery is evident in most other areas of our crisis-ridden economy. [More…]
Corangamite (Mr Street), The goodsproducing sectors of our economy need special consideration. [More…]
The major problem relates to transport, both passenger and freight, and the shipping costs involved which affect the whole State’s economy. [More…]
We have a duty to do so, and I have a duty to do all I can to ensure that the Government does increase its spending in Tasmania, for employ ment reasons and for the economy in general. [More…]
The first question may relate to Aborigines, the next to the state of the economy and the third one to immigration. [More…]
The Government’s actions will have a big effect on the economy and on many people throughout the nation. [More…]
If one projects the figures to the point at which the Government reaches its goal, bearing in mind the proposal to do away with the means test, the cost to the economy will be in the vicinity of an additional $ 1.000m. [More…]
It affects every facet of the Tasmanian economy. [More…]
The import charges on goods from the mainland affect Tasmania’s economy to a terrifying degree. [More…]
Tasmania’s economy is largely dependent upon one single factor, the ever increasing and escalating freight factor. [More…]
Older honourable members will recall that many years ago growers were urged to grow more wheat in the interests of the economy of Australia. [More…]
Last night I spoke of the effect on the Australian economy if the present Government should, on 30th June, do away with the export incentive scheme. [More…]
If it pursues this course, as it seems determined to do, then if will discover that it is seriously damaging - indeed it has already - the productive and export base of the Australian economy, not to mention the Australian people who depend on that base for their living. [More…]
I would like to develop for a few moments the general principle underlying the Corporation because I believe that government risk-taking organisations could play a larger role in our total economy than they do. [More…]
The principle of basing risk taking on proper economic considerations, I believe, deserves a great deal of consideration to insulate these other areas of our economy, some of which have caused great difficulty over the years. [More…]
I think it is particularly important that we should look at the economy as a whole and examine the effect which our policies will have on all exporters and producers in this country. [More…]
The proposed legislation is another step on the way to regulating the economy. [More…]
This is because the British economy is more geared to exporting, is more sophisticated and has had more development. [More…]
The people who are suffering the most from the effects of that side of the economy are not the producers of these commodities but the consumers in Australia who have to pay fantastic prices for meat, for example. [More…]
Also, indirect tax or sales tax can be used as a government policy for expanding or constricting the economy. [More…]
I do not see how we can properly control our economy if we do not control all the factors that operate within it. [More…]
But it encourages and promotes all sorts of actions affecting the economy as a whole, such as unlimited wage increases, the 35hour week, 4 weeks annual leave and many others. [More…]
My grievance today is directed at the simplification of the effect of revaluation on the economy. [More…]
The Australian economy had reached a crisis by September of last year in which our overseas reserves had reached an unprecedented $4,500m, compared with the $l,500m normally accepted as adequate to service our import requirements. [More…]
Internally, the capital flow from overseas had a major inflationary pressure on our economy. [More…]
This is due in no small way to the fact that our economy is strong and our currency is highly respected throughout the world. [More…]
I believe that the way economic forces are mobilising in an economy in which we are getting larger and larger aggregates of economic ownership and greater concentrations of employment within those larger industries, it is becoming very difficult to identify with any degree of rationality what an individual’s contribution is to the economic process. [More…]
It is important to try to anticipate what the broad economic effects of this measure will be, because anything that has a significant effect on the housing industry has a big effect on the economy as a whole. [More…]
Because of the great role of the Commonwealth Savings Bank in the housing industry, it will have a profound effect not only on the housing industry but across the entire economy. [More…]
There have been, and I assume there will continue to be, difficulties - for example, in adjusting to a cash economy or in becoming accustomed to a radically changed diet. [More…]
Such a title virtually renders his land valueless in a society where the Aboriginal is becoming increasingly involved in a cash economy. [More…]
The only official reports which I am aware of have been compiled by the Commonwealth Statistician and referred to the mining industry, the manufacturing industry and some other sectors of the economy. [More…]
There have been quite a number of non-official but nonetheless authoritative and reliable reports on the degree to which concentration exists in the Australian economy. [More…]
While not drawing any conclusions about how this cross relationship was used nonetheless the inference is clearly there that even if it is not used it is capable of being used to regulate the operation of the economy. [More…]
Personally I am not gravely alarmed about the existence of concentration of economic power if we are .talking about, for instance, monopolies or oligopolies in the economy because in Australia I believe there is a sound case for large scale production to achieve economies of scale. [More…]
What is essential in those sorts of situations of course is to guarantee that there is sufficient competition within the economy to make sure that the monopolies or oligopolies are not exploiting and abusing their position of economic dominance. [More…]
In the tertiary sector, of course, it is more difficult to achieve competition between the various elements in that sector and Miss Lampe, 1 have noted in the ‘Australian Financial Review’, many times has pointed out the seeming absence of real competition, for instance, between insurance companies, although I am sure they are not the only institutions in the economy and in the tertiary sector which are able because of the complexities, in that case, of their operations to avoid real competition. [More…]
issue and diverting attention to what undoubtedly will be said to be the misdoings of business and of various (firms in the economy. [More…]
So, whilst we may be able to continue to do this for a while, unless the Government reapplies monetary discipline over the entire economy there will be more and more cost and price rises and huge extra payments for wages which, even recently, greatly exceeded productivity and the capacity of the economy to pay for them. [More…]
But before I deal with those, Mr Deputy Speaker, may I ask you to look at the kind of economy that was inherited by the Labor Government when it took office. [More…]
When you look at the figures that have been presented, and particularly when you note the dates, unmistakably, even you, Mr Deputy Speaker, must ask who was responsible for the happy state of the Australian economy today and which Government was responsible for the development and the progress now taking place. [More…]
Shortly I shall turn to the future of the economy, but before I do so, may I mention 3 problems and give a partial answer to each one of them. [More…]
In other words, I think it can be argued, and argued pretty conclusively, that unless there is coordination rather than independent action by 27 Ministers galloping off in different directions at the same time inevitably it will be found that there is a lack of Treasury control of the economy, with all the difficulties that that problem can cause in terms of inflation. [More…]
Finally I refer to the fact that for some time we faced difficulties relating to 2 sectors of the economy. [More…]
For example, I was pleased to hear him remark on the happy state of the economy and the rate of Australian development. [More…]
I would agree with him on this but I differ with him as to the reason for the happy state of the economy and the rate of Australian development. [More…]
‘You do not turn the economy on and off like a tap. [More…]
Contrary to statements from the present Government, the truth is that in December last year, as the seasonally adjusted figures indicated, the Australian economy was on course for the achievement of full employment, as members of the then Government asserted prior to the election and Opposition spokesmen have claimed since the election. [More…]
And as set out in the Round-up there are other indicators of the strong foward surge of the economy. [More…]
But, by and large, the leads and lags of economic events are longer than that; they are such that the onward march of the economy is not so quickly or simply manipulated. [More…]
As the Minister for Labour said: ‘You cannot turn the economy on and off like a tap’. [More…]
These events, this recovery and this movement of the economy go much farther back than December. [More…]
I remember well the great and tragic drought and the market conditions which were reacting so tragically on the lives of people in inland areas and how the economy of the urban areas suffered. [More…]
Surely to heaven these men who have responsibilities on behalf of important sectors of the Australian economy and Australian people have a right to be heard. [More…]
The Minister for Labour (Mr Clyde Cameron) and the Prime Minister are now eating their words relating to the economy on the predictions they made before the election about the level of unemployment as it would be today. [More…]
The Government took over an economy in which cost inflationary influences were already entrenched. [More…]
The more rapid growth in the economy in recent months will also help through the favourable effect on unit costs. [More…]
One of the requirements is to mobilise that effectively within the economy. [More…]
But if foreign loans are raised for development purposes in this country, which bring in no goods and services, all they do is inject further inflation into the economy, and this is undesirable. [More…]
A committee which seeks to examine price levels in the private sector without having regard to the inflationary impact on the economy of the public sector will not have the capacity to examine the overall nature of Australia’s inflationary experience. [More…]
This assumption has, I believe, no direct relevance to the experience of a modern western economy. [More…]
The final consequences of this situation can only be the diminishing capacity of the economy to pay for higher real wages and the diminishing real benefits derived from social welfare programs. [More…]
Our recent inflationary pressures cannot be ascribed to the existence of excess demand in the economy. [More…]
How can Labor pretend to manage the economy properly when it continues to ignore and refuses to treat the root cause of our worst economic problem? [More…]
The Labor Government has inherited an economy in very good shape for continued growth. [More…]
I regret that I have no confidence in their maintaining the health of that economy. [More…]
We feel that we ought to exercise our influence to ensure that an irresponsible approach is not adopted to those areas of the economy which will be under the scrutiny of the Committee. [More…]
When he referred to breaking the back of inflation between 1971 and 1972, I could not help but think that it would have been more appropriate for him to have said that he had broken the back of the economy with the disastrous economic policies that he introduced in 1971, against the advice of every economic authority in Australia, outside of the Treasury, I understand, certainly against the advice of the Reserve Bank, academic and practical economists, and industrialists. [More…]
Rather he created massive unemployment, a complete flattening out of demand and a complete destruction of the rate of growth and investment in the economy. [More…]
They can avoid this because of the existence of high levels of unused protection against imports in certain sectors of the economy, the prevalence of monopolistic and oligopolistic market structures, and restrictive trading practices generally. [More…]
We know that during the war there was price and manpower control under the national emergency regulations and that sustained efforts Were made to control all aspects of the economy. [More…]
The Government’s concentration on prices and the exclusion of wage control is in essence an irresponsible attack on a section of the economy because it ignores the other essential sector which would give the whole scheme any chance of success. [More…]
He has implied that the Government can plan the economy, foresee all the influences, and efficiently ensure smoothness. [More…]
The impact of the decisions of arbitral authorities is not insignificant in this and the Commonwealth Government has a limited number of options open to it in controlling the economy. [More…]
That philosophy seeks to activate demand on other occasions in order to pull the economy out of a recessionary phase. [More…]
So the one course of action is for some form of public intervention in that part of the economy where full employment or an approach to full employment means inflationary price and wage increases. [More…]
This committee will act as a restraint on price rises because the 100 large organisations whose price increases have a continuing effect over the entire range of the economy will know that the committee will be a watchdog of this Parliament. [More…]
The committee will become a continuing economic inquiry into trends in the Australian economy. [More…]
They contend that the only action to be taken is to increase the competitive forces in the economy. [More…]
I believe that the proposed parliamentary committee will be able to extend this inquiry to examine a whole range of goods and services with a very beneficial effect in exerting a downward pressure on the price of goods and services supplied throughout the economy. [More…]
The extra leave now to be granted can only add to inflationary cost pressures building up within the economy by inevitably leading to an increased Public Service and a higher wages bill. [More…]
Time and again the Commission has decided that the capacity of the economy to provide increased leisure time by extra annual leave to the private industry work force, must control its decision. [More…]
Our first task as Government has been to lift the economy back on to its feet after its having been flattened by the economic policies of the previous Government. [More…]
I should imagine that the Treasurer will be thinking in the terms of a second stage of economic strategy when he will be handling a very buoyant expanding economy in the second part of this financial year. [More…]
In the report it was pointed out earlier that on an aggregate basis Australia’s economy seemed to have some impact about it. [More…]
There are many reasons for this state of affairs and they are largely related to the inefficiency and I would say the reckless irresponsibility with which economic resources have been allocated in the Australian economy. [More…]
However it must be recognised that these measures would have, as they will have, very severe inflationary implications in both the public and private sectors of the Australian economy. [More…]
To grant either, we believe, would add considerably to the already severe cost-push pressures being experienced in the economy. [More…]
The consequences of this added cost would have a substantial impact on the level of prices in all sectors of the economy. [More…]
We recognise that the economy does have a capacity to meet additional charges for industrial benefits but clearly the economy cannot sustain the total package of industrial concessions to which the present Government is committed. [More…]
The position of the primary industries is improving at the moment, but if our economy is not checked to the extent that a workable economic arrangement can be attained for producers of primary products, those producers will no longer be around. [More…]
Senator Willesee quite accurately forecast that 1 would have something to say about the cost that such a change would impose on the Australian economy. [More…]
In West Germany - we hear talk of our economy, but there is not a stronger economy in the world than there is in West Germany -public servants receive 3 weeks leave with a minimum of 4 weeks for all employees over 30 years of age. [More…]
We do say that the rural industries which are a major part of the nation’s economy must have strong advocates in this Parliament because they are in the minority in terms of people involved in them. [More…]
The wiping out of the interests of the small man has helped to remove the competition that ought to exist in the economy and in the community to provide a check not only on prices but on services as well. [More…]
The mining industry in Australia has been the most successful industry in the Australian economy in recent times and has given Australians the opportunity to obtain one of the highest standards of living in the world. [More…]
The standard reply of the Country Party over the years has been that over representation of rural areas is justified, firstly, because of the area that a local member has to represent and, secondly, because rural economic interests, particularly the rural export industries, are so important to the national economy that they must have adequate representation. [More…]
advances in and the utilisation of the latest technology are the most important contributing factors to the increased productivity and efficiency in the industry and that the growth of the economy and the consequential increase in sales of electricity are yet another factor in increased productivity; [More…]
The Papua New Guinea cocoa industry is not large by world standards but, as indicated by the Minister, it has a most significant effect on the Papua New Guinea economy. [More…]
A rural society, because of its minuteness, particularly in relation to voting strength, but because of its strength in relation to the economy and its effect on the rest of the Australian community, has to be protected from under-representation. [More…]
1 would like to think that with the establishment of this Committee we will be able to achieve that union of co-operation between the Minister for Northern Development (Dr Patterson), one who is so well versed in the problems of the north - the questions of development and the economy, rural and otherwise - the Minister for Minerals and Energy (Mr Connor), the Minister for Transport (Mr Charles Jones) and the Minister for the Northern Territory (Mr Enderby) so that each may play his part in building up the north in an effective way so that it will be able to make a contribution of outstanding dimension to the development of this nation. [More…]
With no additional loan raisings above what is already in view and no additional expenditure, there will be no change in the effect on the economy of the Commonwealth’s financial activities. [More…]
That figure is intolerable for any Australian and for any significant sector of the Australian economy. [More…]
and it is a matter of record, that the former Liberal Party-Country Party Government handed to the new Labor Administration a sound economy and a program of anti-inflationary policies which were at the time of the election seen to be successful. [More…]
If we have regard - as I am sure honourable members on both sides of the House do - to the problems of the man in the street, we will know that he is already feeling the pinch because of the Government’s lack of sensitivity to the inflationary problems which the Australian economy is now experiencing in a very marked fashion because of the expenditure programs of the new Administration. [More…]
I make the basic point that any government has an economic responsibility to ensure that factors in the economy are balanced and that we do not allow, for instance, inflation to run away. [More…]
It is a serious problem to regulate an economy in total and it is always a serious problem when the biggest single means of income distribution in a community is the wage system. [More…]
In the ultimate, the greatest problem that a democratic community must face is the problem of equity in the distribution of the total resources that the economy is capable of generating. [More…]
Insofar as the majority of those who take a share take a share as wage earners, the greatest single problem in the economy is the relationship of wages and prices, or the social equation. [More…]
It seems to me that this is the problem that we have failed to grapple with in the economy in recent years. [More…]
No Western economy has satisfactorily solved the problem of full employment and inflation. [More…]
At the same time it should be pointed out that one of the restrictions upon the previous Government and upon any government in introducing reforms which give benefits to a section of the community is the state of the economy and the effect that what the Government is doing is going to have on the generality of people in Australia. [More…]
Because of that these people form a very integral part of our economy. [More…]
There are many major livestock diseases exotic to Australia which, if introduced, could have devastating consequences for our livestock industries and for the economy in general. [More…]
Employees of the Commonwealth Public Service and its authorities have played a very important role in the development of the infrastructure of the continually expanding economy and development of Australia. [More…]
We should like to know the total cost of the Government’s expenditures so that we can consider the effects that the proposals will have on the economy. [More…]
Yes, it would make a difference in that one could then look at what should be done in connection with the financing of the overall structure of the economy. [More…]
I should like to know whether this trend is to continue and, if it does, how it will affect the economy. [More…]
The resulting economic expansion which should follow from the opening up and improvement of these 2 highways should make a very marked difference to the economy of Papua New Guinea. [More…]
Recent international currency movements have also highlighted the vital role that trade plays in the international economy. [More…]
It is clear that the greatest benefits will accrue to both countries when each economy is encouraged towards specialisation in the production of those things which it is suited to producing most efficiently and most economically. [More…]
Mr Freer and I agreed that high priority should be given to the complementary use of resources as a means of developing each country’s economy. [More…]
It is absolutely fair, of course, that a person who has contributed by taxation or in other ways to the Australian revenue throughout his working life, or by his working life has contributed to the Australian economy, whether by actually working himself, or in the case of a woman by helping to raise a family or in other domestic work - if they have actually been contributing throughout their 20 years of working life after the age of 16 years - it is fair and reasonable for them to take their pensions overseas. [More…]
The terms of reference of the Committee were restricted to exploring ways of providing guidance to small business management to help in improving efficiency, rather than in undertaking a comprehensive investigation of the role of small business in the economy and of the problems faced by small business. [More…]
The Government believes that small business has and ought to have a vital role in the economy. [More…]
There is considerable scope for active government initiative in strengthening not only the competitiveness but also the contribution that small business makes to the economy. [More…]
This initiative is all the more important in view of the disturbingly high level of the concentration of ownership within the Australian economy and particularly the level of foreign ownership which has been encouraged to develop. [More…]
The Government recognises the importance of small business in the Australian economy. [More…]
It is pleasing to see that the report that the Minister tabled goes into this area for there are a number of important economic functions performed by small firms and they make a very special contribution to the wellbeing of the economy. [More…]
The previous Government’s decision to act in this field was in recognition of the vital role of small business in the Australian economy particularly in respect of the preservation and stimulation of competition which is the mainspring of efficiency and also by providing a wide range of employment opportunities and scope for innovatory talents, personal initiative and judgment. [More…]
I believe more attention could be given to means whereby this important part of the national economy might be assisted in its development. [More…]
We have an independent and growing economy, and we are jealous of our national sovereignty. [More…]
I believe it to be a doctrinaire statement which illustrates the Government’s obsession to get into the private sector of the economy. [More…]
The Prime Minister (Mr Whitlam), in his policy speech, said that the strength of multi-national corporations in the Australian economy requires strong unions as well as strong government. [More…]
Third, as an advanced economy in a region comprising mostly developing countries, the Government firmly believes that Australia should be fa the vanguard of countries taking action to foster and develop sound labour and social policies in accordance with accepted international standards. [More…]
He said that this is not an important piece of legislation so far as changing the whole of the Australian economy is concerned. [More…]
This is not good for the price structure, the stability of our economy or for anything else. [More…]
They have had no regard for their impact on wage and salary levels in other areas of the economy. [More…]
He will have to because this is the kind of burden that no economy can carry. [More…]
It is absolutely foolish to expect any economy to carry this kind of increasing burden. [More…]
No economy can carry that kind of burden. [More…]
Housing is the key to the whole economy because it sparks off directly so “much demand in the economy. [More…]
It keeps so many industries going in the economy that its effects are very far reaching. [More…]
I hope that he will at least give careful thought to the overall effect of building costs on Australia’s economy because not only will they affect the whole inflationary situation but potentially in due course they could bring down the Government if it neglects inflation for too long. [More…]
I do not intend to reiterate all that he said but he pointed out to the Minister for Housing (Mr Les Johnson), who is at the table, and the Labor Government that the housing industry is a key factor in the economy, that many industries throughout Australia are dependent on it and that any Bill providing more money for housing, such as this Bill, should not be viewed in isolation but as part of a total problem. [More…]
It is a total problem in terms of the whole economy of this country and I will mention the various factors a little later. [More…]
Cost Benefit Analysis- directed by Associate Professor J. R. Wilson of Sydney University and aimed at analysing the effect which immigration has on the Australian economy: Com- menced July 1970; to be completed by mid- 1974. [More…]
However, it is considered that any cost effects would be within the capacity of the economy. [More…]
Michael Robertson, Sydney, $2,500- To assist with economy around the world air ticket, to study feature film production in the United States, England and Europe, to cover fees for a Summer School (shortened film course) at the University of Southern California and to assist with living expenses for 8 weeks while in the United States. [More…]
Garry Shead, Sydney, $810- To cover economy return air fare to Paris to continue work in film - both theory and practice - for 6 months at the University of Sydney’s studio in the Cite Internationale des Arts and to meet costs of the export of 12 films for screening in Paris and Germany. [More…]
The Liberal Government found that in an economy in which there was full employment it was hard to attract people to the Army. [More…]
Firstly, it is not wildly inaccurate to say that measures to be taken this year and measures which can be taken next year will owe their potential to the fact that previous governments have put the economy in such a state that these actions are possible, and to ignore that fact or to glide easily over it is not an honest attitude to take. [More…]
I trust that in this nation there will always be progress and that as the economy strengthens from year to year further reform and other social service measures will be possible. [More…]
It may well have been indeed a false as well as a sad economy to take scholarship benefits and allowances away after a little failure, as the scholarship schemes have done. [More…]
That would be a wholly illegitimate aim, but we must be sure about the economy involved in the early withdrawal of benefits on the basis of rather rigid rules. [More…]
I think that we must resist the temptation to act out of a counsel of fear about the expenditure of Government money in this area because to act in such a way could prove to be a false economy. [More…]
I ask the Treasurer: At a time when there is excess liquidity in the economy, what is the purpose of increased interest rates? [More…]
Nevertheless, one is confronted with an economy with a great deal of existing institutional and financial arrangements. [More…]
I have referred in particular to the plight of the 2 States concerned because of the significant effect on the entire Australian economy. [More…]
Today petrol and distillate, which of course are the refined products, are universally used in our every day life, and the price of such fuels is of great importance to the economy and is an element in the cost of all types of goods and services. [More…]
That is true, but when one compares the economy of the Gold Coast with the economy of a vast area of the coastline around Australia one finds that the Gold Coast is a significant area of Australia. [More…]
As we move into the future I hope that there will be a greater acceptance and understanding by ali honourable members of the significance of the tourist industry to- the national economy. [More…]
It regards the whole of the administration of the economy as something of far more consequence, and something which involves total Government policy, not merely this one aspect of it which is to be referred to the Joint Committee on Prices. [More…]
Indeed, the whole of the management of the economy must be seen as a direct result of the financial and economic policies of the Government. [More…]
We live wilh a free economy for the time being, but the honourable member for Adelaide (Mr Hurford) this morning was promoting a firm that is not even Australian. [More…]
If the honourable member for Kingston insists on going on with his antics, which are quite divisive in terms of the Australian economy, that is his business, but I am quite sure that honourable members on this side of the chamber will back me up when I say that we do not stand for trying to divide the community into groups. [More…]
To the man in the street these most directly affect what is happening in the domestic economy. [More…]
The next time the Treasurer visits the Committee of Twenty, let us hope that the Australian economy is not cracking and he is not shuffling shame facedly into the Committee bearing what remains of a once stable Australian economy. [More…]
They are all important to the development of the economy. [More…]
The building industry may well become incapable of carrying out its functions in our economy if this lack of training is not corrected. [More…]
It perpetuates the existence of groups of employees who, as the result of the weakness of their bargaining position, fall behind in the struggle to obtain their full share of the benefits of an advanced industrial economy. [More…]
The conciliation and arbitration system is designed to provide employees with the maximum benefits which are consistent with an industry’s capacity to pay and the economy’s capacity to sustain without harmful consequences. [More…]
The effects could be of vital national importance where the unions concerned have members in critical sectors of the economy. [More…]
What the Commission has brought down is, I believe, a responsible decision which seeks to put responsibility back into the economy contrary to the Government’s approach. [More…]
It is nonsense in this democratic society, this free economy, to suggest that workers who participate in a stoppage of work because little Mary Jones has been sacked out of turn are engaging in a conspiracy, and that a jam company for which she worked should be able to sue the workers individually and collectively through their union for damages. [More…]
We are concerned about the loss to the economy of the nation caused by the failure of industrial arbitration to solve the problems of the dominance of the left wing unions in our current industrial scene. [More…]
The previous government, last year and over a successive number of years before that, took a number of measures which without doubt, towards the end of last year and the beginning of this year led to not only a recovery from the general depressed state of the economy but also a return to full employment. [More…]
They wanted an end to industrial warfare which disrupts industry, hurts men and their families, weakens the national economy and above all pits Australian against Australian in unremitting conflict in the false name of the class struggle. [More…]
Nothing is more calculated to bring war, disorder and bad government to industry and to the economy than these, the Cameron proposals which we are debating today. [More…]
For 65 years, history shows the Arbitration Commission and the State industrial tribunals have been a stabilising influence on the economy, for in the process of preventing and settling disputes the Commission, by arbitration, shaped a wages policy for the nation, fought over but accepted broadly by unions and employers alike. [More…]
Through all the years of pioneering, war, depression and post-war reconstruction the arbitration system in Australia largely kept in step with the economy - the one reflecting the other - and thereby established acceptable patterns of economic adjustment of incomes. [More…]
But nothing is more certain than that as the arbitration system through its wages policy largely kept in step with movements in the economy, the breakdown of arbitration means that Australia is presently in the throes of working out new patterns of economic adjustment of incomes. [More…]
The action of the Government by this Bill will inevitably mean a convulsion in the Australian economy and in the relations between employers and employees before this country finds itself having to embark upon a full blooded prices-incomes policy. [More…]
Also inflation redistributes in an economy where work is done. [More…]
If the Government continues with this attitude it is as inevitable, as that night follows day that it will have to take action to protect the economy. [More…]
When that action is taken to protect the economy the Government will enter into a deflationary period in which people will be thrown out of work and there emphasise that I am talking about powerful groups like the Amalgamated Metalworkers Union which is a combination of what were formerly the Boilermakers and Blacksmiths Society, the Sheetmetal Workers Union, and the. [More…]
We ran into difficulties through the 1960s when the employers’ organisations were reinforced by the interference by the previous government which wanted to see the Conciliation and Arbitration Act used as a regulator of the economy rather than for the purpose for which is was set up, namely, to resolve industrial disputes. [More…]
I do not want to see the Australian Labor Party faced with identical problems - dangerous problems - of a kind which can disturb the national economy and create conditions where there might be subsequent unemployment and where there might be a slowdown of business operations and of orders to the factories. [More…]
This should not be looked at as a single case but in the widest perspective, taking a national and overall view of the economy and of the industrial arbitration system. [More…]
The Opposition is saying that the Bill proposes a situation in which major public interest would not be taken into account but it would, and anything which had a shattering effect on the economy would, of course, be a matter of major interest to the community and would be covered by the Bill. [More…]
In recent years in particular many strikes which have gravely affected the public interest and the national economy have had nothing whatsoever to do with wage claims, working conditions or anything of that sort at all. [More…]
In the longer haul the responsibility obviously is to avoid the emergence of overall excess demand, and to aim by budgetary and credit policies to hold total expenditure within the capacity of the economy. [More…]
The major companies involved are, we feel sure, conscious of their corporate image and of the impact that their actions can have on the economy, and we would expect them to act responsibly and to have full regard to the Board’s findings and the force of public opinion in deciding their actions. [More…]
However, I do not see why a rogue from Australia should have absolute free entry and unfettered right of settlement here while we are obliged under the rules to turn down worthy people from other parts of the world who are likely to make a great contribution to our economy and society. [More…]
We on this side of the House are proud of the fact that the last Budget, introduced by the present Leader of the Opposition (Mr Snedden) started to bite into the economy about the time of the election and at this stage, what the country needed was sensible economic management instead of over expenditure. [More…]
The responsible actions taken by a responsible government since last December have meant that the slack in the economy has been taken up. [More…]
Supporters of the previous Government did not know how to manage the economy. [More…]
Through wisdom, good and sound common sense :ind our expert knowledge of the economy and its impact on the working people for whom we care greatly, we on this side of the House will never be led into the trap into which the previous Government was so easily led. [More…]
Nevertheless that is some indication - some measure - of the impact of this sort of proposal on not only the approved authorities but also the private sector of the economy, which would find it necessary to fund its liability for automatic annual pension increases as pressure develops there for similar benefits. [More…]
He achieved less than he might have achieved and he left this country in a position where its social service levels generally were in a deplorable state in terms of what the affluence of its economy could have afforded. [More…]
This is the kind of burden no economy can carry. [More…]
These are the kinds of problems we have to solve if we are to have a more viable economy and a greater increase in productivity which will allow for the economic cake to be cut up into whatever size slices are required. [More…]
The Government cannot allow the economy of the port of Newcastle or that district to decline. [More…]
No doubt this extra production is appreciated by governments as it is all readily salable produce injecting valuable dollars - not quite as valuable now as they were under our Government because the present Government decided unilaterally to revalue the dollar - into the economy by way of rail freights, road freights and export business. [More…]
A large amount of money is injected into the Darling Downs towns and cities and into the general economy. [More…]
Has the Treasurer made any assessment of the likely effect on the national economy of the ban by the Australian Council of Trade Unions on French trade? [More…]
I hope that the Government does not spend the entire thousands of millions of dollars that the pipeline will cost at once because the economy just could not take it. [More…]
lt is economic madness for the Government to run a projected Budget deficit of over S900m and then to be concerned at an overheated economy. [More…]
Australia stands in clear danger of drifting into the same kind of economic chaos that overtook the British economy. [More…]
1 am worried by the haphazard way the nation’s economy is being handled. [More…]
An extra $260m of this was due to the panic stricken state of that Government as it exploded into the last stages of its reign and it was necessary, it felt, to try to hold the ship together by pouring into the economy another $260m. [More…]
That Committee will be receiving inquiries from the public and from various industries and it will direct the attention of this place to those pressure points in our economy which need attention. [More…]
It will be considering the very large sector of our economy - largely overseas owned - which calls the tune on nearly every pricing arrangement. [More…]
It is not a distorted and singular approach to one aspect of the economy. [More…]
It is an attempt to get a basic understanding of our economy which will then help us to prescribe the appropriate solution to the problem of prices. [More…]
I am sure I can say that it is universally agreed that a first necessary, albeit not sufficient, condition for the control of inflation is to keep an adequate but taut rein on aggregate effective demand in the economy. [More…]
Therefore I would nave hoped that he would have discussed in some detail and given us some extensive analysis of ways in which we might, in fact, achieve a free enterprise economy, a truly competitive free enterprise economy in which resources might be used efficiently and in which, accordingly, the featherbedding which is so apparent in the Australian economy and which in general allows the injection of all sorts of inflationary pressures from a myriad of sources might be eliminated eventually. [More…]
A steel price rise, to take the example suggested by Mr Justice Moore’s investigation, will have repercussions throughout the economy. [More…]
The Bureau of Census and Statistics recently has published the final version of its input-output table for the Australian economy in 1962-63. [More…]
Nevetheless, it is too far out of date for it to be of great reliability for the purposes of the Prices Justification Tribunal, and there is a very strong case, indeed an overwhelming case, for greater priority to be given to the production of a more up to date input-output table for the Australian economy. [More…]
Similarly, the Bureau should be given the resources and encouraged to redouble its efforts to bring about a much greater degree of uniformity and consistency of statistical data, whether collected by itself or by particular departments, so as to ensure the comparability and general usefulness of departmental work on particular sectors or aspects of the economy. [More…]
I do not believe that this measure alone is the answer to any inflationary tendencies in the economy. [More…]
But it is an important immediate measure and is valuable especially as a bridge to long term measures for achieving a more efficient use of resources through a more competitive economy, something which I would go along with and which ought to be dear to the heart of all honourable members opposite who proclaim the virtues of free enterprise and a competitive economy. [More…]
One question that I pose is: To what extent can these wage rises be absorbed by the economy? [More…]
Regrettably, this change in economic management came at a time when the Australian economy was actually gaining in momentum, when confidence was returning, when export industries were taking advantage of better markets overseas, when unemployment was falling due to measures that were taken in the last 6 or 7 months of the reign of the McMahon Government and when there were signs of a slowing down of the inflationary rate which became apparent early in 1970. [More…]
In the 1950s and early 1960s, basically, the United States economy was characterised by approximate stability of prices; and this exercised a stabilising influence on world prices. [More…]
And the inflation tax has fallen on the whole world economy, not merely the citizens of the United States. [More…]
Here we have the explanation of stagflation a stagnant no-growth or littlegrowth economy, high unemployment and inflation. [More…]
I think, in this field, it can be met by laying down what average wage increases the economy could stand without excessive inflation. [More…]
I think that one factor which will have a big impact upon prices in the economy in the near future is the transfer to the metric system. [More…]
It must be dampened down, otherwise there will be wide-ranging effects upon the economy and upon the living standards of the Australian people as a whole. [More…]
The Tribunal is left free to determine its own criteria and reach its own economic judgments in isolation from all the other interacting forces in the economy. [More…]
However, the machinery of any wages and prices policy which may arise during the next few years must be considered overall in terms of the interests of the consumer in combating inflation and reducing it to an acceptable level, and ensuring that the Australian economy remains on a stable footing over the next few years for its growth to proceed unabated and not be subject to disruptive ‘stop-go’ tactics which inflation produces. [More…]
Its economy was without any incomes and prices policies, although I do not necessarily suggest that that was the reason for its low rate of inflation, but nevertheless it remains a fact. [More…]
Although I believe that industry and population should locate at points of the most optimal economy, I do not believe that States should be allowed to be at too great a disadvantage due to the fact of having no off-shore resources. [More…]
It is a great handicap to our economy, and particularly to the transport aspects of it, that we have this archaic and divided jurisdiction over shipping round our coasts. [More…]
This is an operation within the capitalist framework of this country’s economy. [More…]
To have considered such a small percentage of the total economy as the reason for not revaluing would have been reckless and would have caused even higher rates of inflation. [More…]
We should never forget the great contribution made over the years to the national economy by the wool industry even when it was struggling. [More…]
If so, and if TAA introduces economy fares between intermediate stops, will he ensure that the same scale of fares is charged by TAA and Ansett on their internal flights in the Northern Territory. [More…]
If the introduction of economy fares on these fights results in unprofitable services, will the Government consider supporting their operation so that outback intermediate airports do not suffer from reduced services. [More…]
I have stated that, following the entry of Trans-Australia Airlines on the Perth-Darwin route, the airline will introduce economy class fares on this service, a facility which has not previously, been made available by MacRobertson Miller Airline services. [More…]
Economy class fares are introduced by the airlines when they consider that this step will generate sufficient additional traffic and revenue to offset revenue lost through the diversion of first class traffic to economy class travel. [More…]
One was that it was decided that the immigration program of the Government in future .is to be finely tuned to the economy. [More…]
The benefits provided by this Government will undoubtedly be eroded rapidly as inflation gathers momentum, as it surely will under the present Government’s reckless spending and irresponsible approach to the provision of a sound economy. [More…]
We did not believe in an economy where firms and the private sector can engage in any activity ‘open slather’. [More…]
The community and the economy work best when there is not undue interference in the market place. [More…]
There is a need in a mixed economy such as Australia’s for the Government to set the rules for competition, because the obvious result of unfettered competition is monopoly. [More…]
They lambast us with International Labour Organisation principles and average wages; but where are they when it comes to dispensing justice to a section of the community which is subject to tremendous pressure from economy, science, philosophy and now a Government which is not concerned with its plight? [More…]
If only from the point of view of economy, it is well that they should be supported. [More…]
The Commission will play a very significant role in the national economy. [More…]
The Government is concerned about infusing this very large amount of money into the economy. [More…]
While it will make the economy buoyant, undoubtedly it will also have some inflationary trends. [More…]
Is the Treasurer aware that the Committee for Economic Development of Australia, an organisation established by a wide variety of leading companies to encourage the objective study of economic and other matters, is providing a $5,000 grant known as the CEDA/ Rank/Xerox grant for the study of subjects relating to the Australian economy bv economists from universities, business and the public sector? [More…]
They provide the opportunity for a thoroughgoing survey of the way in which the economy is heading. [More…]
It is an indisputable fact that the Whitlam Government inherited a healthy, growing economy on 2 December 1972. [More…]
The strong upturn in the economy is continuing. [More…]
In fact, the economy is heading for a mess. [More…]
I said at the beginning that the Labor Government inherited a soundly based economy, growing rapidly prospering, producing goods and services in ever increasing quantities, with growing concern for the quality of life and the environment and with a more equitable distribution of all the goods and services produced. [More…]
Our recent current account for the last 3 months - that is, the third quarter, as it is known - indicates the strong position in which the previous Government left the economy. [More…]
Not even the massive burgeoning bureaucracy and other changes threatened by recent legislation of the Government will change substantially the fact that this country is as of now, a predominantly free enterprise economy where the goods and services and the employment opportunities are provided by private firms and industries in accord with the circumstances and demands of the marketplace. [More…]
The Government’s own free spending since attaining office has been a major Sector contributing to the imminent reemergence of excess1 total demand in the economy. [More…]
The very structure of modern society with giant firms on the one hand and, on the other, big unions (and if the Government’s legislation fostering union amalgamation goes through, there will be still bigger unions) and with neither side necessarily or primarily concerned with the public welfare - this very structure of modern society makes government oversight of the economy and government intervention in the economy in some measure essential. [More…]
That may become the focus of the squeeze on business or on the private sector of the economy. [More…]
It is true that right at this time production and business activity in the economy are expanding; so, by and large, Gales are not the problem. [More…]
If not, while inflation will intensify, with the uncertainty and alarm which now prevails there will be a loss of confidence and momentum in the private sector of the economy. [More…]
I warn the Government that that is where the Australian economy is headed. [More…]
I will take the traditional approach and cover various aspects of the Australian economy. [More…]
In particular, I will dwell for a moment on the son of approach that is taken by many specialist economists to the problems of this economy. [More…]
It crystallised the cart of criticism we have, heard today, Sam tag honourable member for Berowra (Mr Edwards), which is narrowly based and deals with a very small section of the total economy. [More…]
economy. [More…]
Another economist dismissed the idea of prices justification on the ground that the only areas in which it would be effective were those in which monopoly pricing existed in the economy. [More…]
The basis of his dismissal was the idea that there was a large number of monopolies in the economy and therefore the Prices Justification Tribunal would require an inordinate number of staff. [More…]
These are more directly in the control of the Government than are some of the other measures we can use to control the economy. [More…]
We can expect that these 2 groups will point more specifically to the pressures that give rise to price increases in our economy. [More…]
or two factors that are responsible for price increases in the economy. [More…]
I submit that we are now on the threshold of an interesting experience in relation to the management of the economy. [More…]
Many of the subsidies and tariffs that we have now in the economy which act as a barrier to the redistribution of resources are not there to produce the. [More…]
Clearly we need to establish a much more rational and sensible social basis for our community if we are to have a rational, sensible economy. [More…]
These 2 bodies - the Prices Justification Tribunal and the parliamentary Joint Committee - represent a new adventure in opening up our knowledge of the avenues and pressures which cause dislocation in our economy. [More…]
In Australia, stimulus applied throughout 1972 and especially in the Budget last year provided the momentum for the economy to recover from its slack period. [More…]
These are the normal symptoms of an economy in the upswing of the business cycle - an upswing set in train by the expansionary fiscal and monetary policies of the previous Government and aided by the soaring export prices which world wide economic revival has generated. [More…]
Even so, the economy is not free of some major trouble spots. [More…]
As a result, what was once the leading growth point in the economy is now languishing, profitless, in a sea of uncertainty. [More…]
Inflation is the implacable enemy within the economy. [More…]
The Labor Government has stated that it will act as the pacesetter through Public Service wages and conditions and will use its activity in this area as a lever to force the private sector of the economy to gear up wages and conditions. [More…]
At present the economy is running in a truly mixed fashion. [More…]
A sense of certainty is vital to a country’s economy. [More…]
There must be a degree of economic planning to determine which sectors of the economy need assistance to provide overseas trade earnings. [More…]
In any economy it is important that the taxation system be equitable as well as providing revenue for government spending. [More…]
For years he was one of the directors of the Australian economy and of Australia’s policy making. [More…]
Any examination and scrutiny of the economy, which I submit is the exercise in the debate on these Bills, must deal with inflation. [More…]
The Government appears to be under a delusion that the only way to right a floundering economy is to use as a deliberate instrument of fiscal policy a single edged attack on the items causing the problem. [More…]
However, it is important to understand the underlying causes of the sudden increase in meat prices and to recognise that the causes are largely unrelated to the general factors causing inflation in other sectors of the economy, that the recent rates of meat price increases are likely to be short-term, and that the imposition of direct controls to stabilise meat prices in the immediate future is likely to aggravate the free market responses that are likely to stabilise meat prices in the longer term. [More…]
We are paying $8m a year for the very strong membership of the Waterside Workers Federation of Australia to be able to stand the shipowners up and say: Now look, we are going to demand this kind of a payment from the economy.’ [More…]
The charges could be recovered by the shipowners who could build them into the freight charges, in which case the economy would pay. [More…]
Mr Deputy Speaker, you will remember that during the war plans were known to be afoot by the Germans to flood the English countryside with bank notes dropped from the air in an attempt to disrupt the British economy. [More…]
The Opposition does not assert that the question of costing must be exclusive in terms of decisions but it remains highly relevant when the economy’s inflationary difficulties are causing widespread concern throughout the community. [More…]
In addition the current labour shortages are occurring at a time when the economy no longer has a sufficiently large inflow of migration to take the pressure off the labour market. [More…]
For example, the man who marries his housekeeper lowers the gross national product and consequentially the measured output of the economy, although his wife continues to produce the same level of goods and services as she previously produced on a paid basis. [More…]
We should have regard to the fact that women workers are playing an increasingly significant role in the Australian economy. [More…]
The Australian economy at the present time is dependent on large numbers of married women being in active employment. [More…]
A scheme should be established through contributions by industry and the Government which would enable this to be done in a way which would have the least detrimental effect on the economy. [More…]
This would give members of the Parliament an opportunity to evaluate all the proposals in relation to the overall effect on the economy. [More…]
We must relate benefits to keeping the economy on a sound basis. [More…]
1 venture to suggest that unless this Government takes more notice of the fundamental economic principles which apply world wide, our own Australian economy, sound as it is, may also get into, very real difficulty. [More…]
The Australian economy was in a very sound condition when this Government took over, but its supporters do not tell us that although they are fond of saying what has happened over the past 23 years. [More…]
This is the other factor to be taken into consideration when we are looking at how any measures that this Government brings down affect the economy because we cannot avoid inflationary problems. [More…]
I believe that this is desirable, but at the same time I mention that, whether or not these things are to be provided in preference to other benefits being made available, we should bear in mind that we have to keep those benefits within the limits of a reasonable economy. [More…]
AUSTRALIAN ECONOMY: GOVERNMENT SPENDING [More…]
I ask the Treasurer the following question: Given the state of the economy and the already large deficit expected, will the Treasurer exercise constraint on government spending? [More…]
This Government is conscious of the role of government expenditure in the totality of the economy. [More…]
In May 1971 a loan was raised in the rather abnormal circumstances of a very depressed economy. [More…]
They should not be established as an expression of the political belief that there should be government involvment in an area of the economy simply because that area is important. [More…]
In other words, the legal structure and functions of the Corporation reflect the apparent requirement for it in the economy. [More…]
Secondy, is the role envisaged by the Corporation an appropriate one for a statutory body to fill, given the basic nature of the Australian economy and poltical system? [More…]
Fifthly, will the aggregate benefits provided by the Corporation sufficiently offset the adverse competitive impact on sectors of the private enterprise economy, through the Corporation’s access to public funds, to justify its actions? [More…]
I am not implacably opposed to State intervention in the economy simply because of ideological implications. [More…]
What I suspect is that from an organisation with a useful supplementary role in the economy, performing with distinction on a profitable basis, the Corporation will become a gigantic government-controlled construction authority serving, in a most clumsy and unwieldy manner, the dual purpose of satisfying the socialistic instincts of the Labor Party and, in a heavy-handed way, the use of overseas capital and skills in the development of Australian resources. [More…]
So U ls an industry which is very important to Australia, which employs a great number of people, and which is making a splendid contribution to the economy of the nation. [More…]
Any organisation which is established to monitor the pricing behaviour of such a substantial sector of the economy must itself be correspondingly large. [More…]
To my mind, the extension is only a further step along the line towards complete control of the private sector’s intervention in this part of the Australian economy. [More…]
Its actions following the IndiaPakistan War in organising recognition of the new State of Bangladesh, its ready and effective help during the time that the refugees presented such a problem for India and its economy, and the cordial talks which I had with Mrs Ghandi and with the Indian Foreign Minister, Mr Swaran Singh, during my visit as Foreign Minister to New Delhi last year, all contributed to the strength of this relationship. [More…]
His Government inherited a good economy but has put it at risk by supporting a Treasurer who has no understanding of economic management. [More…]
We have seen a new style of government in the socialist intervention in the economy. [More…]
We have the extraordinary situation that on the one hand the Government, by means of this measure, is spending money in providing these benefits- I do not know how much; the Minister did not put any cost on the proposals- but, on the other hand, in the interests of economy and in order to find money to finance the vast welfare proposals which this Government has it is ruthlessly cutting back on defence expenditure as a whole. [More…]
It seems to me to be quite extraordinary to say, as the Minister has said, that the Government is providing the measures contained in this legislation in order to provide an adequate volunteer force and that, because the Government gives such a low priority to defence as a whole, it puts a limitation on the manpower for the Services in the interests of the economy. [More…]
The task of the Budget, however, is to reconcile the Government’s determination to carry out the whole of its program with wise management of the economy. [More…]
In a buoyant and strongly growing economy, with inflationary pressures intense, we are limited by the over-riding need to bring down a Budget which does not add to these pressures. [More…]
What is its contribution to the national economy and to regional economies? [More…]
Unfortunately, sometimes people who are badly off have to be denied because of the overall effect of increased expenditure on the economy. [More…]
There is a continual requirement for Government policy to be responsive to the changing nature of the rural economy and one of the most rapidly and fundamentally changing areas is in the wine and grape growing industries. [More…]
Mining industry leaders have informed me and other members of the Opposition that some operations will have to shut down with disastrous results to the Kalgoorlie area and to the Western Australian economy. [More…]
The benefits to the economy and to the community from export of manufactures go well beyond those of the immediate gains in export revenue. [More…]
The Treasury view is that the only way we can convert those reserves, or part thereof, to real reserves for use in assisting the growth of the Australian economy is by running a current account deficit. [More…]
Business confidence is a matter of paramount importance for the economy. [More…]
The economy of our nation is very seriously involved with our export trade and it would be most detrimental indeed to interfere with that trade by adopting a suggestion that export incentives should be abolished. [More…]
The Minister for Overseas Trade went on to say that the benefits which flow to the economy and to the country from a high level of export activity in a manufacturing sector include improved economies of scale and reduced unit costs, the safeguarding of local employment, the development of new skills and technologies and the development of a more competitive and innovative approach. [More…]
But for this vital sector of the economy there are as yet no clear cut government policies. [More…]
The remarks of the Treasurer (Mr Crean) in introducing this Bill must represent a high point of waffle and a high point of providing one more element in what I have come to call the ‘chaos theory’ of managing the economy. [More…]
What I have referred to as the chaos theory of managing the economy is an approach in which the Government combines unpredictable and arbitrary measures with as many ambiguous, qualified and non-committal statements as possible, with a view to creating the maximum of uncertainty - indeed, alarm - amongst the business community, thereby inhibiting investment and other spending plans, restraining total expenditure and the total demand for resources and combating inflation. [More…]
In this most important area where the external viability of this country in the long run is at stake - that can rest only on the continued expansion of manufactured exports as a key component of our exports - it is to be hoped that the Government will continue to maintain these export incentives that have been so important for the development of this facet of our economy. [More…]
Expansion is not the right treatment for an economy which is under resource pressure. [More…]
the overriding consideration in framing the Budget was that the economy at the outset of 1973- 74 was already under stress, with inflation the dominant worry. [More…]
Inflation poisons the growth of an economy and robs people of the advances in social welfare and standards of living that would otherwise be achievable. [More…]
Good economic management requires the right assessment of the level of total demand so that the economy can satisfy both the public and the private sector without overstraining resources. [More…]
It is accepted by the Treasury that the major influence on the economy is the changes made in the Budget expenditures and receipts. [More…]
The net stimulation - that is the Budget impact - offered to the economy in the present Budget is therefore SI, 599m. [More…]
It is certainly the greatest expansion ever to an overheated economy. [More…]
1, page 2 - an economy operating close to full capacity. [More…]
Because this has a low import content the impact on the domestic economy will be greater. [More…]
It goes beyond prices - staggering though they are - to the basic health of the economy. [More…]
1 repeat that the right course in the present circumstances is to limit the total of public sector expenditures to a level which can be satisfied by the available resources in the economy. [More…]
This level can be judged by the amount of expected revenue receipts which are real and not blown up by an increased tax take from inflationary pressures operating on a progressive tax scale, lt is not possible to state the percentage reduction which would be necessary in public expenditure because that will be changing as inflation swings the balance of the economy. [More…]
Over 100 years ago a great English public figure Walter Bagehot, an economist and journalist, quoted a financier of those days as saying: ‘If you want to raise a certain cheer in the House of Commons make a general panegyric on the economy. [More…]
Would the Liberal and Country Party members have liked to practise their economy by cutting government expenditure on the pensioners? [More…]
They just talk about economy. [More…]
Not so my Liberal and Country Party opponents; they believe in economy, in cutting government expenditure. [More…]
Despite the obviously complex nature of the Budget influence on the economy, Sheehan has argued that the ratio of the Budget deficit to total Budget receipts is a satisfactory indicator of the Budget impact. [More…]
Dr Sheehan suggests that in order to maintain the economy on a full employment growth path without excessive inflation a satisfactory Budget would incur a deficit of about 5 per cent to 7 per cent 6f receipts. [More…]
For the first time in almost a quarter of a century a determined effort has been made by the Federal Government to properly plan the economy and to set guidelines for a master plan which will achieve improvement in living standards, remove fear of the future for those in needy circumstances and provide the assurance that equality will become a reality. [More…]
The point is how this body viewed the state of the economy at the time of writing its report, that is, some time prior to 24 June, and what assessment it conveyed to the Prime Minister. [More…]
Dr Cairns and I have been discussing the possibility of stimulating an increase in the flow of imports as a means of expanding the resources available in the Australian economy and of providing some restraint on the upward movement of prices. [More…]
On or about 3 August the Commonwealth Treasury released its White Paper entitled The Australian Economy 1973’. [More…]
In sum, major sectors of the economy are well on the way to buoyant and, in some important cases, over-stretched conditions. [More…]
Their recipients, be they members of communistdominated unions or be they the fat cats of the Public Service are sheltered from the vagaries of inflation; their real incomes are likely to rise, and will rise, at the expense of that part of the economy whose members are exposed to the cold winds of international competition. [More…]
This Tribunal, with a total lack of powers of compulsion, can at best retard inflation and only in some highly specific areas of the economy - at a cost I might add, of a grave potential misallocation of resources. [More…]
In a paper published in the ‘International Currency Review’ of August 1971 he makes the point that inflation is a world problem, that the increase in the rate of world inflation in the second half of the 1960s is primarily the responsibility of the United States, which financed the Vietnam war by inflation rather than taxation, and that due to the United States’ predominant position in the world economy its inflation was transported to the rest of the world. [More…]
After all, look at the document that you ought to begin with if you make any fundamental analysis of the economy of Australia - the White Paper on National Income and Expenditure 1972-73. [More…]
Will the Minister assure the House that the Government’s admirable nationalistic zeal will not be allowed to run so wild that it will be counter productive in its impact on the development of the Australian economy and the welfare of the Australian people? [More…]
It is essential, however, in the interests of the Australian economy that we eradicate brucellosis and tuberculosis. [More…]
It effects a substantial transfer of payments from the productive sector of the economy to welfare, social services, health and education. [More…]
By subterfuge the Budget is dragging nearly $600m from the private sector to the government sector of the economy. [More…]
Last year in very different circumstances, again when the Government of the day was ‘being urged to stimulate the economy, it was a little over 8 per cent. [More…]
He might have added the other factors that I have mentioned which are against growth in the economy. [More…]
He has pointed out that they free us from the constant pressure of balance of payments in our domestic policies, that they free us to expand our economy, that they free us to deal with overseas ownership and control, that they free us to pay off overseas debts if we want to do so and they free us to invest overseas. [More…]
Some people are now saying that growth is opposed to quality; that if we have growth in the Australian economy we cannot have quality in the environment, in the cities and in the countryside. [More…]
Its policies will run down the dynamic of progress and will prevent the expansion of the Australian economy. [More…]
One of the methods the Government quite obviously is following in this pursuit is to inflate the Australian economy quite deliberately. [More…]
An educated man like the Federal Treasurer (Mr Crean) knows that as day follows night a situation will emerge in this country that will require strong fiscal action and strong economic policy to cope with the result of inflation and at that time the Government’s plan is to go to the Australian people and say: ‘We now seek overall control of the economy. [More…]
Give us complete legal control over wages, prices, dividends and income of all description and we shall control the economy’. [More…]
Although this has been done deliberately, and at a time when defence expenditure has been reduced in order to provide vast social services that will further inflate the economy, it has managed to dovetail into the aims of the foreign policy change of posture. [More…]
I do not know whether this is meant to be a manifestation of an intelligent economic objective, but in reading those sentences I thought that I might ponder their meaning because surely if the Treasurer believes that we ought to be establishing public transport services at public expense he could differentiate between a policy designed to do this and the effect within the economy on thousands of Australians working in the automotive industry building motor cars which are being provided for the Australian people. [More…]
I cannot help believing that, when the Treasurer says that plans for the development of society will be improved by pouring hundreds of millions of dollars into an already inflated economy, he is deliberately ignoring what all of his professional training must tell him - that is, if the rate of inflation goes beyond the present figure of 13 per cent to an annual figure of 20 per cent to 25 pei cent he will finish up with an economic position which will demand a return to the type of Budget which we had to face up to in this House in 1951. [More…]
There can be no doubt that although this would become a ghastly situation in the economy and although the dose of medicine would be very intense, it would be absolutely vital to the welfare of the economy that the medicine be taken. [More…]
As I said earlier, one has to look beyond the deliberate inflation of the Australian economy and ask oneself: ‘What is it that these people are trying to achieve? [More…]
In the period of over 20 years in which I have been a member of this Parliament some interesting changes have taken place in the Australian economy. [More…]
I say just this about the criticism of the Leader of the Opposition on the simple score that he had not taken this kind of action when he was Treasurer and when he was in Government: The first thing that has to be realised is that the circumstances of the economy today are very different indeed. [More…]
Of course, if we look at informed advice from such people as Mr Donovan, the economic adviser to W. D. Scott and Company - a very eminent company in Australia in terms of the researching of the economy, the problems which the country .faces and so on - we see that he has just issued a very startling report which indicates that because of the existing shortages of materials in the building industry and in other fields well known to most Australians, to the average small income earner who wants to build a home and to the average Australian who in his every day life requires some material to do some job or other, there is looming up a very ugly black market situation. [More…]
So if we look at the whole spectrum, we find that this Budget has failed miserably to deal with .the real problems of the economy and with the requirements of this nation as they exist today both in the commercial world and in every other direction. [More…]
Tourism can make an important contribution to the solution of many problems facing our economy. [More…]
At present our economy does not depend on this foreign revenue, but one day it may. [More…]
This ever widening gap between income gained from overseas tourists and money spent by Australians on overseas holidays is big enough to cause concern to any economy. [More…]
The 15 per cent discount on economy return fares for off-peak travel which began last June is another important step in making air travel reasonably priced. [More…]
The 30 per cent reduction on economy fares for North American tourists for travel in Australia over 1000 miles should encourage more extended tours to take in attractions such as the Great Barrier Reef, Central Australia, Tasmania and others. [More…]
In the name of human welfare this Budget contributes towards fundamental disequilibrium within the economy and not towards reformist or redistributive objectives. [More…]
It is a matter of national concern that this Government, which inherited a sound economy in which inflation was tending to decline, is now presiding over a serious inflationary spiral with neither the wit nor the will to confront the basic components of this most serious problem. [More…]
In a buoyant and strongly growing economy, with inflationary pressures intense, we are limited by the over-riding need to bring down a Budget which does not add to those pressures. [More…]
That massive increase in Government spending must place intolerable and unreasonable strains on the economy by stimulating the already rapidly increasing level of demand. [More…]
The irony is that the only really deflationary move in the Budget was aimed at the weakest sector of the economy - the one which must expand if the pressure on our resources is to be eased. [More…]
What would they have done to help the economy? [More…]
In this way I think we will have to dampen down demand in the private sector of the economy. [More…]
These kinds of unpleasant curbs may be necessary in the climate which the Government, through its mismanagement, has created; but we do not want to keep them on for longer than is necessary because they inhibit sound growth, they inhibit the progress of the economy and they represent an incursion into people’s freedom of action and the quality of life. [More…]
It would have been possible to do so without disturbing the major fabric of the Australian economy. [More…]
Those of us on this side of the chamber appreciate the difficulties that the Treasurer had and also the difficulties that the Treasury had but we feel that they have been defeated on this issue because undoubtedly the proper role of the Treasury is to safeguard the interests of the economy. [More…]
I would like to ask the honourable member where the blazes he thinks the Australian Government is getting its revenue and also where the real wealth of the country is generated at present because it certainly does not come from the public sector of the economy. [More…]
There is therefore built into this Budget a strong degree of risk of consequent damage to the future economy of this nation. [More…]
The previous speaker from the Country Party, the honourable member for Murray (Mr Lloyd), referred to the private sector of the economy and he said that it has been unduly hit by this Budget. [More…]
I hope that this degree of socialistic thinking never destroys the possibility of competition or the possibility of retaining initiative in a country like Australia which has progressed extremely well under the national economy as it now stands. [More…]
This is one of the first signs of a demand inflation that will, I fear, soon hit the economy. [More…]
Shall I probe the financial policies of this new dictatorship and expose a Budget which has stimulated a searing heat in our economy which, as the Treasurer (Mr Crean) himself has admitted, will result in an inflation pressure which the Government cannot control? [More…]
The Budget is irresponsible because one great economic truth has been ignored by the Prime Minister and his henchmen - that is the economy in total, the prosperity of all Australians, and the interdependability of rural and urban Australians. [More…]
I have spoken about our economy and our quality of life, but all of this is of little consequence if we do not have the capacity at least to provide a realistic base on which our defence can be quickly mobilised and the security and protection of our people assured. [More…]
ls it his intention to reduce the mining industry which is so critical to the economy of this nation to the same shambles to which a very similar government in Chile reduced its mining industry. [More…]
There is much criticism of the support given to the public sector of the economy by the present Budget at the expense of the private sector. [More…]
Payments such as these made to preserve the vested interest groups in the market have a fundamental significance in the present economy. [More…]
The second aspect of this Budget is that it assumes that a productive economy is one that is free of restraints, that misallocates resources and enables a country to forgo a well educated mobile labour force which removes competitive pressures in the pricing mechanism and which provides a supply of materials to meet the legitimate demands of the community at large. [More…]
It is a pity that the Treasurer (Mr Crean) is not at the table for this debate for having a debate on the economy without the Treasurer being present is like putting on a production of ‘Hamlet’ without the first grave digger. [More…]
The Treasurer has been at pains to play down the importance of the Budget in controlling the economy. [More…]
If the state of the economy is to be the criterion, I suggest to all investors that they hold on to their shares. [More…]
I do so because this Budget fails lamentably and completely to tackle the greatest problem facing the Australian economy today, and that is the problem of inflation. [More…]
But this eventually will prove to be a very short-sighted policy - dangerous to the national economy, severe in its effects on genuine farmers and ineffective in its results. [More…]
What about the danger to the national economy? [More…]
The effect of the Budget on the national economy will be the same as the effect on primary producers themselves - dangerous, severe on individuals and ineffective in achieving its objectives. [More…]
This is a Budget of reconstruction and of social justice and one which is designed to increase the efficiency of our mixed economy. [More…]
The critics also ignore the forces acting already carried out, for example, revaluation, within the economy as a result of actions capital inflow measures and tariff cuts. [More…]
The past Government would not adapt policy to new conditions and demands quick enough or tackle major underlying problems in our economy. [More…]
The percentage increases in money allowed into the economy from our 3 major sources of money supply - banks, fringe banks and overseas - rose as a percentage of gross national expenditure from 27.6 per cent in 1965 to 33.8 per cent in 1971. [More…]
We are hooked into the international economy and rather than saying that our main problem is that we are too rich, we should be saying that now is a time to redistribute income. [More…]
Recognition of the significance of external inflationary forces on the Australian economy, either directly on prices or more generally on domestic demand, means that greater emphasis should be placed on policies to insulate Australia from these external pressures. [More…]
It is possible to isolate- the domestic economy from overseas influences by more frequent exchange rate adjustments, tariff cuts, export taxes, import subsidies and capital controls. [More…]
The point was made explicitly in the statement of the Prime Minister (Mr Whitlam) that ‘the foreign exchange earned from the proceeds of exports is of no value to Australians unless it can be used to enlarge the real resources actually available for use within our economy.’ [More…]
The post-war policies of the Labor Government put a base under the economy which allowed private enterprise to thrive and there was little policy initiation until the mid-1960s when the previous Government started to run into trouble. [More…]
The simple fact is that there is a need to put a floor of public expenditure under the economy so that private enterprise may thrive. [More…]
We need to get farmers out of the butter economy and into the milk manufacturing section in those areas which are still locked in the butter economy and there needs to be more encouragement to go into beef. [More…]
The sort of premises that a policy of adjustment can be based on and should include are: That the cost-price squeeze will continue; that an increasing volume of total farm production is consistent with fewer farmers; that economic efficiency of farming is more important to Australia than the number of farmers; that neither the economy nor society needs every farmer as a farmer if over-production of unsaleable products is taking place and better marketing cannot help; that fewer farmers will not mean the end of family farming. [More…]
There is an unusually high level of liquidity in the economy. [More…]
It is diversifying beyond the price of food into a broad spectrum of the economy. [More…]
New-found and long-awaited rural prosperity - and perhaps transitory prosperity has been mistakenly equated with long-term wealth, and a sector of the economy, and of the Australian people, that has been through a lengthy period of depressed incomes and depressed outlooks is dealt a tremendous blow. [More…]
It recognises the strain on resources in the economy, but proposes greatly to expand its own work force and spending at a time of labour shortage. [More…]
The position is worse than it ever was during those years when the Leader of the Opposition - and myself and many others - rejected the thought of any kind of price and wage control in what should be a flourishing free enterprise economy. [More…]
Now we have an entirely new situation, and if we are to avoid serious harm to the economy, and to the whole Australian community, then something effective has to be done. [More…]
The Whitlam Government inherited a healthy and growing economy. [More…]
Since then it has acted as though its political tactics were a correct interpretation of economic trends and it took action to stimulate the economy at a time when no stimulus was needed. [More…]
In fact, Government expenditures are expected to increase by $1938m or very nearly 19 per cent - an extraordinary large increase, particularly at a time when the economy is working at full pressure. [More…]
I am a bit disappointed about the increase in the petrol prices overall, because it will certainly go right through the economy and will help send prices up, particularly in the more remote areas. [More…]
The economy was sound, business was thriving, world markets for most of our products were buoyant, Australia’s standing internationally was high and seasonal conditions, after a long period of drought in many areas were in the main good. [More…]
It is scarcely credible that a government could damage such a sound economy so drastically in such a short time. [More…]
Only 16 per cent expected the economy to do better following the Budget while 58 per cent thought things would get worse or remain the same. [More…]
The Government expects non-farm production to increase in the economy about 7 per cent this year. [More…]
They were measures the Government took to take some of the money out of the economy. [More…]
In 1971-72 the then McMahon Government introduced a Budget which was to take so much demand from the economy as to create a pool of 130,000 unemployed. [More…]
Last year, 1972-73, the then Government was so panic stricken about such a massive pool of unemployment with an election 3 months off that it injected an enormous amount of money into the economy at the time of the last Budget. [More…]
That action promptly took foreign money out of the economy, but we were still suffering from the Liberal’s last Budget excesses. [More…]
By contrast with the last Budget, the present Budget is framed not to add to the massive inflationary pressures already existing in the economy. [More…]
In other words, there was more money running around the economy. [More…]
That illustrates the Treasurer’s view of the present Budget, that it will allow the country to carry on as it is but is an attempt to ease back on inflationary pressures by not putting too much Federal money into the economy. [More…]
The previous Government was so panic stricken about its electoral prospects that it poured that much money into the economy. [More…]
The only reason that we have inflation in our economy is that the previous Government thought it could buy votes with a big Budget last year and it has left us with the problems of trying to correct it. [More…]
I should just like to read to honourable members some of the massive increases this Government has provided in certain social areas without giving an overstimulus to the economy. [More…]
In the area of housing and community amenities we have increased the appropriation from $127m last year to $538m this year, a staggering increase of 324 per cent in one year all framed within a Budget that has less money in the economy than the Budget of last year. [More…]
So, through responsibly looking at the needs of the economy and the terrible neglect in the areas of social welfare and education by successive Liberal Party governments, wehave been able to provide for the Australian people and at the same time introduce a Budget that will allow the business of Australia to move along, that will allow our factories to run at peak production, with people at a peak level of employment, with the number of unfilled jobs as high as they ever have been and, at the same time, we have tried to do something creditable about the appalling 13 per cent level of inflation created by the former Government 12 months ago. [More…]
It intends to take inflation out of the economy. [More…]
It wants to keep the economy going and it wants to fix priorities, which it is doing for schools, health, education and other matters. [More…]
This uses up men and resources in a very crucial and important industry which, when it is working correctly, shows that the economy as a whole is working correctly. [More…]
It has always been said that the building industry is the yardstick of the economy as a whole and there is a great deal of truth in that statement. [More…]
There is far too much finance in circulation, once again overheating the economy and certainly bringing about very great problems in respect of land speculation and commercial buildings. [More…]
Is the Opposition prepared to do anything worth while towards the management of this economy or will it adopt the completely negative approach that it is adopting today? [More…]
The advocates opposite of a free enterprise economy and of competition should be the first people to support such a proposal. [More…]
This Budget has begun the long term process of restructuring the Australian economy and reforming Australian society. [More…]
If the economy is to be slowed down and if we are to slow down the rate of growth obviously there must be a rise in interest rates. [More…]
This will have a number of other effects on the economy which will not be pleasant from the point of view of anybody. [More…]
As indicated in the Budget Speech, the Treasurer is already well aware that housing is so crucial to the total economy that it becomes a very sensitive indicator. [More…]
If the economy is to be slowed down, housing is the most effective area in which to start doing this. [More…]
To control prices by edict you have to finish up with iron-clad control over the whole economy. [More…]
There will be personal interference according to preferences which people express, but we will end up with an iron-clad control over the whole of the Australian economy. [More…]
He pointed out that the Budget was not and would not be the only instrument used to maintain a favourable economy in Australia. [More…]
The Treasurer <Mr Crean) has stated that the task of this Budget is to reconcile the Government’s determination to carry out its program with wise management of the economy. [More…]
The Australian Labor Party inherited an economy in good shape, moving ahead towards full employment and with the rate of inflation in the last quarter of 1972 down to a level which was getting very close to manageable. [More…]
This is a dangerously high increase, particularly in the context of today’s economy and a decision which will ensure a rate of inflation higher than 10 per cent. [More…]
Australia cannot afford a Treasurer who for short term political advantage delivers an expansionary and inflationary Budget at a time when the state of the economy clearly calls for different decisions and emphases. [More…]
Obviously the Minister for Tourism and Recreation (Mr Stewart) - and I feel a little sorry for him - is finding it difficult to convince his socialist colleagues that the private enterprise tourist industry properly encouraged can contribute handsomely to the national economy. [More…]
What is needed is a capacity to identify all the components operating within the economy and a determination - a genuine determination - to take wide-ranging appropriate action to counter inflationary pressures on prices, incomes, interest rates, working hours, industrial relations and Government expenditure, together with other monetary and fiscal policies. [More…]
More importantly, as a Western Australian, when I cast my mind back to this time last year I recall that I had to speak in a manner deploring the economic situation of the country, the widespread unemployment in Western Australia which had been caused by the then Government’s failure to manage the economy and the human misery that was being caused. [More…]
Immediately before the Treasurer (Mr Crean) introduced the Budget he released a Treasury White Paper that identified the degree to which demand-pull was already becoming a significant factor in the economy. [More…]
This Budget is intent not on the management of the economy but the so called management of its political short term objectives. [More…]
One wonders just where we go from here The lack of public confidence in national economy management is the hallmark of this Government. [More…]
In the rural sector there is a recitation of impact in areas which definitely will be disadvantaged in terms of relativity to other areas of the economy - from postal concessions and telecommunication concessions to those who use country newspapers and magazines, from telephone rentals in country areas to the metric variations in postal charges. [More…]
Thus his calculations can be seen to be an awful mess and his comparison of the resultant 4.2 per cent figure with Professor Nevile’s average figure of 2.9 per cent becomes utterly meaningless and tells us nothing whatever about the impact of this Budget on the economy. [More…]
Inflation is a world wide problem, and it’s going to be serious as long as it isn’t tackled in the metropolitan economy. [More…]
These remarks by Professor Galbraith should be studied closely by the Opposition because they are indicative of the increasing acceptance by academic economists around the world of what we on this side of the House have been saying for some time - that is, that in the current situation of substantial world inflation it is not possible to prevent inflation in a relatively small open economy such as ours. [More…]
It said that it is clear that no open economy can in the long run maintain a lower rate of inflation than its trading partners under conditions of fixed exchange rates. [More…]
Rather than control it, there are many aspects of the Budget which will fan the fires of inflation already burning in an overheated economy. [More…]
In an inflationary economy failure to adjust the rate scale is a method whereby through default a government can increase the community’s tax burden. [More…]
This Budget makes sure that we do not have a stop-go rural economy and that it is all stop. [More…]
We are once more assuming our proper role as a leader in the development of social welfare programs and as a responsible and forward looking member of the world economy. [More…]
In view of soaring inflation which is now gripping the economy, is not such a decision to spend more public funds on vote catching schemes sheer irresponsibility? [More…]
Northern Australia contributes greatly to our national economy and to our State economy, and there is in this area a tremendous amount of room for expansion and development which could only increase its contribution to the national econ omy. [More…]
Whilst this industry is extremely efficient and certainly is an asset to our economy, it does not warrant the appointment of a Minister specifically to handle it. [More…]
I believe we are seeing an obsession to transfer resources from the private sector of our community to the public sector, a transfer of support from the productive sector into the unproductive areas of our economy. [More…]
Of course, a balance is always needed and advances must continue to be made in fields of social welfare and education but if the source of these advances, the growth and wealth producing areas of our economy, are restricted or hamstrung and if the scourge of inflation is allowed to race on unimpeded, the Government will end up robbing the very people it makes a sham and a pretence of representing. [More…]
I express extreme concern at these new measures that put the boot right into the rural sector of the economy. [More…]
Either this Labor Government has to make a brutal attack on rural people in an effort to finance its wild spending spree or it has a basic ignorance of the true position of rural citizens and producers in our economy. [More…]
To criticise this Budget in narrow terms of inflation control is to be myopic in the range of understanding that is required on the economy as a whole and inflation in particular. [More…]
The Opposition has conveniently ignored that these quarters are unrepresentative for evaluation of the Government’s management of the economy. [More…]
Until this Budget was presented the economy had been operating in an environment largely determined by the previous Government. [More…]
We have found it necessary to upvalue a further 5 per cent in face of a buoyant economy and to reduce excess liquidity. [More…]
The economy of the United States is largely independent and the cause of inflation largely cost-push, whereas Australia is an open economy with a significant part of its gross national product due to trade. [More…]
There is more chance of breaking inflationary expectations in an economy that is largely domestic. [More…]
Studies of overseas pricesincomes policies show that success depends upon regulation of the economy before the imposition of any prices-incomes policy, and not afterwards. [More…]
The economy must be regulated and inflation slowed by curbing excess demand, increasing competition in the business sector and balancing external trade and the rate of exchange before any prices-incomes policies can be employed. [More…]
A 10 per cent price and cost rise would still lead to real expansion of the order of 9 per cent That is greater, even with considerable economic growth, than the economy overall can possibly expand. [More…]
The economy cannot expand in real terms - in terms of actual goods and services produced - by more than about 6 to 7 per cent, which is the Treasury estimate. [More…]
Will he take this lying down in this overheated economy, urged on by the Minister for Labour and with the pace setting Commonwealth Public Service out in front showing the way? [More…]
At a time when the rural sector of the economy is enjoying record prices for most of its products, the ‘rural rump’ who have ridden on the back of their weak, divisive Liberal Party colleagues for almost a quarter of a century, wail like jackals because now they are being asked to stand on their own 2 feet. [More…]
The Treasurer (Mr Crean) continually tells this House and the public that the Budget is only one part in the Government’s overall economic strategy to manage the economy. [More…]
In fact the inescapable conclusion, I believe, is that this Government, in order to finance the massive increase in Government spending has deliberately relied upon an accelerated rate of inflation in the Australian economy. [More…]
This Government has deliberately allowed the Australian economy to reach a lew plateau of inflation. [More…]
The inevitable result has been an accelerating and compounding effect upon the whole of the cost structure of the Australian economy. [More…]
It has been said of any government which in post-war times uses unemployment as an economic weapon or tool to manage the economy that it must be an evil government. [More…]
But this deliberate policy of the Government in putting the Reserve Bank into those open market operations, knowing that that action will at best be a short term palliative but must inevitably lead to further inflation as it runs through the whole economy, shows this Government for what it is. [More…]
The Budget itself took no fiscal action necessary to curb the obvious inflationary forces operating in the economy. [More…]
Australians must come to terms with the fact that this Goverenment deliberately sees the economy as moving on to a new plateau of inflation. [More…]
The Government has been so anxious to show itself as a government of action and an instrument of radical reform that it has rushed headlong into the most disastrous disruption and dislocation of the economy Australia has ever seen. [More…]
This course is the very antithesis of sound economic management when introduced into an economy known to be under stress and under intense inflationary pressure. [More…]
The overriding consideration in framing the Budget was that the economy at the outset of 1973-74 was already under stress, with inflation the dominant worry. [More…]
It is a statement that could have been made by any person horrified about the present state of the Australian economy and the people responsible for bringing this state about. [More…]
It is certainly not a statement, as I am sure honourable members would, agree, of a supporter of a government claiming to have kept effective control of the Australian economy. [More…]
The intransigent problems of the Australian economy are inflation of costs including wages and salaries and of prices. [More…]
What then has been the Government’s attitudes and actions to this problem admitted by the Treasurer and by the Minister for Secondary Industry (Dr J. F. Cairns) to be the chief problem facing the Australian economy? [More…]
This is the trouble because this is exactly the way the Treasurer is driving the economy. [More…]
On the other hand we have a deficit Budget - an inflationary Budget - pouring money into the non-productive sectors of the economy. [More…]
We can only come to 2 conclusions: either the Treasurer and the Government have no conception of the necessity to take all embracing action to curb inflation even if it means becoming unpopular with their political masters; or, on the other hand, the Prime Minister and the Government are cynically cold bloodedly and deliberately generating a state of economy designed to lead people to the conclusion that the Federal Government has not sufficient power to deal with inflation and therefore that the Australian people in desperation will acquiesce to the demands for total centralised power in Canberra. [More…]
The attack which has been launched and which is carried on now in a completely undignified way, in a manner which gives little credit to honourable members opposite represents a premature condemnation which has had no other significant effect than to cause some uncertainty and some confusion in the economy itself. [More…]
But they will have an effect on prices to the benefit of the economy and the Australian people. [More…]
Having refused to take orthodox steps to fight inflation in the Budget, what has this Governement done or what does it intend to do at least to restore the economy to the position it was when it took office? [More…]
It may be hard for a socialist government to accept, but it is a fundamental economic fact of life that the private sector of the economy generates the wealth which allows the public sector to expand. [More…]
Co-efficients of the input-output table of the Australian economy constructed by researchers at Monash University indicate that 8.2 per cent of all petroleum products were consumed in farm business activities in 1967- 68. [More…]
Anyone studying the present inflationary spiral in the Australian economy would be forgiven for concluding that this estimate is likely to prove conservative. [More…]
Labor has failed to manage the economy effectively and has failed to honour its promise to the pensioners. [More…]
The failure of the Government to exercise proper management in the handling of the economy. [More…]
It is a matter of national concern that the Government has, in 10 short months, turned a basically sound economy into one characterised by instability, lack of confidence and uncontrollable demand and cost pressures. [More…]
This is a Government which has sought to promote a level of wages and salaries in the private sector which the economy is unable to sustain. [More…]
Every economist has clearly pointed out the danger of depending exclusively on monetary measures to maintain equilibrium within the general economy. [More…]
Of course there were short-term political costs involved, but the Government was beginning to lay the ghost of the longheld electoral suspicion that ‘Labor administrations are fundamentally incapable of managing the economy. [More…]
On 2 December the Whitlam Government inherited an economy that was generally sound. [More…]
This Government deserves the strongest condemnation from the Australian people for its deplorable handling of the Australian economy. [More…]
The Government, through its own actions - its increased public expenditure, its increase in the Public Service, its extravagant measures and its complete economic irresponsibility - has led the Australian economy into a raging inflation rate of possibly 20 per cent per annum. [More…]
Has it fed the fires of inflation in a calculated attempt to create chaos and then to seize absolute power over the economy and the lives of the “people so that it can shift them from A to B and take control of their day to day activities, or is it just an inept, crazy government without any sense of economic responsibility? [More…]
Growth in the economy depends largely on the extent of the economy’s secular growth. [More…]
The failure of the Government to exercise proper management in the handling of the economy. [More…]
The loss to the economy would be measured in thousands of millions of dollars. [More…]
The recession from 1971 - purposely brought about by the economic policies imposed by the present Opposition which at that time was the Government - caused at least $2,000m in lost production to the economy - $2,000m worth of goods and services lost to the economy. [More…]
The honourable member for Flinders (Mr Lynch) - the new economic spokesman, a disciple of some peculiar type of economist - is one of the people who have come before the House and spoken about a basically sound economy 10 months ago. [More…]
This ‘basically sound economy’ was characterised by massive unemployment - a basically sound economy where private capital investment was absolutely stagnant, where per capita private consumption was flat as a tack and where every economic industry was completely thwarted in any movement forward. [More…]
There was a total absence of confidence in the economy. [More…]
These are the people who, when they talk of proper economic management, think in terms of mounting unemployment, of a collapse in the economic performance of industry and of a general hammering down of the performance of the economy overall. [More…]
Their great achievement - and I refer back to the statement of the Deputy Leader of the Opposition, the new-found economic expert with unique theories on the economy who says that the economy 10 months ago was basically sound - was for private capital investment in the second half of 1971-72 to be 8.4 per cent less than in the first half of 1970-71. [More…]
So the Government injected another $750m into the economy. [More…]
It did very little to control our external reserves so there was massive injections of money into the economy from that direction. [More…]
So we had this enormous increase in the volume of money in the economy. [More…]
This increase, backed by the accumulation of reserves going to the small export sector of the economy, led to distortions and to this massive injection of money into the economy. [More…]
These are the problems which we inherited: Mounting unemployment and the injection of this money into the economy - all the signs of stagflation. [More…]
We are setting about managing the economy in a responsible way. [More…]
We will do that by encouraging imports into the economy and by taking some of the strain from the internal capacity of the economy to meet that demand. [More…]
That is much more sensible and responsible than slashing into the economy, than hammering a boom on the head and pulling it off with a jerk which is what the previous Government did. [More…]
Already the index on the cost of imports shows that we have achieved a 5 per cent reduction in cost’s, which has been fed into the economy. [More…]
Unless we achieve this sort of appreciation we will continue to have money pumped into the export sector of the economy. [More…]
This will cause distortions because of the capacity it gives that sector of the economy to increase demand and also to increase the pressures from other sectors of the economy, such as wage earners and the suppliers of resources who are trying to equal the income levels which are being achieved there. [More…]
We cannot have massive injections of money into the economy unless we increase the supply of goods and services. [More…]
The liquidity problems of the Opposition, as a government, were caused by this massive injection or expansion of the money supply into the economy. [More…]
We will continue to handle the economy as the requirements of the economy demand. [More…]
We will not move in arbitrarily and heavy-handedly to cause a slump in the economy. [More…]
On 2 December 1972 the economy was moving ahead well. [More…]
The economy is over-heating and the rate of inflation is somewhere between 10 per cent and 20 per cent. [More…]
The Government’s action represents proper management of the economy, which is what this debate is about. [More…]
The matter of public importance refers to the Government’s having failed .to manage the economy properly. [More…]
The Opposition’s condemnation of the Government for its failure to exercise proper management of the economy is ludicrous and’ should be seen as such. [More…]
The great difference from the situation we inherited is that the economy in December combined a high inflation with the worst unemployment for 12 years. [More…]
I bring to the attention of the House the fact that if these country newspapers are to exist they have to take advantage of efficiency and of economy of scale. [More…]
I once again say that if these country newspapers are going to exist, surely the Government will not mind helping them to get efficiency and economy of scale by production over a wide area, even if it is on a supplement inserted in the middle of a small country newspaper. [More…]
Are we to distort the economy forever with a system which fixes prices at a profitable level for the most inefficient and allows others to profit mightily? [More…]
I draw to the attention of honourable members the state of the economy at that stage. [More…]
It was an economy in depression; it was an economy that had the highest level of unemployment in the post-war period of Australia. [More…]
Nevertheless, a 10 per cent rate of inflation is better than 13 per cent; 8 per cent is better than 10 per cent and nought per cent is better than any of them, but no honourable member would want to bring the level of inflation down to nought unless there were some catastrophic effects on the economy as a whole. [More…]
At least the Government will not purchase the halt of inflation by depressing the economy or creating unemployment. [More…]
I wish in many ways that the sort of economy over which I had to preside was one of gloom rather than one of inflation because it is a lot easier to take corrective measures when there is unemployment than it is to take corrective measures in a condition, of over-employment, not only of labour but of other resources as well. [More…]
There is not the slightest doubt that the Prime Minister is using inflation, and the hurt it is causing to the Australian people, to support his plans to acquire greater powers to control and regulate the economy, industry and business. [More…]
It ignores the importance of a growing economy founded on strong and productive industry. [More…]
Simply because he wants to cover up the shocking mess he is making of managing the Australian economy. [More…]
This is the confused, economic thinking of the Opposition, if indeed one could call it economic thinking, because it is a clear bastardisation of any economic concept to talk in the way in which they have been talking about handling the economy. [More…]
Let us not forget that these are the people who handled the economy for the past 23 years; these are the people who handled the affairs of this nation in the last 3 years in a state of utter, complete and consistent confusion; the people who lurched into a major recession in 1971 and for most of 1972 and then jumped head first into a boom in the latter part of 1972. [More…]
One could well imagine what the performance of handling the economy would be, for instance, under the direction of a man like Mr Bjelke-Petersen, the Premier of Queensland. [More…]
He does not seem to understand that the economy is a very vital sort of thing and that there are constant changes occurring in the way in which it per forms. [More…]
There are problems of disequilibrium developing in particular sectors which filter through to other sectors and so the whole imbalance can run through the economy. [More…]
Or, conversely, when the economy is being brought back into balance, the way in which the disequilibria are being brought back into control can be a very uneven sort of thing. [More…]
All we are asking for is authority so that we can have available to us a broad power - an economic tool - so that it can be applied selectively to regulate the economy at appropriate times. [More…]
Of course, the performance of the private sector of the economy is vital to the overall health of the economy of the nation. [More…]
We are conducting a mixed economy and we are not opposed to profits. [More…]
It redistributes money away from investment in production to nonproductive sectors of the economy as people hedge against inflation. [More…]
Price control must be seen as only one of the mechanisms which would be used by State governments to try to put some sort of control on or some sort of balance back into the way the economy is operating. [More…]
The Government has already taken action with measures such as the tariff cut, revaluation, the Prices Justification Tribunal, strengthening the capital inflow and adjusting bond interest rates to soak up the excess liquidity which was injected into the economy by the last Government. [More…]
The Government certainly will not move in with a heavy hand to flatten out the economy and cause massive unemployment and breakdowns on the production side of industry so that demand can be hammered into the ground as a means of controlling the economy. [More…]
There is this benefit in a time of extreme difficulty in handling the economy of a country. [More…]
Price control can bring a quick adjustment in the economy. [More…]
Because of the relative lack of competitiveness in the Australian economy and the uneven degree of productivity between the various organisations within an industry, one frequently finds that the pacesetter, the most efficient industry, is able to increase prices after a wage adjustment sufficient to allow the least efficient producer to continue operating in that particular sector. [More…]
Of course, we are thinking largely of key areas of the economy and not the whole economy - not everything from ocean liners down to shoe laces but the key ingredients in the economy which have such multiplier effects on the overall costs which the community finally bears. [More…]
We are speaking about prices and we are also speaking about a broad range of economic tools to use in controlling the economy. [More…]
This of course in turn raises other interesting and complex issues about the control of inflation in an economy. [More…]
If we are to talk about incomes injecting inflation into the economy, are we to make a broad-ranging attack? [More…]
Few wage earners in any western countries are impressed by, or even comprehend, the various functional roles assigned to profits by economists - as a reward for risk-taking, as the necessary supply price for scarce entrepreneural and managerial talent, as the prime mover of a free market economy or, in the form of corporate saving, as a major source of finance of capital formation. [More…]
This Bill seeks to have a referendum to give the Australian Parliament a power it does not have over the economy of Australia. [More…]
Opposition supporters describe this Bill as a Bill that seeks to give the Australian Parliament a power to administer the Australian economy - as an attack on the Australian people. [More…]
Essentially, of course, those people represent the private sector of the economy. [More…]
I recognise that profit plays an incredibly important role in any mixed economy, in any free enterprise economy and in any economy such as we have in Australia at this stage. [More…]
That Committee consists of members of all parties and it is charged with studying and investigating this very complex problem that afflicts every country with an economy similar to our own. [More…]
Such a policy dams up the demand and when the changes have to be made, as they must be made in a changing economy, the experience of all other countries has been that there is a further surge forward. [More…]
The economy is like a bucket of worms. [More…]
The only way in a democratic system by which the producer can know what is needed in the economy is for him to receive the market signals. [More…]
I am glad to say that in a viable, shifting economy such as ours is we will always find that resources must be taken from one industry and put into another. [More…]
The only way in which we can achieve a proper allocation of resources in an economy such as ours in the long term is to keep these price signals coming through with crystal clarity. [More…]
I am quite definite in saying that if these price signals are to be used as an effective method of governing the economy we must have restrictive trade practices legislation that is effective. [More…]
The interests of consumers are not being protected in the current economy. [More…]
It is a Bill which will enable the people of Australia, if they so choose, to confer certain power on the Australian Parliament to control the economy, namely, the power to make laws on prices. [More…]
It certainly looks as if they want to see the national economy reduced to chaos so that they might be able to scrape back into government. [More…]
It is, of course, the duty of the Opposition to oppose, but surely as the alternative Government of this country it also has a duty to exercise a responsible attitude to the national economy. [More…]
Price control is a necessary part of any Government’s arsenal to control the economy and inflation, but it is only a part. [More…]
This measure will give a most important weapon to the national Government to enable it to control the economy. [More…]
If the Liberal and Country parties oppose this Bill they will not only deny the responsibility of the national Parliament to control the national economy but also they will deny the Australian people the right to say at referendum what they want. [More…]
The economy in December continued high inflation with the worst employment for 5 years.’ [More…]
Does he honestly and sincerely argue that the economy is basically healthy with a consumer inflation rate of 13.2 per cent; with bottlenecks and shortages becoming endemic and covering a very large sector of industry; with the loss of man days worked through strikes reaching record figures - 860,000 in January to June 1973, but twice as many as in January to June 1972 - and with the loss of wages of $13m in January to June 1972, rising to $24m in January to June 1973? [More…]
But what is obvious now, and was strongly suspected at the time the Labor Party assumed office, is that Labor had neither the talent nor the ability satisfactorily to administer the Australian economy. [More…]
The Opposition sees this Bill as another example by this Government of its lack of concern for country industries; of its lack of concern for exporting industries; and of its lack of concern for the total Australian economy. [More…]
There is a fair amount of evidence of the health of the rural economy at present. [More…]
It would appear from acts of the present Government that it is hell bent on interfering with one of our greatest industries, our biggest primary industry apart from wool, our second biggest export industry, which was worth $859m in 1972-73, and if it is not interfered with too much its value will increase and its exports will bring great benefits to Australia and stabilise our economy, which is under threat at the present time. [More…]
Recommendations for the adjustment, from time to time, of social welfare programs in the light of changing community circumstances and attitudes and the state of the economy. [More…]
As my colleague says it will affect the whole of the national economy. [More…]
I am supporting the Bill that is before the House because it is a measure aimed at assisting the general economy of the nation. [More…]
These people have a very marked effect on the economy of Australia. [More…]
However, it appears that the cost to the consumer will be in the region of $50m a year and to the primary sector of the economy about $20m a year. [More…]
Full employment and a continually growing economy have altered the attitudes of employers and employees. [More…]
If agreements concerning standard hours of work, for altering rates of wages on grounds fundamentally related to the national economy, for altering minimum wages and annual leave, do not have to go to the Full Bench for certification then clearly unions will tend to prefer agreements to awards. [More…]
Having said that, we have to realise that Australia is a changing place and that when we look at the arbitration system we must look at it in an economy which is in a state of flux, which is fluid and changing under the impact of international stress and domestic economic pressures. [More…]
This is merely to indicate some of the trends in this fluid state of the Australian economy. [More…]
Within a space of 2 to 5 years the arbitration system will be faced with a different national economy, one without all the economic convulsions going on at the present time but which will have worked their way through the system and through the economy. [More…]
What the Government has to ensure in relation to the arbitration system is that the system is ready to operate smoothly and efficiently within this changed national economy. [More…]
It is of no use waiting until the economy has finally settled down. [More…]
All those limitations, on using conciliation and arbitration - the narrowness of the concept of an industry, the concept of a dispute or the extension beyond one State - should be swept away and the plenary power that is necessary in a single national economy should be vested in the national Parliament. [More…]
-Firstly, a government has responsibility for the general management of the economy, which can be adversely affected by events in the industrial relations field,. [More…]
Fourthly, in genuine industrial disputes between unions and employers there comes a time when the parties, in the public interest, cannot be left to fight out to the bitter end a war of industrial attrition which could easily seriously undermine the workings of the economy and national stability. [More…]
Industrial unrest causes hardship and inconvenience to individuals; it disrupts industrial efficiency and retards output; it rebounds on the workers involved, causing them needless losses in income and prejudicing the employment of the men concerned; and it has adverse consequences on the economy. [More…]
In an economy subject to unpredictable strikes, businesses will try to protect themselves by carrying large stocks both of materials needed in production and of finished goods. [More…]
A less obvious but no less serious effect of direct industrial action is that it damages business confidence - always a sensitive element, even in the most virile economy. [More…]
It often seems impossible that we will have any industrial peace in an economy with the forces ranged in this way. [More…]
Great changes have been made in the society by the impact of Europeans, monetary economy, Western education and Christian religion. [More…]
I recognise in the first place that the Bills are very important because they deal with communications, civil aviation - a vital component of the developing economy of the Territory - and the progress of the economy. [More…]
So, effectively, the increased costs are coming from the primary production area of that section of the economy. [More…]
Australia is a federation similar to West Germany, the United States of America and other countries where the governments of those countries have complete power over the national economy. [More…]
That money was allocated and appropriated in August of last year, was spent in January and February of this year and generated its way through the economy in about March and April with the result of a level of 13 per cent- [More…]
The fact of the matter is that we see an opportunity io bring to the Austraiian people a right to make the choice whether this Parliament should be given power over prices and incomes and to extend our constitutional power to govern the national economy. [More…]
Who can argue that in a country like Australia with its enormous development the Australian Parliament should not have adequate constitutional power over the national economy? [More…]
Imagine running the economy of this country dependent upon the several different decision making processes of the States. [More…]
It is a very small part of the overall tools which should be available to a central Government in administering the economy of a country. [More…]
But the mess today, whether it is in tariffs, whether it is in exchange rates, whether it is in the way resources are distributed, whether it is in the collapse of primary industry in various sectors or whether it is in the existence of poverty over a wide range of the economy, represents the heritage of 23 years of Liberal-Country Party administration. [More…]
They are concerned about their wealthy friends who for years have been milking the economy dry. [More…]
In addition to such direct benefits of co-ordinated multi-policy action some countries have drawn attention to the beneficial psychological impression made on public opinion that no opportunities are being neglected in the search for remedies for inflation, and that the Government’s policies are not unfairly hitting one or other group in the economy. [More…]
A long term application of such policies would have serious effects on the economy as artificial barriers are set up to hold back the interaction of market forces. [More…]
The real danger is that the Labor Government, with its belief in a socialised economy, would seriously misuse prices and incomes powers as part of a general program to abolish Australia’s free market economy. [More…]
This is a Government which has not only shown its extreme ineptitude in managing the economy but also has shown a preparedness to cast aside public undertakings to suit its own immediate objectives. [More…]
Professor of Political Economy at Cambridge University. [More…]
Clearly, as the quotation I have used indicates, power over prices is intimately connected wilh the management of the economy. [More…]
We have in Australia an economy which is subject to many distortions by way of a ramshackle taxation system, an illogical structure of tariffs which, despite the best efforts of many devoted public servants still reflects the past lobbying activities of a diversity of commercial interests, a financial system artificially fragmented toy the economically meaningless distinction between banks in terms of the Banking Act, and other financial institutions which accept deposits and lend money. [More…]
Yet we still find many otherwise responsible people arguing that the Government should not interfere in the workings of the market economy, even though, when they are speaking about other subjects, they will admit that we have a market system that works only hesitatingly and imperfectly. [More…]
It may be more effective to introduce a counter-distortion, with the net effect of moving the economy closer towards the ideal market outcome. [More…]
Thus in many cases of practical economic policy it is desirable that there should be power vested in the Government, which has the responsibility for national economic management, to interfere with the inefficient and imperfect, the collusive and distorted, workings of the markets of the Australian economy. [More…]
We are, however, like just about every other so-called market economy in the world, suffering from a rate of inflation much higher than that which we would like. [More…]
Apart from the social costs in terms of unemployment which any rapidly acting measures of this kind would have - social costs which are totally unacceptable to this Government and to the community- there is the clear danger that draconian monetary and fiscal measures will precipitate the economy into recession and stagnation. [More…]
We intend to equip ourselves with the powers to effectively and properly manage the Australian economy. [More…]
There has been an assertion that there is an intention in the management of the economy - to deal with incomes and prices so that there could be a control of those 2 aspects of the economy. [More…]
This has the consequence of having no relationship to the other main arm of control of the economy. [More…]
No doubt it has been increased with good intention and by reason of the inflationary trend in our economy to help these institutes and their inmates. [More…]
The problems of the economy at the moment have largely been aggravated by the massive increase in the volume of money in the economy, as I mentioned yesterday, that is, a massive increase in the degree of liquidity available. [More…]
The Government proposes to extend this system to industries in other sectors of the economy because it believes the system has, over a long period, proved its value to successive governments in an important and difficult area of government decision making. [More…]
The first stems essentially from the fact that the Commission will be a single institution, with the responsibility for advising on the assistance which should be given to industries in all sectors of the economy. [More…]
This Government has inherited a complex, confusing and inconsistent collection of measures which discriminate between individual industries - particularly as between primary and secondary sectors of the economy. [More…]
This clause covers any industry, whether in the primary, secondary or tertiary sector of the economy. [More…]
Secondly, the mandatory provision relates to questions of assistance to individual industries in the primary and secondary sectors of the economy, but not to industries in the tertiary sector. [More…]
It is apparent to all that the program has been controlled by the motive of securing an affluent economy for the nation and virtually nothing has been done towards securing the welfare of migrant families. [More…]
I am sure that all who have heard this debate so far will feel a sense of disgust and shame at some of the cheap political gimmickry which has come from the other side of the House and the cheap gratuitous insults which have been offered at a time when the people of New South Wales are suffering considerable hardship and the economy of this country is suffering because of a severe industrial dispute. [More…]
By adding the estimated S223m to bc derived in 1973-74 from these increased duties to the swingeing increase in the personal income tax and other tax increases, the Treasurer gets a prospective total increase in receipts of nearly S2,000m or, to use the American term, S2 billion - to match the Government’s irresponsible super boost in spending of $ 1,938m, an increase of 18.9 per cent overall, but in its impact on the domestic economy - the effect that counts - it is an alltime high increase of 20 per cent. [More…]
Private consumption, housing, other private non-building despite a small reduction in July, even now at long last and hopefully private fixed investment are rising at real rates which are equal to the projected total output of the economy. [More…]
As I said, this Budget is best categorised as the phoney Budget and the greatest phoney aspect is that the Budget, the main instrument of sound and responsible economic management of the economy, should be constructed on this occasion as an instrument not of containing inflation but of sustaining, and indeed as I have suggested, of fostering galloping inflation; that is to say, domestically generated inflation superimposed on the situation where it is true there has been a significant measure, but not exclusively so, of so-called imported inflation. [More…]
If we accept the fact that the last Budget introduced by the Liberals was an election Budget designed to eradicate a pool of unemployment of 130,000 persons and also to save their sagging electoral stocks, and if we realise also that the excess money which was proposed for expenditure in that Budget finally trickled into our economy in March and April of this year causing an inflation level of 13 per cent, we understand that we cannot afford to put very much more money into the economy directly in the succeeding Budget. [More…]
While the imposition of any excises or any indirect taxes is a distasteful action for any government to take, the fact of the matter is that additional amounts cannot be spent on education, welfare and in other areas without making an additional collection to see that there is not any more net amount of money moving into the economy to aggravate the inflationary situation and by that factor in fact very much diminishing the value of money going into the pockets of working people throughout the length and breadth of Australia. [More…]
We have raised the statutory reserve deposits with the savings banks in order to take money out of the economy. [More…]
In my book, these measures only tend to increase that inflationary situation and do not in any way assist the economy of this country. [More…]
As I listened to him speak a few moments ago, wailing about what is wrong with the economy and what is wrong with the administration and what is wrong with the nation, I could not help but think what a tremendous improvement this Government has made in a few months on anything those on the other side did in 23 years of Government. [More…]
I doubt whether I shall be supporting that line of thought, but at least the productivity figures and the increase in the average weekly earning rate point to the fact that no economy can stand up to undue increases in wages and in prices. [More…]
I put this quite seriously because it is most urgent that if the Federal Government is to take advantage of the huge additional yields that the figures I gave earlier suggest will occur during this 12 months, it should try to channel something back to that productive element of our economy. [More…]
My appeal tonight to the Treasurer in relation to his conduct of the economy of Australa is a very sincere one. [More…]
In spite of the severe nature of our current inflationary problem the Treasurer has failed to make a major statement to the Parliament on the economy. [More…]
The Opposition Parties believe that the Treasurer should make an immediate and detailed statement to this Parliament on the economy. [More…]
The Australian economy is well and truly on the skids. [More…]
In view of the unique servicing position of local government at the grass roots level of Australia’s economy and in view of the fact that already 25 per cent of local government income is going to be used to pay interest on borrowed money, will the Treasurer consider exempting or partially exempting local governments’ 1973-74 borrowings from any increase in interest rates or can their difficulties be eased in some other way? [More…]
It seems to me that there is a great deal of merit in heading out to achieve every possible degree of economy and efficiency in the utilisation of all our construction resources, whether they are manpower, material or anything else. [More…]
The history of this turtle farming is that, with the phasing out of the pearling industry in the Torrest Strait Islands, some thought had to be given to another industry which would result in some monetary injection into the cash economy of the Islanders. [More…]
It has done much to open up the country and to strengthen the economy of the Northern Territory. [More…]
This survey is being undertaken in a massive economy drive and most towns with a population of under 1,000 people appear to have been served with notice of this curtailment of service. [More…]
Honourable gentlemen will recall that early this year, because of the circumstances of the rural economy, I brought in a Bill to provide $3m for hardship cases involving students at the tertiary level. [More…]
There was a droughtaffected economy. [More…]
For many years I have been an advocate of the highest possible wages that could economically be paid, and for many years I have also been an advocate of the shortest working period that was consonant with the maintenance of our economy. [More…]
I place myself on the side of those who take the most liberal view in this matter, but I do not believe that at the present moment we can envisage either shortening hours or increasing wages because of the extreme inflationary situation in which we are placed and which is, I think, one of the most dangerous things that any economy can face. [More…]
If I might use a simile, it seems to me that the Australian economy is rapidly getting out of control like a car careering down a hill. [More…]
What we must do is confine ourselves to those sectors of the economy in which there is a distribution of the gross product between wages and salaries on the one hand and gross profits on the other. [More…]
This means that we must exclude a few sectors of the economy in which no such distribution occurs, either because the gross product is comprised wholly or almost wholly on wages and salaries or because it is all gross profit. [More…]
On this basis, therefore, there are 3 sectors of the economy that should be excluded. [More…]
The statistical adjustment is necessary to correct for the bias that would arise if wage and salary earners become a greater or lesser share of the total number of employed persons in the economy. [More…]
Thus if we had a 2-sector economy, one sector distributing its gross product mainly in the form of wages and one sector distributing its gross product mainly in the form of profits, and if the gross product of the first sector was growing faster than the gross product of the second sector, the wages share in the total gross product would increase continually without any alteration of shares within the sectors. [More…]
That is to say, over that period of 23 years from 1948-49 to 1970-71 - and this is on the latest available figures - which period apart from the first year and a half, was a period of LiberalCountry Party government, in those sectors of the economy where there is a breakup between wages and profits the average drop in wages and salaries share was almost half of one per cent per annum. [More…]
Of course, part of the present world inflationary pressures which stem from high food prices, and which are being substantially reflected in price increases in our own domestic economy, can be sheeted home to the past restrictive import policies for foodstuffs of the major industrialised countries. [More…]
I was also encouraged both in the discussions in the meetings and in talks I had during the course of the meeting with Trade Ministers from other countries by the apparent sense of willingness to face up to the fundamental issues of a more liberal and a more equitable world trading economy. [More…]
Australia, like Japan, is committed to some restructuring of its economy, but they are different economies and have different structures. [More…]
Japan’s economy is moving in the direction of further development of, and dependence upon, its human resources and upon high technology production. [More…]
The significant thing in Japan is that government and industry leaders have conceded this to the Japanese people and have accepted the need to modify purely economic criteria as the standard and measure of what is done and adopt a policy to improve the quality of life by a genuine internationalisation of the Japanese economy. [More…]
This development of the Japanese economy into an international context can be in the national interests of Australia. [More…]
Wc cannot impress on the 2 domestic airlines that they should introduce economy class fares on all their air routes. [More…]
The previous Government let the private financial institutions do what they liked and it regulated the economy by turning the screw on the low income earner who was trying to provide shelter for his family. [More…]
To overcome this problem of aggregation Mr Tilling adopts a technique developed by Phelps-Brown - which the honourable gentleman would know all about, I hope - the effect of which compensates for the changing structure of the economy. [More…]
The decision about the use of the facility flows from the decision of the National Aeronautics and Space Administration, our American friends, to close down the Island Lagoon facility, or at least no longer to finance it, because of the decision it has taken to consolidate its enterprises in other parts of the world and Australia as part of a general economy drive, I understand. [More…]
Equally, we recognise that the independence of our national economy should be maintained. [More…]
The real problem is ensuring that there is sufficient investment capital available at a reasonable cost for the Australian economy to maintain an adequate growth rate and to develop in the right direction. [More…]
In more general terms, an over-zealous buy-back scheme may be expected to scare off foreign investment capital and thus have a detrimental effect on the national economy as a whole. [More…]
The AIDC would be a vehicle for the socialisation of large sections of the Australian economy and a mechanism for the avoidance of proper parliamentary control of public funds. [More…]
It is undesirable because it may become the vehicle for the socialisation of large sections of the Australian economy. [More…]
Section 2 of the Act summarises these objectives by saying that the Corporation ‘will help develop and maintain strong Canadiancontrolled and managed corporations in the private sector of the economy and will give Canadians greater opportunities to invest and participate in the economic development of Canada’. [More…]
We have heard much whingeing from the Deputy Leader of the Opposition about the attempts by the Labor Party to socialise the economy. [More…]
In my view his was a treacherous speech in terms of the national economy of Australia. [More…]
But when a Government institution wants to do this they say that we are socialising the national economy. [More…]
The present degree of over seas ownership exists because Austraiian resources of management and finance were employed and needed in other areas of the economy. [More…]
If it is ownership we need to know the exact disadvantages to Australia of foreign ownership, the need for direct government intervention to counter it, and the areas of the economy in which it is most undesirable. [More…]
The present Act limits the scope and functions of the AIDC while enabling it to perform a useful role in the economy. [More…]
Once again we are to see yet further proliferation of statutory organisations, each having vast individual economic powers, and able to exercise very substantial influences in the operations of the economy, its direction and nature. [More…]
If the Australian Government intends to use the IRI as a model for the AIDC, this Parliament is entitled to a full explanation as to the intentions of the Government for certain industries and areas of the economy. [More…]
I believe today with the amendments and the extended powers now being given to AIDC it will mean undue bureaucratic involvement in the private sector of the community and is a major tool towards socialisation of many of the productive areas of the Australian economy. [More…]
If the AIDC is approached by many enterprises then it will contribute to the expansion of the economy which surely is in the interests of the banks and the ARDB. [More…]
It was restricted in this way by the father of the scheme, Sir John McEwen, in order to prevent competition for the relatively limited pool of savings in Australia becoming so severe that it would, firstly, drive up interest rates; distort the effective allocation of resources in Australia; and, draw loan funds away from the Australian Government, semigovernment and local government authorities and from the private sector of the economy into projects favoured by the AIDC; and secondly, to reduce the pressure of demand in Australia for goods and services produced here. [More…]
This is bureaucracy gone beserk and will do incalcuable harm to the Australian economy. [More…]
We have had until now a record second to none in terms of stability of economy, government, administration, opportunities, ways and means and progress. [More…]
He used a highly emotive expression that has since been criticised but he went on to say that the performance of the previous Government was not good enough in letting the economy progressively run down, making ends meet by allowing a little bit of the farm to be sold off every week or every month. [More…]
It must be borne in mind that these schools contribute in no small way to the economy of their various areas. [More…]
I make a strong plea that if we are talking about productivity, if we are talking about uplifting the economy of this country, we ought to give greater attention to this vital sector of education - technical education. [More…]
It is quite clear that for the great majority of those who are now seeking to resign the attractiveness of the defence forces retirement benefit provisions has had some influence on those who believe that they would be advantaged not only in terms of their retiring allowances but also in terms of a full employment economy, that is, that they would have greater opportunities by retiring somewhat earlier than at the ages at which they would retire if they completed their terms. [More…]
The effect of the Corporation’s moving into this already well served area of the Australian economy is that by establishing in competition to existing entrepreneurs in the field it will reduce their economies of scale and therefore increase the cost of their services to the public at large. [More…]
It seems to me that the Australian people have already clearly indicated that whilst they are happy and satisfied with the general private enterprise nature of the economy, they want to see a properly constituted public authority express a little more power and a little more competitive influence in this situation. [More…]
The investment decisions of the life offices have, in many ways, run against the interests of the national economy, particularly when one has regard to the areas into which money has been channelled. [More…]
I do not object to the principle - in fact I support it - that industry which seeks protection or assistance should be subjected to an examination to determine its economy and its efficiency. [More…]
But the criteria of economy and efficiency are by no means the only criteria on which the Government, as distinct from a body set up to look dispassionately at the economics of an industry, must make its decisions. [More…]
I think that in that there is a great virtue - virtue which is accepted by almost every other mixed economy in the world. [More…]
When compared with almost every other country with a similar mixed economy to ours, we are well down the league table. [More…]
Hence it can be argued that one commission should be charged with the job of making long-term judgments about industries in all sectors of the economy - of course in an advisory position only. [More…]
I only give this warning: As the world boom reaches its peak - it may have already done so - there will be a flood of imports and a setback to industry in this country of very significant proportions and that will be a major contributing factor to the stagflation - continuing inflation but a slack and perhaps some unemployment in the productive sectors of the economy - which will in due time inevitably be the outcome of the policies of this Government. [More…]
Currently we have tariffs on imports that are estimated at $3, 300m a year, direct payments to rural manufacturing, mining and other industries of $402m a year, promotion and research payments of $37m a year, and revenue foregone varies up to $282m depending on the financial year - a grand sum of 54,02 lm worth of protection in the Australian economy. [More…]
Surely it is obvious to anybody that from time to time this sort of protection needs to be adjusted in the light of changes in the economy. [More…]
But the price we pay for protecting government from this sort of criticism is a sluggish economy and policy that is not properly based and researched. [More…]
This price is far too high for a sophisticated economy to pay. [More…]
Sir John Crawford referred to a situation which often occurs in our economy in which we encourage an industry by direct subsidies and discourage the same industry by tariffs on its inputs. [More…]
It was because we had sectional interests being represented in different ways under the Country Party’s leadership that we had so many problems, that we had so much dissension, that we had the agricultural community complaining about the level of tariff protection given to secondary industry and that we have the public at large misunderstanding the basis on which assistance is to be given to agriculture within the confines of this Commission, where all the economic parameters will be considered, there will be a better understanding of not only our agricultural community but also all those other sections of our economy which from time to time require assistance. [More…]
We have computers, we have the expertise, we have the academics who are so sorely criticised by the Country Party who can make their contributions to this wider appreciation of the ramifications of change in the economy. [More…]
It is vital that we have a systematic approach to resource allocation, and the distinction between that approach to economics and the short term measures that are necessary to alleviate unemployment or to stem inflation or in any other way to manage the economy on a day to day basis, are quite correctly not the prerogative of this report. [More…]
In a sense, this report is concerned with the base of our economy, and a better understanding of that base will lead to a better management of the economy. [More…]
It is the enlightenment that will flow from this report which will be of assistance in the short term management of our economy. [More…]
Any rational statement about the state of the economy at that time would have sounded like criticism. [More…]
Unless we are prepared to make a thorough objective assessment of our current tariff policies and where they are leading us, the economy of this country, and especially the export industries, I believe, are in for serious trouble . [More…]
I hope that Parliament will be instrumental in formulating a programme to establish a tariff policy in Australia that is based on sound economic principles, with an appreciation of the problems caused by current demands on the rapidly expanding full employment economy and with a much greater appreciation of the wider issues involved than has been evident in recent years. [More…]
This is fine for the employees of the particular industry, but it is a grave disadvantage to the other industries in the economy which do not have unused protection: In many cases they may not have any protection at all. [More…]
A similar critical approach should be applied to all sections of Australian industry, and it must be remembered that primary industry is an extremely important area of our economy. [More…]
The second reason is the growing interdependence of industries within the Australian economy, that is, the effects on an industry or group of industries through decisions made in relation to other industries, either granting or withdrawing assistance. [More…]
The Australian economy is a complex one in the primary, secondary and tertiary fields. [More…]
We are all members of one national economy with a common interest in each other’s prosperity or the lack of it. [More…]
No one section of the Australian community can be seriously disadvantaged for any length of time without disadvantaging the economy as a whole. [More…]
Not only will it perform a most useful function in creating an awareness amongst those who live in urban areas of the particular difficulties and requirements of the rural industries; it will also help to make primary producers and particularly the leaders of their organisations aware of the economic realities of the world market situation in which they have to operate and of their own industry’s place in the Australian economy. [More…]
These funds have made a major contribution to the industries concerned and indeed to the Australian economy and since, in my opinion, it would not have been appropriate to make these subject to this legislation, I am pleased to learn that in fact the legislation does not apply to them. [More…]
Should it appear that the Commission is exceeding its charter or failing to fulfil the high hopes that we have for it, these deficiencies will be corrected on our return to government, so that the Commission operates in the way in which we envisage it should operate to the benefit of the Australian economy and of the individual industries which comprise it. [More…]
When misuse is made of economic resources - money is only the representation of those resources; it represents the power or the authority to command those resources and to direct them within the economy - there is waste. [More…]
Investment is the key to economic growth in an industrial economy such as ours. [More…]
I shall quote several passages of a speech made by the then Prime Minister, Sir Robert Menzies, on the Australian economy. [More…]
I think it is worth while to advert very briefly to the present state of our economy. [More…]
If resources flowed naturally without interference by governments to the most economic and the most productive sectors of the economy, I have no doubt that - if that theoretical situation applied the primary industries in Australia would have no difficulty whatever in standing on their own feet without assistance at all from governments. [More…]
Is this a government that wants a diversion of the economy away from basic material production? [More…]
Does the government want the real strength of the economy diverted into merely satisfying temporary consumer demand? [More…]
There is no joy in it for the future of the Australian people and of Australia’s economy. [More…]
Some members of the House who have been here for some time will remember the lonely battle I had during the early years of my time in Parliament trying to get the House and the country to realise that there was another side - that protection, although necessary, could often be to the disadvantage of other industries and to the disadvantage of the economy as a whole. [More…]
It will not just make inquiries into tariffs and the granting of bounties but will consider all types of financial assistance which can be given to all types of industries whether they be in the primary, secondary or tertiary sectors of the economy. [More…]
I think it is an historic piece of legis lation which is a first move towards indicative planning which in my view, and in the view of the Australian Labor Party, is one of the needs of the Australian economy. [More…]
The aim is to develop a rational and consistent approach to all industries regardless of their place in the Australian economy. [More…]
The Government will be able to make any decision it chooses to make in the best interests of the national economy and of the people in general. [More…]
Those areas in turn make large demands on manufacturing industry for capital goods, the whole process contributing to a vibrant growing economy. [More…]
Indirect and less qualifiable benefits permeate the whole economy. [More…]
Manufacturing industry must continue to play this central role in the economy if our aspirations for economic growth through the 1970s and beyond are to be fulfilled. [More…]
The economy, of course, must be seen as a whole in a modern economy. [More…]
Obviously, the rural, mining and tertiary sectors will continue to play a vital part in the growth and development of the economy. [More…]
I do not need to labour the more qualitative contributions which manufacturing industry has made to the Australian economy. [More…]
It plays a key role in providing the capital equipment - the vehicles, farm machinery, business and communications equipment and all the rest that is so necessary in a modern complex economic society - without which our modern economy simply could not function. [More…]
To ensure the continued growth of manufacturing, it is the Government’s job to maintain a stable economic climate, with the economy in or near internal and external balance. [More…]
But looking further into the future, as we must, there is reason to have every confidence in a growing economy and the core role that manufacturing will have in it. [More…]
It will be essential for the development of the economy and the welfare of all Australians that it should do so. [More…]
Honourable members may recall that a couple of years ago reference was made in this chamber to matters being referred by the Tariff Board to outside bodies such as Monash University which was conducting a dynamic model study of the Australian economy and the effects that certain alterations to tariffs might have throughout the economy. [More…]
Obviously this Government, which is unable to cope with the problems of inflation or to manage the economy, seeks to pass these responsibilities to others. [More…]
As a result of being blocked by the ranges these waters are not being harnessed for the maximum benefit of the Australian economy. [More…]
The economy is in a shambles. [More…]
It is squeezing the economy and burdening every Australian taxpayer. [More…]
The Australian economy is in tatters. [More…]
I turn now to the Government’s handling of the economy. [More…]
It is being reflected in widespread shortages throughout the economy. [More…]
One year ago the Australian economy was just recovering from the slowest rate of growth it had known since the war - a disastrous 2 per cent or 3 per cent. [More…]
From our contacts with other sectors of the community with the people trying to buy land and build homes under the devastating policies of this Government; with manufacturing industry which provides the economic backbone of the economy but which is being bashed unmercifully by this antibusiness Government; with the mining industry which has seen the beginning of the process of seizure and confiscation which every socialist government employs; with people in all walks of life who are being hurt every day by uncontrolled inflation fed by Labor’s own reckless spending our impression of the feelings of all these people is that ‘it’s time’, time to call a halt, time to opt for responsibility instead of ratbaggery, time to seek sanity instead of socialist paranoia, time to get Australia back on the rails. [More…]
I begin by saying that we did nol inherit a good economy despite what the former Government, the present Opposition, might say. [More…]
I asked my officers, as a matter of interest, to give me the increase in civilian employment from August 1971 to August 1972, and I got the answer that the increase for that period was 46,400 as against 183,000, an increase of 46,400 in an economy that ought to have been finding close to 200,000 new jobs. [More…]
Is not our job to try to get right priorities and balance in the economy? [More…]
That is also true about the economy. [More…]
The direction of an economy cannot be changed shortly. [More…]
The backbone of an economy is not the particular section that produces the food or raises the wool. [More…]
The backbone of an expanding economy is, in the long run, rising consumer purchasing power in the hands of the great majority of the people. [More…]
We have taken systematic approaches to the economy since 2 December. [More…]
Three-quarters of what takes place in the economy takes place outside the framework of the Budget. [More…]
This Government, in a short period of 10 months, has created a massive erosion of confidence in the Australian economy; has allowed inflation to reach levels unprecedented in the past 20 years; has generated the highest level of interest rates for the past 100 years; has allowed industrial unrest and turmoil in the industrial jurisdiction to reach intolerable proportions; has dishonoured a series of major promises; has deserted disadvantaged groups in the Australian community; has destroyed the future development of the mineral and mining industries; has sought to squeeze the private sector and the State governments and, to compound those felonies, has run this Parliament in a manner contemptuous of all its forms, all its precedents and its effective functioning. [More…]
The Australian economy is now threatened by super inflation of a magnitude which has not been equalled throughout 2 decades of government. [More…]
These tendencies, which would make the economy vulnerable to downward external shocks, could arise from a falling demand in investment in capital goods industries since a transfer of resources to meet current consumption cannot practicably be made in such a way as to ensure the continued full employment of resources; a falling demand for consumption goods as in the face of declining real income, people exhaust their savings, and a transfer of all their foregone consumption cannot in practice be made to higher income groups; Community uncertainty which could further curtail real investment expenditure already depressed through Government policies. [More…]
The Government has shown clearly its incapacity to manage the Australian economy. [More…]
It has failed to exercise proper demand control measures; its own spending has placed an intolerable strain on domestic resources; it has deliberately sought to repress the private sector and to expand non-productive segments of the public sector; it has caused a massive loss of confidence in the economy; and it has refused to take effective corrective economic measures in the face of runaway inflation. [More…]
Instead of calling, with a sense of national responsibility, for that type of restraint which is essential in a full employment economy, he has provided a direct impetus to the build-up of inflationary psychology. [More…]
A significant downturn in investment will have serious long term implications for the real growth of the Australian economy. [More…]
The Opposition spokesmen so far have demanded that more should be spent on defence, that more money should be given to the States and that there should be a restoration of funds and benefits for the rural sector of the economy. [More…]
We will not deny those who built this economy. [More…]
The failure of the Budget as an instrument to control an even balance of the economy was recognised 3 weeks after the event with a further revaluation decision and another quite disgraceful decision which is making interest rates higher than they have been in 100 years of Australia’s history. [More…]
But they both will be in the one Ministry, happily chopping along, wrecking the economy again as time goes on. [More…]
Equally, we believe that the Commonwealth Government must have that degree of economic authority which is necessary to facilitate the effective management of the economy as a whole. [More…]
They buy wheat because of market factors and quality and because it fulfils a requirement in their economy. [More…]
It is ironic that this is the first government in 23 years which has, in fact, introduced real competition into both the external and internal economic mechanisms of our economy. [More…]
We go there with a concern for the developing countries, recognising that a selforientated economy, a selfish approach towards these negotiations would, in the long term, be self-defeating and certainly antisocial. [More…]
By the second half of 1972-73 the economy had shown that it could withstand these shocks without undue disruption and it could do this relying upon itself without any special outside assistance. [More…]
The GNP was devised only to be a measure of the distribution of goods and services produced by an economy, and it does not relate to the sorts of needs of which I have just spoken. [More…]
If interest rates have peaked, as he said this morning, how does the Government intend to mop up excess liquidity in the economy? [More…]
Australian farmers have to increase their efficiency and productivity if they are to keep pace with inflation and rising costs and the adoption of new and improved management practices is one of the best ways of achieving these things for the benefit of farmers themselves and the national economy. [More…]
This is still in contrast to his colleagues who still want the open door policy even if we cannot use the reserves we pile up, even if our economy gets completely distorted. [More…]
I am pleased to note that that progress - which is based on the very sound economy that was provided for Australia by the previous Government - is still flowing on in spite of some disadvantages that this Government is bringing to this country. [More…]
And this is extremely important - and who will measure the efficiency and economy of all Departments and fearlessly bring to light all failures and with power to report direct to Parliament on the same principle as the Auditor-General is expected to fearlessly bring to light any lapses in honest and accurate accounting . [More…]
The reason for this ability was that the previous Government set an economy in which such individual judgments can flourish. [More…]
The only mistake the honourable member can make is by interfering with that economy. [More…]
By and large the only mistake the honourable member could make would be to interfere with industries that are going very well on the basis of an economy already set and on the basis of huge world demand, perhaps of a temporary nature. [More…]
I would like to make some comments about tariff cuts and the effect that they have not had on our economy, or the effect that they were expected to have and have not had. [More…]
Just to show the importance of Western Australia to the economy of Australia I point out that Western Australia’s export earnings in 1972-73 were $1,1 58m and imports totalled $394m. [More…]
They enable particular enterprises or groups of enterprises to attain positions of economic dominance which are then susceptible to abuse; they interfere with the interplay of competitive forces which are the foundation of any market economy; they allow discriminatory action against small businesses, exploitation of consumers and feather bedding of industries. [More…]
The progress being made under the existing Act is such that it would be many years before the legislation had any significant impact on the economy. [More…]
It has not done that and the money has now been built into the price of land and becomes a part of the economy of the farm. [More…]
I think particularly of Labor members representing the State of Tasmania because they will appreciate the serious consequences this Bill will have on the Tasmanian apple market and on the Tasmanian economy generally. [More…]
The economy of towns, districts and whole areas is based on it. [More…]
In Tokyo on 29 October he said that, in part due to the contribution of overseas investment, within a generation Australia has developed from a largely agricultural and pastoral economy into a modern, increasingly industrialised and diversified economy. [More…]
Its foreign policy is compromised, and its economy is vulnerable to economic ringbarking. [More…]
But the presence of restrictive practices can explain only why prices are at a particular level and why relative prices between different industries or companies in the economy are distorted. [More…]
Together, these are likely to result in stagnation in the movement of resources and management within the economy and to insulate and entrench inefficient management, especially in the large firms. [More…]
But, within the framework of a modern mixed economy it is encumbent on governments to pursue effective competition policies. [More…]
There is no doubt that effective competition policies contribute to the real economic growth of the economy by increasing productivity and that they place significant restraints on both price and cost pressures. [More…]
There is no question as to the desirability of more effective competition measures within the Australian economy. [More…]
That, in essence, is the view of the Government’s major economic policy department which, to the detriment of sound economic management, has been ignored on many matters of vital importance to the Australian economy. [More…]
The Australian economy for 3 decades has been internationally known as being hagridden by monopolies. [More…]
The seriousness of the situation is underlined when it is recognised that foreign interests have been able to use the lack of protection to take over important sections of the economy. [More…]
So, let us face it - we have a monopoly-ridden economy; we have an overseas dominated economy in many sectors. [More…]
His costs are added to by the degree to which those engaged in various sectors of the economy apply practices which restrain the full measure of competition and deny to the primary producer the advantage of that competition and the chance to buy goods at what would be a truly competitive rate. [More…]
So the basis of our concern is that the Bill represents a fundamental change in an area which I think is of real concern to the business community and we see the Labor Party again determined to disrupt the economy without regard to the necessity to maintain employment and the level of activity which has been generated, not through any positive act by the Government but more than anything else by the significant improvement in primary producer returns. [More…]
After all, there was a $ 1,000m increase in returns last year and there will be another $ 1,000m increase this year through the conjunction of favourable seasons and favourable export markets which have given a tremendous incentive to this economy. [More…]
The important thing is that the Australian economy badly needs effective measures to deal with anticompetitive agreements, and the Murphy Bill effectively gets at the restrictive core of current trade practice: price agreements, none of which can be said to be good for the economy or gain to consumers. [More…]
We are living in a time when the economy is finely balanced. [More…]
This Bill contains a number of provisions which will benefit the Australian economy, assist the development of Australian industry by ensuring fair competition, inhibit the growth of monopolies which are against the public interest, and give more adequate protection to consumers. [More…]
In the time available to the Opposition it has not been practicable - in fact it has not been possible - to discuss the matters involved with representatives of industry, commerce and trade in order to find out the effect and the impact .the proposed clauses of the Bill will have on the economy of this country, lt has been impossible to assess what impact the proposals, if put into effect, will have upon employment prospects, the sound economic growth of the economy, inflationary pressures, the advantages and disadvantages to the consumer, and the effective allocation of resources within our community and the efficiency with which the production and distribution of goods and services are carried out. [More…]
I now come to those clauses which could well be seriously damaging to the Australian economy and society as a whole. [More…]
I believe that in the interests of efficient Australian production and distribution and in the interests of the consumer much more time is necessary to prevent loss of production and efficiency with consequent price increases and damage to the economy. [More…]
It is a Bill which will provide a competitive business environment in Australia and so produce a more efficient and healthy economy and at the same time make a contribution to the control of inflation. [More…]
Trade practices policy or antimonopoly policy fits into the category of long haul policies to manage and shape the proper development of the economy. [More…]
It will help in the present fight against inflation and in the future regulation of the economy. [More…]
This is happening in accordance with a set plan and every Australian should be working against the people who are trying to disrupt our economy and reduce our living standards in accordance with that plan. [More…]
Is it correct that primary production is one of the few remaining sectors of the economy that have not been very largely swallowed up by foreign interests? [More…]
The primary sector of the economy is perhaps the only major sector which has not been taken over largely by foreign interests. [More…]
Government will make certain that the primary sector of the Australian economy remains in Australian hands for Australia. [More…]
its effect on the national economy and the quality of health care for present and future generations of Australians. [More…]
In relation to the effect of our scheme on the national economy, I have indicated that the total cost is no greater than the present scheme but because we do not waste money, because we do not stand aside and ignore the crooked little deals that have gone on for too long between private health insurance funds and the governments of the post, and the Australian Medical Association to some extent because it has been in this to a large extent through the Medical Benefits Fund of Australia and also certain other arrangements, we will cover all the community at the same cost and with greater efficiency. [More…]
The motion urges that this House approve of the appointment of a select committee of the House of Representatives to inquire into and report on the effects on the Australian community if the present voluntary health insurance scheme is replaced by a compulsory, tax financed health insurance scheme as has been recommended by the Health Insurance Planning Committee and, in particular, to determine any likely inflationary effects, any over-utilisation of medical and hospital services, the cost to individuals, particularly in relation to hospitalisation, any discriminatory aspects for certain categories of taxpayers, any erosion of an individual’s freedom of choice of doctor or hospital and its effect on the national economy and the quality of health care for present and future generations of Australians. [More…]
I do so because I believe this clause clearly illustrates one of the great difficulties we face in analysing the Bill and making up our minds as to whether or not it is in the best interests of the consumer and the Australian economy. [More…]
The Crown has a responsibility of ensuring that the law is observed and if it has the courage and determination and the goodwill of the people at heart, it ought to act in the interests of society as a whole and should take the full responsibility for taking action that it regards as right and in the interests of the economy, society, the consumer and, for that matter, all people. [More…]
In practical terms, the Liberal governments of New South Wales and Victoria have centralised the economy, the commerce and the administration of their States in their own capital cities to an alarming degree. [More…]
The excessive capital inflow from overseas throughout 1971 and 1972 also built up a huge volume of liquidity in the economy, leaving an inflationary legacy for the new Government. [More…]
No doubt exists that the problems that remain for us in the building industry as a legacy from the previous Government are similar to the problems that we have been left in a great variety of different industries which are important in the economy of this nation. [More…]
The Labor Government is pursuing policies which are concentrated on diverting money for the building of homes from the private sector to the public sector of the economy. [More…]
There are so many of them that they cannot possibly have the economy of scale that one large fund would have. [More…]
If so, is it a fact that Dr Porter concluded that if the previous Government had revalued the currency in 1971 the current inflationary pressure on the Australian economy would have been markedly diminished and there would not have been a need to raise interest rates this year? [More…]
a long term parallel system for the Commonwealth Conciliation and Arbitration Commission and get back to the gut issue which is that industrial strikes are tearing this economy to pieces and robbing the people in Australia of the services they are entitled to have? [More…]
Economists have increasingly pointed out the dangers of overdependence on monetary measures to maintain equilibrium within the economy. [More…]
In short, the Australian economy is faced with a situation in which inflation continues at an entirely unacceptable level because the Government continues to pump money into the economy and to use interest rates to cut back private sector spending. [More…]
Since that period there has been a tendency to let her rip as far as the economy is concerned. [More…]
The proof of the pudding of the Government’s failure to implement its policies and to manage the economy effectively is that the economy is now in an awful bloody mess. [More…]
I said that the economy is in a mess. [More…]
If we get into a position where shortages of supplies in the community develop, that is when demand is too high and supplies are too low, then no matter what economy-even in a communist economy - the price of goods and services in real terms will inevitably rise. [More…]
The economy is in a shambles. [More…]
But nearly two-thirds of the total forces coming into this economy towards inflation are coming from external factors. [More…]
If you contain the expansion of credit internally but the borrowers go outside for their money and then bring it into the country they inject increasing volumes of money internally into the economy. [More…]
As anyone who understands economics knows there are lags between forces being set in motion and their starting to bite into the economy - and they are biting in right now. [More…]
The problem that we have is: How do we manage this inflationary position without causing the widespread suffering which has been symbolic of the management of the economy under successive Liberal-Country Party administrations? [More…]
We would rather bear with a little bit of inflation - we do not like it, it causes suffering in the community - and gradually bring it back under control than to move in with a mailed fist and hammer down the economy, as was done in the past. [More…]
Can there be any doubt that the problems have been injected into this economy by the mismanagement of the past? [More…]
Let me quote Dr Porter, who is also of the Reserve Bank and who also uses the Reserve Bank’s dynamic model of the economy. [More…]
The implication - of his research work - is that if Australia had revalued earlier, say, in late 1971, then the current inflationary pressure on the Australian economy would have been markedly diminished …. [More…]
Shrapnel’s ‘economic outlook’ said that even apart from food prices, ‘inflationary pressures are really building up in the economy’. [More…]
The simple fact is that the Government, from its inception, treated the economy as a plaything. [More…]
The real illness in the economy stems from the Government’s own actions and rapid expansion of the Public Service, particularly in the top echelons, combined with the jobsfortheboys mentality. [More…]
Let us look at what this Government has done to offset the effect of these important international factors on the inflationary aspects of the economy. [More…]
The point I want to make is that this Government must become more cautious to ensure that it does not increase the impact of the public sector on the economy as a whole, as there is a limit to the amount which the private sector can take. [More…]
It is nearly 6 years ago that I first advocated for the Ingham district in North Queensland, a reafforestation scheme which could prove of benefit to the north and to Australia’s economy generally 6 years of feasibility studies and correspondence between State Ministers and Federal Ministers. [More…]
If this project had been established when it was first brought to the attention of governments, north Queensland would be enjoying the benefits of such water storage at the present time with resultant improvement to our economy. [More…]
It is part of a pattern of economics which is vital to the economy of this nation. [More…]
Decisions have been taken on the score of economy. [More…]
How is the economy being achieved? [More…]
This action is another attempt by the Government to penalise primary industries and in so doing it is also penalising the economy of Australia because a big wheat crop and big wheat markets mean much to this country. [More…]
TAA has given an assurance that it will introduce 2 classes of fares - first class and economy class - which will permit a 20 per cent reduction in fares for the people of Western Australia. [More…]
Just to give the honourable member an example, for persons prepared to travel by economy class between Perth and Darwin there will be a saving of $62 on a return journey. [More…]
Local government already plays an important part in determining what uses are made of the resources of the Australian economy. [More…]
There is no doubt that, if we can get more skilled workers to Australia that will assist considerably to arrest the inflationary trends that are occurring in our economy at present. [More…]
In that year Arthur Calwell, who was then the Minister for Immigration, announced the establishment of a concerted immigration policy on the basis that increased population was essential to the growth and full development of the Australian economy in the post-war period. [More…]
This caused strains on the economy with the result that during the term of the previous Government the figure was dropped back to 140,000. [More…]
Our nation - our economy and society - is growing and becoming more sophisticated, and it is vital that we have these professional research organisations which deal with economic, sociological and medical research. [More…]
Then comes the production and marketing stage where the government’s role is that performed in Australia by the Australian Industry Development Corporation in the present structure of our economy. [More…]
In a market economy in which international competition is’ becoming increasingly stiff, industrial growth calls for the continuous renewal of production. [More…]
In a sophisticated economy it is no longer possible for us to rely on a fairly crude allocation of labour alone for an increase in productivity. [More…]
I believe that the Department of Science is a welcome development in the growth and maturation of this economy and our society. [More…]
The optimum will depend on such factors as economics of scale and the value of costs of local variability, including its effects on the localisation patterns of the economy. [More…]
This generalisation may be subject to some notable exceptions, however, in a growing economy. [More…]
A dynamic economy must be ready to adjust its government boundaries from time to time if it is to make the most of its potentialities. [More…]
The proposal to provide $30m in 1973-74 to help overcome the backlog in sewerage services can also be regarded as being inflationary in view of the current labour shortages throughout the economy and particularly in the construction industry. [More…]
The benefits of revaluation were stressed in the Treasury publication entitled “The Australian Economy’ of August 1973. [More…]
This lack of justification cannot be compensated for by the use of the technique advanced by Professor Phelps Brown to adjust statistical data for structural changes in the Australian economy. [More…]
With, I suppose, an absence of proper consideration for the economy but with true consideration for himself he will look around to see what else he can grow. [More…]
In an economy where the quality of Australian life is protected by long service leave, arbitration courts, tariffs and subsidies I am not prepared to stand idly by while members of the rural sector are denied this same quality of life. [More…]
At times when there was.. an increase in the domestic price of wheat, when the economy was good in terms of . [More…]
If the proposed legislation is applied in an uncompromising manner, business concerns, which are to become liable for Australian taxation, may withdraw from the island’s economy. [More…]
It is a very delicately balanced economy as I see it and it will not take much to unbalance it. [More…]
Although the Opposition accepts the Minister’s statement as one of broad policy, we nevertheless believe that the Government should outline the measures it proposes to take to protect the island’s economy from any adverse effects arising from the application of this legislation. [More…]
However, I reiterate that it is vital for the island to be assured of the Government’s intention to prevent inequity in the case of individual companies and, particularly, to prevent any adverse effects on the island’s economy. [More…]
This can have no other effect than a slow-down in the real growth rate of the economy. [More…]
It is the pensioners within our community who are suffering the most severe effects of the Government’s mismanagement of the economy. [More…]
One of the weakest areas in the Australian economy in recent years has been the private investment in such capital assets as machinery, equipment and industrial plant. [More…]
By forcing individuals with enterprise and management skills to take the risk inherent in a partnership or to divest themselves of a large part of the potential profit by floating a company, the Government is, in effect, depriving the economy of new entrepreneurial skills. [More…]
The Opposition believes that the income tax provisions have played a major role in facilitating the development of the industry and that the net cost of the provisions is low compared with the substantial benefits to the economy to which they have contributed. [More…]
From the very first day that we undertook the commitment to abolish the means test, we made it perfectly clear that that measure would have to be accompanied, for reasons of both equity and economy, by the introduction of taxation liability on pension payments. [More…]
It entirely deletes investment allowances and thus reduces efficiency in the productive element of the Australian economy, .that element being the manufacturing sector and the rural or primary industries. [More…]
Leaving aside for the moment whether such a definition is possible, there is a need to examine the extent of the inuflence which these Pitt Street and Collins Street farmers have exerted over the Australian economy and, in this context particularly, the economy of the primary industry sector, vis-a-vis the genuine producer, because if this is not known how can the Government make a series of decisions having very serious effects on all primary producers, not only those whom it is pleased to classify as Pitt Street or Collins Street farmers? [More…]
Can a government experiencing such difficulties in managing Australia’s economy blatantly say: OK, let us slash a few million dollars off the milk scheme’, thus leaving hundreds of thousands of Australian school children without the nutritional value that time has proved so important to their mental and physical development? [More…]
Secondly, country dairy producers will immediately lose what has become an important part of the dairying industry’s economy. [More…]
Nevertheless it does play an important part in the industry’s long term economy. [More…]
The project at Redcliffs on St Vincent Gulf in South Australia would be, from the point of view of both its economy and its efficiency, a petro-chemical complex of world standard. [More…]
It emphasises the Government’s clear intention to transfer resources from the private sector into the public sector of the economy. [More…]
I believe that they have been largely responsible for the outstanding efficiency and productivity of our primary producers who, operating in a high cost economy, have been able to compete on favourable terms with exports to under developed low cost economy nations. [More…]
In doing so, they contributed to the national economy. [More…]
In fact, it fits in as one ingredient of the whole program of management of the economy by this Government. [More…]
We have a situation to which I previously referred as perhaps the ‘chaos theory’ of managing the economy. [More…]
Government inherited an economy in good shape. [More…]
Surely we want a strong economy. [More…]
If we want a strong economy, we ought to see to it that private investment continues to grow strongly. [More…]
In a growing economy we need a capacity to meet demand. [More…]
5) will do to the Australian economy. [More…]
If the Government had deliberately said: ‘We are going to pursue a policy in this country of reducing to a minimum the rate of productivity increase of the economy and we will therefore go through legislation brought in by the previous Government and select those measures which will most achieve that particular objective, that is to strike at productivity’ the Government could not have done better because this is precisely what it has done in discontinuing the investment allowance to secondary industry and to primary industry and the accelerated depreciation allowance for primary industry. [More…]
Dr C. Duke, Director of the Australian National University Centre for Continuing Education, has warned that ‘the proliferation of educational commissions may artificially divide educational experience or perpetuate administrative divisions which already exist, in a way which does violence to the learning needs of persons in a rapidly changing society and economy.’ [More…]
These per capita grants should be adjusted each year so that they maintain a relationship with state school costs and respond to the inflationary pressures in the economy. [More…]
Notwithstanding my urging that the present Twin Otter services should be maintained, if on the ground of economy they are to be discontinued it is absolutely necessary that commuter services as envisaged, and indeed other services, should be maintained. [More…]
On the other hand, there will be great benefits to the traveller which will amount to about $800,000, representing a fare reduction for economy class passengers who at the present time are travelling under economy class conditions but paying first class fares. [More…]
TAA is proposing that the DCS will have first class and economy class accommodation, which we believe will represent a considerable saving to travellers on that route. [More…]
It will represent an immediate reduction of 20 per cent in respect of fares for those who wish to travel economy. [More…]
The DC9 is set up on the basis of approximately one-quarter accommodation for first class and three-quarters for economy class. [More…]
The Bill before the House has the support of the Opposition, primarily because it seeks -o remove from the rural sector some of tha problems resulting from low prices, high certs and bad seasons, thus enabling this significant section of our economy to recover and become stabilised. [More…]
In fact, if wool prices had remained at their low level goodness knows what would have happened to the economy of the country generally, let alone to the financial position of those in the rural sector. [More…]
At some other time I shall expose the absurdity of the Opposition’s current economic policies but today 1 want to demonstrate that in its last few years of office the previous Government was utterly irresponsible- - to use another of its favourite words - and left this Government a legacy of grossly excessive liquidity in the economy which accounts for both the present level of inflation and the tight money policy that this Government has had no option but to adopt. [More…]
The resultant upsurge of inflation in the world’s largest economy had been transmitted overseas by way of direct price effects and a balance of payments deficit which flooded the world with United States dollars. [More…]
The greatest burden, the greatest disadvantage that Queensland bears in relation to its economy, in comparison with the other States, is that a bigoted and insular Country Party Premier controls the State electoral system. [More…]
This philosophy envisages a more self reliant economy, decentralisation of economic activity, with emphasis on agricultural development and small scale artisan business activity, and a rapid increase in the proportion of the economy under Papua New Guinean control. [More…]
Seventhly, price control is simply incompatible with a consumer oriented, dynamic market economy; it must cause commodity shortages and blackmarkets. [More…]
It was, in fact, a Labor Government, in the full knowledge of the adverse effects to the post-war economy of price control which sought a continuation of powers over prices in 1948. [More…]
It is hard to imagine a better recipe for the creation of a milk-bar economy. [More…]
They will be at least ineffectual and at worst harmful to the economy unless we have noninflationary monetary and fiscal policies. [More…]
If prices are increased, that sets up a demand for increases in wages because they are the sole source of income for most consuming units in the economy. [More…]
Inflation requires systematic demand management of the economy. [More…]
So, we have a suggestion of a distortion of the economy, a suggestion that inflation will not be controlled and the statement of a very real need to consider the direct and indirect costs to the community of the application of price control. [More…]
Of course, something must be done about prices, but it is curious that, every time a Labor Government is in power in Canberra, it finds that its constitutional powers are insufficient for it to handle the economy. [More…]
The reason for this is that in an inflationary economy where the value of money is declining rapidly, to lock the landowner’s investment into a claim for compensation and for that money to be locked in for two, three, four, five or six years is to work an injustice on the landowner. [More…]
This hardship operates particularly as a consequence of the earlier High Court decision which, in the circumstances of the particular case before the High Court, indicated that the legislation did not require of the assessing body the inclusion in any determination of compensation a figure to take account of inflation within the economy. [More…]
Sometimes he talks of an inflation factor and gives to members of this Parliament the impression that his concern is to preserve the real value against the broad yardstick of inflation across the whole economy. [More…]
But is it fair then to lock the owner’s investment into the rural land investment when it is known by all that there is no area in the economy which fluctuates more as a consequence of conditions outside Australia’s control than rural land prices? [More…]
The broad problem is to what areas of the economy preference should be given in the allocation of research resources. [More…]
I believe that this is due mainly to the fact that we have no systematic professional research organisation devoted to the application of science and research in our economy. [More…]
So, Australian Government involvement, as high as it is, still in my view is unable to provide the permanent employment situation for the development of technology and the application of science in our economy. [More…]
I believe all parties in this House recognise the benefits to the nation of research and development, especially in an economy such as Australia’s where lack of scale and problems of isolation from world markets have particular implications for our growth and development. [More…]
Of course, a lot of this was due not only to the absence of this sort of legislation but to the fact that the foreign exchange policies of the previous Government induced an enormous capital inflow into Australia and there was so much money lying around the economy that foreign firms were borrowing on the Australian capital market to acquire companies in Australia. [More…]
Because of those policies, there was all this money in the economy. [More…]
Because of that situation, there is not the pressure for takeovers, because there is not so much free money lying around the economy. [More…]
When this Government came to power, it inherited an economy heading for a boom and it inherited a strong external balance. [More…]
Bigger allocations to consumer interests were paid for by deficit budgeting and by the large-scale withdrawal of investment incentives to producer areas of the economy. [More…]
One is torn twixt wanting perhaps to thank the Leader of the Australian Country Party (Mr Anthony) for introducing this subject - it is an important subject; there undoubtedly is a widespread shortage of goods in the Australian economy at the moment, and no one would deny that - and the urge to follow his example and be political. [More…]
Because there is money in the country and because the economy is booming as it has probably rarely boomed before. [More…]
After 12 months of a Labor Government the Australian economy is producing more than it has ever produced before. [More…]
Previous governments followed policies which allowed the economy to run down. [More…]
Stagflation was the word associated with the Liberal-Country Party administration in its declining years when inflation ran away but the economy died. [More…]
The previous Government thought that the economy was going into a boom stage so it put on the stops, full brakes, and put people out of work. [More…]
The economy was not rising at the time; it was going down. [More…]
The recovery which took place in the Australian economy between 1971 and 1972, when nearly 2 per cent of people were unemployed, has been effected in a much shorter period than might have happened 20 years ago. [More…]
It is something of an irony that the Minister for Secondary Industry (Mr Enderby), who preceded me in the debate, talked about the economy being in a mess at the time when the Australian Labor Party took over government. [More…]
It is the mess that the economy is in now that this debate is all about - a mess that exists after 12 months of Labor Government rule. [More…]
He says that the economy is in a mess. [More…]
I am sure that as a professor of economics the honourable gentleman will know that the economy of a nation like Australia cannot be likened to a Holden motor car that can be started and stopped at will. [More…]
As the Treasurer (Mr Crean) has told us on so many occasions, we inherited an economy that was ‘bad. [More…]
Just over a year ago the Australian economy was in good shape, inflation was at a controllable level and although we had problems, employment opportunities were growing strongly. [More…]
The Treasurer (Mr Crean) is supposed to be in charge of the direction of this nation’s economy, but when I asked him a question on the economic situation he would not face up to this tremendously important responsibility. [More…]
We look forward to it heartily, although the new Liberal-Country Party Government will have to ‘be responsible for cleaning up the mess in the economy. [More…]
They should stop the business bashing and get the economy back on the rails. [More…]
The prime motive of the Opposition is to attempt to influence a few voters in the forthcoming referendum against the Government’s wish to have the same powers as are possessed by every other national government to control the economy and to control the financial sector - powers over prices and incomes. [More…]
Anyone would think from listening to the honourable member for Mcpherson (Mr Eric Robinson) who has just resumed his seat, that when this Government came to power it inherited a sound economy, an economy which was in good shape. [More…]
What it inherited was a sick and staggering economy, policies of stop and go. [More…]
So on top of this volume of money that is in Australia today an extra $600m will be pumped into the economy - into the wheat industry. [More…]
An increase of something like 546m will be pumped into the economy this year. [More…]
Taking the total value of crops, it is estimated that an increase of something like $800m has been pumped into the economy in the last 2 years. [More…]
Taking the total value of rural production, it is estimated that an increase of more than $ 1,000m will be added to the economy. [More…]
The economy was in a period of pronounced boom. [More…]
The supply capacities of industry were stretched as demand pressures were fed by the high level of liquidity in the economy. [More…]
In contrast we have in this action of a 25 per cent across-the-board cut in tariffs, a measure properly of a long-term character, but introduced in the context of the shortterm management of the economy. [More…]
Look, Mr Minister, the answer to that question is that we must look at the overall condition of the economy. [More…]
The implication is that if Australia had revalued earlier, say, in late 1971, then the current inflationary pressure on the Australian economy would have been markedly diminished . [More…]
I find it equally unfortunate that, in the amendments that are being accepted to clause 22, there are still being passed to an advisory body outside the immediate control of this Parliament and the Government responsibilities that are so wide as to pass to it almost complete control over the direction of significant areas of the Australian economy. [More…]
The apple and pear industry was at one time a vital and a vigorous industry that brought a very great number of benefits to the Tasmanian people and to the economy. [More…]
These are people who have made a very great contribution not only to the Tasmanian economy but also to the economy of this nation, and they are looking forward and the industry is looking forward to this Corporation being an effective answer to some of the current difficulties that face it. [More…]
Finally, does he agree with Professor Gruen who said: ‘It is up to Bob Hawke to give us some evidence for his assumption that a system of workable price controls can be devised in a mixed economy in peacetime’? [More…]
First, they have been proposed as a means of controlling or reducing monopoly power in the economy. [More…]
Now it is up to them to reform the monster before it bankrupts the economy and destroys itself. [More…]
He was an immigrant; he was a refugee from a Communist controlled economy. [More…]
In fact the economy of Toowoomba - and of Queensland as my colleague the honourable member for Fisher (Mr Adermann) reminds me - depends to a large extent on this magnificent family partner ship. [More…]
This is a magnificent contribution by a magnificent company and a magnificent family to the economy of many rural areas. [More…]
This is because last Saturday the people of Australia gave their decision on the proposals of the Government for the management of the economy and for the procedures to deal with inflation. [More…]
There has been merely an ad hoc approach to the economy dictated by union pressures, by a philosophy of socialism and by a power drunk government which cannot see where it is going. [More…]
Are we to have a continuation of a policy that cuts right at the basis of an effective economy? [More…]
When it left office the economy was virtually out of control. [More…]
The implication is that if Australia had revalued earlier, say, in late 1971, then the current inflationary pressure on the Australian economy would have been markedly diminished, since domestic liquidity would not have been augmented by massive amounts of speculative funds. [More…]
It will operate to the disadvantage of private hospitals which will be called upon to make a percentage of their beds available for public wards thus upsetting their economy, and undoubtedly their private patients will have to pay more in the future than they are paying at present. [More…]
The Ontario Health Minister - the man who will be running the scheme, the equivalent of our Minister for Social Security - is quoted as having said about the scheme: It is up to the politicians to reform the monster before it bankrupts the economy and destroys itself. [More…]
The purpose of this Bill is to provide the basis for the examination and, as necessary, regulation of activities in the non-bank financial sector in the interests of effective management of the economy for the greatest advantage of the people of Australia. [More…]
The other main purpose of the legislation is to give the Government adequate control powers over non-bank financial institutions, in line with those that presently exist with regard to banks, thereby supplementing, as necessary, existing monetary policy weapons so as to assist in the effective overall management of the economy. [More…]
I should make it clear that the policy does not preclude the establishment of new foreigncontrolled institutions, but it does require that foreign interests wishing to establish in Australia in the non-bank financial sector should be able to demonstrate that the Australian economy would be advantaged by their doing so. [More…]
If that policy of this Government is carried to its logical conclusion, with the shortage of petroleum products in this country and elsewhere, the result will lead to every person in this nation having available to him a mini mal amount of petroleum for his own private use, let alone the defects which may be visited on the entire business and productive elements of the Australian economy. [More…]
Is it the intention of the Government to drive some of these firms from the private sector of the economy, which is what it will do, and drive them to insolvency so that it can grant them equity, as the honourable member for Adelaide (Mr Hurford) suggested in a question recently, with funds from the Australian Industry Development Corporation? [More…]
But it is a lesson to every private businessman who is operating in a productive capacity in our economy today that governments can wilfully and ignorantly tackle industries and hit them to the extent that they are virtually exterminated from the Australian scene and then may be AIDC funds will give the Government an equity. [More…]
The voluntary fuel economy labelling program, which has recently been introduced for 1974 model vehicles in the United States will form part of this investigation. [More…]
These facts, however, signify very little as regards the importance of mutton prices as a cause of inflation - the rise in mutton prices essentially is an effect of forces operating in the domestic and international economy rather than a primary causal factor in its own right. [More…]
Does the Prime Minister argue that the promise of the Minister for Labour would have been inflationary but that the leave bonus scheme, which the Prime Minister announced a day or two ago and which if it flowed through the whole of the Australian economy would cost between $450m and $500m, would not be inflationary? [More…]
There are a number of grounds on which we totally reject the legislation: Firstly, there is no justification for the massive commitment of taxpayers’ money to this area of the economy that cao be and has been effectively served by private initiative. [More…]
If we look at what this policy area under this Minister has done to the Australian economy, we realise that the Minister personifies the ultimate reactionary. [More…]
It will be our turn to sink back to the sand and camel economy. [More…]
I believe that private enterprise domination of the economy, particularly domination of that type has been partly responsible for some of the devastating and shocking wars in which most countries and particularly this country have been involved. [More…]
In the course of the First World War, Newnes was able to supply a quite substantial amount of oil, including gas oil for the Navy, petrol, naptha, sulphate of ammonia, wax and other substances of this kind which are of very great value to the economy of this country. [More…]
The real question in relation to water conservation projects of all kinds is whether there is to be a balanced development of Australia and Australia’s economy. [More…]
I have seen in the year that is behind us many moves which could be interpreted in that way - moves which on the surface seem fair and reasonable and attractive enough but when they are put together into a pattern seem to move towards this funda mental Government objective of destroying the Australian States, destroying every other form of democratic government and centralising everything here in Canberra in one House of Parliament so that the man who obtained the Prime Ministership by some quirk or chance of fate will be able to perpetuate his power, be able to over-ride everything in the Constitution and have complete control of the whole Australian economy, social structure, family life and everything else that one can imagine. [More…]
They have left the door open to foreign takeovers and foreign exploitation of the Australian economy. [More…]
They include: Legislative Record of the Year; Reports Tabled in Parliament on Inquiries Instituted by the Present Government; Statements Arising from Meetings Between Australian Government and State Government Ministers; Committees; Commissions of Inquiry and Task Forces Reporting to the Government; Reports Tabled by the Present Government on Inquiries Instituted by Previous Governments and the record on Cities, Women, Social Security, Resources, Other Decisions, Migrants, Rural Industries, the Economy, Education, the Environment and a Text of Treaties and so on presented to the Parliament. [More…]
The Government expects, however, that in the matter of employment, statutory authorities will have due regard to economy and the Government’s approach to employment levels under the Public Service Act. [More…]
At present the Commonwealth Statistician is undertaking statistical studies of the extent and characteristics of foreign ownership and control in key sectors of the Australian economy. [More…]
Qantas has not been involved in a large number of industrial disputes in Fiji but those that have occurred have attracted a great deal of attention, owing to the critical impact of Qantas’ operations on the Fiji economy. [More…]
In its dealings with the unions, however, Qantas has to pay regard to the anti-inflationary policies of the Fiji Government, which take account of the need for local wages and conditions to be set at levels that can be sustained by the Fiji economy. [More…]
Will he emphasise to the South Australian Government that an economy of this type justifies an early commencement of the line. [More…]
The Government expects, however, that in the matter of employment, statutory authorities will have due regard to economy and the Government’s approach to employment levels under the Public Service Act. [More…]
My Government believes the economy is basically strong and buoyant. [More…]
In view of the interest in such a project by Western Australians and the need to broaden the industrial base of the Western Australian economy - a need which I believe the Minister himself acknowledged on his recent visit to that State - can the Minister inform the House of. [More…]
If the credit is called on, a staggering amount of $600m will be floated into the Australian economy. [More…]
In some instances, ‘insufficient regard was given either to Treasury regulation 93 (1) which requires the exercise of due economy or to the application of normal financial prudence. [More…]
I want to close by saying that if one considers the state of the economy today it can only be considered that a certain number and proportion of these 1,675 Cabinet decisions obviously were totally misconceived and completely erroneous. [More…]
This page with about eight or nine different records on it shows exactly what this Government is doing for the economy. [More…]
This Government, through tariff adjustments, has attempted to stabilise manufacturing and manufacturing costs in Australia, Incidentally, this has been of considerable assistance to the rural sector of our economy. [More…]
Of course what was happening was that huge amounts of so-called ‘hot money’ were pouring into Australia with drastic effects not only in regard to inflationary pressures in the economy but also in regard to the ownership of Australia. [More…]
The Australian economy therefore, in the absence of direct Government initiatives, faces serious problems during 1974. [More…]
That over-reliance on mone tary policy has already begun to produce pressures and distortions of its own within the economy. [More…]
The economy therefore is caught in a two-way squeeze between the declining nominal value and the lower actual volume of money. [More…]
In January, a further $262m was siphoned out of the economy as part of a new quarterly tax collection scheme. [More…]
We believe that there should be a reduction in Government spending; a progressive reduction in the interest rate structure; the provision of taxation relief for lower and middle income earners; a revision of the migration program to attract skilled and semi-skilled migrants in areas in which labour today is in such scarce supply; the introduction of a retraining program to deal with the structural problems in the labour market; the introduction of a dual program to increase female job training opportunities and apprentice training schemes; the imposition of a growth limit on the Commonwealth Public Service; the abandonment of the pace-setter’ principle now applying to the Commonwealth Public Service; the introduction of a program of restraint for both wages and prices; the adoption of a flexible exchange rate policy to prevent a build-up of externally generated liquidity; the adoption of measures to increase the economy’s productive capacity; the flexible use of competitive policies; and the implementation of a national productivity program to narrow the gap between minimum money wage expectations and economic capacity. [More…]
So here is an instance where the strength of our economy and Australian dollar has an unfortunate effect on. [More…]
It was obvious to me and to many others that he tried to please all in that address but it lacked detail and gave little or no mention to some of the important issues facing the nation in this vital period when the economy is sitting on a razor’s edge. [More…]
All I can say in reply to this is that the Government cannot spend this huge amount of funds suddenly in an economy of our size. [More…]
An extraordinary passage in the Speech concerns the economy. [More…]
My Governmentbelieves the economy is basically strong and buoyant. [More…]
It is quite obvious that the strike situation, which is very damaging to any economy, has deteriorated in the last 12 months. [More…]
That really is the whole basis of the economy, providing that it is handled correctly at the top. [More…]
Having regard to his answer in which I think he refused to indicate what the future will be in relation to inflation, does not the Treasurer agree that it is fair to say that it is part of his function to develop forward economic forecasts as to the state of the Australian economy this year? [More…]
Using the utterly fallacious excuse that Australian farmers have never had it so good, this Government has systematically set about dismantling a range of assistance and incentive measures which previous governments thought essential to the successful functioning of the farm industries, and essential for the just treatment of country people, thus assisting the economy and the consumers of the nation as a whole. [More…]
The real tragedy is to be found in the total impact the Government’s actions are having on the national economy and on the farm sector in particular. [More…]
Superphosphate is perhaps the most important input that goes into Australian agriculture and even, I would suggest, one of the most important inputs to the Australian economy. [More…]
The basis of success of any enterprise, and any economy, is productivity. [More…]
The different approach taken to the long term needs of the Australian economy and the Australian people by this Labor Government can be judged by a resolution of the United States Senate dated 25 February of this year in which the Senate recognised that there is a direct correlation between the demand for and supply and price of fertiliser and the supply and price of food paid ‘for by the American consumer. [More…]
Whatever reduction there has been due to cuts in tariffs and to revaluation making imports cheaper has been engulfed by rural incomes being reduced, as I mentioned a moment ago, by revaluation and by a domestic economy that is completely out of control due to economic mismanagement and incompetence. [More…]
It is time - time to think again; time to act; time - a little more than a year later - to give the Australian voter the opportunity to kick out this Labor Government; time to do so before irreparable damage is done to the fabric of the Australian economy and society. [More…]
The economy can now be best described as suffering from economic distemper. [More…]
By the end of the year however the economy was in good shape and did not need any stimulus. [More…]
Extravagant government expenditure and the enormous increase in average earnings including wages will ensure that we are now seeing a repetition of Labor in office in the post-war years - pie-in-the-sky promises, astronomical inflation and the development of a milk bar economy and chronic balance of payment problems. [More…]
They have been allowed to assume an uncontrolled position under the Government and they have been allowed to think that the economy is their oyster. [More…]
Their incomes in real terms will never improve while the economy is being manhandled by this Government. [More…]
The man on the land, who is the backbone of the economy and is still the winner of half the export income that Australia earns, has been subjected to the greatest series of insults that have ever been experienced by any sector in such a short period of time. [More…]
To add to the uncertainty and confusion that now exists, this Government seems hell bent on sending its own authority into the field to find, develop and process Australian resources by using vast sums of capital which will have to be diverted from other important uses within the economy. [More…]
This surely is the role of the private sector, not the public sector, and there can be no justification for the Government putting up these vast amounts of risk capital when there are so many areas of the economy that are desperate for federal funds. [More…]
Labor’s policies of handouts and public sector activity, of the incredible boosting of the Public Service and of playing off one sector of the economy against another have led to the greatest degree of uncertainty, inflation and economic confusion for decades. [More…]
I have referred to the importance of a strong, well managed economy to the creation of a climate for progress and growth and I have argued that this Government, through its acts and omissions, has created apprehension and uncertainty among the people. [More…]
The amendments amount to a catalogue of mismanagement of the economy and to making a difference between social standings of people and their economic expectation. [More…]
My Government believes the economy is basically strong and buoyant. [More…]
I cannot think of anything which has so much madness in it as encouraging a 35-hour week with the economy in its present inflationary condition, a shortage of labour and a shorage of supplies of goods and services. [More…]
caused uncertainty and in its management of the economy is creating social inequities; [More…]
Every national government in our history has managed the economy with interest rates lower than those now applying. [More…]
This drastic departure from Labor’s avowed cheap money attitude is a measure of the serious inflationary pressure on the economy and an unwillingness to tackle it by curbing Government expenditure. [More…]
Economists have increasingly adverted to the dangers of an over-dependence on monetary measures to maintain equilibrium within the economy. [More…]
It is simply not possible to cut back on inflationary pressures in one sector of the economy and fuel the pressures in another sector; this is simply robbing Peter to pay Paul. [More…]
One of the great unknowns in this country is what would have been the rate of inflation had we had to continue with the previous Treasurer’s handling of the economy. [More…]
I do not mind having a full and sensible debate on the Australian economy at any time; but we did not have it last night, we did not have it yesterday and we are not having it today. [More…]
Might I just say before I go any further in terms of an analysis of the consequences of high interest rates; the management of the economy and the stratagems of this Government that it is most unfortunate that the Treasurer saw fit to criticise my colleague, the honourable member for Berowra (Mr Edwards)? [More…]
The first is the degree to which it is reducing the initiatives and endeavours of those in the private sector of the economy and diverting funds from the private sector into the public sector so that the Government can pursue its programs. [More…]
I was delighted that the Treasurer recognised that it is not peculiarly a matter of looking at the Australian economy. [More…]
However, the real problem as I see it affects the productive sector of the economy, its ability to plan ahead and the confidence that it no longer has. [More…]
Rather, our action is designed to point at the ill consequences of this Government’s mismanagement of the economy. [More…]
I cannot see that this would do any great harm to the Australian economy; so for goodness sake why cannot we do this sort of thing? [More…]
Making this money available to assist underdeveloped countries might even have a beneficial effect on the Australian economy. [More…]
My Government believes the economy is basically strong and buoyant. [More…]
Shortages of materials and high rate of inflation strain the economy. [More…]
caused uncertainty and in its management of the economy is creating social inequalities; [More…]
I was, therefore, most distressed yesterday to hear the Treasurer (Mr Crean), the person who is responsible for the administration of our economy, attempt to deny that inflation at a rate of 14 per cent, as we all acknowledge we have today, is not intolerable. [More…]
A liquidity crisis means a shortage of money in the economy. [More…]
On the same page of Hansard he criticises this Government because of a liquidity shortage in the economy and he also proposes as a policy of his own Party further reductions in liquidity. [More…]
One notes that he does not mention the $ 1,700m that was pumped into the economy in the last 6 months of 1972; nor does he make any basic economic assessment of the long term effects of that injection of funds on the Australian economy. [More…]
The Leader of the Opposition says that the amount of money in the economy should be reduced, but he would put more money into the economy by reducing income tax and reducing interest rates. [More…]
My Government believes the economy is basically strong and buoyant. [More…]
caused uncertainty and in its management of economy is. [More…]
Yet the people in the primary producing areas who contribute to the strength of the economy of this country are making this contribution with very little assistance from governments. [More…]
Nearly everything is there and this could be done without its having any inflationary effect at all on the economy. [More…]
One of the things those honourable members opposite who have stood up in this House in the last week or two and talked about inflation and the causes of inflation have to remember is that technical education has not been allowed to play its part in the economy of this country. [More…]
That is one of the great shortcomings of our economy today. [More…]
Again I point out that I do not want to give the impression that I am only concerned about the importance of such people to the economy. [More…]
The action that the Government has taken to abolish fees and the action that the Government will take on the report of the Australian Commission for Technical and Further Education will create the basis for the change in status so greatly needed to attract into technical education the supply of tradesmen and craftsmen that we need to make sure that our lives are properly balanced and that our economy is maximised in terms of this use of resources. [More…]
The economy is being brought to its knees. [More…]
A communist official is there in order to cause disruption, and because he sometimes succeeds in causing disruption he adds to inflation, he adds to the pressures on the economy and perhaps, when that happens, he is not altogether displeased. [More…]
My Government believes the economy is basically strong and buoyant. [More…]
Given rising world -price levels since December 1972, the injection of price increases in our economy through rising import prices has been almost totally eliminated by the policies that this Government has followed in regard to tariffs, overseas borrowing and currency exchange rates. [More…]
In the period since this Government came to office we have seen increases in average weekly earnings, a strengthening of the economy, company after company reporting record profits and a large increase in employment opportunities. [More…]
Everyone knows that price control is a vital tool in the fiscal management of the economy. [More…]
Would not that mean an injection of $600m into the economy, and was not their policy in government one of increasing taxes and not reducing them? [More…]
caused uncertainty and in its management of the economy is creating social inequalities; [More…]
The Deputy Leader of the Opposition (Mr Lynch), who as Minister for Labour and National Service in the last government specialised in creating unrest and sowing suspicion and distrust by reporting strikers to the police, has been talking of the need for circuit breakers and increasing social security benefits to control the economy. [More…]
The closest the Leader of the Opposition got to specifying a case was when he referred to the Moomba-Sydney pipeline and said that as a public undertaking it would be inflationary, completely ignoring the fact that as a private undertaking it was to be funded by overseas loan money which means money pumped into this economy and, accordingly, inflationary. [More…]
To the extent that there are fairly firmly embedded inflationary forces involved in it, it would be true to say, without dwelling too much on the past, that this was a result of mismanagement of the economy in the 1972 Budget by the last Government. [More…]
The Opposition was no doubt thunderstruck this morning to discover that in spite of its past efforts to distress and panic businessmen, Australian business generally, according to this morning’s papers, felt that the economy was in good shape. [More…]
The Opposition has a vested interest in ignoring the positive aspects of the economy. [More…]
The fact is that although demand is strong we have not tried to deflate it in the painful ways the Opposition used, but rather through tariff and exchange rate adjustments we have sought to build up the supply side of the economy. [More…]
That exacerbates the problem of inflation in the economy. [More…]
The build up of construction work in the pipeline of the housing industry was responsible for pressure that we were not happy about and which was unhealthy for the economy. [More…]
As for the Opposition that was a government for 23 years, it is perplexing to note as implicit in its announcements on economic management a belief that running the economy is as simple as turning a tap on and off. [More…]
For them economic management took place in a climate where the world economy was stable and where fairly rigid monetary agreements operated. [More…]
In such a situation the economy could almost run itself. [More…]
Those years of international economic stability should have been years when the Australian economy was guided towards and was achieving impressive growth rates. [More…]
What we have done is to build into the economy a degree of flexibility that will ensure that economic shocks from outside the country will not strike at the Australian economy with their full devastating effect - that is, the full effect of the inflation, unemployment, recessions or whatever it is of the overseas economies is not going to be automatically transmitted into our economy as it has in the past because of the structural deficiencies which existed in our economy in the past. [More…]
After all, restructuring the economy is a big task and it takes time. [More…]
What is clear is that we will not rely on back door monetary manipulation in a clumsy fashion and ‘broad axing’ the economy when, through clumsiness, its direction has to be changed. [More…]
We will not allow a rigid economic structure to reassert itself where patronage, privilege, access to government and back door political deals are influential determinants in the development and performance of the economy. [More…]
We want an economy whose development is not stulified by structural rigidities, which in turn expose Australia to the worst effects of world inflation and cyclical fluctuations in the world economy. [More…]
For a country as heavily involved as this country, insofar as its economy is concerned, in international trade movements and therefore the injection of outside inflationary forces and other forces into this economy it is very difficult for this country to avoid the enormous forces of inflation which have been released internationally. [More…]
He referred to the disenchantment that those of us on this side of the House must have at the report of the support of the economy given by a survey of Australian businessmen. [More…]
That is, 70 per cent of those surveyed- said that they were optimistic about the economy and only half the remainder said they were pessimistic. [More…]
It has caused uncertainty and, in its management of the economy, is creating social inequities. [More…]
The management of the economy and its attendant tragedy are examples enough. [More…]
This Government has set new records - record inflation, record interest rates, record lack of confidence in where the economy of the country is heading. [More…]
It is preventing the national economy from growing on a sound and rational basis. [More…]
It has splurged generally in the public sector, pushed the Public Service salary bill to astronomical heights, encouraged unions to seek unrealistic wage rises, sponsored by inaction the climate for strikes and engaged in wasteful projects so that it can have a greater measure of intervention in the management of the national economy. [More…]
The things include a critical review of Public Service expenditure with a view to reducing it, assessment of steps designed to reduce Government intervention in the economy such as in the pipeline scheme, realignment of the Australian dollar in line with other world parities and removal of its tie with the United States dollar and the introduction of meaningful monetary control measures aimed at improving the flow of funds to borrowers such as home buyers at reasonable interest rates, stimulating the productive sector of the economy to give it confidence in the future, confidence in employment prospects and confidence in getting this country moving for tomorrow instead of reducing incentive altogether as this Government tends to do. [More…]
That this House deplores the actions of the Government in pursuing policies which are undermining the economic stability of the Australian economy. [More…]
My personal view is that if predictions of a slacker economy through a drop in demand here and overseas come true this year, [More…]
The truth is that in the Government’s first year its overriding consideration has been to contain and reduce - as far as the national Government can with its powers under the Constitution and its lack of numbers in the other place - the inflationary pressures in the economy. [More…]
But we have no intention of rushing in with a heavy-handed approach and flattening out the economy with damaging recessionary policies which hit the family man hardest. [More…]
It is my belief that the importance of tourism in the economy requires an expansion of the Commission to make it more representative of the various interests which might be expected to have a voice on such a body. [More…]
Strikes, go slow tactics, working to regulations, militant trade union intervention and, to a degree, business uncertainty are causing the shortages that we are experiencing in so many sectors of our economy. [More…]
A whole range of measures has been thrown at the economy in an ad hoc fashion in the desperate hope that they may work. [More…]
By remaining indifferent to the wealth producing industries and by discriminating against the private sector of the economy, the socialists turn the illusion of wealth into a fraud, with money being worth less and purchasing power less, lt is this illusion of prosperity that reduces the incentive to work and to produce goods. [More…]
We cannot have socialism without reducing our freedom and we cannot have a controlled economy without government intervention and without controlling the daily lives of humans, who are still the greatest and most important element in the economy. [More…]
Australia entered the 1970s with an economy stronger and more dynamic in many respects than a decade earlier . [More…]
The truth is that the Government rather likes inflation, and this bears on the second charge, that ‘its management of the economy is creating social inequities’. [More…]
It is therefore clear that the verdict on the second charge that in its management of the economy it is creating social inequities the verdict clearly must be guilty as charged. [More…]
It has an immediate and direct impact upon the structure of wages and salaries throughout the economy. [More…]
An increase in Public Service wage scales will inevitably set off a chain reaction of wage claims throughout the economy, as employees in local and State governments, government instrumentalities and private industry seek to restore lost relativities. [More…]
The Public Service has become more than a pacesetter of wages and salaries in the economy - it has become the pace-accelerator of the inflationary income spiral. [More…]
Cost-push inflation is clearly accelerating throughout all sectors of the economy, and the effect of wages, the most important component of the general cost structure, will be dramatic. [More…]
They seek the expansion of the public sector of the economy as a matter of philosophical and policy commitment. [More…]
That Commission was asked to report on steps which could be taken for the purposes of eliminating duplication and the overlapping of services; eliminating unnecessary or uneconomic operations; achieving efficiency or economy through further decentralisation of operations and administration; achieving improved management of departments and agencies, or portions thereof, with consideration to organisation, methods of work, defined authorities and responsibilities, and provision of training; making more effective use of budgeting, accounting and other financial measures as means of achieving more efficient and economical management of departments and agencies; improving efficiency and economy by alterations in the relations between government departments and agencies, on the one hand, and the Treasury Board and other central control or service agencies of the government on the other; and achieving efficiency or economy through reallocation or regrouping of units of the public service. [More…]
This constant attack by the Opposition on the growth of the Public Service’ is only one of a number of various aspects of the economy which have been the focus of Opposition attention in recent weeks. [More…]
However, we reject completely the gross overstatements, the glib assertions, the smug strictures and the sheer misstatements of fact that have been the trademark of Opposition spokesmen in recent speeches on the economy. [More…]
While we are considering the performance of the previous Government in its first few years of office, we should look also at what happened in regard to taxation since this is another focus which the Opposition has had in recent days in regard to the economy. [More…]
The comments made on the economy by Opposition members during the last couple of weeks can be seen to have been grossly unfair. [More…]
The incentives for efficiency, economy and a reasonable rein on spending proposals are almost bound to slacken in these circumstances and one can already see signs of that tendency developing. [More…]
I think that most members will want to talk about the economy in general. [More…]
But what do we find coming from this Government which had the advantage of taking over an economy as sound as any economy in the world, which it ruined in its short term of a little over 12 months? [More…]
Employers and employees alike will suffer when the economy breaks down, as it surely will do unless the present rate of inflation is controlled. [More…]
The longer it goes on, the more drastic the measures will have to be and the more suffering there will be to bring this economy back to an even keel. [More…]
We want reasonable profits, but at the same time we do not want and we cannot afford to have undue demands made on the economy by any section of the community, and this is what is taking place. [More…]
This Government has ruined the sound economy in about 12 months. [More…]
The honourable member for Maranoa (Mr Corbett) who preceded me spoke about how the Government had ruined the economy in the last 12 months. [More…]
The Government is of course aware that some of these policies may and probably will also result in structural changes in our Australian economy. [More…]
I strongly believe that Australian business will always do better under a Labor government than under non-Labor governments for no other reason that the blunt truth of the matter is that Labor governments administer the economy and take action where it is necessary in the interests of all Australians. [More…]
But priority will be given to those aspects of reform relevant to recent developments in the world economy. [More…]
All I am saying is that the Government is prepared to carry the burden of those increased costs but it is not prepared to do something about promoting a very worth while industry which contributed very much to the soundness of the national economy before the present Government came to office. [More…]
I will not reply to all the points made by the honourable member for Maranoa (Mr Corbett), but I would just state that I think it is rational for industries to pay for their own promotion, given that we have a free enterprise mixed economy. [More…]
As Japan acts almost as a centrally planned economy and as true centrally planned economies are becoming larger users of wool, there is some hope of acceptance. [More…]
-Naturally, I rise to support this Bill which indicates that the Government is appreciative of the remarkable and unique part that the wool industry plays in Australia’s economy. [More…]
This will be distributed throughout the economy. [More…]
This season the total rural exports of Australia will approximate $3,000m, which emphasises the tremendous part rural industries play in our economy. [More…]
The next point I want to mention is that the Government in this legislation and in other ways recognises the tremendous importance of wool in the rural and national economy. [More…]
We cannot afford to be blase or over-confident about the place or future of wool in the national economy or in consumer demand. [More…]
If we did not sell this wool then our economy would be truncated. [More…]
The Government shovels on another $3 a week out of desperation because the economy is right out of control, and the pensioner gratefully receives the $3. [More…]
This resurgence in new capital expenditure is typical of the recovery of the economy in general, and of manufacturing in particular, in the last 15 months. [More…]
I have not the precise figures, but reading from a graph it seems that the figure the Minister quoted for the December quarter 1973 concerning investment, claiming that it demonstrates the great confidence of manufacturers in the Government’s handling of the economy, only brings the level of that investment back to what it was in 1971. [More…]
They are seeking out more speculative high return areas of the economy rather than putting their money into sound long term investments such as our secondary industries. [More…]
He pointed out that the fall in capital inflow posed dangers for the economy. [More…]
long term unemployment benefits, and note that unemployment benefits, plus money which had been paid under the unemployment relief program promoted by the last Government, represented more than Sim to the local economy. [More…]
In fact, a social welfare approach, whether it was in the form of unemployment benefits or a relief program such as the one I instanced, combined or separately, assumed major influence in the local economy and I would suggest that this was rather an unhealthy sort of situation to have occurred. [More…]
Some of the recipients of these benefits must have an uneasy feeling about the general inflationary effect of the reckless pumping by the Government of more and more money into the economy with extravagant abandon. [More…]
What his Government inherited was a very healthy economy which should have helped the Minister come to some positive decision on short, medium or long-term planning to ease the housing situation, but the Government’s failure in this regard together with a tremendous increase in inflation rates adds up to failure No. [More…]
After inheriting a healthy economy the Government has proved, over the last 15 to 16 months, that it would like to have the control of all housing concentrated in Canberra. [More…]
The LiberalCountry Party Government left it with this problem which resulted from reckless overstimulation of the economy. [More…]
When it comes to national economic policy, those who sit opposite believe that what they claim is the States responsibility somehow has no effect on the national economy. [More…]
The economy of the cities comprises most of the national economy. [More…]
Which is more valuable - public servants producing more paper or ensuring the supplies of a commodity essential to our economy? [More…]
The Mount Isa mine is today one of the finest mines that one will find anywhere in the world and it is adding enormously to the economy of Queensland and has opened up the north-west of Queensland. [More…]
The world economy becomes more buoyant and vice versa. [More…]
But priority will be given to those aspects of reform relevant to recent developments in the world economy. [More…]
He ended his letter succinctly in these words: ‘Imagine a specialist in wheat economy in an area with a rainfall of 200 inches and I haven’t a clue about ricegrowing’. [More…]
Because of its poverty Tanzania’s only development by private investment would have to be through foreign private investment, but this would only result in an economy owned and controlled by non-citizens. [More…]
An ideal measure of need ought to take into account at least the following indicators: Per capita consumption of food grain, opportunities for employment to all those who seek it and the fulfilling of the objectives of a self-reliant economy. [More…]
Thirdly, the objectives of a self-reliant and self-generating economy would be strong enough to develop at a satisfactory rate without be. [More…]
Honourable members will recall from my second reading speech on 11 December that the purpose of the Bill is to provide the basis for the examination and, as necessary, regulation of activities in the non-bank financial sector in the interests of effective management of the economy for the greatest advantage of the people of Australia. [More…]
A severe crisis in the Indonesian economy almost certainly would herald a period of political instability with obvious implications for Australian security. [More…]
The Opposition Parties are very much aware of the significant contribution which this industry makes to the Australian economy. [More…]
Australia is losing out in the competition to attract tourists - and all the benefits to the Australian economy that this directly entails. [More…]
The industry is vulnerable to fluctuations in the economy because, as it is to a large extent a luxury industry, it is generally one of the first industries affected by an economic downturn. [More…]
The Australian Tourist Commission has done a good job in promoting Australia overseas and will do a good job in the local field but, despite its efforts, I think there is still room for us to promote Australia to our advantage in overseas countries and to bolster tourism for the benefit of the economy of this country. [More…]
In fact, factors are developing both in the internal economy and in the external world economy which eventually may require a change in our foreign exchange policy and an increasing emphasis on earning foreign exchange from overseas tourists in Australia. [More…]
I wish now to turn to the role of tourism in the economy which will be generated through increased domestic tourism. [More…]
So we can see that the contribution to the economy is not just a matter of gaps - surpluses or deficits - because tourism gives impetus to decentralised activities. [More…]
Of course, any economist can tell us that even a domestic economy, if expanded, has an accelerating effect on the growth of our economy via the multiple effect. [More…]
Does he consider that the consequences of these increases will be beneficial to the Australian consumer and to the economy as a whole? [More…]
I hope that the eventual result will be that this industry will make a great contribution to the economy of that country. [More…]
Commercial enterprises, undoubtedly, will become a factor in the growing economy of Papua New Guinea. [More…]
We regard with horror what the present Government has done to the economy and the way in which it has destroyed the foundations of Australian prosperity. [More…]
Where does all the opposition come from to the promotion of the free enterprise mixed economy, public enterprise system of Australia? [More…]
Under the previous Government’s administration what was the state of the Australian economy? [More…]
Mr Speaker, prior to the dinner adjournment I was emphasising the extent to which this present Whitlam Administration stands indicted because of its total mismanagement of the Australian economy. [More…]
Instead of calling with a sense of national responsibility, for the type of restraint that is essential in a full employment economy, the Government has provided a major impetus to the build-up of an inflation psychology. [More…]
Strategic sectors of Australia’s economy are no longer in Australia’s hands. [More…]
Australia’s economy is part of the world economy. [More…]
It is subject to penetration by the giant corporations that dominate the world economy. [More…]
The AIDC and the NIF are to perform a positive constructive role in the Australian business economy, not as an alternative to it. [More…]
The iniquities arising from the special privileges to be accorded to the Corporation, the scope for nationalisation by stealth through both the national interest provisions and the normal operations of the National Investment Fund, and the structural and institutional changes in the economy likely to result from the Corporation’s expanded role are matters of public concern which demand full discussion and consideration both in Parliament and in the community at large. [More…]
Australian belongs to Australians, and in spite of 23 years of attempt so far, it has not gone beyond repair; so that the whole economy is not yet controlled by international and foreign interests. [More…]
What I am submitting to the House, therefore, is a record of achievement in regard to the nation’s defence capability; major improvements in conditions of service of our servicemen and women; greater efficiency and economy in defence organisation and spending; and a prudent and responsible defence posture for present circumstances and the future strategic prospect. [More…]
The frame of reference and the basis for action should be normal levels of demand and total activity in the economy. [More…]
I should think the second principle of tariff policy is that the Government believes that competition is the motivating force of this economy and that tariff making, the provision of subsidies and so forth must be geared to increasing competition. [More…]
There is no doubt that the people of Brisbane and Ipswich were the hardest hit, but in terms of the national economy it is in the far north where the economic impact will be felt for many years to come. [More…]
The anti-rural bias of Labor is a significant part of its maladministration of the domestic economy. [More…]
Australia is part of the world economy. [More…]
Inflation and depression are caused by world forces of which the forces of the Australian economy are only a small part - perhaps a one-hundredth part, or much less. [More…]
But industrial disputes under the Liberal-Country Party coalition in times of expansion and inflation would wreck the economy. [More…]
It would not try to control prices and before long unemployment would appear as it squeezed the economy. [More…]
The economy was failing. [More…]
Yet in 18 months this Government has restored over-full employment, the economy is booming and, no matter what the country people might say, farmers and other sections of the community are doing exceptionally well. [More…]
Industry is booming, profits have never been higher and in every way the economy is one of which a nation can be proud. [More…]
The Council noted with satisfaction the vastly improved employment opportunities in Australia but expressed its concern at the serious strains being placed on the economy by the rising level of unfilled demand for labour. [More…]
The Council supports and emphasises the necessity for apprenticeships and other training and retaining schemes to help meet the long-term needs of the Australian economy for skilled labour. [More…]
It was noted, however, that total civilian employment has already risen sharply and that the former reserves of manpower in the economy have already, largely, been absorbed. [More…]
Whilst the decrease in unemployment figures since the election of the Labor Government indicates an improvement in the economic welfare of the country, does the Minister have any figures indicating whether the reduction in the unemployment figures is the total measure of the buoyancy of the economy and the benefits that flow to those seeking work? [More…]
Despite the world-wide nature of this problem, the Government is confident that its measures can protect the Australian economy and the Australian people from the most harmful economic and social effects of inflation. [More…]
The Government will continue its measures to strengthen and modernise the Australian economy, to improve the quality of the Australian workforce, to expand Australian resources and to promote Australian control over those resources. [More…]
having on the State’s economy and the employment opportunities for its people? [More…]
Yet the recent report of the Organisation for Economic Co-operation and Development on the Australian economy pointed out that, as a consequence of Labor’s financial policies, the narrowly defined money supply - currency and current account deposits - rose at a seasonally adjusted rate of 30 per cent in the second quarter of 1973. [More…]
During 1973, with the economy moving ahead strongly, restraint and moderation were at that time equally required. [More…]
The economy is now poised on the verge of a wage explosion which I believe to be without precedent in Australian history. [More…]
The current inflation was initiated by an excess demand situation and gravely exacerbated by the irresponsible growth in public expenditure, f believe there is now substantial evidence to show that demand pressures have peaked in the Australian economy. [More…]
So the economy is not now forging ahead in demand inflation; it is being compressed between a rising cost flow and a ceiling which will not rise nearly as much, if at all. [More…]
The sorry mess which was referred to during question time today and which was gratuitously referred to by the Minister for Labor and Immigration was an economy in which the worst level of unemployment was 2.4 per cent or almost 137,000 in December. [More…]
Basically, my view of the Australian economy is that it is short of skills in the labour force and of materials. [More…]
I think I have shown that the production record of Australia under a Labor Government, in an economy that we are not respon sible for, has been extremely good. [More…]
I think the kind of debate that we have listened to today from the Deputy Leader of the Opposition and the Opposition spokesman on trade, does nothing but harm the conditions that are necessary in the economy for constructive ways of dealing with the problem of inflation. [More…]
Quite frankly, I do not believe, although acknowledging that we do have a mixed economy of Government and private enterprise, that the area of health - perhaps like defence - is one that should be managed by private enterprise. [More…]
These improvements can be made not on a socialist base but on an acceptable base, fitting in with the philosophy of a free society and a mixed economy. [More…]
We saw the famous Fitzgerald report which presented a distorted picture of the industry’s place in the Australian economy and which chose to ignore a large number of facts which would have presented a true picture. [More…]
They make an enormous contribution to our prosperity and to the balancing of our economy. [More…]
Proposals to increase Australian ownership usually flow from a desire for greater control of an industry to ensure that its operations are in accord with the interests of the local economy. [More…]
However, it is open to question whether increased ownership is the best means of obtaining control of firms in the industry or even whether a locally owned firm’s actions would be necessarily more in accord with the interests of the local economy than those of a multi-national firm. [More…]
Present world economy distortion will flow from the over-dependence of some of the world’s largest industrial nations on imported crude oil from the OPEC countries whose trade surplus could increase from $US7 billion to SUS65 billion from higher crude oil prices. [More…]
the Prime Minister’s attempt to suppress yesterday’s statement by the Minister for Social Security condemning the Government’s handling of the economy; [More…]
The reason for moving this motion is the crying need for the Government to make a single clear statement to the House and, through this forum of the Parliament, to the Australian people on the Government’s analysis of the state of the economy and on its policy to correct the critical situation. [More…]
We have sought to obtain from Ministers reconciliation of contradictory statements made about the economy between them as Ministers and between them and the Prime Minister (Mr Whitlam). [More…]
Surely the situation has got to a critical stage when a senior Minister, the Minister for Social Security (Mr Hayden), who is fourth in the order of precedence in the Labor Government, can tell a meeting of his colleagues that the Labor Party is ‘presiding over the destruction of the Australian economy’. [More…]
Until it is denied we have on record the statement by the fourth senior Minister of the Labor Government that the Labor Government is presiding over the destruction of the Australian economy. [More…]
The Leader of the Opposition (Mr Snedden) today has taken the unusual course of seeking the suspension of Standing Orders because during the election campaign the Leader of the Opposition made inflation and the economy an issue. [More…]
He was like an ostrich with his head in the sand until some, of his Press cronies warned him that the people of Australia were concerned about the economy. [More…]
Since the election all that we have had has been a series of statements from a variety of ragbag Ministers giving their views on the state of the economy. [More…]
The people of Australia want to know the state of the economy. [More…]
How can the Australian people ever understand the state of the economy when the Ministers themselves do not know what is going on in the Government and what is Government policy? [More…]
The first part of that responsibility lies in telling the people of Australia the state of the economy. [More…]
He could have discussed this matter yesterday in a motion before the House moved by the Deputy Leader of the Opposition (Mr Lynch) in regard to the economy. [More…]
Do honourable members know what priority the Opposition gave to the economy? [More…]
That this House believes the Government has failed the nation in the management of the national economy by failing to control inflation causing loss of public confidence by failing to exhibit concern for the future and causing hardship to many by raising the spectre of widespread unemployment and by denying Australians an equitable share in national economic growth by failing to reform the taxation system. [More…]
That is the priority the Opposition gives to the economy at this time. [More…]
Honourable members opposite have also spoken about the dangers in the economy and the inflation that goes with it. [More…]
He could have asked the Opposition Whip to have brought forward his motion on the economy instead of having it wail for 3 years, as it appears from today’s notice paper will happen. [More…]
Whatever he says about inflation, whatever he says is wrong with the economy, whatever he says is wrong with respect to Ministers and about other things, let me tell him that the Australian Labor Party was endorsed at the recent election against his leadership. [More…]
That this House believes the Government has failed the nation in the management of the national economy by failing to control inflation causing loss of public confidence by failing to exhibit concern for the future and causing hardship to many by raising the spectre of widespread unemployment and by denying Australians an equitable share in national economic growth by failing to reform the taxation system. [More…]
In 18 months of mismanagement of the economy, with wage rises of 30 per cent and 40 per cent being demanded and being granted, and being supported by this Government, trie Government has not seen fit to increase nursing home benefits. [More…]
At a time of high inflation the Government plans to pump an extra S250m into an already overheated economy. [More…]
Will he not beat around the bush and not answer as the Treasurer did the other day when he was asked a similar question on the economy? [More…]
As in so many other areas of the economy, the real problem basically is a shortage of skilled labour and a shortage of materials. [More…]
Now an endeavour is being made to bring liquidity down to a level that is more commensurate with the physical capacity of the economy. [More…]
All I suggest to honourable members opposite is that it is about time they looked behind some of these figures and looked at the physical problems of the Australian economy. [More…]
I believe that on the whole what still faces the Australian economy is an excess of demand in relation to available supplies. [More…]
This has occurred because of the very great difficulty, and potential inequities, in selecting which industries to exempt, for the initial period, from the system of public examination and report by the IAC - especially since the purpose in establishing the Commission was to extend that system to all industries in all sectors of the economy. [More…]
The new Bill also provides that the Corporation must have regard to the importance to the Australian economy of the industry concerned. [More…]
The purpose of the Bill is to provide the basis for the examination and, as necessary, regulation of activities in the non-bank financial sector in the interests of effective management of the economy for the greatest advantage of the people of Australia. [More…]
The other main purpose of the legislation is to give the Government adequate control powers over non-bank financial institutions, in line with those that presently exist with regard to banks, thereby supplementing, as necessary, existing monetary policy weapons so as to assist in the effective overall management of the economy. [More…]
They enable particular enterprises or groups of enterprises to attain positions of economic dominance which are then susceptible to abuse; they interfere with the interplay of competitive forces which are the foundation of any market economy; they allow discriminatory action against small businesses, exploitation of consumers and feather-bedding of industries. [More…]
The progress being made under the existing Act is such that it would be many years before the legislation had any significant impact on the economy. [More…]
The Governor-General set out 4 principles which will guide this Government in its handling of the economy and of the nation’s affairs generally. [More…]
So, no one can say that in the 18 months that this Government has been in office it has wrecked the economy of the country in ignorance. [More…]
The Government thinks that the quicker it can wreck the economy the better for it. [More…]
This is absolutely and utterly due to the Government’s mismanagement of the economy. [More…]
If the Government backs away from the Corporation and the woolgrowers now there will be serious economic repercussions not just for the Australian wool industry but also for the Australian economy. [More…]
With the prospects for meat exports dismal and with mineral export prices declining the Australian economy cannot afford a crash in the Australian wool market. [More…]
He has said that the economy of this nation is sound. [More…]
I think it would be useful for the House to know the nature of unemployment in the economy at the moment. [More…]
The maintenance of Australia’s economic well-being also requires a capacity for its industries to adjust to changes in the structure of the economy. [More…]
The proposals for retraining and the proposals for changes in the structural assistance for industry are designed to make people think that the problems and difficulties facing the Australian economy can be overcome without pain or hardship to anyone. [More…]
A fixed tie with the United States dollar could be supported only as a first step on the path to monetary integration with the United States economy. [More…]
Their concern is to move ships; it is not with the Australian economy and the impact of high wharf costs on the Australian economy. [More…]
This is already evident in the labour statistics, and it can be expected as the cumulative effect of taxation changes, tariff cuts and currency realignment work through the economy. [More…]
We also had to take account of our commitments to other programs of high priority such as education, health and social welfare and above all of the general state of the economy. [More…]
That is the kind of thing that we cannot afford and the economy cannot afford. [More…]
In the meantime they look to the Government to bring about stability in the economy. [More…]
Business men know full well the devastating effect on the economy of a rural decline. [More…]
The Bill before the House seeks to provide the Government with authority to examine and regulate the activities of institutions in the nonbank financial sector of the economy. [More…]
In recent years there has been a marked decline in the importance of trading banks and a corresponding growth of the non-bank financial sector of the economy. [More…]
Had monetary growth been cut earlier in 1973, when the Government’s advisers and independent commentators first warned of excess demand in the economy, both inflation and interest rates would have been much lower than they are at present. [More…]
The Opposition Parties believe that monetary expansion should be operated to regulate the economy in conjuction with a responsible fiscal policy. [More…]
We must accept that a general monetary policy, either of expansion or of restraint, will operate more rapidly or to a greater extent on some particular sectors of the economy than on some others. [More…]
Equally, I believe that the non-bank and the banking sectors of the economy ought to operate under a similar framework of Government supervision. [More…]
Furthermore, there is a good deal to be said for avoiding legislation which could prove unnecessarily restrictive if this can be done without harm to the economy and injustice to the investing public. [More…]
If a government is to exercise responsible control over ‘the national economy it is absolutely vital that it be clothed with the power it needs to take any measure which it sees as appropriate at any particular time. [More…]
There must be control in all spheres of the economy. [More…]
It will act primarily in co-operation and consultation, and it will provide an invaluable instrument to all future governments in their control of the economy. [More…]
In today’s conditions such a policy of permanent direct control would be another clear admission by the Government and the Treasurer of their inability satisfactorily to manage the economy or understand the environment in which non-banking financial intermediaries work. [More…]
The export income earning industries will undoubtedly assume an even greater importance to the Australian economy as time goes on and when we face all sorts of internal economic problems. [More…]
As a result of 18 months of a Labor Government, there is an underlying sickness in the Australian economy for which the Government is responsible. [More…]
The honourable member can complain, as he has every right to, about the fact that more than 2 million man days were lost in one month, which was the worst month, but he has to remember that when he and his colleagues banded over the running of the economy to the Labor Government the area of unemployment was so high that it represented in lost productivity the equivalent of 1 million man days a week. [More…]
Amongst other things, Senator Rae said to a reporter: ‘I would like to be part of a select committee to investigate the trade unions in Australia’s society and economy’. [More…]
I for one think that there are segments of this economy in which rationalisation is necessary. [More…]
I think it will be a long time before we have much competition in the steel industry, for instance, in this country because, after all, our economy is not so very big as to make that desirable. [More…]
It is worth noting that while criticism has been made of the fact that the discriminatory dealing provisions of this Bill have been based on the Robinson-Patman Act of the United States it is a fact that this legislation aims to maintain competition of a much broader kind than is provided under that Act because much to the chagrin of the Opposition this Government is committed to the strengthening of competition in the Australian economy. [More…]
The expansion of Clause 6 (iii) is a significant amendment in that it confines the horizons of the Corporation to areas of national importance so that in deciding whether to provide finance to a particular company or engage in a particular project, the importance of the industry to the Australian economy would be one of the 2 criteria to be considered by the Corporation. [More…]
To the extent that the supervisory council was successful in attracting money for the National Investment Fund, the Fund could be involved in various activities in the economy. [More…]
Such competition with existing bodies and involvement in the economy carries with it certain inescapable implications. [More…]
Any buy-back program would be wasteful and would not achieve its purpose in the total sense, as existing equity would only be spread differently throughout the economy. [More…]
We are very conscious of the potential power of this institution in the economy, and for this reason I will be moving an amendment to limit the net ability of the Corporation to issue investment bonds to a level not exceeding $500m, which would be the maximum difference between bonds raised and bonds redeemed. [More…]
The AIDC as a whole provides the opportunity for the Australian people to be involved in the growth of the economy. [More…]
Even allowing then for an increase in the work force this year of about 2 per cent that will show real growth in the economy of the magnitude of about 4 per cent. [More…]
With regard to the elusive bird productivity - that is with the same input you get a greater output - there are some areas in the economy that it is very difficult to measure. [More…]
That spilled into this economy and increased the volume of money. [More…]
There was a monetary boom which the last Liberal-Country Party government wilfully created in a moment of panic by spurting out a great expansion of money desperately to lift the economy again as an election approached. [More…]
Indices show that the economy is starting to level out, and this is happening in the building industry. [More…]
However, the main reason I wanted to enter this debate today is to state my case against 3 aspects of the Bill and to examine a little more closely and in greater detail the problem I have referred to concerning the diversification of savings from the private sector of the economy into the public sector. [More…]
Let us look at the National Pipeline Authority Bill, the Petroleum and Minerals Exploration Bill and this Bill which seek to give - and I have examined them closely - immense powers to nationalise, which I understand is the preferred word, very important sections of the Australian economy. [More…]
This Bill does not, in my view, add very materially to the power of the Government to subvert the Australian economy. [More…]
It is an instrument which can be good, which is very powerful and which can be abused, but there are so many other instruments in the economy which could be abused that it is really not relevant to say this can be made an instrument of socialisation. [More…]
This shows itself in the adverse balance on current account in our foreign trade, and this has been endemic in the Australian economy for very many years. [More…]
the importance of the industry concerned to the Australian economy; and [More…]
Interwoven into the economy is the need for organisations like the Post Office to pay their own way in order that we may be able to assist in avenues of social welfare those who are needy instead of subsidising a service that should pay its own way. [More…]
This legislation represents one of the great pork barrelling exhibitions of this Government to try to patch up the rather extraordinary and catastrophic situation into which it has taken the economy. [More…]
The Labor Government cannot implement this urgent program because of the devastating situation into which it has led the economy. [More…]
The Minister is willing to bring in something on this matter but he cannot do so because of the hideous mess that the Labor Government has made of the economy. [More…]
Had he not heard of the 23-year period before that time when the economy was such that more and more women were forced into the work force because of economic circumstances and did not have the freedom of choice? [More…]
Who will forget the 1967 Budget when the then Treasurer, Mr McMahon, expressed sympathy for pensioners for being left out of his ‘investor’s’ and businessman’s Budget because the economy could not afford it. [More…]
Last week the Treasurer (Mr Crean) told the Parliament that costs were rising at a rate in excess of 20 per cent and that the economy was characterised by a wages explosion. [More…]
The delays experienced by companies in seeking to pass on justified costs increases have, in themselves, added substantially to overall costs in the Australian economy. [More…]
Meanwhile the Tribunal, contained in size to a reasonable compass, would continue particularly the work which it is now doing with the degree of success which, as the Organisation for Economic Co-operation and Development put it, is ‘encouraging’, namely, checking out prices and price rises in areas of the economy of weight and significance, in sufficient depth and with sufficient authority to. [More…]
The Government in its zeal for change has attempted to re-structure the economy and our social order at too great a velocity. [More…]
The Prices Justification Tribunal was established last year by this Labor Government as one of a number of innovative measures introduced by the Government to combat the inflationary timebomb planted under this economy by the previous Liberal-Country Party Government. [More…]
The second point which might be examined by the Tribunal is one that is appropriate to a government which has an interventionist philosophy of economic management of the economy. [More…]
In those circumstances, within a socialist economy with an interventionist centralist socialist government, logic would say that that ought to be the object of the Tribunal. [More…]
As a recognition of the problems in the economy, it was a belated confirmation of the complete failure of Government policy. [More…]
4 in the Cabinet - can tell a meeting of his colleagues in the Caucus of the Labor Party that the Labor Party is presiding over the destruction of the Australian economy. [More…]
The economy cannot, and should not bc allowed to, continue to grow at the breakneck pace of the past year if inflation is to be brought under control. [More…]
At the Press conference the Prime Minister was, as usual, refusing to answer questions on the economy. [More…]
We have even had the spectacle of the Minister for the Environment and Conservation (Dr Cass) and the Minister for the Capital Territory (Mr Bryant) making statements on the economy. [More…]
Imagine his impact statement on the economy. [More…]
The Labor Government inherited an economy in which inflation had declined to 4.S per cent, after having risen earlier. [More…]
Under the stimulus of the 1972 Budget the economy was rapidly reaching full employment. [More…]
As the report of the Organisation for Economic Co-operation and Development on the Australian economy points out, that led to the 1972-73 Budget recording a domestic deficit of $2 15m instead of the $60m which was budgeted for in the Budget brought down under the leadership of the right honourable member for Lowe, Mr McMahon. [More…]
By mid- 1973 it was blindingly clear to all, except the Cabinet, that the economy was under demand pressure and that a balanced mix of both fiscal and monetary restraint was required. [More…]
Instead, at a time when the economy was already under quite obvious demand pressure, the money supply rose to a seasonally adjusted rate of 30 per cent annually. [More…]
The Organisation for Economic Development in its report on the Australian economy noted that there was no evidence of tax-push inflation using figures up to 1971 but noted as follows: [More…]
Does he have in mind the candidates for the position of Treasurer or would he have more in mind some others who have been silent on the economy? [More…]
That all words after ‘that’ be omitted with a view to substituting the following words in place thereof: the Government should be indicted for its incompetence in economic policy and the control of inflation and its broken promises as exposed by: the Treasurer’s statement; the public disagreements between Ministers; the irresponsible and misleading pre-election commitments; and the total failure of its economic management in the past 20 months, demonstrated by price increases at 14.4 per cent in the past 12 months and the other grave difficulties currently facing the national economy.’ [More…]
That all words after that’ be omitted with a view to substituting the following words in place thereof: the Government should be indicted for its incompetence in economic policy and the control of inflation and its broken promises as exposed by: the Treasurer’s statement; the public disagreements between Ministers; the irresponsible and misleading pre-election commitments; and the total failure of its economic management in the past 20 months, demonstrated by price increases at 14.4 per cent in the past 12 months and the other grave difficulties currently facing the national economy.’ [More…]
If we are to have economy in our transport system we should be making the greatest possible use of our existing capital facilities. [More…]
The increase in the cost of conversion over the past year is just part of the inflation in the economy and points up in sharp contrast what the Minister said on a previous occasion and what he now says. [More…]
The argument I have in this matter is that whatever section of the rural economy is involved it ought not to be on the basis of a star chamber decision on whether or not the person concerned is in necessitous circumstances. [More…]
However, rising production costs and withdrawal of Government support for the industry is creating a major problem within the market milk sector of the economy, which has expressed itself as in need of assistance such as is now proposed in this Bill. [More…]
That is an intolerable burden for an economy to bear. [More…]
It was a gimmick that undoubtedly had a strong appeal and influence on the result of the past 2 elections, despite the fact that it is now obvious that no coherent or workable policy had been developed that would allow for a successful commencement of this program and which not only recognised the needs of the children but could also operate within the bounds of our economy. [More…]
In the present Act certain important matters concerning the standard hours of work, altering minimum wages on grounds relating to the national economy, or altering annual leave or long service pay provisions, are exercisable by a Full Bench alone. [More…]
We have to have economy of scale. [More…]
It could be that the throughput of the factory is not sufficiently high to get the economy of scale that is required for efficient dairy production at the factory level. [More…]
I think the House should be grateful for the practical wisdom of the honourable member for Murray (Mr Lloyd) and the insight of the honourable member for Darling Downs (Mr McVeigh) who see the desirability of maintaining the family farm as part of the whole structure of the Australian rural economy and, indeed, of Australian society. [More…]
At a time when many areas of the economy are subject to investigation by the Prices Justification Tribunal and similar inquiries when charges in those areas are raised, it is not unnatural that other areas be looked at in a similar light, although in passing I might point out that it is strange that we have not heard of any legislative action which will result in an investigation of the circumstances in which Post Office rises are justified in order to keep the postal and telecommunications sections as viable organisations. [More…]
It would not be an extreme statement to say that the present government’s management of the economy, since it came into office in December 1972, has failed. [More…]
Much has been said by Ministers about how they inherited a situation of excess liquidity in the economy. [More…]
Although it was obvious in 1973 that the economy was gravely overheated no meaningful policies were introduced and it was not until September 1973 that the Government decided to use monetary and interest policy, currency appreciation and tariff reductions, to control an already alarming inflationary trend. [More…]
Last week the members of this House were witness to the Treasurer (Mr Crean) making a statement on inflation and announcing government policy initiatives which were ostensibly directed towards restraining demand in the economy. [More…]
I wish on this occasion to make a few more general observations on the economy in an attempt to encourage thinking people to see our inflationary situation from a different perspective. [More…]
I submit that it is the primary responsibility of Government to ensure the implementation of policies which overcome basic shortages throughout the economy. [More…]
This cannot be achieved by simply preventing demand from being satisfied by the application of fiscal measures, but rather by ensuring that both employees and employers are encouraged through specific government policies to increase production and productivity in the economy. [More…]
The introduction of disincentives, such as the removal of investment allowances by the Government in the 1973-74 Budget, did nothing to increase production in those sectors where demand has outstripped supply but has merely intensified the imbalance between supply and demand, and added to the already depressing mood of uncertainty felt throughout the Australian economy. [More…]
One of the primary causes of the domestic inflation in Australia has not only been the Government’s misjudgment but its failure to encourage further investment in the productive sector at a time when the Government’s budgetary and welfare policies are injecting excess liquidity into the economy. [More…]
In the last 6 months of 1973, when the economy was under demand pressure, the Government’s budget deficit was almost $2,000m. [More…]
There is no way that an economy can continue to absorb such stimulus, particularly when there is no encouragement for increased supplies and productivity. [More…]
Government fiscal policies in particular should be applied more selectively to the economy and directed at those areas where expansion is required more rapidly than in other areas. [More…]
Ordinary market forces will help to stabilise the economy provided the Government uses its fiscal and monetary policies to give a guide to those areas in which it wishes to see an expansion or contraction of economic activity. [More…]
Let us find new ways of doing things - of managing our economy - which will give full expression to the great imagination, the great potential and the great energies of the Australian people. [More…]
Australia, with an economy so strong in so many respects, faces great difficulties but not disaster. [More…]
Despite the great strides that have been made in so many fields so far, further advances will now have to proceed under the constraints imposed by an economy not of this Government’s making and certainly not of its liking. [More…]
The workings of this economy are irrelevant to the objectives of this Government and indeed the aspirations of the Australian people. [More…]
The shortcomings of the Australian economy have been displayed in sharp relief as a result of the determination of this Government to spread the riches more equitably and to push this nation towards the ideals so clearly enunciated in the platform on which this Government has now twice been elected. [More…]
They were the reasonable demands that one would expect an affluent economy to be able to meet with ease. [More…]
Yet this economy has failed as capitalist economies have failed around the world. [More…]
Another major deficiency of capitalism was found in its inability, in the aggregate, to sustain balance in the economy. [More…]
This major deficiency of capitalism was at least partially overcome by the acceptance of Keynesian principles which hold that governments should step in to influence aggregate demand and aggregate investment in an attempt to keep the economy in some sort of balance. [More…]
This has resulted in the creation of a pseudo-capitalist system where hardly any of the precepts and preconditions of capitalism exist as in the contemporary Australian economy. [More…]
The concept of the market economy is a myth, so numerous are the aberrations which have grown up over the years. [More…]
These people know that as long as this capitalist economy remains in Australia, unemployment is to be expected. [More…]
In a capitalist economy it is those people, typified by the ordinary working people and the struggling young, aspiring home owners, who are hit hardest in times of stress. [More…]
In order to overcome these worst excesses of the capitalist system it is important for the Government to play an even greater role in the economy, but not only for that reason. [More…]
It is also necessary for the Government to take charge of the economy in order to overcome inflation because the inflation that we are experiencing today is very largely caused by the activities of the private sector, and there is no doubt that the defeating of inflation is a necessary preoccupation of this Government as it is this that will determine the rate at which it can implement its program to create a better Australia. [More…]
I have said that the current inflationary experience is, in part, a manifestation of the fact that the economy has been unable to respond to the demands which the Government’s program has made on it. [More…]
This must be achieved by the Government taking a larger role in the economy and by discarding the outdated principles of the market. [More…]
At the moment this Government - indeed any government would be - is in the unenviable position of having to take responsibility for the success or failure of the economy without having the ability to influence that success or failure to any real extent. [More…]
There are therefore 2 compelling reasons why the Government must work for a fundamental change in the Australian economy. [More…]
The first is that only in this way will the economy become sensitive and responsive to the demands made on it by the Australian people. [More…]
Secondly, it is only in this way that the Government can effectively influence the performance of the economy without recourse to actions such as credit squeezes and employment fluctuations, the efficacy of which actions are dubious in the extreme. [More…]
The Government does need that control if the people are going to hold it responsible - as they must - for the performance of the economy as a whole. [More…]
They know that the capitalist solution to inflation is quite unacceptable and would support moves by the Government to effect those changes which are necessary for it to be in complete control of the economy. [More…]
It is not only the principle that causes me concern but also the vicious attack that is being made on local governments and their economy. [More…]
I do not believe that the Australian people, or the media, have fully comprehended the significance of this Bill or the impact it will have on Australia, its people, its economy and its life style. [More…]
Is the Prime Minister aware that differing views on the problems of the Austraiian economy by many of his Ministers and disagreement within Caucus have increased the confusion and added to the lack of confidence apparent in the Australian community? [More…]
Will he inform me whether in his view progress can be made in future Caucus and Cabinet meetings on an overall policy for the Australian economy which his Cabinet can agree with and Caucus will support? [More…]
The question that was asked the honourable mem’ber for Port Adelaide was directly as to what would have been the effect on the Australian economy and Qantas Airways Ltd if crude oil prices in Australia had been brought up to world parity as was advocated by the Australian Country Party in the recent election campaign. [More…]
I think that the most efficient and best parts of the textile industry in this country will grow substantially, but I do not have a good view of the future for those in the industry who have not been able to keep up to date and who do not warrant a place in a modern economy. [More…]
Given that tax policy is, or can be, a major tool in the management of the economy, this is good and maybe even necessary. [More…]
This Government had no right to bring an entire and an important section of the Aus tralian economy to a position where, today, it is on the brink of disaster. [More…]
No government can allow an entire sector of the community and the economy go to the wall as a result of that government’s actions. [More…]
-The fact that we are debating this Commonwealth Electoral Bill for the fourth time is in itself an explanation of the chaotic position in which we find our economy, our society and our nation- a nation that was described in the Press yesterday as being on the brink of anarchy, a nation that is supposed by many to be tottering on the brink of economic chaos, a country with increasing unemployment, high and rising inflation and an incredible increase in the number of strikes. [More…]
This debate has been brought about solely by the selfinterest of the Australian Labor Party in endeavouring to entrench itself in a way which is in the interests neither of the nation nor of the economy which the Government is charged to administer. [More…]
No doubt a tremendous crisis exists generally in the administration of the Australian economy. [More…]
The other preliminary observation I make is that I wonder whether when those in the future come to read of this occasion- I forbear from using that adjective which seems to jar upon so many people- they will have a towering impression of the high sense of relevance that grips the Australian Parliament in dealing with a Bill of this nature, to add 4 new senators to the Australian Parliament, at a time when the economy is tottering and when disaffection is present. [More…]
They sincerely believed that they could improve our economy. [More…]
It is up to the politicians to reform the monster before it bankrupts the economy and destroys itself. [More…]
At the present time the economy is in disastrous shape. [More…]
We have seen the great strains on our economy at present. [More…]
I know that it is the policy of my Party to abolish the means test and I thought it was the policy of the Government to do so, but its spending in other directions, which has reduced the economy to dire straits, has not allowed it to do so. [More…]
The honourable member for Mackellar is not allowed to discuss the economy or anything else; he is allowed to talk only about the reason why my ruling should be disagreed with. [More…]
Hence the desire of people for social improvement is stifled by the ability of the modern government and the modern economy to supply it. [More…]
No allowance is made for the sizeable balance of payments benefit that the mining industry has provided for the Australian economy. [More…]
In the long run, the development of the Australian petroleum and mineral industries will lead to major structural changes within the Australian economy. [More…]
Is it little wonder that the Government is now crawling back to the people who are capable of bringing tens of millions of dollars into this country to give us at least some reservoir of finance to restore the economy of this nation? [More…]
If the Government has any doubts about what I am saying, let me refer to the capital investment figures prior to its taking over of the economy of this nation, prior to the beginnings of the conditioning of the industry to being crushed by the Bill before the House. [More…]
I want to see a planned economy. [More…]
There is no need for this sort of extravagant authority in order properly to control and direct the important areas of our economy. [More…]
It is extraordinary to imagine that sums in the vicinity of $200m a year could be envisaged for this sort of unnecessary involvement in government ownership at a time when this very Government has arbitrarily, by the stroke of a pen, taken away $ 1 30m from the area of child care, and has taken away, by another stroke of a pen, $28m which has been directed to keep some sort of balance in the price of petrol throughout this vast community, throughout this vast economy. [More…]
Ours is a mixed economy and is likely to stay so in the lifetime of any one of us in this Parliament. [More…]
That so much of the Standing Orders be suspended as would prevent the Leader of the Opposition moving that this House, having been assembled, do not adjourn until a full debate on the economy, industrial relations and unemployment is concluded. [More…]
I second the motion that there should be a suspension of Standing Orders to allow a full and complete debate on the economy and industrial affairs. [More…]
The Opposition has asked for a debate on the economy and industrial affairs when the country is gripped in one of the worst economic and industrial crises ever. [More…]
Apparently the only way to control inflation is to put the whole economy into a straitjacket. [More…]
It is a shocking state of affairs when the Treasury is being denigrated and downgraded publicly and being used as a scapegoat, as the Leader of the Opposition said, for the inadequacy and incompetence of this Government in its management of the economy. [More…]
The economy is in the worst mess we have seen it in. [More…]
We just do not know where this Government will finish up in its handling of the economy. [More…]
Yet it claims its members are the ones who care about the economy. [More…]
He said in the Senate that the Opposition is endeavouring to make it unworkable and whatever might be wrong with the economy today he put it at the doorsteps of those who support the Opposition in another place and members of the Opposition know the reason for this. [More…]
That is why there is trouble in the economy today. [More…]
I am pointing out the deteriorating situation in regard to the economy, the industrial situation and the vacuum of leadership. [More…]
Those who sit opposite and cry about the poor people and exploitation and the economy, today do not want us to discuss trade practices; they just want to put up their phoney propositions of censure on the Government. [More…]
Apparently he considers that the Opposition’s efforts this morning to have a debate on the economy are a waste of time. [More…]
In view of the importance of this special sitting of the House and the opportunity it provides to have a full debate on the economy, I ask you, Sir, to reconsider your interpretation- because that is what it amounts to- of whether recognition of a notice of motion, which I think everybody agrees has happened, is an acceptance of the motion. [More…]
The great issue facing this country today is the state of the nation and the state of the economy. [More…]
W. Goldsmith: ‘Financial Intermediaries in the American Economy since 1900’, Princeton for National Bureau of Economic Research, 1958. [More…]
recommendations for the adjustment, from time to time, of social welfare programs in the light of changing community circumstances and attitudes and the state of the economy; and [More…]
In deciding the amount of road assistance to be provided to the various States and for particular road categories, the Government had regard to the recommendations of the Bureau of Roads in its ‘Report on Roads in Australia 1973’, the Government’s other expenditure commitments, including its other major transport initiatives, and to the general state of the economy. [More…]
Have those gentlemen explained to the Minister the very great reliance that the State of Tasmania places on shipping services from the State to the mainland and that the increases imposed by the Australian National Line on shipping freight rates is a further blow to the level of the economy in Tasmania? [More…]
An increase that had just been put through then probably had as much effect on the Tasmanian economy as the present increase in freight rates will have. [More…]
Does the Treasurer know of reasons for a statement that there are mounting signs of a coming global financial and monetary crisis which could wreck the economy of the world? [More…]
The mining industries of northern Australia are making a noteworthy and vitally important contribution to the economy of Australia. [More…]
I will say it again: An economy subjected to exceptional strains. [More…]
The Government acted decisively to ease the excess pressures on the economy prevalent during most of 1973-74. [More…]
The Leader of the Opposition on that occasion said that he wanted to discuss the economy. [More…]
He did not deal with the economy in general. [More…]
Had it not been for that election the debate on the economy which the Leader of the Opposition wanted last month on 23 August would already have been in full swing. [More…]
We would have been having a debate on the economy and on the Budget in the proper place, in the proper manner and at the usual time. [More…]
The Leader of the Opposition and the Leader of the Country Party in their speeches on the motion for the suspension of Standing Orders to debate this motion on 23 August warned us about the terrors of the terrible things that our socialist policies were supposed to be doing to the economy. [More…]
The Australian Government was interested in keeping the construction activities of Mainline going, both because of our position as a customer and because of our concern for the economy, the workmen and sub-contractors involved, but we cannot accept the attitude that when gambles of the sort that Mainline embarked upon fail to come off the Government suddenly acquires obligations to save entrepreneurs from the consequences of their own folly. [More…]
For business we have laid the foundation for renewed business confidence; confidence that the economy will continue to grow. [More…]
The economy is buoyant. [More…]
The benefits provided for postgraduate scholars are return economy air fares to and from Australia, a living allowance of $2,925 per annum, a marriage allowance of $700 per annum and a dependants allowance of $234 per annum, in addition to other miscellaneous expenses. [More…]
He also stated that the money will not be returned to the ship’s crew, but retained by the unions ‘so as not to undermine the national economy’. [More…]
A staff of eleven headed by a Class 10 Third Division officer cannot ‘take on’ the whole of the Australian economy. [More…]
The Government has also recognised that the provision of large amounts of bank finance to the Corporation would have meant a substantial reduction in the amount of such finance available to meet other essential needs in the rural and other sectors of the economy. [More…]
Announcing the minibudget proposals last Tuesday, the Federal Treasurer, Mr Crean, said: ‘I say, without exaggeration, that the Australian economy now faces a highly dangerous situation. [More…]
If it would see its way to rejecting the enabling legislation, as it has done in the case of members’ salary increases, it could be doing a service not only to the economy of Australia, but to the PostmasterGeneral ‘s Department itself. [More…]
So that affects the entire economy in towns like Murray Bridge, Renmark, Oodnawoopwoop, or wherever else one may go. [More…]
The Government has presided over the almost complete ruination of the Australian economy. [More…]
Whilst we are aware of the fact that the trade union control within the Department is very profound and very significant, whilst we are aware of the fact that that great Department is absolutely vital to the economy and to the welfare of the Australian nation, and whilst we are absolutely sure that we know that this great Department can be strangled by industrial action, we must admit that over these next 9 months the most likely scene in Australia will be that of further disruption and further effects of the inflationary process upon the Postmaster-General’s Department. [More…]
We all are aware that inflation generally has eroded returns in other sectors of the economy with a consequential impact on wage and salary scales. [More…]
The growers will in the main contribute a lot more to the economy than they will receive in return. [More…]
It must never be forgotten that imports play an extremely important part in our economy. [More…]
Finally, in taking into account the IAC report on the motor vehicle industry, the present state of the economy and the level of unemployment will certainly be taken into account when a decision is made about that. [More…]
There is a position developing in this country which, unless it is shortly brought to a halt, is going to lead to the total destruction of the Australian economy. [More…]
Costs in the rural sector have risen by 16 per cent but these cost rises are affecting all sectors in the economy equally. [More…]
The Whitlam Government is opposed to ad hockery and wishes to act justly with respect to the rural sector and to accord it no special favours over any other sector of the economy. [More…]
The Australian domestic economy is more dependent than most on primary industry. [More…]
The greatest contribution that any government can make to Australian industry is to provide competent and responsible financial management of the national economy, yet this Government has given up any attempt to tackle inflation. [More…]
Having managed to reduce a healthy prosperous economy to chaos in less than 2 years, this Government is unwilling or unable- probably both- to take the necessary measures to get some sanity back into the economy. [More…]
If there had been any last hope that the Government would finally come to its senses and show some appreciation of the role of primary industry in the national economy, that hope was shattered by the Budget. [More…]
We no longer think about the problems of the economy. [More…]
If one examines sanely where inflationary pressures were created, one appreciates that when an enormous amount of capital is infused into the economy in such a way that money is chasing too few goods and too few men and materials, one has an understanding of the real situation. [More…]
It was a speech which was designed to destroy confidence in the Australian economy. [More…]
It was also a speech in which reference was made to the ‘crippled economy’. [More…]
Not a single suggestion did he make as to how he would cope with the problems that confront our economy and the problems that confront the economies of every nation in the Organisation for Economic Co-operation and Development. [More…]
I can clearly recall that when the basic wage was increased by f 1 a week in 1949 the people were told that the economy could never stand it. [More…]
Our economy is basically sound and no huffing and puffing by the Leader of the Opposition or those who follow him can make it unsound. [More…]
When the Australian Labor Government took over the reins of office in December 1972 there were 4 factors affecting the economy of the country. [More…]
That part of the world, namely the Western world, which runs the capitalist system, the mixed economy and the world trading type system such as our own, has been in the grips of a world boom. [More…]
The capitalist economy has always ricocheted from boom to slump and back to boom again. [More…]
He is a very recent member to this Parliament and obviously has done no homework at aU in recent economic history to learn what the tools are to control this economy. [More…]
It is simply not good enough for senior Ministers who should be responsible for the management and expansion of our economy to gloat over and to point to the Mainline Corporation Ltd collapse as an example of private enterprise. [More…]
Many of our businesses and firms which are well managed and have provided the means of sound employment and have contributed to a thriving national economy are now under intense pressure. [More…]
Years of achievement, which has never been easy, have been nullified by an across the board tariff decision without reasonable reference to each specific industry, to the efficiency of those industries and to the value of those industries as a component of the total economy. [More…]
I point out that when an economy has reached a very high point of demand, of inflation, such as ours has, there is invariably sooner or later a downturn in demand and a downturn in employment. [More…]
Of course, they have always been conscious of the role they play in the economy. [More…]
In fact, the wool industry has quite rightly been looked upon as having played a major part in the development of Australia and as such it has been involved in the total economy. [More…]
The criticism that the ‘Australian Financial Review’ has levelled at this grant is that the money coming from private banks would have mopped up liquidity in the economy. [More…]
But because the money is coming out of Government funds, it will not mop up any liquidity in the economy. [More…]
Before the quorum was called, I was referring to the effect of the reserve price on the internal liquidity of the economy. [More…]
But it also has important and diverse effects through the economy itself. [More…]
The Budget which was presented last week will, as a result of the squeeze it has applied to the private sector of the economy and its expansion of the government sector, add enormously to inflation, will add to our balance of payments problems and will add also to the level of unemployment because of the blow which it has struck at business confidence. [More…]
This is a very welcome side effect of this measure, because it will be injecting a considerable amount of liquidity into the economy and should help to overcome the liquidity squeeze with which we are faced. [More…]
The measure that has been used to advance money to the Australian Wool Corporation also will do something to increase the liquidity in the economy. [More…]
This is because of the enormous increase in costs to the industry as a result of the economic mismanagement, the inflation and the general ineptitude of the handling of the economy by this Government. [More…]
I think that everyone wants as soon as practicable- as soon as world markets and seasonal conditions will allow- to see wool growers return to the honourable position which they have occupied in this great industry and the economy for so many decades- in fact, going back to the original days of settlement of this country. [More…]
Because the public sector has always been that section of our economy which has gone without in the past when there has been a need to cut expenditure, the needs of the public sector are greater than they should be. [More…]
It pushes the economy deeper into both inflation and unemployment. [More…]
Australia’s social and political stability has been placed at risk by this Government’s absolute incapacity to manage the national economy. [More…]
In short, it is a Budget which has attempted to purchase a welfare program at the expense of the economy required to sustain it. [More…]
There is, however, a need for all of us not to try to push ahead so fast that the economy is unable to meet our demands. [More…]
Insofar as the economy is concerned the Prime Minister and his senior Ministers have woven a web of fabrications, broken promises and deliberately misleading statements. [More…]
The Budget allocations for adjustment assistance and expenditures designed to facilitate the transfer of resources within the economy are simply inadequate to meet the implicit transfer of domestic resources. [More…]
During 1973, with the economy moving strongly ahead, restraint and an over-riding sense of moderation were required. [More…]
This, in turn, will substantially increase cost pressures throughout the economy as firms and wage earners seek to pass on the effects through increased price and incomes claims. [More…]
The mining industries of northern Australia are making a noteworthy and vitally important contribution to the economy of Australia. [More…]
Sentiment would play some pan in preventing its destruction, but the primary reason would be economy. [More…]
In my opinion this is the best way to provide a national economy in which a healthy, growing rural industry can play its part, not only to meet the needs of the Australian people but also to meet the needs of the millions of people in undeveloped, underprivileged and underfed countries. [More…]
None of these things, of course, has any worthwhile place in a socialist economy. [More…]
If there is a need to raise extra revenue- I do not concede that there is if the economy is properly managed- it should be done through adjustment of the normal direct and indirect taxes. [More…]
We know, as the Labor Party knows, that the Australian people have had enough of this Government and the mess that it has got the economy into. [More…]
I stress that no responsible Opposition and no responsible Government would want to return to the conditions of the over-heated economy and the over-full employment situation of earlier this year. [More…]
This Budget represents a redistribution of resources from some sections of the private sector of the economy to the public sector. [More…]
It is a reallocation of resources to assist the needy and to ensure that the excessively wealthy do their bit to assist those needy people and the needy sections of our economy. [More…]
Is it any wonder that they took no action, despite the national needs of our economy, to bring about any control of fringe and merchant banking? [More…]
We are not just trying to use a Budget as a single instrument of economic policy but are using all of the various instruments available to government in order to set to to control the economy and in particular to control inflation; first of all demand inflation created by the Opposition because of the foolishness of its policies in the last 3 years it was in office. [More…]
Of course, the Budget must put stress on the management of the economy and give an accounting of the Government’s past housekeeping and its projections for the future. [More…]
This would have raised taxes and charges; it would have deflated the economy in the most drastic way. [More…]
How much more intolerable would have been the crushing burden placed on the workforce by stringent policies of demand management designed to carve the heart out of the economy. [More…]
The effect of this strategy should be to give a mild stimulus to the economy and I think this is the appropriate response at a time when employment prospects have deteriorated. [More…]
We were kidding ourselves if we thought it was possible for Australia ever to escape the impact of the heavy inflation that has plagued every advanced economy in the world in the past decade. [More…]
It would also be part of the on-going debate on inflation and the functioning of our mixed economy. [More…]
These figures give the lie to the scaremongery which we hear so often that this economy is not doing so well at present. [More…]
It is quite easy to see that when something is thrown out of equilibrium- as was done by the previous Liberal-Country Party Government for political purposes in order to try to regain the ground lost during 1972 and to retain the government of this country- a tremendous strain is placed on the economy of this country. [More…]
This Government took measures to prevent this oscillation in the economy. [More…]
As part of a co-ordinated plan we are taking steps to see that those measures which were taken in answer to this tremendous liquidity in the economy are now changed. [More…]
More importantly the oil crisis has had a destabilising effect on the world economy as a whole. [More…]
As I said, the Budget can be truly called a disaster Budget for Australia and its economy. [More…]
BHP is probably our greatest industrial undertaking in Australia, one that has made a great impact on our economy and one that has provided excellent employment for hundreds of thousands of fine Australian employees. [More…]
Since Labor came into office in December 1972 our program of legislation in every field of the economy has been a monument to the courage of the men who initiated it and the humanity of vast areas of it. [More…]
He trumpeted loud and long about how this was to be the most significant union conference of all time- the most significant in Australia’s history following the most significant Budget in Australia’s historybecause it was going to solve the problems of the economy. [More…]
This decision has been taken in the light of the importance of insurance in providing protection and security to millions of Australians and, thereby, contributing to the effective working of the economy. [More…]
Did the Acting Prime Minister say on Sunday night: ‘You can’t cure inflation in any situation by causing your economy to contract’? [More…]
Does the Acting Prime Minister deny that the economy has already contracted to a serious degree? [More…]
The contraction that it taking place in the economy today is a contraction that always takes place when a peak is reached, and much of what is happening today is as a result of the normal contraction of the economy that must take place. [More…]
Far from being a pipedream, it is a very necessary job for the economy of the Commonwealth today. [More…]
It follows from demand inflation which has been brought pretty much under control and which was a symptom of excess liquidity being let loose into this economy by the Liberal and Country Parties in the last part of 1972. [More…]
Everybody agreed that the economy was grossly overheated and corrective action had to be taken. [More…]
I would recognise this as proper usage of taxpayers’ money for the benefit of the nation’s economy. [More…]
In my opinion finance spent on the restoration and the maintenance of our beef road system is certainly not wasted and does much to maintain the industry and our economy. [More…]
As the Minister well knows, north and north-western Queensland contribute a large share towards the nation’s economy and this effort must be sustained. [More…]
Although this Bill in itself is only for the purpose of extending the period of application of the scheme it is assuring to learn that the Government recognises the great importance of the beef cattle industry to export earnings and to domestic strengthening of Australia’s economy. [More…]
Over a long period, the Tasmanian economy has steadily lagged behind the growth of the mainland economy. [More…]
It is this exodus of young people that is draining the lifeblood of the Tasmanian economy. [More…]
The Tasmanian economy is relatively dependent upon rural production. [More…]
It follows that much of its economy depends upon the prosperity of its rural industry. [More…]
These are the 3 major industries, along with the dairying industry, on which Tasmania’s economy still depends to a very large degree. [More…]
Its S representatives in this House, including the Minister for Defence (Mr Barnard), have stood aside while Tasmania’s economy has been systematically debilitated by this Government’s economic policies. [More…]
We are particularly aware of the burden placed on the Tasmanian economy and on Tasmanians by their reliance on sea transport. [More…]
We have appointed Mr J. F. Nimmo, a member of the Grants Commission, as a Royal Commissioner to inquire into the impact of freight rates on the Tasmanian economy. [More…]
Not simply has this Government failed to direct a single policy towards the moderation of cost pressures, it has recently on at least 3 separate occasions contributed directly towards increased costs throughout the economy. [More…]
We had high overseas reserves and a stable economy. [More…]
Is the cause some overseas event or is it this Government and this Government’s total and absolute mismanagenent of the Australian economy? [More…]
He taught and persuaded people, and politicians and governments that the concept of a deficit Budget was not an evil concept but that it was appropriate in times of slack demand in an economy for a government to spend more than it gained in taxes in any one year. [More…]
That stimulus, I think, probably made it easier for governments to maintain a sensible, sane balance in the economy. [More…]
So there is no respite from pressure from that quarter, no matter what the state of employment or the state of the economy. [More…]
If the Country Party and the Liberal Party formed the Government they would have a policy which would stabilise the economy, and the actual expenditure it would put forward would be a basic expenditure which would give a greater net return than the expenditure by the present Labor Government. [More…]
I say ‘necessary investments’ because in the present free market economy which the Opposition and the media so strongly defend we have some unused resources at the present time and yet significant shortages of goods. [More…]
I put it to honourable members that because of the panic stricken estimates about the future of the economy manufacturers- incorrectly, to my mind- are postponing investments and are therefore unable to supply their goods. [More…]
If one wants to buy furniture or house fittings in Sydney, for example, one finds that our brilliant private enterprise economy makes one wait for weeks or months in some cases until they actually produce the goods. [More…]
A return of a Liberal-Country Party government would mean the return of some semblence of order in the economy. [More…]
If the previous Government’s policies had been in operation we would be seeing at least one of these mills almost coming into production now, adding considerably to the economy. [More…]
The Opposition Parties are very much aware of the significant contribution which this industry makes directly to the Australian economy. [More…]
He would be equally aware that at this stage no Government policies have been brought to bear in order to prevent a further serious decline in the fortunes of the tourist industry and therefore directly in the capacity of the Australian economy to take up the increasing number of persons unemployed not simply throughout the tourist industry, which as I have mentioned before is a significant employer of labour, but throughout the country. [More…]
The main beneficiaries from any domestic tourism increase, let alone a boom which I hope will happen, will be the private sector of the economy- hotels, the catering industry, tour operators, coach services and others. [More…]
At this moment when our other major industries, that is the mining and pastoral industries, are under heavy attack from this Government- I am talking generally about Australia but in particular about only one-sixth of Australia because I represent one-sixth of it- it is significant that the tourist industry can be of great assistance to the economy. [More…]
In particular it lends itself to two areas of the work force which, given a slight downturn in the economy, can have difficulty obtaining employment in remote areas. [More…]
In particular, decentralised areas are usually the first to be bit by a downturn in the economy. [More…]
Well, it has been deforming in the sense that we took over a deformed economy, but I will not go into that in detail now. [More…]
Where do we see in any part of the statement itself or the statements that are attached any forecast of the way in which the economy is to grow and grow in a way which will be productive and will be the sound foundations on which future developments and better opportunities and life style will be created? [More…]
Where do we find in the statement or the statements attached anything relating to a balance between demand and supply in the economy or our international balance of payments or an understanding of those problems that are so critically important if we are to know where we are going and if business is to have confidence and the people are to know that they are being satisfactorily and reliably governed? [More…]
In this House only yesterday the Deputy Prime Minister tried to deny that there was anything in the 2 Budgets designed to create the atmosphere and the conditions under which there would be a reduction in the private sector of the economy to permit assets to be transferred to the public sector. [More…]
But any sensible person will know that you cannot tie an economy to a set of rules and deny yourself flexibility. [More…]
We do not have the advantages in Tasmania of road or rail alternatives and the whole economy of the State can be brought to a standstill if we are priced out of the market by the disadvantages of excessive freight rates. [More…]
The establishment of the Apple and Pear Corporation will, I hope, provide that industry with an organisation that will enable these people to make a substantial contribution to the State’s economy, not only to survive, but also to prosper. [More…]
Because we used both the brakes and the accelerator, as occasion required, we incurred their criticism but at least we kept the Australian economy moving forward at a relatively steady pace and we kept unemployment within relatively narrow bounds. [More…]
Indeed, in the period of slumflation which we are now entering, the stimulus of public expenditure may well be justified as a measure of pump priming which the economy would temporarily require. [More…]
This is what this inept Government has done to our once prosperous and stable Australian economy. [More…]
Rather it would he in the continuance of the credit squeeze and related measures, which have already brought the Australian economy to the verge of collapse and which are spreading a wave of unemployment far worse than this generation of Australians has ever known. [More…]
This assistance will be substantially welcomed by the people of Queensland and money so spent will contribute to the development of the economy of that State and in the provision of better services to its people by way of health, education, housing and the like. [More…]
At a time when inflation is at an alarming level and is still rising rapidly, is ripping the heart out of our country, is destroying the savings of our people and is cruelly and viciously striking at pensioners and those on fixed incomes as well as the home seeker,, the primary producer, the working man and the business man, and when a wage-price spiral is wrecking our economy; a Budget is presented to this Parliament which seeks to do absolutely nothing at all to stem the tide of inflation. [More…]
There were constant threats to the economy which meant that previous governments could not do the things that they would have liked to do. [More…]
I support the amendment because of the state of the economy in Australia at present and because this Budget that we have before us, although it tersely acknowledges the problems, in no way sets out to solve them. [More…]
We see it as a critically important objective of our policy to combat the inflationary forces now running in our economy. [More…]
Furthermore, it has been framed within the context of an economy subjected to exceptional strains. [More…]
Also there arises the possibility of the economy of a small nation like ours being manipulated by external forces. [More…]
The general laissez-faire attitudes that were adopted in the 1960s stretched the economy of the country beyond all bounds. [More…]
I believe that if the Opposition is to have any credibility at all it must answer some of the questions that are asked of it as to what it sees as the solutions to the problems, whether it can deny that the position of our major trading partners in many instances is far worse and whether it can deny that their situation affects our economy. [More…]
But to say that this Budget is framed just as a social instrument, not as an economic instrument, and has nothing to do with the economy and to blame that statement on the fact that our trading partners have a heavy inflation rate seems very illogical to me. [More…]
As I said earlier- and I say again- when sectors of the economy are brought to their knees the rescue operations cost so much more than the cost of keeping the economy in some reasonable state of stimulation so that the problem does not arise at all. [More…]
Similar operators have played a most dominant part in the economy of Western Australia. [More…]
Since we have assessed the economy as one in which there is need for an increase in the money supply, I point out that since June of this year we have released $600m to the trading banks- $600m. [More…]
I think that I would have to answer that by saying that the Goverment ‘s advisers have said that any attempt to stabilise the economy by credit or by fiscal measures could result in unemployment. [More…]
They should be able to put the finger on the cause and effect a remedy to support the economy of northern New South Wales by ensuring that supplies are made available. [More…]
In particular, it should be noted that, although no one could deny the important contribution made to the economy by housewives and others not otherwise employed, they have until now been excluded from any scheme of workers compensation. [More…]
Having brought the economy to its knees, having completely destroyed it and having pulled the rug out from underneath it, is the Government in a position to say that because of subdued conditions that exist in the private sector it will drag all the resources into the public sector? [More…]
I suggest that the Government could easily have spent the money, if it wanted to, in providing some stimulus, some incentive and some meaningful tax cuts to the economy- to business, to the private sector and to individuals- rather than these phoney tax cuts that will be meaningless by Christmas. [More…]
I wanted to make reference to the capital gains tax and the serious effect it will have on family farms, small businesses and the general economy in the private sector. [More…]
The 1972 Budget, aimed at winning the December election by pumping money indiscriminately into the economy; the huge inflow of foreign capital and available funds which enable anyone and everyone who wanted to take off on some speculative venture to do so without any consideration of the supply of goods, labour and materials that was available; and the international rise in prices of commodities such as wool, wheat, meat and so on and later oil caused a rapid rise in domestic inflation. [More…]
In fact, if one reads speeches made by members of the Opposition from March to June 1973 when the Government had made no major economic moves that would, at that stage, have had any significant effect on the economy, one is struck by the absurdity of their claim that the then existing inflation rate of from 8 per cent to 10 per cent was the fault of the Australian Labor Government, when it was obvious that at that point the inflation we were suffering was totally as a result of economic policies pursued by them during their last months in office. [More…]
Lacking powers over prices and operating in a free market economy, the Government took the only steps open to it to reduce inflation. [More…]
This inflation caused by the Liberals’ handling of the economy had created the situation where anyone who did not have his money in land and property speculation, and instead had it invested in banks, building societies, etc., was losing heavily on his investment. [More…]
The Government, lacking power over prices and incomes and able only to fine-tune the economy by exercising the controls it has over the flow of money both into and within the country, and its powers of currency valuation and tariffs, sought to make the market more competitive and less speculative by using those powers. [More…]
Quickly brushing off the international situation and the economic situation prevailing when we came to office in 1972, he blamed the present state of the domestic economy on fear- fear of socialisation. [More…]
It is absurd to see the economy on the one hand as being free enterprise and therefore different and on the other hand as being Government and absorbing enormous benefits from the success of commerce within the country. [More…]
There is very little variation in humanity or human outlook whether one has a free enterprise economy or a socialist economy. [More…]
Certainly they stimulated the economy and certainly the unemployment that was apparent in August and September of 1972 had vanished by March, April and May of 1973. [More…]
He said that we must reduce inflation by imposing consistent and restrictive fiscal, monetary and foreign trade measures, with all industrial nations cooperating; end inflation-oriented thinking; recognise the simple truth that we must put something into an economy to get something out of it; gear wage and salary increases to productivity; curb excessive demands for wage increases, greater social benefits, shorter working weeks, and so on; and avoid creating more special- International Monetary Fund- drawing rights, raising the price of gold, imposing import restrictions, or forcing trade among industrial nations in a bid to correct the balance of payments problems. [More…]
It is such a small amount in the context of the $ 16,000m that the Government has taken from the economy that it seems incredible that it could have been done with any economic motive in mind, and one wonders what on earth the social motive could be. [More…]
I will vote for the amendment and I hope that it will not be long before Australians understand that they have a group of people in their Government who do not know what they are doing as far as this nation and its economy is concerned, people who appear to have a very limited sense of” responsibility and who allow- the best one can say- their compassion and their sincerity to get the better of their own judgment, people who want something for nothing and who set abroad in this country this pernicious belief that you can get something for nothing when you can not. [More…]
What is happening in Australia today, with the severe problems of maintaining full employment and coping with inflation, is partly rooted in the national economy, but it is due more to the international situation. [More…]
That it is the world economy, rather than tariffs, which determines the level of imports was quite clearly shown in our experience last year. [More…]
The objective is to incorporate a very much greater share of the economy in the Government sector, by transferring resources from the private sector to the public sector. [More…]
It will mean that the much larger public sector can maintain planned and ongoing investment and welfare expenditures, and thereby reducing the vulnerability of the economy as a whole to the stops and starts of international capitalism. [More…]
Thus, in analysing the present economic situation, we are looking at not one economy, but two. [More…]
These incredible mis-statements of the facts on our inflation rate by senior members of the Opposition signify the desperation of the Opposition to cash in on what it sees as a politically advantageous position, without making any concessions to the realities of the world in which the Australian economy is now operating, without worrying too much about sticking to the facts and without bothering to explain how its rag-bag of alternative policies would improve in any way the situation in which we now find ourselves. [More…]
The fact is that the economy of almost every developed capitalist country in the world is plagued by growing inflation, as I have shown, and by growing unemployment and high interest rates. [More…]
That even includes one communist country- Yugoslaviawhich, although it has the world’s most developed system of worker control, also has a competitive market economy similar to that operating in capitalist countries. [More…]
It has also had to cope with the mismanagement of the economy in 1972 when the Liberal Government allowed the money supply to increase at an enormous rate- 17 per cent in the last 6 months of 1972 - because of its refusal to revalue the currency, a pigheaded refusal for which the Labor Government has had to pay in dealing with a more difficult economic situation than would have been the case had sensible measures been applied in 1972 by the previous government. [More…]
Over the years a much more lively and vibrant private enterprise sector of the economy has grown up. [More…]
The Opposition does not believe that we should make political capital out of the fact that the present Government is making a mess of the economy. [More…]
The present state of the economy is illustrated in another way, a curious way. [More…]
The vital catalytic elements that are needed in an economy to push living standards up are not in fact growing. [More…]
So for 3 reasons the economy is decreasing its production in an absolute sense. [More…]
Years ago accusations used to be made that Australia had a milk bar economy because it was being propped up by some public investment. [More…]
We do not have a milk bar economy; we have gone beyond that today. [More…]
We have an artificial ersatz coffee economy, and that will not secure constantly rising standards of living. [More…]
It was a Budget which decided that the expansionary elements in the economy were to be developed in the public authority sector, and were not to be developed in the private enterprise sector. [More…]
I do not argue with the expansive elements of the Budget but I do argue about the effects that the Government’s interventionist attitude with respect to the economy is having on the right of the people to have full employment without inflation and real rising standards of living. [More…]
I return to where I began: Full employment is an article of faith in the Australian economy, and it ought to be an article of faith. [More…]
The incredible thing is that this interventionist Government, this socialist Government, that has sought to intervene nearly everywhere else in the economy where it has a right to intervene and where it is foolish to intervene, refrains from taking action under this section in an area where I believe it has explicit and clear power to act. [More…]
The extraordinary rate of growth is a major factor in the present high level of inflation in the economy, and it was a situation that Labor inherited from its predecessors. [More…]
Altogether the Opposition leader appears to have about as little real understanding of the Australian economy today as he did when, as Liberal Treasurer, he got it so fouled up as to produce the worst unemployment for a decade together with a totally unnecessary recession . [More…]
Despite what has been said by the honourable member for Lilley (Mr Kevin Cairns), basically the economy is sound. [More…]
Let us talk about the degree to which the economy itself is running away with the very vitality of this nation. [More…]
With inflation the economy is being destroyed in such a way in any area- whether it be the building industry, home ownership or private investmentthat this country is in a worse position than it has been at any stage since the war and the blame lies entirely with this Government. [More…]
This Government has created the circumstance of uncertainty in economy. [More…]
But the reason that the present Acting Prime Minister is remaining in Australia is not because of the exaggerated, nonsensical excuse that he has given; it is because he is concerned about the state of the economy, and well he should be. [More…]
This Budget is ineffective, firstly, because it has destroyed confidence in the private economy. [More…]
Yet, he has denied the ability of every sector of the economy so to do. [More…]
I heard earlier today in the speeches from honourable gentlemen on the Government side criticism of any member of the Opposition who even suggested that there was an element of despair or gloom pervading the economy of Australia. [More…]
Firstly, we were told by the Treasurer that the Budget was only one part of the Government’s overall economic strategy to manage the economy. [More…]
In the 12 months which have passed since that 1973 Budget it is obvious that this Government has no strategy for managing the economy and it does not really regard inflation as a serious matter. [More…]
Rather the Government feeds off inflation and tinkers with the economy as each shift in prices, wages, unemployment or money supply occurs. [More…]
I do believe they give a damn about the state of the economy of their country. [More…]
Australia must recognise this quickly and adjust itself to the new world economic order, because Australia must find its place in the new world economy. [More…]
But Australia cannot find its place in the new world economy which is to come without clear headed economic thinking and unmistakable political leadership. [More…]
For the benefit of honourable members on the Government side, I draw upon the Labour Chancellor of the Exchequor of the United Kingdom, who recently referred to the twin evils of unemployment and inflation, for that is what they are; unemployment so degrading of human dignity, a waste of human resources and debilitating to the economy; inflation so destructive of the standard of living, rendering savings if not worthless then seriously depleted and setting despair amongst the community. [More…]
It is all very well for the Opposition to forget its past financial policies, particularly its exchange rate policies, but it is patently dishonest for the Opposition to criticise this Government’s anti-inflation policies when in fact this Government inherited a greatly over-heated economy from the Opposition. [More…]
The decision of oil producing countries to quadruple the price of oil has posed the greatest threat for over a generation to the economy and to the political stability of the industrialised nations. [More…]
Unless this money is put back into the economies from which it has been extracted in the form of consumer and capital expenditure, it must have a contractionary effect on the economy. [More…]
By promoting such views Australian farmer leaders are ignoring the inter-dependence of all sectors necessary for the development of a strong, vital Australian economy. [More…]
I believe that the Reserve Bank, were it not to be inhibited by this Government, would give that direct support- I have no precise reason for stating that- in its own common-sense judgment of what is appropriate for the economy. [More…]
Mark my words, it will be the yield that we will get from minerals export income which will offset the decline that may occur, through no fault of the rural interests, in those other sectors of our economy on which we have relied so heavily in the past for export income. [More…]
You are like your Prime Minister (Mr Whitlam) who in another of his brief visits to the country criticises the Leader of the Opposition (Mr Snedden) for what he has had to say on the economy. [More…]
The Tasmanian economy is in the worst state since the depression of the 1930s and no amount of rhetoric or bluster by the Minister can hide that fact. [More…]
It inherited an economy which was buoyant and healthy, with an inflation rate of less than 5 per cent, which was about the average that had occurred during the 23 years of Liberal-Country Party government. [More…]
Indeed, the national economy was in a position in which it could insulate the nation against problems that were emerging throughout the world. [More…]
Is it any wonder that the economy started to slide pretty heavily towards the end of 1973 and even more so as we moved into 1974? [More…]
We came back after the last elections to find the Government preoccupied with its socialist health Bills- we all know the problems they are creating within the medical and nursing professions- and obsessed with its electoral Bills because what the Government wants to do is get electorate redistributions through so that it can continue its havoc with the Australian economy somewhat less impaired than it is now. [More…]
If the economy continues to drift in the way it has for 20 months my view and my wish would be that the Opposition may well find it necessary to take more drastic action to force upon this Government the simple true facts of economic life. [More…]
We are told by those people who know everything that we inherited an economy that was the best that could be found probably in the world. [More…]
These are the kinds of trends in the economy that we inherited and we have set about trying to rectify them. [More…]
We have invited the States and private enterprise to join with us in co-operative effort to overcome these kinds of things that have upset the economy not only of this country but also of other countries. [More…]
These are some of the reasons why the Opposition was turned out of government and why the economy was not in quite the ship-shape order the previous speaker would have us believe. [More…]
These are some of the symptoms of the economy and the state of affairs that we inherited and why the people turned the previous Government out of office in 1972 and why they repeated their action in support of the Australian Labor Party Government in 1974. [More…]
They hear all the time grand words coming from the Government side of the chamber that the economy is in a very sound condition and that the Opposition is just drawing red herrings by talking about inflation, unemployment and so on. [More…]
We have moved from a thriving economy that was getting geared to fight inflation. [More…]
The state of the economy and the poor performance of the Ministry were the main planks of our platform for the election on 18 May but the Australian people were not then allowed to know the facts and they did not wake up to what was happening. [More…]
This would deflate the economy in the most drastic way. [More…]
In other words, the Leader of the Opposition is supporting a neutral Budget, one that has not been devised to contract the economy or to expand it. [More…]
Land speculation is the main symptom of inflation and the main running sore once inflationary symptoms are built into the economy. [More…]
Before I go on to talk about the Budget in general terms I want to make reference to the state of the economy and the manner in which it has affected the largest single industry in my Federal electorate of Griffith on the south side of Brisbane. [More…]
It has arisen because of the performance of the present Government and its irresponsible attitude to the economy. [More…]
-We have heard so many opinions from the Opposition during this debate about what shape our economy is in and what role this Budget, or any budget, should play in regulating the economy that I believe it is in order to put aside the humbug and look at the facts objectively. [More…]
The Budget sets the main economic strategy and additional measures, fiscal and monetary, are employed to adjust the economy through what is called ‘fine tuning’. [More…]
Major measures taken in the past month but which have yet to exert their influence on the economy include devaluation of the Australian dollar, reductions in the yields on shorter term Australian Government securities, reductions in the statutory reserve deposit ratios of the major trading banks and other steps to increase trading bank liquidity and reductions in the asset requirements of savings banks. [More…]
One of the greatest influences on the economy is confidence- confidence in the economy by the people and by business. [More…]
If business and public confidence is high then the economy is more likely to improve. [More…]
Australia’s economy is in good shape compared with that of our main trading partners. [More…]
He apparently wanted to use this table to back up his case that the Australian economy is in bad shape. [More…]
The honourable member for Wannon (Mr Malcolm Fraser) wants an injection of $6,000m into the economy. [More…]
It would rather an economy that produces 45 brands of hair spray - [More…]
For them the mixed economy is almost heresy. [More…]
They would rather an economy that produced 45 brands of hairspray and countless brands of cigarettes but snowed few signs of adequate transport or sewerage systems, which exhibited an abundance of deprived schools and overcrowded hospitals and boasted a poverty record that affected 20 per cent of the people. [More…]
They are world wide phenomena, but we are better off than most other countries where the economy - [More…]
Despite the Government’s wishes, our economy is based on personal initiative and corporate enterprise which have given Australia a standard of economic growth that is the envy of many nations. [More…]
Nations General Assembly, to transfer from the non-government sector of the economy- from the people- to the Government for its exclusive use the productive resources of the economy. [More…]
The Government has sown the seed for the complete collapse of the Australian economy from which it hopes and believes that a new socialist society can and will be born. [More…]
What has it done to encourage the industrial sector of the economy to have confidence in the future while the cloud of nationalisation hangs over it like the sword of Damocles? [More…]
What is to be gained by the people of Australia if the private sector of which they all form a part and which is the generator of the economy’s wealth- shared by all- is reduced to a state of despair? [More…]
In future years historians will look back in amazement at how a government could in a mere 20 months change an efficient economy and a very egalitarian society into such a shambles. [More…]
We have been told that this Budget is a reaffirmation of the Government’s determination to progress with its policies of social reform regardless of the cost to the economy and the very people which its policies are supposed to support. [More…]
The Government should realise that Australia is a mixed economy based upon the need for co-operation between government and private enterprise. [More…]
To achieve that we need Government assistance and guidance to enable the economy to maximise production and productivity. [More…]
They cannot now be expected to co-operate unless those who are elected to govern are brave enough to make it clear without equivocation that as a nation we can only solve our problems through co-operation and restraint- restraint at all levels of the economy and co-operation among all sections of the community. [More…]
Now under intensive pressure to reflate the economy to overcome the unemployment the Government, if it persists with its present policies of over-spending and excessive taxation, will be presiding over the birth of a further round of wage demands caused by an inevitably rising hyper-inflationary situation in the New Year. [More…]
Last night I attended the annual dinner of the Dapto Chamber of Commerce, which was addressed by Mr Russell Prowse, Assistant General Manager of the Bank of New South Wales, who made his point with outstanding clarity about the Australian economy and the inappropriateness of the Budget as a means of handling inflation. [More…]
Unless the economy of this country improves and unless confidence is restored in the business and private sectors of the economy Australia is doomed. [More…]
We have reduced the statutory reserve deposits of the Reserve Bank by $700m since April to try to stimulate liquidity in certain areas of the economy. [More…]
When people talk about seeking to bring back stability to our economy, is this the sort of nonsense that will encourage them? [More…]
The Minister for Social Security (Mr Hayden) said: ‘This Government is presiding over the destruction of the Australian economy’. [More…]
As for the future, I think the Australian currency in the long term will be more than comparable with that of any other currency and it would well behove the Opposition, instead of spreading panic and dissention and endeavouring in every possible way to denigrate the Australian economy to be loyal Australians for a change. [More…]
You obviously do not understand the trends that were occurring in the economy or the action that should have been taken by the Labor Government in 1973. [More…]
You obviously do not understand the trends that were occurring in the economy or the action that should have been taken by the Labor Government early in 1973. [More…]
The difficulties of capital mobilisation within this country Will of course, influence the capacity of enterprises in the private sector of the Papua New Guinean economy to raise their capital requirements from Australia on favourable terms. [More…]
The communist officials of these unions are betraying their members in the interests of destroying the Australian economy and producing here a kind of communist-socialist dictatorship. [More…]
Under the present monopoly situation MacRobertson Miller Airlines Ltd offers only one fare and TAA will offer first and economy class with the economy fares 20 per cent below current MMA fares. [More…]
With the economy tottering on the brink of a precipice it behoves the itinerant, travel-loving Ministers to be at home to preside over the cremation of the ship of State. [More…]
But it is certainly of the utmost importance to the country and its people that he spends more time addressing himself to the main problems that affect this country, and the major problem that affects this country today is our economy- the condition of stagflation which the Prime Minister in his own speeches has admitted to be the main problems facing his Government. [More…]
The average cost of housing rose by about 25 per cent a square- a direct reflection of the disastrously high inflation rate throughout the economy. [More…]
-On 24 September the honourable member for the Northern Territory (Mr Calder) directed a question to me concerning Commonwealth Railways freight rate increases in the Northern Territory and their effects on the economy of the Territory. [More…]
Steps are being taken to expand the Department’s capacity for long-run forecasting through the establishment of a manpower forecasting unit; this unit is being provided with ADP facilities which will enable it to undertake manpower forecasting based on longrun econometric models of the Australian economy. [More…]
-I agree that there is a serious deficiency in new investment in the Australian economy. [More…]
As I tried to suggest at the weekend, in what is described as a mixed economy, and the Australian economy is that - [More…]
I suggest that instead of attempting to score points in this House every time a particular index reacts unfavourably we ought to get down to examining the structural problems in the Australian economy. [More…]
Has the Government considered suspending this legislation for the time being as a means of providing increased liquidity in the economy? [More…]
The urgent need for a comprehensive series of economic initiatives to restore stability to the Australian economy. [More…]
-This discussion of a matter of public importance has been initiated by the Opposition to highlight the urgent need for a comprehensive series of economic initiatives to restore stability to the Australian economy, to indicate constructively the package of measures which the Opposition believes should be introduced as a matter of urgency, and to provide the Government with an opportunity to give a clear lead to the Australian people and to spell out in detail its policy intentions in ensuring the restoration of the stability of the Australian economy. [More…]
The Federal Government’s economic policies are collapsing around it as the economy lurches to worse inflation and worse unemployment. [More…]
What has become increasingly clear is that the Government simply does not know what is happening in the economy and that it has no longer the strength to hew any reasonably clear cut policy line. [More…]
Mr Cameron, the Minister for Labor and Immigration, has written publicly to the Treasurer demanding a change in the course of economic policy; Mr Hayden believes that the Government is presiding over the destruction of the Australian economy; Dr Cairns, the Deputy Prime Minister, thinks that the fault lies with the system; the Treasurer, Mr Crean has now identified some economic problems but hopes that they will simply go away; and the Prime Minister has not expressed any view at all. [More…]
We can guarantee that there will be a job somewhere in the economy. [More…]
I believe- if the honourable member who interjected would listen for a moment- that we, as Australians, simply have to face the unpalatable reality that the broad processes of social reform endorsed by all parties in this Parliament cannot proceed at a pace beyond our economy’s capacity to sustain them. [More…]
This is unprecedented, unwarranted and extraordinarily damaging to the Australian economy. [More…]
In a very real sense excessive taxation not simply fuels inflation, it strikes at the essential fabric of a free enterprise economy. [More…]
Capital investment is, of course, the basic building block of the economy. [More…]
There is evidence that the activities of these bodies are at present unco-ordinated and confusing in the Australian economy, thereby resulting in inefficient decision-making and indirectly in the loss of jobs without at the same time reducing inflationary pressures. [More…]
It seemed to me that he was indicating that he saw the economy at the moment as being in a state of declining activity and accelerating inflation. [More…]
What has to be acknowledged is that in any economy a sensible balance has to be struck between consumption on the one hand and investment on the other. [More…]
There has to be an acknowledgment that there is a role for both the private sector and the public sector in the economy, as I endeavoured to indicate in answer to a question this morning. [More…]
Approximately three-quarters of the money that is spent in the Australian economy is still spent in die private sector; only about one-quarter is spent in the public sector. [More…]
There are many more rigidities in an economy than some people are prepared to allow for. [More…]
We have taken a series of measures in recent times in the direction of injecting more credit into the economy. [More…]
It deals with the economy. [More…]
This reflects the working through in the economy of the principle of equal pay for equal work. [More…]
There are people in other sectors of the economy who obviously were not able to recoup their incomes fast enough to allow for the effects of inflation. [More…]
I suggest that the share of some wage earners- perhaps because they are in certain sorts of strategic sections in the economy where those who pay the wages are still capable of increasing the prices- rose faster and some prices rose faster than did the average. [More…]
I am saying that it is easier for some price groups to pass on prices and easier for some sections of the trade union movement to get higher wages than it is for other elements in the economy. [More…]
I instance the situation of Broken Hill Pty Co. Ltd. After all, nobody need underline the significance of that undertaking as a great and the only steel producing unit in the Australian economy. [More…]
In the mixed economy, as we have it, it is undoubtedly true that we will not get real growth- that is, an increase in per capita production- unless there is a significant increase in what is called fixed private capital investment. [More…]
But equally, I think, given the nature of the economy through which we work, there are lags in the application of policy between the taking of an initiative and getting the results. [More…]
During the course of the last 2 years we on this side of the House have sat patiently and have been prepared to listen to the analysis that has been presented by the Treasurer (Mr Crean) to try to restore something of the confidence that he and his colleagues have destroyed in the economy. [More…]
Perhaps this is one of the principal causes of what is happening in the management of the economy. [More…]
I think it is important to have a look at the general rundown of the economy and not just peculiarly to try to take economic points and suggest that things are bad and getting worse. [More…]
Many matters could have been introduced by the Opposition but the Treasurer has criticised us for again discussing the economy. [More…]
It is important that the Treasurer and his colleagues realise that we have an interest in the economy. [More…]
I think that the first thing we would hope in presenting this, the first on a general matter of public importance on the economy- following it as we must with a number of specifics in areas where we see things needing to be done- is that even at this belated hour we might be able to persuade the Government that there are alternate policies, philosophies and economic programs that can correct the rather grievous plight the community is now facing. [More…]
The inflation rate, on the multiplier of 21.6 per cent or on the 5.4 per cent in the current quarter, reflects the way in which the whole economy has run out of hand. [More…]
I think a rural producer would be very fortunate to stay a mere 7 per cent behind inflation rates the way he is faring in the economy at the moment. [More…]
If it wants to have its position restored it has not just to put forward adamantly the kinds of proposals which it thinks are right, rejecting the Government’s value judgments; it has to accept those value judgments and put forward policies which will enable us to make the best fist of running the economy, of restoring full employment and of restraining inflation within those bounds. [More…]
-During these Estimates debates there is not time to engage in a political controversy across the chamber, but one thing should be said- there is no particular courage on the part of a member of the Government to set up a stalking horse as to the cause of difficulty in the economy at present. [More…]
I have been appalled and offended by the alacrity with which a number of honourable members set up the Treasurer (Mr Crean) and the Department of the Treasury as the stalking horse in this respect, use them as the whipping boy and credit them as being responsible for all the faults in the Australian economy. [More…]
I do not want to go into the techniques of calculating it but I put the proposition that of its nature the consumer price index in a socialist economy becomes increasingly irrelevant as a reflection of real changes of costs to Australian homes and Australian households. [More…]
A socialist economy intervenes in the determination of those prices by a variety of measures and market price measures have become increasingly relevant to reflect real rates of inflation. [More…]
Therefore I make the principle-I think it can be substantiatedthat the consumer price index as a measure of inflation becomes increasingly irrelevant in an interventionist social economy and one ought to be aware of that situation. [More…]
I know he has had this in mind for some time but this factor is becoming increasingly important and we need to know where we are in an increasingly socialist economy. [More…]
The costs to householders in that part of the economy fail to be measured by the precise measures which are currently utilised. [More…]
I hope the Treasurer will look at them because the nature of the Australian economy today gives rise to a situation where people do not know precisely the areas in which they are travelling, do not know the path of costs which they are traversing and have had put upon them- if only they knew this- a consumer price index misleading error as to the costs which they have to meet in looking after Australian homes and Australian households. [More…]
It is the failure of this Government to face up to the situation which we see at present in the context of higher inflation, higher unemployment and a real crisis in capital mobilisation that has produced the current lack of confidence throughout the Australian economy. [More…]
These, of course, are very serious omissions and are made even more critical by the failure to release an official White Paper on the economy in 1974. [More…]
That is, it neither stimulated the economy to any marked degree nor was it designed to dampen down economic activity in any way. [More…]
With unemployment increasing sharply at the moment, we can well gauge the impact a short, sharp shock produced by strong increases in taxation and severe cuts in Government spending would have had on the economy. [More…]
This has shown once and for all that, whatever the merits of a tight monetary policy in cooling an overheated economy and dampening down boom conditions, it has no impact on curbing inflation. [More…]
If we had relaxed the credit squeeze in a selective way, particularly in the provision of credit for housing, after the elections on 18 May, I think the economy would be more stable than it is today. [More…]
By acting to ease the credit squeeze, by adhering to a firm level of Government spending, and by selective measures to stimulate economic activity, I have no doubt that the Government can steer the economy back to full employment. [More…]
In the 9 minutes I have left I want to refer to aspects relating to the Budget and the economy of this country. [More…]
In considering the position of the economy, the Government’s assurances and the attitudes of the Prime Minister, let me summarise them in this way: The present inflation rate in Australia is the highest in living memory. [More…]
They were astonished to learn that the Government in the present circumstances of world economies and the Australian economy should have embarked on a Budget which would increase Government expenditure by 32 per cent when Australia had an inflation rate of 20 per cent- 20 per cent in a country where the effect of world oil price rises has been minute. [More…]
It is not a matter only for industry; it is a matter concerning the growth of the economy of this country. [More…]
How much the economy grows will affect the standard of living of every person in Australia. [More…]
In this chamber this morning a matter of public importance relating to the economy was debated and the Prime Minister did not deign to be here. [More…]
History will record that at that time the economy was sound and we were firmly established on the threshold of tremendous development in the fields of manufacturing and oil and natural gas fields which would have kept the economy of our nation invigorated for many years. [More…]
We submit that it is necessary to gear our thinking to the need for a viable private sector economy. [More…]
We have become bogged down in a mud heap of red tape which has desecrated and destroyed the national economy. [More…]
It will be another murderous blow to and another savage assault on the private sector of the economy. [More…]
Certainly we have had a stampede of words, almost meaningless in their jumbled state, flowing across the centre of this chamber from the Opposition and have heard statistical manipulation ad nauseam, but we have not heard a single solitary idea on how this problem besetting the Australian economy might be tackled. [More…]
I put it to honourable gentlemen opposite and to those who control the media in Australia that, just as it is possible to pull a nation and a system of political economy out of a depression by convincing people that there is nothing to fear, it is equally possible to push an economy into a depression by convincing them that they have something to fear. [More…]
The Australian economy has problems, but there are problems throughout the Western democracies. [More…]
We will see the looks on the faces of the scare-mongers and prophets of doom next year as they stand in this Parliament and ask the Government to do something about the acute shortage of skilled labour and the excessive demand that is occurring once again in our economy. [More…]
That might well best come through reducing charges in a way which is specifically designed to reduce costs in the economy. [More…]
I do not intend to answer in detail the various speakers as the consideration of these estimates was used as an opportunity, I guess, for honourable members to air their views about the economy rather than to deal specifically with the estimates for the Treasury, which is what the debate is supposed to be about. [More…]
I think there are faults in the index and a great many faults in suggesting that whatever percentage of inflation that index reflects can necessarily be translated over the economy as a whole. [More…]
I may be repeating a cliche, but we have a small population and a large country so the costs that are involved in transport are very important to the general economy of the nation. [More…]
Both of them will be of great importance- the Tarcoola-Alice Springs line to the people of the Northern Territory and the northern part of South Australia and the Crystal Brook-Adelaide line to the general economy of South Australia in that it will link South Australia with the national railway grid. [More…]
He did it for the highest reason, which is simply that a nation and an economy exist to serve its people. [More…]
The second great advantage that the Liberals see in unemployment is that it restricts the flow of money that is available in the economy. [More…]
At the time Professor Hytten, their chief spokesman on the economy, was advocating a permanent pool of unemployed. [More…]
In looking at the fact that unemployment has increased, allowance must be made- I know the Opposition will not make allowance for it but if it was in any way fair and reasonable it would- for the increased difficulty of managing the economy today, with the greatly increased volatility of the world economy. [More…]
The fact is that this is a growing feature of every developed country in the world and, whether we like it or not, it is a factor of the general economic malaise of the market economy of the Western world at the moment. [More…]
We are battling valiantly to overcome the very significant forces operating in the world economy today. [More…]
Nevertheless it chose to incur some degree of unpopularity with various ex-service organisations and other people in order to try to contain the inflationary rate over the whole economy. [More…]
I think this increase was very necessary and I am amazed when I hear the philosophers, the economists, speaking about inflation and Government spending that they should consider that the priority in this field might be to reduce the amount of remuneration to these people in order to contain in some way the expansion of the economy and its inflationary trends. [More…]
It has stolen Opposition policy, as expressed in the booklet ‘The Way Ahead’, virtually in every area, including the economy and social welfare. [More…]
The problems of the new land farmers must be faced or by default the Federal Government will allow the vast resources of capital and human effort already invested in the development of these 2,000 or so farms to be lost to the Australian economy. [More…]
Falling returns from farming, together with the Government’s management of the economy, can be seen only as nails in the coffin of the dairy industry. [More…]
The point I have always made about this is that we live in an economy, the main forces of which are outside the direct or indirect control or influence of the Government. [More…]
This is an economy that fluctuates. [More…]
The main causes of that movement are in the economy itself. [More…]
Has Mr Hawke issued a statement that the Government would not be returned to office because it has lost the confidence of the Australian people and has he followed this up by issuing a public ultimatum to the Government to take action on the economy before next week? [More…]
This has stopped the flow of essential capital into the economy and prevented the re-structuring expansion which is necessary to take up a growing work force. [More…]
If this practice is widespread, let us all kill this lethal virus of avaricious profiteering now before it becomes a national epidemic which aggravates the sickness of inflation to such a degree that it could mean death to any hope of return to a healthy economy. [More…]
When the honourable member was pointing to all the problems we have in the economy today he reminded me of the situation in 1961 when the Government of the day introduced a lot of monetary pressures of the same sort as this Government is indulging in. [More…]
I propose to make some comments on the economy of” the country and to indicate more precisely certain specific groups of people who have been caught up in this economic calamity. [More…]
It is not just a reaction to the sad and sorry state of the economy of this nation. [More…]
Yes, that is true, but what the Government has not done and what has to be done is to relate the demand for housing not only in terms of the supply of land, labour and capital but also to examine in great detail what should be done with the available labour resources of the economy. [More…]
Again if the common law right cannot be abolished much of the economy of the scheme disappears and we must realise that. [More…]
With the economy tottering towards disaster it now seeks to place before the people of Australia a further burden which can only be described as one extravagant in its character and completely unjustified in its form. [More…]
If the well-being of the work force is neglected the economy soon will suffer injury and society itself thus has much to lose. [More…]
It has been pointed out in this place that there is some constitutional doubt as to the validity of this Bill and that if the High Court decides that the Bill does not abolish common law rights and clauses 92 and so on of the Bill are therefore invalid, very grave consequences will occur to the Australian economy. [More…]
Unfortunately the lounge chair lizard farmer from Eden Monaro indicated the Government’s mania to destroy the agriculture centre of our economy. [More…]
Additionally, costs have increased and these costs have been a deliberate instrument of the Labor Government’s policy to cut down the role of private enterprise in our economy. [More…]
Apart from the support that it will give to the wool industry itself, it will have very beneficial effects on the whole of the economy by increasing liquidity in general. [More…]
I think that that would be of benefit not only to the wool industry itself but also the long term health of the Australian economy. [More…]
We believe that the Government is totally irresponsible in managing the Australian economy. [More…]
It does not take very much nous to know that when there is an increase in the money supply in the economy without a subsequent increase in the amount of goods and services available we have a situation in which too much money is chasing too few goods and the result is inflation. [More…]
Of course, because of this great supply of money and the fact that building prices rose and people were unable to obtain goods, it was necessary for the benefit of the economy as a whole and ultimately, I believe, for the benefit of the building industry, to take certain action. [More…]
As the honourable member for Blaxland reminds me, $800m has been put into the economy, This Government will not be satisfied until it has reached a stage where it has proper planning of the building industry. [More…]
Now, that is the issue, not whether we built office blocks, not whether there was too much liquidity in the economy around 1973 when this Government had been in office for a year and had done nothing about it. [More…]
The Government acted decisively to ease the excess pressures on the economy prevalent during most of 1 973-74. [More…]
Believe you me, if that income were suddenly removed from this nation the whole economy of this great land of Australia would collapse. [More…]
The Government appears to forget that the north contributes more than handsomely to the national economy, and as such should be fostered and treated accordingly. [More…]
But no matter who has what say in which area, the Government should be bending over backwards to maintain the north’s contribution to the national economy and should be giving serious thought to further developments in that area to increase the north’s financial output and allowing the Department of Northern Development enough money to spend to do it on a big scale. [More…]
This Government’s hardhearted attitude towards the north which, as I have said, contributes largely to our economy, is to be condemned and it is high time the Government gave politics away and put its priorities in proper perspective for the benefit of the north and of Australia and allowed sufficient finance for this to be done. [More…]
Strain had been placed on the economy in terms of diversion of resources. [More…]
Some $186m has been provided in the estimates this year for this Department which controls the destiny of a very important segment of the Australian economy. [More…]
We hear a generalised reference today to the mess the economy is in. [More…]
While the nation is left in this state of uncertainty, the economy must suffer and so must the job opportunities of people suffer. [More…]
It is in Australia’s national interests that we assist the Japanese to maintain a stable economy and a reliable political system. [More…]
I speak to the estimates for the Department of Manufacturing Industry which is concerned with the problems and the interests of a sector of the economy which provides directly upwards of one-quarter of employment in the Australian economy, a higher proportion of the gross national product, and indirectly much more of the employment in this economy. [More…]
His colleague the Treasurer (Mr Crean) has argued that the problems of the Australian economy are largely psychological, but, this is arrant nonsence. [More…]
An amount of $50,000 will be provided for the evaluation of inventions to see whether they are worthwhile and have prospects of advancing our manufacturing techniques or of creating new products or new parts of products in our Australian economy. [More…]
All the people I have just mentioned have by various decisions and actions hit the foundation of Australia’s economy and history- the private enterprise sector. [More…]
The Opposition has every right to condemn us where condemnation is warranted but it does not have the right to extend this criticism across the entire Australian economy where large areas are still going well. [More…]
I agree with him that it is terrible for people to spit in the face of the Minister, but what the Labor Government does not realise is that today people are so incensed at the destruction which has taken place within our economy that they are using virtually every method to express their indignation. [More…]
This is most important for the well being of our economy. [More…]
The Department itself might well supplement its staff by reference to persons who, with the downturn in the economy, are now on the market and because of their age are not regarded as employable. [More…]
It is to no avail any of us turning a blind eye to the fact that the Australian Labor Party, either through inaction or simple inattention, has embarked upon a policy which in ultimate terms is destined to wreck the economy of this nation. [More…]
On the other hand, when this Government faced this situation it immediately appreciated the currency, which reduced the impact of the high foreign demand on the Australian economy and the inflow of the capital and thereby, as I said in answer to an earlier question, it probably had the effect of reducing prices by as much as 10 per cent in 1954. [More…]
I simply say to the Government- I do not want to get into the detail of a lot of the estimates- that if it wants to see the Department of Social Security make the sort of contribution that it ought to be able to make to the Australian community the Government should get the economy of this country soundly based. [More…]
The way for it to have a capacity to pay is to have the private sector of the economy doing well. [More…]
It is the private sector of the economy that generates the real wealth. [More…]
Therefore if one wants to have a social security program that is desirable, if one wants to have the money provided in the Estimates really producing results, one should seek to have full employment with a stable economy. [More…]
One should seek to have productivity so that people earn wages and pay taxes and companies do well and pay taxes, because in the end result unless the private sector of the economy is doing well one cannot have the social reforms we would all wish to see. [More…]
Real improvements in standards have to be achieved by a balanced economy. [More…]
Regrettably, the management of the Australian economy today is such that real improvement in living standards is not occurring and we will see a continual erosion until this Government accepts that hand in hand with social reforms goes the capacity to pay, and the capacity to pay is dependent upon the nation’s productivity, the nation’s capacity for full employment in a stable and growing economy. [More…]
If we had started at that point A and endeavoured to develop a scheme that was commensuate with changes in technology, commensurate with changes in the development of society and development in what is necessary in terms of cooperation, then at this point of time we would have a vastly different concept to give effect to a scheme that is absolutely necessary for the survivors of our work force if they are not going to degenerate into the situation that we see in other countries where the free market economy is allowed to run riot. [More…]
Probably they are no more important than in a society such as ours which continues to be a society based on what is basically, although not perfectly, a market economy. [More…]
Australia still has essentially a market economy in which the market is supposed to fix fair prices, to allocate resources, to determine investment and to determine levels of employment. [More…]
The absence of any planning in the Australian economy has led to the misallocation of resources, to inefficiences, to suffering and to disguised poverty, particularly in the rural sector. [More…]
Whilst everybody is prepared to ackowledge that government has a right and duty to intervene in the economy, there does not seem to be a universal acknowledgment of the need for government to intervene elsewhere. [More…]
However, there is no market in our economy for putting a price on clean air, for determining what the price is of maintaining fresh and abundant water supplies or for setting a price for ensuring that rivers remain unpolluted. [More…]
Until our economy takes into account the concept of the disamenity that accompanies development we shall continue to experience great problems. [More…]
Unfortunately, while people like Sir Charles Court maintain an influence in the economy of Australia the role of this Department and this Government will continue to be extremely important. [More…]
I would suggest to the Government that in view of the present state of the economy an attempt should be made to limit the cost of Government publications. [More…]
The Government is very conscious of the humanitarian problems of displaced people on Cyprus, and the damage that the recent fighting has caused to the economy of the island. [More…]
That this House requests the Government to urgently present a program to stimulate rural production and to restore confidence in the rural sector of the economy in Australia as a proper basis for any positive plan the Government may sponsor or support at the forthcoming World Food Conference organised by the United Nations Food and Agricultural Organisation in Rome during November. [More…]
Rural producers are disillusioned and distrustful and have lost complete faith in this Government and in their own prospects and indeed their ability to produce goods profitably under the Labor Party’s economy strategy. [More…]
That this House requests the Government to urgently present a program to stimulate rural production and to restore confidence in the rural sector of the economy in Australia as a proper basis for any positive plan the Government may sponsor or support at the forthcoming World Food Conference organised by the United Nations Food and Agriculture Organisation in Rome during November. [More…]
We have seen another attack today in regard to the domestic economy so far as the rural sector is concerned, but these bland attacks do not bear examination. [More…]
The eleventh objective is co-ordination with the private sector of the economy to build up industrial capability for defence procurement. [More…]
I asked Mr Fitzgerald orally to assess the contribution by the mineral industry to the national economy. [More…]
I ask: Will he be making a statement on the economy? [More…]
Why was the economy allowed to deteriorate to this point when the Department of Labor and Immigration has been estimating for months that unemployment would rise as much as it has. [More…]
Why was no action taken when the Minister for Social Security, Mr Hayden, warned that the Government was presiding over the destruction of the Australian economy? [More…]
For the last 7 or 8 years the Australian economy has maintained a steady rate of economic growth with rates of unemployment (1 to 11/4 per cent) which are the envy of many industrialised countries. [More…]
It will have an electrifying effect upon the economy. [More…]
It will cause great distress to members of the Opposition Parties because the thing that the Opposition wants least of all is an upswing in the economy; the thing that it wants least of all is an improvement in the employment position. [More…]
We have demonstrated during a long period that we know how to manage the economy, that we know the delicate balances that are required to give a free enterprise economy stimulus, to give it confidence and to give job opportunities to the people. [More…]
Instead it was quite happy to take this step because it thought that this was the way to curb private investment and the private sector of the economy. [More…]
The Government has taken steps to dampen down the private sector of the economy and to stimulate the public sector. [More…]
The humbug of members of the Opposition who claim that confidence is sagging, that we need to build confidence and that the Government should attempt to build confidence in the economy of Australia, is that at every opportunity they try to downgrade that confidence and to destroy it. [More…]
In the mixed economy in Australia, it still accounts for something like 75 per cent of total employment. [More…]
In a private enterprise economy, which this economy basically still is- I do not deny that- the majority of employment opportunities can be found only if there is expansion in the private sector. [More…]
That is the heart of the economy in Western industrialised societies. [More…]
It will walk to Canossa tonight on the matter of the economy. [More…]
Blind Freddie can see that increases of this magnitude at a time when there is a severe downturn in the economy will have serious repercussions within general aviation. [More…]
It may be that the Government is talking with 2 voices and really meant to cause unemployment in order to control the economy in the Labor way. [More…]
The Australian economy is beset by the twin problems of rapid inflation and rising unemployment. [More…]
The Government has decided therefore to provide a further demand stimulus to the economy. [More…]
What is needed is a stimulus to the economy which increases demand whilst at the same time abating cost pressures and enhancing private profitability. [More…]
The textiles industry is, of course, vitally important to the economy of a number of country areas and the Government has recently announced a scheme of special assistance, including the direct payment of subsidies, to firms which have been affected by certain Government decisions. [More…]
We are deeply aware that in a mixed economy such as ours the prosperity of the private sector is basic to the Government’s social objectives. [More…]
We recognise the interdependence of all sectors of the economy. [More…]
The Government will have to maintain its close surveillance of the economy and retain its flexibility for the months ahead. [More…]
We believe the new stimulus to the economy is appropriate to the problems we face. [More…]
We must be wary of the possible re-emergence of excess demand pressures within our economy. [More…]
The requirements of a mixed economy in a democratic society are never simple, never easy. [More…]
Australian Economy- Ministerial Statement, 12 November 1974. [More…]
While this legislation is only minor it can be welcomed as part of a goverment’s recantation and abandonment- its wide abandonment perhaps- of the principles which it has been trying to impose on the Australian economy for so long. [More…]
The wide-bodied jets which are foreshadowed in the second reading speech of the Minister for Transport (Mr Charles Jones) certainly bring considerable advantages in terms of economy and facility of operation. [More…]
Whether this has resulted through bad advice or its inability to comprehend the end result of its policies, the fact remains that all of the policies of this Government have had a detrimental effect on the textile industry and the economy of that industry. [More…]
It certainly is intolerable to have a Prime Minister refusing to answer any question at all about the economy and for Ministers to refuse to enter into any serious debate about it in the Parliament. [More…]
We have heard eloquent words this evening from my colleague the member for Paterson (Mr O’Keefe) and from the honourable member for Mackellar (Mr Wentworth) about the problems being experienced in the primary sector of our economy, and I also have drawn attention to this on several occasions. [More…]
Treasury: White Paper on the Economy (Question No. [More…]
Owing to the election in May brought on by the Opposition’s decision to refuse Supply, and the consequential late timing of the Budget, the normal mid-year survey of the economy by the Treasury was not prepared this year and the question of its publication does not therefore arise. [More…]
Any other material on the economy which I decide should be published- whether in my own name or the Treasury’s- will be made available to the honourable member. [More…]
To give him a respite from questions on the economy, this question relates to the western suburbs urban mirage. [More…]
I simply cite this as an example of how hazardous it is to try to make pronunciamentos now as to what the reality of the deficit is or is not in regard to the total economy. [More…]
I think it is about time that we became mature enough in terms of the Australian economy not to be too bamboozled by the loose quoting of hundreds of millions of dollars. [More…]
Whether a domestic deficit of $ 1,300m projected now is adequate or inadequate in terms of the totality of the economy, I do not think any of us can judge. [More…]
We need investments to get our economy going. [More…]
Rainfall is the major limitation to agricultural production in the area and supplementary irrigation would secure the efficient production of a large range of crops, thereby considerably enhancing the flexibility of the agricultural economy in the region. [More…]
The organisation of the Australian economy has been such that the waiting list for homes is now longer than ever. [More…]
But these are the people whose hopes would be dashed by this latest example of short-sighted economy and cheap politicking by those people opposite. [More…]
I think that it is also quite within reason to expect that if the public sector of the economy, through the Government, is going to contribute, as it has up to now, approximately only 6 per cent of the need the private sector must continue to fulfil a very real role in the future. [More…]
I am talking about a relationship which has to be changed in the future if, in fact, we are going to get ourselves on a sound footing between the Commonwealth and the State governments and if we are going to achieve any sort of rationale in a system which has completely changed because of the inflation that has been forced upon the economy by the absolutely irresponsible actions of the Government of which the honourable member for Wilmot (Mr Duthie) is part. [More…]
It is no wonder the Premier of Queensland described the Premiers’ Conference on 13 August 1974 as a complete waste of time because the Commonwealth did not have a plan and the Prime Minister, who admits he has neither interest nor expertise in economic matters said there was not a crisis in the economy. [More…]
I was not in the House last night when the Prime Minister (Mr Whitlam) made his speech on the economy. [More…]
Whatever may have been the position when the economy was buoyant, surely one cannot go about tariff slashing when the economy is in its present form- when there are no further jobs available for people who lose their jobs by the action of the Government. [More…]
It must be done only when the economy is buoyant. [More…]
This is the trouble: The Prime Minister and the Government have entirely miscalculated the economy. [More…]
This Government is incompetent and the measure of this Government’s incompetence is the amount of unemployment in the Australian economy and the loss of production from Australian industry. [More…]
They were promised a stable economy. [More…]
A plethora of advisers, of armchair strategists, was called in to fulfil the charter of advising the Government on ways and means of restructuring the economy and of reallocating resources. [More…]
Decision after decision was taken rushing the Australian people and the economy into confusion. [More…]
Like the honourable member for Batman, I refer to reports and comments in reaction to the Prime Minister’s statement on the economy. [More…]
That the Treasurer no longer possesses the confidence of the House because the Prime Minister has allowed his position to be eroded and his authority to be compromised at a time when Australia’s economy is in its most critical condition for generations, with record and rising unemployment and inflation, and a disastrous fall in housing construction, capital investment, and confidence. [More…]
What he has done is to allow him to stew and to carry all the shame and all the discredit for the mismanagement of the economy by this Government. [More…]
If there is an uplift in the economy and a downturn in unemployment, in other words if jobs start to become available, those people will be forced to move away from their homes in the country and go to the metropolitan areas to work, because it is very unlikely that the factories that this Government has successfully closed in country areas will ever be able to open again. [More…]
I was interested to see that in the aftermath of that speech the General Secretary of the Real Estate and Stock Institute of Victoria, Mr Evans, who surely should be aware of what goes on in the housing sector of the economy and who surely should take some elementary responsiblity for the activities of members of his Institute, claimed that the Institute had no evidence of the practices I had mentioned. [More…]
These increases have taken place directly as a result of the Government’s inability to manage the economy. [More…]
Is it not true that Australia has been insulated more than any other economy from the effects of the world energy crisis? [More…]
I am glad I am able to refer to the ‘Australian’ of 1 1 November which refers to the unbelievable change that has occurred in the Australian economy since the Labor Party assumed power and what a muck up Labor has made of it all. [More…]
But in that editorial leader that newspaper claimed that whilst the Government came into power at a time of prosperity, a time when all things were imaginable, with every conceivable advantage that a government could want- the preceding Liberal-Country Party Government had left it that way- it has made an intolerable muck of the economy. [More…]
According to the Treasury, there will be no growth whatsoever in productivity or in the economy other than as a result of the increase in the work force. [More…]
The Treasury, first produces a paper showing the demand and supply position within the economy whether there is excess or deficient demand. [More…]
Firstly, there can be no doubt that the statement made on 17 September-the so-called Budget itself- was based upon the policy of business bashing, of crushing down the private enterprise sector of the economy and inevitably creating greater inflationary pressures and greater unemployment. [More…]
Mr Butler relied on this when he over-stimulated the economy in 1955, to his own lasting damage. [More…]
Inflation or accelerating inflation, comes into the picture when governments go in for ‘reflationary’ fiscal or credit policies, of the kind which Mr Healey is planning for next week, in an attempt which can at best be only temporary, to mop up this unemployment by pushing more spending money into the economy. [More…]
Interestingly enough, even though a quorum was called the 3 principal architects of deprivation and dislocation- interesting words in a matter of public importance raised by a Government supporter because if any government should recognise its ability to deprive the average Australian of the possibility of work and improved standards of living and dislocate the Australian economy it is this Government- the Prime Minister (Mr Whitlam), the Minister for Overseas Trade (Dr J. F. Cairns) and the Treasurer (Mr Crean) did not bother to come into the chamber. [More…]
So, extraordinarily, we moved to the first Budget of 1974-the September Budgetin which expenditure was increased from $12,000m to $ 16,000m and the Treasurer was saying: ‘We are going to increase public expenditure because there is a slack in the private sector of the economy’. [More…]
What has the Labor Government done since it has proved itself completely unable to manage the economy? [More…]
Having now grasped the significance of private enterprise surely this Government can appreciate that if you wish to have substantial employment and a substantial economy, you must contain inflation. [More…]
The Government has ruined the economy, so at enormous expense it is trying now- I think not very successfully- to introduce regional employment development schemes, assistance schemes and national employment and training schemes. [More…]
It pointed out quite correctly that, in the interests of consistency and in the absence of acceptable measures of rates of increase in primary and secondary education costs, provision must be made for inflation, but no authority could be held responsible for the drastic effect of the Government’s policies upon our economy. [More…]
It ranked with one, the revaluation of the Australian dollar, second the credit squeeze and record high interest rates implemented on 9 September 1973, unparalleled in the severity of their impact from about April of this year, and third with the big spend up on government account outbidding the private sector for resources, or also with the abolition of the investment allowance and other measures, as a major body blow directed at the private sector of the Australian economy, at the confidence and activity in the private sector. [More…]
As to our high level of unemployment, it has resulted from the credit squeeze, the tight money situation and record high interest rate, as they have impacted on the building industry in particular and the private sector of the economy generally, also from the flood of imports stemming from the 25 per cent across the board tariff cut, plus the very large and unduly prolonged revaluation, and a variety of other measures on which I will not elaborate. [More…]
The Government I fear will find that this same confidence- this intangible but vital factor in the sound functioning and development of the economy- once it is struck down by the succession of body blows administered by this Government is, unhappily, not so easily restored. [More…]
But what is abundantly clear is that such tariff slashing can be successful carried out, if at all, only in a bouyant economy in which there is alternative employment for people who are displaced by the squeezing out under the Rattigan principle of what are described as inefficient industries. [More…]
Whilst this tariff slashing at times when the economy is buoyant is not something that I would have done- I know that many people would advocate this- the Government has tried to slash tariffs at a time when it was also applying a credit squeeze. [More…]
I can remember how a few years ago the then Opposition castigated us as the Government for what was called stop-go and was only a moderate acceleration or braking of the economy. [More…]
He is a destroyera hidden destroyer perhaps- but if we are to take at face value the things he said before he was a Minister, that man, if he was sincere when he became a Minister, would, under cover, without letting it be known what he was doing, have gone out to destroy the Australian economy and create the unemployment which would bring the revolutionary situation which he himself says he desired or said he desired- because those are his own words. [More…]
But I sometimes wonder whether, in that inner Cabinet, there may not be a voice which says it wants to end unemployment but really is out to create chaos for the Australian economy and the Australian people. [More…]
Another one is the fact that we are growing up, and that as a developed economy a greater percentage of our work force is employed in secondary industry than is employed in secondary industry in the United States of America. [More…]
I know the practical political realities of it all but I want to see a continuation of increasing economic responsibility in this place so that we can encourage the slow but certain progression of the economy towards a better use of our limited resources as set out in the LAC report. [More…]
Tonight the benches are empty because Labor is the wrecker of the economy. [More…]
The economy is now reaching a turning point in the level of real activity. [More…]
First, a $ 1,000m cut in personal income taxes; second, cuts in some indirect taxes aimed at directly reducing some prices; third, a reduction in the Government spending increase announced in the Budget from 33 per cent to 25 per cent; fourth an instruction to the Reserve Bank to ease monetary policy, to inject adequate liquidity into the economy and cash flow for business, which will establish the conditions for a fall in interest rates; fifth, a decision publicly stated setting out the future course of monetary policy; sixth, abolition of the variable deposit requirement and an end to the prohibition on short-term capital flows; seventh, a flexible exchange rate with the development of a foreign exchange market; eighth, investment incentives to restore business investment in new plant and equipment in manufacturing, tertiary industries, mineral industries and the rural industries; ninth, a complete review of the activities of the various Government bodies regulating business, including the Prices Justification Tribunal, the Industries Assistance Commission, the Trade Practices Commission, the Arbitration Commission, the Parliamentary Prices Committee and the Committee on foreign takeovers; tenth, restoration of the authority of the Arbitration Commission and a more responsible approach to wage claims generally across the whole labour market. [More…]
In the first 3 quarters of 1973, the Government allowed the money supply to grow at an annual rate of between 20 per cent and 30 per cent at a time when the economy was fully employed. [More…]
Banks have been asked to expand their rate of lending to meet the basic immediate needs of the economy. [More…]
This is what is necessary to put liquidity into the economy. [More…]
In the interests of training efficiency and economy it is not feasible to travel to distant areas when suitable terrain to which approved access may be granted is closer and particularly suited for a required phase of training. [More…]
For the very first time in 25 years we have a government that has a positive policy on wages, a policy which, if adopted by the Arbitration Commission, will bring about the stability in the economy that the whole of the Australian people are craving. [More…]
This is a mixed economy and we therefore want to make it as efficient and as just as we can. [More…]
Despite a great deal of continued obstruction by the Senate, the Government has been able to pass quite a number of Bills which have made Australia’s mixed economy a more just economy than it was when my Party came into office. [More…]
It is significant that the Leader of the Opposition last night in his speech on the economy did not mention housing. [More…]
I notice that the apostles of gloom for the economy are already trying to forecast what the December consumer price index will reflect. [More…]
I do not think that any service is rendered to an economy by trying to suggest an exaggerated picture as to the rate of inflation. [More…]
It is a fact that no economic measures that any Australian Government takes or probably that any government anywhere takes in an economy like ours can have an immediate or an early effect. [More…]
There is no other mixed economy, there is no other industrialised country which has a greater percentage of its economy dependent upon trade than is the case with Australia. [More…]
If one takes the whole of what Mr Hawke said and the whole of what I said, I believe that there are good grounds for thinking that by the middle of next year there will be a marked improvement in these 2 problems which beset the Australian economy and society. [More…]
We will then have the capacity to say to the Reserve Bank of Australia: “Go out into the market place and buy, buy, buy bonds so that you put money back into the economy and you reduce the yield and bring down interest rates. [More…]
I want to make it clear that we are committed to growing efficient manufacturing industry but we first need to get the economy right. [More…]
There has been a very sharp rise in imports; profits are being squeezed by rising wages and costs, and by the activities of the Prices Justification Tribunal; interest rates are very high, and finance is hard to get; domestic and export demand have slackened; and unchecked inflation is eating the heart out of the economy. [More…]
We have the Deputy Prime Minister, the erstwhile foe of foreign investment, the champion of Australia for Australians, now running around the world, cap in hand, pleading- crawling- for foreign money to try to get the Australian economy out of the mess this Government has got itself into. [More…]
The total collapse of the beef industry would pose a grave economic crisis not only for the rural sector of the national economy but also for the total national economy. [More…]
The shortcomings of this proposal, as opposed to the Reserve Bank avenue of finance, are the high interest rates that would be faced and the fact that the availability of finance from the trading banks and the brokers is severely restricted because of the rising indebtedness of the rural sector caused by the general decline in commodity prices over a wide spectrum of the rural economy. [More…]
In view of the Prime Minister’s stated concern to boost the private sector of the economy, does this put paid to the Treasurer’s now well quoted strategy in his Budget Speech last September, part of which I now quote: [More…]
The Treasurer and I believed that more assistance would be given to the economy by an overall reduction in company tax than by a deferment of the quarterly instalments of company tax. [More…]
There has been a general downturn in the economy affecting general aviation very seriously. [More…]
Such a policy is not inconsistent with the requirements of sound domestic management of the economy. [More…]
So conditions in Australia, the allocation of resources, the barriers behind which this economy can grow or develop, are man-made; they are not accidental. [More…]
If this can be done I think we would again have gone a long way towards solving the problems that we face in this economy, of which tax avoidance and the movement of funds is only a part. [More…]
We should be looking at the question of the total role of taxation in the economy- what importance it has to revenue, what effects it has both socially and economically on people- and seeing in what ways the total Australian tax structure and tax legislation can be revised and a situation developed whereby we are operating under a total impact policy. [More…]
This extends, of course, right throughout the economy because as soon as we start getting involved in taxation we will become involved in supply and demand, company profits, personal earnings, expenditure, consumer price indexes, inflation and, of course, unemployment. [More…]
If we are not prepared to give people the ground rules under which they are operating and under which they can expect to operate for a significant period of time, we cannot expect the economy to be prepared to function on any sort of logical basis or on any sort of long-term basis. [More…]
If we can say to people: ‘You can operate with a fair degree of confidence on these guidelines for the next four or five years’, that is going to make people content; that is going to allow people to make investment decisions, and so many other decisions, which will affect the livelihood of this country and the future of the economy. [More…]
This in turn will have run through effects on the whole economy, because it will have an effect on employment and unemployment. [More…]
Let us say: ‘We have done that and we are going to do this next, in the context of a total overall philosophy which we are prepared to lay down for the Australian economy’. [More…]
In this country we can play a very substantial part providing it has the assistance of the Government that is in office and providing that we have a reasonably sound economy. [More…]
This shows up the fallacy of the argument of the Prime Minister (Mr Whitlam) that he cannot get co-operation from the Queensland Government when it comes to projects which are necessary to improve the economy of Queensland. [More…]
I must admit that I am wondering whether, if there had not been an election in Queensland soon, these Bills would have been given precedence over all the hotchpotch of proposed legislation which has flown out of the Labor Government’s maladministration of the Australian economy. [More…]
It inherited a very healthy economy, including substantial overseas credits. [More…]
This irrigation project is just as significant to the Australian economy as it is to the Queensland economy because it is in a vast cane growing area. [More…]
Sugar is significant not only to the world economy but also to the Queensland and Australian economy. [More…]
The Government ought to realise and all Australians ought to realise that the reason for the introduction of this Bill is the substantial rate of inflation within the Australian economy. [More…]
This additional finance would not have been needed if the Labor Government had been able to manage the economy. [More…]
It came to office in December 1 972 with a rate of inflation of about 5 per cent in the Australian economy. [More…]
If the Labor Party had somebody with the capacity to administer the economy of Australiasuch as Sir Gordon Chalk has administered the economy of Queensland- the Government would not have to be changing its mind about economic policies. [More…]
If they do so, they will see effective management of an economy, which is another lesson the Labor Government could learn. [More…]
After 2 years in office the Labor Party Government has grasped- only in the last couple of weeks- the significance of the fact that if it wants to have social reform the private sector of the economy has to be doing well. [More…]
Surely to goodness this Government has learnt its lesson with the state of the nation as it is, the economy in a shocking position, inflation running at 25 to 30 per cent and unemployment at 190,000. [More…]
This action alone showed that the Government simply does not understand the functioning of the economy. [More…]
The economy will not prosper until there is in power a government which does understand this most vital part of our economy. [More…]
Will the Government continue the income maintenance scheme until at least June 1975 in order that the effects of certain restrictive actions on imports recently announced by the Government can be assessed and also in order that the general economy of many country towns in particular will be maintained for the Christmas period and the ensuing 6 months? [More…]
This is a dangerous and irresponsible approach by a Minister who is to have the primary responsibility for the Australian economy within a period of some 3 weeks. [More…]
The 1972 Treasury White Paper on the economy concluded that external factors had some impact but that much the greater part of inflation is derived from domestic influences. [More…]
Inflation in Australia has increased during the past 12 months at a rate well in excess of that of every comparable world economy in relation to its long term average. [More…]
These are 2 major problems which are bedevilling the economy and this Government at the present time. [More…]
We are debating an alternative view of the Australian economy at the moment. [More…]
Today, in 1 974, if there is any outstanding feature of the world economy, it is interdependence and interrelationship. [More…]
Today we are part of a world economy and when something happens on the other side of the earth, particularly in a nation like the United States, it is not long before it is transferred round the world. [More…]
That tremendous amount of money was pumped into the Australian economy and hardly any of it was neutralised. [More…]
Every cent of it was allowed to come in here and push the economy into an inflationary phase. [More…]
He will see that Paul Samuelson who is probably the most influential economist in the United States of America says that it is necessary to restrain the economy, it is necessary to have a credit squeeze and it is necessary that interest rates be higher. [More…]
Don’t listen to your advisers who claim that bringing unemployment up to 6 per cent and holding it there for a couple of years will restore the economy . [More…]
Our economy is quite different to those of most of the countries with which we are being compared. [More…]
I put it to the House that the Deputy Leader of the Opposition made it quite clear in the course of the debate, when he quoted a range of statements made by the Deputy Prime Minister, that had he reflected on the speech that had been written for him and understood it instead of merely reading it, then he would have realised that a substantial content of that speech was based on quotations from the Deputy Prime Minister which reflected an understanding of the comprehensive range of forces which are at work in any economy, whether it is a stable or a destabilised one, and whether it is an economy that is or is not suffering from inflation and any other attendant problem that can come with economic management. [More…]
Thank goodness at least the honourable member for Curtin (Mr Garland) had the decency and the intellectual self-respect to acknowledge that external forces can affect the performance of a domestic economy. [More…]
They are, he said, among many forces that can affect the economy. [More…]
But 1 do not want to waste any more time on that point, except to restate for the record that it is foolish to a dangerous degree for speakers like the Deputy Leader of the Opposition to stand up in this House and take one small sector of the economy and try to dissect that and to assert that that alone is the sole issue that has to be discussed. [More…]
Anyone who tries to imply that, ignoring totally the forces that work internationally and which press in on this economy or any other domestic economy, proves that he is illiterate in economic matters. [More…]
Let us quickly look at the international situation with regard to Australia and at how substantially influential it is or is not on our domestic economy. [More…]
So the immediate impression is that what is happening in overseas countries will have a fairly powerful influence on how the economy of this country performs. [More…]
Similarly, if a situation arises where exceedingly high prices are paid for our exports, and in conjunction with this a very high proportion of our goods are being exported but we are not importing a commensurate quantity of goods from other countries, then we get a very destabilising influence on our domestic economy. [More…]
The problem with the Deputy Leader of the Opposition is that he believes that if a person who has a large amount of money in his savings bank account can therefore be said to be in an economically sound position, a large accumulation of reserves in the nation’s overseas accounts must be healthy for the national economy. [More…]
All that meant, at that level of over $4,000m, was that money had been pumped into the Australian economy without an equivalent volume of goods and services and it accordingly swelled to a very unhealthy degree the money supply within the country. [More…]
Let us look quickly at the international situation and how it impinged on the Australian economy. [More…]
This is another reason why there were destabilising forces in the Australian economy. [More…]
Because we are so heavily involved in the international trade economy, what happens to our trading partners in their trade between each other and in their association with the oil supplying countries also filters into this country. [More…]
The oil crisis had been one of the most destabilising, if not in the longer term devastating, economic effects that has hit the world economy. [More…]
In fact, the sharp increase in energy prices is undoubtedly the most severe shock that the world economy has experienced since the Second World War. [More…]
That alone has an extremely destabilising influence on the world economy. [More…]
The deterioration in the economy over the last 2 years can be exemplified very easily by pointing to unemployment. [More…]
There is no confidence in the economy or the Government’s ability to manage it. [More…]
That is the major point that the person in the street identifies, the total incapacity of the Labor Party to manage the economy. [More…]
The Government still has no coherent policy as to how it will manage the economy and the way in which future policy will turn out. [More…]
I think that the Australian people are getting fed up with the idea that the Labor Party should be constantly looking for scapegoats that it can blame for the faults in the economy. [More…]
There has been a deterioration of the economy worse than that in any other comparable country. [More…]
But Dr Cairns knows no more about how to run the economy than Mr Crean knew before him. [More…]
The Minister for Social Security (Mr Hayden) was the great favourite to become the new Treasurer until he got up in the Caucus and honestly said: ‘We are supervising the destruction of the Australian economy’. [More…]
But the whole point of it, fed out of the Prime Minister’s office, is that he had been so clever that in April he had seen the downturn in the economy. [More…]
Yet the Prime Minster is not even prepared to come into the House and talk on a motion expressing a want of confidence in the Government’s management of the economy. [More…]
How can the Parliament have confidence in the Government when there is a charge that the national economy has been brought to this uneasy position because of the Treasurer, a Treasurer who still remains in office? [More…]
This Government has lost control of itself and of the economy. [More…]
The Prime Minister must have been the only person in Australia who did not know how quickly the economy was running down and the serious situation into which we were getting. [More…]
We cannot have sound economic management while a socialist Government, led by a dedicated socialist revolutionary, bashes the productive sector of the economy, penalises those who save, and attacks those who invest in private enterprise. [More…]
We cannot, in the name of common humanity, allow to remain in charge of the economy this Government which is causing such massive unemployment, the most dehumanising of all human conditions in a country that normally has offered the best living conditions and the best employment opportunities of any country. [More…]
He will spend most of his time overseas jaunting around while the economy gets into a worse and worse situation. [More…]
This was followed by a financial policy under the control of the previous Government that allowed that increased inflow of funds from overseas to have full impact upon the Australian economy. [More…]
Inflation is something that operates in an economy in the course of one year and emerges in full force as time passes. [More…]
In an economy of the kind that we have, when a government is dealing with inflation there are only limited powers and means with which such a government can operate. [More…]
If we had not begun the reflation of this economy three or four months ago, unemployment would have been considerably higher than it is now. [More…]
We have begun earlier than any other country to get the economy back onto its feet and to eliminate unemployment. [More…]
This is essentially a good principle and without the application of this principle any government would find that it would be in a position in which it would not in any way be able to receive or expect the co-operation of workers or unions in any policy directed at the stability of the economy. [More…]
In every section of the economy, wherever one looks at it, the Government has taken steps to regulate the inflationary situation without causing a recession, has taken steps to pick up the unemployment situation so that the level of unemployed does not become too great, and has taken steps everywhere to see that, whatever the consequences of that are, they are fairly and evenly distributed throughout the Australian community. [More…]
This Government has consistently attacked the concept of profits and in so doing it has substantially weakened the private sector of the Australian economy. [More…]
This will add to the inflationary pressures in the economy. [More…]
However, the measures also have a further beneficial effect at this time and that is the stimulus to the economy that will flow from them. [More…]
By putting up to $ 1,200m in the hands of taxpayers at this time and by making the full year benefit applicable to pay-as-you-earn deductions in the last 6 months of this financial year, the Government is providing a substantial and quick acting stimulus to the economy. [More…]
With unemployment increasing at the frightening rate that we have experienced in the past few months, some such measure as this to increase demand and to restore some confidence to the economy was undoubtedly necessary. [More…]
The net result of such a policy however would be to give the economy no stimulus at all. [More…]
By matching what we give the taxpayers on the one hand and a reduction in Government expenditure on the other, we would, through the balanced budget multiplier effect, provide less stimulus to the economy than was the case before the tax cuts took place. [More…]
These things are basic to a sound economy. [More…]
In fact, in many ways, they are the most important of all the principles in this field because unless they are adhered to we cannot have a stable economy and we cannot have a full employment economy, and that ought to still remain the Government’s primary object. [More…]
It is not as though there have been any striking international events- although I believe that international events play a part, but only a part, in our Budget and in the Australian economy. [More…]
The matters raised by the honourable member for Lilley are important to the national economy. [More…]
We all know that the private sectorthe income surplus producing sector- of the economy does need encouragement, does need to believe that it has got prospects of good returns on its capital, if it is to employ people and if it is to invest. [More…]
This legislation is nothing more than a manoeuvre or a charade, in fact a veneer, to cover up the real deficiencies of the Government’s handling of the economy. [More…]
Let us make it clear to the public outside, to the community, that really what we are getting today is an overdose of politics and too little consistency in terms of acknowledgement of the economy and what is required to handle the economy. [More…]
The proposed scheme was announced by the Prime Minister (Mr Whitlam) in his statement on the economy in the House on 12 November 1974. [More…]
If we had a really forward thinking government, a government which realised the seriousness of the mess which it has created, a government which had some sense of the shame at what it has done to the Australian economy, that government, would surely be thinking of going to the States and putting to them a positive plan, saying: ‘If you will cut back your electricity costs and your rail freights, if you will cut back your rail fares and your suburban transport fares so as to cut real costs, we as the Federal Parliament will give you the necessary subsidies’. [More…]
One matter discussed in the Commission ‘s annual report was the relationship between the long term objectives of industry policy, which will require some structural changes within Australian industry, and the effects of cyclical fluctuations on the economy’s capacity to sustain structural change (paragraphs 138 to 144). [More…]
In particular, it drew attention to the fact that there will be certain times when the economy can more readily accommodate desirable structural changes. [More…]
The economy is at present slack and unemployment high, by Australian standards. [More…]
Three factors influence the extent of structural change that is possible at any time: the general level of activity in the economy; the general mobility of the community’s resources; the availability of assistance to enable industries and individuals to adjust to change. [More…]
The Commission believes that, in this situation, its recommendations should not add to the unemployment already evident in the economy. [More…]
One effect of this approach will be to separate short run considerations, arising from cyclical fluctuations in the economy, from the long run objectives of industry development policy. [More…]
It will also remove pressures which may otherwise develop to settle questions of long term assistance in response to the pressures arising from short term changes in the economy. [More…]
Dear Mr Rattigan, 1 refer to your letter of 1 8 November 1 974 about the relationship of cyclical fluctuations in the economy to longer term industrial policies involving structural change. [More…]
I understood from the approach to high cost industries outlined in the Commission’s Annual Report for 1973-74 that the Commission would relate its recommendations to the economy’s capacity to sustain the changes involved, but I welcome your reassurance that this is to be the case. [More…]
Provision is included in the Bill to require a judicial manager, appointed by the Court, to conduct the affairs of the fund with the greatest economy consistent with efficiency and to report to the Court, as soon as possible, as to the course of action to be taken in relation to the fund. [More…]
However, where the Government judges it necessary to facilitate a structural change arising from a decision in the broad national interest, but beyond the normal adaptive capacity of the economy, there is another reason for providing assistance to changes of this sort, and one that is particularly important to this Government. [More…]
The Australian economy has never been in such tatters since the depression. [More…]
The export incentive scheme provided for under this Bill gives clear evidence of the Government’s constructive approach to export policy balanced with its objectives and priorities for the economy as a whole. [More…]
As well, we will examine means of assisting farmers in the lower profit dairying regions and so allow them to improve the economy of their operations. [More…]
This is an important sector of the Australian economy. [More…]
The Government should consider the gigantic shock-waves already spreading throughout the economy following its attack on the building industry. [More…]
Traditionally a situation in which people make deals and propositions for their own homes- the greatest debt that most people will ever undertake in their lives- has always existed in a general market economy. [More…]
It is a tragedy that usurious interest rates- the highest interest rates ever recorded- destroy the facts of a market economy in this area. [More…]
No matter what initiatives are followed in housing, no matter what new schemes are proposed, unless there is a reasonable balance in the economy the situation cannot be rectified. [More…]
When this Government came to power there were indications of an overheating in the economy and for the first 12 months of its administration it did nothing to control that overheating. [More…]
For this fundamental reason, regardless of the amount of money which is now suddenly being injected into the economy ostensibly for the construction of houses, it is unlikely there will be a significant increase in public sector or private sector housing within the next 12 months. [More…]
Because of its position as a leading indicator in the general business cycle it has far reaching ramifications throughout the entire economy. [More…]
But we cannot forever go on using the housing industry as a means for total control of the economy in times of overheating. [More…]
It is in times like these- with a run down of the entire industry, when labour has to go to other sectors of the economy and when supplies are building up in warehouses, whereas a few months ago they did not even exist- that is an example of the chaos which has been developed in the industry, especially in the last 6 months due to the present Government. [More…]
The wool industry, of course, is closely related to the whole of the economy. [More…]
It is not just an island in the whole sea of the economy but is closely interrelated with the whole community and therefore it is important that it be successful. [More…]
-This Bill, dealing with the Australian wool industry, is of very great importance to the Australian economy and to primary industry in particular because the wool industry is still Australia’s greatest industry. [More…]
So, this legislation has great significance for a large proportion of the Australian economy. [More…]
It is about time we all grew up and realised that we are all members of one economy. [More…]
I refer to the remarks of my colleague, the honourable member for New England (Mr Sinclair) earlier tonight in this debate when he drew attention to the essential inter-dependence of the Australian economy. [More…]
I say to trade unionists who naturally are worried by the very great increase in inflation and unemployment in Australia that this is largely due to the fact that Australia, as a great trading country, a great industrial country and a country with a mixed economy, inevitably is afflicted with the same problems as all similar countries. [More…]
But inflation since then has become much worse in every country with a comparable economy or similar society to ours. [More…]
Equality of opportunity and quality in provision spring from a sound economy. [More…]
The Minister for Labor and Immigration started by saying March but when the recent survey of manufacturing prospects was put out by the Department of Manufacturing Industry and when a forward look is taken at what is happening in the economy, one finds that it is most unlikely that there will be any change in present trends in March, April, May or June. [More…]
The only solution that the honourable member for Wannon has mentioned for curing unemployment is that we should increase and expand the economy so that private enterprise will be able to employ more people. [More…]
That is the prime reason for the downturn of the economy in the Western countries and it is because there has been this downturn in the economy of the Western countries with whom we have to do business that our economy has been adversely affected. [More…]
This was the third minute in which the Department was warning the Minister for Labour and National Service about the economic consequences of the Budget- that the economy was growing more slowly than productive capacity which was partly due to the January 1971 decision to cut back in Government spending and partly because of the ‘psychological war’ against inflation by the previous Prime Minister and partly because of the continued tight monetary policy. [More…]
We argued, therefore, in our minute that unless the Budget provided a sizeable stimulus to the economy it would lead to an increase in unemployment. [More…]
In an almost Sunday morning sermon he blamed overseas conditions for the state of the economy in Australia. [More…]
It is clear that the private sector will not be able to expand- and thus the economy will not be able to survive- without substantial investment funds. [More…]
But we have to see the implementation of that policy in the context of the economy. [More…]
He can conduct the affairs of the fund with the greatest economy consistent with efficiency. [More…]
This is the case with the honourable member for Hotham when he is dealing with the subject of national health, the honourable member for Moreton when he is dealing with education and the Leader of the Opposition when he is dealing with the economy. [More…]
I am convinced and confident that Australia will have a bright economy next year, that by April or May there will be a completely different complexion on this economy. [More…]
The Australian Government has a responsibility to ensure that the primary industry sector of our economy does have the necessary incentive and the necessary willingness to expand production so that we can offer to play our part in this crisis. [More…]
Last year, however, the Women ‘s Bureau of my Department undertook a major survey of women’s employment, on behalf of the Organisation for Economic Co-operation and Development, on ‘The role of women in the economy’. [More…]
It is sometimes said that at this time, because of other problems in the economy, there is difficulty in disposing of the goods being produced, but surely that should not continue because, as the market stabilises, the goods should be disposed of. [More…]
We have a situation where the major State of Australia which makes the greatest contribution to Australia’s economy will have the worst possible impost placed upon it. [More…]
Unless we can maintain a rate of income increase right across the board and for every section that it is possible for the economy to handle and possible for different sections of industry to handle, we will not regulate inflation. [More…]
They also have to compete with countries which have large populations which already produce through an economy of scale which makes the goods easier and less costly to produce. [More…]
In fact, the Government should be promoting exports on a major basis at this time as a means of maintaining a viable and vital private sector in the economy. [More…]
In other words, all export is good for Australia, and it is detrimental to our economy for there to be provisions in this Bill which discriminate against large companies. [More…]
This, I believe, will reflect adversely on the Australian economy. [More…]
A scheme of this sort- the remarks made by the 2 Opposition speakers related to the old scheme- has to be related to the general state of the economy. [More…]
It carries the headline ‘A sick economy’. [More…]
In talking of the economy a day or two ago Professor Downing said: [More…]
Is the Labor Government impacting this additional cost on the people who cannot afford to pay it at a time of raging inflation which is crippling the economy and crippling the poor? [More…]
Apart from the effects that such action will have on the economy, it will have a much more serious impact on something which is even more important than the nation’s economy. [More…]
It has absolutely no regard for a balanced economy. [More…]
It could be put this way: The doctrinaire pursuit of the efficiency criterion will blunt- it is already doing so in this country- the growth performance of the economy. [More…]
At the outset, I should say that this Bill has been made necessary by the maladministration of the economy by the present Government. [More…]
There would be no need whatsoever for Bills of this nature to be presented to this House if the Government had acted wisely and had managed the economy efficiently. [More…]
This Government has made no real attack on inflation which is eating out the heart of our economy. [More…]
I have tried to draw attention to these things to indicate that had our economy been properly managed in the first instance, assistance by the Government in the manufacturing field would not have been necessary. [More…]
If the Australian economy were much larger, the economic climate-setting approach previously referred to could well be the appropriate policy for the Government. [More…]
Mr Deputy Speaker, this legislation will no doubt be of assistance to industry, but it would not have been necessary if the economy of this country had been properly managed in the first instance. [More…]
-This is a Bill which has been brought down only because of the problems to be found in the Australian economy at the moment. [More…]
Indeed he will need them, because this is a sample of the decisions that he is going to make unaided, with a legal background that no doubt gives him a fine flow of words and a good mind; but he has got to tackle probems that lie right at the heart of the Australian economy. [More…]
Our measures to strengthen and invigorate the economy are continuing. [More…]
Yesterday’s official statistics for the quarterly estimates of national income provide a glimpse of an economy in an utter mess. [More…]
The price Australia is paying for this restructuring of the nation ‘s economy is proving unconscionably high. [More…]
We know that this is one of the fundamental problems which our economy has to face. [More…]
One of the great dangers in tariff protection is that you encourage companies to lean on one another, to lean on the economy as a whole. [More…]
First, the CPI measures the degree of change over time in prices for a selected group of goods and services which represent the consumption patterns within the economy. [More…]
In one of the most scathing editorials that has ever been written about any government that newspaper condemned the Government to the ultimate for its utter mismanagement and a very serious situation that the economy is getting itself into. [More…]
The only way that the economy can get itself out of the present situation is by sensible management in conjunction with an increase in the rate of development and investment to bring about the development. [More…]
Anyone who has had to put up with the situation which the Australian economy has had to suffer for the last 2 years must appreciate that the AIDC must also suffer like the rest of the community. [More…]
The Australian economy can recover only if there is a substantial increase in net capital equipment investment and net capital inflow. [More…]
This Government, in its last 2 years in office, had a specific intention to limit and destroy overseas investment in the Australian economy. [More…]
What is important is that we must get overseas capital back into productive enterprises- back into the private enterprise sector of the Australian economy. [More…]
Certainly, as the House would be aware, my electorate has made and is still making a great contribution to the economy of the State and also to Australia as a whole. [More…]
I welcome this measure as yet another example of the Government’s determination to assist in a practical and tangible fashion an industry that still has a very great contribution to make to the economy not only of Tasmania but of Australia as a whole. [More…]
I guess that all of us who have been in this chamber for some time have known him in that role, be it in Opposition when he was spokesman for the Australian Labor Party on matters pertaining to the economy or since the election of the Labor Party when he has been the Treasurer. [More…]
In other words, I do not believe that the present turmoil in the Australian economy is so much the result of the present Treasurer’s intervention as the product of other decisions which he had little power to arrest. [More…]
That is by bringing back confidence by putting in charge a government which can really manage the economy. [More…]
I suppose this means more General-Motors, sell a bit more of the farm, hand a bit more of the Australian economy over to foreign control and influence. [More…]
No government can plan effectively for a national economy of this kind with the threat of an election every 6 months. [More…]
The AIDC is currently bound to source its borrowings principally outside Australia regardless of whether this is good or bad for the Australian economy of the future. [More…]
In summary, the measures contained in these Bills, now before the Parliament in unchanged form for the second time, will create the means for AIDC, ofthe Government through AIDC, to help provide the financial requirements of the private sector in industry development of importance to the Australian economy. [More…]
I left Europe with the feeling that despite our temporary difficulties, Australia’s economy is healthier and basically sounder than those of most of the countries I visited. [More…]
I left Europe with the sure knowledge that the management of the western monetary system and the western economy is, along with the maintenance of peace, the greatest and most immediate problem of 1975. [More…]
The United States, wishing to meet this problem, has suggested to the rest of the world that there should be an economy in usage, that there should be vigorous discovery programs and that there should be testing to find new fields of oil. [More…]
They said: “This is private enterprise economy. [More…]
Nothing said to this Parliament tonight, either by the Prime Minister or the Special Minister of State (Mr Lionel Bowen) who accompanied him, can in any way justify the absence abroad of the Prime Minister at a time when the economy of this country had fallen to the depths which it had not hitherto attained, other than during the depression. [More…]
There is nothing in the statement to suggest that his visit overseas has brought him back to Australia with any new knowledge which is likely to lead to the resurrection of the economy to something like the position it was in when he took office, nor to the position it might well be in if a Liberal-Country Party government were to be in office at this stage. [More…]
In 1904 Australia had a rural economy and a comparatively small work force which, in the main, had little education and its expectations of something better were depressed by its experience of the legal and economic constraints from which it was struggling to become free. [More…]
The Opposition is committed to establishing this fund and the sooner we are in a position to do so the better it will be for primary producers and the Australian economy. [More…]
Thus, agricultural societies usually have large families providing social security and sharing in production and consumption in a subsistence economy. [More…]
What was the cost of air travel for (a) public servants and (b) servicemen during 1973-74, and what saving would have accrued from the use of economy, in lieu of first class, air travel in each case. [More…]
Other members of the Defence Force generally travel economy class though there are some exceptions for certain female and junior categories. [More…]
In general, both first class and economy class air travel is used but the tendency is for a greater use to be made of economy class air travel. [More…]
Where civil air is used, it is a general rule that service personnel travel by economy class but in the United Kingdom officers of two star rank and above travel first class and special approval may be obtained for first class travel in the United States of America. [More…]
Gross savings of approximately $ 1 .95m would have accrued if all travel had been by economy class. [More…]
147m and that the estimated savings that would have resulted, had only economy class air travel been used, would have been $0.940m. [More…]
The committee is concerned with proper consultation and rationalization of visit proposals, with the application of uniform standards and generally with the encouragement of restraint and economy in relation to oversea visits. [More…]
This is the worst unemployment in the nation’s history and it is a direct result of the mismanagement of the economy and the affairs of this nation. [More…]
The Australian economy is lurching towards disaster and more than 300 000 people are out of work. [More…]
As a result of their hostility and their refusal to allow overseas capital into Australia we had a huge downturn in the economy. [More…]
I believe that it is most important for the employees concerned and for the economy of South Australia- indeed for the economy of the whole nation- that we guarantee that everybody concerned co-operates in guaranteeing a viable motor vehicle industry in Australia. [More…]
-The policy actions of the Whitlam Government have led to an investment crisis in the Australian economy. [More…]
The failure of the Government to maintain the growth in the productive capacity of the economy- particularly the installation of modern equipment- will be felt for years to come. [More…]
No economy can withstand such a massive reversal of its long-term economic balance between wages and profits. [More…]
This Government’s policies have demonstrated a fundamental misunderstanding- a misconceptionof the role of profit in a mixed economy. [More…]
The future well being of the Australian economy certainly demands no less. [More…]
I point out that the Government in this country began the policy to get the economy going again some 3 or 4 or 5 months earlier than any comparable country did. [More…]
Turning to banking policy, banks were asked in early October to increase appreciably their lending to meet the basic immediate needs of the economy for finance. [More…]
The Reserve Bank has told the trading banks that banking policy in 1974-75 will be administered so that bank liquidity will be maintained at a level sufficient to enable banks to continue to meet the basic immediate needs of the economy for finance. [More…]
That is direct assistance to the private sector of the economy. [More…]
I point out that when the effect of that increase is being examined, when the effect of the Budget deficit that is inevitable in circumstances like that is being examined, it will be found that the most significant component in that increase and in that deficit is direct assistance to the private sector of the economy. [More…]
Taking into account that this has occurred- that, first of all, we have had to deal with the problem of inflation and that we have continuously to balance measures that are calculated to restrain the economy from continuing further into inflation against the measures that are needed to provide employment directly and to stimulate investment- I think that the record of the last 12 months, is in advance of that of any comparable country. [More…]
The Deputy Leader of the Opposition finished his speech with a statement with which I agree, that is, that the lack of activity in the economy at the present time is caused by a decline in profitability due to accelerating costs. [More…]
Firstly, when we came into office inflation was already operating in the economy of this country. [More…]
The structure of our economy is such that the standard of living increases when we have real economic growth. [More…]
Private industry simply does not trust Labor to understand the workings of the private sector or to manage the economy. [More…]
Certainly the honourable member pointed out accurately that policies have to change, and thank goodness we have had in power a Government which is responsive to the changes in the economy and changes its policies accordingly. [More…]
The matter of government expenditure and the deficit has to be understood in relation to the present conditions of the economy. [More…]
The present condition of the economy is a condition of recession, as it is around the world, as it is in every country as a result of the same conditions applying in every country. [More…]
The Opposition does not seem to be prepared to recognise this fact and therefore cannot understand what is happening in the economy. [More…]
But every item of government expenditure has to be considered on its own merits, on its effect on the economy, and the Government will continue to do that. [More…]
It will be the intention of the Government to keep the deficit to the lowest possible level mainly because of its impact on the money supply in the economy. [More…]
I now ask the Prime Minister: Is it a fact that the economy of the Tasmanian rural industry would be seriously threatened if the call by that extraordinary and ubiquitous Premier of Queensland for the exclusion of Tasmanian beef exports to Japan were to be carried out? [More…]
We all know and applaud the fact that in recent days the Government has seen the light in terms of the Australian mixed economy. [More…]
In the present state of the economy, the nation just cannot afford this system. [More…]
Instead, under the Government economy campaign, pensioners could receive an increase of only $ 1 .50. [More…]
Government as a whole have taken in relation to the trade union movement and in relation to the economy. [More…]
Matters that would affect standard hours of work, altering minimum wages on the grounds of the national economy, annual leave provisions, long service pay and benefits are at present powers to be exercised by the Full Bench alone. [More…]
These included possible Government involvement in the Australian capital market and industrial structure arising from the proposed additional powers, extended functions and privileges of the Australian Industry Development Corporation; the implications for other financial institutions in the money and capital market arising from the financing activities of the AIDC and the NIF; the consequent implications for resource use in the economy and the attainment of other economic and social objectives. [More…]
Secondly, peoples and governments are challenging the right of large corporations, particularly in the United States of America, to control and manipulate resources, particularly natural resources, upon which their standard of living depends and to which their economy is extremely sensitive or vulnerable. [More…]
My concern is that this national interest division provided for in the 3 pages of the Bill to which I have referred may become the vehicle for massive public ownership, involvement, in the economy- to infiltrate the ‘system’. [More…]
My question is addressed to the Minister for Transport I need not emphasise to him the urgency of rehabilitating industry which will help to strengthen the Darwin economy, and with this in mind I ask: Is he aware that one of Darwin’s major exporters, the Frances Creek Iron Mining Co., is prepared and anxious to get back to exporting its product? [More…]
The reasons for the overall increase in traffic include growth in the Australian economy; the realisation by many shippers of the advantages of rail, especially forwarding agents, and their consequent diversion of freight from other modes to rail; and the increased operating efficiency of Australie ‘s railways resulting from improved rolling stock and rail standardisation. [More…]
For years they have been starved of the capital funds necessary for them to keep abreast of advances in railway technology and meet the transport demands placed upon them by a growing economy. [More…]
I believe, as the honourable member for Berowra said he believes, that it will divert financial resources, and therefore real resources, from the private sector of the economy to the public sector with probably greater harm than the good that it could potentially do. [More…]
But we do not have to come in here or go on the hustings to parade our interest, to try to show that somebody is better than us or to try to get a mean political advantage when the only difference between us can be the timing, the means by which an objective is achieved- and whether by the private or the public sector of the economy- and the conditions under which the change is to take place. [More…]
I state again that I am a Liberal and I believe in the private sector of the economy. [More…]
I believe it gives the opportunity by stealth increasingly to socialise the Australian economy. [More…]
We even understand that the Government is proceeding with the intention of establishing a government insurance office, which again is a major aspect of its policy of interference in the private economy of this nation. [More…]
The AIDC must have access, as any corporation which is attempting to perform this vitally important role in the economy must have access, to Australian funds. [More…]
We cannot accept that another country can enter the Australian market, can take what it wants and cannot be expected to have conditions placed on it as to what else it buys as part of an overall package in a mixed bag economy. [More…]
That’s the sort of Liberal economy measure the youth of Australia could expect. [More…]
Provision is included in the Bill to require a judicial manager, appointed by the Court, to conduct the affairs of the fund with the greatest economy consistent with efficiency and to report to the Court, as soon as possible, as to the course of action to be taken in relation to the fund. [More…]
The Rae Committee was at some pains to point out that the industry concerned is not only national in character but fundamental to the development of a national Australian economy- an objective of Federation. [More…]
No country with a mixed economy can afford lack of confidence in its investment machinery. [More…]
The stock exchanges are important, probably vital elements, of a free enterprise economy. [More…]
The Terrigal Conference of the Labor Party accepted in a practical way that in a mixed economy the institutions of a free enterprise economy should be strengthened. [More…]
It can only do injury to the country’s economy when groups such as SOB act in an irresponsible, destructive and divisive way as they have done in my electorate in the last couple of weeks. [More…]
Banks have been assured by the Reserve Bank that banking policy will be administered so that bank liquidity will be adequate to support current policy which is aimed at providing appreciably more finance by way of new lending towards meeting the basic immediate needs of the economy for finance. [More…]
The finance industry in Australia is viable- at least it was viable when the economy was in a decent shape. [More…]
Mainly because I felt that the Bill was too technical, was far too detailed and lacked flexibility, and because the Government had shown that it was completely incapable of managing the economy, I came to the conclusion that if the Government was so incompetent it should not be given any further powers. [More…]
Do we believe in democracy or do we believe in an agency of government being able to run riot, to disturb the economy and to disturb the free workings of a market economy? [More…]
It was introduced back in the 1930s because of runs on the stock exchange which brought financial chaos to the American economy. [More…]
All the more recent signs seem to suggest that the economy is picking up a little, and we are all very glad about that, I am sure, but if those signs had gone the other way and had continued going the other way, who would rule out that an emergency situation would not have been called for at some stage in which actions of this sort could have been taken either by private individuals or by a commission and be appropriate in the interests of protecting the public? [More…]
The AttorneyGeneral used as an example of the value of this clause the possibility that the economy could have taken a great downturn and he seemed to be saying that under those conditions the Government would advise the GovernorGeneral to close the stock exchanges of this country. [More…]
But the Hansard record will show that the Attorney-General used as an example the possibility of the economy greatly deteriorating, I think, if I recall the content, from a point that it was at recently. [More…]
The Attorney-General will find when he reads Hansard that he did allude to the economy going further down. [More…]
I was amazed by how far European countries with a similar system of economy to our own have gone in this direction. [More…]
That has enormous ramifications on the Australian economy not only for the 5000 or 6000 people who are suddenly dumped out the window as industrial fodder to be looked after, with their wives and children, by somebody else, but also for businessmen who deal with the company, the component manufacturing side of the industry, and involves another 20 000 to 30 000 people. [More…]
Honourable members will all be aware that if, say, a disease such as foot and mouth was accidentally introduced into Australia and was picked up by the native fauna of the areas involved, it would not be long before that disease was communicated throughout Australia, with devastating effects on our major industry- the rural economy. [More…]
The reason for that is the failure of the Government to be able adequately to manage the economy of this country. [More…]
Every measure that the Government has adopted has further distorted the interest rate structure in this country and, given a continuance of its gross mismanagement of the economy, it seems likely to us that interest rates may creep even higher before the year is out. [More…]
It is simply this Government’s mismanagement of the economy which has created inflation, unemployment, and the highest interest rates on record. [More…]
Yet it is not in the best interests of the economy simply to gear interest rates to the needs of the housing industry. [More…]
Governments must always adjust interest rates to cope with the circumstances of the economy as a whole. [More…]
the present Government’s management of the economy, since it came into office in December 1972, has failed. [More…]
Much has been said by Ministers about how they inherited a situation of excess liquidity in the economy. [More…]
Although it was obvious in 1973 that the economy was gravely overheated no meaningful policies were introduced and it was not until September 1973 that the Government decided to use monetary and interest policy, currency appreciation and tariff reductions, to control an already alarming inflationary trend. [More…]
I should not just suspect because it is a fact- that this piece of legislation is but another plank in the Labor Party’s policy to interfere in the workings of the economy The Labor platform as indicated on page 4 of the document ‘The Labor Way’ under the heading Economic Planning ‘ specifically states: [More…]
Because the level of building is so sensitive to monetary policy, the result of monetary management has been that the economy is regulated by turning the housing industry on and off or rather from hot to cold to hot. [More…]
With an expanding work force and with the industry insulated against fluctuations in the national and international economy, a guaranteed growth can be assured in the supporting industries; not only those making building materials but also in industries making the domestic appliances which go into most homes. [More…]
I am prepared to support, in principle, the comments of the honourable member for Kingston in calling for the Government to plan how it is to operate our economy and to make announcements so that people in private industry- home builders, developers, home buyers and even the people who want to rent homes- will know with certainty how they will be affected. [More…]
The most important problem that we face at this time in our economy is that we do not know how the Government will act next. [More…]
I would support any commission or indicative planning committee that is able to bring forward positive suggestions as to how the Government will manage the economy responsibly in order to provide an economic climate in which homes can be provided for people who need them. [More…]
It is important that we should look at our economy and that we should realise that there are problems in it. [More…]
These figures are important because what is happening is that fewer homes are being built and there is no suggestion that the Government, as a result of a Bill of the type that we are discussing, will be able to manage the economy any better in order to enable people to buy their own homes. [More…]
While we are all very concerned about housing, while we all want to see housing provided for people, while we all want to see an economy in which housing can be created instead of an economy which has destroyed the ability of our community to create housing, we as parliamentarians are spending our time dealing with this and with a multitude of other matters which remove from us our ability to participate in decision-making in areas for which we have paramount responsibility. [More…]
When one has regard to the massive financial power available to the Commonwealth through the taxes that it raises from the people and when that massive financial power is diverted, not to private individuals or private corporations but to Crown or public corporations, it places those corporations in a tremendous position of advantage within the economy. [More…]
policies and activities of the Menzies Government which have supported that great egalitarian distribution of wealth through home ownership which we now find in Australia: Firstly, the homes savings grant scheme, secondly, the Housing Loans Insurance Corporation; thirdly, the creation of savings banks primarily for the purpose of lending for home purchase- something which is so often forgotten is that savings banks were the creation of the Menzies Government- fourthly, the tremendous growth of the permanent building society movement throughout Australia in the 20 years of the Menzies and other Liberal governments; and fifthly, the growth of terminating building societies and under-pinning all of this activity a stable economy, which is something that all people in Australia would wish that we could look forward to in the future but there is no hope under the present Government. [More…]
Who was it who resorted to the cowardly device of blaming the Treasury for the Government’s mismanagement of the economy? [More…]
If this were done the eligibility for first home borrowers in terms of existing qualifications would obviously be much greater and therefore the area within the existing demand and supply structure of the economy to meet requirements for finance would also be larger. [More…]
On any analysis the Australian economy is in a state of crisis. [More…]
two major and not unrelated factors of the present economic situation are a bewildering array of relatively recent policy initiatives and continuing widespread uncertainty about the future course of the economy. [More…]
The fact is that the total economy cannot expand at a rate sufficient to accommodate the necessary resurgence in the private sector and the present growth rate in the public sector. [More…]
The Government must understand that it is the private sector which creates the real resources within the economy and employs the great majority of the Australian work force. [More…]
-At the outset I point out that I shall be speaking generally in relation to the economy. [More…]
In the pale white document which the Opposition produced called the National Economic Program 1975’ which went over like a lead balloon at the opening of Parliament this year, the following comment was made in page 36: the ratio of Australia’s inflation rate relative to its long-term average is more pronounced than for every major OECD economy. [More…]
Mr Michael Evans, president of the Chase Manhattan Bank economic affiliate, said the economy would be better off if nothing were done for it rather than adopt President Ford ‘s economic program. [More…]
As described in the next section of this chapter, the upsurge of commodity prices since 1972 has no parallel with earlier peacetime experience- a fact suggesting that to some extent these big increases were independent of the general process of inflation in the world economy. [More…]
In 1974 the rate of inflation picked up again on top of what had happened in 1973 because of the very understandable factors which happen once inflation gets under way in any economy. [More…]
They were doing no more than anyone else in the economy was trying to do to protect themselves against inflation, but the facts are that it did’ have the effect of furthering our rate of inflation in 1 974. [More…]
This Bill certainly will have a beneficial effect upon the whole of the Tasmanian economy, but in the few moments which I have left I wish to mention particularly the announcement by the Prime Minister of the appointment of a very distinguished Australian and an equally distinguished Tasmanian, Sir Roland Wilson, as the Prime Minister’s personal adviser on the Tasman Bridge reconstruction. [More…]
But it is good news to those who have always been quoting the actual figures to learn that for the first time for 10 months the economy is now responding to what the Government is doing and there is likely to be a small decline for the first time in 10 months in the actual number of people who are unemployed. [More…]
-Before the time factor interrupted my observations last evening I was proceeding to summarise the lamentable state of the Australian economy and I was drawing attention to the fact that both by accident and by design the present Labor Government has brought this country to the very edge of national bankruptcy- a contention which is not to be lightly resisted, not even by the wiles, the charm and the determination of the Minister for Services and Property (Mr Daly). [More…]
In other words, they truly reflect the fact that Labor has made a mess ofthe management of the Australian economy and now has- to use the language that members of the Australian Labor Party would use- to try to indulge in a repair job. [More…]
But this is not the occasion for a repair job; this is the occasion for a totally new look at the Australian economy to be able to get an all embracing scheme, internally consistent and adapted to meet the need of the times. [More…]
In fact, we have been given no explanation about the various measures that the Government intends to take in order to correct the defects in the economy and to get the economy moving along as we of the Opposition would get it moving along, that is, at a very fast pace although not in the immediate future. [More…]
We must not be diverted by any ofthe emotion that is generated in the Parliament or the statements that are made by the Prime Minister or other Ministers that seek to divert attention from what is crucial to the success of our economy and to the life style and ability to live well of all Australians. [More…]
I have no doubt that the Government has been justified in presenting these Appropriation Bills because of its past mistakes in trying to get the economy moving along again at a fast bat by giving incentives for production, and to get people back to work. [More…]
Of course it is high time to say that we had a few ups and downs between 1969 and 1972, but the policy actions that we took clearly indicated that we knew how to manage the economy. [More…]
This has our endorsement as small businessmen play such a vital and very great role in the economy and the life of every town and city. [More…]
But the Treasurer failed and continued to fail in the rest of his speech and at all times to face up to a debate on the economy. [More…]
The Government is to be deplored for its handling of the economy and the amount of money that it is seeking to appropriate by means of this Bill. [More…]
It has made so many mistakes in the running of the economy that it now has to buy its way out of the situation in which it finds itself. [More…]
A lot of their money went into speculative ventures, particularly during the boom in the economy in 1971-72. [More…]
If an election is to be held I am sure that the Medibank scheme will not be the major part of that election campaign because the Government’s disastrous mishandling of the Australian economy must be the major issue. [More…]
A study of what has happened in those places has led us to the conclusion that, whilst the Government may be well motivated in the belief that its health scheme will not get out of hand, in practice there is no way of containing the costs of a national health plan such as that proposed by the Minister for Social Security (Mr Hayden) and that this in itself will be destructive not only of medicine and health care in Australia but also of the economy of this nation. [More…]
So with the Australian economy open as never before, no wonder car imports surged when markets elsewhere, not least the Japanese home market itself, began to contract in the latter half of last year. [More…]
So, a resurgence of private investment which is so critical to the sustained growth of the economy is unlikely. [More…]
In the meantime, part and parcel as the present measures are, as embodied in these sales tax Bills and the related elements of the package, of the Government’s ad hoc piecemeal and often instant’ economic management, or rather mismanagement, of the Australian economy, the Opposition does not oppose the Bills before the House. [More…]
Given that for each person employed by the manufacturers in the car industry another person is employed in the material and components supplying side of the industry, this announcement by GMH was clearly a matter of great importance for the economy. [More…]
One of the facts which should be noted in this debate tonight is this: Had the Government not been so reckless in its handling of the economy of this nation, a Bill such as the one we have before us this evening would not even be before the House for discussion. [More…]
So this legislation is important because this is the third measure in a series which are in fact the Government’s own picture view of disaster in the Australian economy. [More…]
The motor vehicle industry, as was to be expected, reflects the general trend of activity and of economic activity within the Australian economy. [More…]
No matter what alibis are produced it is quite clear that this industry in Australia suffered a downturn in terms of its own production and in terms of the registration of cars which coincided with the downturn in the Australian economy. [More…]
If it was to persuade Australians to do most what they can do best and if the cutting of the tariffs was part of that proposition it had to allow an as free as possible reallocation of resources, both material and human, within the Australian economy. [More…]
The proposition that resources should move freely to areas in which they could be used for the best production and to produce the most was contrary to the attitudes of the Government which of its nature and of its philosophy had to intervene in the economy. [More…]
The re-allocation of resources involved is not small; the effects on the economy are not small. [More…]
When protectionism re-occurs within the Australian economy it should be appreciated which parts of the Commonwealth are going to pay. [More…]
It just goes to show that this is a temporary change of heart and we can look forward with great trepidation to a continuance of the socialistic policies which have ruined the economy of Australia and which have put 300 000 people out of work in the short time that Australia has been blighted by a Government of this standard. [More…]
The relationship of the cost of the scheme to the Budget deficit has to be seen according to the present state of the economy. [More…]
The deficit has to be considered in relation to the state of the economy. [More…]
At present I should imagine we have at least 10 per cent or 12 per cent under-capacity and a deficit is needed to stimulate the economy to the use of that capacity. [More…]
House in 1972 considerably relaxed the operation of the rule in relation to matters awaiting or under adjudication in all civil courts, including the National Industrial Relations Court, which concern issues of national importance such as the national economy, public order or the essentials of life, except where, in the discretion of the Chair, reference to such matters would constitute a real and substantial danger of prejudice to the proceedings. [More…]
In fact, the deplorable demonstration by the Treasurer (Dr J. F. Cairns) this morning that he was a year out of date and $ 1,000m behind in assessing the present level of the domestic deficit in this year’s Budget demonstrates just how seriously the whole of the economy has run amok under this present regime. [More…]
It is absolutely nonsense to think that Parliament in 1975, with the economy in the mess it is in, with the Labor Government in disarray, with the parliamentary institution being debased, that the Parliament should get up, go away and forget about what has happened. [More…]
Government need not face the just criticism which it should receive because it is making a complete mess of the economy of this country. [More…]
But I also appreciate that it is the right of every Australian taxpayer to enjoy the economy of scale that applies in large transport operations. [More…]
But I have not had the opportunity to make speeches on foreign affairs or the economy because those matters are limited and relegated in the importance that the Government attaches to them. [More…]
In its short term bid to stave off the consequences of its economic mismanagement for how long does the Government propose to resort to the printing press and to pump money into the economy at the present rate, leading to a deficit of $3.3 billion in 9 months? [More…]
I suppose the Opposition shadow Treasurer would show no concern at all for unemployment or the undercapacity in the economy and for the necessity for a very substantial deficit to increase the level of employment and of output. [More…]
I should imagine that what he is telling the country is that he would do nothing positive to reduce unemployment and to get the economy going. [More…]
When as at present we have an undercapacity of 10 or 12 per cent in the economy, the deficit is not inflationary. [More…]
The deficit is aimed directly at the economy to increase production, to get the economy going and to employ resources. [More…]
The deficit at the present time is substantially one that is directed at the private sector of the economy. [More…]
-Can the Treasurer tell the House how a Budget deficit of a kind he has indicated can work to stimulate economic activity and therefore restore employment to the kind of levels that prevailed in our time when government actions over a long period have destroyed the confidence of the business sector to take up excess capacity in the economy? [More…]
It was in 1972 that the economy expanded and that the money supply rose 25 per cent at the end of the year. [More…]
In 1 972 all the forces of inflation were liberated into the Australian economy and nothing whatever was done. [More…]
There was a great need, recognised by every economist in Australia, to appreciate the Australian dollar so that an inflow of funds which were moving the economy into inflation would be regulated. [More…]
This is all a direct stimulus to the economy. [More…]
Not only our economy but also every other economy in the world has been in such a situation. [More…]
The Australian Government was one of the first to undertake the necessary action to stimulate the levels of employment and activity, to take up unused capacity and to get the economy going. [More…]
Together with other members of the Opposition representing rural areas, as well as other members of the Opposition who realise the importance of rural industry to the economy of this country, 1 say to the Government: Look at this situation seriously and see what you can do to help people who are, in more ways than one, the wealth and the strength of this country. [More…]
In a mixed economy it is impossible to have efficiency, economies and expedition unless corporations act in a modern national context. [More…]
It has been brought about by pressures from all of the outside interests in Australia- the mining industry which pressures the Leader of the Australian Country Party and the Liberal Party, the Bank of New South Wales which nearly drove this economy to the brink of suicide because it would not go to the Reserve Bank under the Labor Government and pay penal rates of interest because it could not manage its affairs. [More…]
The complete failure of the Federal Government either to understand or to act on the Australian beef crisis is damaging the economy of this nation. [More…]
It is damaging not only the Australian economy but also our country towns and rural areas which depend on beef production for their survival. [More…]
What is required is $100m to be made available by the Reserve Bank to the cattle industry with a holiday period from the repayment of capital and interest of 2 years so that Australian cattle producers can get on their feet and make a contribution to the export income and the economy of Australia. [More…]
The arguments against the current system I think are mainly on the grounds of economy. [More…]
It is essentially a matter of achieving long-run stability so that the Australian economy can operate at high rates of real output and high levels of employment. [More…]
The economy has experienced its most serious recession since the war time period. [More…]
We should be looking,I think, to try to achieve some slowing in the rate of growth of the monetary aggregates This suggests a pattern for the monetary aggregates in which the rate of growth declines over the coming months from its current level of an annual rate of 20 per cent or more down beyond our recent rate of inflation and towards a figure more nearly in step with the possible real growth in the economy. [More…]
This suggests a pattern for the monetary aggregates in which the rate of growth declines over coming months from its current level of an annual rate of 20 per cent or more, down beyond our recent rate of inflation and towards a figure more nearly in step with the possible real growth in the economy. “ [More…]
The Government must understand that it cannot spend what the economy cannot create in terms of real resources. [More…]
We should seek to continue to exercise policy in such a way that, while the basic immediate needs of the economy for finance are being met, finance is not available for all the needs arising out of inflation. [More…]
An increase like this is far beyond the capacity of the economy to increase production in Australia and far beyond its capacity to import goods. [More…]
Did it support us in our efforts to achieve recovery in growth or did it want us to squeeze the economy still further? [More…]
But it is not good for the economy or for the nation to assert this false claim. [More…]
Thirdly, do not listen to your advisers who claim that bringing unemployment up to 6 per cent- and, as I said, it is now over 8 per cent in the United States- and holding it there for a couple of years will restore the economy for the rest of the 1 970s to a reasonable rate of inflation. [More…]
The Government will continue to see the economy is adequately supplied with the amount of money it needs to function properly. [More…]
We will not endeavour unduly to restrict the economy in some forlorn hope that we can suddenly stop inflation. [More…]
The economy can become restricted even from some of the most minor adjustments unless great care is used in them. [More…]
What concerns me is that the Governor of our Reserve Bank has acted in a responsible manner to try to warn the Government of the impact of its policies on the economy, the seriousness of just increasing the supply of money and how it will push up costs and prices. [More…]
I have received several letters from the Governor describing the state of the economy and referring to the well known serious state of inflation and unemployment and the effects such things as wages and price increases, Government expenditure and money supply have upon inflation and unemployment. [More…]
He has confused and clouded the issue because he does not want it said that not even the Reserve Bank has confidence in the Government’s management of the economy and that the Governor of the Bank is worried about the increased supply of money. [More…]
It is the total presentation and its impact on the economy that are important. [More…]
Inflation attacks ‘the private sector of the economy. [More…]
The conflict here, which demonstrates their confused thinking, comes from this simple fact: Several months ago when they were talking about their circuit breaker and the need for substantial cuts in government expenditure, the economy was fully stretched and resources were over-taxed. [More…]
There is a need to restore the momentum at which the economy is operating. [More…]
There is a need to get more money into circulation within the overall economy so that the stimulation which is necessary can take place. [More…]
What is appropriate at this time was not appropriate 18 months ago or even less, when the economy was at a stage of over-taxed resources. [More…]
But right now it is undeniable that the action that has been taken is largely responsible for the improvement in economic activity that is now occurring- the pickup in the utilisation of resources in the economy that has taken place. [More…]
One was that an avalanche of printed money will go on to the market in a similar situation to that which caused the collapse of the economy in Germany in the late 1920s. [More…]
I ask honourable members to look at the LGS ratios in the banking system at present and to note the healthy high level at which they stand, for one sound reason, so that the banks have enough liquidity in reserve to carry the economy through a seasonally tight liquidity situation which will arise from now on. [More…]
I repeat the key point that I made a few seconds ago because there is awfully woolly thinking going on in the minds of the socalled economic specialists of the Opposition; a deficit of the level which the Treasurer now puts forward as his economic strategy for conditions that exist at present would be totally irresponsible if it had been the policy followed 18 months, 12 months or even less time ago when the Australian economy was severely over-taxed and resources were being bid up by rapid inflationary pressures. [More…]
If the Treasurer is serious about this then the view which is commonly held in the community, that the Treasurer is quite dangerous for the well-being of the economy of this country, seems to be a very justified view. [More…]
It is vitally important, not only for reasons of co-operation but also for reasons of economy, that this should occur. [More…]
We live in an economy which must be ever responsive to changes in tastes. [More…]
In fact this is one of the main virtues of our mixed economy. [More…]
I am one who believes that an amount of statistics must be collected in this country because that will enable governments and other interested parties to be aware of the position in different areas of the economy and of the life of Australia. [More…]
How that is going to save the economy I do not know, but the Government might feel that that has something to do with it. [More…]
We do not want him any longer to have any excuse for not having statistics about the economy. [More…]
In the absence of that, any attempt to restrict the economy by restricting money supply or by unduly restricting the Government deficit can only be counter-productive. [More…]
It will be the intention of the Government throughout the work leading up to the preparation of the Budget to ensure that the deficit is kept at the lowest possible level for the health of the economy. [More…]
Is it any wonder that inflation is crippling the productive capacity of the Australian economy? [More…]
present Treasurer of this country, Government spending has little to do with increases in inflation throughout the economy. [More…]
The Whitlam administration clearly has no idea whatever where it is heading so far as the Australian economy is concerned. [More…]
In a very real sense excessive taxation not only fuels inflation but also strikes at the essential fabric of a free enterprise economy. [More…]
Increases in overall national welfare, however desirable, cannot proceed at a pace beyond the economy’s capacity to sustain them. [More…]
Without a return to adequate levels of investment the economy’s capacity to meet future demands will be severely diminished. [More…]
We believe that the Treasurer must show, during the course of what is a very important debate in terms of the economic dialogue taking place in this country, that he is now prepared to curb the rate of spending and, in this way, set an effective brake on the mounting inflationary spiral that is so evident throughout the Australian economy at the present time. [More…]
Nevertheless, in the Australian economy today, on the basis of the figures for the last complete quarters as against the previous 12 months, the physical output is greater than it was. [More…]
The problem with the economy now is, as it has always been, in sharing the scarce resources of skilled manpower and materials and technical skills among a variety of alternative uses. [More…]
There are still more things which need to be done in the Australian economy, both at the public and the private level, than we have the resources to encompass. [More…]
Is that the level of analysis which is taking place in this House about the Australian economy? [More…]
I wish to look at one or two aspects of the Australian economy which ought to disturb us all. [More…]
The great difficulty in the Australian economy at the moment is in deciding the shares of the total productive capacity that will go between wages and profits on the one side and private and public expenditure on the other. [More…]
I said in the days when I was Treasurer, prior to shifting to the portfolio of Overseas Trade, that Australia had reached a point where- and I do not deny that as far as the present economy is concerned approximately three-quarters of total employment is still in what is rather vaguely described as the private enterprise part of the economy and one-quarter in the public sector- if there is any lack of confidence in the private sector, it becomes very difficult to absorb into useful employment all those who want to be absorbed. [More…]
What this points to is some sort of structural difficulties within the economy. [More…]
I have always been an optimist about the future of the Australian economy and I think that that optimism will be borne out only if there is sensible co-operation between government, private industry and employees and sensible decisions are made as to what should be the disposition between total resources going to public and private sectors. [More…]
The problem of inflation is the most difficult and the other problem that is difficult is getting a return of confidence on the part of those who are supposed to make investment decisions in the private sector of the economy. [More…]
They tell their own story of the economy and Government policy. [More…]
It is stuffing money into an economy unable to use it. [More…]
Other problems such as lack of growth m the economy, poor productivity and little investment are mere consequences. [More…]
The present excessive growth of money will affect the economy not this month but late in 1975 and in 1976. [More…]
Any of the other three would destroy the basic economy. [More…]
There is only one single strand that runs common to the inflation of all the Western countries and that is that governments are meeting popular demands and expectations beyond the capacity of the economy to pay. [More…]
If the state of the economy requires fiscal expansion, deficits are good; if the state of the economy requires restraint, deficits are bad. [More…]
The Government should make it clear to the Australian people that it is activated and motivated by their interests and from responsibility in government so that when the next election comes, which I will do all in my power to see we win, we will not be haggling over the carcass of an economy which has been stripped of its muscle and flesh. [More…]
What we will be doing is arguing a debate on the electoral hustings about which party will better be able to serve the interests of the Australian people and make our economy as great as it ought to be. [More…]
The time has come for the Government to take the appropriate actions and not be buffetted by ideology or lack of will to resist pressure groups which are interested only in the expenditure of money to satisfy their particular wants without regard to the capacity of the community to pay and of the economy to deliver up that money without lasting and permanent damage. [More…]
A 10 per cent per annum increase in the money supply is as far as we should go unless there are exceptional circumstances and the economy is slow in reacting to budget and monetary stimuli, as happened in late 1971 and early 1972. [More…]
There were 18 months of excesses since we were in Government and when the economy was healthy and growing at a rapid rate, and the so-called Treasurer of this country still wants to blame someone else. [More…]
Labor inherited a prosperous and fully employed economy on 2 December 1972. [More…]
The facts are clear and indisputable: In December 1972 national growth was good, inflation was down to 4.6 per cent and trending lower, unemployment was low in seasonal terms and getting progressively better, and the economy was healthy. [More…]
The Treasury Round-up of Economic Statisitics for the December 1972 quarter showed: ‘The available indicators point to strengthening in demand in major areas of demand in the economy over recent months. ‘ [More…]
69 of 1 973 pointed out, the economy became swamped with money early in 1973. [More…]
If a continued ‘double counting’ process does emerge out of Australia’s ‘autumn wage offensive ‘, then 1976 is going to be the opening for a period of disaster for the private sector of this economy- worse than anything we have come through yet. [More…]
I applaud the Minister for introducing these schemes, but let us never forget that these schemes would be unnecessary if the economy of this country had been handled in a proper manner. [More…]
We were able to dispose of that wool at a profit and thus protect our great wool industry which is so valuable not only to our own economy but also from an export point of view. [More…]
They are the ones who could be affected seriously if anything goes amiss with our economy. [More…]
It is inevitably causing considerable problems and changes for the Australian economy. [More…]
I repeat: Which proposition would the electorate choose: Selling $4 billion of Australian assets or printing $ 1,700m in order to make sure that the economy is maintained at a reasonably productive level in order to ensure that the facilities so long denied education, child welfare- one can go on- are supplied to the community? [More…]
In that time it has to face up to the problems which it has created in the economy. [More…]
In this debate we are looking at what this Government has done to the economy and asking what the solutions are to those problems. [More…]
We have had 20 months of the honourable member for Eden-Monaro and nothing constructive about the economy. [More…]
We have the greatest problems in generations facing our economy and yet we have heard nothing constructive from that honourable member. [More…]
These Supply and Appropriation Bills come into the Parliament at a time of great difficulty for the Australian economy. [More…]
Where are the causes and responsibilities for these problems which face the economy? [More…]
They lie in the mismanagement of the economy by the Whitlam Government. [More…]
In 1973 we saw a Budget introduced at a time when the Government had an opportunity to tighten up the economy. [More…]
It introduced an expansionary Budget and allowed the economy to continue to run riot. [More…]
It can only be from further deficit financing of the economy over this period. [More…]
The Australian people will not be faced with a Government which is prepared to offer restraint and to put the policies which should result in the economy being put back on to a more stable footing. [More…]
The Government will continue to print the money and to run the economy in order to appease its constituents. [More…]
We have noticed in the economy a significant collapse in private investment, in new investment and in capital investment. [More…]
This has been largely brought about because of the uncertainty about where the Government is taking our economy. [More…]
In industry money has been tied up in stocks which have been building up because of the slow-down in the economy and, until recently, the lack of desire on the part of consumers and manufacturers to spend. [More…]
But those palliatives are by no means sufficient to enable industry to have the confidence it needs to invest and to prime the economy in the way in which it ought to be primed. [More…]
The Minister for Labor and Immigration (Mr Clyde Cameron) told the House this afternoon that the Regional Employment Development scheme has been a significant factor in the Government’s stimulation of the economy. [More…]
It is not bringing about stimulation in the economy in those areas where it is needed. [More…]
The only solution for Australia today is to prime private enterprise and private industry so that they may invest and pick up the slack that exists in the economy. [More…]
The Government and the Treasurer stand condemned for their mismanagement of the economy- an economy which should be going from strength to strength. [More…]
Whether it was intended to cut back government spending to the extent required to cure the problems in the economy by means of one Budget or two Budgets, I think we would be left with just as many problems in areas of the economy other than employment and investment. [More…]
It seems to me that until we can get more consensus in the economy we will not lick this problem. [More…]
The extent of the increase is a measure of the disarray in the Australian economy brought about by the policies of the present Government. [More…]
The number of programs which, taken by themselves, might well have had merit, taken altogether represented an impossibility for our economy. [More…]
To quote an oft used phrase of the Prime Minister, ‘the fact is’ that by overseas comparisons the Australian economy is performing very badly. [More…]
It has never had an understanding of the many inter-acting factors that press in upon an economy. [More…]
It seeks to cut up the economy in different ways. [More…]
It does not realise that a Government needs to establish the circumstances in which an economy can grow and expand. [More…]
Let me examine why Keynesian-type pump priming, which is the course the Government is pursuing at the moment, will not put renewed life and vigour into the individual enterprise economy in present circumstances. [More…]
In the present circumstances, however, the Government is pumping huge sums into the economy in the hope that it will provide a lift off for the private enterprise sector, but the preconditions for successful take-off do not exist. [More…]
There is no stability in the economy. [More…]
I should hope that in the interests of Australia the Government can get the economy under control before then. [More…]
As a result of the Government’s inconsistent policies and as a result of fast changing events, it has become very difficult to predict what will be the circumstances in the Australian economy 6 months, 12 months or 18 months from now. [More…]
It is our job to ask the questions and it is for the Government to tell the people of Australia what programs it has in the longer term for the management of this economy. [More…]
So far the Government has refused to set out its long term objectives for the Australian economy and the way in which it would achieve those objectives. [More…]
While there is need for the Federal Government to have complete control of the economy, we must at the same time recognise that there are many other economic powers now in the possession of the present Government which are not needed for the mechanisms of economic control. [More…]
The fact remains that in 1975 the real danger of a resurgence of the rate of inflation and the real danger of a downturn in employment would come from wage demands greater than the ability of the economy to absorb.This is the real message that the Treasurer and I have tried to convey to employees and their organisations. [More…]
These figures further point to the basic strength of the Australian economy and the superior performance of our national policies in meeting the international problems of the world economy. [More…]
There is no suggestion in all this that the Australian Government is complacent but the figures do suggest that confidence in the Australian economy is well founded. [More…]
We shall continue that approach, the approach of a responsive and responsible governmentresponsive to the needs of the economy, responsive to the needs of all sections of the community and responsible in making the decisions to meet those needs. [More…]
All that I thought the measures that were announced in November did was to countermand the measures announced in the Budget, which we were told at the time were essential if we were to control the economy and bring inflation under control. [More…]
It took over an economy which was flourishing, a prosperous nation with virtually no unemployment, inflation running at 4.5 per cent and falling, interest rates moderate, business flourishing and confident, mining and oil exploration proceeding apace. [More…]
What has this Government achieved after less than 2lA years of its mismanagement of the economy? [More…]
It is true that Australians have been led to expect more than the resources of the community can possibly be stretched to provide for them but, overwhelmingly, that process of creating excessive expectations has been carried on within the private sector of the economy by the greatest of all demand producing pressures in our society- the advertising industry. [More…]
-Suffice it to say that the reason the deficit exists is to endeavour to reflate the Australian economy. [More…]
It is because the Liberal-Country Party Government mismanaged the exchange rate of Australia that Australia has found itself in a dire inflationary position, and because of an endeavour by this Government to correct and manage demand inflation the economy went into a downturn. [More…]
-My main concern about the state of the economy is encompassed in a fairly simple question which I asked the Treasurer (Dr J. F. Cairns) on Tuesday of this week. [More…]
The Australian Country Party, unlike the Aus.tralian Labor Party, is firmly committed to the proposition that there should be a job for every Australian- a job which is self-satisfying and which enables him to contribute in a productive way to the Australian economy. [More…]
They will find that out to their regret and to the sorrow of the Australian economy and the Australian society. [More…]
Those who argue that the increase in the price of oil had no effect on the Australian economy are foolish people indeed or else they are dishonest- one or the other. [More…]
I would argue that if this money were injected into the private sector, which employs three-quarters of the workforce, by way of tax cuts and assistance to the productive side of our economy, there would not be any need for this massive expenditure of $1 billion. [More…]
They have made a major contribution to the economy of this country. [More…]
Investment in Australia is not being undertaken by manufacturers for the following reasons: The economy is in a state of recession with a high level of unemployment. [More…]
He said that this would reduce the fiduciary injection into the Australian economy from $3, 000m to $2,000m. [More…]
I rise tonight to draw the attention of the House to an important component of the Australian economy that has received scant attention from the present Government- attention so scant, in fact that I believe that this vital part of the private sector of commercial operations in Australia has been neglected and prejudiced, in many cases to the point of virtual destruction. [More…]
Some of the honourable gentlemen sitting opposite me at the moment no doubt would dispute the importance of small businesses to the Australian economy but I would remind them that if one accepts the definition of small firms as those employing less than 100 people then 93 per cent of all manufacturing establishments, and probably an even higher percentage of retail and service businesses, would fall into this category. [More…]
I suppose we have to ask: Why should small businesses be granted special considerations when other sections of the economy, for example, the multi-national concerns, are being overtly constrained in their operations by this Government? [More…]
In a multiplier-effect economy such as Mr Milton Friedman outlines this capacity for prime-cause initiative is not just one requirement, it is fundamental to the very process of productivity. [More…]
Surely this is a more equitable way of preserving this vital component of the economy. [More…]
The serious problems with which small businesses in Australia are faced today are due in large part either to a deliberate policy of the Government to destroy this sector of the economy or to the Government’s inadvertence and appalling unawareness of the difficulties which small businesses are experiencing. [More…]
I have pointed out that the role of the Government is directly concerned with the relationship between the amount of money it spends in the economy and the amount of money it collects- in other words, the deficit. [More…]
It has been the purpose of the Government when stimulus was needed to the economy to adjust the deficit accordingly. [More…]
I would say now that if the policy followed by the Government in the last 12 months to stimulate the economy and to reactivate the direction of movement of the economy had not been followed unemployment today would be well over 500 000. [More…]
After that had occurred and after the economy found itself with a high level of inflation during 1973, a policy was followed under our Government which resulted in a very significant decline in the rate of increase in the money supply from about 26 per cent to about 0.7 per cent. [More…]
I am prepared to look back over the events and say that that made a significant contribution to the shortage of working capital which has inhibited development in the economy since. [More…]
We are now in a position where we have brought the money supply back to a level which was necessary to supply the economy with the funds that it needed. [More…]
Are they going to say that the economy should not have had a money supply adequate for its needs? [More…]
I have already said that everything that the Government can do to reduce inflation will be done but, in order to achieve that, I do not intend to follow any policy that would have a very serious impact upon the economy- shortening it of working capital, increasing unemployment, making business less profitable, denying sections of the economy the kind of assistance that they can reasonably be given. [More…]
I do not think that Professor Arndt is in a position of responsibility to know the needs of the economy or to be responsible for those needs. [More…]
I point out that what one should do is determined by the state of the economy. [More…]
The policy that the Government followed has diminished the significance of the impact of the world downturn on the Australian economy and has diminished the operation of the internal economic factors that were controlling it. [More…]
When dealing with this Budget we shall deal with it according to the circumstances that prevail in the economy. [More…]
It requires a thorough examination of the structure of the economy and an appropriate policy arrived at must be a policy derived from structural factors. [More…]
I do not downgrade the Snowy Mountains Hydro-Electric Authority as being something that has a rather minor role to play in the economy. [More…]
I ask the Minister for Labor and Immigration (Mr Clyde Cameron) that in this, and any future legislation that he brings before the House in relation to this most vital and important matter as far as the general state of our economy is concerned, he take notice of the point raised by the honourable member for Corangamite that due consideration should be given to the place of management in all his initiatives, and that particular reference be made to the right of the general public to expect top class service from the people who are protected as members of society. [More…]
He has brushed aside with a gaiety that can only be described as breathtaking the fact that an inflation rate of 20 per cent has ravaged the Australian economy. [More…]
It was at the time that this Government was hell bent on opening up the Australian economy to competition from imports as never before. [More…]
Over months past we have heard claims that great store is placed on the need for efficiency and economy in transport by the Minister for Transport. [More…]
Of course, this adds to the massive deficit which this Government has already run up in its mismanagement of the economy. [More…]
If it had not been for this massive increase of $5 a week to pensioners, they would be the ones in the community who would suffer because of the unbelievable mismanagement of the economy by the Labor Government. [More…]
But as I pointed out to the Minister for Social Security in another speech, because of the way in which this Government is mismanaging the economy, with rampant inflation and with unemployment rising, it might be to the disadvantage of pensioners to have their pension indexed and tied to average weekly earnings. [More…]
We are deeply concerned at the mismanagement because of the number of people involved and because of the state of the economy. [More…]
I spoke of the exploitation not only from the point of view of the cost to the economy but also from the point of view of the moral cost to the nation. [More…]
It is amongst the most active groups in favour of the abolition of the means test and it states, after talking about the economy: ‘If success’ - [More…]
I suggest that it will be very difficult for the honourable member for Holt to explain to his electorate- if his and the Minister’s suggestion is adopted- that because of its maladministration of the economy this Government cannot keep its promise to abolish the means test completely in the life of this Parliament. [More…]
We have been charged with having maladministered the Australian economy, with special reference in this debate to the development of unemployment at a much greater scale in Australia than I or, I am sure, anybody else would wish. [More…]
The tragedy is that a domestic deficit of that size is needed even to get the economy going at the very sluggish rate at which it is going today. [More…]
If the Government considers that it has strayed from the path of economic balance because it has been persecuted from overseas, or because it has been persecuted by private enterprise, or because it has been persecuted by those who, outside its ken, have wanted to destroy the economy, it ought to rid itself of that delusion and of that mania. [More…]
In view of the current situation facing the Australian economy and the obvious need to reduce Government expenditure it is necessary to make sure that we carry out our responsibilities to the Australian electorate and make certain that these funds, will be adequately used throughout the community especially where the requirement is most urgent. [More…]
Let us not leave them behind in the economic leaps in respect of which they have previously been left behind or allow them to be the first to suffer or to suffer the worst when the economy slows down. [More…]
He said that the expectations of our society possibly are considerably higher than properly may be the case, that this is subjecting our economy and our society to great stresses because we have been aiming too high, aiming beyond our entitlement, seeking more than in actual fact we can pay for, more than we have a moral entitlement to. [More…]
The only one that approaches the economy of that scheme is that conducted by the Commonwealth Savings Bank. [More…]
Like a death-watch beetle, he is gnawing away within the roof-tree of the Labor Government’s political economy. [More…]
The Treasurer of Australia (Dr J. F. Cairns) has just said that the productivity increases in the Australian economy normally run at 5 per cent to 10 per cent a year. [More…]
The Government’s ignorance of how to manage the Australian economy soon showed in other areas. [More…]
The state of the economy, the high rate of inflation and the worrying high level of unemployment do not daunt the Government, although of recent days there is a hint of a suggestion that government spending may be cut. [More…]
The Government does not realise how important housing is in our economy. [More…]
The economy is crying out for an injection of confidence, yet we have the Government, through its Minister, destroying a concept which has captured the enthusiasm of people because it was the stepping stone which allowed them to have a stake in the countrytheir own home. [More…]
This type of housing policy does nothing whatsoever to encourage new building and its associated stimulation of the general economy. [More…]
Because of that it is obvious that any government should do whatever it can to take the necessary action to stimulate the industry and the economy. [More…]
The policies which have been put forward by the Opposition to overcome the major problems facing the Australian economy are essentially directed at returning confidence to all sectors of” the community. [More…]
But the fact still remains that the amount of funds available in the Australian economy at any one time to meet the very major problem of housing has to be considered m terms of other competing demands and the realities of the times. [More…]
It is quite inconceivable that the productive sector of the Australian economy can continue to pay for what we on this side of the House regard as irresponsible expenditure in many ways. [More…]
I wish to raise a question of very basic importance to my electorate and to all of metropolitan Adelaide and therefore to the economy of South Australia. [More…]
The Government supports the economy of South Australia. [More…]
Indeed, if the statements are to be taken at face value, the policy of the Liberal Party means disaster for the economy of South Australia. [More…]
I would like to talk about rape of a different kind- the rape of the private sector of the economy. [More…]
The payment of revenue assistance to local government bodies with strings attached could reduce the economy of local governments. [More…]
So it is a false economy to limit the finances that are available to local government. [More…]
It seeks to involve the Federal Government in one of Australia’s most significant financial industriesan industry which plays a major role in the development of the private sector of the Australian economy. [More…]
It also fulfils a fundamental role within the private sector of the economy: It attracts capital and, with the exception of certain government constraints, allocates that capital to efficient and productive ends. [More…]
I should have thought that the honourable gentleman, coming from Tasmania and knowing the precarious state of its economy because of this Government’s economic maladministration would certainly have been aware of the disabilities which that decline in private investment has directly entailed in Tasmania. [More…]
This is the standard tactic of the Labor Party when it wishes to discredit anyone or any organisation which stands in the way of its plans to extend Government influence and control over a sector of the economy. [More…]
So honourable members can see what an immensely significant factor the insurance industry is in the private sector and in the national economy. [More…]
I am philosophically opposed to the notion that a government body with this kind of backing and with all the advantages that go with it, no matter what the legislation may ultimately say, will have the opportunity to invest in private enterprise and have the opportunity to buy up private companies, extend its tentacles and then give the Government an undue power to influence and control the economy. [More…]
They cannot tell me that they voted for its implementation at a time of extreme ill in the economy. [More…]
They are people who are concerned by this further example of meddling in an economy by a Government which really does not understand the way in which the economy functions. [More…]
We have a Minister and a Government which does not understand the industry with which it is tampering and the ramifications which that tampering has for the economy as a whole. [More…]
The Government is committed to the maintenance of a mixed economy in which private and public enterprises co-exist and compete freely and fairly with one another, as has been the case for many years with TransAustralia Airlines and Ansett Airlines of Australia and with the Commonwealth Bank and the private banks. [More…]
Something must be done to permit funds to be diverted back to the private sector of the economy and away from the public sector of the economy. [More…]
This is a positive indication of the fact that if we want technological investment and investment in capital plant and equipment to go on to ensure the growth of the economy and the diversion of the resources to the private sector we must reject this Bill. [More…]
The Prime Minister made no attempt to inform the Australian community that the insurance industry has made a creditable contribution to the Australian economy, with 45 life offices- many of them in a mutual capacity- and 260 general insurers. [More…]
In 1972 the Australian Labor Party inherited an economy full of confidence, a buoyant economy, a nation which looked forward to its destiny. [More…]
I would hope that some honourable members opposite would have enough good common sense- that is what is needed in this Government today, a little less socialism and a little less impetuosity- to realise that they have the responsibility to manage the economy of this country. [More…]
Sometimes there is an element of merit in a number of the Government’s proposals but when they are all put together, when they are all costed- a number of them are never costed- they represent an impossibility for the Australian economy and an impossibility for the Australian taxpayers. [More…]
Restraint is needed, but where restraint is needed we find the opposite from the Government- pace-setting in one area or another in a way that is leading to a madness in the Australian economy as a result of the policies of the present Government. [More…]
It has a great intention of providing a take over of private industry, private enterprise, making more and more people and more and more parts of the economy dependent upon the whim and dictates of a socialist Government in Canberra. [More…]
By way of very brief preface, may I remind the honourable gentleman that in February 1972, speaking in this Parliament on the Australian economy, he said: [More…]
electorate of Robertson has a disproportionately high number of pensioners he said that the Government should, as an economy measure, postpone its promised abolition of phase three of the means test in this year’s Budget. [More…]
I have said that the debate may be a wide ranging debate, but it should be a wide ranging debate on electoral proposals and not the economy. [More…]
The Australian economy today is going through an extraordinarily difficult period- due essentially to the maladministration of the present Government- and the thousands of people who are employed in the insurance industry have seen no indication from the Government that its intentions are soundly formulated. [More…]
The insurance industry and the Australian electorate have every reason to doubt that the creation of this corporation, this monument to socialism at this time in particular, is necessary especially as it is being built on the ruins of our economy. [More…]
But there is no reason why the Government should take the Australian people, their economy and their future, with them. [More…]
I wonder whether the Government realised when it was drafting these clauses and when it was drafting the whole of the Bill itself the extent to which it was diverting funds from the private sector of the economy to the public sector and, if so, whether it recognised that that was totally inconsistent with its overall policy. [More…]
Those 2 concepts are totally inconsistent and if we bring down these 5 clauses then, I believe, we do irreparable damage to the Australian economy and to the concept behind the Australian Government Insurance Corporation Bill. [More…]
But if we look at this legislation against the total concept of the Australian economy, no one could ever support it; and above all, no one could support clauses 34 to 38 inclusive. [More…]
I condemned it before; I do not believe it should be passed and I hope I get the opportunity to vote against it, not only because of the Bill itself but also because of the impact it has on the Australian economy. [More…]
There is today a complete distortion of the world economy because of the availability of funds that have been generated in the purchase of Arab oil at increased prices. [More…]
The general policies embrace the whole of the mismanagement of the Australian economy. [More…]
That aspect- it is central not only to the rural community but to the whole economy and the whole community- is the impact which inflation is having on primary producers. [More…]
We did give a pledge and we are trying our best, given the circumstances of the economy, to carry through our pledges in that regard. [More…]
The Bill will also implement 2 earlier announced decisions designed to give relief in the private sector of the economy. [More…]
If honourable members want to weep for Australians, they do not talk about electoral redistribution; they talk about the high rate of unemployment in this nation and the substantial problems with the economy, particularly inflation. [More…]
If one wants 2 opinions about the economy one should ask one economist. [More…]
Finally, I personally am committed, inasmuch as it is possible to achieve it, to the free working of market forces in our economy. [More…]
I believe that certain rigidities are built into the economy and that when these forces are interfered with certain unfortunate consequences flow, whether it is in the primary, secondary or tertiary sectors of the economy. [More…]
All these figures indicate and are evidence of the massive degree of inflation that is taking place in the Australian economy at present. [More…]
-As a result of the large tax reductions announced in the Budget and in my statement on the economy in November last, the 1974-75 rates of tax are substantially lower than the 1973-74 rates. [More…]
Is he aware that at least 30 000 in total of the increase in State and local government employment is due to schemes such as the Regional Employment Development scheme and other employment-giving activities, schemes which the Government is using to try to cover up the mismanagement of the economy generally throughout the community? [More…]
No doubt in fiscal affairs and in the management of the economy it has already proved itself to be so. [More…]
The Commission, being the biggest single buyer in the Australian economy, acting on instructions of the Minister, could engage in totally unethical practices. [More…]
So much for the argument of the Prime Minister (Mr Whitlam), joined now by the Treasurer (Dr J. F. Cairns), that competition is good for the Australian economy. [More…]
In fact, there is such an enormous aggregation of power to the Commonwealth Government and the Purchasing Commission under this Bill that it could change the whole face of Australia and, in an economy which is on its knees, no longer would we say that the socialist program would be to soak the rich - [More…]
If this Government does to the National Estate what it has done to Fraser Island, to the Australian economy, to the rural industries, to the farmers and to the labour market, then the Australian people have reason for deep concern. [More…]
Thus there is reason to be concerned about the National Estate if the Whitlam Government continues to disrupt the Australian economy, fails to arrest inflation and unemployment and fails to stabilise the Australian economy to levels to which the Australian people became accustomed under successive LiberalCountry Party governments. [More…]
The export of wheat to Chile seriously affected the economy of this country. [More…]
Will you again entrust the nation’s economy to the men who deliberately but needlessly created Australia’s worst unemployment for 10 years, or to the same men who have presided over the worst inflation for 20 years? [More…]
Will you again entrust the nation’s economy to the men who deliberately but needlessly created Australia ‘s worst unemployment for 10 years - [More…]
If we take these factors into account, point out the Government’s mistakes, the question of the credibility of the Government and ask the people to examine the state of the economy and the Government’s foreign affairs policy, there is no doubt that the Labor Party will be removed from office at the next election, whenever that is, and the Opposition will be returned to government with a greatly increased majority. [More…]
This is an indication that there are other attractive competitive forms of investment in the economy. [More…]
I should also like to point out to the House that overall there are signs that the economy is strengthening. [More…]
I am not suggesting for a minute that it will be easy to restore the economy to a state of equilibrium. [More…]
One of the worst things which I think could happen would be for the recovery of the economy to take place at too rapid a rate. [More…]
This would be completely disastrous to the health of the economy. [More…]
On the other hand, one of the most disastrous effects which could be induced into the economy at present would be for members of the Opposition to go about in the most determined way, as the Leader of the Opposition seems to indicate is his intention, to try to destroy confidence when the early signs are there of a pick-up in the economy and a move towards a more healthy condition. [More…]
Adverse effects at the present time have longer term deleterious effects upon the performance of the Australian economy. [More…]
A reasonable rate of profit is proper in our society and indeed in any sort of economy. [More…]
Even in a centrally planned economy there must be surpluses which are diverted by command planning measures to reinvestment, to redistribution and to various other purposes. [More…]
If I may make the point in the friendliest manner possible, I think that, as spokesmen for the free enterprise system in our community, members of the Liberal and National Country Parties- especially the Liberal Party- are deplorably deficient in their advocacy of the role of profits and of the right to a respectable recognition of that role in our economy. [More…]
It is not only nonsense but also it is erosive to the confidence which is developing in the economy now. [More…]
Our present economic mess is graphic evidence that the Labor Government does not have a clue on how to manage the Austraiian economy or maintain full and secure employment. [More…]
For months the Government has been saying that by now the economy would be picking up and that unemployment would be on the way down. [More…]
The Government just does not understand how to manage the country’s economy. [More…]
The chairman is reported as saying that the whole situation has been brought about by the general economy rather than the tariff cut specifically. [More…]
All told, the grand total of more than $650m has been required this financial year to pay for the mismanagement of the economy by this Government. [More…]
The United States of America, which no one could accuse of having a socialist economy, has a level of unemployment that has now reached 8.9 per cent and threatens to reach 10 per cent before the year is out. [More…]
Canada- hardly a country with a socialist economy but in fact a country with the kind of economy that represents some of the thinking of the Liberal Party- has an unemployment level of 7.2 per cent. [More…]
Seriously, though, it must be the objective of any re-organisation of the Australian Post Office to investigate and ameliorate the circumstances which have given rise to a situation which would be farcical if it were not disastrous to the Australian public and to the Australian economy. [More…]
There may be a cut-back of services on the grounds of economy, particularly those services in rural and remote areas of Australia. [More…]
But is there an economy as a consequence of this move? [More…]
The Australian economy calls for a level of restraint by all sectors of the community. [More…]
They are also of great importance to the private sector of the economy and the State governments’ cost structure. [More…]
This is striking comment on the mismanagement of the economy. [More…]
Pensioners are one of the few groups in the economy without any economic bargaining power to raise their income share during inflation. [More…]
The first one relates to the quantity of money being pumped into the economy. [More…]
This scheme will pose significant problems for the private sector of the economy. [More…]
Without any doubt, it would be the most attractive scheme operating in this economy for a significant number of members of the work force. [More…]
At the same time to impose upon the private sector a requirement to compete with another major sector of the economy in a fashion such as is laid down in the provisions of this legislation I think is totally uncalled for in the present climate. [More…]
It is not just a single Minister involved, it is the Labor Party’s policies which are ruining the economy. [More…]
The Australian economy is facing one of the most critical times in the history of this nation. [More…]
Up to now we have seen no evidence that the Prime Minister understands the economy, let alone that he is prepared to do anything about it. [More…]
Unless the fiscal and monetary madness of this Government ceases, we will witness the complete breakdown of the economy and our system. [More…]
years later, we stand here in Parliament and we have to survey the economic disaster that has befallen this nation because we have a Government which has shown itself quite conclusively to be incapable of making difficult and rational decisions at times when any government elected by the people to control and manage the economy would expect such decisions to be made. [More…]
For at least the last 12 months we have emphasised to the Government that, unless it is prepared to make a significant attempt to reduce its extravagance and its expenditure, there is no solution to the problems facing the Australian economy. [More…]
The Government had in the previous months, a policy of encouraging unions and the Public Service to be a pacesetter, to set a new standard of determination of wage demands far in excess of the capacity of the economy to accept them. [More…]
But that fruit has now gone bad and the people of Australia at last have woken up to the fact that we cannot buy for example, better education simply by spending more money; we cannot buy all the other social welfare programs, which of course we want to have and which any government would want to give to the people, unless the people, through their taxation, are able to carry the cost and the economy is able to carry the expenses involved in such policies. [More…]
-We have just listened to another apoplectic sermon from the honourable member for Bradfield (Mr Connolly), one which we are getting fairly used to hearing from him and, indeed, from other members of the Opposition who get up in various debates to preach doom and gloom about the future of the economy. [More…]
I also want to address my remarks in this debate to the state of the economy and to suggest that members of the Opposition are closing their eyes to a number of factors which give reason for some optimism about recovery of the economy in the near future. [More…]
In fact, a number of indicators have come to light in the last month or so which show that the economy is moving out of the state of slump which it has gone through in the last 9 months or so and is about to move into a period of some substantial recovery. [More…]
So there is a strong upward growth in retail sales, which will have a very beneficial effect on the economy if it continues. [More…]
They have gone up every day this week on the Melbourne and Sydney stock exchanges, which shows that the share market recognises that the economy is on the improve and has not been listening too much to the honourable member for Bradfield. [More…]
I know that the Government has made a great mess of the economy and that unusual factors are in operation. [More…]
There was the retreat to protectionism during the 1961-1962 downturn in the Australian economy. [More…]
A pork barrel type of politics is not appropriate to the Australian economy, in which the industries with the least protection provide the greatest increase in employment. [More…]
In the 2Vi years during which I have been in the Parliament often I have been surprised that when we have an important debate on the economy- which after all is the most significant issue facing the Australian nation- on labour and employment, or even on foreign affairs, the Prime Minister does not choose to enter the debate. [More…]
Every morning he wakes up to disputes between Ministers, differences in approach between the left wing section and the right wing section of the Labor Party- whether it is on foreign policy, managing the economy, or on the question of mineral exploitation versus the environment. [More…]
But I repeat what I have said before: The real issue facing the Labor Government is not the matter of electoral redistribution but the matter of getting the economy back on the rails, of getting the nation moving ahead again, of creating full employment in Australia, of creating confidence in the community generally and of bringing back a spirit of incentive throughout the Australian community. [More…]
What the country will wish to debate, what it will wish to arbitrate on and what, indeed, it will arbitrate on, is the state of the economy, the management of the nation’s financial affairs by the Labor Government. [More…]
If the Government could manage the economy without inflicting such enormous harm and damage on so many Australians, it would not have to resort to every tactic in the book in order to try to force changes in the electoral laws to help the Labor Party. [More…]
The real issues before this country at the moment are the economy and the high rate of unemployment. [More…]
After they ran out of arguments they switched to talking about the economy, a double dissolution and an imaginary split in the Australian Labor Party- all to no avail. [More…]
The proportion of raw materials and resources supplied to her by Australia is so high that without it Japan’s economy would not be viable. [More…]
The economies of Australia and Japan are so interrelated that any adverse movement in the Japanese economy will be reflected in Australia. [More…]
The policies pursued by this Government as regards the export of certain vital resources to Japan threaten to affect the continued stability of Japanese industry and the Japanese economy. [More…]
The adverse effects on Japan’s economy which such action would cause have serious implications for Australia. [More…]
Japan is one of the main strengths of the Western economy. [More…]
By undermining the Japanese economy, the whole Western economy would be placed in jeopardy. [More…]
Anyone who looks at any of the Government’s activitieswhether they be in the field of employment, the control of inflation, defence, the effective management of our economy, open government, our international relations or a dozen and one other bills or administrative actions- is forced to come to the conclusion that the Government does not know how to administer the country; that it does not know the kind of laws that the people of this country want and need; and that it does not know of the aspiration of the people of this country and their desire to be left alone. [More…]
Co-operative federalism implies an end to ad hoc or piecemeal decision-making and a start to national planning for the environment, for the cities, for the country and for our economy. [More…]
It tells the story of a government that is unable to manage what was once a strong economy. [More…]
No one will accept that we ought to go on as we are going, because it is imposing on the exporter and the importer- on the economy as a whole- a burden that no one should be asked to carry. [More…]
As you will be aware, Mr Speaker, building at the present time is subject to inflation as much or more than any area of the economy. [More…]
Did the Minister not clearly state in a number of letters some time ago that he considers that no government is justified in providing for its own employees benefits which it is beyond the capacity of the economy to provide for Australians generally? [More…]
We have the economy in absolute unmanageable chaos, drifting around like a rudderless ship. [More…]
But the need has arisen only because of the quite impossible policies of the present Government It is the policies of the present Government in relation to the total Australian economy and in relation to the State of Tasmania which have made this legislation necessary at this time. [More…]
The then Treasurer issued in this House a very positive statement- a good, tough statement- on the economy, but there were no measures at the end of it. [More…]
It is no good sacking one Treasurer and proposing to sack another in order to bring in a third- three in 12 months, if that is what it is to be- and trying to pretend to the people of Australia that the ills of the economy are past. [More…]
For pump priming through deficit financing to be successful there must be some stability in the economy, there must be at the worst a very modest level of inflation, there must be relative stability in wage rates, there must be confidence in the future and there must be the circumstances in which industries, small and large, can and will invest in the future of Australia. [More…]
The Government has played politics with the economy. [More…]
The Government says that it has to look at the economy on a continuous basis. [More…]
If there was any stability in the economy and if the Government had a capacity to plan ahead and to understand, it could have had, as the previous Government had, one Budget in a year, and people would know what the situation would be for the rest of the year, companies could plan ahead and companies could invest. [More…]
More often than not the Minister for Labor and Immigration has been right in a number of things he has said about the economy and growing unemployment. [More…]
A coherent plan to rehabilitate the Australian economy would involve a cut in Government spending. [More…]
There can be no confidence in the present Government’s ability to achieve stability and sense in the Australian economy because of the infamous record of this Government; the record that leads to the kind of special measures which are necessary to paper over the cracks which we see at the present time, namely record inflation and unemployment, low levels of housing construction, high interest rates, record and growing Government deficits - [More…]
I make the point to the honourable gentleman that this is not a debate on the general economy. [More…]
Quite specifically I think that the Government’s failures are more significant for Tasmania than for the rest of the Australian economy because of the difficulties of transport between Tasmania and the other States of Australia. [More…]
The Opposition fails to recognise the vital contribution that APPM makes to the Tasmanian economy. [More…]
This was highlighted in a recent report which was compiled by economists from John Paterson Urban Systems Pty Ltd and which shows that the APPM group contributes more than $40m a year to the economy of Tasmania. [More…]
When examined in the context of the Tasmanian State economy, and of particular regional economies within the State, the APPM operations assume far larger dimensions and become a vital component contributing in a highly significant way to the current and future welfares of those economies. [More…]
Secondly, a case can be made that the APPM company has been more clearly a victim of the Government’s mishandling of the economy than most. [More…]
My first point in that respect, is that the Government has to put its mind to the overall issue of achieving a well ordered economy. [More…]
-The Minister interjects that it had nothing to do with the state of the economy. [More…]
I ask the Treasurer: Does he see any increase or upturn in activity in the economy? [More…]
How does he see the economy at present in relation to the performance of the Australian economy since the Government took office? [More…]
There are increases in the rates of private investment in the basic parts of the economy and there is every sign that the fundamental strength of the economy, which is revealed from the figures of the last 2 years, in now beginning to show effect. [More…]
In that 2-year period, as the figures have indicated, the performance of the Australian economy was better, and significantly better, than that of any comparable country, and it provides the basis for a re-assertion of business confidence. [More…]
The evidence suggests now that investment and demand are on the way up, and there is no reason whatever why the economy should not proceed into a period of expansion. [More…]
I have often heard people say that the Treasurer is deliberately getting the economy into a mess so as to bring about what he calls a change in the system. [More…]
The economic growth and well-being of the Australian economy are directly linked to its ability to sustain continued development of its overseas trade- two-way trade, both imports and exports. [More…]
The failure of the Government to maintain the growth in the productive capacity of the economy- particularly the installation of modern plant and equipment- will be felt for many years to come. [More…]
It is an approach which will jeopardise the long run growth potential of the economy. [More…]
In the Minister’s speech there is an understandable sheepish economy of words, hopefully uttered in the expectation that no one will notice. [More…]
An economy of words it is, but I wish that the Government could practice some other economies that we so desperately need. [More…]
AU that the Minister so modestly and demurely mutters is that the legislation is ‘designed to give relief in the private sector of the economy’ and that ‘it is one of a package of measures that the Treasurer announced on 28 January to assist the motor vehicle industry’. [More…]
The whole economy of South Australia is very largely involved in the automotive industry and in the wine and brandy industry. [More…]
I point out that although it is a very difficult time for the beef industry at present, under normal market conditions the beef industry is very important to the Australian economy. [More…]
The whole decision malting process of the parliamentary Labor Party on the wool support price emphasises the scant importance it attaches to the primary producers and to the whole of the rural economy. [More…]
There are other sectors of our economy which are also subject to these problems. [More…]
While such a leak should not have occurred, it was probably in the best interests of the Government, the wool industry, the national economy and certainly in the best interests of those in the Labor Party who could see it as a crazy decision. [More…]
The struggle was due to 2 differing philosophies within the industrythose who sought a free trade economy without government involvement, and those who gave up the fight against tariff reform and sought some protection or government involvement. [More…]
They saw this monster wool stockpile as being a threat to the Australian economy, and the pressures that were brought upon the Government of that day were absolutely unbelievable. [More…]
The Australian wool industry still is one of the most important industries to the economy of Australia. [More…]
It is an industry that generates great wealth and provides overseas revenue that is necessary for the internal growth of this economy. [More…]
Perhaps the most significant problem would be the Federal Government’s lack of appreciation and understanding of the plight of the farmers and the effect they are having on the country’s economy. [More…]
Perhaps only now, a consumer-led upturn in the economy is beginning. [More…]
The doctrinaire pursuit of the ‘efficiency’ criterion and of a changed industry structure will blunt, and already has done so, the growth performance of the economy. [More…]
It is one among a variety of factors contributing to the stagnation of private investment which is at the core of the present malaise of the Australian economy. [More…]
The 25 per cent tariff cut is blamed far too much for the ills that are afflicting the economy. [More…]
I am hoping that we will have a system whereby it is done in gradual steps, little steps each few days or each week, so that we get a gradual adjustment of the economy to the changing circumstances of the trade balance problem. [More…]
Too often, I do not think any political party realises that much of this country’s economy is based on small enterprise, small farms and a myriad of small unions and that all these people are not sufficiently represented politically. [More…]
It is of significant value to our total economy and its viability is imperative for balanced development. [More…]
Next year the amount will be higher just because of the natural and unavoidable- not that we want to avoid it- demand that comes from movement in indices in the economy. [More…]
This is very much a time to keep those achievements in mind, to put the record in perspective, to reflect on the basic strength and prosperity of the nation, the underlying strength of the economy, the real gains we have made in social reform and social justice and in the living standards of the Australian people. [More…]
We can, however, take heart from signs of improvement already apparent in the economy. [More…]
Private investment in the basic areas of the economy is rising. [More…]
One of the themes of all our reforms has been to assert the principle of competition- free and fair competition in a mixed economy, productive competition between private and public enterprise. [More…]
The figure of 63 000 needs to be added to the actual figure because those people are hidden in the Regional Employment Development program and other programs of assistance and special retraining programs that would not have been in operation if there had been a normal healthy economy. [More…]
He said that with reason and goodwill these things will bring sense into the economy. [More…]
I refer to inflation; unemployment; housing; interest rates; the Government deficit; the private sector of the economy on its knees; industrial unrest; the ad hocery of the Budget- 4 budgets in one year; two or three Treasurersanother excuse for the Prime Minister; the lack of credibility; the incompetence; the $2,000m loan- the full story about which has still not been told; the difficulties over the wool price arrangements; the lack of support for Greenvale- the great nickel project which has been brought to its knees because of policies of this Government; and today, last week, this week and probably next week, the Ministry in chaos. [More…]
-The Opposition is concerned at this time when inflation is rife, when the economy is in a very serious situation, when the Parliament is about to adjourn and the Budget is about to be prepared, that the members of the Parliament should embark on an exercise which the community might feel will lead to the immediate expenditure of large sums of money to replace this building known as Parliament House. [More…]
The Committee endorsed the provision for car parking proposed; concluded that the site selected was suitable; and recommended the construction of the work in the reference, preferably, for reasons of economy, as one continuing project rather than in two stages. [More…]
We saw one opportunity to counter these temporary short-term pressures on our economy and energy sources, while at the same time reaping long-term benefits of enduring significance to Australia. [More…]
Why was the impact of the funds on the Australian economy utterly ignored? [More…]
Did the junta of four receive advice of the likely impact of the loan on the Australian economy? [More…]
Was advice sought or received on the likely impact of the loan on the Australian economy? [More…]
Today they are bewildered and lack plans to correct the distortion in the world economy. [More…]
This economy alone would have aggregated in 7 years the total projected loan. [More…]
The orthodox objections that such funds could cause distortion if admitted into the Australian economy were answered by my proposal to domicile such funds in the United States, invested in approved securities in. [More…]
It is a conspiracy which has placed Australia’s economy and its international financial standing at serious risk, a conspiracy which has involved gross ministerial incompetence, the taint of scandal, and a conspiracy which has in the process threatened the democratic system in this country. [More…]
The energy crisis internationally had only a limited impact on the Australian economy. [More…]
What would be the impact on the economy of bringing $2,000m into Australia? [More…]
He is going to reinvest it in New York so that it does not have any effect on our economy at the moment because of the inflationary pressures. [More…]
It is said they were too large- that they would distort and destabilise the economy if either amount had been negotiated. [More…]
That would be perfectly true if the loan money had come directly to Australia and had been fed into the economy. [More…]
In the face of the tempo and the quality of the Opposition’s public comments on these matters in that period, I suggest it is evidence of the continued strength and resilience of the Australian economy and of our credit worthiness that we were nonetheless able to retain our triple A rating. [More…]
In the end what the Government borrows overseas needs to be determined in the light of the basic needs of the economy. [More…]
Additionally, the company declares that the results of the industrial research and development undertaken by the company relating to activities specified will be exploited on normal commercial terms and otherwise in a manner that will be for the benefit of the Australian economy. [More…]
The fact of the matter is that the economy has been through a period of downturn in the same way as similar economies in western Europe, North America and Japan have gone through a downturn. [More…]
Unusually in the second half of last financial year there was a substantial increase in Government outlays consciously injected into the economy for the purpose of supporting the private sector. [More…]
The fact of the matter is that the Opposition has decided that, having regard to all of the implications for the Australian economy at the present time, the stand it has taken is a reasonable one. [More…]
When one talks about travelling economy class and equality, does it mean that as members of Parliament we are all to travel VIP? [More…]
Does it mean that the Prime Minister also will travel economy class? [More…]
Meanwhile, unless appropriate economic measures are adopted now, the hopeful signs in the economy could prove illusory, and inflation could take off again from its already high level, to a thoroughly destructive effect. [More…]
Because of the structure of our mixed economy, where three out of four jobs are in the private sector, there are firm limits on how far the public sector should be stimulated in this recovery phase. [More…]
In February 1972, Ansett Airlines and TAA agreed to set aside groups of seats in both first class and economy class compartments for non-smokers, who might ask to be seated in these areas when seats were being allocated prior to the departure of the flight. [More…]
In this regard, non-smokers are now provided with 27 seats on DC-9 aircraft, 30 seats on B727-100 aircraft and 36 seats on Boeing 727-200 aircraft, the number of seats being proportionate between first class and economy class compartments. [More…]
Federal Ministers have been told how to beat the discomfort of economy travel. [More…]
But senior public servants are hopping mad over the suggestion for Ministers to veto the Government’s economy class travel ruling this way. [More…]
Mr Daly opposed last night’s Caucus decision that all members of Parliament and public servants must forego first class privileges and fly economy. [More…]
On the one hand- as if to hold itself up as a wecansuffertoo example to the public it has squeezed for nearly three years- the Labor Government has loudly proclaimed it will show restraint by making all Federal politicians and public servants fly economy. [More…]
Economy seating is so cramped, he says, that Ministers could not be expected to arrive ‘ bright and alert. ‘ [More…]
In doing so, of course, it is quite reckless in its attitude towards the needs of the private sector of the Australian economy. [More…]
If anyone wants examples of how overseas investment can build a country let them not forget to look at the way the American economy was built up on the basis of overseas capital, technology, access to markets and capital formation. [More…]
In fact we now have a net loss of over $ 100m leaving Australia because of the economic situation which we all know only too well has been the responsibility of a government which has initiated policies which are irresponsible and have not taken into account the true situation of the Australian economy. [More…]
The effect which that had in the following months on the rate of overseas investment was also a contributory factor to the very major downturn in the Australian economy which we have seen take place since then. [More…]
One of the major difficulties we are facing as a result of Government policies is that the downturn in the economy is now having serious ramifications at all levels. [More…]
Foreign investment, as other speakers have pointed out, has made a very valuable contribution to the growth, efficiency and diversification of the Australian economy. [More…]
Of course there is a need to ensure that foreign investment is available to the sectors of the Australian economy where it is required in the national interest, and that the terms upon which foreign investment comes into this country are equitable and give a reasonable return both to the investor and to Australian business. [More…]
I find that rather puzzling because if honourable members opposite were successful in sowing discord and pessimism in the community- that is their purpose because they have only one objective in mind and that is to try to undermine confidence in the community so that hopefully they can capitalise on that for a very narrow, very short time, and very selfish political purposes- then the corporate sector of the Australian economy would suffer more seriously than any other sector. [More…]
We reject enforced equality in the work place, in the economy, in education. [More…]
He says the Liberals reject enforced equality in the workplace, in the economy and in education. [More…]
He is going to rid Australia, on the one hand, of equality and on the other hand he says he rejects enforced equality in the workplace, in the economy and in education. [More…]
Honourable members opposite talk about what will happen in 1988 but I point out that very few of us, travelling economy class, will be here to put up with it. [More…]
We do not have much capacity to defend ourselves, but as it happens we are a nation which has immense riches within its borders, a nation whose minerals and food may well be important to the economy of Asia. [More…]
Contrary to some newspaper reports, he did not speak in Caucus on this subject at all and he voted in favour of economy travel for members of Parliament and public servants. [More…]
The June quarter national income and expenditure estimates certainly show some signs of strengthening activity in the economy. [More…]
I have no doubt that the Deputy Prime Minister was expressing a personal considered judgment about the role of insurance organisations as financial institutions in the Australian economy. [More…]
The plain fact is that we no longer have any real choice, the Australian economy now faces a highly dangerous situation. [More…]
The Treasurer claims to have detected a fragile recovery in the economy. [More…]
This is an unambiguous approach which would rely on substance and not a fragile psychology to revive the economy and get unemployment down. [More…]
The economy will not be brought under control by a policy of economic neutrality. [More…]
Government spending is not accelerating at the mad rate of last year, but the rate of increase is still far too fast for the Australian economy. [More…]
The House condemns the Budget because it does not provide an adequate program to defeat inflation and relieve unemployment nor does it restore confidence in the private sector of the economy. [More…]
The Budget has great deficiencies and it fails to deal adequately with 2 major problems facing the economy. [More…]
The private sector is still the employer of three-quarters of the workforce in Australia and is the only sector in the economy with the capacity to create full employment. [More…]
The criticisms by the Organisation for Economic Co-operation and Development- that prestigious international economic body- of the Australian economy released about 2 weeks ago, of course, were based on information supplied by our own Treasury. [More…]
There has been a consensus that benefits should be provided for the private sector of the economy, and the Treasurer has reduced company tax by 2Vi per cent or $120m and extended and expanded the double depreciation allowance while, as the Melbourne Age pointed out in Thursday’s leading article: [More…]
Tonight the success of the Budget strategy, and through it the health of the economy as a whole, rests with the groups the Treasurer addressed last Tuesday when he said: [More…]
If there is an equal commitment in the community to play its part in steering the economy back to a firmer footing we shall be able to overcome any such temporary problems. [More…]
Let us examine these proposals which the Leader of the Opposition feels he must condemn even if it means bringing down the economy around the ears of the entire Australian community. [More…]
I was hopeful that some measures would be taken to create productivity, to create employment and gradually to reduce the inflationary pressures on the economy. [More…]
Many current characteristics of the Australian economy are very similar to those present in most Western type economies and to a considerable degree our present economic situation has been directly or indirectly influenced by international factors. [More…]
When that huge inflow of money was allowed into the economy the rot started. [More…]
We did expect at least the Leader of the Opposition to give us a clear and concise statement on how he would run the economy if honourable members opposite were in government. [More…]
Mr S. W. G. Burston, President of the Graziers’ Association of Victoria, made a statement and was reported in these terms: ‘Relegation of rural industries to such a low position on the Budget list reflects the Federal Government’s complete disregard for the importance of the national economy,’ he said. [More…]
The imposition by the Government of an export levy will have a major effect upon the present coal industry, which is one of the few Australian exporting industries which still remains viable despite 2lA years of chaotic and disastrous mismanagement of the economy of this country. [More…]
I do not know how an island with and island economy, which is as isolated as Tasmania is and with a populaton of under 400 000, can continue meeting this type of freight rise. [More…]
The Government has wrecked the Tasmanian economy. [More…]
The Minister is responsible for wrecking the Tasmanian economy, and there is not even a blush on his face. [More…]
The honourable member/or Braddon (Mr Davies) and the honourable member for Wilmot (Mr Duthie) described the increase in south bound freight rates as a king hit at Tasmania’s economy. [More…]
But the fact is that financing the deficit is of enormous consequence to the Australian economy. [More…]
If there is a balance between the 2 positions which the Treasurer considers to be appropriate to the needs of the economy during the course of the next 12 months, let him or the Minister acting on his behalf say so in clear and proper terms. [More…]
2 on the Budget and the economy. [More…]
The general stance of monetary policy will remain such that the liquidity of the banking system is sufficient to meet the basic immediate needs of the economy for finance without being fully accommodating to inflationary demands. [More…]
We are aware that in finding the money to balance that deficit the Government could let loose other forces in the economy such as a rise in interest rates, which would go right through the community. [More…]
As the year goes on all kinds of variations in the economy occur which require a differing monetary policy from time to time. [More…]
So the way in which a government would finance a deficit would be dictated by the requirements of the economy. [More…]
When I say ‘the private sector I refer to the nongovernment sector of the economy, Australian businesses small and large throughout this land. [More…]
The chickens would have come home to roost with a vengeance but this time in the form of vultures waiting for the economy to die. [More…]
We have recognised that there are some early signs of recovery in the economy. [More…]
We are not just seeing increasing prices and a stagnant economy; we are seeing increasing prices and an economy whose activity is receding. [More…]
I am concerned not so much with the cutting back of public expenditure as with an increase in assistance to private enterprise because such assistance is necessary to give the Australian economy the forward drive which has characterised our past history. [More…]
I believe we should have an attack on all these charges as part of a plan to reduce costs, to reduce inflation and to get the economy going again. [More…]
I believe that as soon as the economy recovers we should go from a deficit to a surplus and we should once again go back to normal financing. [More…]
Stripped of aU the rhetoric, I suppose that a lot of what we are talking about today is whether there should be a little more Government involvement in the economy or a little less. [More…]
I believe that the economy of nearly every town or suburb in this nation is composed basically of small businesses. [More…]
We probably have too many of them but they are a very real factor in the health of Australia’s economy. [More…]
We can speculate as to what sort of mess the Opposition would have had the economy in now if we take some of its previous statements into consideration. [More…]
The Opposition fails to realise that the economy has changed world wide, that we are not dealing with some of the certainties we were dealing with through the 1960s. [More…]
There are many imbalances in an economy such as ours now. [More…]
The choices facing us are, on the one hand, to revitalise and strengthen our free enterprise economy after seeing it bashed and belted for the last 2Vi years or, on the other hand, to succumb to the dispiriting, deadening philosophy of socialism. [More…]
The Opposition parties are determined to encourage and re-activate the private sector by redirecting more government finances back into this all important productive part of the economy. [More…]
In fact the Treasury itself, in its Annual Review of the Economy states: [More…]
The productive section of the economy must be brought back into full production. [More…]
We will’ not see any decrease in the rate of inflation or improvement in the economy until the size of the public sector is cut back. [More…]
It is the private sector of the economy which provides three-quarters of the jobs in Australia. [More…]
One of the few bright spots in the entire economy- the coal industry- has been dealt a cruel blow by the imposition of a new levy on coal exports. [More…]
However, the coal industry is one of the few areas in which some real investment and expansion could take place, providing an impetus to the economy and creating new jobs. [More…]
The real issue in this problem that we have is the difficulty of controlling the economy because of the problems that have been foisted upon us by the Opposition. [More…]
-The Leader of the Opposition (Mr Malcolm Fraser) and other senior members of the Opposition have analysed in detail the failure of this Budget to give the necessary stimulus to the private sector of the economy. [More…]
They have put forward a program which would revive the economy, reduce inflation and restore the employment picture. [More…]
Despite warnings from virtually every sector in the economy and every organ of opinion including the Australian Council of Trade Unions and left wing economists such as Mr Wheelwright, the Government has pursued its own pet theories to the detriment of the private sector and therefore the economy as a whole. [More…]
When he presented last year’s Budget it was felt generally that the honourable member for Lalor, Dr J. F. Cairns, had largely written the Budget and we now know that that Budget failed to grapple with the real problems of the economy. [More…]
All the time however, the Government has been determined to gain control of key sectors in the economy in order to pursue its brand of socialism. [More…]
At first the Government was given the benefit of the doubt and was described as incompetent but now it must be said that not even this Government is so incompetent that it can express support for the private sector, analyse the problems in the economy fairly accurately and still not take any genuine action to rectify these problems. [More…]
Such a government is not merely incompetent but is stubbornly determined to destroy the large companies- both Australian and overseas owned- upon which our economy is dependent. [More…]
Debates in this Parliament have referred to the damage done to the mining and transport industries and the changing policies of this Government towards the automotive industry and its component parts industry/There has also been much discussion and criticism of other sectors of the economy, such as those affected by the 2 airlines agreement, which have been the subject of the Government’s prejudices. [More…]
After this Budget no one in industry, whether large, medium or small, can doubt that the Government is hostile to industry and does not intend to adopt policies which will assist industry to restore the economy to its proper state of health. [More…]
Private enterprise controls the bulk of the Australian economy. [More…]
Editorials, letters to the editor and Opposition propaganda endlessly hammer the theme that Australia has had it, that it is a disaster area, that things have never been worse, that the economy is in a tailspin and that confidence is nil. [More…]
The Government wants private enterprise to play its rightful place in the economy- not to sulk but to get to work and do something instead of standing on the sidelines grizzling, which is aU it seems to be doing. [More…]
I suspect that the Government will continue to mismanage the economy and that the waiting time could be extended even further. [More…]
A return to that situation is contrary to the best interests of the economy as a whole and all persons concerned with home ownership. [More…]
In a weak attempt to reveal a strong and determined approach to coming to grips with excessive government expenditure the Prime Minister decided that his supporters would travel economy class. [More…]
Have the VIP aircraft been downgraded to economy class? [More…]
There would be hardly a household in Australia whose domestic economy is not in deficit. [More…]
Meanwhile, unless appropriate economic measures are adopted now, the hopeful signs in the economy could prove illusory, and inflation could take off again from its already high level, to a thoroughly destructive effect. [More…]
Because of the United States ‘ predominant position in the world’s economy, this inflation was transported to the rest of the world. [More…]
If we consult the figures on employment for wage and salary earners which were released a day or two ago we see that they immediately give the compass direction in which any government should try to steer the economy. [More…]
The only private enterprise sector of the Australian economy which over the past year increased even modestly its capacity to provide employment- I think this is a reflection on the Government- was the area of amusements, hotels and personal services. [More…]
It is the context which drives people to say immediately that what is required in the economy is a resuscitation of private enterprise. [More…]
It is these transfers which philosophically lie at the heart of the difference between the Government’s approach and the approach taken by those on this side of the House to the Australian economy. [More…]
But they must be retained within an economy which is developing and which is able to provide employment for people running their own affairs in their own households. [More…]
That is the difference between a socialist economy and an economy which has some sense of social justice. [More…]
Figures given here earlier today and calculations made by the honourable member for Mackellar (Mr Wentworth) indicate quite clearly that the real burden of taxation will increase but within a declining situation, within an economy which had substantially fewer people in work at the end of the last financial year than it had at the beginning of the financial year, the position of households will improve. [More…]
The fault is that that will occur and will continue to occur within a declining economy. [More…]
That economy will not be resuscitated unless private enterprise is the means of resuscitating it. [More…]
What is happening in Australia today is simply that there is between $2,000m and $3,000m-probably more- of productive capacity not being used because the economy is not being organised correctly. [More…]
In making that calculation one must realise that within that amount there is either $l,100m or $l,700m of wages, salaries and supplements not able to be paid within the economy which is working so far below capacity, and there are tens of thousands of people not working because the economy is $2,000m to $3,000m below capacity. [More…]
The prime and overriding requirement in an economy of that nature is not to put forward facetious and meaningless arguments about the financing of a Budget deficit or the size of the Government sector within which the Budget deficit occurs, but to see that private enterprise works so that that gap can be made up. [More…]
That is an over-simplified example but it is a very clear example and a very appropriate example to bear in mind when one sees what is not happening within the economy and when one looks to see where the shortfall is occurring. [More…]
The real transfers within the Australian economy have occurred not so much from private or public corporations to government but from private households to government. [More…]
They are the 2 ultimate points in an economy that have to be considered. [More…]
I think this is very important in the community because many of the disadvantages that have occurred in the economy are self-imposed and irrational. [More…]
It is unfair of the Opposition, if it really believes in trying to fix the economy of this country, which I suggest is in the interests of members from both sides of the House, to goad the unions into asking for higher wage increases by telling them that they are not getting tax indexation because, to a large extent, they are getting tax indexation. [More…]
In the build-up to the Budget we were led to believe that the Treasurer would present a responsible Budget and that the Government at last had realised that its reckless economic POliCY was ruining the economy of this country and that at last the Labor Government had decided, at whatever cost it might be to them politically, to introduce a responsible Budget. [More…]
It is indeed a very disappointing Budget for those who have looked to a restructuring and a recovery of the economy of this country to the benefit of everybody who lives within its boundaries. [More…]
It certainly Will more than hold the level of unemployment which will certainly increase as the effect of this Budget is felt throughout the economy. [More…]
It Will certainly hold the rate of inflation, which also will increase as funds have to be injected into the economy, as was the case last year, to make up for the increasing level of deficit. [More…]
I believe that the people who have so mismanaged the Australian economy over recent years will receive the justice they deserve. [More…]
This Prime Minister apparently has no intention of coming clean with the facts on any matter involving the economy of this nation. [More…]
I refer here, of course, to the bedevilling problem in the economy at present for the small business community. [More…]
We say that we will cut out uranium exploration, cut back urban and regional development, wind back national capital expenditure and abolish the Australian Government Insurance Corporation, which if it ever comes to life will destroy this economy and will open up the way for an authoritarian form of government. [More…]
We have said that we agree with the fundamental analysis of the basic economy by the Government. [More…]
The Labor Party’s proposals do not give any incentive to the private sector of the economy, which includes producers and commerce generally. [More…]
Not only would this sort of action be of substantial help to the Papua New Guinea economy, but it would draw the 2 nations even closer together. [More…]
It is a country which must be developed not only on a premise of providing help for those who as civil servants are to be given a golden handshake; it must also be given genuine aid to ensure that it can develop into a stable economy and can maintain and play its own role in this world in which geographically we are both going to continue to be important members. [More…]
I believe that the kindest thing that can be said about the Budget is that there appeared to be some acceptance and recognition by the Treasurer (Mr Hayden) of the fact that under the economic policies of this Government over the previous 12 months the economy of Australia was heading for disaster. [More…]
Small businesses are vital to our national economy and especially to the private enterprise section of that economy which provides some 75 per cent of the employment opportunities in Australia. [More…]
With this rate of pushing money into the economy, it had to be expected that consumer spending would rise. [More…]
The mix should have been fiscal measures of tax relief and incentives, accompanied by tight control over spending in the Budget, a monetary policy holding down the growth of the money available to the economy so as not to feed inflation- both supplemented by Government determination to hold all wage increases within the principles of the indexation decision of 30 April of the Conciliation and Arbitration Commission- and giving leadership in resisting any claims pressed by sheer industrial strength. [More…]
There ought to have been no real growth- that is growth in constant money terms- in government spending this year to enable the private sector to benefit from any real growth in the economy. [More…]
By neglecting the investment problem and by neglecting the Mathews Committee report, this Budget will impose significant costs on the Australian economy which will have to be borne in coming years. [More…]
It has been demonstrated beyond any doubt that an economy cannot be managed by reliance on monetary policies. [More…]
The impact on the economy will be massive and no amount of talking will change that. [More…]
Our idealism will be best reached by building a more successful community and economy. [More…]
It is a compromise between accelerating government expenditure which feeds inflation, and a sharp tightening up in government spending, which would dislocate the economy. [More…]
We have accepted a happy compromise in the interests of” promoting growth in the economy and recovery in the private sector. [More…]
I would argue- I think that most people on this side of the House would agree- that that was too much, that the economy could not stand a switch of 6 per cent in the proportion of gross domestic product going to government outlays. [More…]
The fact is that the economy took that shock and the outlays moved up from about 20 per cent to 30.5 per cent. [More…]
In fact, he is advocating 19th century American laissez-faire economics, the economics of Ayn Rand and the like, the economics of the open economy, in which there is no protection for the individual who is not able to get out and fight and struggle. [More…]
He says that he rejects enforced equality in the economy. [More…]
It is a compromise between competing loyalties- our loyalties to the welfare of the people and our concern for the economy. [More…]
It is shame-faced enough to do almost anything, but it should not knock over a Budget which has reduced the deficit to about $2,000m in line with what the debate on the economy in Australia was all about. [More…]
I think it is a very reasonable attempt on the part of the Government to come up with the right solution for the economy at this point in Australia ‘s history. [More…]
When the Whitlam Government came to office in 1 972 it inherited what most people believed was a sound economy. [More…]
It is obvious that the Budget will do little to solve the economy’s 3 major problems of inflation, lack of business confidence and unemployment. [More…]
One cannot help but feel that the expenditure of $1.2 5 m on the painting ‘Blue Poles’ which is supposed to be flaking; the expenditure of $100,000 to Germaine Greer to make a film on sex or some other topic which I understand will not even be made in Australia; the expenditure of $ 1,400m on Medibank; and the expenditure on the nationalisation of the Gidgealpa pipeline need not have taken place at this time when the economy is in the state to which this Government has brought it. [More…]
He called for income taxes to be cut by $500m and advocated tax benefits to business to stimulate the economy and reduce unemployment. [More…]
The Government had desired on the one hand to maintain its program to increase social welfare and on the other hand to meet the urgent need to curb inflation and unemployment and at the same time to stabilise the economy. [More…]
They are sceptical about the faith that has been put in the disparate and amorphous group called private enterprise to pick up the slack in this economy. [More…]
The changes in personal income tax and the obvious multiplier effect in the economy will stimulate business further. [More…]
It is apparently not enough that education and social spending has a multiplier effect on the economy. [More…]
It is not enough that education expenditure guarantees a rosy future for a vast number of industries in this economy, from the building field down. [More…]
They should also remember that the plight of the small business in this economy depends on the big fellow ‘s response to this Budget. [More…]
The opportunity cost of the Budget cutting back the only growth area in the economy- the public sector- without the slack being taken up is immense. [More…]
The Government’s activity in this economy need not be seen as damaging to business, but rather it must be accepted that legislators now have an increased role in order to eliminate injustice and poverty and provide for the future of this nation. [More…]
These people see the need for a shift of resources from private to public areas and as a consequence government in this society and economy has changed. [More…]
The alternative is socialism, under which the whims and fancies of the too greedy and the too elitist in the economy are eliminated. [More…]
They sapped the initiative of the strong, thus badly damaging the economy to the great cost of its weakest members, and meanwhile very nearly ignored the needy. [More…]
It was set up to look at the economy not with a broad brush approach, as the Treasury does, or with what is called the macro-approach, but in more detail. [More…]
He was honest enough to say to the people that unless we are prepared to be courageous enough to make a significant contribution to the recovery of the private sector- the sector of our economy which the Treasurer recognises is essential to our economic health- then economic recovery is simply not going to be achieved. [More…]
However, I should point out that if one is ill- there is no doubt that our economy is ill at the present time- some medicine must be taken to cure that illness. [More…]
I shall make a few comments in regard to the general state of the economy. [More…]
It is true to say that one of the greatest problems in the economy at the present time is a lack of confidence in the community. [More…]
How often does one read the banner headlines in the metropolitan Press: ‘Australian Unemployment up; 500 000 Unemployed by Christmas’; ‘Downturn in the Economy’; ‘Harder times ahead’. [More…]
Another cause for concern in the economy is the downward trend in the overall demand for consumer credit. [More…]
If they succeed, which they will not, they could wreck the economy. [More…]
The Press has succeeded in one thing- it has destroyed, or is on the way to destroying, the economy of the country but it will never get rid of this Government. [More…]
The fatal quarter was the March 1975 quarter when the Press was really hammering us and the economy. [More…]
Stop the carping criticism and allow the Australian economy to right itself for the benefit of all Australians. [More…]
As well, we will examine means of assisting farmers in the lower profit dairying regions and so allow them to improve the economy of their operations. [More…]
Not only will the industry benefit but the economy as a whole will benefit, in particular in the depressed areas in northern New South Wales and southern Queensland, where a great deal could have been done in the past had there been a more intelligent- I deliberately use the word ‘intelligent’- direction of such moneys into the industry. [More…]
Therefore it is not concerned with one of the greatest contributing factors to Australia’s economy. [More…]
Is he further aware that the main reason for this disaster to the Australian economy is the Government’s unsympathetic and, indeed, hostile policy towards successful business operation, especially small businesses? [More…]
The increases in certain indirect taxes will aggravate the forces of cost inflation, which is the current problem in the Australian economy. [More…]
Truly Australia’s economy has been mismanaged under Labor. [More…]
Fancy crippling an industry which has been a bright light in the development of Australia, a bright light in our economy and a bright light in our export income. [More…]
The modern economy is self-destructive because it is propelled by a frenzy of greed and an orgy of envy. [More…]
It is a masterpiece of technical skill resulting in a balance between the conflicting objectives needed to guide a sensitive economy responsive to the human as well as the economic needs of the community. [More…]
This is the reason why we have the absurd contradiction of an Opposition and business lobby calling itself free enterprise, condemning this Government because it has removed some of the props that insulate the economy from competition. [More…]
At the same time, Opposition prophets of doom, in collaboration with thenfriends in the media, deliberately continue to sabotage confidence in the private sector of the Australian economy. [More…]
Mr Fraser pledges the Liberals to reject ‘enforced equality in the work place, in the economy, in education’. [More…]
He apparently cannot recognise the problems that are facing the Australian economy or the mess that we are in. [More…]
Let me remind Australians that at the end of 1972 the economy was sound and buoyant, the inflation rate was below 5 per cent and employment opportunities were opening up for many Australians. [More…]
Will Australians forget the across the board tariff cuts which were so damaging to the economy? [More…]
It was obvious that there were stresses in the economy and restraint was needed. [More…]
Is it any surprise that within 12 months of Labor coming into office the economy was starting to slide? [More…]
We had a May election and the issue of that election was the management of the Australian economy. [More…]
Suddenly, the Government was prepared to admit that the economy was in a bit of a mess and that profits were down. [More…]
In order to demonstrate that the Government accepts in a mixed economy that the private sector has to do well, company tax was reduced by 2lA per cent. [More…]
I want to say this: What the Labor Government hopes, of course, is that it will get consumer spending up sufficiently to have a superficial appearance of improvement in the economy. [More…]
One would have thought that the Government members had learned their lessons in economy from playing snakes and ladders in their adolescent years so quick is the change in direction and so often are the different decisions made. [More…]
If we are to win our way back in the world economy, if we are to be able to compete with our great trading partners like the United States of America, the European countries and Japan that have already turned the corner on the problems of inflation and unemployment, we will need much more decisive action by this Government. [More…]
I support the amendment of the Leader of the Opposition which states: the House condemns the Budget because it does not provide an adequate program to defeat inflation and relieve unemployment nor does it restore confidence in private sector of the economy. [More…]
If we can provide extra funds and bring forward these projects while the Budget strategy is moving through the economy and starting to work, surely there is a responsibility on the New South Wales Government to do exactly the same thing. [More…]
Will you again entrust the nation’s economy to the men who deliberately but needlessly created Australia’s worst unemployment for 10 years - [More…]
While the Government has dealt a shattering blow to the rural, industrial, mining and commercial sectors of the economy there is no sector more seriously hurt than the small business sector. [More…]
The task facing each government in these countries is to decide which of the various conflicting solutions offered by economists will best suit the interests of the economy it administers. [More…]
Liberals reject enforced equality, in the work place, in the economy and in education. [More…]
increase in economic growth overall, control of inflation and substantial increases in the operations of the private sector of the economy and its work force; a reduction in inflationary pressures; and growth of confidence. [More…]
Before going any further, let me say clearly and categorically that the Government inherited a healthy, growing economy in 1 972. [More…]
It is said that banking, one of the main props of the private sector of the economy, will be under a degree of restraint in the growth of the money supply and will not be sufficient to accommodate inflation at present rates. [More…]
When Liberal governments were in power apprenticeshipwithout government support, or with very little of it- fell away markedly during the regular cycles of recession periods which the Australian economy suffered. [More…]
Secondly, the Organisation for Economic Co-operation and Development, known as the OECD, comprised of 24 advanced western countries including Australia, recently carried out a survey of the Australian economy. [More…]
It expressed the view that the downturn in our economy may have bottomed out and that the economy may be recovering, even if somewhat slowly. [More…]
The Leader of the Opposition intends to abolish it as part of his economy measures, to give more money to other people. [More…]
Selling off the natural gas pipeline is another one of the economy measures of the Leader of the Oppositon He also proposes disposing of the Department of the Media. [More…]
-This Budget debate has been remarkable not for its contribution to the solution to the problems facing the economy but rather for the way in which it has thrown into sharp relief the alternative approaches to the problems facing a modern, affluent, industrial society such as Australia. [More…]
Not everybody can cope with the sorts of economic and social pressures which are the hallmark of a mixed economy. [More…]
Also, will the Government hold firm to its policy objectives in the mining area and disregard any future calls by the Leader of the Opposition or the Leader of the National Country Party of Australia for the reintroduction of taxation benefits and subsidies to this very healthy area of the economy? [More…]
They Will have thrown it out so comprehensively that it will be a long time before the Australian Labor Party gets another chance to ruin the economy and create the highest unemployment since the Depression. [More…]
We argued, therefore, in our minute that unless the Budget provided a sizeable stimulus to the economy it would lead to an increase in unemployment. [More…]
This is a matter of some importance because it is related to the great problem of inflation in the economy. [More…]
In our shattered economy and in our absolute gloom there was one bright star left in the economy. [More…]
People and governments- State and Federal- irrespective of their position, progressively are challenging the rights of large corporations in this country to control and manipulate resources on which the people’s standard of living depends and to which our economy is both extremely sensitive and vulnerable. [More…]
Here is the economy with the private sector sapped of the initiative, the incentive, the very capacity to invest and develop. [More…]
To make them attractive enough for investment we would have to raise the Commonwealth bond rate by about 2Vi per cent or 3 per cent, and this would drive interest rates across the whole private sector of the economy through the roof. [More…]
The effect which a sudden jump in oil prices would cause would lead to severe dislocation in industry and throughout the whole economy. [More…]
The whole national economy will be placed at risk because of the necessity to meet a huge bill for the importation of oil and we will also be placed at the mercy of other countries. [More…]
It will destroy any chance of investment in one of the few sectors of the economy where there was real scope for expansion and encouragement for investment. [More…]
Our exports are the sheet anchor of our economy and the corner stone of our economic development. [More…]
We were so successful in promoting Australia’s exports and building up a sound and broadly based economy that this Government has now taken for granted aU the good work that was done previously. [More…]
It is important to point out, however, that there is nothing wrong in the right circumstances with deficit financing and simply to condemn deficit financing out of hand is quite incorrect and can lead to great problems in the economy. [More…]
The only time when it can be disadvantageous to the economy is when it causes a misallocation of resources or draws on resources to a greater extent than they exist in the economy. [More…]
At the end of the 1974-75 financial year the depth of the Government’s mismanagement of the economy was really highlighted. [More…]
The rundown in port facilities which was allowed to happen under the previous Government was the main cause for many of the backlogs of cargo which used to build up to the detriment of the economy of Tasmania. [More…]
The sooner Government supporters realise that one can spend a dollar only once and the Government cannot go spending millions of dollars on all sorts of things without having some strong private sector enterprise, the sooner they will understand the way to manage the economy of Australia. [More…]
He reacted to this Budget by saying it was a complete confidence trick, an act of duplicity and a tragedy that the Treasurer (Mr Hayden) did not seem to understand the economy of the country. [More…]
The Liberal philosophy rejects enforced equality in the work place, in the economy and in education. [More…]
I suggest to the Government that the reason why we have tougher times is this Government’s mismanagement of the Aus.tralian economy. [More…]
Because of the structure of our mixed economy, where three out of four jobs are in the private sector, there are firm limits on how far the public sector should be stimulated in this recovery phase. [More…]
Will you again entrust the nation’s economy to men who deliberately and needlessly created the worst unemployment for 10 years and the worst inflation for 20 years? [More…]
Unfortunately now, due to its poor management of the economy, the Government is forced to take restraint after having nearly bankrupted the country and we find that the building will probably never go ahead. [More…]
He does not give a hang about the economy when he is involved. [More…]
He made his comment after the announcement that sweeping economy measures would soon affect Sydney metropolitan rail and bus services. [More…]
Again I must refer to the Mathews report which emphasised the need to reduce taxation on individuals as a means of increasing incentive within the economy. [More…]
This will have the result not only of increasing inflation throughout the economy but also of affecting mainly those very sections of the community which this Government espouses a real humanitarian desire to assist. [More…]
If the economy continues its downward trend, there is every expectation that unemployment will increase and, therefore, the requirement for social welfare payments in particular will increase. [More…]
We must also anticipate that there will be a further lowering of productivity and sales in various sectors of the economy and that therefore receipts from taxation will undoubtedly be lower this financial year than the Treasury has anticipated. [More…]
That was the crucial take-off point for the massive wage demands which have dedevilled the Australian economy ever since and will lead this Government to the premature political grave to which it is undoubtedly destined. [More…]
Let us now examine what is the Government’s policy towards restoration of confidence in this sector of the economy which is so vital. [More…]
The tragedy is that this Government has failed to recognise that it is only a healthy, prosperous, thriving and growing economy that can afford to provide these improvements in the standard of living and in the quality of life. [More…]
There has been no White Paper, no assessment or analysis on where the economy is going and how the Government proposes to handle and to direct it. [More…]
What has the Government done to the economy? [More…]
The Government now has introduced this Budget which places more imposts upon that important sector of our economy. [More…]
What Wilson has done to the British economy took talent. [More…]
What Whitlam has done to the Australian economy took genius. [More…]
My purpose this afternoon in speaking is to examine the Budget from the point of view of employment, a subject which is never very pleasant to the ears of the Government at this stage, and its implications in the Australian economy. [More…]
The hopeful signs in the economy could prove illusory and inflation could take off again from its already high level to a thoroughly destructive effect. [More…]
Clearly the Treasury has the gravest reservations about the capacity of the Australian economy, given this Budget, to achieve a growth rate of 5 per cent. [More…]
Primary industry- the favourite punching bag of the Government- must be recognised as an essential element of our society and our economy. [More…]
There are some signs, notwithstanding the views of members of the Opposition, of recovery in the economy. [More…]
It is a Budget which continues to expand the public sector without setting the conditions in which that expansion can be supported by the Australian economy. [More…]
Given the serious erosion of investment spending which has already taken place, this means that Australia’s investment base- the critical element of the economy’s future growth- is to be further eroded. [More…]
In spite of some marginal improvement in the June quarter national accounts aggregates for investment, consumption and home building, there remain serious weaknesses in the economy, contrary to what Labor Party speakers have put forward in this debate. [More…]
The Australian economy remains in a state of critical balance. [More…]
Apart from welfare considerations we must ask which measures- the Government’s Budget or the Opposition’s proposals- are more likely to stimulate the economy. [More…]
The Government has planned a deficit of a size that will stimulate the economy without causing competition for resources- the ultimate consequence of which, as honourable members know, is more inflation. [More…]
The Opposition wants to stimulate the economy, to stimulate business on the backs of those in need in society. [More…]
Both sides accept the concept of a mixed economy, but this Government believes that it should be the elected representatives of the people- not big business, the multinationals and Australia’s own private bureaucracies- that should run this country. [More…]
To the Opposition, government expenditure is bad; yet in this mixed economy more than twothirds of public expenditure goes into the private sector. [More…]
The people are heaving a sigh of relief that the Opposition is not in power but merely revelling in the fantacies and joys of irresponsibility that is the trademark of the Opposition and that it is not in a position to destroy our mixed economy. [More…]
But these men were unemployed because of this Government’s incompetence and bungling of the economy. [More…]
All these measures have an effect on the Northern Territory economy. [More…]
No wonder the economy of the country is in a shambles when the Government has this one-eyed, one-way, nohoper attitude towards the industries which produce the wealth of Australia. [More…]
Not everybody is an economist but the people know that there is something wrong with the economy and they can identify what is wrong very quickly. [More…]
The other theme which I introduced in 1974 in the Budget debate was that we had then reached a watershed in history precipitated by the oil prices brought on by the Organisation of Petroleum Exporting Countries, in October 1973- an event which for a time shattered the international economy to the point where it nearly crumbled but fortunately it did not Fortunately the leadership of people like Henry Kissinger and countries like the United States of America has begun to bring order back into the world economic community. [More…]
It is important in this time of political and philosophical confrontation between the Government and the Opposition that the people understand that the economic measures of the 1973 and 1974 Budgets represent a fundamentally different approach to the economy and the role of private enterprise- that is, private capital and private incomes from the investment of capitalfrom that of the present Opposition Parties during their 23 years in government. [More…]
We might sum this up very simply by saying that Australians aspire to a better life based on increasing living standards within a secure nation and a stable economy that contributes to an inter-dependent world, not a world in which we embark upon resource blackmail, as epitomised by the coal levy. [More…]
It is this kind of national objective which we as a LiberalNational Country Party government will be pursuing, because we see within the resource industries of Australia the cornerstone of the future prosperity of our nation and its role in the world economy. [More…]
It will take time for the economy to respond to these measures, but we are determined to adhere consistently to these general policy lines, and to give them time to work, to have their effects directly on the economy and indirectly through the build-up of confidence. [More…]
This so-called economies of scale principle is only one aspect of export viability, and when it is applied to a manufacturer who is too small to export the relativity of the economy of scale is correspondingly small and has very little to do with his real contribution to our export growth. [More…]
Anybody who is following the events in Europe at the moment- I am talking of western Europe, not of eastern Europe; if you like, the so-called private enterprise economy parts of Europe- will be aware of the changing situation there. [More…]
Already the Government has reduced the economy of this country to a shambles by its irresponsibility and incompetence. [More…]
Giving the Government the potential authority of total control over all exports would reduce the Australian economy to complete chaos. [More…]
The Minister dwelt first of aU on the proposition that trade has always been quite crucial to the facts and the development of the Aus.tralian economy. [More…]
The economic growth and well being of the Australian economy are directly linked to its ability to sustain continued development of its overseas trade- 2-way trade, both imports and exports. [More…]
When an error is made in this area it reverberates continually throughout the economy. [More…]
One other example is worth bearing in mind, and that is the nature of the Australian economy as it has developed since World War II. [More…]
There have been 4 significant recessions in the Australian economy since World War II and one half-recession. [More…]
When one recollects what occurred with respect to the American grain deals- grain deals which deprived the American economy and the American people of that commodity and which worsened, as the Minister knows - [More…]
After all, in terms of those grain deals, not only were the American economy and the American people disadvantaged, but also they represented an effective subsidy to the Russians of some hundreds of millions of dollars. [More…]
He indicated in that lecture that the great problem with Australian industries that are open to overseas competition is not revaluation but the domestic economy. [More…]
The point is that Australia needs trade to maintain the prosperity of its economy. [More…]
In other words, what we are asked to do is to set up a centrally planned economy type organisation in our totally different system in order that we can trade with centrally planned economies. [More…]
This economy would have been in a far worse position had there not been an acceleration of Government expenditure over recent months. [More…]
Our economy is corning out of a slump which has afflicted every comparable country throughout the world. [More…]
The Government will support reasonable increases in prices approved by the Prices Justification Tribunal just as it will support reasonable increases in wages granted by the Conciliation and Arbitration Commission, but a new, unpredictable and provocative element will be introduced into our economy if there is any move to disparage or demolish the Prices Justification Tribunal. [More…]
I believe honourable gentlemen ought to acknowledge the skill and wisdom with which Mr Justice Williams has presided over this new form of law and order in the Australian economy. [More…]
We believe that by the combination of the Australian National Line and the Australian Railways we are making a great contribution to improving Tasmania’s economy. [More…]
I know that members of the Opposition claim to be concerned for economy and responsibility in public expenditure. [More…]
Surely in this massive total expenditure of $2, 700m there is an economy of $lm or $1,500,000 available to provide the funds needed for the first 6 months of next year. [More…]
If one takes into account what has happened to the economy under this Government with inflation, that is an enormous reduction in assistance for research. [More…]
What I am saying to the Government- and it had better have a look at this- is that there has been so much waste and bungling ever since Labor came into office that here we have another section of the community which is paying the price for the inefficient management of the Australian economy. [More…]
In the United States of America now a lead indicator index is available which is extremely advantageous to the Government and to those involved in dealing with the economy. [More…]
This assists them to know what is happening in their country in terms of the likely forward movement in the economy. [More…]
Last year, when I spoke on the Treasury estimates, I specifically referred to the absence of any reference to the role of monetary pOliCY in the 1974-75 Budget Speech and to the failure of the Government to release a White Paper on the economy in 1974. [More…]
Consistently since the Government came to power the Opposition has questioned its attitude to the economy and financial matters. [More…]
The Opposition has said many times that we believe a lot of items of expenditure are desirable but that there has to be some overall understanding of the economy’s capacity. [More…]
It goes without saying of course that there has never been a budget which has pleased everybody or which has transformed the economy overnight. [More…]
As to whether or not the present system can survive- is all the more urgent because the United States, by far the most powerful capitalist economy, is recovering from its recent debilitating bout of inflationary recession and faces a particularly uncertain economic future. [More…]
There is a gnawing fear that capitalism has no way to cure inflation except deep recession, and that any concerted attempt to lift an economy rapidly out of recession will only fan inflation. [More…]
Let us have a look at how the socialist government of Australia is getting on in managing the economy of this country. [More…]
We have a sheer shambles in terms of the economy. [More…]
They operate in an economy which precludes them from charging clients anywhere near the amounts which metropolitan practitioners can command. [More…]
Blatant and open opportunism ought not to prevail in the Australian economy. [More…]
In order to make the point quite clearly that this Government has brought forward what was thought to be a responsible economic proposal, let us look at the economy as a whole. [More…]
We talk about cutting back expenditure in the interests of the economy. [More…]
This cut-back is false economy. [More…]
Not only would it lead to substantial retrenchments in the public sector of the economy which could not, I repeat, be absorbed in the private sector, but a significant section of the corporate sector would also be adversely affected because the undeniable fact is that the level of activity in the private sector of the economy at the present time has been sustained very much by the level of expenditure from the public sector. [More…]
Our whole economy and our national security will be placed at risk because of the necessity to meet a huge bill for the import of foreign oil. [More…]
A sudden jump in oil prices would lead to severe dislocation in industry and throughout the whole economy. [More…]
Small business is the backbone of the Australian economy, giving employment to 42 per cent of our work force. [More…]
At all events now is hardly the time to be discussing new growth when the burning question is whether there is any growth at all in the national economy and when the reality is that the cost of communications and of road and air travel and transport makes any expansion of commercial activities into the country an unlikely proposition. [More…]
As far as the state of the economy is concerned, it is also a fabrication of the Opposition and its cohorts in the Press - [More…]
The first are those covering the general economy and inflation. [More…]
With this background one would have expected that the Government would have taken special measures to aid and encourage the rural sector of the economy. [More…]
The Australian economy is related to overseas earnings and overseas markets. [More…]
The more we look at the policies and activities of the Minister responsible for one of the most vital sections of the Australian economy and the Australian way of life the more we see that his ministry has been a ministry of failure. [More…]
Usually, these visitors are highly competent specialist coaches or athletes, the numbers are seldom large and Government subsidies have been restricted to 50 per cent of the economy return air-fare including domestic travel. [More…]
By the policy of restraint in government expenditure coupled with wage indexation we are confident that the Budget strategy will be effective not only in the economy generally but also in its benefits to the housing industry which, as I said, is already showing considerable improvement. [More…]
We would be able to increase our efficiency as a domestic economy. [More…]
The year behind us is now the second year in a row in which the world economy has undergone dramatic changes. [More…]
The world economy still continues to be under severe strain. [More…]
The Minister of Economy and Finance for France had this to say: [More…]
The fact that they are picking up shows that there is a pick-up in our general economy, and this is probably the reason why we are continually threatened with an election. [More…]
It can be said, I think in a very real sense, that Australia’s strongest defence apart from military defence in an unstable region rests in a strong diversified economy with a wide spread of international investments acting as a supplier of raw and processed materials to numerous consumer nations. [More…]
The significance of this, again in terms of interdependence, can be understood by realising that for the iron and steel production of the Japanese economy it must have both iron ore and coking coal. [More…]
However, I think it is important for us to recognise the important consequences that flow from our trade performance- our export performance- in relation to the performance of our internal economy. [More…]
In other words, most overseas investment occurs in industries which are related to overseas markets and therefore if we allow unrestricted inflow of capital to take advantage of our good performance in those areas it can have serious effects on the inflationary situation in the domestic economy. [More…]
We could have no control over the economy of this country. [More…]
That would be only his due, having in mind the tremendous eminence which he shows and the tremendous reverence and love which we on this side of the House together with all Australians bear towards the Prime Minister, and the gratitude we have for the wonderful way in which he has improved the economy of this country during his term of office. [More…]
It is clear that the result of the next election will decide whether Australia remains a genuine free enterprise economy in which the interests of each person is advanced or moves irretrievably towards the precipice of government control now faced by the United Kingdom. [More…]
We are being more successful than had been anticipated in restraining a number of the indices or a number of the factors that work in the economy which push at inflation. [More…]
As I pointed out, there are a number of variable factors at work in the economy and the whole context of economic management can change quite dramatically, sometimes in a short period. [More…]
The evidence at this point is that it is changing and changing for the better in the sense of getting on top of the cost pressures which have been pushing up in the economy. [More…]
The fact is that this subsidy to apprentices is part of a Government scheme to ensure that adequate skilled labour is trained for the future development of the Australian economy. [More…]
As I pointed out before and on previous occasions in this House, managing the economy is subject to a number of variable factors which feed into the economy, many of them exogenously. [More…]
As I was pointing out, the movement in the economy in the first half of the financial year is different from the movement in the second half of the financial year. [More…]
I can assure him that managing the economy is a totally different conceptual exercise from that. [More…]
We are in the middle of an economy drive. [More…]
It is supposed to be an economy measure. [More…]
It is important, I believe, in initiating consideration of the estimates for the Department of Manufacturing Industry that those estimates be seen against the Government’s overall policy towards the non-government sector of the economy and the manufacturing sector in particular. [More…]
But along with that was the parallel credit squeeze implemented by the Government and the associated record high interest rates which were introduced for the purpose of cutting back the private sector of the economy. [More…]
As a proportion of total incomes- that is, all incomes, wages, salaries, profits interest and rents in the economy- or, strictly speaking, as a percentage of non-farm GDP at factor prices, company profits, which have normally stood at a level of 15 per cent of these total incomes, were during 1974-75 as low as 9 per cent in some quarters and for the year as a whole they were at the level of 10.8 per cent. [More…]
This is at the core of the malaise of the economy. [More…]
We hear a good deal about the lack of confidence and the lack of incentive in the economy. [More…]
I hope all South Australians realise that the Liberal Party policy means disaster for the economy of the State. [More…]
This is clearly an administrative phenomenon with no relevance to the state of the economy. [More…]
I suggest that there is an economy by the Commonwealth doing this in co-operation with the States instead of allowing the State education authorities and private education authorities to overlap one another and wastefully to duplicate their efforts. [More…]
After the Atomic Power Station at Jervis Bay was dropped in 1971 as a national economy measure, was any request received from the New South Wales Government to restore this project to meet the power generation needs of that State. [More…]
First of all, I wish to describe the serious difficulties which Tasmanian economy and the Tasmanian people will face because of the savage increases in unsubsidised freight rates; secondly, I wish to describe the difficulties which will be faced by the travel and tourist industry because of the continued increases in air fares and because of other threatened air charges. [More…]
Two other commentators in a joint statement said that the proposed 40 per cent increase in southbound cargo rates was a king hit to the Tasmanian economy, which was poised so sensitively upon Bass Strait freight rates. [More…]
I do not think people realise just how much effect this will have on the Tasmanian economy. [More…]
At present our economy is weak. [More…]
The Institute summarised the state of the world economy in the August edition this year in a way which I think is relevant to this debate. [More…]
The points which arise from the summary of the world economy can be summarised, as these: Firstly, recession has affected all countries in the western developed world, to varying degrees, but all of them have been substantially affected. [More…]
In Canada the economy appears to be in the later stages of a cyclical downturn in some ways similar to that in the United States, although with the peak early in 1 974 recession began rather later in Canada and has been much less severe. [More…]
This has relevance to the Opposition’s proposals for expanding the economy at this time. [More…]
Although on the surface the Netherlands economy seems to be performing reasonably well against a background of world recession, the immediate prospects have worsened. [More…]
In a desperate attempt to save itself from destruction the former Liberal-Country Party Government poured a tremendous amount of money into the economy, making finance far too freely available and pushing us into a very dangerous situation with too much money chasing too few goods. [More…]
It is irrelevant to them that most of the monitors show that the economy is picking up. [More…]
That industry was a bright spot in our economy. [More…]
So it is on a very important principle as to the allocation of resources in an economy that one needs to have doubts about the ultimate wisdom of this measure. [More…]
The industry reflects the state of the economy. [More…]
As the economy is managed so the industry is successful or otherwise. [More…]
The industry cannot be divorced from the state of the economy. [More…]
Therefore when we have an economy in which there is substantial inflation, of which a large amount is caused by wage demands, the tourist industry, which is one of the most labour intensive of all industries- the Minister certainly recognises this- has felt very severely the effects of some of the industrial awards, including wage demands, and the effects of the inflationary spiral. [More…]
I am simply saying that we should look at this matter, obtain funds by remedying some of the wastage that is occurring in a number of departments and use those funds to bring a greater degree of incentive back into the private sector of the Australian economy. [More…]
The two distinguished gentlemen who have spoken have shown that at least the Liberal and National Country Parties still hold firm to the idea of looking after the safety and security of this country, not only in relation to its defence but also in relation to its economy. [More…]
This attitude has proved incorrect in respect of defence as well as in relation to the economy. [More…]
After 3 years the Government says to the poor, to the indigent, to the disadvantaged, to the migrant and to every person in need: ‘Look, we have fouled up the economy so badly, we have made such a mess of things, we have mismanaged things so badly, so atrociously, that we have to freeze any social aid or social reforms’. [More…]
Only now is the Government trying to save something from the wreck of a bruised and battered economy for which it is responsible. [More…]
It has been extremely interesting over the last 2Vi years to listen to various Government supporters- both Ministers and backbencherswhen the economy first started to go bad, stating that they had inherited the mess from the previous Government. [More…]
The fact that we have to find that amount of money means that hundreds of thousands of people are suffering undeserved unemployment by reason of this Government’s failure, its economic clumsiness and its inability to manage the economy. [More…]
These are facts and there is no reason at all why a government that had been running the economy successfully should have had to meet this sustained level of unemployment. [More…]
In point of fact it brought about some kind of fallacious kick in the economy in April and May of that year and it put over the deception that unemployment was coming to an end. [More…]
The Minister has closed it down as a polling place, I guess, in the name of economy. [More…]
It obviously has not worked out the details of what it is putting forward to the community, and yet its proposal has key influence on the way in which the economy of this country would be managed. [More…]
People should not suffer by being required to do without shelter because the Labor Party and the trade union movement have severely damaged our national economy. [More…]
Once a person with little knowledge of the language is sacked from his employment, which is usually as a result of some government inability to manage the economy, where is he supposed to find an alternative job? [More…]
These measures, which are designed further to impede the necessary immigration flow to Australia, are solely and indisputably a result of the Government’s amateur and totally inept handling of the economy which has resulted, amongst other disasters, in a totally unacceptable level of employment. [More…]
A vigorous and directed immigration program could well help re-stimulate the economy. [More…]
This would stimulate the economy into higher production, which in turn would call upon greater utilisation and expansion of the work force. [More…]
Whilst many factors have influenced the emergence of consumerism as a public issue, not least being a more articulate community, I think one of the factors which has led to the emergence of consumer protection as a live public issue is the development of the supermarket economy in the Australian society. [More…]
A generation ago when it was a habit of consumers to purchase their day to day foodstuffs and consumer goods from the corner grocer store the relationship between a seller and purchaser of consumer goods was a far more personal thing and the opportunities for on the spot ad hoc redress for a consumer who purchased from such a store, having such a relationship with the storekeeper, were much greater of course than they are in the mass supermarket economy that we have at present. [More…]
But perhaps the most welcome result which is showing up at present, indicating that we are having a significant success in a very difficult economic situation in managing the economy, is that the rate of increase in average weekly earnings is falling back at this stage to a much lower level than we had projected when we prepared the Budget. [More…]
Will you again entrust the nation’s economy to the men who deliberately, but needlessly, created Australia’s worst unemployment for 10 years? [More…]
It is of no use this Government talking about stimulating the private sector of the economy; there have to be genuine efforts. [More…]
Some of these sorts of speeches made in this Parliament tend to undermine the confidence of the Australian community in the economy, thus making the situation worse. [More…]
We are not suggesting that there will be a rapid absorption, because of the slow pick-up that is presently occurring in the economy. [More…]
What he is trying to do is to talk down this economy further. [More…]
Instead of that all that the Opposition is trying to do is to run down the economy. [More…]
The school leavers are witnesses to a government that has wrecked the Australian economy and has refused to accept the guidelines of successful predecessors in government. [More…]
Will you again entrust the nation’s economy to the men who deliberately, but needlessly, created Australia’s worst unemployment for 10 years? [More…]
I especially draw his attention to the next statement- and no economy - [More…]
Finally, they make no allowance for the fact that the economy is on the upswing at the moment. [More…]
So there are some indicators that the economy is starting to move upwards. [More…]
The important point with respect to the period of 23 years in which the previous Government was in office is that the consumer was protected constantly by the stability of the Australian economy which guaranteed the consumer a constant price. [More…]
-As my friend from Lyne says, it is at the cost of the destruction of the economy. [More…]
It is false economy to cut these back and to believe that you can make heavy cuts in research allocations and still maintain the integrity and progress of the system. [More…]
It is very false economy to think that by cutting down a few tens of thousands of dollars a year on a research station one can save anything when by so doing one is losing tens of millions of dollars worth of productivity. [More…]
When we have this very big investmentwe have a very big investment in the water supply and in the other facilities there- it is really false economy to cut down, as we have cut down, on the scientific investigations to make things right. [More…]
I know that the Government is responsible for the high rate of inflation and the failure to control the economy. [More…]
The Government has not been able to control the economy and therefore organisations such as the Postal Commission are put in the embarrassing position of finding themselves unable to make their way. [More…]
The important point relates to the provision of a service while the economy is being watched. [More…]
The trouble that this country is running into has been accentuated by the incompetence of the Government insofar as the economy generally is concerned. [More…]
Its overall responsibility for economic management is to manage the economy. [More…]
The slower growth in the economy obviously affects the pattern of urban development to the disadvantage of those whose needs are greatest. [More…]
Almost every type of primary, secondary and tertiary activity is represented in the region and constitute a major contribution to the Australian economy. [More…]
With the current rate of inflation and state of the economy things can change very quickly. [More…]
One of the great difficulties that any member for an electorate such as mine confronts is the idea, often expressed by small communities, that their objective is to become a self-contained economy. [More…]
It is impossible for us to diversify a population of 50 people to the point where they can become a selfcontained economy. [More…]
I just pose the question: Was this development a contributing factor to the downturn in the economy of those areas? [More…]
More than a year ago, when the economy trended in the disastrous direction in which it has now gone, the Minister could have changed his plans to accord with what would produce an effective result in the administration of his Department. [More…]
It is a pity, I believe, that honourable members such as the honourable member for Chifley cannot look at urban and regional development in relation to the management of the economy, the state of the nation and responsibility. [More…]
In the 23 years that the parties now in Opposition were the Government, they always looked at the economy from a macro aspect, broad brush approach. [More…]
The never looked at the question in the micro aspects of the economy. [More…]
This dispute today is totally unnecessary and is typical of the organised industrial strife that is wrecking a stable economy and tearing down this nation’s confidence and social structure. [More…]
Just to illustrate that nobody but the honourable member for Kennedy believes his propaganda, as late as 9 September this year the Australian Financial Review published an article on the economy which is headed: [More…]
It clearly indicated that expenditure was on the upturn despite the downturn in the economy. [More…]
August the Treasurer (Mr Hayden) told this House that, immediately before the Budget, the Australian economy had faced a deficit nearly double that of 1974-75- in other words, a deficit of about $4 billion. [More…]
The simple fact is that a deficit approaching $4 billion will lead to the breakdown of the Australian economy. [More…]
The Opposition’s spokesman on economic affairs, the Deputy Leader of the Opposition (Mr Lynch) has, as is characteristic for him, painted a rather grim picture about the state of the economy. [More…]
We only have to look, I suppose, at things like the scandalous overseas loans affair, the Government running out of money and how it has mismanaged the economy to see how great is its need to rig the electoral laws. [More…]
I repeat that the Government certainly needs to manipulate this system and has shown dogged determination to change the electoral system in its own favour, because it realises that if the present fair system continues it will be thrown out of office for its mismanagement of the economy and for other matters. [More…]
Is it also a fact that the terms of awards in some cases make it impossible for him to enforce the rule to fly economy class. [More…]
1 ) The Government’s decision that, as a special measure of expenditure restraint, persons travelling at Government expense on internal domestic airlines in future would do so at economy class rates was announced by the Prime Minister on 18 August 1975. [More…]
The Prime Minister stressed, however, that until the decision was implemented the Government expected all persons covered by the decision to observe its spirit by travelling economy class. [More…]
Furthermore in the case of these staff the Government would expect that they observe the spirit of the Government’s decision and travel economy class in the interests of reducing expenditure. [More…]
What implication does it have for the Australian economy if the international economic recession is prolonged? [More…]
For instance, in July, only a few months ago, Mr van Lennup expected that the United States economy would recover at a faster rate than he presently anticipates; that Japan would be showing more rapid recovery; that France certainly would be picking up- he has now reviewed that in a substantial way. [More…]
Of equal concern are the latest reports on the performance of the Japanese economy, the most notable revisions being on the previous official forecast of last January which anticipated a rate of recovery of 4 per cent. [More…]
The level of activity in the Australian economy is very much influenced by the level of activity in world trade, by the health that is existing in the international trade situation. [More…]
One of the experiences I had at the recent International Monetary Fund conference was to have my own impressions clearly reinforced by the statements of the international finance Ministers, all of whom stressed the complexities and the difficulties and the challenges which are involved in the current international economic situation; all of whom spoke of recoveries in the industrialised nations being required of necessity if we want to maintain strength in the international economy and not see a relapse in the level of inflation; ail of whom stressed in that light the need for gradual recovery. [More…]
We have decided to increase pensions this year by rises in the consumer price index as a temporary measure to ease the pressures of public spending on the economy. [More…]
So frustrated are they in many instances that they have lost the desire to work and the understanding that we can only have a better society, better cities and better urban areas if we are prepared to work and achieve things, and if governments are prepared to have programs and conduct their affairs in a way in which economic management results in a fully employed economy. [More…]
They are the destruction of the Australian economy and the reduction of living standards of the Australian people. [More…]
The economy of establishing homes in the latter is substantial. [More…]
These objectives can be achieved only within a healthy economy. [More…]
The charges against this Government for which it stands condemned are two- the gross mismanagement of this economy and the impropriety of the Prime Minister and his Ministers’ actions. [More…]
It is no exaggeration to assert firmly and with a great deal of concern that the economy of this country, if the present course of action which the Opposition has set in train is pursued, will get out of hand, that there will be a major economic collapse, that a substantial number of enterprises in the corporate sector will fail, that there will be an upsurge in unemployment and generally that there will be the worst deepening of the recession that we have seen at any time since the great Depression of the 1930s. [More…]
It is true that about 60 per cent of what is covered in the Budget in fact is automatically appropriated by existing forms of legislation, but of the other 40 per cent a considerable amount of money is involved and a very wide range of people in this economy- in this social economic system- will be dependent for their success, for their capacity to sustain themselves in the near future, on the flow of money which comes from the passage of the Appropriation Bills. [More…]
Let us look at what the Opposition’s proposals mean in real terms and what the effect will be on the Australian economy. [More…]
the continuing mismanagement of the Australian economy by the Prime Minister and this Government with policies which have caused a lack of confidence in this nation’s potential and created inflation and unemployment not experienced for 40 years. [More…]
the continuing mismanagement of the Australian economy by the Prime Minister and this Government with policies which have caused a lack of confidence in this nation’s potential and created inflation and unemployment not experienced for 40 years. [More…]
There is no doubt that honourable members opposite are responsible for the state of the economy and the state of the nation at present. [More…]
I refer to the threat to our economy, the threat to our institution of Government and the threat to our whole Australian way of life posed by the Leader of the Opposition (Mr Malcolm Fraser), that man of principle who seems hellbent on destroying the principles and conventions on which our system of government depends. [More…]
The Budget presented a valuable opportunity to discuss and analyse the economy in a responsible manner. [More…]
Apart from some featherbrained schemes dreamt up by ‘Would You Believe’ Baume, an individual of dubious character, and a reckless decision to destroy the Australian Legal Aid Office, there has been no real debate on the Budget and no examination of the economy. [More…]
Of course, they would be in total conflict with any credible suggestion that they would help the recovery of the economy. [More…]
What must be realised is that a very substantial proportion of the outlays in the Budget go directly into the economy to support and foster the expansion and the recovery of the private sector. [More…]
Generally, the sorts of figures I have heard quoted by the Opposition’s spokesman on economic matters, the Deputy Leader of the Opposition, indicate quite horrendous effects on the economy if the cuts- of the order of $l,700m- were to be followed through. [More…]
Overall the benefits from the public sector supporting the economy at this point of early recovery would be crippled. [More…]
That will have some pretty horrific consequences not only for the building and construction industry but also for employees in the industry and for the economy generally. [More…]
I certainly hope that those gentlemen opposite will think their attitude again and will prevail upon their Senate colleagues to allow this Budget to go through before their present action wreaks such havoc on this economy; havoc from which it might well never recover. [More…]
That shows a reckless disregard for Australia, for the Australian economy and for the Australian people. [More…]
It will destroy the economy. [More…]
I remind the House that it is only a few months ago, when there was no political confrontation- call it what you will- when the Government of which he was a member cancelled camp after camp, movement after movement of personnel on account of economy. [More…]
We may travel economy class but the honourable gentleman travels VIP class. [More…]
The Senate in this resolution aptly sheets home the charge of continuing mismanagement of the Australian economy. [More…]
Yes, we have wrecked the economy. [More…]
They are- continuing incompetence, evasion, massive deceit, duplicity subversion of the Constitution, bypassing of the Parliament, chaos in a cabinet where there is no control and wrecking of the economy. [More…]
They are not concerned because the economy is in a mess, as set out in the Senate resolution; they are concerned that the economy might improve. [More…]
Let them judge the Senate for its extraordinary and reprehensible lunge for power; taken regardless of national security as exemplified by its rejection of this defence Loan Bill; taken without regard to national political stability, without regard to the national economy and without regard to individual welfare either; as exemplified by the salaries which will not be paid to the armed forces, nor to the Public Service; as exemplified by pensions which will not reach pensioners and social welfare payments which will not reach social welfare beneficiaries. [More…]
… of $ 1,100m alone would deprive the economy of an infusion of about $20m per week. [More…]
Together with the Appropriation Bills being stopped, this would deprive the economy of a weekly infusion of something like $200m. [More…]
Suspension would impair a move towards more effective management of the economy. [More…]
We have decided to increase pensions this year by rises in the consumer price index as a temporary measure to ease the pressures of public spending on the economy. [More…]
For another, the private sector of the economy is thrown into a state of uncertainty. [More…]
As the Minister responsible for the management of this country’s economy, I warn the House and the nation that the Opposition’s present policies of obstructionism will, if continued, deepen the recession, retard the economic recovery and will prolong and exacerbate the present bout of high unemployment. [More…]
It cannot be otherwise: In every country in the world, experience bears out the fundamental principle that political instability is damaging to a country’s economy. [More…]
If that happens, the difficulties of restoring confidence and rekindling the economy will be compounded enormously. [More…]
He knows quite well that because of the time lags involved in economic management, the effects of the Budget on the economy will be barely evident at all by that time. [More…]
He was drawing attention to the well known fact of lags in the economy- the delay between when an action is initiated and when it starts to have effect in the economy. [More…]
But we do know that the consequences would be such as to threaten the whole economic recovery and could plunge the economy into a deep recession. [More…]
The second ground on which the Leader of the Opposition rather thinly seeks to justify the refusal to pass the Appropriation Bills in the Senate is the overall state of the economy. [More…]
Does the Opposition mean to suggest that the Australian economy could have remained unaffected by this severe international recession? [More…]
The evidence now is that the Australian economy is slowly recovering. [More…]
It is important, however, at this stage that the recovery should not be too sudden, because an artificially rapid expansion of the economy would merely lead to higher rates of inflation later. [More…]
This Government’s capacity to manage the Australian economy has no credibility whatever. [More…]
I fail to understand how any responsible economic spokesman, a genuine economic spokesman, could assert that there would be little effect on the level of economic activity with that sort of sudden cutback in the flow of funds going into the economy. [More…]
First of all, the service sector of the economy has been subjected to a quite sudden and extremely severe contraction in activity. [More…]
The Minister whom I represent is in no position to make funds available until the honourable member’s colleagues take off the strangle hold that they have on the Australian economy. [More…]
The economy of the Northern Territory and the reconstruction of Darwin are heavily dependent upon government expenditure; indeed, they are more heavily dependent than any other part of Australia. [More…]
The course on which the Opposition is set will deny the Territory funds that are crucial to its economy and to its social fabric. [More…]
I might call that ‘National Country Party government stabilised economy money’. [More…]
There has been an example of how the economy should be managed and ‘, that example was set over that famous period of 23 years which Government supporters are so fond of citing. [More…]
However, there should be no real problem in the Australian Government’s obtaining the funds required to finance welfare programs and to meet their high costs due to inflation because in the economy as a whole money incomes tend to rise rapidly in line with the inflation rate. [More…]
That is what he said at a time when the Opposition parties, having a quite fortuitous majority in the other place, are trying completely to disrupt the economy of this country. [More…]
As the Treasurer (Mr Hayden) said this morning, there are indications of improvement all round in the economy. [More…]
To propose a resolution in this House stating that our problems of inflation are due to economic mismanagement is spurious nonsense, as it is nonsense for the Leader of the Opposition ( Mr Malcolm Fraser) to give as one of his main reasons for promoting the constitutional crisis from which we are suffering in this country today, the state of the economy of this country. [More…]
As long as we are a good neighbour to the rest of the world and do not react too quickly to some of these problems but act together with other nations, the economy will improve. [More…]
the continuing mismanagement of the Australian economy by the Prime Minister and this Government with policies which have caused a lack of confidence in this nation’s potential and created inflation and unemployment not experienced for 40 years. [More…]
The Prime Minister’s claim on this subject is as self-evidently deceitful as are his many other claims in relation to the operations of the Australian economy. [More…]
First of all it blocks the Medibank levy and then it says: ‘We need tax indexation or partial tax indexation to provide stimulation to the economy’. [More…]
On the one hand members of the Opposition said that we should not have a Medibank levy, then they said that we should have tax indexation, or at least partial tax indexation, because of the need to stimulate the economy, and on the other hand they seem to be saying through one of their spokesmen that we should have a Medibank levy. [More…]
There has been incompetence in the economy, hurting the retired who will never be able to rebuild their lives. [More…]
It is the consequences that are important and it is the consequences of this action, if persisted in, that can be disastrous to the economy of this country. [More…]
Whilst that type of situation is allowed to persist- I might add that it has been created by the incredible inflationary pressures which are being brought to bear upon this nation in the last few years as a result of the Government’s mismanagement of the economy- it will be very difficult indeed for any government to overcome this fundamental problem unless we can get this country’s economy once again on a reasonable level. [More…]
There are people who seem to think that the management of the economy can be organised through monetary arrangements rather like putting an automatic carburettor on the Reserve Bank and running away to let the automatic carburettor look after the rate of increase in the money supply. [More…]
This is running not a milk bar kind of economy, but an ersatz coffee kind of economy; that is, it looks strong, it appears strong but it has a hangover due to come on within 1 8 months to 2 years. [More…]
Why is it that a government which refuses to publish a White Paper on the economy and suppresses all departmental advice on the loans scandal is at the same time prepared to make the most sensitive information available to its chosen political son? [More…]
If wages and salaries continue to outstrip productivity increases, the productive capacity of the economy will decline and we shall all eventually be worse off. [More…]
It is curious to me that an Opposition which proclaims outside this place that at least in some general or nominal way it represents primary industry and the corporate sector of the economy should take actions which will have the effect of severely disadvantaging both the primary industry sector and the corporate sector of the economy. [More…]
There is evidence that significant sectors of the economy have wound down. [More…]
This is important because this sector gives a lead to the flow on effects that are going to seep throughout the whole of the Australian economy. [More…]
It will be an extremely grim one unless the Opposition in the Senate desists in its unconstitutional irresponsible behaviour which can bring the Australian economy to its knees. [More…]
One tends to talk about unemployment because it is a more dramatic statistic in terms of measuring the level of economic activity, but the level of unemployment is only one indicator of the level of activity and in itself is an indicator of a reduction in activity in other sectors of the economy. [More…]
He can harm the economy and harm the people, hoping that he can build up a reaction throughout the community which somehow or other may get him last minute support. [More…]
Well, we are not going to allow the Prime Minister to have the pleasure of seeing us reject a financial measure and thus allow him to run the economy down while an election takes place. [More…]
It was a wonderful opportunity for the Commonwealth Government to take up the slack spots in our economy and in the employment areas by productive and constructive work of a permanent nature rather than using the stop-go methods employed under the various schemes to alleviate the unemployment position. [More…]
This is an area in which much investigation in strict justice could be carried out to seek to alleviate the problems of the rural producer who has no set income and who is subject to tremendous pressures from seasonal changes in the economy and changes in overseas prices. [More…]
We appreciated and knew that one cannot insulate a housing market from the rest of the economy. [More…]
If one makes an economic mess- a fiscal mess, a monetary mess- housing is such a great sector of the economy that one cannot insulate the totality of it from what is happening elsewhere in the community. [More…]
Funds are too fluid for there to be any mileage in substantial attempts to insulate housing from the rest of the economy. [More…]
We ask him to look at this field to see what he can do concerning the flow of funds between institutions concerned with housing in Australia and certainly to remember above all that we will not fix up the housing problem totally unless we fix up a distressed, alien and very severely disadvantaged economy. [More…]
It is now showing signs of coming out of the ressession If $ 1,000m worth of investment is cut off or unreasonably deferred or delayed it will have not only a very serious effect on this industry but also a secondary and snowballing effect through the economy generally. [More…]
It is indisputable that the economy of this country is taking a shattering body blow. [More…]
One cannot conceive that they would honestly argue- I would not say that that would stop them from acting- that they would allow the Budget to pass, because the Leader of the Opposition has said that one of the major issues upon which an election would be fought and should be fought is the failure of the Budget- a Budget which he upheld a few weeks ago, a Budget which has not come into operation yet, a Budget which, in fact, if Appropriation is not passed in the Senate in the near future, will increasingly become irrelevant because of the disastrous effects which the behaviour of the Opposition in the Senate will have on the Australian economy. [More…]
If we were not to restrain the push on the wage front the economy would have been irretrievably undermined. [More…]
The point which people in the Opposition ranks have lost sight of is that the purpose of trying to achieve restraint- we seem to be successfully achieving it- on the wages front was to benefit the corporate sector or the private sector of the economy. [More…]
In his reply to the Budget, in roughly 8 pages of Hansard, he mentioned the need for wage restraint about as many times, indicating that if the economy was to be restored to a viable state there would be a need for the exercise of restraint on the wages front. [More…]
I believe that the capacity of the economy to recover was greatly reinforced by that action and by the benefits which flowed from Mr Hawke ‘s statement. [More…]
I am afraid that the capacity of the economy to continue recovering has been undermined gravely by the action of the Opposition in the Senate. [More…]
Before leaving this question of quotas, I would like to point out that when the Australian Government in mid 1974 decided to cut back road funds because of the overheated state of the economy, the States immediately asked that their quotas also be reduced. [More…]
But again it is a product of this Government’s having completely mismanaged the economy, generating unemployment and higher interest rates leading to record inflation- all these things- that has led to a position where in order for the trading banks to provide funds that in the normal commercial sense they could be expected to provide they have to get a government guarantee to provide them. [More…]
If this does not happen, we are going to find that wool growing will rapidly become an uneconomic business, and the whole climate of the economy, which for so long has depended on this industry, will be changed, for no longer will the fleece be able to be produced economically and that still major contributor to Australia ‘s export earnings will be significantly reduced. [More…]
For almost 3 years now the Government has been responsible for bringing the wool industry, which has been the backbone of the Australian economy for over a century- in fact for one and a half centuriesvirtually to its knees. [More…]
The introduction by the Government of a Wool Marketing (Loan) Bill, an amending Bill, and its juggling of the figures relating to the funding of the floor price scheme so as to put the onus on the private sector of the financial market rather than on the Government sector, is a very weak reed in the total spectrum of what the Government is doing to an industry which is vital to the Aus.talian economy. [More…]
The Government will wipe out country seats and force the people of rural Australia to live in a peasant economy. [More…]
The Government can start off by implementing the recommendations of the Industries Assistance Commission and get the superphosphate bounty back on so that something can be done to contain the costs which are rising at a rate in excess of 35 per cent in the rural economy. [More…]
But the Government has a long way to go if it is to bring back some confidence to the rural economy of this country. [More…]
It is doing nothing at all about showing the vaguest willingness to look after this sector of the economy. [More…]
The Joint Services wing provides the fulcrum for increased efficiency and economy of operations. [More…]
Tax indexation policies are vital to restoring the health of the economy, thereby boosting the real tax base and the growth of tax revenue. [More…]
That is what is so significant- to get the economy moving again, to get some incentive back into the Australian economy. [More…]
It is a city worth examination because it has a very stable economic base and, unlike the coastal shires, has a fairly regular economy in terms of the demand for its services. [More…]
It has a diversified economy. [More…]
I ask the Minister: As meat exports are vital to the economy of towns and industries as well as for employment purposes throughout Australia, is there any way in which the Government can guarantee the salaries of meat inspectors and veterinary services? [More…]
The new revival was more soundly based than the first mine, but again the mine closed dramatically on 1 1 March 1 962 and the mainstay of the Captains Flat economy was removed. [More…]
While that is the ultimate measure of the Government’s unfitness to govern, of basic importance is the incompetence and ineptitude of this Government in the management of Australia’s economic affairs which has brought the Australian economy to the brink of economic disaster. [More…]
No economy, not even the resilient Australian economy, could stand the impact of that sort of change. [More…]
It also took some of our doctrinaire members a long time to discover that unless private enterprise is healthy the whole economy is sick. [More…]
They were to be achieved from the growth of the economy’s capacity to produce goods and services which provides the means to foster, to pursue these ends. [More…]
We find an economy in which there is no growth, in which there has been no major new development project in the last 3 years. [More…]
What would have happened to the economy if we had not had a deficit in the last Budget? [More…]
When we look at the position we are confronted with today we see a number of elements in the economy. [More…]
Its own mythology and its own insistence that only the private sector can solve the problems of the economy, its complete refusal to acknowledge that the public sector plays a role, also helped. [More…]
whether the Australian economy will remain healthy with the prospect of elections every 18 months or even 6 months if the Senate so chooses is anybody’s guess. [More…]
What is all this rubbish about this Government not being able to manage the economy? [More…]
Certainly it is possible at this stage to make a convincing case that if the Fraser Government attempts to do everything it has solemnly promised in recent months- even if the promises are carried out over 3 years- the consequences for the economy would be chaotic. [More…]
For instance, the bitterness of the business community to the Government has obscured the fact that it is only Government spending which is holding the economy up to the present recession levels. [More…]
I wonder how the construction industry feels about the prospects of even further cuts in building activity in this economy. [More…]
The only alternative that it has reiterated time after time after weary time is the proposition that the private enterprise sector of the economy holds the solution to all our problems. [More…]
There can be no question that the Opposition has failed, by its record in government and by its statements in opposition, to convince the electorate that it has in any way an alternative economic management system which is superior to the way in which this Government has handled the economy in a very difficult period. [More…]
There can be no question that the Opposition’s attitude to the economy is being artificially boosted by the Valders and Prousts of this land whose main aim is to get rid of the Government even at the expense of sensible and responsible leadership for their industries. [More…]
-The Opposition proposes to slash public expenditure by quite enormous amounts and the effects would be disastrous within the economy. [More…]
It may be that Mr Justice Ward or whoever the Commissioner may be from time to time, may carry out his functions in a way which does not upset the major economy of the Northern Territory. [More…]
But is this Committee really of the opinion that the whole of the Northern Territory economy should be placed at the executive fingers of this or some future Minister and his adviser, the Commissioner, who will be acting completely without guidelines? [More…]
It is very bad for a parliament or a council in Darwin to be giving away control over the whole of the economy. [More…]
the continuing mismanagement of the Australian economy by the Prime Minister and this Government with policies which have caused a lack of confidence in this nation ‘s potential and created inflation and unemployment not experienced for 40 years. [More…]
Bringing the Australian economy to the brink of disaster by incompetence of the worst kind when the Australian economy is basically one of the strongest and healthiest in the world; [More…]
Continuing to hide from the Australian people the full extent of the damage done to the economy and the inevitable hardships to be caused to its people; [More…]
-Even if the Opposition were to desist now in the unfortunate course upon which it has set itself in the Senate, unmistakable damage has been done to the economy which will show up in the early new year. [More…]
It is the duty of the Board, within the limits of its powers, to ensure that the policy of the Corporation, and the banking policy of the Trading Bank, of the Savings Bank and the Development Bank, are directed to the greatest advantage of the people of Australia and have due regard to the stability and balanced development of the Australian economy. [More…]
The main charges against this Government are charges of massive incompetence and destruction of the Australian economy and doing harm to many people who have retired and who cannot rebuild their lives. [More…]
The Leader of the Opposition has made it clear that he considers that it would be wrong for the Government to take any action which would ease the hardship which he threatens, and wrong for us to try to minimise the harm to the economy. [More…]
We shall do all in our constitutional and legal power to do that- to prevent hardship, to protect the economy. [More…]
The full implementation of this Government’s economic strategy is being frustrated and the recovery of our economy hampered. [More…]
In other words, failure to pass these Bills means there will be a firstround effect of a shortfall of expenditure throughout the economy of some $2 5 m a day, 7 days a week, until the Bills are passed. [More…]
He will smash the Senate all right and he will smash it right over the heads of the Australian people if he can get his way; and he will smash the economy while he is at it. [More…]
The prime objective of the Government’s national resources policy is to return resource development to its proper role in the nation’s economy and to restore overseas user’s confidence in the Australian mining industry’s long term reliability. [More…]
The Government will encourage measures aimed at improving the efficiency, economy, and adequacy of our transport services. [More…]
Had it not done so, there would have been grave implications for industrial relations and the economy. [More…]
It has taken action through its monetary policies to reduce the excess liquidity in the Australian economy which we inherited from our predecessors and which threatened to fuel inflation further. [More…]
The nation simply has to face the fact that the economy cannot support the magnitude of the wage and salary increases being sought by the trade union movement with the endorsement of the Opposition in this House. [More…]
The Government’s decision, taken on 30 January, to argue for less than full adjustment of wages for price increases in the September and December quarters is wholly consistent with the undertaking given by the Prime Minister in his supplementary statement on the Australian economy issued on 27 November last. [More…]
The reason the Government took the course it did before the Commission was its over-riding concern for the state of the economy and the consequences for the entire Australian community. [More…]
Right now the economy is delicately poised. [More…]
Sustained recovery in the economy could not be expected unless inflation abated further. [More…]
This sowed the seed of the inflation- which has afflicted this economy ever since, from which our major present problems stem, from which resulted the major broken promises of the former Government to provide a stable economy and, in particular, full employment. [More…]
The recovery of investment is a key to the restored prosperity and forward movement of the economy. [More…]
We have introduced a monetary package designed to soak up excess liquidity in the economy. [More…]
Let me stress that it is designed to soak up an excess of liquidity, not to squeeze the economy from the monetary side as was said by an honourable member who spoke earlier. [More…]
There are great problems and difficulties ahead for the restoration of health in the Australian economy. [More…]
From the point of view of the Australian economy how much does a worker produce? [More…]
The Government’s economic strategy is designed to steer the economy on the path of a formally based recovery. [More…]
Keynesianism, the United Kingdom and under a Labour government, the futility of piling on new deficits in order to soak up the unemployment created by the interminable succession of previous deficits is at long last being discerned as unemployment moves towards the 1.5 million mark and well over half the economy is now in the Government sector. [More…]
The Government’s economic strategy is designed to steer the economy onto the path of a firmly based recovery. [More…]
Decisive measures are required immediately to regenerate the economy and these will be taken in the context of an overall strategy designed to operate over the term of the Government. [More…]
Together with a commitment to more stability in policy, the adoption of such a long term program will give recognition to the capacity of the economy to adjust and will provide an overall framework within which budgetary, monetary and other decisions can be taken. [More…]
The dramatic slump in investment activity during 1 974-75 has curtailed both the short and the long term productive capacity of the economy. [More…]
The reduction in government spending is the first necessary step to reduce inflation and to provide the scope for a revival of private sector activity and a return to a prosperous economy. [More…]
I, regrettably, will not be speaking about the economy on this occasion because I wish this House to appreciate the fact that the future of our country depends as much on our international standing and our defensive capacity as it does on the health of the Australian economy. [More…]
It is false economy to have the Prime Minister by-pass members, who are paid by the taxpayers, and not to ask their opinions on occasions like this. [More…]
Our side of the Parliament has a legacy of 3 years of total mismanagement and of gross inability to handle the Australian economy. [More…]
I sincerely hope that the Government will continue to give thorough and deliberate thought to the redress of the imbalance that exists in the economy and then to act decisively to do something about it. [More…]
There is no doubt that there will be no progress in our economy until the problems of unemployment and inflation are overcome. [More…]
The provision of the investment allowance will go only part of the way towards restoring the confidence that is needed in the manufacturing, the industrial and the private sectors of the great or potentially great Australian economy. [More…]
It is our responsibility now to pick up the shreds of an economy which the Opposition left behind and to try to do something about creating an atmosphere in which Australian business, Australian commerce, Australian people in general, can get on with the job of utilising the great wealth and great resources with which we have been blessed. [More…]
An atmosphere of confidence is basic in the Australian economy. [More…]
1 cannot give for all bodies the kind of overall assurance that the honourable member seeks because when the Government was looking for some economies from statutory authorities the Australian Broadcasting Commission, for example, instead of making some examples of economy asked for $7m or $8m more than its actual budget estimate and it was at that time about 200 people over its then staff ceiling. [More…]
All the indicators are that the Japanese economy is strengthening and moving upwards. [More…]
Although the Australian people accept the desperate and almost dangerous state of the economy I do not believe that they accept that as a justification for the desperate and almost dangerous state of the defences of this nation. [More…]
If this Government, as I believe it will, governs for all Australians, despite the backbreaking efforts it will have to make in fighting on three or four fronts to provide real social progress and change within the capacity of the economy and within a framework of national security, it will earn the gratitude of all Australians. [More…]
The present Prime Minister’s attitude is definitely to introduce these various measures because he is in the hands of Treasury which undoubtedly believes that the Australian economy is overheated. [More…]
The policy will mean that the economy gets ‘some short sharp knocks’. [More…]
The honourable member pointed out, quite rightly in my belief, that the measures being undertaken by this Government and the impact of Treasury upon the policies of this Government would mean- I believe that I am quoting him corrrectly- not only the slowing up of economic revival but also that the economy could go backwards instead. [More…]
He has a huge and distasteful job to do; that is, to restore the economy of this nation. [More…]
I refer principally, of course, to the desire to get away from the trend for the transference of resources from the private sector to the government sector of the economy. [More…]
It can enable people to be trained in new disciplines if their old occupations are displaced by technological change or by changes in the economy. [More…]
I believe that the flexibility of our economy would be greatly improved if there were a greater opportunity for people to enter a trade or profession later in life if they discover from experience that something else suits them better. [More…]
I was amused a few days after the election when I saw what was said by one of the tycoons of the business world, Mr Rod Carnegie, a man who is held in great respect, and I think by the general manager of Broken Hill Pty Co. Ltd. Mr Carnegie said: ‘Mr Fraser will solve the economic problems of this country if the world economy improves. [More…]
If the world economy improves then the Government will be able to solve the economic problems of this country. [More…]
If the world economy does not improve, it will not. [More…]
I want to put to the House that we now have a positive initiative to revive the private sector of the economy, on which I might say most of this middle ground tends to depend and which had been decimated during the term of the previous Government. [More…]
Although I feel as strongly as any other objective and perceptive person in this country about the constitutional issue which resulted in my Party’s losing government, nevertheless I feel that, for obvious reasons, I should address myself mainly to that part of the GovernorGeneral’s Speech relating to our economy. [More…]
The sharp reduction in the rate of growth of the money supply currently in train will reduce the supply of credit throughout the economy and particularly in the housing sector so that the recovery in housing is likely to be cut short. [More…]
With the economy in the trough of the deepest recession since the 1930s, it is staggering that further strong deflationary measures should be implemented. [More…]
With unemployment already at 5 per cent, the returns in terms of reduced inflation from further deflationary measures must surely be minimal if not negative and further deflation risks the creation of a slump and an unemployment problem from which the economy could take years to recover. [More…]
A tightening of credit conditions within the economy is, of course, the result of all of these policies. [More…]
Perhaps it is too early to say whether the monetary measures taken will amount to a credit squeeze but if the Government deficit is less than expected, if the foreign reserves fall appreciably in the next few months, if series II of the ASB proves to be successful or if this Government implements further deflationary measures in the wake of the 6.4 per cent decision we will have a credit squeeze which will send the economy into a further nose dive. [More…]
There can be little doubt that the monetary measures already taken will at least substantially reduce the rate of recovery of the economy. [More…]
In less than 10 weeks the Liberal and National Country Party Government has in my view done serious damage to an admittedly already sick economy. [More…]
He came here when the economy was healthy and when everything was rosy. [More…]
On having a glance at his maiden speech I noticed that it was unnecessary for him to talk on matters of the economy. [More…]
It is obvious from the address presented by the Governor-General that the first duties of this Parliament will revolve around arresting inflation, reducing unemployment and generally creating a healthy economy. [More…]
I must confess that it was rather pleasant to hear the honourable member for Adelaide (Mr Hurford) at least talk about the economy. [More…]
I feel that the success of the policies that we have laid down in the Governor-General’s Speech will restore a healthy economy. [More…]
When we act to restore the economy, inflation and unemployment go hand in hand. [More…]
I refer back to the economy. [More…]
The investment allowance that has been instituted by our Government is something that will quickly help to get our economy moving. [More…]
So in answer to the honourable member for Adelaide, I am confident that our Government can get the economy going quickly. [More…]
We all must work to bring the inflation rate down and put the economy of this nation on a sound basis. [More…]
I ask the members of Cabinet to have a look at this suggestion because I believe it will stimulate the economy as well as encouraging bigger purchases of a capital nature. [More…]
There is to be prohibition on foreign investment in specific sectors of the economy and supervision of foreign companies, according to the Government’s guidelines. [More…]
So primary producers can look to the future with confidence in the knowledge that they have a government in Canberra that recognises the great importance of our wheat, wool, meat, sugar and other allied primary industries which mean so much to the economy of Australia. [More…]
We see now evidence of excessive Government intervention in the economy and the community. [More…]
Hundreds of ABC employees now face dismissal not for reasons related to economy but because this Government is exacting retribution from the ABC for its accuracy and independence in news coverage over the past few years. [More…]
One of the great achievements of the people opposite when they were in Opposition was continually to assert that the Australian economy was being ruined by our economic and social policies. [More…]
I predict that the course of their future behaviour will be to say, as a cover up of their own incompetence, that they took over an inadequate, a ruined economy. [More…]
When considered against the rest of the world some of the things that have been said about the economy and the Government’s policies are nonsense. [More…]
It reads: … to return resource development to its proper role in the nation’s economy and to restore overseas users’ confidence in the Australian mining industry’s long term reliability. [More…]
I am not certain that there is any real economic evidence to show that cutting or supposedly cutting a deficit by borrowing money at a fairly high rate of interest in order to reduce the amount of money which a government borrows from the Reserve Bank at a low rate of interest gives stimulus to an economy. [More…]
Clearly the Government was elected to provide honest and competent government again and above all to restore the economy to health. [More…]
What honourable members opposite could be doing is devoting their energies to the difficult problems that face this country and the government of it and to the restoration of our economy. [More…]
As we freely concede, the economy has paid a price for this expansion in the deficit. [More…]
In the context of an economy beginning to pick up, a deficit of the order initially projected would have been a prescription for accelerating inflation. [More…]
Next the article quoted me as saying- these words appeared in quotation marks- that ‘we are prepared to wear increased unemployment in some areas affected by Government spending in order to bring about an overall gain for the economy’. [More…]
We came in- it may be unpleasant but the country must face it- to find an economy in an absolute shambles. [More…]
It is going to take some tough measures for the country’s economy to be put back onto an even keel. [More…]
The distinguishing feature of the Australian economy today is the rampant inflation which was brought about by a government which was seized completely of profligate ideas. [More…]
Within a very short time, their leader, the Prime Minister (Malcolm Fraser), was announcing his cuts to help the economy. [More…]
It is a path to reduce inflation and unemployment and to put the economy in order. [More…]
Beyond a radius of 240 kilometers from Cairns no one can receive television or commercial radio and many closer areas receive very poor television reception because the installation of equipment necessary to improve reception was cancelled as an economy measure by the last Government. [More…]
I am very pleased that expenditure on defence was not cut in the recent economy measures. [More…]
I am sure that the people of Leichhardt realise that little additional money will be available until the economy improves. [More…]
Conkey’s is all of these things on which the economy of Cootamundra depends. [More…]
For the benefit of Australia’s economy, for the benefit of those who work in industry and for the benefit of those who invest in the industry, I hope that very soon there will be a realisation that there must be harmony on the industrial front and that all sides have an important part to play in reaching that harmony. [More…]
I submit that it would be convenient and appropriate if the House were in fact better advised and better informed through the arms available to it of the very serious trends that have developed in the Australian economy. [More…]
In simple terms it means that for reasons of economy, etc., while in government we increased the patient contribution for pharmaceutical benefits from $1 to $1.50. [More…]
We regret that the necessity was forced upon us to take this action basically because of the inability of the previous Administration to introduce good legislation through being very slap-happy in its attitude and its inability to control the Australian economy. [More…]
But the characteristic which we have for Australia, and which was the background of the 1945 promise, was that full employment could exist only in a confidently expanding private enterprise economy. [More…]
Not only do we have those enormous national and multi-national corporations that dominate the economy but also we have extremely powerful unions which have grown to allow the worker to obtain his share of income that that system generates. [More…]
What I suggest is that thinking in terms of a competitive economy, in terms of laissez-faire, in terms of freedom- freedom of enterprise, competition and so on- we are missing the whole significance of the trend that is going on before our eyes. [More…]
It is obvious that as 1975 drew to a close a vast majority of the Australian people wanted to be rid of the Whitlam Labor Government before it did more and perhaps lasting and irreparable damage to the country’s economy. [More…]
I would like to cite .some figures concerning tourism in Australia and its importance to our economy. [More…]
The trade union training program is essential for a better understanding by rank and file trade unionists and by trade union official of the way in which the economy functions; it is essential to a better understanding of how to manage the affairs of their unions, which is a business when all is said and done. [More…]
Quite properly the last Labor Government found these funds to try to produce viable farms in rural areas beset by increased prices and costs, particularly as a result of the last 3 years of complete mismanagement of the economy. [More…]
The actions of the Government in jeopardising the steady recovery of the Australian economy. [More…]
We in the Opposition are not suggesting that this country is not suffering from a sick economy. [More…]
But we are suggesting that all the signs showed that that sick economy was on the way back to health. [More…]
The indexation rise in national wages expected in February- foreseen not only by those of us on this side of the House but also foreseen by those now in Government- was another way of ensuring that there was sufficient liquidity, sufficient spending power in the pockets of the citizens of this country to assist in the recovery of our economy. [More…]
Let me remind the House of the 1974 credit squeeze, the 25 per cent across-the-board tariff cuts, the range of measures deliberately directed against the Australian business community, the deliberate moves to expand the public sector at the expense of the private sector of this economy. [More…]
More government spending, large budget deficits and easy liquidity have not provided a means of moving the economy out of recession. [More…]
During 1975 there was a rapid growth in the volume of money in spite of the fact that there was very little real growth in the economy. [More…]
When looking at deficits they say that one should not look simply at the fact of the deficit in isolation from the state of the economy. [More…]
Despite all the red herrings about constitutional crises, the Australian electorate on 13 December judged it on its capacity to manage the economy. [More…]
Yet we managed to so mismanage our economy that we have a higher rate of inflation than most of those countries. [More…]
That is true for some individuals, but the overall tax burden which has the adverse impact on the economy has in fact increased because income tax revenue in fact has increased markedly. [More…]
So overall the total economy has had to bear an increased burden. [More…]
If he were to do that, of course, whilst we would have the reverse of Labor’s policies we would have an equally serious consequence for the economy. [More…]
But as he sees the policy unfold he, like all other Australians, will come to see it for the contribution it will make to the Australian economy. [More…]
As other honourable members have pointed out, it is a dangerous illusion to see the public and private sectors of the economy as clearly defined separate packages. [More…]
The Government is merely reducing the deficit by reducing demand in the economy, thereby deliberately creating unemployment. [More…]
Its policies are insular and parochial, showing little appreciation that world economic instability emanates from the ending of the era of United States of America hegemony of the economy of the world- an era which would have ended sooner except for the Vietnam war. [More…]
I suggest that, if the present policies continue, in 12 months time unemployment will still be unacceptably high, the growth rate of the economy will have fallen and inflation will still be with us. [More…]
There is a crisis in our economy but I hope that by concentrating on it we do not forget our defence system. [More…]
The final part of my amendment refers to the question of the economy and refers specifically to the fact that middle and low income families are going to suffer most under this Government’s administration. [More…]
Again one can see from the Leader of the Opposition’s speech just what attitude he takes towards the dynamic forces in our society which can restore the economy of Australia to what it was. [More…]
It is not an inbuilt strength in the economy which can revitalise industry, which can increase employment, which can tend to lower inflation, it is none of that to the Leader of the Opposition; to him it is a cliche. [More…]
As I said at the outset, it is interesting to see what has happened to the country, to the Government of this country and to the economy of this country during the last 3 years. [More…]
It does not explain that this means that it is the women especially who have been forced to carry the burden of this so-called economy measure. [More…]
I turn now to the economy. [More…]
The Prime Minister and the Treasurer (Mr Lynch) talk of increasing confidence in the economy yet the Prime Minister reneged on his election promise on wage indexation. [More…]
We have been told that the economy is in bad shape and that we must reduce expenditure. [More…]
In managing the economy the Government is obsessed with the problem of the money supply. [More…]
I say that we all need good luck to right this economy, which is at a very low ebb at the moment. [More…]
Our fruit industry plays a vital role in the economy of the State, particularly in southern Tasmania where more than 1500 people are directly or indirectly dependent upon that industry for their livelihood. [More…]
A former Tasmanian Premier, Honourable Angus Bethune, once said that if the apple industry and the zinc works were removed from the economy of Hobart it would collapse. [More…]
There is pretty clear evidence that a deviation from those measures is now under way with, I suspect, rather disastrous results for the Australian economy. [More…]
That is an understated figure because it does not include the guest workers who are exported whenever there is a cyclical downturn in the economy which happens in so many European countries like West Germany. [More…]
Other indices of the performance of the economy clearly evidence that the recovery was under way. [More…]
Unemployment will be gradually taken up before there is any significant move towards investment in the economy. [More…]
To what extent will the investment allowance go to stimulate investment in the economy when the cut-off date is 1978? [More…]
The only sort of recovery you will get in the economy, apart from an export led one- there is not much evidence that that is likely- is a consumption led recovery. [More…]
The level of deficit- the level of public expenditureat the present time is a reflection of the degree of slack that exists in the economy. [More…]
Public expenditure at its current level, or at at the level at which it has been until recently, has been necessary to maintain the level of activity which has occurred in the economy. [More…]
Do not tell me that Sweden is not an efficient, innovative economy in which the private sector is particularly successful and functions with a very low degree of protection competitively on world markets. [More…]
Finally I move on to the overall economic situation at present, speaking in terms of the Government’s management of the economy and its strange and, it seems, dangerous preoccupation with the deficit. [More…]
Some diminution of inflation would be more than offset by the dislocation caused to the private sector and the economy generally especially when measured in terms of the cost of lost production. [More…]
The burden has fallen most heavily on the productive sector of the economy, on those people who have lost their jobs and on the weaker and poorer sections of the Austrlian community. [More…]
The Conciliation and Arbitration Act requires the Commission to take into account the impact of the Commission’s decisions on the Australian economy. [More…]
How soundly based that decision was for the well being of the Australian economy, for the well being of the wage and salary earners, will soon be discernable for all to see. [More…]
Is there anyone who has argued that that decision was positively good for the Australian economy? [More…]
These reforms were overwhelmingly endorsed by the people, and in my humble view they constituted the petty cash sector of the national economy. [More…]
But the moment that we as a government attempted to control, to direct, those corporations and forces which move and in fact machinate large volumes of money across this nation, the moment we set in train legislation to control and direct the decisive sectors of the economy, such as fringe banking areas, a different attitude emerges. [More…]
I am standing here because of the manner in which his colleagues totally mismanaged the economy of our great nation and because of the lack of real concern exhibited by his colleagues for the average people of Australia, not to mention their new found friends of a particular political colour. [More…]
The economy of Mount Morgan has relied mainly on Mount Morgan Ltd which has now announced that the mine will close at the end of 1976. [More…]
I might add that Mount Morgan injects almost $lm a week into the economy of central Queensland. [More…]
My electorate depends on the tourist industry for a significant part of its economy. [More…]
It seems to me to be unbelievable that a nation which is dependent so much on foreign investment, whose economy is so volatile and whose exports are bound for Japan and other nations in the Far East, has no national plan whatever. [More…]
It took such a xenophobic and obsessive approach to foreign investment in Australia that it brought to their knees several vital sectors of the economy which rely heavily of foreign investment, notably the minerals sector. [More…]
What we must ensure, though, is that liquidity in the economy is not excessive at that stage, otherwise we will be back into the boom and bust era and the inevitable problems of stop-go economic policy. [More…]
In country areas resources displaced from one industry frequently cannot be readily absorbed in another even when the economy is far more buoyant than it is today. [More…]
It said that it would bring about a balance by encouraging private sector development in the areas of Sydney and Melbourne that I have mentioned, thereby killing 2 birds with the one stone by giving a stimulus to the economy. [More…]
I would remind the House that transport costs are a major element in the Australian economy, and therefore we have to be very careful when we add to the costs of goods and services by increasing transport costs. [More…]
When one compares the cost of an economy flight on an internal airline in Australia- in Australia internal airlines these days make up a fairly high proportion of the means of travel in this countrywith the cost of first class rail travel, one finds that airlines already charge twice as much. [More…]
I have some figures on the latest economy class fares for air travel between various ports around Australia. [More…]
For example, the economy class fare from Sydney to Adelaide is $69.90. [More…]
One might say that whereas previously there was despair there is now hope and the action of the Government in restricting this increase to a token amount- I would describe it as such- would give the industry some further encouragement to believe that as the economy is restored in this country it can be afforded some relief from these burdens with which it has been afflicted. [More…]
One aspect of economic management of this country, an aspect which the Labor Government completely lost sight of all the time, is that if one is to have a sound economy one should move steadily. [More…]
A sudden disruption to the economy by the introduction of extreme charges would have a very serious effect on the economy as a whole. [More…]
It ought to be recognised that general aviation faces not only increases in costs in air navigation charges- that is not the major cost of its whole operations- but also increases in fuel costs, pilots’ wages and in wages generally caused by the inflationary circumstances flowing out of the careless approach to the economy of the previous Administration. [More…]
As we tackle the economy and get the inflationary problems under control, I hope that there will be a reflection of that in some growth in the various sectors of aviation. [More…]
I have to say that in the light of the economic circumstances in which this Government is placed because of the stupidity of the previous Government in its whole handling of the economy I am unable to be as free as I would like with the honourable member and to give him what he would like in this regard. [More…]
The efficiency of our sea transport is central to our economy. [More…]
It is, I am afraid, regrettably typical of the late unlamented Labor Government that it was prepared recklessly to waste resources on ill-considered schemes but was not prepared to devote the time, effort and attention to installing systems such as Omega and many others which would be of great value to the development of our economy. [More…]
I now appeal to honourable members on both sides of the House to see that this most important project which will cause valuable improvement to our economy is now proceeded with without delay. [More…]
The Government presents Australia as being an hermetically sealed economy governed by a government with an hermetically sealed mind. [More…]
This is of vital importance- international liquidity necessary for the growth of the world economy was primarily supplied in the form of balance of payments deficit on the pan of the United States. [More…]
A major example of this was the world flood of Euro-dollars and its distortion of the European economy. [More…]
On 27 February 1973 the then GovernorGeneral, Sir Paul Hasluck, announced the new Labor Government *s legislative program- a program that was developed in the knowledge of a sound economy and in the knowledge that the electorate, having obtained a high standard of living and affluence under 2 decades of LiberalCountry Party Government, was reflecting aspirations and expectations to meet new and emerging human and social values. [More…]
I am sure that the electorate could not have foreseen that after only 3 years of Labor rule the sound economy on which effective change was possible could be so destroyed by socialist thinking, incompetence and inefficiency. [More…]
But all these advances required a sound and growing economy. [More…]
Small businesses are the backbone of this nation’s economy. [More…]
These costs are for the most pan determined outside the rural sector of the economy. [More…]
If it is being deferred as a money saving measure then I suggest this is false economy. [More…]
Already it has had one deferment of about 8 years because of an economy drive. [More…]
The suggestion that the project can be deferred as a money saving measure is false economy. [More…]
The policy we followed as a result of advice from the bank, the Treasurer, the Treasury and other departments has been correct in the interests of the recovery of the economy and having in mind the enormous damage done by the irresponsibility and the lack of any responsibility by the former Prime Minister over, the previous 3 years. [More…]
It is the desire that these mines should proceed so that the economy can get the benefit of these very large scale projects, but that they proceed on a basis that will not jeopardise existing coal mining operations in Australia and that we endeavour to obtain the highest possible Australian equity participation. [More…]
I listened to his specious arguments in support of this matter of public importance, on behalf of an Opposition that brought the Australian economy into a state of ruin in its 3 years of government. [More…]
I have inherited a pretty unhappy situation so far as the economy is concerned. [More…]
We are also concerned with the total, overall economic position that confronts this country, because until we get the foundations of the economy soundly based there is no way in the world that we will be able to extend the services that are necessary to meet the basic needs of the average person. [More…]
Its social welfare programs had plenty of merit, but in trying to implement them the former Government practically destroyed the whole foundations and the fabric of the Australian economy, which would have rendered impossible the discharge of even the most paltry assistance to areas of need. [More…]
So it will take us some considerable time to rectify and to put into proper place the Australian economy so that it does generate wealth, so that wealth is available to be directed to the areas of need. [More…]
The Fraser Government, on coming to office, tackled the fundamental problems facing the Australian community, namely, to bring order where chaos now exists in the economy, to provide an economic climate where people can find employment, and to provide an economic climate where the stresses on the families of the nation are reduced so that mothers who wish to care for their children at home are able to do so. [More…]
If the economy were in better shape, if the tax burden on the incomes of their husbands were relatively reduced, they would be able to provide childhood services for their own children. [More…]
The Treasurer has mentioned that he may be making a general statement on the economy shortly. [More…]
The theory is that when the economy is not performing well you stop it from performing at all, then after a time you start it going again in the hope that everyone will have learned their lesson and the whole thing will perform better. [More…]
Our economy was steadily recovering from illhealth. [More…]
However, I point to the disgraceful mismanagement of the Australian economy by the then Labor Government which led to the highest inflation and the highest unemployment ever and to a stagnation of business investment which is at the core of the malaise of the economy. [More…]
If it was short of money it just printed more and pumped it into the economy to the disadvantage of Australia. [More…]
So, of course we questioned and held up so far as that was in our power the Loan Bill 1975 because of the totally irresponsible economic management of the Australian economy by the then Government. [More…]
Let me make it clear that that preoccupation springs from our overall economic strategy which is to reduce inflation, to get the Australian economy moving again, and to provide meaningful, gainful employment for all Australians- to restore full employment. [More…]
This was increasingly at the expense of productive activity in the non-government sector of the economy- the private sector comprising Australian business, large and small. [More…]
I could refer for instance to a study, a model, of the economy which was made by the Wharton school. [More…]
It is often said that because of the way the economy went wrong the previous Government must have got some very bad economic advice and, indeed, that those who advised the Government ought to be put in a submarine and taken down to great depth in the ocean, the object being to see whether deep down they were as stupid as they appeared on the surface! [More…]
Therefore, the money is re-injected into the economy. [More…]
As I said in this House last week, I frankly feel that it is about time the Government blew the whistle on its efforts to soak up money in the Australian economy. [More…]
Add to that the very low velocity of money movement in the economy and I think there is a very strong ground for any industrialist, any small businessman, any householder or any worker to be concerned at the direction in which the economy has suddenly been pointed. [More…]
Activity was going to be injected into the economy because of undertakings we would get from the private sector and without any obligation incumbent on this Budget this financial year and probably not next financial year either. [More…]
It is quite all right to talk about the minutiae of Government expenditure policies or to talk about precise details as to rates of growth or rates of the contraction in the money supply, but what is sometimes forgotten is that Government spending policies, the rates of the increase in money supply and, insofar as they can be calculated, the rates of change of the velocity of money supply are all designed to serve one purpose and that is to balance an economy so that the benefits of the economy can be distributed as widely as possible. [More…]
A deficit can be a saviour of the economy, but the tragedy that has occurred and the tragedy that is with us is simply that a deficit of something like $4,500m was found to be necessary. [More…]
In the one sentence it is said that that under-employment and that under-utilisation of economy have been such as to warrant a deficit of that nature. [More…]
The Australian economy, while it was not as healthy as it ought to be, was by no means as bad as the Government and its supporters like to make out, and it will get worse unless those people begin to apply much more practical remedies than just to live on the inheritance of large unemployment and more inflation than they would like. [More…]
If a government is able to bridge by loans the difference between what it spends and what it gets in taxes you can get a circumstantial shift in the pattern of the economy. [More…]
This theory that if the Labor Party had been voted back into government it would have brought the Australian economy back is a figment of the imagination. [More…]
I am not crying doom and disaster, but I am saying that in my book it is not good enough that the Australian economy should be left for long in the shambles in which the Labor Party put it. [More…]
One hopes that these moneys would not be allowed to go into flash inflation but could be spent gradually so that the economy would consume more and give more employment and better conditions to business throughout Australia. [More…]
We need an immediate tax reduction and we need some kind of stimulation of the economy through public spending directed mainly towards helping private enterprise to expand. [More…]
They are all preferable to spending $500m a year as we are spending now on unemployment benefit which is a hardship to the recipients and a loss to the productive capacity of the economy. [More…]
By passing the cost of inspection services back to Consolidated Revenue the Government has again accepted that Consolidated Revenue also benefits from a sound export industry as does the Australian economy as a whole. [More…]
The people of Angola have suffered greatly as a direct result, both in terms of the loss of life and damage to their economy. [More…]
-by leave- This Government has been elected to office at a time when the Australian economy is experiencing the results of its most serious setback in the post-war period. [More…]
As a result of the economic vandalism of the past 3 years, inflation now threatens not only the future working of our economy but the very structure of our society. [More…]
But, as the great majority of Australians are very much aware, there is no longer any alternative if our economy and society are to be hauled back from the brink. [More…]
If the facts were not beyond dispute it would be unbelievable that the Australian economy could have been brought to such a state in just 3 years. [More…]
In the 23 years prior to 1973 successive Liberal-Country Party governments consistently steered the Australian economy along with a record, so far as inflation and unemployment are concerned, better than nearly all other economies. [More…]
In essence, the Government sees its task as that of slowly steering the economy onto the path of a firmly based recovery. [More…]
The economy’s productive capacity depends in part on its capital stock- the stock of plant, equipment, machinery, buildings, etc. [More…]
The several years of subdued investment activity which Australia has experienced have impaired the economy’s productive capacity in that respect. [More…]
What this means in terms of the period ahead is that the economy will be able to accommodate, without strain, a much smaller expansion of demand than would otherwise have been the case. [More…]
Whatever is said about consumption or investment-led recoveries, the key point is that the Australian economy should not wait another year or more for private investment to begin to turn up. [More…]
The measures of 22 January were aimed at soaking up part of the excess liquidity in the financial system without sending the economy once again into a tail-spin. [More…]
As I said earlier, the prospects for renewed growth of the economy and of job opportunities depend critically on reining in inflation. [More…]
At this point in time the Australian economy is rather delicately poised; there may very well be only a fine margin between a recovery which firms and strengthens and a recovery which aborts early. [More…]
The indisputable fact is that the recent 6.4 per cent increase in wages handed down by the Conciliation and Arbitration Commission has been a severe setback to hopes of improvement in the economy- to hopes of a continuing steady reduction in inflation, to hopes of business recovery, and above all, to hopes for more jobs. [More…]
Yet this long and windy statement attributes to the previous Government all the ills of our economy. [More…]
No one doubts that the major issue in Australia today is the state of the economy in which we are facing a $4.7 billion deficit in the Budget and also the massive rate of inflation that no society can live with. [More…]
The economy is diverse. [More…]
Look at the electorate of Kalgoorlie, which would contain some of the vast natural resources of the State of Western Australia and which must be injecting massive amounts of money into the Australian economy. [More…]
The Workers Party is the handmaiden of the Liberal Party, though not of the Country Party whose members have never seriously urged a pure free enterprise economy. [More…]
In many aspects of education, as in so many other fields of the economy, such programs do not lend themselves to efficient year to year planning and forecasting. [More…]
In doing so I want to thank him for his drive, his determination and his success in replacing a regime which almost ruined the Australian economy and our relations with many of our trading nations, to such a degree almost that no future government could retrieve the situation. [More…]
This, of course, was the ruination of the economy. [More…]
That period, as my colleague so rightly says, relates specifically to the 3 years in which the Labor Administration was in charge of the economy of this country. [More…]
Whether we accept a base of five or six per cent, the fact remains that this represents a significant expansion of the Japanese economy and hence, for countries like Australia, enormous opportunities for our exports. [More…]
Since the foundation of our understanding started with the economy and with trade between our nations, it seems an obligation almost that private enterprise and business should be involved in the Foundation. [More…]
No doubt if lower interest rates are the result of the upturn in the United States economy which is taking place at present, lower interest rates could be achieved in relation to this loan which it is more likely than not will be negotiated in the United States. [More…]
My colleagues and I are committed to the mixed economy. [More…]
The people in Western Australia who travel MacRobertsonMiller Airline Services get a second rate service and an economy rate aircraft for first class fares. [More…]
The Liberal-Country Party was the Party which prevented the Labor Party allowing TAA to operate in Western Australia, which would have given the people of that State an immediate first class service, with a reduction in air fares for those people who wanted to travel economy instead of, as at present, travelling in an economy class aircraft with an economy class configuration at first class rates. [More…]
But in the matter of insurance and security relating to the operation of these aircraft there is room to effect a worthwhile economy by effective security measures and hopefully in the longer term some reduction of world tensions and dissension that may give these aircraft and, more importantly, their passengers, safe passage through the air. [More…]
There is the doctrine of private affluence and public squalor, of cutting government expenditure and, by some magic which of course does not exist, thus bringing about a revival in the economy. [More…]
There will be a revival in the economy but it will be due to the world upturn, which has already started in the United States of America. [More…]
It is water under the bridge now but perhaps we should be turning our attention to the more specific thing of trying to avoid for the future the necessity of taking in foreign investment as an alternative to going bankrupt, because the Australian economy is surely capable of doing that. [More…]
When we were in Opposition we acknowledged that the economic difficulties were world wide but we said that because of the action of the then Government, which is now the Opposition, because of its failure to appreciate the circumstances of the economy, because it endeavoured to do many things far too quickly and because it failed to appreciate the situation which confronted it as a government, it aggravated the economic situation to a far greater degree than was really necessary. [More…]
Surely the government of the day was aware of the general downturn in the rural economy. [More…]
For practical purposes it was not possible to give more than a month’s notice to the pharmaceutical manufacturers in view of the fact that the Government had to take decisions to reduce public expenditure at a time of very serious difficulties within the economy- difficulties that it inherited from the former Government. [More…]
If that is the nub of the question I think it is fair to say, looking first at the financial year 1974-75, that the House will be very much aware that the excess of government spending over government receipts- in other words, the deficit- does result in excess liquidity in the economy. [More…]
This action is necessary because of the expected high Budget deficit and the consequent adverse effects upon the national economy which would inevitably arise in the absence of corrective action. [More…]
We need to marry the interests of the Government and of the private sector in the economy if we are to achieve what all of us hope to achieve, and that is desirable social and economic objectives in regional development. [More…]
When it was first set up it had some of the best economic minds looking at the macro aspect of the economy. [More…]
9, prepared by officers of the Department of Urban and Regional Development examines investment in detail and deals with the economy in micro as well as macro aspects. [More…]
I have seen many small factories in small country towns operating in a very viable fashion and making a substantial contribution to the economy of those towns. [More…]
I do not know the cost but honourable members should ask themselves what would be the cost to the economy of a one-day blockade of our shipping routes? [More…]
These costs, often to be weighed against our economy, must be considered when considering defence matters. [More…]
I am further informed that the provision of these facilities to banks and money market dealers stems from their special positions in the economy including the very detailed legislative or other close supervisions under which they operate and the special nature of their activities. [More…]
I should like to point out that the basic purpose of NEAT in a time of rapid technological and structural change is to enable people to upgrade their skills so that they can make a satisfactory life for themselves and a productive contribution to the economy. [More…]
-In his major statement to the House on the economy and economic policy the Treasurer (Mr Lynch) has presented, it seems to me, a very disturbing document. [More…]
The 1975-76 Budget of the Labor Government was framed to contain a sufficient policy mix to enable the Australian economy to move out of recession without sparking off widespread inflation. [More…]
The size of the deficit merely indicated the degree of slack, the degree of unemployed resources present in the economy. [More…]
The economy moved swiftly into recession from about the second quarter of 1974. [More…]
But in response to the downward movement in the economy a range of stimulatory measures were taken in late 1974 and early 1975. [More…]
The big increase in the deficit in 1974-75 arose mainly from these and other responses to a depressed economy; it was not in any sense a cause of the movement into recession. [More…]
It would appear now that the first half of 1 976 will see M3 growth at an annual rate of about 8 per cent and with inflation continuing at about IS per cent this implies a significant tightening of financial conditions throughout the economy. [More…]
I and other Opposition speakers pointed out during a recent urgency debate on the economy that all the measures taken by this Government have imperilled- severely jeopardisedthe recovery planned in the 1975-76 Budget, which plans were seen to be working in spite of the hampering of the constitutional crisis. [More…]
The prospect of many ordinary people being substantially disadvantaged on the off chance that the Government’s measures will in a magical way cure the economy of its ills, is not a pleasant one. [More…]
If the Government could remove itself from its ideological straitjacket, the prospects for the Australian economy would be vastly improved. [More…]
What the Opposition cannot and will not see is the destructive impact of the course on which the economy was set during the years in office of the Australian Labor Party Government, a course which brought low the whole economy and gave the public sector a larger share but of a diminished cake. [More…]
It brought the economy to its knees, with 250 000 people unemployed and rampant inflation. [More…]
What about the suffering and difficulty caused by the most rapid inflation that the economy has suffered? [More…]
The mechanism that honourable members opposite cannot or will not perceive is that they had the economy caught up in a rapid momentum of growth of government spending, financed by the rich harvest of personal and company taxation, which resulted to a considerable extent from the inflation it thus generated. [More…]
Under the previous Administration it was as though the economy was hooked on the drug of this ever-increasing process of spending with its adverse effect and, as with a drug, the withdrawal process is an extremely difficult and complex one. [More…]
We know we will not win any short term bouquets in pursuing the process of bringing the economy back to heel. [More…]
That is at the centre of the malaise of the economy which developed under the previous Administration and it is of the utmost importance that our policy be directed there. [More…]
I suppose that is all summed up in the glib phrase that was used during the election campaign, that is, that the Australian economy was on its knees. [More…]
To suggest the Australian economy was or is on its knees now is utter nonsense. [More…]
The Australian economy is still one of the healthiest economies in the Western world and I would submit that nothing has been done yet by the Government now in office that in any way has changed the economic situation for the better. [More…]
I think it is time we stopped this nonsense of suggesting that the economy is on its knees. [More…]
That is what should happen in an economy. [More…]
I say categorically that there will be no fundamental change in the Australian economy either in my lifetime or in his and he perhaps has a bit longer to go than I have. [More…]
The future attitude to wages- in the analysis that the Treasurer indulges in- contains some very serious implications if, as the honourable member for Berowra said, the real uplift in the economy must come from rising real consumer demand. [More…]
If there is to be any incentive to the great producing sectors of our economy, if there is to be any incentive for people to provide the jobs, there must be a reasonable degree of return on investment To members of the Opposition I say that that means profit. [More…]
This Government’s philosophy is about withdrawing and getting the dirty fingers of government out of the lives of people and out of the management of the economy, in terms of the private sector and its relationships with the other sectors. [More…]
I believe that in doing that, with the minimum intervention by the Government, we will get the best response and we will get the greatest benefit to the economy. [More…]
The greatest benefit to the economy means that everybody gets a greater share. [More…]
Our responsibility now is to redress the imbalance of the last 3 years and to see that our economy is put back on its feet. [More…]
That Government ought to have been concerned not with handouts, not with that redistribution, but with the creation of a stronger economy. [More…]
Although, in individual and in isolated terms, people are prepared to accept that the National Employment and Training scheme is good, that the Regional Employment Development scheme may have had some benefits, that the Australian Assistance Plan and the Australian Improvement Program may have had some intrinsic value in view of the economy of the time and the difficulties that are faced by the economy of the time, these things may have to be deferred. [More…]
We are prepared to have them discussed but, above all, we are desirous of saying to the business community, to the private sector, to the wage earners and to everybody who is involved in our economy: ‘We are trying to set you guidelines which will continue and which will be consistent for a period of time in which you can make your economic decisions in the knowledge that those economic decisions will not be changed next week, next month or some other time.’ [More…]
We, at least, will offer the most important thing that the business community and the economy could ask for- that is, consistency of policy. [More…]
If we can achieve that, we will have done a great deal for the Australian economy. [More…]
It is the continued reiteration which we saw for 3 years- and which is still continuing, understandably I supposeof the tired assertions that the state of the economy is due to Labor’s mismanagement. [More…]
I do not intend to say that the Labor Government had nothing to do with the state of the economy. [More…]
But it must surely be acknowledged that all around the world there were enormous difficulties in managing the economy in that period. [More…]
Having dealt with a few items to explain that the state of the economy was by no means entirely due to Labor’s mismanagement I would like to refer to the supposition of the Treasurer that the principal economic variable to control at present is the money supply, or the rate of growth of the money supply. [More…]
For the first time we now have to consider the fact that America’s method of regulating and governing its economy is much more successful than ours. [More…]
I hope to be kind in my remarks but, quite frankly, the mismanagement of the economy over the last 3 years of government has so increased the cost of production that our exports are now not competitive on any market in the world. [More…]
So today the local economy of the towns is not so much dependent on dried fruit. [More…]
The economy depends more on the success of the wine industry insofar as that industry frequently uses sultana and gordo grapes for a wide variety of measures. [More…]
In a period when the Government is endeavouring to rectify the mistakes of the previous Labor administration and to place our economy on a sounder basis, I believe it is reasonable that the Australian Broadcasting Commission should be placed in the same position as other government activities, many of which have been curtailed. [More…]
I am taking part in the debate not to deal with the amendment to the Address-in-Reply to the Governor-General’s Speech moved by the honourable member for Scullin (Dr Jenkins) but to support those parts of the Speech which relate to the state of the economy. [More…]
First we have the major task of ensuring that our growth is continued and that our national development increases so that we can develop a prosperous and successful economy. [More…]
Unmistakably as the Prime Minister (Mr Malcolm Fraser) has so consistently pointed out, those problems are inflation, the money supply, unemployment and the transfer of real resources from the public to the private sector of the economy. [More…]
Let us now consider what is happening in the economy. [More…]
We have to consider these problems and we have to accept the fact- and it is accepted today by most commentators- that the economy is in a state of stagflation. [More…]
One of Sydney’s leading business consultants has stated that anyone who says the Australian economy is in a process of recovery will be at a loss to back up his claim with facts. [More…]
I believe that today there may be a need for stimulus in the private sector and there may be a need to have a selective Keynesian approach to special assistance in some areas of the public sector of the economy and probably for some temporary personal taxation relief even if it means a reduction in expenditure somewhere else in the Budget. [More…]
I had intended to speak about the private sector of the economy because I believe that the facts about how drastically this section of the community has been treated are not quite known. [More…]
In this context I want to emphasise that one of the 2 prongs of our approach to the economy is that we must stimulate the private sector of the economy- Mr Fraser’s words. [More…]
They accept these drastic and hurtful parts of the Government’s program because the people they care about are not those who need help but those who, if left to their own devices, will be able to strangle this economy in their own interests and to the advantage of the terribly few. [More…]
While I am speaking of this I should like to ask the Government urgently to consider the across-the-board economies which have been forced on the Treasury and the Government by the complete and utter bungling of the economy by the Labor Party. [More…]
But with the economy the way it is it will not be easy. [More…]
It has been saidand I have spoken in this place before about itthat these cuts from the works programs; I say ‘cuts’ because that is what they are referred to as in the paper; they could be deferrals of allocations or some other kind of economy- of $154m will be deleted from the civil works program in the Northern Territory. [More…]
We reach the position that if we are to run any debate in this Parliament on the basis that we have not got control of the economy or our financial resources we cannot really offer any policies whether we are talking in terms of State government or local government or development or aid to underdeveloped countries. [More…]
I fear that the disastrous state of the economy left to it by the now Opposition, which hangs like a millstone around the Government’s budgetary neck, will prevent it from implementing a tax indexation policy as fast as it would like. [More…]
However, it seems clear that if the scale of taxation becomes so high, as indeed it must to support the socialist system which the Opposition would like, then I believe it is a disincentive to work and eventually will bring about the downfall of the economy. [More…]
Aspects of the Government’s strategy to control inflation and to revive the economy have been dealt with by most speakers in this debate. [More…]
As the economy revives and the deficit is bridged such an explictly imposed Labor deficit bridging tax should be repealed. [More…]
If it were not for the disgraceful way the previous administration handled our economy that would not be necessary. [More…]
The blame also rests with the Labor Government’s total mismanagement of the economy and, I believe, with the union leaders themselves, many of whom have a lot to answer for because they have priced many of their workers out of jobs. [More…]
But in our view there is no other way that we can get the economy into some sort of sensible proportion. [More…]
The effect on the people is the important aspect because the economy of the country has an effect on every single person in our community. [More…]
They have also felt the effects of the downturn in the economy in these rural areas. [More…]
Again, a lot of that is the responsibility of the previous Administration because of its poor handling of both the economy and its trade policies. [More…]
We are endeavouring to straighten out the matters in the economy itself and to overcome the trade difficulties to get the rural industries back on their feet. [More…]
Insofar as the subsidy itself is concerned, in the tight economic climate in which we find ourselves I am not able to confirm any assistance from that source but I am hopeful that the other actions we are taking in the economy will lift the operations of services like Bush Pilots Airways Ltd which I know are of great concern to the honourable member. [More…]
Would he not agree that either course represents an extremely severe cutback in government expenditure in real terms, with consequent savage effects on the economy, especially on the private sector? [More…]
In accordance with the constraints imposed on the Australian economy at present we will reach our conclusion in due course. [More…]
The provision of funds for welfare housing was one of the major achievements in the changing of resource allocation in our economy. [More…]
A lot of resources in the community are not being used and greater sums could be made available without any pressure on the economy. [More…]
I believe that a stimulus to the public sector, particularly in the welfare area, would provide a stimulus to the economy. [More…]
It might get the economy moving in such a way that, in an area such as housing, which has a cumulative effect on the economy, people could move back into employment. [More…]
In my view, this would assist in creating a stimulus to the economy, and I would encourage the Government to act in that way. [More…]
They look at the economy in a broad-brush way and not in the detailed way that the Department of Urban and Regional Development was set up to do. [More…]
That Department had some say at least in the more detailed aspects of the economy and considered the human problems that needed to be overcome. [More…]
Although the Opposition does not oppose the Bill, we believe that the Government should be encouraged to provide a stimulus to the economy and inject more money into this area than is at present being injected. [More…]
As I said earlier, if the Opposition were in government now, with the circumstances that are prevailing in the second half of the financial year, I am quite sure it would make available more money for this sector of the economy to try to overcome the backlag in public housing and to give a stimulus to the economy. [More…]
The background reason is the level of the economy and the economic activity that was heritaged- to coin a word- to this Government when it came to power on 13 December. [More…]
The pinch of want is being felt in terms which are not necessarily bad but one has to get the economy into a stage of equilibrium. [More…]
It has always been my view that when an economy was to be brought into line and sacrifices were to be made those sacrifices ought to be distributed as widely as possible and as equitably as possible. [More…]
Welfare housing is only a part of housing; housing is only a part of the building industry; and the building industry is only one section of the general Australian economy. [More…]
Because the economy under Labor by now would be at a higher level of activity, there would not have been the pessimistic noises - [More…]
The offer of the Queensland contractors indicates the strength of the private sector in the economy. [More…]
I believe it is necessary not only for economic fortunes of primary producers to be considered but for the whole of the social, geographic and development opportunity and contribution which they make to the national economy to be taken into account. [More…]
Free and fair competition is a basic tenet of a free enterprise economy. [More…]
They still represent the second largest force in the Australian economy, behind the great mining industries. [More…]
We all have a responsibility to understand and to do what we can as legislators for what are undoubtedly the important sectors of our economy. [More…]
I ask the question: What does happen to the Australian rural economy without superphosphate? [More…]
There are not only farmers in the country, there are country towns and great provincial cities in Australia that depend on a vital and healthy rural economy. [More…]
Whilst we do not say that these measures are welfare measures, they in part will put some confidence back on the one hand and on the other put some life back into the economy in a financial sense. [More…]
I acknowledge that primary industry is still a tremendously important sector of our whole economy. [More…]
All industries in all sectors of the economy face the need for adaptation and adjustment over time in the light of changing demand, changing technology and changing cost and price structures. [More…]
The broad basis of the Government’s economic policies was set out in my statement to the Parliament on the economy and economic policy on 4 March last. [More…]
In consequence the volume of money had been increasing at annual rates in the vicinity of 20 per cent for more than a year while, over the same period, the economy had shown no growth whatsoever in terms of constant prices. [More…]
In short, the Government inherited an economy which was being swamped by a flood of liquidity generated by an extravaganza of government spending. [More…]
Moreover, the requirement to reduce the excessive existing level of liquidity was greater than could be achieved simply by slowing the rate at which additional funds were flowing into the economy. [More…]
Firstly, and most importantly, seasonal factors apart, the Budget remains in heavy deficit and is still pumping liquidity into the economy. [More…]
As far as the underlying trend rates of change in the money supply are concerned, I have already referred to the estimates in my statement on the economy of 4 March. [More…]
For example, the economy at the present time is in a chaoticcondition. [More…]
The presence of so many small businesses in Henty has enabled me to observe their problems at first hand and to gain a practical understanding of the significance of small business to the Australian economy. [More…]
Small business has made a tremendous contribution to our economy in the past. [More…]
Whilst we recognise the problems of the industries, in responding to the urgent need to get our economy in shape we are at risk that many of the young people in these industries are being denied the opportunity to remain in the industry or to establish themselves in primary industries. [More…]
That is dramatic evidence of how one sector of the economy has to work harder and harder to earn less and less while other sectors of the economy, represented and supported by the gentlemen opposite, must apparently get a special reward by getting paid more and more for doing less and less. [More…]
Our farm products contribute a staggering amount of money towards our export revenue and without this income Australia’s economy on an international basis would not be of the standing that it is today. [More…]
I am rather curious to know how he intends to achieve that because all of the leading economic indicators are now showing that the economy is turning down after slight evidence of a recovery towards the end of last year. [More…]
The figures for January and February confirmed by the sort of intelligence one gathers from personal contact with business people show clearly that the economy is turning down again at least into stagnation if not into perhaps a deeper trough of recession. [More…]
Since the economy is in recession, it is neither practicable nor possible to satisfy everyone’s requests for specific employment. [More…]
As the economy improves there is every expectation that , as a result of the Government’s measures, skilled people will be helped through the CES to take jobs which are within their capacity and which utilise their skills fully. [More…]
It is ridiculous that people should be expected to sit on the sideline, watching the Australian economy go by and presuming that because they have paid taxes in years gone by they can now sit back and enjoy the fruits of their lack of activity. [More…]
The objective of the exercise is that if this country is to work itself out of the present extremely serious economic malaise we need the full co-operation of every Australian citizen at all levels of the Australian economy. [More…]
If this country is to continue as a mixed economy in which people are encouraged to make goods or provide services and if it is to prosper then it is obvious that those goods and services must be sold. [More…]
It is the desire of Government to ensure that necessary changes in the industry are brought about in a way that can be sustained by the economy. [More…]
Mr Brewer found that 67 per cent of the unemployed had lost their jobs as a direct function of the downturn in the economy. [More…]
The reason for that is this Government’s decision to give short sharp knocks to the economy. [More…]
So for that reason there will be more and more unemployed as the months roll by, because of the short sharp knocks to the economy which this Government is giving. [More…]
Surely it is false economy for government to do nothing until a disaster occurs at a cost to the nation of hundreds of millions of dollars and then to do nothing again until the same thing happens all over again. [More…]
The repercussions within the economy would go even further- into the retail industry, the transport and advertising industries, etc. [More…]
I know that this Government will give the garment and textile industry its full attention in its efforts to regenerate business confidence, business investment and the re-employment of the workforce to get the economy back to normal. [More…]
The failure of the Governor-General to provide information on these matters has put this House in a position in which financial debates are conducted on the basis that we do not have control of the economy. [More…]
We must reestablish the economy of this rich and vigorous country and then carefully press forward with social welfare, health and education policies which will ensure that this country is second to none. [More…]
The changes we will have to bring will respect the right of the individual, will be managed properly and will be implemented only when our economy can safely underpin them and ensure their continued viability. [More…]
By and large, they are better off today than many other sectors of the Australian economy, but they are the glorious exception. [More…]
In order to reduce inflation and in an endeavour to stabilise the economy it has become necessary … to implement a number of measures to reduce Government expenditure. [More…]
I don’t think it is stretching things too far to say that our uranium reserves will give us a position of tremendous influence, even power, in the world economy. [More…]
Japan’s economy now requires so large and diverse an input of raw material imports that, according to the best advice, access to and control by military power of all the resources Japan requires is not possible. [More…]
It can transform the whole of our Australian economy. [More…]
In the case of a family with 2 children where both husband and wife are pensioners, instead of what is a reasonable expectation in the circumstances at the present time that they will get an addition of $1 a week to their pension income as the adjustment in the dependants’ allowance because of the 6.4 per cent increase in the consumer price index, which seems to have flowed to every other sector in the economy, they are going to get nothing- not even cold comfort. [More…]
I hope that this does not reflect an economy measure imposed by the Government- that restricting entitlements would restrict expenditure. [More…]
One of the greatest criticisms that can be levied can be levied at honourable gentlemen opposite for the fact that they have placed the Australian economy in the inflationary spiral which now exists. [More…]
It is true that there ought to be automatic adjustments as the economy changes. [More…]
But there is no doubt in my mind that the transfer of wealth from the profit area to the wage area of the economy produced the great area of social satisfaction and greater quality of life for a large number of Australian people. [More…]
Quite clearly the honourable member for Chifley wants to see what happens in Parramatta in isolation from what affects the Australian people as a whole and he wants to try to say that this issue ought to be seen in isolation from the important matters that face Australia, such as our economy and employment. [More…]
It was because of the approach that the Government will take in relation to the economy and in relation to employment that it won and will keep on winning, and when it is responsible to build this centre in Parramatta it will be built. [More…]
Australia, like England and the United States of America, has a degenerate Western capitalist economy. [More…]
This Government and all policy makers should take a good long look at the obvious trends in our economy. [More…]
Whether or not ‘government planning’ is a dirty expression for the bourgeoisie, it has to become a reality in this economy. [More…]
Role of Foreign Investment in the Australian Economy [More…]
Before I proceed to outline the details of our policy it is important to consider the role of foreign investment in the Australian economy. [More…]
Any successful policy in this field must be based on sound understanding and judgments about the way in which inflows of foreign capital affect our economy. [More…]
It can stimulate competition within our economy, thereby improving our efficiency and international competitiveness. [More…]
They will also feel deprived if foreign investment occurs in such a way as to deny them reasonable participation in the development of their own economy. [More…]
I repeat the assurance which I have already given that no measure under the Government’s cost recovery program or economy drive will be permitted to put at risk those people who travel by air. [More…]
In particular, these tight monetary policies will hit the housing sector at a time when it is the only part of the economy which has shown any potential for recovery and future growth. [More…]
In total, private spending in this part of the economy fell by about 1 per cent in real terms in 1974-75. [More…]
It is fundamental that the level of activity in this part of the economy is heavily dependent upon public sector works. [More…]
Our strategy is to combat inflation- that is our first line of attack- in the interests of the total economy so that all industries will have a chance of recovering, not just a particular industry. [More…]
I believe that the policies of the former socialist Government, combined with those of the socialist Government in South Australia, are killing the economy of that State. [More…]
There has been a 50 per cent decline in the production of bricks in Australia over the last 2 years, the 2 years in which Labor mismanagement of the economy had full reign. [More…]
If honourable members opposite believe in a sort of market place economy where people will not die unless they get paid funeral benefit then maybe this is one way of abolishing the death rate amongst pensioners. [More…]
With a $23, 000m Budget in one of the wealthiest countries in the world this Government has chosen to solve some of the problems of the economy, so it thinks, by a piece of phoney arithmetic. [More…]
It has no benefit for the national economy. [More…]
I am sorry to say that it is in relation to the medium term future and not the immediate future, due to the difficult state in which we find our economy. [More…]
If the Commonwealth Government introduces a scheme which is markedly more generous than schemes which can be afforded by private enterprise there will be damaging effects on the whole economy. [More…]
He set up the public servants as pace setters, which did immense harm to the whole structure of the economy and to private enterprise in this country. [More…]
Will the abolition of the complementation provisions discourage rather than encourage economy of scale production in our country? [More…]
This is the only way we can maintain an effective economy that takes into account our internal production, our trading relationships and our overall need to be part of the technological age which is upon us. [More…]
The total volume of liquidity in the economy and the underlying trend, which is soil one of strong growth, are the important considerations; neither one month’s, nor one-quarter’s figures should be taken as an indication that the excessive rate of money creation is at an end. [More…]
The housing industry is also a key part of the Australian economy, as I stressed in the debate on the matter of public importance yesterday. [More…]
The result is: No deal, no home built, no jobs, no stimulus to a sagging economy in which the building sector is a major force that can stimulate it. [More…]
Yet the Fraser Government is seeking to cut down public sector involvement in this and other sectors of the Australian economy. [More…]
There is a further need to stimulate a sector of the economy where employment levels are sensitive to economic fluctuations and whose activities can accelerate recovery in other economic sectors. [More…]
There is a need for greater in-depth examination of public expenditure in relation to effectiveness and economy in the delivery of given Government policy. [More…]
The committee would not examine the Governments policies; it would rather be concerned to investigate economy and effectiveness in the implementation of such policies and matters related to the formation of estimates of expenditure. [More…]
The Universities Commission worked well during the time then the economy was stable, when Federal Budgets were predictable, when they grew but grew steadily and quietly. [More…]
Direct incentives to the economy along the lines of the investment allowance and other Government initiatives are very important and necessary. [More…]
The cold hard facts are that when the Labor Party came to office it inherited a soundly based economy. [More…]
If this Government had inherited an economy as sound as that inherited by the Labor Government we would be promoting policies of this Government to the advantage of the Australian community that would ensure the progress of Australia so much faster and better than at present. [More…]
We are hamstrung by the inflationary trend that exists today, by all the factors that have contributed to those aspects of the national economy that prevent our Government from exercising its full capacity to implement the policies that it wants to implement. [More…]
The first basic essential we have to achieve, for every reason- in this case for the construction of roads, since this Bill deals with roads- is the stabilisation of our economy. [More…]
But the soundness of the Australian economy was such that it should have been able to cope with the worldwide problem of inflation to a much greater extent than it has. [More…]
The prime objective of this Government at this time is to try to get the economy back on an even keel. [More…]
Australia’s capability of managing various levels of immigration in relation to overall population size to date has largely been determined by political economy factors, particularly the capacity of many industrialists to seek cheaper labour and bigger markets. [More…]
Society will therefore have to balance the question of whether we now require migrants in the short term in certain semi-skilled and unskilled areas and certain other skilled areas so that we can get the economy moving without their becoming factory fodder and without perpetuating the problems of factory fodder to which the honourable member for Melbourne rightly referred. [More…]
During the debate on the economy in 1974-75 the Australian Labor Party Government was attacked over and over again for what was described by the then Opposition as the creation of unemployment. [More…]
The sole measure to stimulate the economy has been the jawboning of the Prime Minister He is trying to talk the economy up. [More…]
Everything else that has been done by the Liberal and National Country Party coalition has been aimed at deflating the economy. [More…]
The Australian savings bonds syphoned off $ 1000m from the Australian economy- funds that ought to have been going to the housing industry, into the building societies and the savings banks but funds which instead went into the Australian savings bonds. [More…]
I think the Prime Minister has been told by the Treasury to stop painting pictures of gloom and talking of cutbacks in government expenditure and to start, as I said before, jawboning up the economy. [More…]
It is absolutely fundamental to our cause that we reduce inflation by cutting down public spending and waste, restoring confidence in the private sector of the economy and not putting up taxes. [More…]
It is diverting funds away from the construction industry to Commonwealth loans by raising interest rates to 10Vi per cent thus attracting something like $757m which would otherwise be available to the public sector of the economy which in turn would stimulate the industry. [More…]
The high rate of this short term capital inflow resulted in intense speculation in real estate and the resultant price spirals in that sector of our economy. [More…]
Obviously, when the Labor Party took office in 1972, the need for a realistic realignment of the Australian dollar had become of paramount importance, both in terms of diplomatic pressures from our major trading partners and cost pressures on the import consuming sectors of the domestic economy. [More…]
It is no wonder that concern has been expressed by many who, like the Australian Labor Government, were perturbed by the extent of foreign domination of the Australian economy under the pre- 1972 Liberal-Country Party regime. [More…]
As a result, and coupled with the Whitlam Government’s determined efforts to wreck the Australian economy via the inflation route, overseas confidence in Australia as a stable and worthwhile place to invest crashed to its lowest ever ebb. [More…]
We want to get the economy going again. [More…]
Little new major development work has taken place since we were last in office, and this is what has wrecked our economy. [More…]
I believe that Australia simply cannot get its economy going again without massive injections of foreign capital, for the huge amounts of money needed to get development projects moving are simply not available in this country. [More…]
Government would have a solution to some of today’s unemployment and the economy generally would benefit tremendously. [More…]
I believe that the present Government has come closer than ever before to presenting a set of guidelines for overseas investment which are basically unemotional and which reflect the requirements and aspirations of the Australian people and the Australian economy. [More…]
Clearly overseas investment has a vitally important role to play in the development of the Australian economy and perhaps more so now than ever before for in these times of inflation and high unemployment increased productivity and the development of new areas of production are very vital weapons in our fight against economic problems. [More…]
It generally enhances competitiveness and efficiency within our economy. [More…]
Perhaps most important of all in a country like Australia it can provide large amounts of risk capital so essential to the future development of the Australian economy and so often lacking from within our own borders. [More…]
There would be higher investment rates for debenture raisings because there would be suffer competition for the limited amount of loan finance available in the economy. [More…]
That in turn would present its problems because the higher interest rates would flow through the economy and force up costs of loan money in a number of other fields in the economy- for instance, domestic housing. [More…]
Apparently there are some costs that can arise from the control of industry, and through that from the fact that some significant influence can be exercised on the economy through the sort of aggregation of economic clout which some investment can create. [More…]
Accordingly, we need some concentration of economic power in certain sections of the economy. [More…]
But it is trying to live in the past, it is being unreal and it is not doing a service to the community to suggest that we can proceed with some sort of cottage industry approach, preserving every small producer who functions in the economy. [More…]
I am not suggesting that there is not room for small producers, but they should maintain their positions on the basis of competition and efficiency and should not expect to be propped up at the expense of consumers and taxpayers to the disadvantage of the Australian economy. [More…]
While we had firm contracts the fact is that a collapse in the price and the general slackness in the international economy discouraged foreign investors from taking up investment opportunities in various countries. [More…]
They interfere with the interplay of competitive forces which are the foundation of any market economy. [More…]
The Government is restricting the Commission’s activities as part of its futile and misguided economy measures. [More…]
Does the Minister view this as evidence of a general improvement in the economy? [More…]
As an employer of some 1900 people in the north west of Tasmania this company is the major single employer in the region and it has a major bearing on the economy of the region- a region which incidentally has been experiencing very severe difficulties due to the policies of the previous Government. [More…]
I ask the Treasurer Did he on 27 November last release an economic statement entitled Policy Speech, Supplementary Statement, the Economy? [More…]
They show that confidence is beginning to return to the Australian economy. [More…]
-The honourable gentleman seems to have a very strange view of what happens in an economy. [More…]
Therefore I would have thought it was quite plain from the experience of the last two or three years that merely adding to money wages and leaving ills in the economy, as has been the case, will not do anything for the recovery of the economy in a way which will assist individuals and families all around Australia. [More…]
There will be no benefits for the economy, for employment, for business confidence. [More…]
This Government will find that it will have very little say when it needs control over a major section of the economy. [More…]
It must be obvious to all that the stronger the economy, the more aid we can give. [More…]
The Labor candidate for Ashfield, which is in my electorate, one Mr Whelan the brother of the ghost of Galston has been so concerned with our economy drive that he decided to send his personal council-paid driver to deliver - [More…]
The committee would not examine the Government’s policies; it would rather be concerned to investigate economy and effectiveness . [More…]
There is a need for greater in-depth examination of public expenditure in relation to effectiveness and economy in the delivery of given Government policy. [More…]
It is, in fact, legislation which affects every Australian industry, every Australian worker and the whole of the Australian economy. [More…]
It gives this House the opportunity to debate the whole issue of tariffs and their place in the economy. [More…]
The report gives many explanations of aspects of our thinking about structural adjustment- not just to industries, not just to handouts, not just to employees, but taking into account the whole geographic impact of some of the adjustments that must take place in an economy- and proposes that allied with the acceptance of a report from the Industries Assistance Commission by any government we have some other level of support to see that the people are not left stranded, to see that equipment is not wasted and to see that there is no great disruption in the social fabric, as I said earlier in my speech. [More…]
Until we do so very little effort will be made to overcome the enormous problems and sometimes the human hardships that are thrust upon people by the effect not only of LAC reports but in some cases a downturn in the economy or a downturn in a particular industry. [More…]
-We have to restore confidence, purpose and forward thrust, particularly in the manufacturing sector of the economy as an important component in our program for economic recovery and for restoring health to the Australian economy. [More…]
It is interesting that in West Germany, to refer to perhaps the most dynamic comparable economy in the world, the proportion of employment in manufacturing is 40.5 per cent. [More…]
There is evidence to indicate that the loss of or damage to the apparel industry in any Western nation forms a pool of unemployed who are difficult to place anywhere else in jobs within the national economy. [More…]
If a free trade policy is followed for sections of the Australian economy such as the clothing industry, it not only seems likely but it will happen that the displaced workers from those sections will soon form a new class of poor in Australia. [More…]
So there was a complete rundown of the economy in this area. [More…]
It is time to ask whether governmental direction to the economy, through tariff protection, has achieved the desired result. [More…]
Our tariff policies originated in the 19th century when the economy was dependent on rural industries. [More…]
Vast mineral discoveries have diversified the economy and eliminated recurrent balance of payment problems. [More…]
In the postwar period, the economy was one of the most highly protected in the world. [More…]
‘The Australian economy had the support of a massive protection racket that would have turned Al Capone green with envy’, he said. [More…]
That was the second thing that became evident to me- that it was not only the tariff on the things that the farmer bought but it was also the tariff on the things that he paid for as an exporter across the whole gamut of the economy that he had to meet. [More…]
If we are one world and if we are not to become an island economy we had better start re-thinking about the opportunities we have to help people by helping ourselves- by buying the things which they want to supply to us cheaply. [More…]
I understand that that deficit is placing a great strain on the whole economy of the country. [More…]
So, I hope that if we do develop our markets in Indonesia we get paid for the products we sell and the economy is much more stable in the areas in which we develop our markets than it is in the area of the allegedly thriving oil industry to which the honourable member referred. [More…]
I suppose the overall economy also could be said to suffer in that any drop in Australian exports adversely affects our external balance and this has to be corrected by other exports or the cutting down of some imports. [More…]
Loss of those markets by beef and dairy producers could cause serious disruption to our economy. [More…]
One wonders whether our economy is not suffering badly as a result. [More…]
Tasmanians should be aware of how vital the apple industry is to the economy. [More…]
One is horrified to think what that situation would be like within the economy of Tasmania, especially because of the income the industry generates through shops, transportation, labour, equipment, sales, etc. [More…]
In my opinion every Tasmanian, whether he represents a metropolitan or a rural electorate, has a duty to stand up for the fruit industry because, as the honourable member for Franklin has pointed out, the fruit industry plays a vital role in the economy of southern Tasmania, has operated over a period of more than 90 years and has employed a large number of Tasmanians. [More…]
We hear much talk about people in urban areas who need to be protected from some of the ravages within our economy. [More…]
I believe that this Government and any future government has an obligation to ensure that the rural industries which provide the lifeblood of Australia are properly protected and given a fair and reasonable slice of the cake in the Australian economy. [More…]
Of course, if one does take such a view, if one is involved in such an advocacy, it is very difficult for one to reconcile that with the contention that one should be curtailing expenditure in the public sector of the economy. [More…]
When one talks about the general theme of the community accepting greater responsibility in the future than it has in the past, one automatically is giving credence to the idea that one should not engage in a cutting of the expenditure in the public sector of the economy. [More…]
It has a massive problem facing it in getting the economy going and directing welfare to areas of need. [More…]
I remind the House that he is a former Treasurer of this country who played his part in wrecking the Australian economy. [More…]
We have heard from the Minister talk about getting the economy back into shape and about how the poor are the ones who have to suffer. [More…]
We are all now paying the price for the mismanagement of the Australian economy that we had during the last few years. [More…]
In view of recent speculations about mini budgets can the Treasurer explain to the House whether it is Government policy in general terms- I do not think he knows any other- to reflate or deflate the economy? [More…]
This is the picture which Treasury strategy is painting for the key parts of Australia ‘s developing economy. [More…]
That is not economy, it is stupidity. [More…]
Buying land is not a waste of money in itself but it is a waste of money if too much land is bought at one time and if tied up indefinitely, particularly when we have such a strained economy. [More…]
Obviously he forgot that his Party when in government had a Treasurer with no knowledge of the economy, a man who produced a Budget for this year with a proposed deficit of $2,700m. [More…]
So we come to the other alleged reprehensible circumstance- the so-called mismanagement of the economy by Labor. [More…]
The full import of the lack of feeling that runs in this Government is brought home when one realises that such a cut has minimal significance for the running of the Australian domestic economy. [More…]
Other cuts- or foreshadowed cuts- which illustrate the shortsightedness of this Government’s penny-pinching in some areas are plans to shelve the impact long term economic planning model of the Australian economy and also the household expenditure survey by the Australian Bureau of Statistics. [More…]
On government expenditure the Japanese Government introduced in October 1975 a supplementary budget designed to reflate its economy. [More…]
Even the Treasurer must know that different types of government expenditure have different impacts on the economy. [More…]
The problems confronting the building industry are just examples of the damage being done throughout the economy as recovery is delayed. [More…]
There is no doubt that the economy was being mismanaged. [More…]
When the Government cannot control appropriation there can be no doubt that the economy had moved out of the stage of stagnation and stagnation. [More…]
We had an economy which, when the Labor Party came in, was developing at a magnificent pace. [More…]
Out of this inheritance what a horrible, nasty, mean mess the Labor Party made of the economy in less than 3 years. [More…]
We knew what we were doing and would have had to put on the breaks early in 1973 when the economy recovered. [More…]
I believe that this Appropriation Bill gives us the opportunity to look at the various changes in particular departmental appropriations and the explanations given to establish the trend that is occurring in the economy, to highlight the real problems the country faces and what ought to be done about them and to inquire whether we can move more quickly to get this country strongly back on the path to economic and financial recovery. [More…]
Let me turn to what I regard as the critically important section of the economy if we are to achieve an increase in our gross domestic production. [More…]
Normally, when the economy is bubbling along in a healthy state we like to believe that as prosperity and growth develop we achieve satisfactory and reasonable proportions between wages and profits and, out of those profits, the ability to develop- whether by technology or by the application of more machinery. [More…]
I would say, and I have said it before in this House, that there is no single economic act done by this Government since it came into office that in any way has improved the Australian economy. [More…]
By that I do not mean that the Australian economy has not improved. [More…]
It is about time we got away from this nonsense of attributing every malaise in the economy to the previous Government and every slight improvement that has taken place since the change to this Government. [More…]
There has been a failure to face up to the structural changes that are implicit in the Australian economy. [More…]
No government has been able to solve those 2 problems given that we want to maintain what is called a free economy and a market operated economy. [More…]
The present Prime Minister (Mr Malcolm Fraser) used glorious phrases during the general election about the Australian economy being on its knees. [More…]
What that picturesque phrase was supposed to conjure up I do not quite know, but I submit it is sheer nonsense to suggest that the Australian economy is among the worst economies in the world. [More…]
I believe it is opportune for this House to take note of some of the trends that are developing in other parts of the world that affect this particular economy and to look at some of the views that are being expressed in those countries. [More…]
Views are being expressed that a genuine recovery is not really taking place in the economy. [More…]
Somewhat similar to this, it is being argued that the United States economy has been distorted beyond its inherent capabilities, that it will not recover along statistical trajectories based on past recessions and past recoveries, and that the current popular economic projections radically over-estimate real growth potential and radically under-estimate future inflation and employment levels of the nation. [More…]
I think that these are lessons which we ought to be applying in our own economy in Australia. [More…]
A decade of rampant inflation has created a yo-yo economy in the United States and, in fact, in most Western countries. [More…]
I think it is fair to say that many of these factors which have been experienced in the United States have been, although not necessarily at the same time, experienced in our own financial operations as an economy and as a government. [More…]
We have to see that our economy recovers on the right lines, that we are not simply inducing a politically prodded recovery as is being argued is the case in America. [More…]
We have to see that we do not have the sort of interference in the economy which will not put the economy in the direction which it properly should be taking if in fact we are to solve the problems and avoid a bout of hyper-inflation. [More…]
It has been argued that it is a misconception that inflationary booms and deflationary busts are inherent in a free market economy. [More…]
I think it is worth putting a view that has been argued by Austrian economists that actually the periodic booms and busts of history are not business cycles at all; they are not inherent in a free market economy and they are one result of state intervention into the economy. [More…]
To some extent it is an argument for keeping government involvement in business and in the economy to a minimum. [More…]
I believe very strongly in the thrust of the Australian Government at the moment in trying to do something about all these problems which must come to Australia and which can result only in higher inflation, a more significant unemployment problem and a longer term situation which will not be in the interests of our economy. [More…]
In the total scene of the Australian economy it does not matter to the taxpayer whether he pays a local government body, a State government or the Commonwealth government; he still pays. [More…]
That myth, I believe, is damaging to our economy and to our society. [More…]
The economy is fragile and it is being elbowed by high interest rates. [More…]
We did inherit, of course, a tremendously difficult problem because of the almost incredible mess which the Whitlam Government had made of our economy. [More…]
I think it is time for us to get the economy moving again and it is good that we should keep our objective of getting private enterprise to take up the slack. [More…]
Labor treated people in the industry as hicks and hillbillies, and disregarded the very important contribution that this great industry makes to the Australian economy. [More…]
Provisions relating to the new investment allowance are the outstanding feature of the Bill, just as the allowance itself is an outstanding feature of the Government’s program for getting the economy on the move again. [More…]
So that the allowance will be directed towards investment that , will have the greatest stimulatory effect on the economy, individual items of plant costing less than $500 will not be eligible for it. [More…]
Australia, as a major trading nation, has an important interest in a smoothly operating world economy free of the economic upheavals which unfortunately have characterised the more recent past. [More…]
-We are back into the twice annual exercise of looking at the public accounts and the way the Government handles the economy. [More…]
In my view we should be looking more particularly and more carefully at a resource centred view of the economy. [More…]
We have an economy second to none in capacity to handle the situation; but so far we have not found the wit or the wisdom to do that. [More…]
What was the state of the economy under the Labor Government? [More…]
There were other areas of strength in the economy. [More…]
The apparatus at our disposal to control the economy is meagre indeed. [More…]
The honourable member has yet to wake up to the fact that one of the major reasons for the current economic uncertainty, for the current high unemployment, for the current failure of the Australian economy to be expanding its productivity is exactly the profit bashing that he supported. [More…]
That is what destroyed the economy of this nation more that any other single activity. [More…]
I hope that the conversion of the Government to a consumption led recovery, belated as it is, will succeed, because that is what is needed if we are to get a recovery and momentum behind the economy. [More…]
It is the level of government expenditure at the present time which is maintaining the rate of activity existing in the economy. [More…]
They were preferable to printing more money and putting it into circulation when weighed against the problems we faced in handling the economy. [More…]
But there is a long way to go yet: I stand by my prediction about the sluggishness of the economy well into 1977 and, I believe, well towards the end of 1977. [More…]
I have given a rough outline of the way in which I have seen the economy, the way in which the Government’s policies have not been helpful and the very disturbing and unhelpful misrepresentation for which the Government has been responsible on the issue of the deficit. [More…]
The shame is that when we went out of office we had the economy pointed in the right direction and starting to move, and all that has been lost. [More…]
But it is not fanenough for us in this House any longer- we have been doing this for 5 months- to try to create our reputation by mentioning that the Labor Party was a bad manager of the economy. [More…]
We as a government must create our own reputation as managers of the economy. [More…]
I am perfectly convinced that unless inflation is brought under control and the economy is put on a sound basis there will be no foreign aid. [More…]
I would expect a positive response from both the union movement and the employers to the Prime Minister’s proposals put last night for discussions on the economy including the question of wages policy and that a similar constructive and flexible approach will be shown by the representatives of unions and employers who we trust will take advantage of that invitation and attend discussions in the near future. [More…]
Does he agree that this benefited the economy? [More…]
I shall take up with my colleague the point that the Leader of the Opposition has raised, but I cannot help feeling that he is taking an economy campaign to extreme lengths when he is apparently not willing to contribute 50c to the national revenue to find out the answer to his question. [More…]
Medibank has achieved universal coverage in its present form at the expense of very largely disregarding the need for economy and efficiency in overall health care expenditure by the individual and the community. [More…]
It provides few incentives to economy in the use of health services either on the part of the consumer or, more particularly, on the part of the medical profession which has a key role in determining overall health costs. [More…]
It was also rumoured that the Opposition would move a censure motion in relation to the economy. [More…]
I would say that they did not do it because any argument they put forward about the ills of the economy could be neatly and easily turned around and put back at their door for having caused the present ills in the economy. [More…]
Why does it not bring forward for discussion as matters of public importance such subjects as the situation in East Timor, the economy, the Prime Minister and the overseas loans affair? [More…]
-Having just listened to the honourable member for Port Adelaide (Mr Young) one can readily understand why the economy of Australia is in such a desperate position. [More…]
We must let the economy of this country develop to such a situation that unemployment and inflation will go from bad to worse. [More…]
It is important that we have our economy on an even keel. [More…]
He might not feel the results as much as others but it is important to realise that everybody benefits from a sound national economy. [More…]
To achieve that the Government has to take measures that it would not have had to take if it were not for the reckless mismanagement of the Australian economy over the 3 years that the Labor Party was in office. [More…]
We will have to endure that period while we restructure the economy of this country and bring it to a level where we know it can be and where we know it should be. [More…]
In those areas where it is not practical to follow it, because of the contribution of the areas to the national economy there should be some Treasury subvention, some Government funds made available to enable those communications to be provided. [More…]
During the recent election campaign the Prime Minister (Mr Malcolm Fraser) frequently referred to the economy as being on its knees. [More…]
That is why savings bank deposits are soaring and why the economy is stagnant. [More…]
Those are the real reasons why there is redundancy in the economy today. [More…]
I hope that one day he will be able to influence his party to amend the Companies Act in such a way as to encourage the small investor to invest in the stock market and thereby stimulate the economy in such a way that many decent Australians will be able to find successful and lucrative employment. [More…]
We intend to keep the promise in respect of having a stable economy in this country. [More…]
That is the sense of economy which Labor had and which it imported into this country. [More…]
We know the Government not only has to sell this from Parliament but also has to sell it on shop floors, in offices and on the wharves throughout Australia, because there are other union leaders in the nation whose job it is to wreck and muck up the economy. [More…]
They know when a government is trying to protect their rights as well as to uplift the totality of the Australian community and the Australian economy. [More…]
The Labor movement is not only the Party’s real base, it is the whole Australian economy’s real base. [More…]
Clearly an improvement in our economy and in the world economy would greatly assist in overcoming this postion, but a redundancy problem may still exist. [More…]
the provisions for the introduction of the investment allowance have created a chaotic situation in the economy. [More…]
Let me state again on behalf of the Australian Labor Party that, although we promote public enterprise, like other social democrats and democratic socialists everywhere in the world we see this promotion in the context of a mixed economy of private as well as public enterprise. [More…]
The Treasurer said in his second reading speech that provisions relating to the :new investment allowances were the outstanding features of this Bill just as the allowance was an outstanding feature of the Government’s program for getting the economy on the move again. [More…]
I hope for the sake of the thousands of Australians out of work that the Government’s less outstanding measures to get the economy moving have greater success than the socalled outstanding measures of this investment allowance. [More…]
I refer honourable members to an article by Katona and Strumpel in the January edition of the journal Challenge which demonstrates for the United States and West German economies that ‘consumer confidence, not business investment, is the leading clue to fluctuations in the economy, and consumer confidence is closely tied to the faith in Government’. [More…]
It is part of the ideological package which has postponed the recovery the Australian economy could have expected in early 1976. [More…]
Those promises are ineffectual now in getting the economy moving. [More…]
When the economy does get moving this investment allowance will be chaotically expensive and will close off many other options. [More…]
At the core of the malaise afflicting the Australian economy has been the severe depression of private business investment. [More…]
While the investment allowance can contribute and is contributing in a major way to the profitability sums coming out right and hence to the adoption of new projects and the creation of new jobs- I stress our aim is to get the economy moving again in order to expand job opportunities, to restore full employment and growth in this country- we come back, as I began, to beating inflation which is the No. [More…]
Australian economy. [More…]
The introduction of this allowance is based on the premise of an investment led recovery in our economy. [More…]
According to this doctrine the best remedy for the economy is a severe dose of deflation based on a substantial increase in unemployment. [More…]
This doctrine contends that it is possible to hit the economy hard and sustain the pressure for sufficient time to dampen wage demands and inflationary expectations. [More…]
After this pressure has been applied for a time the argument is that it should then be possible gradually to reflate the economy and to restore employment and the level of economic activity. [More…]
One flaw in this sort of bludgeoning of the economy is that it is not possible to gauge accurately the impact of the policy. [More…]
It does not recognise the real problems of the economy. [More…]
The men who head these companies in foreign countries are the people who control our economy. [More…]
I stress again that a few companies, those multinational companies- fewer than 400 of the 2 10 000 companies that make tax returns in our country- actually control the economy of this country. [More…]
The smaller Australian companies know that it is useless to make capital investments unless there is an increase in the demand for their goods and services- a genuine resurgence of the economy. [More…]
They are not going to risk their own future because people in Canberra are trying to talk up the economy. [More…]
The private sector and the economy as a whole need large public sector involvement if a substantial recovery is to be achieved. [More…]
According to the socialists, we should not worry about the sections of the economy that provide three out of four jobs; we should not worry about sections of the economy in which there arc people who show some initiative and who are prepared to work and improve their positions. [More…]
It is very significant to read what the then Leader of the Opposition said about the abolition of the investment allowance and the consequences that were in store for the economy of the country as a result of that abolition. [More…]
They were the consequences not only of the abolition of the investment allowance- I concede that at the outsetbut they were also the consequences of a wholesale attack on any step by government to encourage investment in the private sector of the economy. [More…]
the provisions for the introduction of the investment allowance have created a chaotic situation in the economy’. [More…]
I will go one step further than that: The economic policy of the Government is in such a shambles that it will not encourage the business fraternity- industry itself- to regain confidence in the economy. [More…]
I refer to the decent honest Australians, the people who were mystified by the developments in world trade and by the contraction of the world economy which caught up with the Australian economy and which confuse the best minds in the whole world, none of which sits on the Government benches in this chamber. [More…]
Having in mind that the ABC recently withdrew several popular programs as an economy measure when previously required by the Government to exercise restraint in spending and that further substantial staff cuts are allegedly contemplated, will the Minister take steps to establish whether the ABC can justify its action in accepting these reverse charge calls for a program of dubious merits? [More…]
So very often the first interpretation of information from the Bureaufor example about the progress of the Australian economy- is the interpretation which is most widely held. [More…]
The losses caused by soil erosion are: Firstly, to the land itself; secondly, to other lands; thirdly, to public utilities and public authorities; and fourthly, to the national economy and the welfare of the community as a whole. [More…]
In spite of all the fine words of the Government about restoring confidence in industry, restoring consumer confidence and putting the economy back on its feet, it is difficult to find any material action in the direction to which I have made reference. [More…]
If a growing economy is to be achieved inflation must be controlled to lift business and consumer confidence and the high level of savings that has built up must be spent. [More…]
Already signs are evident of its effect upon the economy, with a significant rise in both business and consumer confidence. [More…]
This measure was unnecessary and was introduced only to meet the excessive and inefficient spending of a government unable to manage the economy. [More…]
I say that the concept upon which this decision was made is in error because the Government has not understood what has gone wrong with the economy. [More…]
There is no shortage of capital equipment in the economy; no shortage of productive capacity. [More…]
The contraction in consumer activity has been the major reason the economy remains in a slack condition. [More…]
Accordingly, this proposal represents not only a faulty diagnosis; in its effect it will bring about serious misallocation of economic resources within the economy. [More…]
I fear that towards the end of the fairly lengthy period covered by this program- 7 Vi years- there could be serious distortions in the investment pattern as a result of these incentives which will not be in the best interests of the long term economic development of the nation, and certainly would be counterproductive to the sort of structural adjustment which is quite demandingly needed in the Australian economy. [More…]
I wish that the honourable member could be a little brighter and happier about this legislation because I am certain he recognises that the legislation is a desirable stimulus to the economy. [More…]
When he hears the statement tonight and subsequently the Budget in August I am certain that he will have a complete understanding of the Government’s decisions by which we will steer the economy back to a progressive and growth situation. [More…]
I for one would be the last person to want to delay further a measure which could help to stimulate the economy. [More…]
This sort of thing may have a kind of yo-yo effect on the economy. [More…]
Smaller investments, possibly only involving replacement of capital equipment and thus having relatively less impact on the national economy, can be completed in a shorter time span and thus reliably qualify for the full 40 per cent allowance. [More…]
The money provided is in the nature of a loan from the Government in the sense that when the companies are operating at something like their optimum level they will be paying company tax to the Government and persons will be employed and the economy will again be functioning at something like its proper level. [More…]
But that is bad for the economy. [More…]
The management of the economy under Labor made it so much more difficult for the average Australian to purchase land, to build a home and to pay the extraordinarily high rates of interest. [More…]
This was all an integral part of the management of the economy under the Labor Administration. [More…]
The proposals which it incorporates have the following purposes: Firstly, to rectify weaknesses in the Act regarding representation by the Minister of the public interest, in relation to appeals and references; secondly, to extend the present requirement that in Full Bench proceedings, the Commission must have regard to the state of the economy and the likely effect of any award made, to include specifically the level of employment and inflation; thirdly, to make sure that every member of a union or employer organisation has a real opportunity to choose, without intimidation, who should conduct the affairs of the organisation; fourthly, to limit the term of office of office bearers of organisation to a maximum of 4 years; and finally, to provide for the appointment of an additional judge of the Industrial Court. [More…]
The State of the Economy [More…]
I do not need to emphasise the importance of the wage fixing principles enunciated by the Commission in relation to the general economy. [More…]
The Act already requires a Full Bench of the Commission to have regard to the state of the national economy and the likely effects of any award that might be made. [More…]
As a result of the Government’s initiatives, the ACTU has agreed to take part in wide ranging discussions with the Government on the state of the economy, with particular emphasis on wages policies. [More…]
The pick-up in our revenues as the economy begins its tentative recovery is also now beginning to emerge in our accounts. [More…]
Indeed, if we were to seek to do so, the repercussions for the Australian economy of the measures which would necessarily be involved would not be acceptable. [More…]
It provides few incentives to economy in the use of health services, whether on the part of users of those services or on the part of the medical profession who, as providers, have a key role in the determination of overall costs. [More…]
It has achieved universal coverage, but at the expense of largely disregarding the need for economy and efficiency in overall health care expenditures by the individual and the community. [More…]
It provides few incentives to economy in the use of health services, either on the part of the consumer or, more particularly, on the part of the medical profession which has a key role in determining overall health costs. [More…]
We believe that organisations will need to give much greater attention than in the past to economy and efficiency in their operations and to devising ways of keeping overall costs and contribution rates down. [More…]
Provision is included in the Bill to require a judicial manager, appointed by the Court, to conduct the affairs of the fund with the greatest economy consistent with the efficiency and to report to the Court, as soon as possible, as to the course of action to be taken in relation to the fund. [More…]
The real trouble with our economy is that the business sector has been squeezed too hard, with the consequence that it is not investing. [More…]
In a mixed economy like ours, where the private sector is responsible for the employment of three-quarters of the work force, it is important to encourage firms to invest again. [More…]
The free market economy does not apply, if it ever did. [More…]
When the Prime Minister of a country tries to talk its economy out of a recession by exhorting consumers to spend, as Mr Fraser did a month ago, the situation must be quite serious. [More…]
These ways of thinking have a tendency to harden into dogmas, which can do irreparable harm to the Australian economy, which does have significant differences from other economies. [More…]
Perhaps more than any other advanced country in the capitalist world economy, Australia has been built on the public sector. [More…]
It has a long history of public sector activity; each colony had to develop its own economy, and its own service to the community. [More…]
The nations economy has been geared to this kind of economic activity; without a large public sector, which helps to knit the Australian economy and society together by performing essential functions which do not make a profit, there would nave been massive unemployment long ago, Canberra would not exist, and the nation would have collapsed. [More…]
The uncritical acceptance of an alien economic ideology, formulated in the reactionary enclaves of the mid-west of a country- the U.S.A.- whose economic history is so different from ours, can only spell disaster for the Australian economy. [More…]
Incidentally, Ted Wheelwright entitled that talk, ‘How to Ruin the Economy Without Really Trying’-and sub-titled it, ‘Public Sector “Bad”, Private Sector “Good” ‘. [More…]
In particular, it should be in productive areas which will mean the use of resources which are not now being used, and it should be in areas where the expenditure can be terminated reasonably easily- when the rest of the economy gets moving. [More…]
For the future economic prosperity of this country there is a vital necessity for there to be a greater understanding of the needs and limitation of our economy at the level of State Trades and Labor Council executives and members. [More…]
However, it would be remiss of me not to say more on other aspects of the policies this Government has for the economy. [More…]
It does not spell out how this will occur or to what extent it will allow the economy to run down and unemployment to rise to dampen these expectations. [More…]
The Arbitration Commission has twice indicated that it believes the Government’s assessment of the economy has been insufficiently substantiated. [More…]
To summarise what I have been saying, the Australian economy is stagnating unnecessarily. [More…]
The Government seems to think of the economy as a space made up of public and private sections, so that if the public share is reduced the private share will increase. [More…]
But of course the economy is more dynamic and complex than this. [More…]
Even given the Government’s own priorities, all parts of the economy need to be stimulated for a sustained recovery to take place. [More…]
People in industries directly dependent on public spending will anticipate reduced turnover and so reduce orders, causing effects in other parts of the economy. [More…]
Real spending cuts will obviously reduce total community spending, causing lower levels of employment and utilisation of capacity in directly affected industries and indirect effects on the rest of the economy. [More…]
The Treasurer said that inflation is the greatest threat to the long term recovery of the economy. [More…]
It is obvious that rapid inflation harms not only the economy but also the whole structure of society. [More…]
Later on in his speech he said that recovery recovery of the economy was the first step. [More…]
Let us just pause there for a moment and ask ourselves: Which would have the greatest effect for the recovery of the Australian economy? [More…]
Each of those countriesI would hope the only countries with economies with which we would care to compare our economy- has recently instituted a similar package to the sort of package we are debating today. [More…]
Looking at the state of the United Kingdom economy at present-rit is under a British Labour Party- it is strange that we do not seem to hear that argument today. [More…]
The economy’s position is grave. [More…]
This package is one step in getting this economy back on an even keel. [More…]
The result was that instead of having an inflation rate of the order of about 8 per centthat is all Australia ought ever to have had because the Australia economy was not much affected by oil price rises- we ended up in the dizzy heights which usually are associated only with banana republics. [More…]
We were fortunate to have a well managed economy until recent years . [More…]
This vast bulk of the people who do the work in our economy will lose out directly, in terms of their incomes and what they can buy with them, as a result of the Fraser Government’s economic strategy. [More…]
The combined effect of these measures is a 2-fold Governmentorchestrated benefit to the private profit sector of the economy. [More…]
Its implementation should mean that we are on the way back to sound management of our national economy and that, as a result, we should be able to look forward to a reduction in inflation and a reduction in unemployment with a return to a soundly based national prosperity. [More…]
I say that not because I do not accept the fact that reasonable profits have to be made and reserves built up to tide businesses over difficult times, but in these special circumstances I believe that it is encumbent upon every section of the community to adopt a very responsible attitude towards trying to achieve a more stable economy than that which we have at the present time. [More…]
-The con text in which this economic statement which we are now debating was brought before this House was certainly not as a culmination of 6 months of successful management of the economy by the Government. [More…]
So on these 2 key indicators we can see there has been no remarkable effort by this Government- a government which came to power on the basis that the Labor Party could not manage this country and that it would be able to get the economy back on its feet, turn on the lights and all that sort of thing. [More…]
It has not put the economy back on its feet in those 6V2 months. [More…]
The reason this statement comes before the House now is that the Government is being pressured by businessmen and others to do something to get the economy going. [More…]
It is not just one more event along the line; it is a special event brought about by the pressures on the Government to do something to try to get the economy moving again because it has not succeeded in doing it so far. [More…]
The Government’s decision to reduce the public sector when the economy is in a recession is a desperate gamble and I think everyone in this country should realise that. [More…]
It depends entirely for its success on the consumers of this country deciding to spend more money because by reducing Government expenditure the Government is taking out of the economy expenditure on goods and services thereby reducing demand for all the various products which are produced in this country, and the only way in which that cannot lead to higher unemployment and more recession, less economic growth and so on, is for people to start spending more money. [More…]
It is a substantial withdrawal of demand in the economy which must be made up somehow if we are not to have more recession. [More…]
What has been said and what I have said over and over again is simply this: It is an absolute tragedy that Australia’s economy was so underutilised that the Government, which is now the Opposition, had to plunge this country into a deficit of over $4,000m. [More…]
The size of that deficit is a reflection of the size of the failure of the previous Government to have the economy operating at full employment level. [More…]
The Opposition used the Budget deficit in order to make what was predominantly a private enterprise economy into one which became a minority private enterprise economy. [More…]
The Opposition used a deficit as an ideological commitment to change the balance and the nature of the Australian economy. [More…]
But it should be remembered that the Opposition cannibalised the Australian economy over those 3 years. [More…]
But, above all, those people who have a vested interest in the economy not developing, or who have a vested interest in destroying confidence, are the ones who will do the greatest harm to Australia and to the Australians who are most vulnerable. [More…]
The whole object of our policy is to provide each level of government with a known share of the national purse, increasing as the nation’s economy grows. [More…]
Of course, he conveniently forgot the tremendous advantages that the investment allowance, the drop in interest rates and the homes savings grants, which had all been implemented before that date, were conferring upon the Australian economy. [More…]
If the Government continues to ignore the realities of the international economy and continues with its false and damaging assumptions that all of our problems may be sheeted home to Budget deficits, then Australia will miss out on an early return to prosperity. [More…]
We must recognise that we are an important and an integral part of the world economy and that we depend importantly for our own economic health upon the policies adopted by the rest of the world. [More…]
The Australian economy is significantly dependent on overseas trade and obviously in our economic considerations we have a vested interest in seeing that trade is allowed to continue on a stable and growing basis and that we do not have significant disruptions in the pattern of world trade as a result of events such as the oil crisis. [More…]
I think it is important from Australia’s own budgetary viewpoint that we be clear about just what the implications are in our own economy. [More…]
It is important to understand that in this legislation there is no circumstance in which there needs to be a direct budgetary impact upon our economy or our own resources. [More…]
The Fund is there as a standby to assist that particular country and its economy to overcome oil crisis-related problems. [More…]
Considering that no significant problems are developing between Australia as an economy and the other economies with which we have dealings, on this occasion the Party has asked me to make a specific point to the Minister assisting the Treasurer, the Minister for Post and Telecommunications (Mr Eric Robinson) who is at the table, that the Party is completely foursquare behind the proposals which the Government is putting in this respect. [More…]
I would suggest that the basic measures that were encompassed in this statement are contradictory as far as any improvement of the economy is concerned. [More…]
That will be a reinforcing effect of the unhealthy economic forces at work in the economy at present. [More…]
Given the state of the economy, the sluggishness, if not the stagnation in which the economy is wallowing, I believe that that is too severe a turnabout and represents a further contraction. [More…]
If I heard the honourable member for Lilley (Mr Kevin Cairns) correctly last night, putting to one side the political input in what he was saying, I agree with him when he says that at present the deficit is necessary to maintain the level of activity in the economy. [More…]
When the downturn came in the economy and people lost confidence in the previous Government, businesses and organisations generally stopped ordering this major equipment. [More…]
I turn now to another important indicator which certainly influences our economy greatly and which is a great indication of how we are going, namely, the registration of new passenger vehicles. [More…]
I believe it sets the pace for this Parliament in respect of the economy of this country. [More…]
As long as inflation in this country continues at its present level there will be no revival of the economy. [More…]
This distortion in investment is only one aspect of the larger distortions to which inflation leads in the whole economy. [More…]
The simple fact is that inflation destroys not only a nation’s economy but also its entire social fabric. [More…]
They reflect the day to day work force needs, not the long term trends within the economy. [More…]
It was the Whitlam Government’s abysmal handling of the economy, including in particular the complete loss of control over government spending, which led to the greatest sustained level of inflation in Australia’s history a level of inflation which was a major contributor to the level of unemployment we now have. [More…]
The No.l priority now is to reduce the level of inflation and to get the Australian economy back on an upward path. [More…]
Without an overall increase in the supply of resources which in the main must come from increased productive activity in Australia and particularly from the private sector, the capacity of the economy to provide what all Australians want by way of increased living standards is very limited. [More…]
Of course not everyone will like every element of that package but overall it is a package which I have no doubt at all is on the right lines in both economic and social terms and will increasingly come to be so recognised as the Australian economy responds to the responsible economic management now at last provided by this Government after 3 years of the opposite. [More…]
I think that over the last 12 months Australians have generally come to recognise that Medibank has been a financial cancer which has been eroding our national economy. [More…]
It will provide a climate in which we can build better wage restraint, improve real wages, get back to productivity as the gauge for wage increases and give an incentive for all Australianswhether they be taxpayers, employers or employees- to participate in getting this economy of ours back on its feet. [More…]
I have not calculated the figure but a 3 per cent increase in all award wages adds up to much more than the $800m which is allegedly being withdrawn from the economy. [More…]
I am confident that she will spend it and so boost consumer spending and thereby help the economy. [More…]
I think it was an interesting speech not because he ended up agreeing with us- of course he did not do so in many of his conclusions- but because much of his analysis of what was wrong and what is wrong with the economy was correct. [More…]
In a mixed economy like ours, where the private sector is responsible for the employment of three-quarters of the work force, it is important to encourage firms to invest again. [More…]
The simple proposition is that if we do not have an economy that is in fact stimulated, an economy that is working hard, an economy that is producing revenue and gross domestic product, we do not have the surpluses available to put back into welfare. [More…]
I do not take the view that the economy is moving ahead fast enough yet. [More…]
It will lead us to a far better economy and a far better nation- a nation that can afford more and more welfare that is real rather than illusory. [More…]
The major source of economy within Kaiser appears to be good control over what medical care is provided and where it is provided. [More…]
This source of economy is most apparent in hospital care, with the age-adjusted days of hospital care per year for Kaiser members being only 70 per cent of the State ‘s per capita average. [More…]
The most striking relative economy of Kaiser is in its requirements for hospital beds and its per member cost of hospitalisation. [More…]
We appreciate the action taken by those Government members and senators who saved the funeral benefit for pensioners, and we are looking forward to the support of all members of the Federal Parliament in having all the deleted items restored to the free list for those pensioners who have qualified as required and whose right to this assistance is much greater than economy measures. [More…]
Honourable members should note the fundamental importance of those unions to the economy and realise that they and others can hold up Australia- and not just Victoriawhenever they want to. [More…]
The policy statement on the economy was made by the Treasurer. [More…]
At a time when we are asking Australians to have confidence in the economy, and co-operate with the Government, will someone on the other side of the Parliament please stand up and tell us where the cuts adding up to $ 1 ,300m are going to take place? [More…]
All of this will feed into pressures in the economy. [More…]
That makes overall costs in the economy higher and makes it very difficult for the private sector to function. [More…]
I feel the statement gave insufficient stimulus to the economy when it needed that stimulus, that it took insufficient recognition of the level of unemployment and that it did not appreciate how fragile the state of business was or how unsatisfactory the low productivity in our economy, due very largely to an under-utilisation of plant and resources, really was. [More…]
Even the harbouring of the idea of a deficit is said to be good for the economy. [More…]
The massive transfer of funds to the public sector during a period of declining gross domestic product produced the inevitable result, and the Government now faces the herculean task of restoring the economy. [More…]
The Government’s approach to Medibank is a bold attempt to come to terms with a monster which, left unattended, could consume the economy and exacerbate the problems of any Australian Government long into the future. [More…]
Establishing priorities occasioned more than a little anguish but unquestionably at the first opportunity, consistent with an improved economy, those programs of merit may well be reactivated. [More…]
It made low, if any, profits because the Government of the day believed that ‘profits’ was a dirty word, forgetting that without profits you get no investment; without investment obviously you cannot build on the industrial and productive base of the Australian economy and create employment. [More…]
It has to be done at all levels of the economy otherwise we cannot solve our national problems. [More…]
Never before has any government within weeks of its election got down to the job of solving the problems of the Australian economy with such determination- problems not of our making but certainly ones which the Australian people elected us to solve. [More…]
He will see the ruins there and perhaps he will give a few thoughts to the ruins of the Australian economy and the social and economic shambles which his Government left for us to inherit. [More…]
I tell the people at these schools that I fear there is little chance of these problems being overcome in the light of the cutback in the economy by the Fraser Administration which gives a high priority to subsidising fertiliser costs and introducing the school cadet system. [More…]
Until Labor came to power ours had been a mixed economy relying on the private sector for the productivity that brought improved standards of living, healthy expansion and a continuous growth of employment opportunities. [More…]
It will give way to a healthy balance between spending and thrift as the economy levels and stabilises and as confidence returns. [More…]
The simple truth is that no realistic system of social services can reach the really poor if inflation continues unabated and if the economy continues to be administered by a battening army of professional bureaucrats who absorb an absurd percentage of moneys intended to help the poor. [More…]
We also are concerned that there be economy in the interests of taxpayers. [More…]
We also are concerned for economy for taxpayers, as I hope the State governments are. [More…]
I am surprised that the Deputy Leader of the Opposition should raise this point at question time today, because I specifically recall the shadow Treasurer, the honourable member for Adelaide, saying during the debate on my parliamentary statement on the economy that he accepted that the Government’s projected or planned rate of growth in the money supply, defined on the M3 basis, of between 1 1 per cent and 13 per cent was in fact a satisfactory rate of growth in the money supply. [More…]
In fact I have been sitting here on the Government front bench wondering whether the honourable gentleman still maintains an interest in the workings of the Australian economy. [More…]
That is part of the problem of what has happened to the economy in recent years. [More…]
What I am saying is that in this day and age of large unions determining wages and large corporations determining prices it is counterproductive to think that we can get an economy like ours moving again in this way after the drastic slump brought about almost entirely by world conditions. [More…]
In addition there is a marked downturn in activity in the government sector of the economy, which makes up one-quarter of the economy. [More…]
Everywhere we turn in the economy we find the link between the public sector and the private sector. [More…]
That policy must be equitable and adequate to help overcome the very grave and difficult economic problems experienced when running a mixed economy such as ours. [More…]
I hope it is, because when looking at the measures which have been taken by the Fraser Government we have to admit that they are a straight out application of common sense to the problems this Government inherited with a bankrupt economy which resulted from the futility and stupidity of the actions of the Labor Party. [More…]
There is a continuation of policies directed towards achieving the strategy of the Government with regard to national growth, inflation, unemployment and incentives to the private sector of the economy. [More…]
I believe there is an area, critically important to the economy as a whole that needs consideration. [More…]
Let us look at the position of some sectors of manufacturing industry to get a truer appreciation of the way in which the company finance and the substance of companies is being chiselled away and see the reason why so many sections of the economy are going bankrupt. [More…]
He said then that an essential feature of reviving the economy was to revive production and investment in the private sector. [More…]
Of course we want to reduce the deficit but simultaneously, as the Prime Minister has said, we have also to ensure that stimulus is given to the private sector of the economy to take over the slack particularly any slack which emerges because of reductions in Government expenditure. [More…]
I believe the proper principle should be that large enough appropriations should be directed to ensuring that production is stimulated in the private sector to get the economy going so that industry can be made properous as part of the contribution to the solution of inflationary problems and national growth. [More…]
He has fallen into the error of all of our opponents who replace analysis and logic in the consideration of the economy with vituperation. [More…]
The right honourable member for Lowe talked about areas of the economy being bankrupt- I think that is what he said. [More…]
Most of the areas of the economy are capable of expansion but there is nobody in many of the areas to whom to sell the products. [More…]
Let us look at the economy. [More…]
When the economy improves I intend to press for the reintroduction of the petrol equalisation scheme which was cancelled by the last Labor Government which thought nothing of the people in the country areas. [More…]
Again I intend to press for the reintroduction of the subsidy when the economy improves - [More…]
The Minister for Employment and Industrial Relations (Mr Street) in his second reading speech informed us that the Government did not intend to proclaim the legislation, other than in respect of the quite minor aspect of providing for the appointment of an additional judge to the Industrial Court, pending discussions with the Australian Council of Trade Unions on the state of the economy, and on wages policy in particular. [More…]
The Government has also sought in this Bill to lean on the Commission somewhat by proposing to strengthen the requirement that now exists in the Act for the Commission in Full Bench proceedings to have regard to the public interest and in particular to the state of the national economy and the likely effects of its decisions on the economy. [More…]
As things stand, the Commission has shown by its decision today that it does have substantial regard for the state of the economy. [More…]
If a profitable company wants to keep its employees contented by conceding increases above the guidelines then no damage at all is done to the economy. [More…]
In this way the operations of the Prices Justification Tribunal can be extremely valuable and can provide an infinitely more sensible means of protecting the economy from a damaging wage explosion than the crass methods this Government is seeking to employ. [More…]
The Act presently provides that the full bench of the Commission must take into account the state of the national economy and the likely effects of any award that might be made. [More…]
In these days when we talk increasingly of a social contract in industrial relations, of arriving at some general agreement between government and trade unions on what should be the general level of wage increases in the community, of what could be the total package in terms of things like taxation measures, tax indexation, wage increases and various economic measures that might be introduced, it is even more necessary that the Conciliation and Arbitration Commission should be required to take into account matters of direct relevance to the economy. [More…]
As a result of the Government’s initiatives, the Australian Council of Trade Unions has agreed to take part in wide-ranging discussions with the Government on the state of the economy, with particular emphasis on wages policies. [More…]
1 know of no reason why the manufacture of flat glass in Australia should not continue on a sound basis, and as the Government’s measures to restore the economy take effect this industry should participate in that improvement. [More…]
But as the Minister for Health has indicated on a number of occasions, there must be concern for economy as well as for efficiency and high quality health care. [More…]
We have said that we do not propose to proclaim the legislation in case valid points relating to it are brought up by the employers or union members at forthcoming talks we will be starting next week upon various aspects of the economy, wages policy and so on. [More…]
If the wage increases are not passed on as price increases, if the employer is prepared to pay the increases, what is the damage to the economy? [More…]
We cannot see that there is any damage to the economy in this respect. [More…]
The Minister said that the Government’s amendment proposes to make the nexus between inflation and employment a principal point of consideration in the matters on which the Conciliation and Arbitration Commission will adjudicate in so far as they affect the economy. [More…]
Immediately one decides that a determination or an award is to be altered because of the effect it might have on unemployment and the effect of that unemployment on the economy, one forgets that there is a 2-way stream of events. [More…]
There is the effect of an award on the economy but there is also the effect of an economy on inflation itself. [More…]
As the clause stands now, all those matters are considered insofar as they affect the economy but the economy also affects them. [More…]
I think that section 39 is fairly inadequate and that clause 6 is inadequate as it stands at present, and it is for that reason that I suggest to the Minister that the word ‘inflation’ be omitted and the following words substituted in its place: ‘prices having regard to the state of the national economy at that time’. [More…]
That proposition is designed to take account of the aggregate effect of the economy on employment so that it is separated from any determination of an award which itself can affect employment. [More…]
I can think of many situations since 1945 in which the principal effect on employment and unemployment in the economy has been severely deflationary. [More…]
It is very much like the old iron law of wages, the old wage fund idea that there was so much money in an economy to pay for wages and, of course, the lower the wages were, the higher the employment would be; the higher the wages were, the higher the unemployment would be. [More…]
I can think of another situation in which the major effect on employment would not be the determination of an award but would, in fact, be the reallocation of resources in an economy. [More…]
It would be wrong under those circumstances to suspend a determination of an award for the reason that it might cause unemployment when the unemployment was being caused by a totality of other effects which concern the economy as a whole. [More…]
The tragedy is that these matters have to be considered because of the dreadful mess your Party made of the economy. [More…]
It states that in the settlement of disputes the Conciliation and Arbitration Commission shall consider- these are the precise words- ‘the likely effects on that economy of any award that might be made in the proceedings or to which the proceedings relate, with special reference to likely effect on the level of employment and on inflation’. [More…]
I believe that what I suggest is also correct total economics and it takes account of the fact that in the determination of any award there is a local effect in relation to the dispute itself, but there is also an aggregate effect related to the economic growth of the community, related to deflationary effects that may occur in the economy and related to a possible credit squeeze in the economy. [More…]
Omit ‘inflation’, substitute ‘prices having regard to the state of the national economy at that time’. [More…]
-The Act as it stands requires the Australian Conciliation and Arbitration Commission in Full Bench proceedings to have regard to the state of the national economy and the likely effects on that economy of any award it might make. [More…]
Those are fairly substantial prerequisites for the Commission- it must have regard to the state of the economy and the effect on the economy of its decisions. [More…]
Those assertions related to the effects on the economy of passing on the 6.4 per cent. [More…]
We believe that the Commission already has regard to the state of the economy, particularly to employment and inflation which are major factors. [More…]
In the national wage decisions over the years there are references to the state of the economy and the effects that decisions might have on the state of the economy. [More…]
The Commission has always paid substantial regard to the state of the economy in making its decisions. [More…]
It said it was drawing a plateau at that level because of the effect of its decision on the economy. [More…]
What more proof could one have that the Commission takes into account the effect of its decisions on the economy? [More…]
It has to be a dispute settling body, paying regard to the economic consequences of its decision and the state of the economy, which is what it does. [More…]
The Government is telling the Australian Conciliation and Arbitration Commission that it must take into account the effect of its decision upon the economy generally and upon inflation and the employment situation. [More…]
Yet the Government steadfastly refuses to allow the Commission to examine the Treasury officials who prepare the Government’s case on the effects of the unions’ claims on the economy. [More…]
When the Australian Council of Trade Unions sought to have Treasury officials put into the witness box to be cross-examined by the unions and to be questioned by members of the Bench on the accuracy of the statements that they were making in relation to the economy, the Bench felt that it was unable to accede to the request. [More…]
How on earth can an organisation or a body that relies upon a constitution that places the emphasis on its role of prevention and settlement of industrial disputes be expected to manage the economy when it has control over only one single factor that goes to the control of inflation and the other things that economists seek to control? [More…]
How could we expect the Arbitration Commission, with no power to control profits, no power to control interest rates, no power over fiscal policy, no power over monetary policy, to be able to act as the manager of the economy? [More…]
In every case in which I appeared in 1973, 1974 and 1975, 1 instructed counsel representing me to make the position abundantly clear, to the Commission, that the Government did not expect the Commission to act as the manager of the country’s economy. [More…]
We, as a government, told the Commission that its job was to settle and to prevent industrial disputes and it was the job of the Government to manage the economy. [More…]
I am well aware of the fact that whatever decision is taken by the Commission does have some effect on the economy. [More…]
Yet the question of whether a decision is adversely affecting the economy or is likely to affect inflation or unemployment is essentially one for arbitral decision; it is not a judicial matter. [More…]
We regard indexation as a short term wages measure which, when the economy gets into a position of some equilibrium we will abandon in favour of a scheme which increases real household income and increases the value of real wages. [More…]
If the economy has a decent rate of economic growth and a decent rate of growth in real output per person, rising standards of living will be maintained. [More…]
1 remind the honourable member for Griffith that under proceedings before the Commission under sections 31, 34, 35 or 36A it shall take into consideration the public interest, and for that purpose shall have regard to the state of the national economy and the likely effects on that economy of any award that might be made in the proceedings or to which the proceedings relate, with special reference to likely effects on the level of employment and on inflation. [More…]
This is no different from any other economy in the early stage of recovery but the Government is confident that investment is again taking place against the background of the stimulus provided by the investment allowance and that that stimulus, together with a greater increase in stimulus to consumers as a consequence of the Government’s recent economic statement, will certainly set this country further on the way to recovery. [More…]
He says that it is simply a matter of economy. [More…]
All these things are being done under the smokescreen of economy. [More…]
This Parliament and the community should not be denied information under the smokescreen of an economy drive. [More…]
The decision of the Government to return the responsibilities of the Road Safety and Standards Authority to the Department of Transport is an economy measure with which I will deal in some detail at a later stage. [More…]
In passing, I think it is true to say that that is one reason why the United States economy is starting to boom and is coming out of its period of stagnation. [More…]
On the other hand it is probably one of the reasons why the Australian economy is harder to shift from that trough with price and inflation pressures still present. [More…]
Companies will be required under the Act to give an undertaking to exploit in Australia the results of the industrial research and development for the benefit of the Australian economy. [More…]
I think to see its importance we have to look at the key role of shipping in our economy. [More…]
I outlined the vital role that sea transport plays in our economy. [More…]
The economy zone in the larger Boeing commences at row 16. [More…]
This is the most forward economy row when the cabin is configured for maximum first class seating. [More…]
The alternative of placing the economy non-smoking zone at the most forward feasible row in the smaller jets would lead to difficult seat allocation problems and possible schedule disruptions in preserving non-smoking seat assignments on the occasion of aircraft substitutions and in transhipping operations. [More…]
In view of the Treasurer’s stated intention to foster initiative and get the economy moving with as little Government intervention as possible, can he explain the logic of cutting this modest program? [More…]
As soon as we can get the economy in a recovered state we will be giving further attention to expanding our efforts in this area. [More…]
We welcome that because of the advantages which it will provide, and we would see overseas investment as a contributing factor to the recovery which is presently taking place in the Australian economy. [More…]
The particular tariff policy adopted by a government can have a profound influence on the rate of growth of the economy, on the price which consumers pay for goods and services, on the distribution of the work force, on relative development of metropolitan and non-metropolitan areas, on our relations with other countries and, most importantly, on the standard of living of every Australian. [More…]
To argue for lower tariffs is not in itself simply to argue the case for the rural sector against the manufacturing sector, but rather it is to argue the case for policies to achieve the greatest efficiency within the manufacturing sector whilst recognising the problems that high tariffs pose for those areas of the economy that do not require protection. [More…]
At the risk of over-simplification, however, one can say that high levels of staff protection act to the detriment of the more efficient primary, secondary and tertiary industries in the economy, through raising the overall cost structure, through diverting resources away from the more efficient industries and towards those that are protected, and through influencing exchange rate policy in a manner disadvantageous to export industries which in the main are those industries in which Australia has a comparative cost advantage. [More…]
It should also be recognised by governments that what is an acceptable rate of change in the area of tariff policy depends importantly on the general level of activity in the economy at any particular time. [More…]
The real and lasting consequences on the economy of Ballaarat must be taken into full account when the tariff decision is first being considered. [More…]
It is being produced at a time when we need to take a long and a hard look at the type of Australia we want over the remainder of this century and at the interrelationships between the different sectors of the economy. [More…]
Again, we have witnessed in Australia since the early 1960s a major transformation in the structure of our economy as a result of the development of our mineral wealth. [More…]
He is a very able man and I am confident that he, like his predecessor, will make a significant contribution to the Australian economy in his onerous new position. [More…]
This country requires strong manufacturing industry in a large number of significant areas of the Australian economy. [More…]
The Treasurer (Mr Lynch) has made it very clear in his speech on the economy on 20 May last that there are going to be hard times ahead for Aboriginal communities and organisations around Australia. [More…]
In my area as well as in all others it was appreciated that, if the economy of this country was to be brought under control, we all had to share in the responsibility and, in a sense, in the burden of getting control of public expenditure, bringing it into perspective and then, in a holding position this year, assessing what our current programs were and where we would be going in the year after that. [More…]
As one who worked for more than S years in the large and effective Department of Trade I feel some anger in seeing what the disgraceful mismanagement of our economy over the last 3 years has led to in the manufacturing area. [More…]
Because of the mismanagement of successive Labor Treasurers we are faced with quite extraordinary decisions in bringing our economy under control. [More…]
Much has been spoken in this chamber of the mismanagement of the domestic economy but a lot more should be said of what happened to the hard won and exemplary performance on visible trade items in our balance of trade. [More…]
This Government does not recognise that housing is a key part of the Australian economy. [More…]
The real reason that the economy will not get off the ground is that people are insecure. [More…]
We need a stimulus to the economy. [More…]
It would seem that, with the stability of the nation, a capacity to buy, good management of the economy- and I know that the Deputy Whip agrees with me- if we follow through on this trend that is now showing some evidence of success we shall, through the various programs of the Government, such as the home savings grants scheme with which this Bill deals, we will provide a capacity and opportunity for all Australians to own their own homes. [More…]
The purpose of the investment allowance is to increase the productive capacity of the economy after the period of decay over which the honourable member’s leaders presided. [More…]
Further, that this House rejects the delusion that the speedier restoration of health to the Australian economy would necessarily have an adverse effect on inflation and, on the contrary, holds to the view that the continuance of the low grade depression which characterised the administration of the preceding Labor Government does in fact expose Australia to unnecessary social and financial stress and, in the long run, contributes to the maintenance of inflation. [More…]
A Labor Party Administration would have panicked in relation to the functioning of the economy then, and the deficit would have gone to $6 billion. [More…]
Indeed, since travelling economy class, as is the fashion of parliamentarians today, I have become acutely aware of some of the potentially lethal articles that are carried on aircraft. [More…]
When the Government assumed office in December it began a detailed and thorough review of the economy and of the administrative arrangements established for the carrying out of existing policies and programs. [More…]
In connection with his advice to me of a recent survey by Qantas, the result of which will be an increase in the nonsmoking seats to about SO per cent of the total economy and 40 per cent in first class, will he inform me of the reaction of the domestic airlines to this Qantas decision. [More…]
The domestic airlines are currently investigating the matter and are considering the provision of an additional row of seats in the economy section for non-smokers. [More…]
to (4) The Treasurer announced in his Ministerial Statement on the economy on 20 May 1976 that an interdepartmental committee has been established to review all major urban and regional development programs, including the growth centres program, and to make recommendations to the Government on the nature and extent of future Commonwealth involvement in these areas. [More…]
Senator Bull in fact, in his association with the grazing industry, first expressed concern about the extent to which there was a change in the structure of the Australian economy which export industries and those associated with them might find it hard to survive. [More…]
It is a most important reform for Tasmania and I believe it will ensure the future stability and prosperity of the Tasmanian economy. [More…]
These could include the position of each country’s economy in the business cycle, conditions in overseas markets, and, for countries importantly engaged in commodity trade, variations in seasonal conditions and commodity prices. [More…]
A further relevant point is that it is not possible to draw meaningful conclusions from such comparisons as to the ‘efficiency’ or ‘welfare ‘ of particular sectors of the Australian economy. [More…]
Having in mind that the ABC recently withdrew several popular programs as an economy measure when previously required by the Government to exercise restraint in spending and that further substantial staff cuts are allegedly contemplated, will the Minister take steps to establish whether the ABC can justify its action in accepting these reverse charge calls for a program of dubious merits? [More…]
This year’s Budget is designed to achieve a level of real economic growth in the Australian economy of 4 per cent. [More…]
Last night’s Budget will put the economy back on to the growth path it was on before the Labor Party caused a recession in this country. [More…]
I say to this House, and I say it deliberately, that it may be one thing to seek to ascertain what the projections are, but surely as a matter of confidence in the country and as a matter of a responsible attitude, the Opposition ought to be promoting in this Parliament whatever it believes ought to be done in relation to the economy. [More…]
Medibank Mark 1 certainly achieved universal health insurance but it did so at the expense of largely ignoring the need for economy and efficiency in overall health care. [More…]
Your Department, as it was formed by me as the then responsible Minister, had a say in the whole spectrum of the economy and dealt in a more detailed and humane way with aspects of the economy because the human problems that are involved are in urban affairs. [More…]
The classification of positions which have counter contact with the public in the various Departments and other agencies is determined in the light of a number of factors including the range and complexity of the issues likely to be raised by the public, the effective use of staffing resources and the observance of administrative economy. [More…]
Do these projections not indicate that, if money supply is to be increased to cover cost movements and real growth in the economy, it should increase by IS per cent to 16 per cent and that the much lower rate of increase projectedthat is, 10 per cent to 12 per cent- represents a sharp monetary squeeze for the year? [More…]
The economy now is sufficiently integrated to be regarded as the one whole economy, not seven or eight different parts, not like some seven or eight different communities. [More…]
We are a national Parliament and we have a national economy. [More…]
A major purpose of Federation was to create a national economy. [More…]
It is also anticipated that these new arrangements for radio and audio-visual training will be introduced with the maximum of economy consistent with professional standards. [More…]
We must ensure that there is frequent review of the market penetration by developing countries for whilst we are prepared to assist and even to accept structural adjustment in our own economy we must not destroy our own vital industries in the process. [More…]
They are changes which are fundamental to our economy. [More…]
Only on exports can our economy survive and improve. [More…]
They contrast very significantly with the measures in the Budget last year, when the former Government, faced with its own massive incompetence in the management of the economy, abandoned all pretence of reform and brought down the harshest, most unconscionable and most conservative Budget in Australia’s history. [More…]
We have been abruptly asked to face the realities of an economy that has been brought to its knees by the previous Government. [More…]
A political strike is one in which the union uses the strike weapon to cause such dislocation to the economy or inconvenience to the population that the elected government is under great pressure to concede the political decision that the union is urging upon it. [More…]
A strong union movement is vital, in my view, to a healthy economy. [More…]
But it is not just our economy or our social welfare programs that are at stake in this. [More…]
This Budget declares that the quality of our lives, the quality of our cities and towns, the quality of our social services, the humanity and efficiency of our public institutions- the things which enrich and beautify our surroundings and which alone can liberate our people from drabness, hardship and insecurity- are not the concern of the national government in command of the national economy. [More…]
Far from stimulating the economy the Fraser Budget has merely stimulated the share market. [More…]
The Budget is determined not just to retard or restrain public investment but to reverse it- to destroy the basis of the mixed economy, the foundation of prosperity in every comparable Western nation. [More…]
The point of bringing the announcement forward was not to soften the impact of the Budget but ostensibly to give some early evidence of the Government’s determination to restore the economy. [More…]
It has fondly imagined that these would somehow impress the business community and get the economy moving. [More…]
The mixed economy is no longer challenged by those who would seriously attempt to ensure economic growth and social justice. [More…]
The Governments of the Federal Republic of Germany, of Japan, of Sweden, of Canada and of the United States have long since abandoned the notion that the national economy will inevitably be healthier to the extent that the private sector prevails as far as possible over everything else. [More…]
And it will do so, not by depressing all our living standards equally, but by promoting a dual economy, a dual society, 2 nations- a minority of very rich, including a minority abroad who share in those riches, and a population at large for whom life is increasingly onerous, dreary and impoverished. [More…]
In them the mixed economy no longer exists. [More…]
Did it build a stronger economy? [More…]
There are the beginnings of signs- stronger consumer preference, housing approvals up, stock inventories down, private investment up and indications of the savings ratio dropping- that the economy is on the way to recovery. [More…]
In a time when he wants to stimulate business and thus the economy, the Treasurer (Mr Lynch) takes away from that sector the prospect of government contracts. [More…]
When only one area of the economy- government enterprise- can withstand the vicissitudes of the ill-fated and delicate notion of business confidence, he slashes it to the bone. [More…]
The simple facts are firstly, that the contractionary nature of the Budget will lead to vast unemployment because of the fall in aggregate demand, especially through a decline in consumer, government and business spending; and, secondly, that the whole rationale of the economic package does not attack the basic ills of the economy- that is, the structural imbalance caused by elements such as obsolescence, protection and multinational corporate activities. [More…]
Despite the so-called ‘lollies’ to business, private investment must also inevitably decline for not only will there be a slackening of consumer demand as a result of falling incomes but also more importantly the loss of contracts, due to slashing of government current and fixed capital expenditure, will have far-reaching multiplier and accelerator effects throughout the economy, perhaps taking unemployment to the amazing, not to say frightening, level of 10 per cent in the new year. [More…]
I turn now to the earlier point I made, that the Budget just does not come to terms with the basic ills of our economy. [More…]
As a result they have been at once both the cause and the victims of a cost-price spiral which not only has inflationary implications for the economy as a whole but has also severely damaged their own economic viability. [More…]
If he were to look at such a question he would draw the inevitable conclusion that the cause is a basic and fundamental imbalance in the economy which he has so ineffectively tried to patch up. [More…]
The Australian economy is clearly in need of fundamental reorganisation. [More…]
This may come in one of two ways: Either it will come as a direct result of government-initated reform of the economy or it will come as a result of an economic depression from which only the strong and the viable will emerge. [More…]
I suggest that at present the economy is more likely to require stimulus than a restriction in credit, which would appear to be the outcome of this Budget. [More…]
There was a flow-on effect to the general Australian economy and this added to the recession which the Deputy Leader of the Opposition and his colleagues caused during their period in office. [More…]
The Government as an economy measure decided to spread over 3 years some portions of its contribution towards the provision of accommodation for aged persons. [More…]
I have long thought that believing that something you do on the second or third Tuesday in August will irrevocably set the pattern for the economy for the following 12 months is sheer nonsense. [More…]
Government employment in the 5 years from 1971 to 1976 increased by something like 18 per cent whereas total male employment in the private sector of the economy increased by only 3Vi per cent over that period. [More…]
Is that the sort of increase in consumption that the Government believes will lead to this longevity of recovery and will stimulate the economy? [More…]
But there will be a lot of difference in the consequences to the economy as one or other eventuates. [More…]
After all, 18 months ago it was apparently a virtue to save; now apparently it is a virtue not to save, in the interests of the economy. [More…]
If there is a lift in their economies, that will impact upon the fortunes of the Australian economy. [More…]
To return to the first of those assumptions, ‘the general stance of monetary policy will be such that the banking system is able to meet the financial needs of the economy while being less than fully accommodating to the inflationary demands’. [More…]
The lesson has to be learned in Australia that the Australian economy can change, for reasons internal and external, in the course of a year. [More…]
The Government seems hellbent on investment but manufacturers in my electorate cannot enlighten me as to how investment in new capital goods will improve the economy. [More…]
Together the 2 areas represent the keystone of the economy. [More…]
We were determined to oblige the then Government to examine its soul, to appreciate just what it was about and what potential damage it was storing up for the economy. [More…]
Of course, that would be within the context of our unchanging strategy to beat inflation, to provide meaningful, gainful employment for all Australians, and to get the Australian economy moving strongly forward again. [More…]
But of course this conservative Government does not want to stimulate the economy. [More…]
Part of its overall Budget strategy is to squeeze the economy to such an extent as to cause fear amongst the workers. [More…]
The Government wants to dampen down the economy. [More…]
It does not want to revive the economy at this stage because it wants to put fear into the minds of the Australian workers. [More…]
It is squeezing the economy. [More…]
It is against this background and the statement on the economy on 20 May that we have to judge the Government’s economic project. [More…]
The Government has made a real attempt to bring the economy under control, an attempt to bring government spending under control; and an attempt to bring some discipline into the economy, both public and private. [More…]
High levels of under-utilised capacity and subdued consumer spending point to areas in the economy which will need to be kept under review. [More…]
The Australian economy has been tightened and strengthened since the unprecedented developments or 1974. [More…]
I should like to refer to some of the movements in the money market which reflect the goings-on in the Australian economy. [More…]
This reflects, in itself, the confidence of the money market in the next two to three years of interest rates and, therefore, confidence in the economy. [More…]
Rapid and continuing inflation has serious effects on the way the economy functions and on the social fabric generally. [More…]
I could go on but the point is clear no economy, no society, can cope with that sort of change, even for a few years, without very severe side-effects. [More…]
From that point of view there is a question mark about its actual effect on the economy, but certainly as a social measure it is a great innovation and it is another pointer that shows that the Government thinks about people. [More…]
When everything has been wound down and has cooled off, the mining sector will emerge as more dominant than it has ever been in the Australian economy. [More…]
The mining sector will be the new big customer in the economy, at least for the time the projects are getting under way. [More…]
In other words, that sector of the economy which does not produce wealth but tends to consume it took an increasing proportion of this nation’s capacity to refill the pool from which welfare payments must be drawn. [More…]
The thing that bothers me about the whole debate on the economy is the intellectual sterility of it. [More…]
We have a mixed economy. [More…]
The role of the Government is fundamental to the Australian economy. [More…]
I am the first to recognise the difficulties that flow from the change in the Australian society, the change in the economy, the change in the world at large. [More…]
Although much effort, sacrifice, courage and goodwill are needed to bring Australia and its economy back on to the rails, back into a sound position, I am sure that it will occur. [More…]
One would have thought, from the way in which it was carrying on, that the Australian economy was rollicking along at a great old rate, but in actual fact it was not; it was on the rocks; it had foundered. [More…]
He practised his rhetoric and made noises, but he put up no counter-proposals as to how this country’s economy could be put back on the rails. [More…]
It first needs to be said that no one can accurately foretell the path which the economy will follow. [More…]
The following description of the possible path of the economy over 1976-77 may then, indeed will, prove to be incorrect in detail if not, hopefully in the broad. [More…]
No one seems to look at these wholesale stoppages in terms of the enormous damage done to the economy and, in fact, to the positive erosion of the standard of living of everyone in this country. [More…]
This Government had the opportunity in its Budget to stimulate the economy. [More…]
Government spending in non-inflationary areas such as capital works, roads, housing, sewerage and construction generally would have had the effect of stimulating the economy and reducing unemployment. [More…]
It does nothing for the economy. [More…]
It will not solve the problems of the economy; it will make them worse. [More…]
We submitted before the Arbitration Commission that full wage indexation locks the economy into double digit inflation. [More…]
There is a growing recognition that excessive wage increases are not only illusory but damaging to the Australian economy and to the interests of all Australians. [More…]
New investment must take place to forestall supply bottlenecks as the economy gathers momentum. [More…]
This is an approach which not only undermines the economy but also exacerbates the problems the expenditure purports to solve. [More…]
What the Labor Party cannot comprehend is the effect of these measures on consumer and business confidence which is growing because of the belief that this Government will successfully combat inflation and get the economy moving again and because of the belief that we will do what we say we will do. [More…]
What the Leader of the Opposition refuses to concede, if indeed he realises it, is that it will be impossible to rectify overnight the grave damage done to the economy by his Government. [More…]
The world economy has been shaken by the energy crisis, inflation and severe recession, and both our economies have suffered as a result- more so than most other developed countries. [More…]
Yet, not only were the people at the last Federal election misled into believing that the people who are now in control would manage our economy better, but in speeches such as the one to which we have just had the misfortune to listen to in this House tonight, they are still seeking to mislead the Australian people in the same way. [More…]
That is not just me talking; that is quoting responsible commentators on the state of our economy. [More…]
For concentration on one aim will lead to the creation of further distortions in the economy. [More…]
A quite inadequate picture of the state of the economy was presented by the Treasurer on Budget night. [More…]
For example, in the United States in 1975 government expenditure was the only substantial expansionary influence on the economy, increasing by 1.3 per cent while gross domestic product declined by 2 per cent. [More…]
The Treasurer apparently notes that most OECD countries have rates of inflation which are too high and then generalises the broad recommendations which are made for this group of countries in aggregate to the substantially different Australian economy. [More…]
Our economy will require social contracts at various stages in the trade cycle progress. [More…]
The combined factors of severe unemployment and under-utilisation of construction industry capacity and the depressed state of the economy suggest clearly that selective stimulation should have been given to this industry, particularly in the most depressed regions. [More…]
As soon as the upturn in the world trade cycle reaches us and our economy recovers, which it will in spite of the foolish economic mistakes of the coalition Government, those young skilled workers will be badly needed. [More…]
The great weakness of Mr Whitlam ‘s speech was its failure to recognise that the Budget tried to do what the coalition was elected to do: fix up the economy; cut Government spending; reduce taxes. [More…]
It seems to me that the indexation system may have long term difficulties in that it locks into the economy the presumption that inflation will always be with us. [More…]
If we were to make provision to help them to stay at home it would be a worthwhile gesture that would help Australia and help the economy. [More…]
It purports to ease and, in some cases, to rectify Australia’s economic ills, to reduce the rate of inflation, to lower the level of unemployment and, overall, to bring about greater stability in the economy. [More…]
Total receipts are expected to increase by 19 per cent, compared with a growth in the economy of about 4 per cent. [More…]
How will that stimulate the economy? [More…]
Honourable members opposite constantly blame the Whitlam administration for the present state of the economy, but the public is no longer falling for that argument. [More…]
I can remember my dear old father telling me at one time- and this quotation has been given previously in this Parliamentthat Baron Rothschild, one of the early international bankers said approximately 50 years ago: ‘Give me control of a country’s economy and I care not who makes its laws’. [More…]
It is an area that we must help because our economy and so many job opportunities depend on small business, ranging from the owner operated corner store through to small companies. [More…]
This would include not only increased mineral processing but also more mineral based manufacturing prior to export and strengthen ties with other sectors of the economy. [More…]
I emphasise ‘a minimum increase’ because we hope that as the economy recovers we will in fact be able to allow a greater increase than that. [More…]
I believe that what we have seen in recent days represents a deliberate intention to talk down the economy and that, surely, is contrary to the interests of any honourable member and contrary to the interests of the country at the present time. [More…]
For the economy to recover, two inter-related matters, namely, inflation and unemployment must improve. [More…]
The whole economic situation gives cause for grave disquiet but in particular we are concerned with the present level of unemployment which touches not only the economy but also industrial relations. [More…]
This is the second sitting week in a row in which we have started proceedings after question time by an honourable member from the Government side getting up to attack the unions for being irresponsible and being responsible for the state of the economy. [More…]
The Liberal and National Country Parties achieved government, or seized government, largely on the rationalisation that it would be able to manage the economy far better than the Labor Government was doing. [More…]
In fact, they show that the economy is getting far worse. [More…]
All the indicators show that the economy is heading downwards rather than that any great recovery is under way. [More…]
Furthermore, the cutting of real wages runs counter to the need of the economy right at this time to increase consumer demand. [More…]
It is a truth which stems from the reality of the distortions of the Australian economy brought about by the previous Government, the essence of which was inflation. [More…]
While award rates will be slowed in this way, with the recovery of the economy there will be increased overtime and other receipts. [More…]
Far from the Government effecting any of the cures which we were promised, we find that the economy is in a far worse state than it was on 1 1 November when this Government was installed by the Governor-General. [More…]
There is no attempt from honourable members on this side of the House to condemn employer organisations in general terms and in an off-hand manner; there is no attempt to say that everything they do is wrong, that we should not listen to them, that we should not try to co-operate with them, that we should not try to look at the influences that operate in order to bring about a healthy economy. [More…]
What the debate is about is how we are going to get out of this difficult economic situation because we assert, with great confidence, that the economic difficulties which we suffer in Australia are difficulties of the system whether we describe it as a capitalist system or a mixed economy, which are shared by every other comparable country which has our form of system. [More…]
The profit share is low at present because the economy is still in a cyclical trough. [More…]
On the contrary, the combination of a real cut back in government expenditure and a slack, even deteriorating private sector of the economy will create much higher unemployment levels, particularly as at the end of this year 200 000 school leavers plus 50 000 graduates from tertiary institutions will come onto the labour market. [More…]
The Government must come up with a policy which will enable young people to obtain apprenticeships, regardless of the state of the economy. [More…]
The Government’s objective is to overcome the major distortions to the economy that have become real barriers to a return to full employment. [More…]
In fact, this level of representation broadly holds irrespective of the state of the economy. [More…]
Secondly, I invite honourable members to examine our expenditure on education for this financial year and to discover the importance that we place on the vocational preparation of young people for employment in a modern economy. [More…]
The Minister said that at the time the Government came to office the economy was sound and that it was the actions of the Labor Government which created the conditions which pose a threat to employment. [More…]
Predictions on improvements in the economy are as far astray in most instances as any made by a Labor Treasurer between 1973 and 1975. [More…]
I just cannot swallow the repeated assertions that all the troubles in our economy are a direct result of the election of a Labor government in December 1972. [More…]
What does interest me is whether he is able to make any worthwhile and constructive contribution to the task of restoring the economy. [More…]
The other thing that the Opposition does not seem to understand is that we cannot have an economic revival unless we revive the private, productive sector of the economy. [More…]
If anyone wants to call these things handouts, let it be understood that they are handouts with a tremendous significance for the whole Australian community, and for the work force in particular, because they are the key to a strong, productive and expanding economy in the private sector of the community. [More…]
The Government is very much aware of the problems of the primary sector of the economy and will continue to do all it can responsibily do to help find answers to these problems. [More…]
The new policies will encourage resources to move from the public sector, from overseas, and from within the Australian economy into our mining industry- one of the most efficient, low-cost users of resources. [More…]
The mining sector of the economy faces a particular problem- a combination of difficulties and risks of which the present Government is well aware and which the changes to the mining taxation law in 1974 completely failed to recognise. [More…]
-The Deputy Prime Minister (Mr Anthony) has been at pains to justify the strategy of this Budget, which is based on the premise that only through a reduction in inflation can the economy recover. [More…]
The Prime Minister and the Treasurer (Mr Lynch) exhort the nation to spend, yet in May and again last month the Government ignored two of the three components of aggregate demand so necessary to stimulate the economy. [More…]
It has an effect, firstly on their outlook and aspirations for the future and, secondly, on the future development and productivity of the economy. [More…]
Moving on to the building and construction industry as a whole, it should be recognised that it represents one of the most diversified employment areas within the economy. [More…]
The Opposition, especially through its spokesman on the economy, has repeatedly alleged that the Government should have run a very much higher deficit. [More…]
Of course, it would be a very simple solution for the Treasurer to provide a stimulus to the economy by that medium, but the recovery created and the jobs provided would be very short lived indeed. [More…]
That means money supply falls short of the needs of the economy by up to 5 per cent. [More…]
It is the wrong medicine for the economy. [More…]
The Government must stand ready to introduce a package of measures- measures to stimulate selected sectors of the economy in the early New Year. [More…]
More significantly the commitments entered into in this year’s Budget which have to be paid for next year have jammed the Government into a tight corner if it genuinely wishes to avoid increasing Government expenditure as a proportion of gross domestic product and if it wishes to hasten recovery from the stagnation this year’s Budget will impose on the economy. [More…]
This is a Budget of reform as well as a Budget for restoring the bruised and battered Australian economy. [More…]
We come to look to the annual Budget as the principal means by which the Government manages the national economy and generally gives effect to its overall economic strategy. [More…]
In the Budget we should be able to read about the Government’s concern, or lack of it, for the long-term health of the individual sectors of the economy and we should find reflected the Government’s priorities in regard to the welfare of the different sectors or groups in the community. [More…]
I believe it is short-sighted in its harsh treatment of those sectors of the economy whose health is vital to economic strength in the long term. [More…]
But by even quite small additional spending in areas of greatest need in the economy it would have been possible to engender a significant strengtening in the confidence of Australians in the future. [More…]
I said earlier that the Budget is plainly shortsighted in its neglect of sectors of the economy whose capacities must be preserved. [More…]
When this Government came to office, the economy was really sick, far more sick than most people realised. [More…]
From the time this Government came to office it avoided the temptation artificially to stimulate the economy in the short term as this would bring aggravated difficulties in the longer term. [More…]
These concessions are justified in that they will assist the growth of our economy for the benefit of all [More…]
When the economy is restored to health we may expect further enlightened, selective social programs aimed at helping people in a practical and dignified manner. [More…]
This assumption seems to me to be at least as valid as any other I have heard advanced and, if the assumption proves to be correct, the Budget will go a long way towards reviving the economy for the benefit of all. [More…]
Thus, despite the fact that demand is still about 10 per cent below capacity, industry must utilise the investment allowance more than it has done and restock so that this may assist the economy to advance surely by the end of the current financial year. [More…]
Because of the complex nature of the economy and the difficulty of understanding its working, the onus is more on corporations to invest than it is on consumers to spend. [More…]
Twenty minutes is insufficient time in which to appraise a Budget of this magnitude and complexity, but I hope that in other debates on the economy we may have an opportunity to expand and deal with other important aspects of this very important Budget strategy. [More…]
The effect of the economy on the Budget- as well as the effect of the Budget on the economy- was taken fully into account in framing the 1976-77 Budget The reasons why that Budget is appropriate in present circumstances, and its implications for the economy over the next twelve months or so, are outlined- in greater detail than ever before- in the Budget Speech and the Statements attached to that Speech. [More…]
I make it perfectly clear to honourable gentlemen opposite that, while an economy is in the early stage of recovery, of course the indicators are not unequivocal. [More…]
If the honourable member for Adelaide seeks evidence of the turnabout in the Australian economy, I invite him to consider the following facts: Gross non-farm product rose again in real terms in the June quarter, following an increase of 3.2 per cent in the March quarter. [More…]
If the honourable gentleman is concerned about unemployment he will not continue to talk down the Australian economy. [More…]
I would hope that a longer term effect will be to cause all registered organisations to attempt to manage their operations with greater economy and efficiency and to be mindful of their principal objective which must be the welfare of their contributors. [More…]
Honourable members usually deal with matters relating to the economy in the Budget debate. [More…]
I refer to licence fees and such like- anything pertaining to the economy of these stations which will permit them to telecast over a longer period. [More…]
I suggest that in the future years or maybe in future months when the economy of this country becomes more buoyant than it is at the moment and we can begin to think of giving some sort of assistance to commercial television stations we should in fact encourage them and give them the sort of financial encouragement that will permit them to telecast programs for longer periods. [More…]
During my reply to the Budget I stressed that this year’s Budget was excessively restrictive and was not what was needed in an economy in at least the embryonic stages of recovery, even if we accepted that it was at that stage. [More…]
It has become clear that the Budget has been framed on the premise of an economy firmly on the way to recovery and around a massive gamble, the gamble of a private sector recovery unparalleled in recent times. [More…]
However, as each new indicator reveals, despite what the Treasurer (Mr Lynch) said in answer to a question I asked in the House today, there are no firm signs of recovery whatsoever and it is becoming more and more evident that the Budget was framed on a view of what the Government wanted the economy to look like at this stage rather than what the economy actually does look like at this stage. [More…]
The Prime Minister (Mr Malcolm Fraser) for instance, in an address to the United Farmers and Woolgrowers Association conference on 9 July 1976 gave his version of the state of the economy. [More…]
Despite the emergence since then of 2 sets of unemployment figures showing a further weakening of the labour market, despite such indicators as retail sales figures being down, motor vehicle registration figures being down and so on- in spite of all these things and the great number of indicators pointing to the absurdity of the presumption of a firm recovery underway- the Government has persisted in bringing down a Budget, of which this Bill is a part, which gives virtually no aggregate stimulus to the economy. [More…]
It is almost as if the Budget was all wrapped up in May when the Government perhaps did most of its considerations on the economy and it decided to ignore any developments after that. [More…]
While some of these rumours may be lacking in credibility, they all point to the same general feeling, namely, that the Government must do something and that it is not doing something about unemployment and the grave state of the economy. [More…]
The Government has refused to use the government sector as countries throughout the world have used the government sector, that is, as a lever to help the economy out of recession. [More…]
It makes no concessions to the entrenchment of dis.tortions and the permanent structural imbalances which will emerge in an economy where policy is directed only to one goal to the exclusion of all the others. [More…]
The economy must be brought back into a path of definite recovery. [More…]
Since the beginning of this year- indeed, since I took over as Labor spokesman on the economy- I have consistently put the view that the 1975-76 Budget- the one brought down in the Parliament this time last year- pared government expenditure to the limit compatible with recovery and that the Government’s cutbacks would worsen and not improve the situation. [More…]
I have argued that public spending can and should be used to get the economy moving. [More…]
Not only can we reduce unemployment by this selective expenditure, but we can train the young people and provide for the future skilled workers who will help to prevent widespread bottle-necks when the economy eventually recovers. [More…]
Wage indexation and cooperation with the unions brings order to the economy while the use of selective government expenditure of the type which this Bill makes available can ensure that faint signs of recovery are strengthened. [More…]
it fails to provide sufficient funds for selective stimulatory expenditure to revive the Australian economy’. [More…]
If ever there was an experiment that public expenditure itself was the way to reap economy harmony in Australia that experiment was indulged in for 3 years and that experiment was rejected because in fact it failed. [More…]
At the moment, perhaps I could sum up by saying that it seems that all of the favourable influences to which I referred in February are turning out to be even more favourable than was forecast then, and that many State revenues have been very buoyant despite a general slackness in the economy. [More…]
This Bill raises matters which are basic to the functioning of the economy. [More…]
I discussed that strategy last night, and I think it is relevant to this Bill to consider the prospects of recovery in the economy, because our economy has been very sick and it is important to consider the prognosis. [More…]
Significantly, it also acknowledges an incipient recovery in the economy. [More…]
This scheme is a special scheme and unless its completion is expedited the economy of the whole area will collapse. [More…]
He said that the role of the Commission was not to become the regulator of the economy in a compulsory arbitration system but to pursue at length the conciliatory provisions of the Act. [More…]
The necessary constraints that have been imposed in relation to the economy, which were caused by the Labor Government’s mismanagement, mean that we will not be able to allocate more in aid programs until we re-direct the growth in the economy. [More…]
The stronger the economy the greater the aid program. [More…]
The Government, of course, is concerned with these matters, but the Government’s objective is to get the economy at large moving forward in a sensible and constructive fashion. [More…]
The people were asked to put their trust in this Government- a government which alone, they were told, could manage the economy; a government which alone, there were told, could solve our economic difficulties. [More…]
On no issue were the people more entitled to expect honesty from the Government than in the management of the economy. [More…]
This Government has been honest enough to admit that the real revival of the Australian economy can be achieved only if individuals are given the opportunity and the incentive to work and to make profits. [More…]
During this period also there has been a vigorous debate about the role of education in our society, about the purposes of education and in particular about the appropriate relationship between education and the economy. [More…]
Because Australia has an advanced industrial economy and because the aspirations of our people demand it, there is a need for a substantial share of the nation’s resources to be devoted to education. [More…]
Issues of major concern to this inquiry will include the co-ordination and rationalisation of existing types of post-secondary institutions, the relevance of new kinds of institutions, and the capability of both existing and possible new structures for meeting the educational needs and preferences of the individuals, the community and the economy. [More…]
Some have argued that the existing pattern of education and training in Australia has led to bottlenecks in the economy- shortages of critical skills which inhibit the creation of job opportunities in other areas. [More…]
Without a doubt, the whole strategy of the Budget is to provide further short sharp knocks to the economy, as though it has not already suffered enough. [More…]
They have a multiplying effect right through the economy, as far as employment is concerned, and that is particularly so in the building industry. [More…]
They are now encouraged by the ring of credibility in the Government’s economics policy to believe that the stage has been set for the sure, albeit initially slow, recovery of our economy. [More…]
If the Opposition wants to insist that many of our economic vicissitudes are a logical onflow of international economics it must necessarily follow that we cannot insulate ourselves against those same forces by maintaining an insular nation and economy so that we maintain an artificial standard of living. [More…]
To a certain extent that is true, but it must be equally clear that if we pursue a policy of education for itself without due regard to the eventual absorption and use of the talents so acquired by those engaged in it without concurrent attention to the economy we will be in the extraordinary position of having the best educated and, under our health programs, the most healthy and most cultured unemployed in our history. [More…]
The simple fact is that society, through the government of the day, elected to establish a universal health scheme and the present Government, through its pre-election undertaking not to dismantle the scheme, has effected such modification so as to ensure that the scheme will not consume the economy as has been the case in other countries. [More…]
When there is a total growth situation in the economy it is possible to begin to do something in respect of economic welfare or social welfare. [More…]
Does he not realise that that is a necessary transfer that does and should occur in the Australian economy? [More…]
2, if we are going to have an average rate of inflation of that order over the year, and if there is to be a gross domestic product rate of growth of 4 per cent over the year, there is not going to be sufficient money around to see that economic production will occur, to see that the economy can go on. [More…]
This Government, coerced by its dictatorial Prime Minister, again seeks to mislead the nation by union bashing and the creation of phoney issues in a futile attempt to divert public attention away from the real issue of its responsibility for the planned expansion of unemployment and the stagnating economy. [More…]
The Government controls the Treasury purse strings, not the trade union movement, and it is the Government which has the responsibility for the management of the economy. [More…]
The Prime Minister has adopted an ‘I dare you to’ attitude to demonstrators, again hoping to draw attention away from the perilous state of our economy. [More…]
After all, governments and not unions are responsible for the economy. [More…]
The Government when in Opposition refused to acknowledge that the Australian economy was locked into the world trading scene. [More…]
Transport is an area in which the Government could have acted to stimulate the economy. [More…]
The Treasurer has stated in his Budget Speech that when the people of Australia voted at the election held on 13 December 1975 the national economy was suffering from inflation, stagnation and unemployment, that Australia was locked into its most serious postwar recession, and that at that time there were people who were pondering whether we were facing historical developments that would be seen to be similar to the fearful economic circumstances of the 1930s. [More…]
That the Labor Party Government set out to do, and the impact upon the Australian economy and upon the welfare of the people in Australia was inevitable. [More…]
Surely it must be understood by socialists that, in an economy such as ours, they cannot possibly have absolute and complete control of the economy if private enterprise is providing 75 per cent of all the employment. [More…]
With a great sigh of relief many have said to me: ‘Thank goodness, now we can settle down to real restoration of the economy and sanity in the nation ‘. [More…]
The great weakness of the Leader of the Opposition ‘s speech on the Budget was its failure to recognise that the Budget tried to do what the coalition parties were elected to do- to fix up the economy, to cut government spending and reduce taxes. [More…]
This Government seized power last November substantially on the basis that it could manage the Australian economy more effectively than the Australian Labor Party could. [More…]
It boasted continuously both before and during the election period of how it would soon set the economy to rights. [More…]
Underlying this second basic objective of the Budget- that is, the transfer of real income from workers to profit earners- is a deliberate policy of not providing any immediate stimulus to the economy. [More…]
Yet it acknowledges in the Budget papers that without a recovery in consumer demand there can be no recovery in the economy generally. [More…]
It is the Commonwealth ‘s opinion that there is scope in the capacity and flexibility of the Australian economy for an appreciable increase in wages without undesirable inflationary consequences. [More…]
The desire to preserve wage and income relativities meant that one large settlement quickly spread to others and soon was transmitted through the entire economy. [More…]
Yet the men who have produced this Budget are the same men who threw us out of office last year on the basis that we could not satisfactorily manage the Australian economy. [More…]
This gives me the opportunity to refute some of the fallacious criticisms and statistics which he used in relation to the Budget and the state of the economy. [More…]
This was relevant in a different age when the structure of the economy and the attitudes of the major decision makers from both labour and capital were very different from what they are today. [More…]
I submit that more basic forces reside within the structure of our economy which allow these factors to exert their influence. [More…]
Secondly this factor, when it is combined with the long-term changes to the structure of the economy, has produced the present economic dilemma. [More…]
No longer is the economy a fluid structure in which traditional economic relationships and responses can be automatically predicted. [More…]
The economy is now more rigid. [More…]
It is this kind of fundamental structural change and the rigidities it has imposed on the economy which led to the disastrous economic events of 1974 from which we are now trying to recover. [More…]
To try to wipe out a deficit of almost $5,000m in one year would be disastrous to the economy. [More…]
Our task in the future is to make sure that we gradually reduce that deficit to get the Australian economy back on a sound footing without hurting the Australian people. [More…]
I think their past performance has proved that they just do not understand the economy. [More…]
It will also increase investment because as anyone who understands any basic facts about the economy will know, if we are to get investment going returns marginally will have to exceed the inflation rate. [More…]
It will be the policy of this Government, as the economy improves and as more funds become available, to channel much of these funds into this worthwhile field. [More…]
-When the Fraser Government was elected on 13 December last it was given a clear mandate by the Australian people to put the economy of this country on its feet. [More…]
The Fraser Government has been handed the task of putting the economy back into shape. [More…]
A significant factor in this recovery has been the existence, both during the election campaign and since, of a definite Government economic strategy- a carefully considered and rigidly adhered to plan to combat the problems besetting the economy. [More…]
Apart from improving the availability of resources to the private sector, the reduction in public expenditure and the subsequent deficit has a major bearing on financial stability, which in turn is of great importance to the private sector if it is to occupy the room in the overall economy vacated by Government spending. [More…]
Mao stressed the need for the Chinese economy to be self-reliant. [More…]
After more than a century of exploitation by colonialist powers, and economic disruption at the hands of the Soviet Union, the Chinese economy has been set upon the course of self-reliance. [More…]
No other country in the world is less affected by the upheavals in the present world economy. [More…]
The Government took hold of the economy, straightened out public expenditure and then implemented other programs to bring back some sanity into the economic management of this country. [More…]
‘that at the beginning of 1976 and before allowing for the present Government’s economy measures the deficit was estimated at $4.7 billion*. [More…]
Recently the Treasurer has accused my colleague, the honourable member for Oxley (Mr Hayden), and others in the Opposition of talking down the economy. [More…]
Surely the blatant hypocrisy of such criticism, coming from a government which in Opposition conceived and engineered the greatest talk down of the economy in history, must be evident to all. [More…]
This Opposition, unlike our predecessors who are now in government, is interested not in talking down the economy but in finding the right path to recovery. [More…]
This country needs a government which will do something for the economy, not one which will search in every nook and cranny for someone or something to blame for lack of success and lack of confidence. [More…]
The Labor Opposition policies in the field of wage determination and in advocating selective stimulatory spending represent a positive and viable alternative economic strategy at this time, and certainly are not talking down the economy. [More…]
It may lead to an overall increase in the efficiency with which the economy uses its investable funds. [More…]
It is not only the level of the deficit but also how it is financed that is important for the totality of the economy. [More…]
Finally, I should like to say something about the capital market or the availability of capital funds in the Australian economy. [More…]
I believe this is an opportunity to investigate some of the philosophic assumptions that underlie the financing of this very important, but very gigantic eater of limited capital resources with regard to the totality of the Australian economy. [More…]
The honourable member for Adelaide knows only too well that it is because the honourable member for Oxley (Mr Hayden) keeps on conducting himself as though he is more than the Opposition’s spokesman on defence, which is a subject on which we hardly ever hear his views, and making irresponsible and extraordinary statements on the economy. [More…]
Time and time again the Prime Minister (Mr Malcolm Fraser), the Treasurer (Mr Lynch), the Deputy Prime Minister (Mr Anthony) and other prominent senior members of the Cabinet have endeavoured to get confidence back into the people of Australia so that a situation can be achieved where the economy is running soundly and where everybody, irrespective of who they are, can share in the national wealth. [More…]
This Budget declares that the quality of our lives, the quality of our cities and towns, the quality of our social services, the humanity and efficiency of our public institutions- the things which enrich and beautify our surroundings and which alone can liberate our people from drabness, hardship and insecurity- are not the concern of the national government in command of the national economy. [More…]
The profit share is low at present because the economy is still in a vacuum. [More…]
Real government spending will fallTotal receipts are expected to increase by 19 per cent, compared with a growth in the economy of about 4 per cent. [More…]
The effect of these changes is to reduce total spending in the economy by government and households below possible and desirable levels. [More…]
Congress passes Budget but no lift for faltering U.S. economy. [More…]
It relates not only to the economy and to the financial structure of the country, but also to the way in which society can itself develop and prosper. [More…]
He showed no knowledge of the way in which the economy is trending and what should be done about it. [More…]
How can we ensure greater retail sales in the economy when the tax scales are so structured that people in these income brackets- that is to say, earning $6,000 to $8,000 and up to $14,000-were punitively damaged and their take home pay was severely reduced? [More…]
He had the problem of restructuring the whole of the Australian economy. [More…]
It says, first of all, that there were some signs of recovery in the economy particularly relating to inventories and to exports. [More…]
These are figures that must concern us all and we must now start to look in earnest at action to be taken to restore economic growth and consumption expenditure in the economy. [More…]
The recipe of the Whitlam Government, much maligned by honourable members opposite, for a recovery in the economy was such that there was a slowing down in the rate of unemployment. [More…]
It is nonsense for any member of the Labor Opposition to be critical of this Government’s management of the economy, especially its efforts in the employment field. [More…]
Will you again entrust the nation’s economy to the men who deliberately but needlessly created Australia ‘s worst unemployment for 10 years? [More…]
Surely the least informed honourable members opposite must know that the economy revolves around confidence. [More…]
The Prime Minister (Mr Malcolm Fraser) said before the elections that it would take 3 years to right the economy. [More…]
I repeat that the private sector is the part of the economy that is responsible for the employment of 72.8 per cent of the workforce. [More…]
They are forced to compete on world markets and at the same time produce in an inflated economy. [More…]
‘Groceries only’ is the order of the day in the economy of many rural families today. [More…]
It first needs to be said that no one can accurately foretell the path which the economy will follow . [More…]
The multiplier effect on this specific form of assistance would provide a substantial stimulus to the economy and result in the progressive reduction of unemployment. [More…]
It is a budget that will wreak on the economy the damage that this Government has already so successfully wrought on the democratic institutions of this nation. [More…]
We are not for tax enforced redistribution of wealth from one sector of the economy to another; we are for the creation of wealth so that the whole community can prosper and be enriched. [More…]
A rundown economy riddled with the cancer of inflation is not for this Government. [More…]
More recently we have had the disgraceful spectacle of a former Labor Treasurer attempting to debiliate the economy by flaming devaluation speculation- an act of economic sabotage. [More…]
We also recognise that only a healthy and vibrant economy can provide the resources our welfare agencies so properly call for. [More…]
One of the things that emerges from the contemporary economy is that full employment as it has been known will never again recur in Australia in the economic system. [More…]
It is partly the result of structural changes in the economy here in Australia, as in most other countries irrespective of their inflation. [More…]
Isabel Peron, who succeeded her husband as President after his death last July, has been unable to reverse two disastrous trends: the terrorist campaign of kidnaping and murder being waged by rival extremist groups of both the left and the right, and the steady collapse of what was once Latin America’s most prosperous economy. [More…]
One difference I can distinguish between Peron and the Leader of the Opposition when it comes to smashing a country’s economy is that the Leader of the Opposition is far superior. [More…]
As the economy picks up- as I expect it will- we must look for a strong rise in imports. [More…]
On the basis of the statement of the Deputy Prime Minister, on the basis of that comment in Statement 2 of the Budget Papers and on the basis of one’s interpretation of the state of the economy and the movements that can be expected in the economy- that basis is extrapolated from official documents and statisticsthere is every reason to be concerned about the likely outcome of our balance of payments position and the situation of our overseas reserves. [More…]
It is considered that the existing Treasury Directions relating to overseas air travel are adequate and that a requirement for full accountability in each and every case of official travel would remove from the procedures a degree of flexibility which is essential for the movement of officers with efficiency and economy. [More…]
-The Treasurer will be aware that in a speech made to the Retail Traders Association in Sydney this week the Minister for Industry and Commerce, Senator Cotton, suggested that a major boost to the economy could be provided by the fashion industry. [More…]
I ask the Treasurer: Does this suggest that the Government believes that planned obsolescence is really a dynamic factor in a capitalist economy such as ours? [More…]
1 suggest to the honourable gentleman that he ought to pay more attention to what is happening in the general economy instead of looking at concepts of planned obsolescence which do not have a great part to play at the present time. [More…]
If the Minister for Defence asserts firmly that defence expenditure this year amounts to 2.9 per cent of GDP, that means that there will have to be a recasting of the rate of growth in the economy to a figure somewhat below that which has been quoted by the Treasurer (Mr Lynch) as his anticipated figure for this year. [More…]
They stressed in particular that manpower training could help the unemployed and new entrants to the labour market to acquire skills needed to enter expanding sectors of the economy. [More…]
The people of Australia know darn well that the policies of this Government will fix the state of the economy in Australia and will reduce unemployment. [More…]
Quite apart from the Labor Party’s policies on tariffs, it is quite apparent to me from listening to the remarks of speakers on the opposite side of the chamber that they still have not recognised the fact that the state of the economy is related to unemployment. [More…]
Jobs will be created only when we have a sound, stable economy. [More…]
The Labor Party and some members of the trade union movement still do not understand this relationship between the state of the economy and the rate of unemployment. [More…]
It realises that reduction of the rate of unemployment in Australia must be related to the state of the economy. [More…]
The Government is setting out purposefully, through the Budget and other policy actions, to correct the state of the economy. [More…]
In total economic impact it matters not whether it is the Government meeting that cost or whether it is the public meeting the cost directly as patients, because in the final result the community bears these costs and it has the same sort of effect on the economy. [More…]
All sensible and thinking people know that the only successful way to reduce unemployment is to reduce inflation and to get the economy moving again. [More…]
It does its best to put down the economy. [More…]
The sense of hopelessness which it brought to young Australians, the lack of opportunities for satisfying their desired careers, its almost manic concern for changing the very structure of the Australian economy, and its disregard for established social patterns- all these ambitions, all these sinister nearachievements were the background against which an almost total economic collapse would have occurred had there not been a change of government at the end of 1975; and the Australian public knew that too. [More…]
It showed that the Fraser Administration was game enough to come out and make responsible decisions to put the whole economy back on the right road. [More…]
In vain have I waited for just one honourable member opposite to mention the need for reviewing that section of the economy which provides three-quarters of the job opportunities in Australia. [More…]
The Chambers of Commerce said that they are confident that the incentives provided in the Budget will encourage business enterprises and consumers to enter new spending commitments and thus help lift the level of activity in the economy. [More…]
The Prime Minister of Canada, Mr Trudeau, recently said that we cannot make a modified free market economy solve our current problems. [More…]
it will do no good to try to create a pure free-market economy to solve our future problems . [More…]
Until I heard the shrill comments made by some businessmen during the past few weeks, I had thought that the great depression of the 1930s had destroyed for ever the notion that a free-market economy, if unassisted by Governments, would produce by itself the ideal state of steady economic growth, stable prices and full employment. [More…]
Today it is a case of every nation for itself in preserving employment in a period of deteriorating world economy. [More…]
Medibank Mark I certainly achieved universal health insurance but it did so at the expense of largely ignoring the need for economy and efficiency in overall health care. [More…]
In so doing we are encouraging disciplined administration, to restore economy and efficiency in overall health care. [More…]
All they have done is to try to distort the processes of this Government and the effective administration of the economy. [More…]
The Marxists, by a campaign to totally disrupt civic life by the constant preaching of class warfare, by instigating physical confrontation, led the Chilean economy to the brink of absolute disaster. [More…]
Just as this Government is reviving the economy of Australia, which was almost destroyed by the Opposition, so the government of Chile is gradually reviving the economy of that country. [More…]
Every piece of data that it produces works against everything that we are trying to do in stirring the economy, in stimulating people and in trying to get the sons of things that are going to be necessary in the future for providing employment. [More…]
Unfortunately they are people of the ‘do good ‘ variety who do not know a great deal about what is necessary for the development of this economy, particularly in terms of power needs. [More…]
Had the Government’s approach been adopted by the Commission it would, all other things being equal, have had the effect of gradually reducing those real wages above the minimum wage from the inflated level to which they had previously risen and which lay at the root of the sharp downturn in activity and growth in unemployment which the economy experienced in 1974 and 1975. [More…]
At this stage, as is the case in the recovery of any economy in the western world, the indicators are not unequivocal. [More…]
I conclude by saying that the Government has no doubt that recovery is taking place, although again I observe that the indicators are mixed in some sections of the economy. [More…]
The Government believed that visits by the United States Navy would be a boon to Tasmanian business’ houses, and tourism ventures, providing a welcome boost to the economy. [More…]
When in office he wrecked the economy, threatened our relations with our allies and discredited the very process of government. [More…]
However, with the economy being controlled and with a fixed percentage of the personal income tax receipts going to local government, local authorities will be able to plan for the first time with the full knowledge that additional funds other than rate revenue will be available. [More…]
I am concerned about the situation, which seems to be becoming dominant in our economy, in which we have some unions whose main aims seem to be to work towards the destruction of our economy rather than towards its recovery. [More…]
I am not referring so much to the Sydney-Melbourne route but more to the other air routes throughout Australia on which one of the great disadvantages is that most people cannot afford an air ticket, and economy class travel is not available. [More…]
That could be well and truly tied up with the sustaining of the economy of that water project in the north-west of Queensland. [More…]
For each of the last S months we have had Treasury predictions that the economy had bottomed and that the upswing was in progress, and each time so far the prediction has been falsified by the event. [More…]
This obsession has also inhibited a reasonable program of selected capital works, which would have stimulated the economy and provided the infrastructure for the expansion of private industry. [More…]
Too bad if the Treasury brings the Australian economy to its knees, so that we have to depend on international capital to rescue us on its own terms! [More…]
Whatever the Australian economy is suffering from today it is certainly no such fever. [More…]
If we get our wish to end the expectation of inflation before the economy recovers, we may find the economy recedes still further, when whatever stimulus that comes from that expectation ceases to operate. [More…]
Plants get moth-balled, so that they are hard to start again and tend to be out of date when the time comes for them to reopen; the skilled labour force gets dispersedperhaps relocated hundreds of miles away under the new scheme- so that skilled men are no longer available when the economy recovers and they are wanted in their old industry. [More…]
So it may saddle the economy with an unnecessary overseas debt, which remains as a burden until repaid. [More…]
It tends to lock the economy into high future interest rates, because during the slack period long term loans will have been raised at high rates of interest. [More…]
In short, what is needed now is: First, tax reduction, especially directed toward cost reduction; second, a reasonable program of capital works, to be tapered off when the economy picks up; third, the prudent use of monetary mechanisms to reduce interest rates; fourth, a speedy devaluation of the dollar, to protect both exporters and home manufacturers. [More…]
What he is trying to do is to talk down the Australian economy to make a self-fulfilling prophecy that things will get worse. [More…]
Profits are fundamental to the working of any economy. [More…]
Money facilitated the specialisation of production that transformed numerous simple barter societies into a complex integrated international market economy. [More…]
It can give its subjects freedom and move towards a capitalist economy which will increase production; or it can give the world a gold standard which will bring about the sort of results I spoke of before. [More…]
If there is any truth in the sort of proposals I have outlined tonight to the House, then I think there is serious cause for concern for this economy and for other Western economies. [More…]
probably an argument that our economy- the Reserve Bank, the Government itself- should be moving to increase Australia’s gold reserves by converting foreign currencies into gold. [More…]
If Russia succeeds in establishing a gold-backed rouble, if Russia succeeds in either taking over or disrupting the supply of gold from South Africa, if Russia succeeds in becoming the dominant force in the world market for gold towards the end of the century, then it is going to be a whole new situation in terms of the world economy. [More…]
There is a vast potential for effect upon our economy and upon our whole system if the world economy changes to the extent that it could change if the monetary backing for international trading agreements becomes a gold-backed rouble rather that the British pound, or more recently the American dollar- the backing which has existed since the time of the Industrial Revolution. [More…]
He has not learned, and he will never learn, that you cannot run an economy in the way in which he tried to ruin it and expect to survive. [More…]
The previous Government tried all sorts of methods of improving things for the economy and for the nation. [More…]
I do not blame the Labor Party entirely for everything that is wrong with our present economy, but it is and it was a very serious complicating factor in our present decline. [More…]
The national strengths and vitality of the country depend upon the political stability, the institutions and values, the geographic strengths and weaknesses, the economy- especially national resources, industrial capacity and finance and the people, including their numbers, their location, character, morale, education, our scientific and technological base and, as the integrating factor, leadership. [More…]
Two other major matters hitting the people of Indi very hard and hitting all Australia hard are the high cost structure of the country and the associated actions of communist controlled unions which are dedicated to forcing up our cost structure all the time until they- that is the members of the Communist Party- attain their ultimate objective of wrecking our economy and destroying our society and freedoms. [More…]
It is contended by the accusers of the Governmentthose who are trying to talk down the economy and those who are seeking to denigrate what this Government has achieved in 9 short months in office- that: [More…]
We on this side of the House are concerned with the health not only of the Australian economy but also of Australians themselves. [More…]
Now, when we are endeavouring to restore the economy and we are beginning to see the very first signs of this Government getting Australia back on to its feet, these people on the other side of the House still do not realise the enormity of their guilt and still say, in essence, that they would do it again. [More…]
I turn to the real document upon which Australia will be restored and upon which, under a Liberal-National Country Party Government, we will march into the 1980’s with a strong and prosperous economy. [More…]
The result of the Fraser Government’s lack of policy and its failure to honour the conditions of the Agreement are already having a harsh effect on the regions economy. [More…]
The boost to the region’s economy by the original decision to declare Albury-Wodonga a growth centre is well documented but not known or understood by many on the Government side. [More…]
But now the economy of the district is stagnating because of the Government’s failure to follow the conditions of the Agreement, by its failure to give a genuine commitment to the centre, by its failure to develop a decentralisation policy, and by its failure to provide sufficient funds for the program to continue in viable form. [More…]
It faced a swollen public sector which had grown at a rate the economy could not afford. [More…]
It is just an injection of liquidity into the economy. [More…]
Significantly, over the period since the presentation of the Budget there have been a good many who have assessed the economic strategies that have been implemented by the Government in the Budget and there have been those who have been trying to assess the degree to which those strategies are going to enable an improvement to take place in the national economy over the course of the following year. [More…]
Let me again assert- I know that a number of my colleagues have already presented this assertion, but I think that it is worth repeating as it is relevant to this debate- that this is in fact the third major redirection of the economy that we have embarked upon since taking over the purse strings from the Labor Government. [More…]
Whatever industry one is concerned with, it is important to realise that that is the basic parameter within which the Government has had to tackle the economy. [More…]
As I have indicated already, there have been injections of power from the Senate which have seriously affected the economy of this country, the future of this country, and the opportunity for any government reasonably to expect that it would remain in office for any period of time when it did not have a Senate majority. [More…]
Should we accept the Coombs Royal Commission recommendation for DINDEC- the Department of Industry and the Economy- plus the Economic Consultative Council suggested by that Royal Commission? [More…]
We know, if our elected government decides on a 4 per cent growth rate, what this means in terms of energy needs, in terms of allocation of resources to the various areas in our economy and so on. [More…]
It is our best hope of overcoming the adverse effects of the trade cycle which is inherent in this mixed economy, this capitalist system, in which we live. [More…]
I refer to the cutbacks by the Government in the Library services which highlight the false economy and the book burning approach of this Government’s political, economic bankruptcy. [More…]
We talk of economy, so let us see the Government act fairly swiftly on this report. [More…]
In view of these figures, will he now admit that the latest national accounts, contrary to demonstrating economic recovery, in fact display an alarming deterioration in the state of the economy. [More…]
If the honourable gentleman wants to make a general judgment about what is happening in the economy in relation to those national accounts, I believe that it can be sustained that the recovery has been consolidating. [More…]
No one could say that that very significant increase in company profits augurs badly for the economy during the period ahead. [More…]
There are currently in the economy quite marked signs that inflation is being controlled. [More…]
The Government is deliberately and unnecessarily using this major policy instrument, namely, public spending, to depress the Australian economy. [More…]
These figures show that the quarterly real seasonally adjusted rate of growth of gross domestic product fell from 3.6 per cent in the March quarter- that is from January to the end of March when the policies of the Australian Labor Government were applying in this country- to 0.6 per cent in the June quarter after the wrong policies of the Liberal and National Country Parties had come to bear on the economy of this country. [More…]
We can increase it by that amount and spend in selective areas which will stimulate the economy, unlock that lock which is consumer confidence and bring about a quicker recovery than is being allowed by the present Government. [More…]
The honourable member for Adelaide said that the Government is doing things to depress the Australian economy. [More…]
It was 3 years of Labor misrule that depressed the economy. [More…]
There is no way that the deeply damaged economy that we took over can be restored quickly. [More…]
I want to stress to the Australian people that the key factor in getting this result has been the moderation achieved in the wages-prices merrygoround, the futile process of wages up and then prices up, prices up and then wages up, in a futile attempt to get ahead, and in the process weakening the economy and creating- or, as things are now, maintaining- the high and totally unacceptable level of unemployment. [More…]
For instance, if prices rise by 3 per cent then there should be an increase of the order of $3 for the low income earner, but the increase should taper so that a person with an income as high as $30,000 per annum, for whom a 3 per cent increase represents nearly $20 a week, should receive a much lower increase than that in the national interest and in the interest of containing inflation and getting the economy moving again. [More…]
So we come to what I think is one of the major issues that we have to face up to here in Australia today, and that is the issue of medium and long term planning in the economy. [More…]
It is proposed to make it part of Australian Labor Party platform- this is going to be a very important matter for discussion at our future Federal conference- that a department of economic planning or department of industry and economic planning should be established with the object of introducing medium and long term planning in the economy, with special emphasis on indicative planning and context planning. [More…]
In other words, its purpose will be to foretell what is likely to happen in future in industry and in the economy generally, as well as to endeavour to set guidelines on the direction in which industry and the economy generally should move in the future. [More…]
During our term of government we were not always given the necessary information in regard to trends in the economy. [More…]
Of course, we must realise that there was once in the Bureau of Statistics a section which one might call a special research bureau which was making forward estimates in regard to the trends in the economy. [More…]
From that time on its ability to make public the trends it believed were occurring in the economy was completely lost. [More…]
That is a very important aspect because if, first of all, the Bureau of Statistics is funded sufficiently to ensure that it can maintain such a research bureau, and, secondly, its forward estimates in regard to what is going to occur in the future are given not only to Treasury but also to our proposed department of planning and to the public generally, we will have a far more healthy economy as a whole. [More…]
-Like the Soviet 5-year plan, I am reminded, but, of course, that is an endeavour by a government to control an economy rigidly from the centre. [More…]
Of course, every government has indulged in stop-go policies for a very simple reason: The economy and the influences on it are extremely complex. [More…]
I ask myself, what is the major problem this country faces in achieving a strength and a growth of the Australian economy? [More…]
We have many social problems that must be tackled, but those social problems are made harder if we have high inflation, high unemployment, high interest rates and other evils in our economy. [More…]
So it is with the economy. [More…]
The Labor Government left us with the position in which it was quite clear from both the nature of the work force and the nature of the economy which that work force reflected that full employment just could not have been a possibility under Labor’s own administration. [More…]
The facts of life are that the Australian Labor Party in office had an opportunity of steering the Australian economy. [More…]
We will be more than happy for the people to be the judge of our stewardship of the economy at the appropriate time. [More…]
It has a tremendously significant role to play in assisting us in steering the economy. [More…]
I now go back to 1965 when the then Prime Minister, Sir Robert Menzies, made a statement in this House on the Australian economy. [More…]
The Budget itself is designed to try to stimulate the private sector of the economy which employs 75 per cent of the work force. [More…]
Various proposals, some with larger effect than others, have been put to the Government from the Administrative Review Committee, and from other sources, which have been accepted as part of the Government’s on-going objective of achieving economy and effectiveness in its administrative arrangements. [More…]
I think that people who are trying to talk down the economy of this country are doing it a great deal of harm. [More…]
But given the combination of circumstances, I hope that both the industry and the States will be prepared to look constructively at the recommendations that have come forward from Sir John Crawford, for it is only through the implementation of recommendations such as those of Sir John that there is any chance of again restoring the dairying industry to its proper place in the Australian economy. [More…]
Does he mean that profits must return to their level in the economy prior to 1 972? [More…]
If employers throughout this country believe that the economy will be restored to normal by the policies of this Government in bringing about a confrontation with the working people of this country by trying to reduce their wages and increase prices, they are wrong. [More…]
If the employers, the manufacturers, the banks and the insurance companies believe that the economy will be returned to normal- we read in the newspapers how profits have increased enormously in the last 12 months- when people can purchase less than they were able to purchase 12 months ago, they are wrong. [More…]
For a few months I thought we had the chance of inducing in this country some kind of bipartisan support for the concept that there is no economic revival in our type of economy unless there is a revival of the private sector- a concept, incidentally, which has been endorsed as recently as last week by none other than the leader of a socialist government in the United Kingdom. [More…]
A policy on wages cannot be developed at the exclusion of price movements in an economy such as ours. [More…]
The previous Government created confusion and inconsistency in this economy. [More…]
Consequently we, as a government, must explain in careful words, easily understood by our colleagues on the Opposition benches, the situation of the economy when it was handed into our care and the attitudes which this Government has adopted towards curing these ills since that time. [More…]
Above all, this government set out to re-establish the strong, stable economy which had always been a feature of the Australian scene and to cut back on the madly spiralling inflationary condition of the Australian economy. [More…]
Health care costs needed to be an identifiable cost to the taxpayer, not some nebulous open-ended scheme gloriously described as Medibank in terms that indicated a wondrous new scheme for curing all ills and which in fact proved to be one of the greatest scourges on the Australian economy for which the Labor Government was responsible. [More…]
This Government has recognised the need to regulate this element of costs for the taxpayer personally and for the economy. [More…]
In this way the Government is consistently applying its stated policy of curtailing inflation and of placing limits on the costs in our economy. [More…]
As the Commonwealth submitted to the Conciliation and Arbitration Commission in the June quarter wage indexation hearing, once the unwinding of excessive real wage gains has occurred there is no reason why real wages would not, once again, begin to increase in line with productivity increases, as has always been the case for long periods in a more or less fully employed economy. [More…]
The honourable member for Port Adelaide came into this place today and issued threats, talking about what the union movement would be doing in this area and talking down the economy. [More…]
Well, on 13 December last the public gave this Government a resounding vote of confidence and asked it to reduce the rate of inflation because it knows that if inflation is allowed to continue at the level established by the former Labor administration it can only be destructive not only of the economy but of the very social fabric of the nation. [More…]
I am talking about our economy and that of the whole of the Western World. [More…]
In other words our economy is not running at its full rate. [More…]
Under Labor mismanagement the economy came under increasing difficulties and unemployment reached its highest peak since the days of the Great Depression. [More…]
It is simplistic and quite misleading to regard the economy as containing a fixed number of jobs, so that every migrant who enters Australia to take employment reduces the stock of available employment for Australians. [More…]
I should like to conclude by saying that I hope that the Government, in the Budget that ensues when the economy has improved, will give greater emphasis to the Department in as much as the Ethnic Affairs Bureau is concerned. [More…]
There would also be further effects on the consumer price index as costs in almost every facet of the economy would rise to absorb the price increase. [More…]
Yet we are told that the economy is recovering. [More…]
It is a problem of generating jobs, of creating jobs, and the Government believes that the most effective way of creating and generating jobs in Australia is to get the private sector of our economy moving. [More…]
As the honourable member for Gellibrand rightly pointed out, there have been structural changes in the Australian economy which have produced a situation in which the level of unemployment amongst the under 20-year-olds is higher than the general level of unemployment. [More…]
It makes no apology for saying that until there is a revival in the private sector of the Australian economy there will not be sustained economic recovery in Australia. [More…]
That is the proof perfect that no government with the type of economy Australia has or is ever likely to have can spend its way out of economic difficulties. [More…]
The people of Canberra have had uncertainty over the last 3 years, first from the erratic behaviour of the former Government and, more recently, from the quite traumatic experience of being told in no uncertain terms that they have to pull their weight in the quite enormous effort required to bring the Australian economy under control. [More…]
Undoubtedly it is a year of consolidation in the Australian Capital Territory made necessary by our Government’s need to clean up the mess that Labor made of the economy. [More…]
I shall just say that we faced an economy which was in desperate straits. [More…]
We will not rest; we will barely sleep until we have fixed up inflation and the economy. [More…]
The Minister for the Capital Territory said that when his forces came into Government they found an economy in desperate straits. [More…]
I suggest that in many respects the economy still has to face very serious problems. [More…]
The spin off development in manufacturing industries and the general lift in the economy help to raise the standard of living for all Australians. [More…]
The uranium industry has the potential to contribute to the Australian economy on a scale which probably exceeds that of any other single development. [More…]
The development of our uranium resources is of vital importance to Australia and will be to our economy what petroleum has meant to the Arab nations. [More…]
If new discoveries of petroleum are not made in the immediate future our economy will be seriously affected. [More…]
By 1985 nearly 10 000 employees could be working in the uranium industry and an estimated wage bill of $2m would be fed into the economy each week. [More…]
This would create a demand for goods and services which would improve the economy and further increase employment. [More…]
Many industries believed that all the problems of the economy would end on 13 December last year. [More…]
In that regard I am attracted to the recommendations of the Royal Commission on Australian Government Administration dealing with the establishment of a new department of industries and the economy. [More…]
The role of a non-socialist government is to manage the economy and help arm industry with the data needed for each industry sector to transform itself in response to market forces and for new industries to develop and expand. [More…]
Every time there is a report such as this the Opposition uses it to try to downgrade the Australian economy. [More…]
The decisions in the Budget were designed to get growth back into the Australian economy. [More…]
That is the sector of the economy which makes the real contribution to the national resource so that living standards and opportunities for Australians are increased. [More…]
In the process they are destroying the very foundation of our economy. [More…]
But, of course, the Treasurer would not have any of that and no rational manager of the economy would. [More…]
Like everything else this Government touches its attitude to the arts is overlaid by an obsession with cost-cutting and economy. [More…]
It is depressing, but not especially surprising, to learn that the Fraser Government’s attitude towards public funding and support of culture and the arts in Australia bears the same shortsighted, cynical and ultimately irresponsible hallmarks as do the Government’s other policies such as those to do with the economy, the social welfare structure, education, migrant welfare and so many other areas. [More…]
The Budget as a whole has failed to stimulate the economy as the Government promised us it would. [More…]
The Government has been in office for 9 months, yet the honourable member has the temerity to come into this House and criticise the actions that have been taken by the Government to correct the economy of this country and get our rural industries back into the prominent position they should justifiably hold. [More…]
He still does not understand the impact of rural industries on the economy of Australia. [More…]
Members on this side are concerned about the impact on the economy of this nation of the rural industries and the people who live out in the bush. [More…]
When we are debating matters relating to rural industries we need to be conscious of the importance of rural industries in our total national economy and of the flow-on effect this has on all sections of the community. [More…]
If other sections of the economy are justified in seeking protection for their industry, so are the farmers. [More…]
Although I drew heavily on the report of the Royal Commission on Australian Government Administration, I want to make it clear that I am not sold on the idea in that report that the planning should be carried out in DINDEC, the Royal Commission’s suggested new Department of Industry and the Economy. [More…]
Overseas trade is related to nearly all sectors of our domestic economy. [More…]
It is a variation of the attitude which led him to tax and deficit the Australian economy into stagnation in order to provide welfare for the middle class. [More…]
They are extremely hard put in these times of distress in the rural economy to make ends meet. [More…]
We cannot differentiate between the state of the economy, the degree of inflation, the increase in costs, the lack of an export competitive position, the huge increase in freights and other matters that affect rural industries, as the honourable member for Port Adelaide attempted to do. [More…]
We cannot look at the economy industry by industry and ask what the Government has done for each industry until we first of all go to the main problem, and the main problem which has put rural industries in the position in which they are today is inflation. [More…]
The economy of King Island in particular is in a very bad way at the moment. [More…]
We are persuaded by the Minister, and there is no need to doubt his assurance, that the activities of the Bureau of Roads can be well accommodated by the Bureau of Transport Economics and his Department to ensure that with the facilities and knowledge they have the same result can be achieved and economy will be effected in the process. [More…]
This Government came to office when the economy was run down. [More…]
It was fair enough to assume that when this Government said that it would restore indexation after its year’s suspension that that was what it was talking about, but then we began to hear that indexation did not encourage economy and now we have what is called the rolling triennium. [More…]
The Commission’s draft recommendations will lead to an accelerated dismantling of the industry which will produce confusion and hardship for consumers, employees, investors, importers, retailers and Government at a time when Government is attempting to instil confidence in the economy. [More…]
The very high rate of inflation experienced in Australia in recent years has been an important factor in the downturn in the building and construction industry and, of course, in the economy generally. [More…]
As those policies take effect, and there are some signs already of that, the level of activity in the economy, including the building and construction industry, can be expected to improve. [More…]
However, we have reached a stage where the economy, because of unrealistic attitudes on the part of some governments, notably the previous Government, has been under tremendous strain. [More…]
As the economy grows, the States’ revenue under these arrangements will, of course, also expand, as in the case, for example, with State payroll tax and stamp duty. [More…]
As all honourable members know, unemployment is now 1 8 000 higher than it was at this time last year when the then Opposition was blocking Supply, largely on the basis that it was upset about the state of the economy and thought that it could run it better. [More…]
Our economy has now reached the stage where adult apprenticeship or re-training is necessary in those areas where we can create more jobs. [More…]
They must establish tripartite machinery for ensuring that the community’s wishes are understood and they then must devise policies to meet these wishes as best the economy can afford. [More…]
Moreover, the immediate and intermediate cost burden would be more than even our generously endowed economy could sustain. [More…]
-I must say I fully agree with what the honourable member of Balaclava (Mr Macphee) had to say about the need to realise- I think this in effect is what he was saying- that structural changes are occurring in the economy which are having a dramatic impact upon employment opportunities in secondary industry and in primary industry, and that there is a need for debate on this matter to continue and for inquiry to find a solution. [More…]
As my colleague the honourable member for Denison said, the Waterside Workers Federation is planning a national strike which would have enormous connotations for the nation and its economy. [More…]
I believe that if we are to get the economy moving again, the portfolio of the Minister for Employment and Industrial Relations will be crucial in either allowing this country and its economy to get moving again or in deciding whether the militants are to be given permission to prevail and to prevent that from happening. [More…]
I believe that the way in which the Minister is conducting his portfolio and the confidence that he is engendering within the trade union movement, within industry generally and throughout the nation, will provide a climate for common sense to prevail in industrial relations and will allow the economy of this country to be put back on a common sense plane. [More…]
It tells a very interesting story that conflicts greatly with some of the figures that we read on the economy today. [More…]
This is fact that shows that the economy is on the mend. [More…]
Whatever is said politically about what will happen to the economy, it may be that the present Budget strategy will work, and it may not. [More…]
The honourable member for Robertson (Mr Cohen) said that he hopes the present Budget strategy will uplift the economy of this country. [More…]
The economy of this country is improving at the present time. [More…]
The latest unemployment figures indicate that the economy is on the mend. [More…]
The assistance includes meeting the fares, up to the value of approved economy class public transport costs, for the journey for the applicant to travel to the new area for employment or training or interview; for the applicant and spouse, if any, to travel to the new area for one exploratory visit to examine living conditions and return home; for the applicant and or his family to move to take up residence in the new area; and if the applicant moves to employment ahead of his family to allow him or her return visits to the family. [More…]
Formerly the Department of Urban and Regional Development was not only a major co-ordinator in urban affairs; basically it was set up to look at the economy, not with a broad brush approach or a macro-approach, as the economists say, but in a detailed way. [More…]
Labor, while in office, brought the Australian economy almost to ruin. [More…]
Much of the momentum is caused by external factors and I would have thought that the honourable gentleman and his colleagues who traditionally always argued the impact of external factors on the Australian economy would be aware of that. [More…]
-The simple truth is that the Liberal-National Country Party Government has blundered in the economic policy it has applied to our economy in the last 10 months and Australians are suffering unnecessarily as a consequence, particularly those Australians among the vast number of unemployed. [More…]
In seasonally adjusted terms they dropped from October of last year, a year ago this month, when Labor’s policies were applying, to March of this year when the policies of those who were born to rule, in their estimation, those who grabbed power on the excuse that they could manage the economy better, took over. [More…]
Let us hear no more of this absurdity that I and my colleagues are talking down the economy. [More…]
Despite what the honourable member for Adelaide (Mr Hurford) has said, the Opposition has spent the best part of a year pursuing a totally negative and destructive campaign which has been designed to talk the economy down. [More…]
His homework on the electorate is consistent with his homework on the national economy. [More…]
He is determined to refloat the economy by inflating his rhetoric. [More…]
This is evidence of the decline that has set in in the economy, following the policies that the Government has implemented. [More…]
The Treasurer is keen to quote figures for real growth in the economy for the first half of 1976, but he could as the honourable member for Adelaide did, have disaggregated them on a quarterly basis and indicated to the Australian community that in the first quarter there was a real rate of growth of 3.6 per cent following the momentum built into the economy subsequent to the economic policies initiated last year. [More…]
That means a substantial reduction, a reduction of something like 6 per cent in capital expenditure in the economy. [More…]
The Government’s economic strategy is too severe on the States and the States, like the Australian Government, are an important source of expenditure in the economy, and public expenditure is as important as private expenditure in a healthy economy. [More…]
In an economy that is severely underemployed, as ours is at present public expenditure is even more important than private expenditure because public expenditure gives the momentum to the overall level of activity in the economy and maintains the level of existing activity in the private sector. [More…]
Cut back severely public sector spending and one cuts back overall economic activity and worst of all one sets back the private sector of the economy. [More…]
This has a substantial contractionary effect on the level of activity in the economy. [More…]
When the governmentsFederal, State and local government- spend public money, for instance, for sewerage works or to buy railway wagons or to construct roads, they immediately inject into the economy a widespread level of demand. [More…]
So to restore full employment and growth in the economy, which it our overriding aim, we have to get inflation under control. [More…]
I do not want to bore the Committee by going through all the various methods that have been demonstrated in the domestic circumstance, but I feel that there should be some investigation on this subject so that we are not wasting a material which is very expensive and a drain on our economy. [More…]
During the debate on the estimates for the Department of Administrative Services, I outlined proposals the Australian Labor Party is considering for the establishment of long term planning mechanisms for the Australian economy. [More…]
Australian economy- resource allocation and employment. [More…]
If such a review shows continuation to be impossible in the short term, I urge that local programs be re-instituted in the future when more resources become available as a result of the improvement in the economy which will occur because of the sound economic management of the Liberal-National Country Party Government. [More…]
It was designed to get productivity and growth into the economy. [More…]
The prospect of retrenchments in Newcastle and Whyalla has to be viewed in the context of a’n economy which appears to be slowly recovering from depressed conditions but with little indication of how long such a recovery is likely to take. [More…]
They are going to be with us for some considerable time, as are the difficulties of economic management generally in the Australian economy. [More…]
As things turned out it was decided that the taxation proposals in the 1976-77 Budget should, like the taxation measures announced by the Government earlier this year, be general measures aimed at stimulating the economy as a whole or affording incentives to major sectors of the economy. [More…]
-Has the attention of the Prime Minister been drawn to comments by the Deputy Premier of Queensland, Mr Knox, on this morning’s AM program in which he called for increased Government spending on various public works programs to stimulate the economy and provide employment rather than just waiting around for the private sector activity to increase? [More…]
But the Government believes that the purposes of industry and of a balanced approach to the economy will not be served by the elimination of an independent advisory body on assistance matters. [More…]
A situation has arisen where we simply have to try to provide the assistance that is required to keep our economy in some degree of prosperity even though we are at the same time trying to maintain a policy which will control inflation, because that is vitally important to everybody. [More…]
The provision of funds for welfare housing was one of the Labor Government’s major achievements in changing the resource allocation in our economy. [More…]
We also realised that the building and construction industry plays a crucial role in the Australian economy. [More…]
Traditionally this industry leads the cyclical movement in our economy. [More…]
Does the Government not realise that there are definite benefits to be gained for the industry, the economy and the community by gaining stability in this industry? [More…]
This is a narrow and short-sighted approach which ignores the underlying problems in our economy. [More…]
In New South Wales, one of the two key States in the nation’s economy, the situation is very different. [More…]
Without an upturn in the New South Wales economy there is no hope for an upturn in the nation’s economy. [More…]
This would not put excess pressure on the economy of that [More…]
In fact, it would give the required drive necessary to stimulate the economy of that State. [More…]
Further assistance could be given to Queensland to try to stimulate 2 sectors of the economy. [More…]
I am saying that it would have to be studied in the broad context of the economy. [More…]
With recovery now fairly evident in the Japanese economy, she is already demanding greater import tonnages of coking coal. [More…]
I stress that that is not and cannot be on while the current economic instability in the Australian economy persists. [More…]
There is still a momentum to inflation, and in the quarterly wage indexation hearings there is an all too efficient mechanism for the transmission of cost and price rises throughout the economy. [More…]
Indeed, there are no soft options for getting the Australian economy back on the rails. [More…]
I sought a graduated coal tax for much more than a revenue earner because I realised the importance and the significance of black coal to the Australian economy and to Australia’s commercial future. [More…]
This is an indication of one of two things: The Treasury does not know how to finance the economy of Australia or, alternatively, underestimates the determination of the previous Minister financially to torpedo the multinationals. [More…]
The impact on the domestic economy of the abolition of death duties would be virtually the same whether or not foreign aid was cut by an equivalent amount. [More…]
That this measure can be introduced at a time when the Government has to exercise a considerable degree of restraint in order to bring the economy back on to an even keel, a keel from which this nation can surge forward once again, is, as the Treasurer (Mr Lynch) said in his second reading speech, a measure of the Government’s determination to press on with reform to the taxation system. [More…]
The Tasmanian military tattoo, as a result of the one held in 1976, has become a successful tourist attraction, much like the ‘Big E and is of benefit to the State’s economy. [More…]
In view of its considerable importance to the Tasmanian manufacturing sector and to the Tasmanian economy generally, will the Minister advise the House of the progress being made on the guidelines and details of the proposed southbound freight equalisation scheme that is to operate between the mainland of Australia and Tasmania? [More…]
Instead of announcing this in the Parliament as a further economy measure, detectives discovered it buried on page 9 of a statement circulated the next day by the Minister for Social Security, (Senator Guilfoyle) which made a casual reference to the fact that the Government would pay two-thirds of the building costs. [More…]
This negativeness is consistent with the Government’s overall approach to the economy. [More…]
House predicted that it was a false economy. [More…]
Industries will need encouragement, government initiatives, guidance and direction m some cases to go out and get the markets so that we can get the economy of scale in production which other countries have. [More…]
The fact is that 3 years of pouring government money, which did not exist, into the Austraiian economy, into areas which happened to be attractive, which happened to be good, was clearly disastrously inflationary. [More…]
This was shown in the period of the Labor Party’s disastrous control of the economy. [More…]
That is what our economy is all about. [More…]
It may well be that honourable gentlemen opposite wish to have a different kind of economy in which the Government provides all, dictates all. [More…]
It was ludicrous to expect money to keep on being poured into the economy when in fact the money was coming from nowhere. [More…]
I cannot think of any single substantial action that has yet been taken by this Government which can be said to have improved the way in which the economy will operate. [More…]
I tend to be a bit optimistic about the future not because of this Government but because I think that the Australian economy still is so good that even a Liberal Government cannot muck it up. [More…]
It has been confined also by the depressed state of the world economy. [More…]
At the same time, the extension of the stabilisation schemes slowed down the rate of adjustment while conditions in the economy were such as practically to guarantee that alternative employment would not be available to former fruit growers. [More…]
Our fruit industry plays a vital role in the economy of the State, particularly in southern Tasmania where more than 1500 people are directly or indirectly employed. [More…]
I have on many other occasions drawn attention to the disastrous effects on the economy of this country of cutting government spending. [More…]
It is always suggested then that we somehow have a great economy of resources of manpower; that we use the same news sources and that this is supposed to be a good thing. [More…]
The position cannot continue where the whole machinery of government and our economy and the fabric of our social life can be brought to a stop as a result of unions defying the court and demanding that union members continue to do something illegal. [More…]
The Bill will provide a welcome measure of relief for small businesses in the Australian Capital Territory and the Northern Territory and reflects the Government’s continuing concern for this basic sector of the economy. [More…]
Sir Charles Court told the Prime Minister that the Federal Government’s economic policies were an attempt ‘to put the economy flat on its back’. [More…]
They got the notion of the ‘planned economy’, the ‘controlled state’. [More…]
Added to that, I submit very sincerely that to give the States the right to raise their own income taxes- and that is what this legislation does in effect- is to weaken the ability of the national Government to manage the economy effectively. [More…]
These figures do not include the temporary, non-recurrent payments such as those for the Regional Employment Development scheme given by the previous Government at a time when the country and the economy was on the brink of disaster and that Government was attempting to bale the country out by throwing money around with both hands. [More…]
I realise when honourable members opposite criticise regional groupings that for quite a number of years the New South Wales Government has been trying to draw together local government units into regional groupings for the same reason I have mentioned, that is, ease of administration, economy of administration and an improvement in the quality of services to the ratepayers and taxpayers. [More…]
I know that honourable members on both sides of this House recognise the vital importance to our national economy of healthy and growing rural industries, not only to meet the needs of our own people but also because we must continue to expand exports of rural origin and increase our export earnings if we are to be able to maintain both our present rate of development and our standards of living. [More…]
There is no doubt in the world that the contribution made to our export earnings by the rural sector of the Australian economy is enormous, and it will remain an enormous contribution. [More…]
After all the Australian Labor Party in power in 1974 unleashed a credit squeeze that pushed the economy to the depths of recession and put some thousands of Australian workers on the dole. [More…]
In asking this question I remind the Treasurer that renewed entrepreneurial activity in the small business sector is essential to the recovery of our type of economy, particularly after the mauling small business received from the economic incompetents who sit opposite? [More…]
With those figures available, how can the Treasurer call this a small business economy? [More…]
Would he discuss this matter with his Treasury officials, who admittedly are somewhat slow on the uptake, to see whether some more effective policy can be devised to meet any inflationary tendencies in the economy? [More…]
I would hope that all of us, whatever our views about the economy may be, might have drawn a sense of confidence from a Government that believes that inflation is the number one priority and whose policies are seen to be working. [More…]
A year ago the Liberal and National Country Parties were telling the Australian people that they could run the economy better than the Labor Party. [More…]
As a result the money supply during the last 3 months has grown at an annual rate of 1 8 per cent, a rate of increase which is too fast when compared with the rate of consumer price increases of about 13 per cent or 14 per cent; and there has been very little real growth in the economy at the same time. [More…]
A government has one principal policy instrument available to it to influence the economy, and I refer to the Budget. [More…]
Clearly it is the responsibility of the Government to act in a way which minimises fluctuations in the economy, which tries to smooth out the business cycle and which reduces structural problems. [More…]
Australia is deliberately retarding economic recovery by reducing government outlays which account for about one-quarter of our economy. [More…]
As well, the level of unemployment would be considerably lower because of the selective stimulatory spending program which I have outlined previously and which would have contributed to increasing output in employment in the most depressed areas of our economy. [More…]
Exports are the one sector which have been fuelling the Australian economy. [More…]
As I said in a statement issued last Friday, a reasoned assessment of economic trends shows that momentum has been building up in the economy even though there has been some slowing in growth in the September quarter. [More…]
There are also some fundamental differences in the economy compared with a year ago which, taken together, point clearly in the direction of continued growth. [More…]
The Government rejects this matter as irresponsible and a further element of the Opposition’s campaign that is designed to talk the economy down. [More…]
The House would do well to recall that the monetary problems facing the economy at the present time came about as a direct result of the permissive policies pursued by our predecessors. [More…]
Not only did our opponents in this house open the monetary flood gates in 1975; they also clamped a monetary vice on the economy that led to the worst credit squeze in Australia ‘s postwar history. [More…]
It was the 1974 credit squeeze, brought about by the Labor Government, that pushed the economy to the depths of its recession and forced thousands of Australians on to the dole: The rapidity with which the volume of money was contracted during 1974 has no parallel in Australia ‘s post-war history. [More…]
-This matter that is now before the House is an important matter not only because the economy generally is obviously very important but also it is especially important because almost exactly one year ago this Government seized office substantially on the basis that the then Government was incompetent in its handling of the economy. [More…]
It is also very important to reiterate just how bad the state of the economy is at present. [More…]
The cutbacks in the real level of wages to transfer income from wage earners to profit earners might be beneficial to business in the very short run but if it means that consumers therefore will not increase their consumer expenditure and will not buy more goods and use more services business will not be assisted and thus the economy will continue in recession for a long time. [More…]
I would stress the Opposition’s gall for it was the Labor Party when in government which created the mess of historic proportions from which we are extricating the economy- the high and stubborn inflation rate, the more than a quarter of a million unemployed, the serious deterioration in our competitive position in the world economy and the massive deficit in the public accounts. [More…]
We have the task of extricating the economy from this mess. [More…]
Albeit the indicators are somewhat equivocal the economy is on a path of moderate sustained growth. [More…]
Then, in a context of declining inflation, the stage is set for restored thrust in the economy, for investment, growth and increased employment, given appropriate consumer and business confidence. [More…]
The real reason that the economy of Australia is not improving is because this Government does not know how to handle it. [More…]
When we look at what has happened to our economy in the last 11 months m which this Government has been in office, we find that the number of new car registrations has decreased. [More…]
They come back to this chamber again and again attempting, as the Treasurer (Mr Lynch) says, to talk the economy down, attempting, for some political advantage no doubt, to cause disruption in our community and attempting to create confusion in the economy as a whole. [More…]
He said that we are managing the economy in terms of electoral strategy. [More…]
The honourable member gives us a remarkable degree of credit because, if we accept his arguments, we have the ability to move the economy in any direction to suit our own electoral purposes. [More…]
The honourable member for Adelaide told us that the Government sector of the economy is not really important because it accounts for only 25 per cent of economic activity. [More…]
The Government unlike the Opposition, is tuning the economy. [More…]
The fact of the matter is that the Government has been consistent in its approach to the economy. [More…]
It has been consistent in the strategy which it is applying to the economy. [More…]
This Government has a consistent approach and a consistent policy line towards the economy. [More…]
It is trying, for its own political ends, to promote a situation in the economy in which confusion reigns. [More…]
That is the first point of condemnation of the last 3 years of mismanagement of the Australian economy. [More…]
No sector of the economy has been harder hit by inflation than the rural sector. [More…]
The export value of this industry surely indicates clearly how valuable it is to the economy of Australia. [More…]
How many times was the economy referred to as an event of national importance? [More…]
What about the contribution which Queensland has made to the soundness of the national economy and our balance of payments? [More…]
Does the report claim that the economy has remained stagnant, that output has increased only marginally, that unemployment is rising and that the growth of real gross domestic product for 1976-77 will be only 1 per cent? [More…]
The second dimension, which is a structural dimension, is reflected in the disturbing long term trend that has been evident since the mid-1960s for the unemployment rates among the 15 to 19 age group to rise independently of the state of the economy. [More…]
That is a sad reflection on the state of the economy and on the situation in which we found ourselves when we took office last December. [More…]
If so, has it undertaken to find out what other economic measures, if any, might be set in train to provide Christmas Island with a viable economy beyond the lifespan of the existing phosphate extraction? [More…]
We know the Government’s concern in its approach to the employment position in this country and to the economy in particular. [More…]
I suppose that that is fair enough in the economy where it is used for useful purposes, provides employment and so on. [More…]
The Tasmanian members of the Australian Labor Party Opposition at that time were most vocal in discussing the legislation because so much of the economy of that State depended on the softwood plantings that took place there. [More…]
There has been no recognition of the fact that when there is a substantial degree of unused capacity within the economy, cutting public spending will simply mean cutting employment. [More…]
Businessmen expected the economy to be pulled under control. [More…]
In spite of the huffing and puffing of the honourable member for Adelaide who spoke before the sitting was suspended for dinner, and the honourable member for Oxley (Mr Hayden) who is trying to bring the economy down with talk of devaluation, the economy is on the mend. [More…]
In response to a question yesterday I said that the objective of monetary policy remained the same as I have reaffirmed on earlier occasions; that is, monetary growth will be sufficient to underwrite recovery in the economy but, at the same time, will not be accommodating to the rate of inflation. [More…]
Supporters of that party are talking as fast as they can to try to convince the people of Australia that this Government is responsible whereas, in actual fact, the Labor Government was utterly responsible for battering business, causing unemployment and high interest rates and generally running the economy on the rocks. [More…]
But this Government is bringing the economy back on the rails again. [More…]
It is a hard row to hoe because the Labor Government had run the economy down to such an extent. [More…]
I ask the honourable member for Adelaide, who sanctimoniously told us what should be done, what he would do, as shadow Treasurer, in an endeavour to get the economy of Australia back on a sound basis when the Labor Government had run it down. [More…]
What is hampering the domestic airlines is the economic policy of this Government, the enforced stagnation of the economy which, quite clearly, has a political basis. [More…]
We on this side take a progressive and active role in getting young people into the work force whereas those on the other side of the chamber prefer to see soaring unemployment figures because they still believe that by continually knocking, by perpetually whingeing and by running down the economy they will in some way prevent the economic recovery which is just around the corner. [More…]
These speculators ought to shut up and allow the economy to recover instead of using it for cheap political purposes. [More…]
It is equally true that during the time the Labor Party was in government some quite significant arbitrary changes were made to the tariff system without regard to employment, without regard to investment and without regard to the Australian economy. [More…]
I am sure that the whole package will be a very worthwhile and humane extension of assistance to a group of people who tragically are very seriously disadvantaged under the present structure of the Australian economy. [More…]
In negotiating access rights and fishing rights we will have in mind what sort of an opportunity should be given initially to Australian fishermen and also to other sectors of the Australian economy. [More…]
Of course I have seen reference to the recent package of economic measures brought down in Japan; but the honourable gentleman would not expect me to make any judgment inside or outside this House on whether those measures are appropriate for the Japanese economy, because that must remain the judgment of the Japanese Government. [More…]
-Every honourable member in the House will be aware that the employment and development opportunities and the general welfare of regional centres are largely dependent on a few of the most vulnerable manufacturing industries and the general wellbeing of the national economy. [More…]
Recently a number of alterations have been made to tariffs and to some of the proposals for the management of the economy. [More…]
If we can achieve this- I am confident, and the whole Government is confident, that we willthen the economic circumstances of people throughout the country, not just in regional areas, will return to the prosperity which they enjoyed before the Labor Government did so much to destroy our national economy. [More…]
In February the Commonwealth Government sought to bring home to the Conciliation and Arbitration Commission that full wage indexation, by locking the economy into double digit inflation and a disaster level of business profitability, ran completely counter to hopes of sustained economic recovery and a return to full employment. [More…]
It is beyond dispute that the enormous damage was done to the economy because of the explosive growth of wages which beset Australia in late 1973 and accelerated in mid- 1974. [More…]
It simply cannot continue if Australia is to have any hope of getting back to reasonable stability in the economy. [More…]
Recent evidence suggests that some progress has been made in winding back the excessive rate of wage escalation in the economy; but it is clear that further progress must be achieved on this front. [More…]
Though there is slack in the Australian economy at present- some of it does show up in the regional areas- further large increases in government spending and, consequently, in the deficit will not take up the slack on a sustainable basis. [More…]
I do not know how long the Government expects to get away with blaming the Labor Government for all the present inadequacies of the economy. [More…]
The Government’s supporters are absolutely appalled at its failure to come to grips with the problems of the economy, particularly the problems referred to in this matter of public importance, that is, problems experienced in regional areas. [More…]
I agree with the honourable member for Corio when he says that regional centres are some of the first to be hit by problems in the economy. [More…]
This will go down in history as one of the most forward looking moves within the economy of this country that we have seen for many years. [More…]
The answer does not lie in the readiness of the developers and builders to get up and participate, but in the specific need for building constructions by consumers at the time when the economy shows signs of recovery. [More…]
I ask the Prime Minister Does the persistent fall in share prices in all industries, including rnining, since Budget night, and the continuing outflow of private capital in recent months support his claims, or do they suggest that both local and foreign investors have lost all faith in the ability of his Government to manage the Australian economy? [More…]
I suppose we should give credit where credit is due and acknowledge the temporary respite afforded rural industry by the superb mess made of the mineral industry in its turn by a previous Labor Minister, even if his actions did set back the total economy of the nation by at least 3 years. [More…]
But there is a deeper reason for the small amount provided by this Bill, and that is the Government’s economic policy of enforced stagnation of the economy, expanded long term unemployment and a reduction in real wages. [More…]
In this Bill the provision of finance is an important way in which the Government could have given a stimulus to the economy, could have created expanded job opportunities and could have created an upturn in the economy. [More…]
Transport in all its aspects -sea, rail, road and air- is a major component of our economy. [More…]
Transport decisions have very important effects on other industries and on other aspects of our economy. [More…]
Too small an expenditure on defence is irresponsible to the people of Australia; too much can greatly weaken Australia’s economy and the logistic support of the defence forces themselves, particularly if those forces are engaged for a protracted period. [More…]
I say that the economy can afford more, particularly in the third, fourth and fifth years of the program. [More…]
But for some, because of the present difficult state of the economy, there will be problems in getting employment quickly. [More…]
by leave- When this Government came to office the Australian economy was in the grip of its most serious post-war recession, and inflation was still well into double digits. [More…]
Quite unrealistic views were also fostered in the community about future incomes and the capacity of the economy to sustain those incomes. [More…]
The expectations aroused by our predecessors have bedevilled the economy to this day. [More…]
Even so, under the policies that have been pursued by the Government significant progress has been made in reducing the rate of inflation and in setting the economy on a path towards sustainable growth in output and activity. [More…]
There are also currently some fundamental differences in the economy compared with a year ago which, taken together, point clearly in the direction of continued growth. [More…]
Thirdly, as a result of these factors, and the moderation in the rate of inflation, many of the distortions inflicted on the economy during 1974-75 have begun to correct themselves. [More…]
Instead it will be kept under review and varied as appropriate in the context of overall management of the economy. [More…]
The new pattern of management of the exchange rate will enable more frequent, more timely and smaller adjustments to be made to the rate; is appropriate to the changing nature of the world economy and to Australia’s international trade relationship; is designed to avoid the build-up of an expectation of major changes at long intervals in the future; will permit the use of the exchange rate as appropriate, as a more flexible arm of economic policy; and will require little or no institutional changes. [More…]
The favourable effects of devaluation will therefore be allowed to work through the economy in an appropriate domestic setting, by comparison with the former Government’s devaluation which was followed by a substantial easing of fiscal and monetary policies. [More…]
The Government’s measures have undeniably a number of major advantages for important sectors within the Australian economy. [More…]
It will restore balance between economic sectors, easing the burdens on those vital areas of the economy that depend on world markets for their livelihood. [More…]
Uncertainty about the exchange rate has bedevilled many aspects of the economy in recent days. [More…]
The Government can no longer claim that in drawing attention to its failings the Labor Party is damaging the economy. [More…]
We are left now with the fruits of their blindness and intransigence- a stagnant economy and a massive devaluation, the greatest since the Great Depression. [More…]
Even its determined and persistent borrowings abroad which the Government presented as a sign of the economy’s strength were interpreted as a sign of its weakness- the weakness of the currency and the weakness of the Government itself. [More…]
Overseas investors could see that the economy was weak. [More…]
It has twice taken notice of the Government’s pleadings that to grant full wage indexation would cripple the economy or undermine the Government’s antiinflation strategy. [More…]
There may be some slight improvement but it is difficult to be optimistic about the economy as a whole, including the further deterioration in our level of international reserves. [More…]
So, for the sake of dubious and at best transitory benefits to manufacturers and some primary producers, and certain benefits for overseas mining companies and financial speculators, the rest of the economy is to be made to suffer. [More…]
It could also weaken his position within his own coalition party, particularly with uneasy back benchers who were elected for the first time to office last year on the claim that a Fraser Government would restore the economy, reduce inflation and not create unemployment. [More…]
Just 12 months after it usurped power on the pretext that it could handle the economy better than the Labor Government could, its economic policy has fallen into complete disarray. [More…]
The recent capital outflow has, if nothing else, been a massive vote of no confidence in the Government’s ability to manage the economy. [More…]
These are the people who grabbed power on to the excuse that they could manage the economy better. [More…]
The economy is a dynamic system and not a box. [More…]
If one part of that system acts as a brake, this tends to bring the rest of the system to a standstill or at least makes it very much more difficult for the rest of the economy to keep going. [More…]
He then went on to say that the economy is not a box. [More…]
Their statements are as hollow as their attempts to manage the economy were disastrous. [More…]
They, more than any other group, bear responsibility for the condition of the economy. [More…]
It is a warning of a weakness in our national economy which will take a total national effort to correct. [More…]
Others are attempting to squeeze the last drop of advantage to themselves, regardless of the consequences for the economy as a whole. [More…]
The Government is now in the driving seat of the economy. [More…]
Devaluation makes those proposals, which were being put before devaluation for a more effective handling of the economy by people in the Parliament and outside the Parliament, no longer relevant. [More…]
If it is simple matter of blind Freddie and his dog having this enormously powerful, persuasive effect on the economy, does anyone believe for a second that if blind Freddie and his dog went out into the public square and stated that our currency was undervalued and that there ought to be a revaluation, then tomorrow morning there would be a massive flood of money into this country from overseas? [More…]
So I want to make it clear, as I made it clear to the people at the Melbourne University in September and as I have done before on many occasions, that the longer the Government deferred a decision on our weakening exchange rate, the greater the adjustment would have to be and, accordingly, the fewer would be the options available to government to administer the economy. [More…]
Furthermore, the greater would be the difficulties in trying to administer the economy. [More…]
There will be major disruptive influences fed into the Australian economy by this very high rate of devaluation which was announced on Sunday. [More…]
The fact is that a very high level of overseas reserves, accumulating at a rapid rate, was a symptom of a very serious underlying problem in the Australian economy. [More…]
Reserves accumulating rapidly as they were in 1972-73 are an indication of the rate at which additional money is being pumped into the Australian economy. [More…]
A rapid injection of money, as occurred in 1972-73, has highly inflationary effects-with a lag certainly, but nonetheless highly inflationary effects- and thereby lies the genesis for much of what has happened in the Australian economy subsequently. [More…]
If we allow for that and allow for the second round and subsequent effects of this devaluation- they will multiply quite horrendously through the economy- we will be staring at an inflation rate of between 17 per cent and 18 per cent for this year. [More…]
That has quite disturbing implications for the Australian economy, for business, for labour and for this country. [More…]
That cannot be emphasised often enough because there cannot be any solution, there cannot be anything but bleakness and a great deal of gloom and pessimism in the outlook for calendar year 1977 and into 1978 as a result of this decision which clearly will result in a significant upsurge in inflation in the Australian economy. [More…]
Devaluation has some initial benefits to a small sector of the economy- for example, the rural export sector- but the benefits of that small sector will be quickly swamped as will be the general economy by the cost explosion which will follow unless, and I put this caveat assuming it to be understood, there are appropriate follow-up policy decisions. [More…]
Let us not believe for one minute that the most disadvantaged sections of the rural economy stand to gain much, if anything, from this decision. [More…]
If any substantial capital inflow comes into this country in a short period it will have an enormously destabilising effect on the economy. [More…]
Given these symptoms I have been indicating to the House of a rapid increase to a high level of inflation, of the push in interest rates and of the problems on the wages front where indexation it seems is about to be totally disbanded and the whole concept that we have historically adhered to on wage fixing arrangements jettisoned and other symptoms, one discovers that there will be a very volatile inflationary force loose in the Australian economy. [More…]
The economy was already heading for a tough 1977 with record high unemployment, tougher business conditions and prolonged and deeper recession, but this decision compounds that bleak outlook. [More…]
In 1 976-77 as a result of the change in the structure induced largely by the implementation of the Coombs report and by the refabrication of the whole of the structure of the Australian economy during the Labor days, engendered by the transfer of resources to the public sector and engendered by the transfer of resources beyond the ability of the productive sector to afford to other sectors of the economy, the projected net farm income has fallen to a figure of $6,545; the per week returns are $125.87 whilst the average weekly earnings are $184.70. [More…]
Production from the rural sector of the economy was such that unless some serious action had been taken such as was announced by the Government, the rural sector itself was unlikely to continue to survive. [More…]
In the rural sector of the economy the change in statistics is such that during the course of this financial year it is assessed that there will be an improvement of about $150m across the whole breadth of the rural sector. [More…]
Perhaps this so-called great proponent of the ‘fair go for all Australians’ does not want an industry which will provide employment for 10 000 Australians by 1985 and produce a wages bill alone which will make available some $2m to be fed back into the economy every week. [More…]
This is because of the adverse impact of mining sector development on the rural and manufacturing sectors of the economy. [More…]
In part, this capital is redirected from investment in other sectors of the economy, particularly from manufacturing industry. [More…]
In setting this course for a massive structural change in the Australian economy, of which uranium mining development is a major part, this Government has acted contrary to the best interests of the working population and the large number of small and medium size industrial enterprises in our country. [More…]
Its economy was shattered in 1973. [More…]
Australia is already suffering from the environmental effects of a fossil-powered economy. [More…]
How can the Government prevent the advantages that devaluation brings to the Australian economy being dissipated, particularly with regard to wages policy, control of the money supply and possible short term profiteering by those Australian companies now enjoying higher rates of protection? [More…]
That is the sort of cutback that is imposed on the economy as a result of this decision. [More…]
The Government, which claimed that its first objective was to get a recovery under way in the economy, proceeded to implement economic policies which would be directly responsible for a further accentuation of the recession in the country and which would be responsible for a cutback in activity in the business sector, the private sector. [More…]
That really erodes the position of the private sector of the economy and activity generally within the community. [More…]
That must be one of the most important objectives if the Government is sincere when it says that it wants to see a recovery in the economy. [More…]
That again will contribute in its own way to inflation and to the cost of maintaining the Australian economy. [More…]
I remind the House that this Government has a strategy which is to ensure lasting economic recovery, a resumption of growth and thrust in the economy, and full employment. [More…]
Because inflation itself is a main if not the principal cause of unemployment, therefore, if we want to combat unemployment and restore thrust and growth to the economy we have to beat inflation, ur policy against inflation has several major prongs. [More…]
So Medibank Mark 1 had achieved universal health coverage, but in the characteristic style of the former Government it was at the expense of disregarding economy and efficiency. [More…]
It provided few incentives to economy by individuals or the medical profession. [More…]
to examine the significance and potential of tourism in the Australian economy and whether it has special features in comparison with other industries, with particular reference to its effects on: [More…]
In short, the many facets of this important and growing industry contribute to the Australian economy through: Urban and rural development; decentralisation; new and expanded employment outlets; contribution to foreign exchange earnings; avenues for profitable short and long term investment; a contribution to education; new avenues for improving community health and welfare, both physical and mental; a deeper understanding of different cultural standards and community attitudes; and a wider base for international understanding and goodwill. [More…]
As to quantifying the employment effects of the investment allowance, the honourable member would know that it is not possible to differentiate in practice between the employment-creating effects of each of the many influences affecting employment in a dynamic economy. [More…]
It envisages a dynamic tourist industry component of the total economy, containing a balanced mix of enterprises, supported by Government provided infrastructure, the whole existing at levels responding sensitively to growth and changes in demand. [More…]
The Australian Tourist Commission does expect an increase in overseas travel by Americans during the next twelve months, provided there is a continued improvement in the U.S. economy. [More…]
Would the Treasurer be inclined to modify his present policy which endeavours to fit the Australian economy to an arbitrary money supply and instead see whether he might not do better to try to fit the money supply to the Australian economy? [More…]
are at the very top in Australia’s business, banking, economic and industrial circles and who were not willing to be identified for fear that the authority of their positions would further endanger the present tenuous state of the economy’? [More…]
-It is helpful for the Australian community to hear the voices of the wreckers, that is, to hear the interjections that are being made by the people who wrecked the economy over 3 years. [More…]
Nearly every sector of the Tasmanian economy has suffered because of the extent to which it has depended upon export markets. [More…]
The economy is in ruins. [More…]
The Lebanese people are critically in need of assistance but aid programs have faced deliberate obstruction, corruption and immense physical difficulties including the chronic state of insecurity due to indiscriminate killing, and the complete breakdown of Lebanon’s economy, communications, and service infrastructures. [More…]
The impact of this policy on the rest of the economy which pays for this company ‘s excess profits through higher prices for various products is difficult to quantify but certainly it is very important to disclose such profiteering. [More…]
I believe that any sort of move to get tough with the unions has to be thought out very carefully or we might find ourselves, for a variety of reasons, with a national stoppage which, at this stage of our economy, would virtually cripple Australia. [More…]
On the question of devaluation, time and again we have been told that the mining interests and the exporting primary producing sections were carrying an uneven share of the burden in our economy. [More…]
In this case the level of profitability as it affects investment and employment can be overridden completely by the state ofthe economy at a particular time. [More…]
In the former case the effect of a wage determination can be overridden in its effect on inflation and employment completely by the state of the economy at that time. [More…]
I merely suggest to the Minister that he might consider having a similar amendment made to the clause so that the state of the economy is considered at the time. [More…]
I think it is time that the economy of Australia was looked at as a whole. [More…]
My only conclusion about this is that that Government must have been becoming aware of the realities of the broken economy it had created and realised it could not continue to give largesse in a benevolent and irresponsible way to public servants in this city. [More…]
I do not very much like making political points in debates such as this but I think it very important, particularly when my electorate is having rather a rough time, to point out and remind the people of Australia who wrecked the Australian economy, who wrought the damage to our economic foundation and who in Opposition have not profited by the lessons they should have learnt over those terrifying 3 years. [More…]
It is further argued that if this were done there would be the devil to pay in the economy and so on. [More…]
There would be once more complete pandemonium in an industry which, given the right incentive and the right direction, will once again prove a valuable asset to the economy of Australia. [More…]
It would be better to aim for the future and, hopefully, once again restore confidence and stability to an industry that I and many other honourable members feel will be important to the economy of Australia. [More…]
From these figures it can be easily discerned a continuing fruit industry is most important to the economy of Tasmania. [More…]
I recognise the importance of the apple industry to Tasmania and the effect that it has on the economy of that State in comparison with other States. [More…]
It is not always the fault of the Government of the day that some sections of our economy are facing a crisis. [More…]
From experience the Fraser Government and Government supporters should wake up to the fact that the private sector of the economy is not concerned with creating jobs. [More…]
How many (a) first class and (b) economy class passengers travelled on the Sydney to Tokyo Qantas flight on each day between 7 June and 2 1 June 1976. [More…]
How many (a) first class and (b) economy class passengers travelled on the Hong Kong to Brisbane Qantas flight on each day between 25 June and 9 July 1 976. [More…]
Instead, as I have made clear before, it will be kept under review and varied as appropriate in the context of the overall management of the economy. [More…]
The problem can be solved only by achieving a revitalised Australian economy. [More…]
Since three out of four jobs in the Australian economy are provided by the private sector it is to that sector we must look to provide the jobs that we need, whether they be for the young people or for the older people who are also out of work. [More…]
The action taken by the Government is the correct action to take to restore full employment to the Australian economy. [More…]
That compares less than favourably with the present average weekly earnings of about $184 a week across the breadth of the Australian economy. [More…]
I believe the benefits I have spoken of illustrate the return that the rural sector can expect in spite of additional costs that might occur in some sectors of the economy. [More…]
Instead of buckling down to tackle the twin problems of inflation and unemployment in a comprehensive way, the Government attacks only the wages component of the economy, as though Australians do not have a right to maintain their standard of living. [More…]
It is carrying out in a ruthless way its announced policy of reducing the real wages of Australians while sliding about all over the place in other areas of the economy. [More…]
The Fraser Government is carrying out this campaign of union bashing in order to pour the ills of the economy over the trade union movement. [More…]
The Fraser Government has failed to coerce such people as Sir John Moore and his colleagues of the Commonwealth Conciliation and Arbitration Commission and to force them to become puppets of the Government as regulators of the economy. [More…]
It is destroying the Australian economy and trying to batter the Australian unions into submission. [More…]
The Australian economy just cannot stand claims of that magnitude. [More…]
For instance, in regard to the economy there is no doubt that the Government has tried to use the union movement as a whipping boy for its failure to get the economy going. [More…]
The Government cannot blame that level of strike action for the problems that it has in regard to the economy. [More…]
Let us put this into context and compare it with losses being caused to the economy through unemployment. [More…]
That puts the losses to the economy into context. [More…]
Losses to the economy from strikes are minor when compared with losses through unemployment. [More…]
Yet a small group of people including the Opposition is denying the Government its right to administer adequately the activities of the Australian economy. [More…]
Anyone reading the newspapers will appreciate what continuous strike action, often on very minor matters, means to the Australian economy in lost wages and productivity. [More…]
That was from a building project and we wonder why the Australian economy has gone into the doldrums. [More…]
The Minister, as recently as last Monday, showed this Government’s lack of concern for and lack of understanding of housing and its position in the nation’s economy. [More…]
The effect of this on potential home buyers, on recent purchasers, on the housing industry and on the economy will be disastrous. [More…]
Housing is dependent upon stable conditions and the stability that will come to the economy with the eventual reduction of inflation will enable those stable conditions to develop. [More…]
The building industry has a massive multiplier effect in the economy. [More…]
There is no doubt that this Government’s policy, once the economy is stabilised, will contribute to and ensure a stable and developing housing industry in this nation. [More…]
The next point is that one would hope that as the economy picks up, as it is showing signs of doing at the moment, it would be possible for the adjustments to this legislation to be more of an automatic nature. [More…]
I remind the people of Australia when these suggestions are made that there is only one good reason why the Government cannot be more generous at the moment, and that is that the economy cannot afford it. [More…]
We must always remember why the economy is in this state of depression, which we are certainly getting out of. [More…]
I would think that the people of Canberra, who were sufficiently wise to elect to the House of Representatives for the first time a member of the Liberal Party, would be sufficiently wise to see good government when the economy gets going again and when this country is pushing forward in the right and proper way. [More…]
oil industry dispute and resultant bans which have denied the people of that State a vital commodity namely, petrol, and further, expresses its concern at the immense public anxiety people have been subjected to, having to line up in queues for petrol, as well as the effects on hospitals and other essential services and the significant loss of revenue suffered by petrol station proprietors and others employed within the industry together with the overall dampening effect on the economy and morale of the nation, and therefore this House, without desiring to recriminate or to allot blame to any individuals or organisations, considers that the time has now arrived for an urgent and rational restructuring of the Australian oil industry in the interest of the consumers, oil companies, service station proprietors, those employed within the industry and, indeed, in the interests of the total Australian community. [More…]
The figures show that since September of last yearafter which month the then Opposition began to block Supply largely, it said, because of the poor state of the economy- to September of this year, a period of 12 months, the total number of wage and salary earners in civilian employment has gone up by the grand total of five hundred. [More…]
This is a dramatic example of the way in which this Government’s economic policies have totally failed to turn on the lights for the economy as a whole and for wage and salary earners in particular. [More…]
Such a situation is extremely serious, not only for the young people who are being denied the chance to learn a trade, but also for the nation as a whole because it means that we are likely to face a very severe shortage of skilled workers if and when the economy recovers. [More…]
But what is clear is that when the economy gets a boost or an improvement as a result of stimulus in any one sector of the economy, albeit in the mining sector, then the gross national product increases and jobs can be created in support industries, including the tertiary sector of the economy. [More…]
I mention those problems to indicate that the Government does not see the creation of jobs in the manufacturing sector of the economy to be an easy task. [More…]
At the moment there is utter confusion over the state of the economy in this country. [More…]
I suggest that he read the National Times, a fairly reputable Fairfax production, to see what it thinks about where the economy is going. [More…]
Some say that the figure will be 400 000, others go above that; but I do not like to suggest those sorts of figures because I think it undermines what little confidence there is in the economy. [More…]
On AM on Thursday there was a report drawing attention to grave anxiety among senior businessmen and economists about the state of the Australian economy and the Government’s floundering and chaotic measures to deal with the crisis. [More…]
The Minister’s comments on the economy carry as much conviction as his comments on the independence of the ABC. [More…]
In addition, indirect tax cuts would have stimulated consumer spending, thereby helping to get our economy moving again. [More…]
Considering the damage that has been done to the economy since the strategy of the 1975-76 Labor Budget was destroyed by this Government, it is a matter of deep regret that the company and superannuation fund tax rates are one of the few measures from that Budget still allowed to influence the economy. [More…]
This move should give a measure of relief to private companies who play an important role as employers in the economy. [More…]
Those sceptics who believe mining is pushing the value of the Australian currency to a level that is incongruous with the best interests of other sectors of the economy might just ponder the magnitude of the import slug which will come unless new oil is discovered in Australia. [More…]
In opposing it I am sure that they are unaware of certain facts that are presently besetting the Australian economy visavis the world economy. [More…]
Everybody knows that devaluation has certain effects within an economy. [More…]
If I may say so, the amendments that are propounded here are pretty handsome rewards indeed to very limited sections of the totality of the Australian economy. [More…]
As indicated by the Treasurer (Mr Lynch) in his Budget Speech, this Government intends to promote a healthy and efficient minerals sector of the economy. [More…]
Under this regime the rate for the dollar tended to vary from day to day against individual currencies, including the United States dollar but it took no account of developments in our balance of payments, nor in the domestic economy nor, specifically, of economic factors. [More…]
Instead, as the Government has made clear, it will be kept under review and varied, as appropriate, in the overall context of management of the economy with emphasis upon economic factors. [More…]
It is appropriate to the changing nature of the world economy and to Australia’s international trade relationships. [More…]
Has similar action been taken through the Reserve Bank or has an indication been given that similar protection will be given to the mining sector and to the manufacturing sector of the economy. [More…]
I mentioned in a speech that I made last week on the economy that they do not come into this Parliament and defend their measures. [More…]
Investment was discouraged and structural distortions introduced to the economy which will take years to correct. [More…]
There would also be a close monitoring of the volume of lending by the various financial institutions to ensure that the growth in lending came back from recent excessive and unsustainable levels to a pace consistent with the sound development of the economy. [More…]
The various terms of pessimism which have been mentioned by other speakers only talk down the economy and do not improve it. [More…]
Mr Fraser stated in the 1975 election that it could take a full 3 years to restore the economy after the Whitlam years. [More…]
They have cried that the mix of policy which we then had meant that the economy was on a disaster course. [More…]
The Government considers that the devaluation of the Australian dollar combined with the actions I have announced in relation to the tariff should ensure that the competitive position of Australian industry is restored without unnecessarily adding to inflationary pressures in the economy. [More…]
The Public Service Board has a continuing responsibility under the Publice Service Act for the efficiency and economy of the Public Service and, in accordance with its statutory responsibilities, takes such action as is necessary as a result of the Auditor-General’s Report or as a result of its own observations. [More…]
I remind the honourable gentleman that, as I have emphasised on a number of occasions, it was decided to move to a managed exchange system so as to be able to avoid large jumps in the exchange rate which can have very severe and disruptive impacts on the Australian economy. [More…]
Policy depends on the state of the economy at the time. [More…]
I know that the activities of the present Committee would have been expanded enormously and would have been carried out with a greater economy of human resources if individual members could have done some of the work that sub-committees do on occasions. [More…]
It also knows that the repayment gap problem will worsen because of its mismanagement of the economy, particularly its actions in the last 2 weeks. [More…]
Those decisions obviously confused the situation and they could have very serious long term effects on the Australian economy. [More…]
In the past fortnight we have become accustomed to listening to Ministers telling us that there are 4 arms of the economy with which they are dealing. [More…]
Most of the decline in competitiveness was caused by the exchange rate appreciation, which reflected general developments in the economy. [More…]
If we try to do it by devaluation we create balance of payments disequilibrium again and that balance of payments disequilibrium will bring about fundamental changes in this economy, which will take us back to 1 97 1 -72. [More…]
What all this comes back to is the fact that we just cannot overcome the adverse effects of a revaluation, which is the consequence of a build-up of the mining industry bringing about big structural changes in our economy, by devaluing. [More…]
I believe that the Government, through the appropriate Minister, ought to make a definite statement to the effect that it thinks that the textile industry in Australia is a vital and essential part of the manufacturing structure of this country and essential to our economy, particulary in the decentralised areas of this country. [More…]
The Bill recognises the special contribution of joint ventures to the economy of Australia. [More…]
These are set by the state of the economy or by the limits of public interest and understanding. [More…]
Notwithstanding the priority given by the Government to its efforts to reduce inflation and revive the national economy, it has undertaken to increase the Defence Vote over the next five years, the period the Defence Department uses for its forward programming. [More…]
What that in turn means to me is the need for a much greater co-ordination and a much better relationship between the defence sector of our economy, in terms of the Department of Defence, and private industry than we have had in recent years. [More…]
I think we have all been impressed, as we have moved around Australia looking at this matter, at the lack of communication which appears to exist between the private sector of the economy and those within government who are involved in the defence industry. [More…]
The Prime Minister will know that I am not one of those people who believe that the Government can make a significant difference to the state of the economy. [More…]
Does he recognise that those 2 statements taken in conjunction indicate a belief on the part of the Treasurer that a balanced economy requires much higher unemployment? [More…]
To put it another way, businesses are paying taxes out of what amounts to no more than paper profits and this has limited, and in many cases depressed, the general level of business activity within the economy. [More…]
The Parliament is about to go into recess with the nation and the economy in worse shape than when it first met. [More…]
The fruits of Liberal bungling and mismanagement can be summed up as follows: A stagnant economy, rising unemployment, and a massive devaluation. [More…]
It could be said of previous Liberal administrations that while there were areas of gross neglect and squalor in society, and vast disparities in individual and corporate wealth, the general trend in the economy was upward and expansionary- an increasing satisfaction of material wants and needs, a rising level of material rewards. [More…]
This Government believes, though it has never made its intentions clear, that by putting men and women out of work and holding down incomes and living standards, the economy can be restored to prosperity. [More…]
The economy has got worse. [More…]
The real fraud in this Government’s policies is its pretence that Australians have to curb their wages and reduce their incomes for the economy to recover. [More…]
I want to end on this note: Last December we won from the Australian people, and we accept, the responsibility to put right the mess that the economy was then in, to create lasting economic recovery, and to restore growth and thrust and full employment in Australia. [More…]
In those 3 years the Australian economy reeled from one blow after another to its basic fibre seemingly almost as a result of a deliberate policy of economic wantonness by the forces of socialism, forces that not only ruined the economy but also threatened the very way of life of millions of Australians. [More…]
But the overwhelming reasons for the catastrophic situation which developed under Labor were Labor’s own bungling and inept management of the economy. [More…]
By giving a major boost of confidence to primary producers, the rnining industry and the manufacturing sector- their confidence was shaken to the core by the Whitlam Governmentthe devaluation also should help psychologically a further recovery in the economy. [More…]
But when they are all added up and taken into account with the gradual recovery of the economy, there can be no doubt that lIving standards have risen in the past year. [More…]
Some of the distortions inflicted on the economy during 1974-75 are beginning to be corrected. [More…]
Higher Government spending, larger deficits, would do nothing whatever to correct the imbalances in the economy. [More…]
These men grabbed power on the excuse that they knew how better to manage the economy. [More…]
I am afraid that the only Christmas message that anybody objectively looking at the economy can give to the Australian people is that, after a year in which their standard of living has been reduced by the incompetent and inept economic policies of the people who rule us, we will have another year of similar wrong and inept policies. [More…]
As a result the business confidence that is necessary for investment decisions to be made to get the economy moving will not be created. [More…]
The plan is: It is only by increasing government spending modestly- stimulatory spending-and by reducing indirect taxes, particularly sales tax, that we will bring a necessary return of confidence to the Austraiian consumer in order to get the economy moving. [More…]
by leave-The Leader of the Opposition (Mr E. G. Whitlam) has referred very kindly to an economy that even the Treasurer (Mr Lynch) did not expect to be able to achieve. [More…]
1 show either the contribution of Budget outlays to GDP or the impact of those outlays on the economy. [More…]
1, is not intended to show either the contribution of Budget outlays to GDP or the impact of those outlays on the economy. [More…]
The Commission relates its recommendations for reduction in assistance to the economy’s ability to sustain any structural changes that will result. [More…]
The investment allowance, which provides a strong encouragement to business to re-equip and expand by investing in new productive plant, is designed to assist industry to become more efficient and productive, thereby lifting the level of activity in the economy and creating more job opportunities. [More…]
But apart from such dry technicalities as that, every reader of the daily Press is aware of the stream of improved company profits emerging in all sectors of the economy. [More…]
However, I am not suggesting continued buoyancy but rather, as I said, continuing moderate growth in the economy taken as a whole. [More…]
One reason for any failure to recognise the clear progress that has been made in 1976 in getting the Australian economy back onto a path of sustainable growth lies, I believe, in the widespread tendency to see that process only in terms of the statistics of those registered for employment. [More…]
Against the background of inevitability to which I have referred, our decision at the end of November to vary the exchange rate also reflected a judgment that, valuable though an unchanged exchange rate had been throughout 1976 in cementing the totality of our antiinflationary measures, the costs of retaining it in that role for any longer were becoming too high to be endured by those sectors of the economy on whom the brunt of those costs was falling. [More…]
The key need is to ensure that the various forms of indexation operating within the Australian economy today do not result in those direct price effects flowing on into further second round effects. [More…]
I tell you in all candour that that option no longer exists and that insofar as it ever did exist, it worked by injecting inflation into the economy. [More…]
Indeed, if the initial direct price consequences of devaluation are allowed to flow through into higher wages and then back into higher prices and so on, it is not only our export and importcompeting industries that would suffer; the whole economy would feel the effects. [More…]
The substantial progress we have made during 1 976 in correcting the economy’s course has hinged on the success we have had in combating inflation. [More…]
Australian Economy- Ministerial Statement, IS February 1977. [More…]
Perhaps the most worrying aspect of this statement and the Government’s handling of the economy is that through its Treasurer, its acting Treasurer and its Minister assisting the Treasurer (Mr Eric Robinson), the Fraser Government continues to assert that things are not as bad as everyone else is making out. [More…]
In a letter to the Australian on 7 February the Treasurer rejected calls for stimulus to the economy on the grounds that ‘the moderate but steady recovery in economic activity now proceeding is likely to outstrip- not fall short of- the course which we laid out in that respect in the 1976-77 Budget documents’. [More…]
Is there anybody in Australia at the moment who thinks that that was a truthful statement- that indeed the economy is on the course that has been designed for it? [More…]
Apart from the disastrous social impacts of many of these cuts in Government spending in areas like Aboriginal affairs and health, the heavy economic impact was also felt I have said time and time again that these cuts not only have a direct impact in that fewer people are employed in the Government sector of the economy but they also have an impact on the private sector which misses out on contracts with the public sector. [More…]
This cutting of Government spending has an enormous effect on consumer confidence which above all is what is required to get the economy moving. [More…]
The Prime Minister himself then pointed to rises in hours of overtime worked as an early indicator of an improving economy. [More…]
Perhaps he now accepts that a decline in overtime represents an early indicator of a further slump in the economy. [More…]
Everyone knows, with the exception of the leaders of the Government, that the economy is in crisis. [More…]
Consequently, the stimulus that must be given to an ailing economy must be directed in areas where it will have maximum impact. [More…]
This would be a far more effective stimulus to our economy at this time than cuts in direct taxes as are being advocated by some. [More…]
It is something which we believe will reduce unemployment, stimulate the economy and, at the same time, will not worsen the inflation situation. [More…]
Unlike the Government, it recognises the long term damage being done to the economy by prolonged unemployment. [More…]
In Australia unions and business leaders- this is reported in the Australian Financial Review of 14 January- have reached ‘an astonishing degree of consensus’ on the fact that the Government is mismanaging the economy. [More…]
Profits and investment will increase as the economy gets going. [More…]
The economy will get going only as a response to government stimulus. [More…]
So there we have it- an economy in crisis, a crisis of this Government’s making. [More…]
Now we have the Hurford plan, last but not least in a long line of Labor plans to revive the economy, an economy which the Opposition did its best to destroy. [More…]
This leaves the disinterested observer with a number of possible conclusions to draw: Labor has no wages policy; Labor does not regard wages as relevant to a statement on the economy. [More…]
In its last year of office Labor presided over the physical decline of most of the productive output of the economy. [More…]
We have always been and still are the first to point out that the inflationary momentum built into our economy through the Labor years must be removed before the expansion to which I have referred can be regarded as having taken firm roots. [More…]
Everything that happens in the Australian economy now is the fault of the Prime Minister and those Ministers whom he appoints to the key portfolios. [More…]
The Parliament has resumed today with the national economy in disarray, the people confused, the business community demoralised, the Government discredited and with no coherent or credible strategy to deal with the nation’s problems. [More…]
The substantial reduction in the magnitude of the deficit since we came to office, and of which this Budget constitutes a further step, will help to moderate the flow of liquidity into the economy. [More…]
Is this the way the Government builds confidence in the economy- not just by cuts in government expenditure but by secret, perhaps arbitrary cuts? [More…]
At a time when the economy needs a modest stimulus by increased expenditure in selected areas the Government is cutting back further. [More…]
The honourable member for Mackellar (Mr Wentworth) in a confidential letter to his parliamentary colleagues, which he also thoughtfully forwarded to one of my colleagues, confidently forecast that the Government would lose its Senate majority unless a radical improvement in the economy could be miraculously achieved. [More…]
But quite apart from the specific measures which the economy demands, what the country needs is a change of direction, a return to policies of collaboration, co-operation and consensus; an end to secrecy, an end to squabbling and division. [More…]
The Labor Party puts its faith in a healthy mixed economy, not for economic reasons alone, but because the mixed economy symbolises the true social consensus on which genuine recovery depends. [More…]
Undermine the mixed economy, undermine the traditional balance between public and private spending, and we undermine recovery. [More…]
Destroy the mixed economy and we destroy the basis of national unity. [More…]
The charges against this Government for which it stands condemned are two- the gross mismanagement of the economy and the impropriety of the Prime Minister and his Ministers’ actions. [More…]
It is phoney and hollow for honourable members opposite, who in government virtually ruined the Australian economy, to come forward and criticise this Government and to vilify the Treasurer (Mr Lynch) and the Prime Minister (Mr Malcolm Fraser) for the way in which they are trying to get this country back onto the rails again. [More…]
The Opposition even after its disastrous experience in office, still does not understand how the economy works. [More…]
When in office Labor tried to offset its gross mismanagement by stimulating the economy with massive spending. [More…]
While we have been in office, battling to undo the damage caused by Labor’s policies and to get the economy headed in the right direction again, the number of people out of work- not the rate of unemployment but the actual number of people out of work- has risen by 7.8 per cent, and that takes into account the large number of school leavers who are registered at present. [More…]
The answer to that criticism is that the Government is not as omnipotent nor the economy as flexible as Labor thinks. [More…]
The economy has to be nurtured carefully back to health. [More…]
Lower interest rates would be of tremendous benefit to the economy and the community. [More…]
Since this Parliament last met, early in December, there has been a disastrous decline in the national economy. [More…]
The dimensions of the malaise which is afflicting our work force and the domestic economy show up with the clarity of all the indicators. [More…]
At the same time we can predict the strategy for 1978 will be a belated bid to reflate the economy with an eye on the elections of 1 978. [More…]
The media created in the minds of the electorate the impression that the Fraser Government could manage the economy better than could Labor. [More…]
It has taken an economy which was showing signs of recovery after a difficult period and plunged it into the depths of depression and economic malaise. [More…]
The tragedy of this criminal inertia on the part of the Government and its advisers is that there is scope in the economy for a stimulus. [More…]
Unused capacity exists in all of the productive sectors of the economy. [More…]
They should have been included as a part of the package of measures undertaken by the Government to stimulate the manufacturing industries and other sectors of the economy where unused capacity exists. [More…]
It may justly be said that if these services are not provided by the public sector of the economy many people are denied these services. [More…]
Urban services such as the railways are part of the public sector of the economy. [More…]
These services will never be improved in the present climate of scaling down the public sector of the economy. [More…]
(Extension of time granted) This is why I find the present mentality of public sector bashing that this Prime Minister (Mr Malcolm Fraser) and this Government have encouraged to be so odious- so odious that they in fact consider that it is all right to spend money in the private sector of the economy but that it is a crime to spend money in the public sector. [More…]
One must realise that if there is to be any real stimulus in the private sector of the economy, the only way it can come about is through the public sector, because it is only when the people have confidence, that the Government has confidence in the economy that there will be a real revival in the economy. [More…]
This is where we see exposed the fallacy that somehow the economy can be restored by shifting resources from the public sector to the private sector. [More…]
The economy cannot recover only by the stripping down of funds provided by Government for basic services such as transport, sewerage and welfare housing. [More…]
This and all future governments must accept that the public sector has a crucial place in the economy. [More…]
Above all, it is a government which has shown beyond all doubt that it is the worst manager of the national economy ever seen in the history of this country. [More…]
The Institute of Applied Economic and Social Research at the Melbourne University this month reports that consumer confidence has again declined substantially and that there is long term pessimism in the community about the Australian economy. [More…]
The Commercial Bank of Australia Ltd, in common with several private banks, reported in January a gloomy outlook for the Australian economy. [More…]
The hard fact is that the administration of the Australian economy is in the hands of an economic illiterate. [More…]
It is patently clear that the unwise policies of the Government have pushed the nation over the threshold towards even higher unemployment, far worse inflation and an economy that is sinking deeper into recession as business founders. [More…]
In these circumstances the Government is responsible for imposing long term stagnation on the economy because it is clear that any rapid recovery would run into bottlenecks as a result of the limitation of capital equipment. [More…]
Tonight the Prime Minister quoted the level of increase in retail sales in the economy in the past 12 months. [More…]
The Government must realise that if it does not spend at a time like this, our economy will be wrenched downwards suddenly and savagely and there will be most undesirable consequences for private business. [More…]
The Opposition also stands indicted for its continual attempts to talk down the economy. [More…]
They do not want the economy to recover under the Fraser Government. [More…]
Tonight I would like briefly and simply to describe the present state of the economy as I see it and as I believe many thinking people in the community see it. [More…]
The second point is that the economy is growing again and, with the exception of the rural sector, is growing relatively strongly, although it is patchy from one industry to another. [More…]
How different in these respects are they from the negative and repressive measures that Labor adopted- measures that simply aggravated the situation which Labor had created through its gross mismanagement of the economy. [More…]
-It is symbolic that while the Prime Minister (Mr Malcolm Fraser) during this debate was telling the country what good shape the economy was in the lights in the chamber blinked off. [More…]
In fact, the nation is stumbling around in the dark while the Government keeps hollering how bright the economy really is. [More…]
In other words, it is deep seated and it will take a long time to get over it, and that is very important to what is going to happen to this economy in the future. [More…]
A substantial cut in demand like that must have recessionary effects on the economy. [More…]
It wants to restore the company share of profits to its normal historical level despite the fact that the economy is now in a most abnormal state. [More…]
This Government wants the normal level for profits at a time when the economy is very abnormally recessed. [More…]
Were other purposes to ascertain (a) information about the social impact and (b) the effect on the economy of Wangaratta the tariff changes would have. [More…]
The Treasurer will be aware that during the recess many and varied ideas were put forward by various people and organisations on how to improve the economy. [More…]
It was in fact a 2-page, very scrappy, very incomplete and most inadequate document on the economy issued by the honourable member for Adelaide. [More…]
I can tell you in all candour that the option no longer exists and insofar as it ever did exist, it worked by injecting inflation into the economy. [More…]
In reply to the shadow behind the shadow behind the shadow Treasurer- ohe is never entirely sure who speaks for the economy in this House - [More…]
On most occasions we have been able to observe those changes when we have been living in a very buoyant economy. [More…]
We are now talking about a situation in which we have a recession in the economy. [More…]
We are not talking about a buoyant economy in which we can get some sort of stable structural adjustment. [More…]
-The House was treated yesterday to a long winded attempt by the Treasurer (Mr Lynch) to convince Australians that record levels of unemployment and uncontrolled inflation are indicators of a healthy economy and sound economic management. [More…]
In view of the growing importance of natural gas to the Australian economy, how does the Prime Minister justify the Government’s jettisoning this natural asset in the interests of the commercial enterprise? [More…]
Policies on our side of the House have led towards a maintenance of the circustances of the economy of the agricultural industry to offset these things. [More…]
In the name of efficiency and economy the Fraser Government is simply transferring its responsibilities to the pocket of every man and woman in Australia. [More…]
We need control of the economy. [More…]
The Government rejects completely any suggestion that additional stimulus is required to the economy at the present time and rejects also any suggestion that the economy has, in fact, failed to pick up. [More…]
The result will make quite certain that the development of Western Australia, whose economy is now starting to take off, will proceed in a proper and vigorous fashion under the leadership of Sir Charles. [More…]
Most, if not all, of the deterioration which has occurred in the economy has been undeniably the responsibility of the Government. [More…]
Hurford) reflects again the Opposition’s total inability to come forward with a workable economic analysis and its continuing program of seeking to talk down the Australian economy. [More…]
I tell you in all candour that that option no longer exists and that insofar as it ever did exist, it worked by injecting inflation into the economy. [More…]
The implications for the proposition then stated- and they still stand -were that the economy would improve. [More…]
If it were to be so, this Government could not take any credit for such an action, and to do so would be a completely misleading use of the consumer price index as a measure in the economy of price movements. [More…]
The Government has been completely and consistently unsuccessful on every occasion that it has sought to project the likely inflation rates in the economy for this financial year. [More…]
There will be the effects of the devaluation which have yet to feed into the economy. [More…]
But the important thing is this: The ingredient of 3.2 per cent for Medibank has nothing to do with the inflationary pressures in the Australian economy today. [More…]
The Medibank component has nothing to do with the inflationary pressures in the Australian economy today. [More…]
I conclude by saying that this Government has identified the major economic problems in the Australian economy. [More…]
The previous Government, after the tremendous spending of 1973 and 1974 and after leaving the economy awash in liquidity, had opportunities to take these measures years ago. [More…]
In fact the honourable member for Curtin (Mr Garland) went so far as to say that the Medibank component of the CPI had nothing to do with the inflationary pressures in the Australian economy today. [More…]
The tendency will be to pass the increases round the rest of the economy in the only way possible; that is, in higher wages. [More…]
I submit that rather than the Government trying to justify what it has done it is time it began to accept some responsibility as custodian of the economy as we find it in February 1977, not as it was or as the Government claims it was prior to the beginning of 1973. [More…]
That is evidence of the effect of the Government’s management of the economy. [More…]
In the Christmas break, when they finally decided that something should be said so that people would recognise that the Labor Opposition had something to say on the economy, they produced their disastrous statement which was nothing more than a rehash of the mixture before, perpetrated on the Australian economy by 3 successive Labor Treasurers and now being advocated by Labor’s fourth economic spokesman in as many years. [More…]
May I just say in very general terms that the present Government in our opinion has a very warped view on what action is going to activate the economy because whether we talk about the Prices Justification Tribunal or the Trade Practices Commission the Government somehow sees the relevant Acts rather as a monkey riding on the back of business and that all that is required is for someone to shift the monkey and business, and subsequently the economy, will again blossom [More…]
A sick economy cannot be boosted by hastily drafted legislation which sets out to draw the teeth of the Trade Practices Commission, thus reducing competition and acting against the very spirit of the Act. [More…]
If we accept- and we on this side of the House do- that the Act is long term, then I think that the Government may be guilty of hurrying things along in order to overcome some of the economic problems it is now facing, and I want to touch on that later on in view of the terms of reference that were set down for the Swanson Committee in regard to the way in which that Committee may have tried to assist the Government to overcome the Government’s problems with the economy. [More…]
Let me get back to my criticism of the Government in its desire perhaps to try to patch up a sick economy by diluting the powers or the role of the Commission. [More…]
A sick economy is absolutely no excuse for such decision making. [More…]
The second string to the Government’s bow is its attempt to camouflage its incompetence in handling the economy and to blame the trade unions for everything that goes wrong. [More…]
What responsibility do any of these authorities have for the running of the economy of this country? [More…]
Then it is said that the Commission impedes the work of the Industries Assistance Commission towards scale economy that can only come from increasing the concentration in an industry. [More…]
The fact is that the Commission does not stand in the way of scale economy that is being encouraged by the IAC. [More…]
Indeed scale economy is of prime importance whether or not the IAC has been concerned in the matter. [More…]
It has impeded the investment of new capital and therefore, in part, the recovery of the economy during the past year. [More…]
What is important and what everyone on this side of the House says in relation to all Government measures relating to the economy is that, of course, we must look at the long term effect. [More…]
I believe that this was done without any examination of its effects on the Australian economy. [More…]
I believe the trade practices legislation has to reflect the nature and structure of the Australian economy and the repeal of section 49 has to be looked at in that light. [More…]
We will get trade practices legislation that hopefully reflects the state of the economy and the aspirations of consumers, and at the same time protects the public interest. [More…]
I believe that they have to be looked at in the light of the Australian economy. [More…]
I believe that the policies of the Industries Assistance Commission in the past have in fact been to encourage concentration in industry to stop fragmentation so that the costs to the Australian consumer and the Australian economy can be lowered by long production runs. [More…]
The aim of this legislation is to contribute towards a set of circumstances that will allow the national economy to overcome the sickness of inflation, to become more competitive, to become more efficient and to do more for Australians who are prepared to do a reasonable day’s work and achieve, in their own way, an advancement in their circumstances. [More…]
On a number of occasions I have indicated that this process of appropriation has contributed enormously to the sickness that we see in the national economy today and to the fact that 5 per cent of the work force, the bulk of whom honourable members opposite believe support them, are out of work because profit cannot provide jobs for them. [More…]
I turn now to some of the comments that were made by the honourable member for Port Adelaide who talked about the Government’s problems within the economy. [More…]
The fact remains- this is the most important part and the reality of this legislation- that we have to stimulate the Australian economy. [More…]
That comes out so often in discussions in this House, even in the very occasional discussions on the economy by the Opposition. [More…]
He has presided over the disintegration of his country’s economy. [More…]
In view of these circumstances, what action does the Treasurer now propose to take to keep interest rates down and to ensure that the economy is supplied with sufficient funds to maintain even the existing low level of employment and output? [More…]
Is the Prime Minister aware that the sector of the economy already making the greatest rate of adjustment is not in fact the manufacturing sector but the rural sector? [More…]
There is an interdependence between the major sectors of the Australian economy, between different sectors of the Australian community, and it is not possible to look at one in isolation from the other. [More…]
Mi WILLIS (Gellibrand)-(3.27) Within 15 months of taking office the Fraser Government’s success in restoring the economy to economic health can be measured by the fact that it is now presiding over the third highest ever quarterly inflation rise and the highest ever level of unemployment recorded by the Commonwealth Employment Service. [More…]
It needs no exaggerations or accusations of talking down the economy to make those statements. [More…]
The most significant action it has taken has been to try to achieve recovery in the economy, and I believe that recovery is under way. [More…]
Only by achieving a recovery in the economy will we get these young unemployed people into the work force. [More…]
Free trade is the principle of centralisationthe centralised economy for the whole world. [More…]
An economy is healthier if it produces a high proportion of the products it consumes; what one would call autarky- self-sufficiency. [More…]
Unless a country has that its economy is subject to the whims of foreign competition and foreign economic conditions which a country itself cannot control. [More…]
One can envisage that the degree of self-sufficiency depends on the size of the economy, and a small economy must have a low degree of it Of course there are special natural advantages in every country, and naturally a country would want to exploit those advantages to the extent that the world market can absorb the product. [More…]
I learned enough about a mixed economy during the tragic years of the 1920s and the 1930s. [More…]
By ‘mixed economy’ I mean one which has minimum government regulation and participation, as this legislation has, but maximum private and free competition and initiative, so that the rip-off and excesses of the Depression era cannot be repeated. [More…]
To oppose this section of the economy is simply again to oppose the small man. [More…]
I think that what we have to be most concerned about in our society and in our economy is to ensure that there is an encouragement of competition. [More…]
It removes unnecessarily harsh controls on small businesses, and there are many of us in this Parliament who are concerned with that sector of our economy. [More…]
Everyone of us has a lot to do in our electorates with small business and we realise the extent to which it is the backbone of the society and the economy in which we operate. [More…]
I indicated earlier, particularly in response to my colleague the honourable member for Darling Downs, that small business is certainly an extremely important component of our economy. [More…]
I think all these things will serve to strengthen the position that consumers have in our economy. [More…]
Trade unions will be able to do all the sorts of things that they were able to do before but there will be particular things which have developed in the trade union movement which the Government and the community in general considers to be to the detriment of the normal operations of the community and economy which will not be permitted under this legislation. [More…]
As I said a little earlier, I do not believe there is any need for any union which behaves in a responsible fashion to have any fear of this legislation but the activities of those who seek to enforce their will on their own membership and therefore on industries and the economy in this country will be noted as a result of this legislation. [More…]
After all, in my view regulation of restrictive trade practices means the regulation of big business because big business can become so powerful in relation to the total economy that it has to be regulated. [More…]
I have heard it said in recent days, and I shall repeat it, that the Australian economy at the moment will not survive unless there is tolerance between employers and employees, with the Government being, at best- I hope not at worst- an honest broker. [More…]
Trade unions are an essential part of the Australian economy. [More…]
Trade associations are an essential part of the Australian economy. [More…]
Restrictive practice is about the power of big business in relation to the totality of the economy and somehow we have to intrude government power to do justice between the producer and the consumer. [More…]
The Opposition knows perfectly well that if we cannot get cooperation now we will not make a success of the economy during the next 12 months. [More…]
If they do not want to see the economy succeed, if they want to create more unemployment, they should get up and say so. [More…]
Do they want to destroy the economy? [More…]
Is it the aim of that front bench to cause union disruption, to cause trouble, to damage the economy? [More…]
If you believe that is the way to get the economy going you are making a very sad mistake, and you will not succeed in improving labour conditions in this country by introducing legislation of a coercive and snide nature such as that contained in proposed new section 45D of this Bill. [More…]
I believe that what the honourable member suggests is not an approach which would result in a proper and appropriate recovery of the Australian economy and that the method of trying to force people out of work earlier than normal is not, by any means, the best way of achieving employment opportunities for young people. [More…]
The Government’s overall policies, as the Treasurer has stated many times, are designed to achieve a sustainable and proper recovery of the economy so that all those who want to work can get appropriate jobs. [More…]
Will he explain to me how he can carry out that policy and fulfil the Prime Minister’s policy, announced a few moments ago, of a sustainable and proper recovery of the economy? [More…]
What would be the effect on the economy if that disastrous increase in the CPI were to be passed on by the Australian Conciliation and Arbitration Commission in higher wage costs to industry? [More…]
Circumstances have developed to such an extent, because of the broad brush approach the Government has taken to the whole economy. [More…]
The Government is going to continue to play a hard line in the economy. [More…]
The suggestion, which has been implemented in North America and some European countries, attracted considerable interest at today’s weekly meeting of the Government Parties during a debate of more than two hours on the economy. [More…]
-The honourable gentleman would well know that the Government’s policies are directed towards achieving a full recovery in the Australian economy that will enable soundly based businesses to operate and to provide employment for those Australians who wish to work. [More…]
These developments on the wages front are occurring at a time when the economy is on a moderate growth path but with a continuation of the current rate of inflation posing a threat to sustained economic growth at our long term capacity. [More…]
In a detailed review of the economic situation, the Commonwealth argued that the distortions to key economic relationships in the economy, which had developed during 1973-74 and 1974-75, had been only partly corrected by the end of 1 976. [More…]
It referred particularly to the excessive growth in wages by comparison with most other elements in the economy. [More…]
The Commonwealth stated that the speed with which sustained economic recovery and the restoration of high employment can be achieved, remains dependent on the rate of adjustment of real wages to their normal, balanced relationship with other elements in the economy. [More…]
The Commonwealth further submitted that less frequent national wage case hearings would be less disruptive to the economy. [More…]
I tell you in all candour that that option no longer exists and that, insofar as it ever did exist, it worked by injecting inflation into the economy. [More…]
However, when one comes to analyse the effect of the level of industrial disputation on the economy, one cannot put aside such political disputes. [More…]
the 2 057 000 mandays lost over Medibank must have an adverse effect on production and on the economy as a whole. [More…]
There was emphasis in the Speech on the economy and that would not surprise any of us because we in this place and those who are involved outside in the decision making process seem to spend most of our time dealing with economic matters. [More…]
Australia has experienced economic difficulties in recent years; my Government has given first priority to restoring the economy and will use all the resources at its disposal to achieve this goal. [More…]
But when one goes around the electorate, around the traps as we call it, and speaks to the ordinary people in the street one finds so many people wondering whether this concern with the economy might be misplaced. [More…]
When one looks for visible signs of a recession in the economy they are not easy to find. [More…]
I would like, firstly, to make some comments about the economy and the policy being undertaken by this Government as outlined in the Queen’s opening Speech. [More…]
Firstly, the control of inflation has been accepted by this Government as the first prerequisite for restoring the private sector, for returning the economy to more normal levels of activity and for reducing unemployment. [More…]
Attempts by the previous Government to reflate the economy led only to higher inflation rates, higher interest rates and higher unemployment levels. [More…]
The economy is now more rigidly structured, with consumers, employers, employees and governments having different attitudes and expectations. [More…]
All possess a greater capacity to impose their individual will on the economy, irrespective of the consequences. [More…]
Other indicators show that the economy is beginning to move in the right direction. [More…]
These are some of the positive aspects of the economy at present. [More…]
I would like to place our economic strategy within the perspective of recent comments by Opposition spokesmen on the economy. [More…]
In this respect I see tax cuts, as a means of stimulating the economy, as possibly being counter productive. [More…]
The Opposition has stated that it would indulge in selective government expenditure increases as a means of stimulating the economy. [More…]
Outside the issue ofthe economy, I believe that this is one of the biggest social issues in Australia today. [More…]
Of course, as was known in the past, the High Court wisely said that this Parliament ought to control the economy. [More…]
We then had the advantage of being able to run the economy as a nation. [More…]
Then we would not have this confrontation, this nonsense, this charade as to the power of the Senate and how it will dictate what is in the best interests of the economy. [More…]
If we look at it from the point of view of what is in the best interests of the economy, we as members of the Australian Labor Party must bear in mind that we were removed from office by the senators ostensibly on the basis that there was high inflation, high unemployment and a lack of economic management. [More…]
How it has been proved by subsequent events that this is about the only national Parliament without the ability to control its national economy. [More…]
While the economy remains a major matter of national importance, it is by no means the only subject which should involve this Parliament. [More…]
That is one of the objectives of the present Government through its inquiry into education, one of the objectives of which is to examine whether people are going to be available and trained for the jobs which hopefully will be present in the economy in future. [More…]
The Germans also have a form of national service in a civilian capacity for those who cannot find work within the normal structure of the economy. [More…]
At this time, lower wage demands are essential more in keeping with the capacity of the economy to absorb them. [More…]
It is possible to argue about the depth of the recession or the extent of the recovery; but no reasonable argument is possible against the proposition that our economy is flagging and should be quickened. [More…]
Surely nobody would argue that tax reduction would not quicken the economy. [More…]
This would immediately revivify the whole of the economy. [More…]
As I said before, this will stimulate the whole of the economy and make all the difference to our present outlook. [More…]
The economy is stagnant and it is not going ahead as it should. [More…]
Secondly, I offer the reduction of interest rates throughout the whole of the Australian economy. [More…]
This simple measure will change the whole outlook of the Australian economy and get us out of the morass in which we are still floundering. [More…]
Australia has experienced economic difficulties in recent years; my Government has given first priority to restoring the economy and will use all the resources at its disposal to achieve this goal. [More…]
This is a private enterprise economy. [More…]
In 1 977 no economy is an island. [More…]
Before devaluation the OECD team studied the Australian economy and said that while this Government’s policies would lead to a reduction in inflation this alone would not result in the recovery of economic growth. [More…]
The Mitsubishi Bank says that the economy of Japan seemingly headed up several times towards recovery but has run out of steam and even now is unable to set itself firmly on the road to recovery. [More…]
In April 1975 the Australian economy was in its worst shape since the Great Depression. [More…]
According to World Bank figures, Australia also has the West’s most egalitarian economy, with the smallest gap between rich and poor. [More…]
Nevertheless, by 1974 Australia’s economy was in a frightening mess. [More…]
Within days of taking office the Whitlam Government plunged itself into a socialist-minded restructuring of the Australian economy. [More…]
As Labor prepared its first Budget, for 1973-74, senior civil servants warned that the economy could absorb a government spending increase of only $1.8 billion. [More…]
Soon Canberra buzzed with alarming stories of what the Sydney Bulletin called the Government’s ‘handout industry, the fastest growth area in the Australian economy’. [More…]
The Australian economy is improving. [More…]
The improvement is slow but, as the Prime Minister has said, after taking over such a morass and such a shemozzle from the former Government it will take 3 years to bring the economy under any sort of control. [More…]
The Government is on its way to doing so and I have no doubt that, if it sticks to the policies which it has enunciated, the Government will bring the economy under control. [More…]
At first consideration it seemed that this was not an unreasonable thing, but the fact is that from that time onwards there was a tremendous surge, a tremendous increase, in wages throughout the Australian economy. [More…]
Finally, because retribution comes to those who will not recognise the facts of life, the honourable gentleman was forced to say to an assembly of his own political supporters: The inflation which is the cancer that is destroying the Australian economy is largely due - [More…]
In any event, the Government is still contending that that is the situation, namely, that the well-being of the Aus.tralian people is dependent on the components of our economy to which I have referred. [More…]
Then some reference was made to the intention of the Government to restore the economy and to the claim that it would be making social reforms. [More…]
Considering what the Government did in respect of devaluation, it is no idle contention on my part to say that because of the devaluation our economy is the laughing stock of the world. [More…]
to examine the significance and potential of tourism in the Australian economy and whether it has special features in comparison with other industries, with particular reference to its effects on: [More…]
In relation to the economy, I adopt completely the brilliant speech of the honourable member for Braddon (Mr Groom) in moving the Address-in-Reply. [More…]
My Government is not only taking action to restore the economy . [More…]
Yet the Prime Minister of this country (Mr Malcolm Fraser) was prepared, as a Leader of the Opposition, to tear up the social fabric of Australia, abuse the prerogatives of the Senate and to do anything to tear the Labor Government out of office so that his Party could, in its view, seal the doom of the Government which was destroying the economy. [More…]
Let us consider the economy and some of the indicators which tell the tale of the performance of this Government. [More…]
Yet the Government will have the temerity to say to the Conciliation and Arbitration Commission that if it passes on the 6 per cent increase it will jeopardise the economy. [More…]
This decision, hastily entered into for the benefit of a couple of sectors of the economy, when added to the mixture of prices, will see Australia settling down to a level of hyperinflation during this year. [More…]
As I mentioned earlier there are 3 areas of undertaking: The economy; the restoration of rural incomes and the abolition of rural poverty; and the improvement on the resources front. [More…]
This country and its economy will prosper only when the people of Australia are prepared to work hard for that prosperity. [More…]
Some members of course are genuinely concerned at the way events are unfolding in the economy in Australia, but their voices are being drowned out by the raucous cries of those strong men, those men of steel who want to flay the backs of the unemployed; the men who want to brand them as dole bludgers and malingerers; the men who want to deny the very lowest income people in our country, the people who really need full indexation, the benefits of full indexation; the men who are completely committed to the idea of survival of the fittest; the men who are utterly and completely lacking in compassion for people who happen to be less fortunate than themselves. [More…]
The only thing missing from these torrents of promises and platitudes is the slightest acknowledgment of responsibility or regret for the damage done to the Australian economy and the Australian people, the destruction of great and creative programs, the continuing stagnation and decline and the falling living standards and diminishing opportunities which this Government is inflicting on the Australian people. [More…]
When is the Government going to give us one simple, honest, credible statement about the economy? [More…]
My Government gives first priority to restoring the economy and will use all the resources at it disposal to achieve this goal. [More…]
All these lies, all this doubletalk and deception have destroyed confidence in the Government and are destroying confidence in the economy. [More…]
The Government’s fury and desperation with the economy are vented on the unemployed themselves- the victims of its policies. [More…]
People are sick of the Government’s attempts to blame Labor for the mess it is making of the economy and the nation. [More…]
With that devaluation, whatever its effects may be, the Liberals assumed total responsibility for the state of the economy. [More…]
On the economy, the Government has steadily painted itself into a corner. [More…]
It promised to restore the economy after the international recession; it has made the economy worse. [More…]
Its real meaning is this: The economy will get worse. [More…]
I have no doubt that many members of the Labor Party would have been disappointed in what he had to say because whereas as usual he did have a chance to speak about the economy and to bring up some constructive criticism of the Government, he got caught up in his read speech in a great amount of sublimated guilt. [More…]
My Government is not only taking action to restore the economy, it is also making social reforms which are of fundamental importance to the freedom and well-being of the Australian people. [More…]
We are taking action to restore the economy. [More…]
No doubt it would have liked to have restored the economy every few months when it saw how swiftly the economy was going down hill. [More…]
Within the context of absolutely disastrous management by the previous government, it was impossible to keep the thrust of social reforms going because unless we have a restored economy, an economy that can stand social reforms, an economy that is properly managed so that social reforms can be afforded by the people of Australia, those social reforms cannot be carried forward. [More…]
At the same time it has an obligation to restore the economy which we found in such disastrous circumstances in December 1975. [More…]
Therefore, the social reforms to which we are committed are continuing at cost to inflation and to the general economy. [More…]
The paradox in which we are trying to exist, that of restoring the economy at the same time as making social reforms, is a difficult paradox in which to fit. [More…]
The far reaching report on the aged and infirm, on which no doubt the Government will be acting in the near future, is another indication of our concern for social reform within the context of the recovery of the economy. [More…]
These talks provide the most damaging expression of Malcolm Fraser’s narrow ideology and his reactionary outlook on politics and the economy. [More…]
In the face of bad structural problems in the economy, the Government has adopted the worst possible mix of measures. [More…]
If there should be some sort of economic recovery, and on the latest figures we see little hope of an early lift in the economy, employment will not return to former levels. [More…]
These programs might have been of some benefit as pilot programs in an economy where there were structural problems but the level of unemployment was generally stable. [More…]
We face just as pressing problems here in the Australian economy yet we find no spirit of cooperation or conciliation on the part of the Fraser Government. [More…]
Australia has experienced economic difficulties in recent years; my Government has given first priority to restoring the economy and will use all the resources at its disposal to achieve this goal. [More…]
My Government is not only taking action to restore the economy, it is also making social reforms which are of fundamental importance to the freedom and well-being of the Australian people. [More…]
This Government is concerned not only with business and the future of our economy but also with people. [More…]
The Australian economy is not in the gloomy situation that it has been made out to be in by members of the Opposition. [More…]
Devaluation was one of those measures that would give the greatest and the quickest boost to the domestic economy. [More…]
I come now to the attitudes of some of the Australian people as to what they expect from the economy today. [More…]
That is exactly what we have done with the economy. [More…]
We have stopped the trend and shortly we will turn the economy for the betterment of the people of Australia. [More…]
When Labor came to power in 1972 we left an economy with interest rates running at about 7 1/2 per cent per annum, a rate that seems pie in the sky today. [More…]
This is just another of the factors I was mentioning which indicate that we have levelled off the economy, and we must level the economy before we can achieve any decline in inflation in the way which is best for the country. [More…]
Surely this is an indication that the economy is turning rather than an indication of the dreadful gloom mentioned by the Leader of the Opposition and the Deputy Leader of the Opposition. [More…]
With what are they trying to compare the economy today? [More…]
Subconsciously, when people say that the economy is crook, they are really comparing it with the boom of 1973. [More…]
I do not have the slightest doubt that if one asked someone in the plastics industry about his business and about the economy, he would say that they were great. [More…]
But if one asked the same question of a manufacturer who made something out of bakelite or tin or rubber, he would say that the economy is crook because we all tend to judge the economy from our own little backyard, those things that affect us. [More…]
What do we expect of the economy? [More…]
There is a continual change in demand, and irrespective of the state of the economy there will always be some particular industries that are declining. [More…]
It is disgraceful for those poor people who want jobs, but when Australia is compared with West Germany, America and Canada which have booming industries it is found that those countries have a greater unemployment problem than Australia, This does not mean that we do not want to get industry moving or that we do not want to get jobs for the Australian people, but it is a fact of life that unemployment is unfortunately one of the parts of the modern everyday economy. [More…]
The Australian economy has a future. [More…]
We saw the honourable member for Oxley (Mr Hayden) yelping like a trained seal: ‘The economy is doomed. [More…]
It is easy for an economy to sag and to become limp when the great backblocks begin to fold up. [More…]
Surely the Government has the authority to confer with the fuel distributors- I do not want to confine my remarks to petroleum- of this nation and to get them to come to some sort of arrangement whereby a fraction of a cent more is paid by people living in the coastal areas and the benefit is given to the many hundreds of thousands of country people, most of whom play an important role in contributing $4 billion a year for this nation’s economy. [More…]
But the 4 per cent of people who do not receive it are vital to the economy of this nation. [More…]
The major element in the strategy is to bring about growth in production in the private sector … A government which understands and can manage the Australian economy is essential to Australia’s prosperity and to the revival of business confidence . [More…]
The economy is worse than ever. [More…]
There must be some system for working out relativities in life and for providing orderly social justice within the capacity of the economy. [More…]
The unions have pushed claims that the economy cannot support. [More…]
The remark on the next page of Her Majesty’s Speech brings home the whole problem of the situation of the Australian economy. [More…]
-Well, I think it shows the reality of the economy. [More…]
With all respect to honourable members opposite, I do not think that they acknowledge the realities of the economy. [More…]
They said that the Australian economy was bad, and it was bad for one reason only- that they were not the Government. [More…]
The Australian economy was never as bad as they painted it to get us out of office. [More…]
The 2 central problems in this economy are still inflation and unemployment. [More…]
One of the realities of the Australian economy- I think it is part of the humanity of the tradition of the countryis that even if a person is out of work he will not be allowed to starve. [More…]
It is about time that we began to acknowledge the difference between not allowing people to starve on the dole and the responsibility for placing them in creative employment in the Australian economy. [More…]
If there is an excess in one part of an economy it must have repercussions upon the other parts. [More…]
As a result pensions will increase as a proportion of the average wage, provided of course that the Conciliation and Arbitration Commission does not allow the full indexation of workers’ wages to destroy our economy. [More…]
During the course of the last year we have taken a number of necessary steps to re-establish a firm basis and security within the Australian economy. [More…]
Does this mean that the average income earner lost about 3.2 per cent in real income and did not share at all in the productivity increase in the economy- that is, he was about $10.50 a week worse off in real comparative terms at the end of the year? [More…]
I have debated this subject with his colleague the shadow minister for the economy, or whatever he is called, in this place. [More…]
We have a complementary economy. [More…]
In practice, as the Minister said, any change is to be deferred until the Australian economy improves. [More…]
Its record has been surprisingly good, considering the state in which we found the economy when we took it over 1 5 months ago. [More…]
It is not easy to go back to the situation which existed prior to 1972 when we had economic growth, low inflation rates and all of those good things that were part of our economy at that stage. [More…]
The $4,500m of export earnings from agricultural products is vital to the economy. [More…]
I think one of the important things about this Government and one of the depressing things about this economy is that we are getting a lot of big talk from the Government. [More…]
We have heard from honourable members opposite before they came to power and since they have come to power how they are going to improve the economy and all the great things they are going to do. [More…]
It is the Government’s belief that if it carries out that proposition it will in fact make the economy pick up. [More…]
Recently I heard Mr Eric Robinson, the Minister Assisting the Treasurer, criticise people on his side of the political fence, federally and in the States, for talking down the economy, for criticising the Government by saying that it is not being effective. [More…]
An investment manager or a person who had to make some decision would think twice about taking any definite steps which could possibly improve the economy if the Government was always telling them that everything was going according to plan and yet if its predictions on unemployment and inflation were wrong. [More…]
I think that if the Government wants the economy to improve- I assume that all of us do, because a significant number of people are suffering since the economy is not improvingthe community must have some justified faith in the sayings of the Government, the Treasurer, the Prime Minister (Mr Malcolm Fraser) and the others who normally make statements on behalf of the Government. [More…]
What alternative methods of dealing with the economy are available to us? [More…]
The reintegration of the Australian Development Assistance Agency as the Australian Development Assistance Bureau within the Department of Foreign Affairs will ensure increased economy in the administration of our aid and improve coordination of development assistance policy with foreign policy generally. [More…]
What some people sometimes forget is that in raising that sort of money we also place a burden on other sections of the economy. [More…]
If the Government fails to restructure the industry and goes ahead with the LAC recommendation to dismantle the scheme, the effect on the Tasmanian economy will be devastating. [More…]
One is horrified to think what the situation would be like within the economy of Tasmania, especially because of the income the industry generates through shops, transportation, labour, equipment, sales, etc. [More…]
The flow-on from that mismanagement and that reckless handling of our economy has been a major factor in the problems that confront the apple and pear industries today. [More…]
The present Government axed the activities of the Commission on the grounds of economy before it could report on 2 crucial issues- natural gas and transfer pricing. [More…]
Energy is a national problem which must be well considered and examined by the nation’s best brains from all sectors of our economy. [More…]
My Government is not only taking action to restore the economy, it is also making social reforms which are of fundamental importance to the freedom and well-being of the Australian people. [More…]
That would have been a very expensive exercise for the Australian economy. [More…]
But why put in another bit of the pyramid to increase costs to the community, the economy and the Government as a whole? [More…]
One of the things we must realise is that the economy is like a bucket of worms. [More…]
The Australian economy must continue to change. [More…]
I have shown to the Opposition a table which shows how the economy has changed over the years. [More…]
We have an idea that is valid down here, or at least we all understand that the reason for the imposition of staff ceilings is that we do not want funds to increase but what is just some passing economy to people with a well-established educational system becomes by a quirk of fate another utter disaster for Aboriginal people. [More…]
Today we hear many people denigrating not only our economy but also our own national characteristics. [More…]
These industries pioneered the early settlement of north Queensland and they still remain the backbone of the economy of the north. [More…]
Pioneered by men and women of vision and enterprise it is slowly being suffocated by a lack of appreciation of the difficulties arising from a sick economy which was not pan of their mismanagement; high fares for air travel which make it cheaper for an Australian to holiday offshore than in Australia itself; unrealistic industrial awards; the high cost of capital for facilities; insufficient tax allowances or recognition to allow a subsidy against the tremendous cost of running a tourist establishment. [More…]
Some people would suggest that in fact it is highly inflationary to bring more migrants to Australia: others would suggest that in fact what the economy needs is the stimulus provided by an increased migrant inflow, and I believe that that is what the honourable member is suggesting. [More…]
In recent times the Government has been in quite close discussion with a number of leaders in different sectors of the Australian economy. [More…]
The Australian and New Zealand Bank survey of business indicators reports that after 2 years of near stagnation the economy is now experiencing mild expansion. [More…]
But having said that, I conclude by saying that a number of industry groups are now of the view that the economy is emerging from the recession that had been caused by the 3 disastrous years of labor. [More…]
The misleading statements about the economy, to say nothing about misleading statements on other areas of our national affairs, are coming so thick and fast from Fraser Government Ministers that it is difficult to choose which one to highlight each week. [More…]
The accounts indicated that the economy was moving in line with the Government’s overall economic strategy. [More…]
There is no way in the world that one can say credibly, as the Treasurer has attempted to say, that the December quarter national accounts indicate that the economy is moving towards economic health. [More…]
Does any objective and truthful person suggest that failing to pass the Hayden Budget in September and October 1975 did not affect the Australian economy? [More…]
The Australian economy stumbled during December quarter. [More…]
Later it stated: … the direction in which the economy was moving during the December quarter is not an encouraging sign. [More…]
They are not only short on argument but also short on understanding of the economy of the country. [More…]
The Treasurer has observed in the statement which he put down accompanying the national accounts that the aggregates for the December quarter taken together underline the likelihood that real growth in the non-farm sector of the economy will exceed the 4 per cent rate foreshadowed at the time of the Budget. [More…]
It is significant that manufacturing industry is referred to in that statement because that has been recognised as one of the weak spots in the Australian economy. [More…]
We would certainly hope that it is because we know the strength of the economy in New South Wales and what it can be if it recovers and gets under way again. [More…]
The Australia and New Zealand Banking Group Ltd survey of business indicators reported that after 2 years of near stagnation the economy is now experiencing mild expansion. [More…]
Certainly the arguments put forward by the honourable gentleman show in no way that the Government has misled the people about the economy. [More…]
They show that the economy has responded to the economic policies of the present Government. [More…]
There is a continuing tide of encouraging reports, statistical releases and independent comment which supports the view that the economy is emerging from the deep recession attributable to Labor’s period in office. [More…]
The national accounts are a more reliable indicator of what is happening in the Australian economy and supersede other less reliable statistics which are released earlier than the national accounts. [More…]
The accounts show that growth is fairly widespread in the non-farm sector of the economy. [More…]
If that is not an indication of the underlying strength of this economy and of the reduction in the underlying inflation rate, I do not know what is. [More…]
These major points justify the statements of the Prime Minister and the Treasurer that the economy is returning to normal and condemn the attempts by the Opposition to continue to talk down the economy. [More…]
The accounts show that the economy has responded to the Government’s economic policy. [More…]
The Australian Industries Development Association, in its bulletin of March 1977, in an article ‘On the state of the Economy’, stated: [More…]
There are far more important things which the Opposition in this place could be doing than drawing attention to the phoney arguments which it is proposing in trying to talk down this economy and in trying to take up the time of the national Parliament. [More…]
This Opposition, more than any other single factor, is responsible for the disastrous state in which this Government found the economy. [More…]
Since this Government came to office it has taken strong, determined and firm steps to bring the economy back into line. [More…]
There can be no doubt that only one Party is capable of managing the Australian economy and that is the Party which is in office at the moment. [More…]
In fact the dynamics of population are interwoven with the organisation of the economy, the provision of public services, the use of land and resources and the enhancement of the quality of urban and rural life. [More…]
However, he fails to examine the context in which these policies were developed and their relevance to current demographic patterns and the state of the economy. [More…]
I have been persistently saying in our community that it is not good enough to manipulate the migration program to meet the needs of the economy. [More…]
It is a doctrine that leaves the great majority of ethnic communities at the mercy of the whim of the economy. [More…]
Let me put the opposite view, the view that the economy must be manipulated to suit the needs of the population. [More…]
These questions are: Does a healthy economy require a growing population? [More…]
Would a slower rate of population growth help or hurt business and the workers’ position in the economy? [More…]
The provision of a migration program in relation to the progress of the economy must be judged in relation to other facets and goals of economic policy. [More…]
That argument proceeds on the basis that in the economy ‘more’ is ‘better’. [More…]
It is a factory fodder approach, and honourable members well know the awful consequences in their electorates of the present Government’s manipulation of the economy. [More…]
It enters into the question of quality of life in the cities, and the provision of public services, the organisation of the economy, the planning of land use and resources, the protection of the environment, and the need to overcome disparities and discrimination. [More…]
There is a need to open new lands of vast resources to agriculture and commerce, the development of a population base adequate to sustain a vigorous and diversifying economy, and the forging of a separate national entity. [More…]
My original statement was that we must manipulate the economy to meet the needs of population; we must not manipulate the population to meet the needs of the economy. [More…]
Without some organisation within the economy, there is not much hope of getting the figure below that. [More…]
That is the basis of the whole argument which the Opposition has put forward on the economy. [More…]
The effects on the economy of this sharp cut back have been multitudinous. [More…]
The point I am making- I think it should be made quite strongly- is that we should not be starting an increased immigration program merely because this would be seen to be some way of stimulating our economy or stimulating growth. [More…]
It could be said- in fact, I would be one of the people who would say it- that the Government’s measures for stimulating the economy and reducing unemployment have not been adequate. [More…]
Heavy immigration programs impose immediate burdens on resource allocation and can cause gross distortions in our economy. [More…]
It is apparent that there is a very real relationship between the net immigration figure and the state of buoyancy of the Australian economy, the availability of jobs, the availability of houses and the like. [More…]
Many industries talk about deficiencies in terms of economy of scale from the production point of view. [More…]
I think sufficient figures are available already to indicate that if Australia is to sustain its population and if it is to provide the population expansion which is necessary from many points of view, including the point of view of defence and point of view of getting effective utilisation of our generously endowed resources, it ought to be at this stage laying the basis for an immigration program which will contribute to the well being of this nation, to the growth of our economy and to the prosperity of the Australian Community. [More…]
It is curious, to say the least, for the honourable member for Batman (Mr Garrick) and indeed other honourable members of the Opposition to rise and be critical of this Government for its handling of the economy. [More…]
The honourable member, however, did himself rather less than justice when he was incredulous at the statements made by the honourable member for Batman (Mr Garrick) on the economy, inflation and unemployment. [More…]
Some day they will have to run on their own record and when that happens the economy will be the issue. [More…]
I know it is an extraordinary thing that in such a debate the economy should arouse any interest in members of the Opposition. [More…]
In particular I refer to the scope- it is a serious problem- that remains for this Government to provide the sort of relief that is so desperately needed by large sections of the economy which are being obliged to pay for the programs that are still, regrettably, heavily under way, and solidly under way as a result of the nation being set on a disaster course under the 3 years of Labor. [More…]
I want to submit to the House that it would be a very false economy if full meals were taken off the Tasman Limited. [More…]
It was a government which inherited a stable economy in 1972 but which in 3 years reduced Australia to one of the worst economic categories in the Western world. [More…]
I would like to see this country being as successful as is Sweden, for instance, in controlling inflation and in maximising the efficient activity of its economy. [More…]
Already this week I have had the duty of bringing up a matter of public importance concerning this Government’s misleading of the Australian people, particularly in relation to the economy. [More…]
taking action to restore the economy’. [More…]
By now Australians must be heartily tired of the falsely confident predictions and artificially jolly reassurances that the economy is about to turn the corner for better days. [More…]
The economy is blighted by the worst unemployment since the Great Depression of nearly half a century ago; inflation for the latest quarter that is exceeded only by the record level set in 1952 by an earlier coalition government and business activity that is cramped and stifled by the worst recession for over 4 decades. [More…]
The economy is ploughed into a deeper and more depressing furrow of recession while Government spokesmenlike the Prime Minister who was Minister for the Army and then Defence Minister at the time of our dishonour in Vietnam- tell us things are getting better and better and soon they will be quite good. [More…]
If anything, they disclose that any improvement in real activity was due to external trade factors, that with the faltering of the world economy this stimulus has petered out and that in the last quarter the Government’s clumsy economic management measures were proceeding to push the brake pedal through the floor boards. [More…]
Clearly the momentum this trend gave to the economy will come to an end in the face of falling demand. [More…]
Signals on the performance of the economy such as these and those I mentioned earlier are cold comfort for the Government and the community. [More…]
The most encouraging prospect seen by manufacturers, as reported by the latest Associated Chambers of Manufactures of Australia-Bank of New South Wales survey on industrial trends, is for a static economy, according to the Australian Financial Review report of that survey. [More…]
The dismal prospect is that the worst of the inflationary pressures released by the Government’s November devaluation have yet to work their way through the economy. [More…]
This in turn raises important implications for the performance of the economy over the rest of this calendar year. [More…]
Over the rest of this financial year, economic management and community reaction, to whatever measures are applied coupled with community expectations will powerfully determine whether the Government has any success in trying to recapture the control of the economy which it clearly lost in 1976, or whether it will be another fumbling case of trying to catch and squeeze mercury by hand into a narrow-necked bottle. [More…]
Given the clear trends underlying the economy as a result of economic measures taken by the Government, especially devaluation, a further hike in interest rates looks certain. [More…]
The degree of loose liquidity floating about in the economy at present underscores that point. [More…]
Higher interest rates are merely gauge readings of how control of the economy is slipping out of the Government’s hands. [More…]
But there is in the economy an even more disturbing underlying trend, if I may be allowed the indulgence of mentioning again the argot so favoured by the Treasurer. [More…]
This is the outlook now staring bleakly at this country because of the uncertain grasp the Government has on the nation’s economy. [More…]
In short, the picture is of an economy in worse shape at the end of 1 976 than at the end of 1 975, of a government not skilful enough to pick up and foster the early, developing recovery of late 1975 which by its own momentum spilled over into early 1 976, of an economic outlook for this calendar year which is grim and fraught with several real dangers as a result of clumsy Government practices. [More…]
With these troubling circumstances besieging the economy we are served with such thin fare in the Queen ‘s address as: [More…]
my Government has given first priority to restoring the economy and will use all the resources at its disposal to achieve this goal. [More…]
Uncertainty, feeding a waning public confidence, both the product of Government deficiency in handling the economy, is the worst enemy with which the Government now has to contend. [More…]
Reductions in Government expenditure in real terms for the year, as provided in the last Budget, of over 56 per cent in the national sewerage program, more than 48 per cent in urban development, exceeding 12 per cent on roads, about 10 per cent on railways, and a 45 percent reduction in proposed new capital works all signal the degree to which the private sector- I stress that it is the private sector- has been hammered by the unnecessarily tough policies of the Government; that is, in those few areas major construction works with strong multiplier effects in the economy were cut severely, disabling the private sector. [More…]
For a no growth Budget in a slack economy with little, if any, growth in the workforce and therefore little scope for growth in revenue, the Government has painted itself into an intolerable ideological corner if it seeks to cling to ideological hang ups on the Budget deficit and the level of government spending. [More…]
No one in a highly competitive economy, where failures are common and disasters are regular, will take the risks involved in establishing new industries, expansion of existing ones, creating job opportunities, if the real stimulusreward is to be ripped off him in taxation. [More…]
Let us get the position of agriculture in our economy in proper perspective. [More…]
While the Australian economy sinks progressively into a state of permanent recession the Australian Labor Party has continued to look for policy initiatives to serve as the basis for constructive debate and the eventual implementation of a bipartisan approach to the most serious economic decline in Australia since the 1929 depression. [More…]
The remorseless squeezing of the economy by this Government is now having its effect. [More…]
Consumer spending in January and February declined alarmingly, to the extent that even traditional supporters of the Liberal Party in the financial sector and in major industries are publicly expressing their alarm at the rapid deterioration of the economy. [More…]
What is this Government’s reaction to this snowballing collapse of the Australian economy? [More…]
It claims that various economic indications show that the economy is beginning to improve when the key indicators of unemployment and inflation continue to rise, and investment in the principal industry sectors continues to fall. [More…]
Like so many other longneeded initiatives that Labor was moving towards when it was in government, it would appear that the White Paper has been shelved- a sacrifice to the Liberal Party’s archaic thoughts on a laissez-faire economy. [More…]
While the tertiary industry sector continues to increase its share of total employment, it must be recognised that much of this growth is based ultimately on the growth of manufacturing industry, whether it be direct employment of clerical and administrative staff to direct the operation of labour and the increasing degree of capital investment in production processes, or indirectly through the retail, transport, insurance, banking, communications, and office services staff which in turn supply the services of an advanced economy to the employees of manufacturing industry, and to each other. [More…]
North Queensland ‘s economy depends almost entirely on a serviceable, adequate road system. [More…]
But that again is extremely doubtful, for southern interests always seem to get the biggest slice of the cake, even though the north provides the lion’s share of the State economy and contributes handsomely to the national economy. [More…]
The Speech by the Queen, which took only 5 minutes to make, was a clear indication that this Government is bereft of policies, has negative ideas and has thrown its hands in the air because of its inability to manage the economy. [More…]
What a derisive term; what a way to describe our young unemployed who are unemployed through no fault of their own, the fault lying fairly and squarely on the shoulders of members of the Liberal-National Country Party Government who have mismanaged the economy. [More…]
Our task has been to identify areas where change could be made in the interests of efficiency, economy or better administration or delivery. [More…]
The economy must have the money it needs and that money must come from somewhere. [More…]
I want to address my remarks in the short time available to me in this debate on the Queen’s Speech to the priority of this Government to restore the economy, to bring about lasting recovery and to restore impetus to economic growth and full employment. [More…]
But a healthy and growing economy is a necessary condition for an effective social welfare program. [More…]
So to restore the economy is the all important aim. [More…]
I do not claim that the economy is booming. [More…]
In the light of the continuing decline and deterioration of the Australian economy, as evidenced by the latest overtime figures released by the Bureau, can he please explain his reluctance to use these figures as an indicator of Government performance of late? [More…]
As the Government has made consistently clear over a period of time, the overall state of the indicators which are available and which are emerging certainly shows that the economy is moving in line with the Government’s overall strategy. [More…]
If one looks at the overall position one sees quite clearly that the economy is moving in line with the Government’s overall strategy. [More…]
I shall not cover all the figures used recently by the Prime Minister but it is quite clear that the economy is, in fact, moving in line with the Government’s overall economic strategy. [More…]
Instead, while the economy continues to slump, these 2 leaders seem to be continuing in a public slanging match while the economy continues to deteriorate and the responsible blue and white collar Australian workers and management suffer. [More…]
Although the state of the world economy contributed in some way to Australia’s economic problems during its 3 years of office, its mismanagement of the economy resulting in the unique situation of causing unemployment to increase simultaneously with inflation was near catastrophic. [More…]
-When this debate was interrupted last night, I was emphasising, in the course of setting out positively what the Government has done in restoring the economy, that a significant measure of economic recovery has taken place. [More…]
As I said, the economy is not booming and the measure of recovery is uneven. [More…]
To sum up, it is, as I said, recovery we are talking about, not a booming economy. [More…]
There have been calls- they are still being made- for a stimulus to the economy. [More…]
We are not dealing with a straight forward, traditional cyclical downturn in the economy but rather with unemployment, and inflation, significantly associated with major elements of imbalance in the economy, with structural and other factors which are difficult to remove, offset or change quickly. [More…]
After the high level of costs, perhaps the next most difficult factor is the high interest rate structure which has become built into the economy since the Whitlam Government first substantially upped interest rates in September 1973. [More…]
They have failed at every attempt, with 3 Treasurers, to make a success of the economy. [More…]
Perhaps the honourable member for Oxley will return to the chamber and spell out in clear detail how he sees the economy recovering. [More…]
Let the Government have the secret weapon and save the economy. [More…]
It was largely based on the unacceptable principle of using migrants as cheap labour in unsatisfactory working conditions for the purpose of improving the economy. [More…]
To those who believe that this Government has not kept its electoral promises and has not put this economy on the right direction, I say this: Within the constraints of our present economic situation, we have made a significant number of moves in the right direction, in the direction that will help not only businesses, but also the average wage earner, the family man, the everyday citizen in our community. [More…]
So this is the type of situation which we as a government must analyse, which we are trying to assess and through which we are trying to make the economy recover. [More…]
Speaker after speaker on the Government side recited in parrot fashion words such as ‘the economy is now about to improve’ or ‘we are coming out of the slump’. [More…]
If we look at the situation in Australia at the moment we find that the economy is still declining and that unemployment is still rising. [More…]
But honourable members on the Government side of the House are saying there is an expansion in the Australian economy today. [More…]
Nonetheless, Government spokesmen have been spouting how the Government will achieve economic recovery and how the economy is already recovering. [More…]
Where are all the signs that show an improvement in the economy about which Government supporters are talking? [More…]
The Government now has to set about talking to employers, employees and the lending institutions to convince them that unless we all work together, unless they are all prepared to play their part, our economy is not going to improve. [More…]
That is an eternal problem, one which this Government is facing and one which this Government hopefully will be able to face even more squarely when funds from taxpayers’ pockets can flow in more liberally as the economy improves. [More…]
Our economy will revive, given a change of policies. [More…]
The delegation confirmed that the newly unified country was very anxious to receive development assistance which would help the war damaged economy to get back on its feet. [More…]
Since that time it has indicated that it has a significant interest in gaining assistance from the outside world- from organisations such as the Asian Development Bank- to reconstruct the economy. [More…]
This would ensure that Australia played its part in resisting any move towards the plutonium economy. [More…]
The first is the damage to the economy that would be caused by unrestricted uranium mining and uranium export. [More…]
Once uranium reaches the export stage, the harmful impact on other sections of the Australian economy continues. [More…]
Is the Australian economy so strong that we can deny ourselves the clear economic benefits that would flow from the mining and export of uranium? [More…]
That industry also would give a tremendous fillip to the Aborigines in the area in that they could work in such a tremendous commercial setup which would have the effect of rehabilitating the port of Darwin and the city of Darwin, as well as the whole economy of the Northern Territory. [More…]
Our first priority must be to make our own economy healthy. [More…]
It has a Treasurer (Mr Lynch) who speaks frequently and at length on the economy but the people believe only 14 per cent of what he is saying. [More…]
It has an effect on the economy because of savings in freight and the capacity to move freely around the country. [More…]
It is vital to the economy of this nation that we have the most efficient and cost-effective transport system that it is possible to achieve. [More…]
It will add to inflationary pressures in the economy, and it will put at jeopardy the jobs of thousands of meat workers, particularly in country areas where alternative employment is difficult to find. [More…]
I do not think one should take lightly the statement made by the Premier of South Australia, because it will have a tremendous bearing on the economy of South Australia, on whether an enrichment plant, if one is to be developed, should be developed in South Australia and on whether the mining of uranium should be allowed in South Australia. [More…]
It will not affect the Commonwealth Government’s capacity to manage the affairs of this Commonwealth or the economy of the country properly, effectively and firmly. [More…]
Figures are available on the financial burden which alcoholism is placing on the national economy. [More…]
Firstly, the Commonwealth Government has specific responsibility for management of the economy. [More…]
That has exacerbated the position and has done more harm to this economy than anybody else could have done. [More…]
Any agency, any body which the Government could axe would give a semblance of credibility to its economy measures. [More…]
It is our objective to increase our aid commitment as far as we can possibly do so, keeping in mind the fact that we have to run the Australian economy, deal with the numerous social welfare problems that we have in Australia, as well as pull our weight internationally and assist those countries, many of which are far worse off than ourselves. [More…]
The rationale put forward by the Government for this decision was that it was part of its drive to achieve greater efficiency and economy in the Public Service by minimising the number of commissions and statutory bodies. [More…]
I make this point because I believe that devaluation was a disastrous decision from the point of view of the management of our domestic economy. [More…]
The very fact that it is said that it has that effect on the domestic economy means that it is very much tied to our domestic economy. [More…]
Some of the reasons given are for economy in the conduct of the Agency and for economy of staffing. [More…]
The momentum, the downward turn of the economy had become even worse by the time we came into power. [More…]
As I shall reiterate later, the real effectiveness that can be engendered by a government in the amount of money forwarded for aid programs will in fact depend on the strength of the economy at home. [More…]
The best foundation for a growing Australian aid program is a healthy Australian economy. [More…]
The first priority of this Government is to get the economy moving again on a sound basis. [More…]
What Australia does in relation to uranium will influence every decision it makes on the economy, on defence and foreign affairs, on equity and on the distribution of income. [More…]
We must ensure that there are people in this country working to develop its economy and its defences and that the work effort of those people is able to be provided towards the benefits of the aged population and towards the education of the young. [More…]
The other matter spoke in generalities of the economy. [More…]
Intervention by governments in the workings of the market economy will increase because of the conflicts between - [More…]
The economy was originally item No. [More…]
Anybody can raise such difficulties in a mixed economy. [More…]
Some of the price increases caused by devaluation are probably still to be fed into the economy. [More…]
Understanding of population dynamics is essential for sound planning of every aspect of the economy. [More…]
1 ) Does the Government have targets for any of the various types of income distribution such as income shares between (a) wages and profits, (b) sectors of the economy and (c) the various levels of personal income. [More…]
after a government review aimed at achieving economy in administration. [More…]
Therefore the objective seemed to be to try to point to difficulty after difficulty that ought to be resolved by the administrative machinery that is available and that could be resolved by the administrative machinery that is available if only people had a will, a wish and a determination to make it work in the interests of all Australians and in the interests of all the constituents of all the members of this House, including those who are laughing and who think that the matter of the economy in Australia is a matter for sheer humour. [More…]
It needs to be understood that as the economy grows the States’ share of personal income tax under Stage 1 will, of course, also expand- as in the case, for example, with State payroll tax and stamp duty. [More…]
His third point was the convening of a national conference to discuss all economicpolicies, to discuss the ‘whole question of the future course of the Australian economy’. [More…]
The Government has severely eroded the system of wage indexation which brought to the economy a substantial slowing down of the underlying rate of inflation and a very high degree of industrial peace. [More…]
In this way, it is possible to indicate the annual rate of productivity change in the national economy. [More…]
Honourable gentlemen need to understand that it is not possible for governments to go on absorbing a larger and larger proportion of the real resources of this country and to expect to have a healthy economy which can provide employment for those who want to work. [More…]
Therefore, in the face of those developments, would not any suggestion that wages should be frozen mean that the wage earners of Australia are to carry the burden of readjustments in the economy and that their standard of living will be decreasing? [More…]
Such controls would do much to hamper the economy. [More…]
I take the opportunity to say also that we are continuing to enforce the strictest rules and regulations in respect of quarantine generally, because if blue tongue or foot and mouth disease were to enter Australia this would spell disaster for the economy and for whole sections of the Australian community. [More…]
The Prime Minister (Mr Malcolm Fraser), in a major address to the nation on television 2 weeks ago regarding the state of the economy, said practically nothing about unemployment. [More…]
But first it should be stated that the Opposition when in government created massive unemployment and wrought long term damage on the Australian economy. [More…]
That proposal was canned by the previous Labor Administration in the interests of so-called economy. [More…]
Under existing income tax rules, businesses are paying taxes out of what amounts to no more than paper profits and this has limited, and in many cases depressed, the general level of business activity within the economy. [More…]
Reintroduction of the instalment system will contribute towards evening out swings in liquidity in the economy within any financial year and thereby add to the efficacy of financial management. [More…]
It is a question of scale of economy as to whether or not the Government sees fit to do it. [More…]
The use of computers and associated services in both the public and private sectors of the Australian economy seems certain to increase at a rapid rate. [More…]
I have used the simile before and I use it again: Any economy is like a bucket of worms and anything that stops it turning and shifting and new people coming into replace the old and tired people going out is bad for the industry in the end. [More…]
Recently the Canadian Government decided to stop the rate of unemployment which was affecting this section of its economy and moved very swiftly and surely, to the extent that it now has a 20 per cent import content and an 80 per cent local manufactured content. [More…]
The question therefore resolves itself into the following considerations: Is this cost excessive in relation to the value of the industry’s contribution to the Australian economy? [More…]
This brief examination reveals that this industry’s net contribution to the Australian economy in 1971-72 was 4 times the cost of protection. [More…]
The contribution to the Australian economy has increased to 6 times for the 1975-76 financial year. [More…]
Whilst the figures for the 1971-72 financial year may be considered low in relative terms, there remains the undisputed fact that the industry is making a net contribution to the Australian economy which is considerably in excess of the imputed cost of protection. [More…]
Many overseas countries, particularly the United States of America and West Germany and, of course, some of the Asian countries, have the benefit of the economy of scale principle. [More…]
Australia would be extremely disadvantaged if it sought to be self-sustaining because it lacks that quality- the economy of scale factor or characteristic. [More…]
In any event the market prices would be phenomenal if we did not take some benefit from overseas economy of scale factors. [More…]
I am sure that as the phasing out period takes effect continuing scrutiny will ensure that the various parties respond to their own responsibilities in the matter and eventually within an orderly economy this demand on the taxpayers’ money may not be as great as it is presently. [More…]
All of this suggests that the new bounty scheme could cause the industry to cease operation unless markets can be found, perhaps overseas, to lend an economy of scale to the exercise. [More…]
Certainly one can look to an increase in price for the smaller tractors built in Australia unless such economy can be found. [More…]
All the classic arguments are to be found in all the economic treatises that have been written about the Australian economy, but it seems to me from this point of view that a fundamental mistake was made in the extent of the bounty paid and of the tariff protection and the like. [More…]
The crucial question is that of the plutonium economy. [More…]
The same concern has been central to President Carter’s decision, announced last week, to abandon within the United States the development of a plutonium economy, and to insist that United States nuclear materials and technology will not be supplied to any other country where the result of that action would be the development of fast breeder reactors and an increase in the availability of plutonium. [More…]
President Carter may well be remembered for his warning that the plutonium economy could bring about an endless night. [More…]
Is the Aus.tralian economy so strong that we could deny ourselves the clear economic benefits that would flow from the mining and export of uranium? [More…]
It will be to our economy what oil has been to the Arabs. [More…]
What a drain on our overseas balances and on the economy of this country. [More…]
It could earn for Australia $3 billion a year and thus offset the great drain on our economy or on our overseas balances for oil. [More…]
They are not concerned about a national conference to talk about the economy, wages and prices. [More…]
I might say, however, that given the Government’s recent attempts at managing-perhaps mismanaging is the more correct word- the economy through a number of ad hoc, regulatory and interventionist measures, the free enterprise business community might be forgiven for wondering whatever happened to the Liberal Party’s commitment to the market. [More…]
This is hardly a natural outcome for proponents of the free market economy, but I will return to insurance. [More…]
These include such things as the criteria to be fulfilled by firms wishing to enter the industry, the application of the restrictive practices legislation to the insurance industry, the extent of foreign ownership and its implications for the domestic economy, general management efficiency and increased means of protection for policy holders. [More…]
The general investment policies of life insurance companies are of great importance to the economy as a whole as well as to the policy holders of individual companies. [More…]
It is in the interests of all sections of the economy that these large amounts of capital be invested in the best possible manner. [More…]
A steady program of property investment over that period, instead of the mad scramble of recent years, would have greatly benefited both the life offices’ policyholders and the national economy as a whole. [More…]
Real household disposable income is one area of the Australian economy in which the Opposition has been guilty of distortion after distortion after distortion. [More…]
I instance that as just one area of the economy in which the point that I am taking is very much reflected. [More…]
There is one area in which innovative programs could be introduced by the Government which will enable savings of funds, which will enable community need to be met, which will enable some stimulus to the economy and which will enable voluntary organisations to participate to the full. [More…]
In recognition of the fact that we need time, we have introduced this Bill to bridge the gap for one year so that proper consideration can be given to the matter, unlike the hasty programs which the last Government jumped into with the devastating results on our economy that we have seen. [More…]
Having said that I think I can point to it as being of very significant importance to the economy of this nation. [More…]
Those people know that in the far outback of Queensland there exists a water conservation project which is very critical to the economy and to the provision of water to the community of Mount Isa. [More…]
Now, when the Government is seeking as the receiver of the national economy to try to do something about the situation the unions have torpedoed the first consensus we have obtained probably in national history on a very important issue. [More…]
The person is the temporary honourable member for Macarthur (Mr Baume) who, in an article in the April issue of Quadrant, signed ‘Michael Baume’, when talking about the state of the economy in Australia at the present time and what the Government has done, said amongst other things: [More…]
In its March issue, speaking about the economy and the Government, it says, amongst other things: [More…]
It would certainly spell desperate trouble for the economy: among other things, the near certainty of another devaluation, and thus a further push to inflation. [More…]
The restructuring of Health Insurance should clearly have waited until inflation was on the way to being defeated and until the economy was back on the highway of growth. [More…]
-The honourable gentleman, who has become well known for his constant probing of this aspect of the Australian economy and recent economic developments, continues to seek to be as destructive on this issue as, in fact, he has been before. [More…]
That organisation said: … we were able to confirm that the recovery in business activity in Australia is now clearly under way in spite of exaggerated claims in the Press that all kinds of doom and disaster would overtake the economy because of the devaluation. [More…]
This campaign, led by the Treasurer and the Prime Minister (Mr Malcolm Fraser), was the ultimate exercise in talking down the economy. [More…]
It was an orchestrated appeal to fear, playing on the ignorance most people have of the technicalities of the way an economy functions. [More…]
It is no wonder that when the Treasurer accuses others of talking down the economy it is impossible to take him seriously. [More…]
All that that 2.3 per cent depicts is that the effects of devaluation are seeping into our economy because of very sluggish retail sales rather more slowly than was expected. [More…]
Such a decline has obvious ramifications for the economy, and especially for small businesses. [More…]
The Government’s approach to the economy is totally wrong. [More…]
The Prime Minister obviously does not understand the problems the economy faces and has no ideas for remedies. [More…]
No one who understands how an economy works could possibly suggest such a plan without first working out the details-getting the necessary support from employers and employees. [More…]
The best way in which to get the economy moving in this country and to get people back to work is to stimulate consumer spending. [More…]
Very little the Government has said or done suggests that it sees the basic structural problems in the economy which cannot be overcome by macro policy initiatives. [More…]
The Opposition, unlike the Government, has discerned many of the real problems facing the economy and has viable plans to combat them. [More…]
-I listened with interest to the honourable member for Adelaide (Mr Hurford) put forward the Opposition’s views on the economy. [More…]
It might be all very well for the Opposition spokesman on the economy to say that all we have to do is aggressively to sell bonds. [More…]
In this circumstance, he will get the same security but the interest rate he will receive will be a matter of how the economy performs. [More…]
I believe that there is a basic belief in the Australian community that the economy will come right. [More…]
Australia has too many great resources for the economy to do anything else. [More…]
If these goals are achieved 1978 should see a significant upturn in the Australian economy. [More…]
I remember that a person who had great skills indeed in the management of the economy of Australia used exactly the same phrase except that he meant it and he worked toward it and he achieved his objective. [More…]
It would certainly spell desperate trouble for the economy: among other things, the near certainty of another devaluation, and thus a further push to inflation. [More…]
The restructuring of Health Insurance should clearly have waited until inflation was on the way to being defeated and until the economy was back on the highway of growth. [More…]
For the first time trade unionists were to be recognised as a responsible and an integral part of the Australian community and all the things it stands for and the Australian economy. [More…]
The union intransigence to accept the spirit of the plan is based not upon fact or concern but upon an insatiable ambition to clobber our economy to death. [More…]
One of the things that concerns me in this area is that if the economy is to revive it is necessary that there should be confidence in all sectors in investment, in business and amongst the consumers. [More…]
What we do not see in the Government’s discussion of the economy is the effect that this has on the Australian economy. [More…]
We only have to go back to the end of November last year when the Treasurer (Mr Lynch) was making certain comments on the economy and when Mr Hawke offered that same sort of deal to the Government. [More…]
The Board has the duty ‘to examine the business of each department and ascertain whether any inefficiency or lack of economy exists’ and ‘to maintain a comprehensive and continuous system of measuring and checking the economical and efficient working of each department, and to institute standard practice and uniform instructions for carrying out recurring work’. [More…]
These factors in turn thwarted investment in key sectors of the Australian economy. [More…]
The nonfarm sector of the economy grew in real terms by over 5 per cent in the year to the December quarter 1976, more than recovering the 4 per cent decline that took place under the last 21 months of the Labor Administration. [More…]
This is a major indicator of growth in the economy. [More…]
Although there are still weak points in the economy, I feel that there is a sufficient number of promising indicators to suggest that the Treasurer is quite entitled to think that the economy is emerging from its recession and that the basis for future growth and stability in Australia is being steadily secured. [More…]
They indicate to me the kind of restraining policies that have been successful in turning the direction of the economy to one of growth. [More…]
I urge the Government now to investigate the possibility of introducing a change of emphasis in its monetary policy further to enhance the prospects of the economy, which quite obviously is now on the mend with at last both inflation and unemployment showing distinct signs of improvement. [More…]
The economy must be encouraged to expand and this means providing incentives within the private sector to produce and consume. [More…]
Apparently the Fraser Government is determined to cause industrial unrest, obviously as a cover-up for its own ineptitude in handling the economy; but I would like to emphasise that it would be a great tragedy if this unquestionably successful scheme for union training is allowed to be sacrificed for this devious purpose. [More…]
The honourable member for Mackellar (Mr Wentworth), who sits next to the honourable member for Denison, has clearly criticised the Government on its handling of the economy. [More…]
The only item on the agenda was the second phase of federalism, and that really had nothing to do with coming to grips with the problems that irk the economy at the moment. [More…]
When one listens to the speeches of honourable members opposite one realises that even those 3 years when they were in government- disastrous though they were- have taught them nothing about the operation of a sound economy and the benefits of such an economy to the whole of the Australian people. [More…]
This has been done at some cost to popularity because under these circumstances responsible government has to take action which is not popular and I hope that this Government has the courage and determination to continue to take that action until such time as the economy of this country is back to where it ought to be, that is, in a reasonably prosperous condition for the benefit of all Australians. [More…]
We have not had to borrow the money because of the economic restraint that has been placed on the economy by this Government and which has been criticised so roundly and solidly by the Opposition. [More…]
The progress is slow, which is understandable when one thinks of the way in which the Labor Government wrecked the economy during its 3 years in office. [More…]
People have had to be assured that the present Government can restore the economy. [More…]
The Appropriation Bills now before the House will allow the Government to continue the successful progress upon which it has embarked, ultimately to get the economy of the country back on a sound basis, to the benefit of every Australian- a benefit which a country having the natural resources that we have should be enjoying. [More…]
I am surprised that the Opposition has not recognised the necessity for the improvement of our economy for the benefit of all people. [More…]
The people who are most adversely affected-I heard this phrase used earlier-by a disrupted economy are the people in the lower income bracket. [More…]
It is because of that that we have continued to try to provide an economy which will enable the living standards of this country first of all to be stabilised and then improved. [More…]
I support the Appropriation Bills now before the House I hope that, through them, the Australian people will realise what a good job this Government is doing and that they will have the sound common sense to keep this Government in office for years to come so that the economy may be returned to the condition in which it ought to be to enable Australians to enjoy the standard of prosperity that our resources should enable us to enjoy. [More…]
In November 1976, the industry accounted for about 11 per cent of the total unemployed in the economy, well above its share of the labour force which is about 8 per cent in direct employment terms. [More…]
The Budget measures for 1976-77 were largely responsible for the depressed state of the building and construction industry and the economy as a whole. [More…]
I would warn against any undue optimism about a recovery in the building and construction industry or the economy as a whole that is based on the mining industry. [More…]
For that reason we must be very sceptical about a mining boom reversing the fortunes of the construction industry and, I stress, the economy as a whole. [More…]
This philosophy has reduced the Government’s options at a time when it is dedicated to reducing the Budget deficit and restoring the economy. [More…]
I believe that the next 9 to 12 months will determine whether the Australian economy, which is poised on a knife edge, goes forward on the basis of sustainable economic growth over the years ahead or whether between us all we make such a mess of things that the well-being of the nation and of each and every Australian citizen receives a major setback from which it will take many years to recover. [More…]
Let us look at just what are the facts in relation to the state of the economy at present. [More…]
Opinions will and do differ on this, but if we look at the picture objectively there is no doubt in my mind that the economy overall is now trending in an upward direction, pursuing a moderate rate of expansion. [More…]
The outlook of course varies between different sectors of the economy. [More…]
We are witnessing at the moment to some extent part of the continuing process of adjustment which is always going on in any economy. [More…]
The most accurate indicator of the underlying trend of inflation in the economy is the gross domestic product price deflator. [More…]
Confidence is returning to the Australian community and so it should, given the improvements in the economy which have taken place over the past 15 months. [More…]
It is significant that in his second reading speech on this legislation the Treasurer makes no reference whatsoever to the wage-price freeze, to its effect on the additional estimates for the Government departments which we are now debating, or the effect on the general economy of the so-called savings- this new gimmick that the Treasurer has introduced- mentioned in these sorts of debates. [More…]
Of course, both of these Bills revolve around the economy and they typify the excellent way in which this Government is handling the economy in the face of much criticism that seems to be levelled at it quite unfairly. [More…]
Only recently I was reading an article on the economy by an American professor of economics. [More…]
When an irresponsible government has run such a large deficit and pumped all that money into the economy, it would be soul destroying for the people of Australia if, all of a sudden, this Government tried to balance its Budget a year after such accumulated deficits existed. [More…]
The point I bring to the attention of those people listening is that because we have this excess capacity available in our manufacturing industries our manufacturing industry and economy can stand up to a great deal of expansion, which is non-inflationary because the capacity is already there to produce goods and services. [More…]
I urge those business people listening tonight please to accept the confidence of the Government that the economy has a great future. [More…]
This Government is not facing up to the difficulties of the Australian economy. [More…]
In my view, to think that that simplistic sort of solution is possible shows that ignorance of the Government about the fundamental problems that beset the Australian economy at the moment. [More…]
I am sure they would like to get a proper wage and do something that is creative, constructive and useful for the future of the Australian economy. [More…]
I never believed that the Australian economy was as bad as it was painted, but honourable members opposite painted it that way to get into office. [More…]
So much of what the Government spends is essential to the private sector of the economy. [More…]
If the Government undertakes programs of spending on, for instance, a national sewerage program, roads, harbour improvement or broadly on construction programs, that money goes into circulation in demand in the economy. [More…]
There are demands for commodities which are needed to build the buildings or to lay the roads and the myriad of other things which have to be done, and these things strongly multiply through the economy. [More…]
The private sector has suffered more severe body blows as a result of a succession of decisions by the Government to curtail government expenditure than has any other sector in the economy. [More…]
When this sort of thing is done one finds a substantial difference in what really is the deficit or the printed money, to put it in common terms, that is put into circulation in the economy. [More…]
Allowing for these things and allowing for the importance of the Budget and the deficit- the government spending, if you wish, to support the economy and especially the private sector- I find it gravely disturbing to observe the inspired leaks which have been reaching the media in recent weeks. [More…]
What are the implications of that in terms of the effect on the economy? [More…]
The point I want to stress is that it is completely ill advised of the Government, given the conditions of the economy, to protract the recession that this country has been suffering for so long. [More…]
But that has not happened at all in totality within the economy. [More…]
or M1, or M2 were some sort of precise measure of the volume of the money that is actually in the economy. [More…]
The fact is as the Opposition spokesman on economic matters, the honourable member for Adelaide (Mr Hurford), has pointed out on more than one occasion, the economy could easily bear some increase in the level of real deficit. [More…]
It needs badly some increase in the level of government spending, if for no other reason than to support more successfully the private sector of the economy. [More…]
Some selective rearrangement of expenditure within the government sector would have great benefit to the economy. [More…]
The Government has never stopped to reflect on the undermining effect the investment allowance would have on the economy if it were to be notably successful. [More…]
As the honourable member for Adelaide pointed out, the implementation of employment creating projects, supported by government expenditure, is another way in which to help the economy and the private sector at the present time. [More…]
These are the sorts of things which ought to be taken up if the Government is genuine about injecting some sort of healthy vitality back into the economy. [More…]
The Government has always considered that joint ventures have made a special contribution to the economy of this country. [More…]
The Fraser Government’s massive cutbacks in government expenditure have meant a higher budget deficit without a corresponding stimulus to the depressed areas of the economy. [More…]
-It is comforting to know that at least this side of the House is aware of what is happening in the Australian economy and is prepared to pose questions that relate to economic developments at the present time. [More…]
How is it to aid the economy as a whole? [More…]
Investment in such a program now would be a practical means of working towards a solution of the long term problems confronting the economy as well as substantially alleviating the short term problems. [More…]
Equally, attempting to isolate one sector of an economy from the effects of anti-inflationary policy under the guise of correcting an accounting problem is to be treated with caution. [More…]
Efficiency in government spending does not stop at supervising public sector expenditure; it also means that concessions given to specific groups in the economy must be seen to be given in a fashion which leads to maximum return in social or economic terms for society as a whole. [More…]
But unhappily the restoration of the massive imbalances in the economy that occurred, as I have said, under the previous administration cannot be done quickly. [More…]
The stage has been reached when it has to accept the responsibility for the present state of the economy. [More…]
The economy was in such a position that employment was not offered. [More…]
Only if that share is increased can we get investment back into the economy and, through investment, greater economic activity, which in turn will lead in due course to a higher level of employment and a lowering of the present unemployment levels. [More…]
Fortunately at last it seems that public attention is being directed to the importance to our economy and particularly to the manufacturing and export sections of transport costs. [More…]
I am equally concerned about the implications the report might have for the Tasmanian economy. [More…]
Was he threatening to destabilise our economy, as was done in Chile, Greece and Guatemala, or was he threatening to arrange for the Central Intelligence Agency to organise a coup of some kind as it had done after the completion of destabilisation of Greece, Chile, the Congo, Iran and other countries? [More…]
Following the devaluation of the dollar on 28 November 1 976 the Government took a number of measures, including monetary measures, directed at preserving the gains for the economy flowing from devaluation. [More…]
It is also consistent with the basic thrust of the OECD Survey of the Australian economy of which several elements remain relevant: indeed the Survey drew attention to the consistency of our policies with the OECD medium-term economic strategy. [More…]
However, I hope Australian customers will realise that it is not only in the interests of the national economy but also in their own interests that they buy Australian. [More…]
He said he would tell the Prime Minister, Mr Fraser, later this week of a plan which he claimed would assist greatly in overall recovery of the economy. [More…]
We should offer them the opportunity of bringing their wives to New York and we should pay for their economy class travel, which is how the parliamentary advisers travel. [More…]
In relation to economy class fare, I cannot support too strongly the view of the Prime Minister (Mr Malcolm Fraser) who has said that Department of Foreign Affairs officials ought to travel overseas on economy class fares. [More…]
They should not expect to be given first class fares when members of the national Parliament are quite prepared to travel overseas on economy class fares. [More…]
There is a strong and complex interdependence between manufacturing and other sectors of the economy. [More…]
Manufacturing industry constitutes an important part of the Australian economy. [More…]
The Government is, however, conscious of the problems which short term measures directed towards a particular industry can create elsewhere in the economy and will exercise the closest possible control over such policies, including limitations as to their duration, consistent with the objective of minimising disruption. [More…]
These policies will form part of a broader framework of policies aimed at fostering the growth of the economy as a whole so as to create a climate in which new opportunities will exist for business initiatives and employment. [More…]
As I warned during the Budget debate of last year, it was a false economy for the Government to cut back on research and development in this country. [More…]
I welcome the change which reflects the nature of the Australian economy but still provides for a merger law in the public interest. [More…]
It recognises in part the nature of the Australian economy. [More…]
Often the function of import competition and its place in the economy is overlooked. [More…]
But one has to remember that monopolies or companies with large market shares and in dominant positions in the Australian economy by and large have to apply to the Prices Justification Tribunal or are subject to its general overview in relation to their prices. [More…]
So there is in fact a profit control over many companies that have substantial positions in the Australian economy and which have perhaps a position of dominance in terms of section 50 of the Act. [More…]
Hence there will be no need for a price increase and, accordingly, there will be a benefit for the Australian economy and community at large. [More…]
I am told that 87 per cent of all travellers out of Australia travel economy class and most of the balance are public servants or people who are travelling on someone else’s account. [More…]
If it is good enough for private members of this Parliament and for their wives to travel economy class, as most of us do, it is good enough for public servants to travel economy class too. [More…]
Never at any time did I say that public servants ought to be given the right to travel first class when they went overseas when the ordinary taxpayers whose money provides them with their flash salaries and their rich superannuation schemes and the like are, of course, the ones who have to travel economy class. [More…]
We travel economy class and so do our wives. [More…]
However, in recent years, the rate of inflation has been determined largely by factors affecting the economy as a whole, rather than such imbalances. [More…]
Modern macroeconomic policy tools do provide some flexibility to take account of differences in demand conditions in different parts of the economy. [More…]
Disadvantages arising on that score must, of course, be judged against advantages flowing from devaluation, notably to the export and import-competing sectors of the economy. [More…]
If so, does Kim II Sung claim that all is well with the North Korean economy. [More…]
The address summarises progress achieved in the North Korean economy during 1976 and claims that 1976 witnessed the complete fulfilment of North Korea ‘s Six Year Plan. [More…]
However, the address also draws attention to areas of the domestic economy needing particular attention during 1977. [More…]
The’ Government consistently has made its position clear about devaluation and the benefits that will flow to the exporting and importing competing sectors of the Australian economy. [More…]
It has also consistently made clear the fact that there will naturally be lag times involved before these benefits are in fact perceptible throughout the Australian economy. [More…]
I think the honourable gentleman will be well aware that, largely for reasons of economy, when I have to travel overseas I do so by commercial airlines. [More…]
Our export importance is, however, far more significant than this in many commodities crucial to the world economy. [More…]
The quadrupling of oil prices brought a new realisation of the importance of energy in the world economy. [More…]
The world needs to replace the demand which idle surpluses of the Organisation of Petroleum Exporting Countries have subtracted from the world economy. [More…]
At the same meeting the continued fragility of the world economy was stressed. [More…]
As honourable members on this side of the House said when the expenditure cut was made in the 1976 Budget, that cut was a false economy. [More…]
In its submission to the recent national wage case the Government argued that devaluation effects on the consumer price index should be treated, for wage indexation purposes, in the same way as indirect tax increases in order to preserve the gains to the economy flowing from the changed exchange rate. [More…]
We should in these circumstances minimise as far as possible any action which would reduce the benefits conferred by devaluation on the competitiveness of the Australian economy . [More…]
Instead of the spirit of the legislation introduced by the Labor Government in 1974 being observed, and that was a spirit of generally proscribing behaviour which is deemed to be anti-competitive and not in the interests of the Australian economy, we are now getting back to putting some sort of behaviour into a preferred position whereby companies, simply by giving notice, can give themselves the advantage of an automatic authorisation, formerly a statutory interim clearance. [More…]
That is a terribly important distinction because there is a great deal of behaviour in the Australian economy which is objectionable. [More…]
The scheme of the Act, if I need to go over it again, is to set out general prohibitions and then to charge the Commission with the administration of that law; to develop guidelines in the nature of a dynamic economy and new concepts as they emerge, and to have regard to the particular concerns of markets. [More…]
As the honourable gentleman himself would argue very robustly- and I agree with him- ultimately it is for the Parliament and governments to be responsible for trends in the economy. [More…]
The Minister knows that since he has been the Minister responsible for the IAC he has sent off a couple of letters to that body which merely refer in similar tones to the Act itself how the IAC will conduct itself in bringing down its recommendations, taking into account the economy, employment and so forth. [More…]
The unions are well aware that the economy is falling and failing and in particular does not need prolonged and bitter industrial warfare. [More…]
Honourable members on this side of the chamber are aware of the difficulties in working out price discrimination laws, but they have advantages in the relatively medium term in restructuring the Australian economy on a more soundly competitive basis. [More…]
I should like to recall to him the words that he threw back at us in February about what an obstruction this had been to the development of price flexibility in the Australian economy. [More…]
In so many goods and services, whether it be the communication of ideas by the takeover of country radio stations and country newspapers by big monopolies or in relation to the milling capacity of sugar mills in concentrated areas of Queensland, in all these significant areas of the economy, the Commission has stood fast against encroaching monopoly which has been attempted to be effected through mergers which have offended the existing section 50 of the Act. [More…]
Economy: Increases in Indicators (Question No. [More…]
Certainly I agree that Broken Hill has made a magnificent contribution to the Australian economy over a long period of time. [More…]
Is he aware that a further reduction in the real level of resources going to wages and salaries would result in a further faltering in the weak level of demand activity in the economy and would have undesirable effects on the overall economic performance? [More…]
The whaling station I mentioned is important to the local economy of the area where it exists. [More…]
Over the next few weeks when the Government is increasing the tempo of its preparations for the Budget one vital area of the national economy that will need careful Government attention is the depressed small business sector. [More…]
Obviously the Australian Government’s interest must be increased not only because of the implications to the national economy of the ailing small business sector but also because there is a profound humanitarian side to the problems of small business. [More…]
While we have such an inept and incompetent Government in Australia, while the economy is in the mess into which the Government has brought it and while we have a Prime Minister who trips off overseas- not on an Australian airline, but on a foreign airline- when the country seems to me in one heck of a mess, when a national wage case decision has been made only 2 days previously, when the Parliament is still in session and when members of the Australian Labor Party are calling daily for some leadership from the Prime Minister and the Government to solve the economic problems of the country - [More…]
It is clear from Sir Charles’s call earlier this year for the Fraser Government to increase its spending ‘by a modest amount’ to stimulate the economy that he now realises that the new federalism policy is a fraud. [More…]
Many major projects of vital importance to the State’s economy and development would have to be deferred or slowed down. [More…]
If the Australian economy is to recover these projects will have to get off the ground, backed up by positive road building programs, particularly in the north. [More…]
I ask honourable members to remember that I say this in the context of the Government’s present constraints on spending, with the present total financial thrust towards getting the economy under control with responsible government spending. [More…]
For the first time the legislation will deal with the abuse of monopoly power in a secondary boycott situation which affects business, wipes out business and adds cost to the Australian economy. [More…]
We are now half way through another normal parliamentary term and trends in the economy are worse now than 18 months ago. [More…]
But still the economy has deteriorated. [More…]
Inflation and unemployment are both worse now than when Labor’s policies were influencing the economy. [More…]
Its rigidity, its doctrinaire obsession with cutting back government spending, threatens to plunge the economy deeper into recession. [More…]
This is an appropriate time to compare the state of the economy now with the position when Labor’s 1975-76 Budget policies were still influencing it. [More…]
The Government’s handling of the economy has been so inept and inconsistent that the unemployed do not even have the dubious consolation that their suffering has been part of an effective plan to get inflation down. [More…]
In summary we see that after 18 months of Liberal-National Country Party Government the economy, in terms of trends in growth, in levels of unemployment, and in movements in consumer prices, is in worse shape than after Labor’s second 18-month term. [More…]
The economy will lie in its present morass at the bottom of the trough until the Government makes positive use of the public sector. [More…]
Suppose from this position the economy moves into a slump, that is, unemployment rises and output falls. [More…]
If the government then reacted to the deficit by cutting its expenditure, it would lower the overall demand for goods and services in the economy, putting more people out of work and widening, not reducing, its deficit. [More…]
The concept of a full employment Budget deficit is used by economists to estimate how much of a particular Budget deficit is a result of lost revenue and increased expenditure due to recession and how much is due to governments increasing their real share of an economy’s resources. [More…]
In the edition of the Australian Economic Review for the first quarter of 1 976, Barton, Derody and Sheehan published estimates of the full employment Budget position for the Australian economy. [More…]
That comparison puts the performance of the Australian economy into proper perspective. [More…]
Even one of” the arch proponents of the Government’s line on the economy, Philip Shrapnel and Co. Pty Ltd, found the Budget cuts in capital expenditure to be ‘major errors of economic management’. [More…]
If the reduction in the appropriation means a further reduction in capital works in the next 5 months it will be catastrophic for the economy. [More…]
It is interesting to note that despite the Government’s denigration of the role of public sector spending, government consumption expenditure is at the moment preventing the economy from going even deeper into recession. [More…]
The social and economic costs of continuing high unemployment threaten to cause permanent damage to the community and the economy. [More…]
The continuing interest of the Commonwealth in the quality and economy of the provision of legal aid in the Federal area will be given effect to in the following ways: Firstly, there will be a formal agreement between the Commonwealth and each State under which the Commonwealth will provide funds for the provision by the State legal aid commission of legal aid in the Federal area. [More…]
The first is that because of the growing complexity of the economy, which means that industrial disputes have an impact far beyond their immediate effect, quite often disputes involving small numbers of people will have enormous ramifications throughout the community. [More…]
Allowing for second and third round multiplying effects in the economy, up to 50 000 jobs . [More…]
It has got this country back on to the right economic track and it is now a government which can undertake to do things in the economy and see them through. [More…]
The Royal Commission report ranges over such diverse things as the development of the Island’s economy, whether cows and horses should be able to continue to roam across it, whether duty free status should be continued, whether there should be a law library on the Island; matrimonial causes, legal aid, a prison and law enforcement, racial discrimination, unionism and social services. [More…]
Throughout all this the economy has got worse. [More…]
The body best equipped and specifically empowered to hear the arguments and to weigh the evidence on the state of the economy gave a harsh and unambiguous verdict on the Fraser Government. [More…]
It declared that the freeze was not working; it declared that the economy is not recovering. [More…]
On the economy as a whole, the Commission’s judgment was brief and scathing. [More…]
The reviews of the economy presented to us on this occasion differed little from those given at the last National Wage case. [More…]
During the debate on the 1975-76 Budget we were told that overseas borrowings would be a disaster and that they would mean the ruination of our economy. [More…]
When questioned further in this chamber as to what would happen at the end of 3 months, how would these pent up price increases be spread across the economy and what would be the result, he again said that given goodwill and intentions surely the administrative machinery would find a way. [More…]
The economy of Australia now needs encouragement, not castigation. [More…]
One hopes that these Supply Bills will not be the precursor to a hard Budget, because a hard Budget is needed by the economy like a hole in the head. [More…]
Think what that would mean for the Australian economy. [More…]
I cannot follow the honourable member for Mackellar (Mr Wentworth) down the fascinating paths he embarked upon, except to comment that I think it is a moot point in a community whether the Budget balances the economy or the economy balances the Budget. [More…]
We then had to find a new category called tertiary to connote that primary and secondary did not indicate all the areas of employment available in a sophisticated economy. [More…]
It is time this Government began to acknowledge that it has been in office long enough now not to put all the blame for what is wrong in the economy- this is not the only economy in the world that has problems- upon the 3 years of Labor Government. [More…]
I cannot really think of anything substantive that has been done by this Government that has set the economy on any better road than it was on before. [More…]
I believe that the economy will right itself. [More…]
They afflict every Western economy in the world. [More…]
Of course, when one examines the funds that are being made available to the States for capital purposes one finds the real effect that the new federalism policy is having on the States and, indeed on the economy at large. [More…]
I put to one side my great concern about the problems which conceivably will arise in the medium and longer term in economic management with this fragmentation of fiscal control in the economy. [More…]
Of course, this is quite evident in the level of activity which the States have been able to undertake not only in crucial areas of the economy but also in crucial areas or regions of the States. [More…]
No wonder there is a severe contraction in the Australian economy at the moment. [More…]
Two of the most significant and important spenders in the economy whose spending is particularly appropriate at a time of recession- State government and local government, as well as the Australian Government, but this Bill deals with State government and local government- have cut back substantially their real spending. [More…]
Initially there was the promise by the Prime Minister (Mr Malcolm Fraser) that the Budget deficit would be reduced, predominantly by promoting a higher growth rate in the economy. [More…]
This approach to the economy, regrettably, was shelved very early in this Government’s history. [More…]
We all know that the only answer that this Government has had to the deficit has been the slashing of government spending and that the only effect that that slashing of government spending, along with other disastrous policies such as devaluation, has had on our economy has been to bring the economy to its knees even further and to create the unprecedented unemployment that we are suffering at the present time. [More…]
Estimates of activity in the economy for the next financial year, pessimistic as they are, have been based on there being full tax indexation. [More…]
I believe that what we require in that area is a year by year adjustment to see what has affected the economy ever the past 12 months. [More…]
The Commission recognises that a fertiliser subsidy has disadvantages but assesses these to be small relative to the advantages of maintaining encouragement for the use of resources in a relatively efficient sector of the economy. [More…]
It believes the desirability of bounty assistance should not be judged by reference to some ideal configuration of the economy or ideal form of assistance, but rather by reference to the existing situation and the likely practical alternatives. [More…]
Farmers are fighting to maintain their viability not because in any way they can be said to be inefficient but because of the forces, especially those of the international sphere, which are continuing to dominate the economy. [More…]
I remind the honourable gentleman of figures I have quoted before as to the strong points of the Australian economy. [More…]
Did Professor John Neville, who is one of Australia’s leading macro-economists, estimate recently that the 1976-77 Budget was likely to have a contractionary impact on the Australian economy of about 9 per cent in comparison with the previous Budget? [More…]
The Government recognises with a clarity and frankness that I admire that in the long term we shall have to face up to the problems of an economy that has to change. [More…]
If the economy does not change it will become like a proverbial bucket of worms that ceases turning and the results will be disastrous. [More…]
It has contributed to national security and has provided the economy with a diversified base. [More…]
They are industries which bring into this country great amounts of export income which is very valuable to the economy, but I repeat that even though they are very important they cannot compete for employment with manufacturing industries. [More…]
It is cold comfort to people whose jobs are threatened by disruptive tariff changes, violent changes, for somebody to suggest that in a more perfect economy it would be possible for them to transfer from one area of employment to another. [More…]
to report to the Attorney-General upon the functioning of legal aid commissions of States and Territories including the accessibility of those commissions to persons requiring legal assistance and the effectiveness and economy of the provision of legal assistance by those commissions; [More…]
Like all the Government’s promises on the economy, his statement fell far short of a commitment to full employment in principle: Nevertheless it was a promise. [More…]
The Fraser Government has ensured that unemployment is no longer a problem but a way of life in Australia- a growing cancer in the nation’s economy. [More…]
To run the Australian economy with an unemployment rate of 2.5 per cent means a loss of at least $ 1,000m in annual output. [More…]
At the current level of unemployment, that is, in excess of 5 per cent, the cost to the economy in lost production must conservatively be set as being at least $2,000m. [More…]
The Treasurer’s bewilderment and desperation with the state of the economy have led him in to a realm of metaphysics and obscurantism beyond the reach of rational argument. [More…]
The Australian economy is in the grip of a paralysing recession. [More…]
This year, after some 18 months of conservative coalition government, the condition of the economy has worsened. [More…]
In the face of these ominous indicators, the Treasurer (Mr Lynch) persists in assuring us that the economy is strengthening. [More…]
The Associated Chambers of Manufacturers of Australia and Bank of New South Wales quarterly survey of industrial trends, released towards the end of March, reported that manufacturers expected no improvement in the economy over the succeeding 6 months. [More…]
Towards the end of April prominent Melbourne stockbroker, Mr A. C. Goode, expressed bis irritation with the Government’s economic incompetence by publicly complaining that the Government’s severe restraints were stifling the economy. [More…]
A month ago, the Melbourne Institute of Applied Economic and Social Research forecast worsening unemployment and inflation and expressed concern about the health and direction of the economy. [More…]
Since then the Government has been busily spearing the economy head first into the ground. [More…]
Now is the time for careful budgetary stimulation to selected areas of the economy to relieve the social and economic stresses so unremittingly applied to our society and its people by the clumsy economic tactics of the Government. [More…]
With the high level of idle human and physical resources available in certain sectors of the economy, such as the construction industry, in its broad definition, careful stimulation can be selectively directed into the economy without fuelling inflation. [More…]
It will be an extremely laggardly, hesitant recovery that has to depend on a depressed, stifled economy, wracked by massive unemployment, to generate any appreciable increase in aggregate demand. [More…]
The unemployed are the casualties of the Government’s heavy cannonading of the economy. [More…]
This is a shocking record of greater sacrifice imposed on the community without achieving any progress in managing the economy. [More…]
In spite of the contracted, sluggish state of the economy and the obvious undesirability of contracting it further, the Government is clearly charting a course of more austerity. [More…]
It cannot possibly do that without belting the economy through the floor. [More…]
Allowing for the momentum that would inject into the economy, there would be jobs for more than 50 000 people because one could reasonably expect that a turnover would take place as mild expansion occurred and additional job opportunities were created through second and third round effects in other parts of the economy. [More…]
Before going through a number of the areas in which the economy has shown a significant pick-up, let me quote the remarks of people independent of the Government and outside of this House. [More…]
The Government’s economic policies, as reflected in the low March quarter’s inflation level, are proving successful and if the Government holds firm on its policies we believe that by September-October of this year the outlook for the Australian economy will be substantially more favourable. [More…]
But there will be no improvement in the unemployment position while the profit share remains as it is, while honourable gentlemen opposite preach concern and despondency about the Australian economy, and while the present level of wage indexation is feeding into prices. [More…]
If I wanted any help in running the Australian economy, I think the honourable gentleman would be the last person from whom I would seek it. [More…]
If it does not do so the world economy will be faced with precipitate and cataclysmic adjustments in the mid-1980s, the economic ramifications of which will be felt by developed and less developed countries alike. [More…]
Naturally, development of these uranium resources would have a much greater impact on the economy of the Northern Territory. [More…]
At the same time, however, the United States Government is seeking to restrain the development of the plutonium economy. [More…]
The possibility of premature development of the plutonium economy, with its implications for nuclear proliferation, could be avoided. [More…]
Not only would such an attitude by the Labor Party lead to tensions regarding resources but would also contribute to what President Carter and many governments, including the Australian Government, are seeking to avoid, namely, the more rapid development of the plutonium economy with the attendant risk of nuclear proliferation. [More…]
Is the Australian economy so strong that we can deny ourselves the clear economic benefits that would flow from the mining and export of uranium? [More…]
There are other wider questions of more farreaching consequences than the effects on the Australian economy. [More…]
The Minister says that the policy of the Opposition is to move the world closer towards a plutonium economy and that we should fall into line immediately with the policy of the United States of America to prevent this. [More…]
If, by denying our uranium to the world, we succeed in creating an artificial shortage of uranium, we will surely accelerate the introduction of a plutonium economy- fast breeder reactors and reprocessing. [More…]
The decision of President Carter on 7 April this year to halt the development of a plutonium economy has not stopped France or West Germany, nor has it stopped Iran’s search for a nuclear reactor. [More…]
The Australian economy has lost hundreds of millions of dollars due to this delay. [More…]
Justice Fox was not asked to make decisions on the development of the economy of the Northern Territory. [More…]
It is economy size hypocrisy! [More…]
The other point I made at that time and I want to repeat it as quickly as possible, is that the failure to provide uranium to power users will force the earlier arrival of the plutonium economy, which is the dangerous economy. [More…]
and (3) In my statement of 1 April 1976 on policy towards foreign investment in Australia I indicated that foreign investment in certain basic sectors of the economy, including daily newspapers, would be restricted. [More…]
1 ) What is the total single and return fare charged by Qantas for (a) first and (b) economy class air travel from Sydney to and to Sydney from the following cities: (i) Auckland, (ii) Honolulu, (iii) San Francisco, (iv) Singapore, (v) Rome, (vi) London, (vii) Manila, (viii) Hong Kong and (ix) Tokyo. [More…]
Has the attention of the Prime Minister been drawn to an advertisement in the Sydney Morning Herald of 1 1 August referring to the Prime Minister and in which a number of statements were made about the economy? [More…]
Applied to the Australian economy, would this mean that another 75 000 people would have to be thrown out of work to reduce inflation by one percentage point? [More…]
Does this analysis show that the Government will only increase unemployment and deepen the recession if it continues with its misguided efforts to beat inflation the quick way by contracting the economy. [More…]
They would put the economy back into the situation it was in during the depression years of 1974 and 1975. [More…]
Obviously, within the Australian trade union movement there are a number of acknowledged communists and a number of radical left wing union activists who have contributed significantly to non-industrial action which prejudices the recovery of the Australian economy. [More…]
Indeed, it can be seen as the logical development of a campaign of scapegoating that his Government has been pursuing with increasing vigour as the economy collapses around it. [More…]
There are a number of factors which prejudice the recovery of the Australian economy. [More…]
Let me quote from The British Disease by Professor G. C. Allen, Emeritus Professor of Political Economy at the University of London. [More…]
I hope, as we all do, that the British economy will recover, but those who see the harmful effects of some elements of the economy equally need to be listened to. [More…]
It is one of those elements which unfortunately have contributed to the rundown of the British economy. [More…]
I hope that the British economy is on the mend and that the optimistic forecasts of the British High Commission will be realised. [More…]
It is only the few; but, if we can correct the problems that those few have generated, I believe that our whole economy will be regenerated in a way which will contribute towards the realisation of what the Treasurer (Mr Lynch) will put forward in his Budget Speech tonight. [More…]
Having weakened the economy- deliberately wrecked it- and deliberately created record unemployment levels, they are now callously and deliberately imposing the burden of their inadequacies on the backs of workers- in particular, migrant workers in this country. [More…]
They have no impact on the domestic economy. [More…]
I acknowledge in this respect the important influence of the Minister for Foreign Affairs in Papua New Guinea in encouraging the Papuans and New Guineans and the Australian Government, which was the colonial administrator of the then Territory, to change the emphasis from an almost exclusive preoccupation with capital intensive development to one which tended to develop towards equal emphasis for labour intensive activity within the economy aimed at mobilising more traditional forms of economic activity. [More…]
The new tax system which I shall announce in this Budget has been made possible because of the efficiency and economy that we have brought to management of Government expenditures. [More…]
One is the Government’s overriding aim of lowering the rate of inflation and raising the level of activity in the economy generally. [More…]
The severe slump in non-dwelling investment during the first half of the 1970s has impaired the provocative capacity of the economy. [More…]
How does the Treasurer expect any consumer leading to occur in the economy to encourage a recovery when real disposable income, especially for the middle income groups in the community, is so savagely contracted in this way? [More…]
We believe those policies fail to apply the proper prescriptions to the grave problems affecting the ailing Australian economy. [More…]
The Government is treating the Australian people as fools in believing that it can buy their votes in the short run, assuming that our fellow citizens do not think deeply about issues and do not worry about our ailing economy, including our unprecedented rate of unemployment, and in believing that the people will not choose policies which are correct in the long run and not just temporary, mainly illusory palliatives in the short run. [More…]
That is the stark tragic picture of our economy, painted in the only terms which are meaningful and proper in terms of the effect on peoplefellow residents of this island continent of ours. [More…]
In this context I pay tribute to the many churches in our midst which are drawing to the attention of all of us the need to forget selfishness and to concentrate on making jobs for the unemployed and to care adequately for those who are damaged by these fluctuations in our economy. [More…]
The most important feature of the proposals we know about is that they will not have an expansionary effect on our economy, designed to increase the level of economic activity. [More…]
On the contrary, they will have a contractionary impact on our economy. [More…]
As far as we can analyse now, the latest proposals will have a further depressing effect of about 5 per cent on the Australian economy. [More…]
Once again, we cannot look to a reduction in the rate of savings with some hope for that demand which would bring our economy back to the level of activity which would put people back in to work. [More…]
This will not improve the rate of investment in our domestic economy in order to reduce the level of unemployment. [More…]
The honourable member for Adelaide also spoke about fluctuations in our economy. [More…]
I do not think there is anyone in this House or anyone who understands the working of our economy who seriously expects that unemployment which now worries us all can be banished overnight, no matter how determined we are that it should be. [More…]
Firstly, they relate to the underlying structural changes in the economy to which the honourable member for Adelaide referred and to which we all, or anyone in this House interested in economics, have referred from time to time. [More…]
One salient fact that needs to be recognised when we talk about fluctuations in the economy, even when we have soundly based economic management and favourable trade patterns, is that we need to eliminate the structural problems and to harmonise the rate of technological change with the rate of retraining in order to try to minimise the peaks and troughs of the employment situation in future. [More…]
The Minister for Productivity has suggested that things will be difficult but will get better as a result of the unique- I do not dispute the use of that word- handling of the nation’s economy by the Government. [More…]
I repeat that it is rubbish to expect any climb down with the sorts of rates of growth that are being projected by Treasury forecasts for the economy this year. [More…]
So we had last year a real rate of growth in the economy of Vh per cent. [More…]
Last year the economy nearly achieved that rate of growth. [More…]
It scarcely moved in the course of the second half of the financial year, when the full severity of the economic measures implicit in last year’s Budget started to bite into the economy. [More…]
They have made a mess of the economy. [More…]
We can only assume that the tactic being adopted by the Opposition is to put the two of them together so that we can assess them as to their merits as spokesmen for the Opposition on the economy. [More…]
But when we look at the provision of jobs in our community, in our work places and in the economy as a whole we must look at the price that it raises in the economy. [More…]
The emphasis that this Government has introduced in the NEAT scheme is to have people undergo shorter courses with relevant onthejob training which fits people for jobs that exist in real companies in the economy. [More…]
They ignored their own disastrous mismanagement of the Australian economy which produced the very problems which this Government has been grappling with and gradually overcoming. [More…]
It is pointed out that at one level it has become evident that real progress by the developing countries depends not simply on maximum internal effort and optimum external assistance but on basic changes in the structure and dynamics of the international economy. [More…]
One of the areas in which there has to be basic change in the structure and dynamics of the international economy, of course, is this very tender area of trade and tariff negotiations. [More…]
Those citizens of Jordan, who are well integrated into the Jordanian economy, presumably also have rights as Palestinians. [More…]
Israel’s armaments may be stronger than ever; her economy is not. [More…]
We must face the fact that not only is the Middle East vital to the economy of the world but also its growing military power presents enormous risks for international peace and stability. [More…]
Lebanon’s economy is shattered. [More…]
That in turn has had a major effect on the Australian economy by slowing down the economies of our trading partners and it is inevitable that that has an effect on our rate of growth. [More…]
How can it be suggested, therefore, that the Commonwealth has treated South Australia shabbily when South Australia ends up with $ 18m in kitty, which is a very substantial surplus for a State with an economy the size of South Australia’s? [More…]
The people of Australia know how this Government has responded to the task of salvaging the country’s economy. [More…]
If the members of this House and of this nation were to look at the map of Australia setting out the present boundaries of the Federal electorates, if they were to look at the electorates of Maranoa, Dawson, Leichhardt, Kalgoorlie, Wakefield, Darling and Kennedy, and if they were then to consult the Library and estimate the contribution made to the national economy by those electorates, some very interesting results would be produced. [More…]
One hopes, looking at the whole balance of the economy, that one will make the right decision on the recommendations. [More…]
In fact, we on this side of the House think that there is a very good chance that that is precisely what the Government wants to do: It wants to exacerbate industrial relations because it is making such a hell of a mess of the economy that it is trying to provide an alternative focus of attention. [More…]
The economy of this country is in a mess. [More…]
It was interesting to note also that Mr Slater, when commenting on the actions taken by this Government, lost all track of union matters and quickly got onto a political description of the economy. [More…]
Therefore, even though the legislation may be valuable, though it may be desired and though it may be needed to raise revenue, I would suggest that this nation should pay very careful attention to what is happening in the world fuel economy and ensure that we use the resources we have. [More…]
The increased cost to the transport industry must be passed right through the economy. [More…]
We discussed the pending redistribution of electoral boundaries, the plight of the unemployed for whom he felt very strongly, the uncertainty of the South Coast mining industry which he feared could be the subject of intense competition from Queensland open cut mines which have an economic advantage and, of course, we discussed the state of the economy. [More…]
Firstly, we have seen the most ideologically determined, doctrinaire, Prime Minister, temporarily freed from normal political constraints, imposing his boarding school prejudices on the nation and on the economy of the nation. [More…]
After the longest period without political disruption since 1969, with the opportunity for the longest period without a national election since 1963, this has happened to the Australian economy under those who make special claims to be superior economic managers: Unemployment higher, inflation running higher, growth lower, the dollar weaker. [More…]
The main differences between the Australian economy now and two years ago are these: Inflation is as high; unemployment is much higher; recovery is as far away as ever, but two years have been lost. [More…]
2- The Budget and the Economy: [More…]
If the devaluation has not yet had its full inflationary impact, it is only because of the deepening sickness of the economy under this Government. [More…]
The key economic fact about this Budget is that it will have a contractionary impact on the economy. [More…]
Though mining investment may begin to increase during 1977-78, the increase will be slow and will have a relatively small effect on the economy. [More…]
The Government assumes that exports will contribute to stimulating the economy. [More…]
Nothing in Australia’s present economic circumstances could justify a contraction of the economy when economic recovery must be the essential goal and when there is so much room for economic expansion. [More…]
On its spending side, this Budget is the complete reverse of what Australia needs, it is the reverse of any common sense plan for economic recovery, for any common sense response to the urgent needs of the Australian economy and the Australian people. [More…]
What is done in this Budget is to apply the classical cure for an over-heated, booming economy to an economy which is foundering, an economy which is not over-heated, but frozen stiff. [More…]
The Government is further depressing a badly-depressed economy. [More…]
There can be no better illustration of how far the ideologues in this Government, starting from the top, have had their way and how much, not just the real human problems of this society have been swept asideyou might expect that from this Governmentbut how much the realities of our economic problems, the needs of our economy, the common sense solutions to our sheer economic problems have given way to an ideology, a doctrine, a disastrous dogma. [More…]
The Opposition spokesmen have been proposing responsible, selective, stimulatory fiscal policies, policies relevant to the needs of the Australian economy. [More…]
As long as these policies are continued, stagnation will be the hallmark of Australia’s economy. [More…]
The whole of our program already has demonstrably reduced the inflation rate in the Australian economy. [More…]
It has been suggested that a higher deficit would have enabled an increase to occur in public sector employment and provided a suitable stimulus to the national economy. [More…]
There is no doubt also that the other two scales- the surcharge of 14 per cent on incomes between $ 1 6,000 and $32,000 and of 28 per cent on incomes over $32,000- provide further incentive to persons to work harder, to be given promotion and to contribute to the economy. [More…]
What is done in this Budget is to apply the classical cure for an overheated, booming economy to an economy which is foundering, an economy which is not overheated, but frozen stiff. [More…]
Let me take some figures from the White Paper on National Income to indicate the total outcome of the economy last year. [More…]
How can one expect an economy to boom or to respond in that sort of situation? [More…]
I believe that they are circumstantially afflicted by the malaise of the economy. [More…]
It is for that reason that I believe it is time we acknowledged that we cannot expect much from a great event on the second or third Tuesday in August every year and assume that once it is out of our hair the economy is set fair for the rest of the year. [More…]
To set the economy fair in Australia is going to take more than a year, more than two years. [More…]
Then there was the Jackson report which, if I can epitomise what it said, stated that unless manufacturing industry finds export markets in the future manufacturing will be a declining part of the total economy. [More…]
Tonight I have tried to indicate quite starkly that, in my view, last year there was an adverse shift in the shares of the Australian economy going to the various contributing parts. [More…]
It shows that, as far as the total performance of the economy is concerned, the best year of the last five years was 1973-74, the year of the first Labor Budget. [More…]
Although the process of redressing imbalances in the economy continued in 1976-77, the extent of the damage suffered by the economy has been such that much remains to be done. [More…]
The emphasis on ending the inflation needs to be maintained because continued inflation is incompatible with a healthy Australian economy. [More…]
It is a primary objective of the Government to ensure that there is efficiency and economy in the management of all government spending. [More…]
The reality, of course, is that with an economy which so desperately needed an infusion of confidence, the average person, whether he is an employer or an employee, must be helped to believe that at least he can take home more than 50 per cent of every dollar he has earned. [More…]
We are so committed when the Australian economy is able to withstand it. [More…]
In the context of an economy beginning to pick up a deficit of the order initially projected would have been a recipe for accelerating inflation . [More…]
Higher taxes should, perhaps, be mentioned as another strategy to stimulate the economy, which has been recommended by the ALP at Perth! [More…]
It accepts the Keynesian emphasis on spending and demand as the prime motivating force in the economy but they are not the only ones. [More…]
There must be a lifting of Reserve Bank restrictions on lending in all spheres, particularly with regard to industry, otherwise the restriction on employment will continue throughout the whole realm of society and the economy. [More…]
They suggested that that would cure the ills in the economy but I believe that, coupled with the other things that were implicit in the Leader of the Opposition’s statement in relation to the Budget, it would obviously have meant very much greater Government spending because in every area the Leader of the Opposition was criticising inadequate Government spending. [More…]
Would this not have been a better option from the point of view of getting our economy going again, to say nothing of not having the unfairness of this tax system? [More…]
Because it provides incentive it will provide a stimulus in the second half of this year towards the working of the Australian economy and will build on the progress made during the course of last year. [More…]
Whilst that represents a considerable improvement, I do not accept that it represents the massive improvement which was put to us a moment ago by the honourable member for Gellibrand, nor does it represent a situation in which there can be any complacency in thinking that a proper balance in profit sharing has now been achieved in the Australian economy. [More…]
They are dedicated to bringing that about by tearing down the economy and replacing the system, which we have known and enjoyed in Australia, with their communist or socialist system. [More…]
the economy is seriously threatened by disputes which do not show up in the statistics and which in many cases involve no lost time for their originators, though the disputes put other workers out of employment. [More…]
Honourable members opposite come in here and piously say that because they have read a text book on economics they can interpret the problems of this country and get the economy going. [More…]
It is combining with the Government in recognising that wages are an inherent part of the economy and that they play a substantial part in economic recovery, but both the Commission and the Government are being subverted in their joint efforts by a minority of militant trade unionists. [More…]
Because of its importance to the national economy the Opposition would like to see the project proceed and succeed. [More…]
There is no doubt about the importance of the wool industry to the Australian economy. [More…]
Perhaps this was the first instalment of the Government’s so-called economy program. [More…]
The major defect of the present system of review is that it is based on over-simplified notions of a free market economy and proceeds in isolation from a comprehensive economic strategy. [More…]
The Prime Minister’s exchange with ASEAN leaders is yet another symptom of the Government’s lack of direction for the Australian economy. [More…]
It is all very well for the Prime Minister (Mr Malcolm Fraser) to make the sort of statement he made in this House the other night, but this whole question is more deeply implanted in the problems of the Australian economy and in the problems of other economies than the superficial statement made by the Prime Minister would indicate. [More…]
The world’s economy is changing all the time. [More…]
The Fraser Government inherited a very sick economy from its predecessors. [More…]
They will give a considerable boost to the economy. [More…]
The mismanagement of the economy by the Labor Government which allowed inflation to rise from 4.5 per cent to 1 6 per cent and the rapid expansion of the public sector of the economy at the expense of the private sector set the scene for the present level of unemployment. [More…]
This Government believes that in order to bring inflation and unemployment under control, sound responsible management of the economy is necessary. [More…]
We were told in 1975 by the Prime Minister (Mr Malcolm Fraser) that he needed three full years to get the economy back into gear. [More…]
The Budget is said to have redistributed money, to have put more money into people’s pockets in order to stimulate the recovery of the economy. [More…]
This was completely different from the results achieved by the previous Government, which managed through its conniving and tampering with the Australian economy to achieve negative productivity for the first time for many years, if not probably for the first time ever in Australia. [More…]
Of itself, inflation does not matter; it is the problems that inflation brings in the economy that matter. [More…]
That is the rip-off that the Seamen’s Union is trying to perpetrate on the Australian economy and the Australian taxpayer. [More…]
What rural people want most of all is a healthy economy and increased trade. [More…]
a regional uranium industry producing up to 1 2,500 tonnes of uranium per year would substantially enlarge the Northern Territory’s economy and could provide the stimulus for a much faster rate of economic growth in the area than would otherwise occur. [More…]
The Government is looking to this Committee for advice on Australia’s energy reserves and on factors likely to influence the pattern of energy supply and demand, and future costs in Australia; the assessment of and development of our energy resources, and the economy and use of energy. [More…]
This is critical if we are to make a stand against the plutonium economy. [More…]
For example, the Minister for National Resources claims that stopping our uranium will contribute to the plutonium economy. [More…]
The severe structural problems which face our economy will be worsened by a hasty rush into uranium development. [More…]
It will bring great wealth to a few privileged companies at a terrible cost to the rest of the economy. [More…]
The industry will provide employment for nearly 10,000 people in total by 1985 when their wages bill will make available some $2m to be fed back into the economy every week. [More…]
This in turn will produce demands for goods and services which will improve the economy and increase employment further. [More…]
In the face of a flagging economy this Government is now seeking a mining-led recovery. [More…]
The provision might be modest as against what one could do in a buoyant economy. [More…]
There is total stagnation in the economy and very grave fears in the community about the economic future. [More…]
This Budget will hasten the process of the community’s disillusionment with the Government’s ability to manage the economy and to generate economic activity. [More…]
I mention the structure of the economy itself and the consequent need, through tariff board reports, to be able to achieve a restructuring in our time which will divert assets from the less successful and efficient sections of industry to the more efficient and successful sections. [More…]
I shudder to think what will happen if that comes into force, and how little knowledge it shows of how the Australian economy works. [More…]
The Department of the Treasury and the Reserve Bank of Australia would no doubt select the current method which is one of restraint in every one of the main dynamics of the economy. [More…]
They gave me a book prepared by a Committee for the OECD entitled Towards Full Employment and Price Stability, in a free economy. [More…]
They gave their unqualified support to the market economy. [More…]
They believe that if the market economy is given a proper go and if the proper rules relating to a market economy are observed, there is no doubt that we will work our way out of our problems in a much quicker time than we can do by restrictions. [More…]
They now accept the fact that we want stimulus in the economy. [More…]
I have never heard those words ‘cruising speed’ before but they perfectly set out my attitude to what ought to be done in Australia to stimulate demand and to get this economy running in a way which I think is in accord with true liberal principles and philosophy. [More…]
I am talking now about full employment in a free economy. [More…]
If anyone can think that socialism is anything but a controlled economy of the kind which the honourable member and his friend the Leader of the Opposition (Mr E. G. Whitlam) would like, then no one can understand what socialism means or, for that matter, what democracy can mean. [More…]
An externally led dynamic to the Australian economy. [More…]
He must remember that he inherited an economy that was fundamentally sound. [More…]
The Budget identified two problems plaguing the Australian economy: inflation and unemployment. [More…]
There was, we were told, absolutely no reason for Australia to be affected by the economic crisis that had affected every Western economy as a result of the October 1973 Middle East war. [More…]
The economy was, however, showing signs of improvement and, had the Hayden Budget been allowed to work there is no doubt that Australia would have been able to take advantage of the general pick-up in the world economy that occurred in 1976. [More…]
The then Opposition did not explain to these people how their customers were going to help to restore the economy when their wages were cut back, when their overtime dropped or when they were relying solely on unemployment benefit. [More…]
The aim of this policy is to discourage countries from turning to reprocessing of spent fuel and the fast breeder reactor, that is to the plutonium economy, by providing adequate and timely supplies of uranium. [More…]
The mining and treatment of uranium in the Northern Territory will give tremendous impetus to the economy of the Territory. [More…]
But a major commitment to fission power and a plutonium economy should be postponed for as long as possible. [More…]
The EEC is going to run its race on this issue, and it will be on the basis of what is best for them both with respect to economy and with respect to the casualties that might flow from a world war. [More…]
Its commitment to research and development, an area in which Australia is looked upon as a derivative economy, is to say the least pitiful. [More…]
Secondly, it is to advise on the essential elements of a long-term policy to deal with these problems, having regard to the implications of the likely patterns of industry’s growth and employment prospects and the capacity of the economy to sustain changes in the industrial structure. [More…]
Let us recall the real reason for the downturn in the economy. [More…]
If action is not taken urgently by energy producing nations to expand their production and export of energy sources, the repercussions for the world economy will be severe. [More…]
Everybody thought- in fact the daily Press the next day gave the distinct impression- that as of one week from then, perhaps the end of this year or perhaps early next year uranium would start to be mined and the economy would start to boom because we would be exporting something like 2,000 or 2,500 short tons of this material. [More…]
We should accelerate moves to prevent the development of the plutonium economy and its proliferation and we should not abandon the world’s energy-poor countries, some of which are our major trading partners and near neighbours. [More…]
The Government is claiming that this will be the saving grace of the economy. [More…]
The Government cannot do anything more than that about the economy. [More…]
It has this great individual, the Treasurer (Mr Lynch), who stands up here every day and does a song and dance act, but he can never answer a question on the economy. [More…]
Already Australia is suffering from the environmental effects of a fossil fuel powered economy. [More…]
You can go back to what is fashionably called a camel dung economy’. [More…]
This was so beautifully and clearly pointed out by the honourable member for Hawker when he said that uranium mining, the development of nuclear power and the use of uranium as a source of power in Nigeria just had to be, otherwise Nigeria would have gone back to a camel economy. [More…]
It is true that if we go into a plutonium economy then terrorists might have a chance. [More…]
The main aim of our policy in the interests of the whole world should be to try to delay the onset of a plutonium economy. [More…]
What the Australian Labor Party proposes would accelerate the introduction of the plutonium economy which surely it is the aim of all of us to avoid. [More…]
I can recall that in 1971 the McMahon Government was running into all kinds of problems with the economy and was in one hell of a mess politically. [More…]
But when the people of Australia see what is an obvious phoney- they see a government being destroyed by its incapacity to handle the economy, and suddenly it switches the issue to the question of uranium, knowing what the reaction of sections of the trade union will be and knowing that it can create a climate of union bashing- they will see the hypocrisy and the absurdity of this as a major election issue. [More…]
The economy is rotten. [More…]
The reconstruction of Darwin has almost been completed and a fillip such as the development of uranium mining would be of immense importance to Darwin and its economy. [More…]
Since industries in all sectors of the economy are ultimately competing for limited capital and labour resources, the provision of assistance to any individual industry or sector reduces the resources available for the development of other industries and sectors. [More…]
Unemployment- the main indicator- continues to climb, and the economy is still going backward. [More…]
Three reasons can be given as to why the economy is in worse shape today than it was then. [More…]
The Treasurer’s directions for the Australian economy are palpably astray, and in this present Budget he stubbornly refuses to face up to this. [More…]
A substantial reduction in interest rates would do much to revive the flagging economy. [More…]
It compounds the distress which presses too heavily on the economy and which has pressed on it too heavily for too long. [More…]
We observe there in clear and irrefutable form from official sources exactly how the Government lost control of the economy, how it stranded the momentum of growth which was following through from the 1975 Budget. [More…]
That is the sort of strength in the economy that we were assured was to develop in 1 976-77. [More…]
What will be the effect of that on the economy, specifically on unemployment? [More…]
In an economy with high unemployment, measured unemployment could be understating actual unemployment because some persons, particularly women, drop out of the labour force when employment prospects are poor. [More…]
There are a number of reasons why increased demand for labour is likely to lag behind any pickup in economic activity: the existing under-utilisation of labour capacity in the economy . [More…]
The state of the economy is one of extreme recession. [More…]
There are so many other tilings which one should deal with but time is too limited, unfairly so in such an important debate of the national economy at such a critical stage. [More…]
The demand for money in the economy just to hold the situation steady will be 12.5 per cent to 13 per cent. [More…]
The fact is that the Australian economy is in an extremely feeble state. [More…]
It just does not seem to sink in to the understanding of the Treasurer that the economy is in a most critical state and that the Government’s policies are counterproductive to the sorts of things that should be done. [More…]
I believe that one of the most important things we could do to reactivate the private sector of the economy, to get it moving again, creating more jobs and generating more growth, would be to get interest rates down. [More…]
Their fortunes are reflected back in the fortunes of other parts of the economy. [More…]
As the Treasurer (Mr Lynch) has pointed out, the economy is not solely in the hands of the government of the day. [More…]
From the speech of the Leader of the Opposition it seems clear to me that by implication the Opposition is again recommending larger deficits, higher taxes, higher interest rates and all the adverse consequences which such factors bring to the economy such as rampant inflation and high unemployment. [More…]
Again the economy will pay the price under the proposals of the Opposition. [More…]
There is certainly a capacity for the economy to absorb mild expansion without placing pressures on inflation. [More…]
Tax cuts, justifiable on equity and welfare grounds, will not have their desired expansionary impact on the economy unless two things happen. [More…]
I certainly regard the control of inflation and the Budget deficit as the major areas which this Government has to attack in improving the economy. [More…]
With the so-called revolutionary changes in the tax structure, the absence of increased duties on cigarettes and alcohol and a staggering increase in the price of petrol which is due to come into effect in the middle of next year, it was thought that the Government was preparing for an early election in order to avoid the reaction of the electorate to next year’s massive increase in unemployment, continuing double figure inflation and a further deterioration of the economy. [More…]
Despite all this evidence highlighting the Government’s failure to act to stimulate employment opportunities and the economy in general, it still attempts to pour blame on the union movement for its own economic incompetence. [More…]
Firstly, in many cases Government saving on community services is a false economy. [More…]
The economic strategy in the propaganda of the then Opposition, now imposed on Fraser and Lynch in government, is now being seen for what it was- a divisory tactic designed not to revive the economy but merely to legitimatise their seizure of power. [More…]
Power without policy is what the Australian economy and the Australian people are suffering from. [More…]
Then in May last year the Government announced the first of its public prunings ‘in order to revive the economy’. [More…]
This present Budget provides nothing that will boost the economy, nothing that will utilise the 20 per cent idle capital of industry nor the 5.4 per cent of the work force now unemployed. [More…]
On the contrary the continuing reduction in public expenditure will have contractionary multiplier effects on the economy, leading to reduced Commonwealth revenues and thus limiting whatever reduction in the deficit was sought. [More…]
The Government is saying that the private sector of the economy is lethargic and that the spontaneity is missing which would enable it to get off the ground, start moving again and take up the slack in employment and the like. [More…]
If the Government is to get the economy moving there will need to be a real demonstration of concern for the Australian people and real initiatives from the Government. [More…]
-In a little over 18 months members of the Opposition who did so much to destroy the economy of this country have suddenly become experts. [More…]
This was when our predecessors came to office and started tampering with the economy. [More…]
I turn to some other figures which once again illustrate that the economy has turned. [More…]
We have turned back the disastrous trends which are found in the indicators by people who read the economy. [More…]
I add in passing that had we not devalued by 17.5 per cent the economy would be in worse shape today than it is. [More…]
Last August the Treasurer, in his Budget Speech, said that inflation was the number one enemy of the economy. [More…]
If that is not an achievement in a little over 18 months by this Government I do not know what is, and I do not know how any member of the Opposition can say that we have ruined the economy. [More…]
The people of Australia know who ruined the economy. [More…]
We have rounded the corner on the economy and the people and economy of Australia will go ahead in the future. [More…]
It had to resuscitate the Australian economy and at the same time it had to transfer resources from the public sector to the private sector. [More…]
When Lyons succeeded Scullin in the government of this country Lyons did not have to perform the two tasks of resuscitating the economy and transfering resources from the public sector to the private sector. [More…]
When Menzies succeeded Chifley he had only to transfer resources into a decent rate of growth of the Australian economy. [More…]
The economy was running well. [More…]
That position had to be reversed at the same time as attempting to resuscitate the Australian economy. [More…]
When an economy resuscitates from a trough to a peak there has always been a time lag. [More…]
Nevertheless there are clear signs of success in resuscitating the Australian economy. [More…]
The summary of the report of the Organisation for Economic Co-operation and Development on producing stability in an economy as between inflation and unemployment acknowledged that such a time lag was involved, and such a time lag in order to be traversed required that inflation be overcome. [More…]
But there are some people who say that resuscitating an economy can be like making love to an elephant. [More…]
But if an economy is to be resuscitated by means of a taxation system immediately it has to be acknowledged that the philosophy of that resuscitation is that it has to be done predominantly through the household sector. [More…]
Of course, there is an appropriate place for the public sector for the stabilisation of any economy. [More…]
It has been my intention this evening to produce a number of hard facts which might displace members of the Opposition from the preconceived notions they have as to the way in which the economy is to be managed. [More…]
To talk like that is to be totally insensitive to the social needs of the economy. [More…]
It is my view that governments ought to be able to do better in managing the economy. [More…]
Let us consider what the economy was like that the present Government took over. [More…]
The Government and its supporters have the effrontery to say that the real cost of production in Australia and the real threat to our stability and to the economy is the high cost of wages. [More…]
I will not say tonight that I know what the answers are but I do know that the answers which are continually trotted out and the reasons given for the state of the economy are not correct. [More…]
Yet in the last two Budgets the whole operation of the economy has been grinding to a halt because of the prescription for stagnation that has been written into the principle which the Treasurer (Mr Lynch) has applied to the Budget- the reduction in public expenditure. [More…]
How on earth can we justify to successive generations letting the economy slow to a halt, letting people become unemployed and redundant, allowing our great manufacturing capacity to lie idle at a time when our railway system needs complete rehabilitation. [More…]
We have done away with the extravaganza of the former Labor Government which set out to destroy the confidence and the economy of the Australian nation. [More…]
One newspaper critic described the three Labor spokesmen on the economy not so much as three wise men but as Donald Duck’s three nephews, Huey, Louey and Dewey. [More…]
The Leader of the Opposition still seems to believe that nothing that went wrong with the economy under the Labor Government had anything to do with him. [More…]
One of the great weaknesses of the Leader of the Opposition is that he has never been able to view the economy as a whole with activities in one part of it affecting other parts. [More…]
But I am sure that the electorate would never give the present Opposition another chance to scramble the economy still further. [More…]
We have to balance the immediate needs of the economy against the human needs of disadvantaged people and the long term growth needs of the economy. [More…]
The result is that instead of going out and doing something he is good at to earn the money to pay the painter he does the painting himself, which is bad for the painter, bad for the economy and probably bad for the house. [More…]
The Government is responsible for the state of the economy and it does not help the people who are in need or who are unemployed to hear the kinds of remarks that were made by the honourable member for Isaacs. [More…]
I mentioned that the opportunity has been lost to provide a stimulus to the economy in the urban public transport sector. [More…]
It is interesting to follow the honourable member for Shortland (Mr Morris) having heard his views on the way in which the major problems of the economy should be resolved. [More…]
This man knows that the economy is not in good shape. [More…]
They had the idea that at a stroke they could turn around an economy, as an island, regardless of what was happening in the rest of the world and regardless of the structures then existing in the Australian economy. [More…]
Last year we were told that these things were the salvation of the Australian economy and that this year things would start again. [More…]
For Government members to suggest in the House that this Budget will have a major impact on the economy is nonsense. [More…]
I think all honourable gentlemen would know that compared with the fight water reactor a fast breeder reactor makes more efficient use of uranium but, at the same time, takes the country so involved closer to the plutonium economy which is something which has been of concern to this Government. [More…]
These two matters together emphasise why the ready availability of Australian uranium is important in order to slow down the move towards fast breeder reactors, if that is possible, and to slow down the move towards the plutonium economy, as well as to give Australia the strongest possible voice in the world forums against nuclear proliferation and in favour of proper waste disposal as modern scientific and technological knowledge now makes possible. [More…]
Indeed, I believe that over a very long period all the organisations which I mentioned have taken a thoroughly responsible approach in the recommendations which have been put to the Government, recognising the stringent circumstances in which the Austraiian economy has been placed. [More…]
I ask: What is holding up the enabling legislation which will greatly benefit the economy of Queensland ports and their hinterlands and, of course, the economics of the Line itself? [More…]
We all would be better off if there were far more stimulatory expenditure than we have to date, particularly stimulatory expenditure of this sort, through local government, to get our economy moving. [More…]
No economy, even one as strong as the Australian economy was as a result of 23 years of sound LiberalCountry Party Government economic management, could withstand such an incompetent assault. [More…]
The Hayden Budget was one that took massively from primary producers and from the producing end of the economy. [More…]
I come back to the point I made earlier This Government is using uranium as an issue to gloss over its mismanagement of the economy. [More…]
I have not the slightest doubt that that would provide much greater confidence within the Australian economy and greater security and greater employment opportunities for many thousands of Australians. [More…]
One amendment is to insert as the first subsection in the guidelines in section 22 ( 1) a statement of the Government’s desire to achieve sustained growth in the Australian economy through balanced development of Australian industries thereby providing increased opportunities for employment and investment [More…]
The Government also proposes to amend existing guideline (a) in section 22(1) of the Industries Assistance Commission Act to ensure that it expresses the Government’s objective that any measure to achieve changes in the structure of industry aimed at improving the efficiency with which the community’s productive resources are used, are related to the capacity of the economy and the work force to absorb the changes involved. [More…]
At times of a rundown economy, such as we have now, there is always a move by people to perhaps become concerned about the impact of [More…]
But as the IAC has said, when talking about changes which are taking place in our economy, there is a certain tyranny in believing that we can live with the status quo. [More…]
The high level of economic activity in 1976 occurred when the economy was predominantly under the influence of the last Labor Budget, known as the Hayden Budget. [More…]
It did take some time for those policies to change; and when they did as a result of the first Lynch Budget and of earlier economic actions the economy began a further decline. [More…]
There are a number of means of measuring the impact a budget will have on an economy. [More…]
There is every reason to assume that the contractionary impact the Government’s first Budget had on the economy will be repeated with this the second Budget. [More…]
In this situation the foolishness of further cuts in the real level of government outlays is even clearer- especially as the cuts predominantly fall in those capital works areas which have the greatest stimulatory effect on the economy. [More…]
Such a performance by the economy would see the prediction of the Government’s adviser, Professor Warren Hogan, of unemployment of 8 per cent, or almost 500,000 people become a reality in early 1978. [More…]
It is very easy on present policies to see the economy being locked into annual inflation rates of 10 per cent to 12 per cent, even at very subdued levels of activity. [More…]
This is the basic difference between the short term approaches to the economy of the Government and the Opposition. [More…]
Australia has developed as a great trading nation and anything which damages the performance of our export industries damages the ability of our economy to recover fully. [More…]
I suggest that if a country is prepared to buy Australian goods or produce at a proper market price then Australia is hardly in a position to place costly conditions on the sale which are designed to force that country to pay for higher cost elements of our economy. [More…]
Instead of stimulating the economy and expanding employment opportunities, the Government’s excessive concessions to those already well off will increase the numbers who cannot get jobs. [More…]
Not once did they make any recognition of the underlying strength of this Budget as a major cornerstone in the continuing recovery of the Australian economy- a recovery which is underway and which promises to make 1978 a better year for all Australians. [More…]
That said, however, a Budget does tend to set the basic fiscal and monetary framework for the economy in the year ahead, at least in those areas of policy for which government has responsibility. [More…]
If we stay on the broad course now charted by the Government, we not only will see continuing improvement in the economy over 1977-78 but also will have continued to lay the foundations for steady and sustainable economic growth into the 1980s. [More…]
It has a basic responsibility to determine the parameters within which our economy and our community function. [More…]
Not only did the demand for and the price of meat collapse during that regime; the Labor Party was instrumental in ruining the Australian economy. [More…]
The situation that we inherited, which required having to attend carefully to the economy, has prolonged the task of reducing the level of unemployment. [More…]
Because of the warfare going on in the Liberal Party between 1969 and late 1972 the economy was allowed to run down. [More…]
Between 1965 and 1972 the economy got right out of control. [More…]
Those people have obviously sapped much of the strength of British industry, leaving the British economy one of the weakest in Europe. [More…]
The Budget brought down by the Treasurer (Mr Lynch) consolidates and advances the achievements which the Government has already made in fighting inflation and restoring a healthy economy to Australia. [More…]
It provides a stimulus to the economy through a large increase in the disposable incomes of aU taxpayers, particularly after 1 February when pay-as-you-earn deductions will be reduced. [More…]
Last year, during debate on this Bill’s predecessor, I pointed out that the Government’s policy of cutting public expenditure, in particular capital works expenditure, threatened to push the economy deeper into recession. [More…]
It is worth examining what has happened to the economy since the Government’s policy of cutting drastically public expenditure has begun to have a substantial impact. [More…]
It is becoming increasingly clear to the people of this country that the poor state of the economy, which was accepted to be the case in December 1975, at the time of the election, was due not to policies of the Labor Government but to the world economic crisis which had overtaken all the developed and under-developed nations. [More…]
A comparison of a wide range of indicators reveals that the economy in the last six months of 1976-77, when the Fraser Government’s policies began to apply, was performing much worse than it had during the corresponding period of the previous financial year when the Labor Party was in power. [More…]
It is quite obvious from these statistics that the Government’s economic policies, of which this Bill is an integral part, have had a detrimental effect on the economy. [More…]
It can be increased when unemployment is high and reduced when the economy begins to pick up. [More…]
The honourable member for Adelaide (Mr Hurford) actually said that the economy is in worse shape than when the Labor Party went out of office. [More…]
I ask honourable members to bear in mind that the Federal Government has reduced the deficit from $4.5 billion to $2.2 billion in an endeavour to get this country’s economy back on to a reasonably sound basis. [More…]
Surely at a time when we have a substantial number of unemployed affecting the economy no one can justify capital expenditure being less in real terms than previously. [More…]
When it is obvious that the private sector of the economy is not prepared to take up the slack which exists, surely there is an obligation on the public sector to do so. [More…]
I should like some honourable member on the other side of the House to stand up and argue that the performance of the economy would be worse if we were to spend another $500m in the public sector in lieu of performance by the private sector. [More…]
But he can hardly believe that the economy is any better because of the things which he claims his Government has changed. [More…]
As a result of this review, they urged an immediate stimulus to the economy through a balanced series of measures designed to expand employment, without abandoning the task of getting inflation under control. [More…]
In other words, the Commonwealth has ignored this unanimous call by the State Premiers for measures to stimulate the economy. [More…]
In the United States unemployment has decreased by 3 per cent and the government of that country claims that it is because of the stimulus given through the public sector of the economy. [More…]
It is not a massive amount but it is a decrease and it is attributed to this stimulation of the public sector of the economy. [More…]
Whilst pointing out the inadequacies of what the Government has done over the past two years, we on this side of the House will continue, as I have said, to support enthusiastically anything that is done in this area to assist industry to become more internationally competitive and to perhaps consolidate its role in the Australian economy. [More…]
This Government came to power at a time when the whole Australian economy was in tatters. [More…]
Two years ago in this Parliament the Opposition was preparing to reject the Budget of the Whitlam Labor Government because of the alleged failure of that Government to control the economy. [More…]
If we compare the state of the economy now with the state of the economy two years ago, when the Opposition was preparing to reject the Budget, we can see that it has failed absolutely to revive the economy and that things are far worse than they were two years ago. [More…]
So with all these indicators we can see that the economy is going downhill at a rapid rate. [More…]
Despite the hardships facing small businessmen an important point that should be made is that they are operating in an economy in which the rate of inflation has been declining and in which business profits are up 33 per cent over 1976. Business investment in plant and equipment has also strengthened by 18 per cent in real terms over 1976. [More…]
What nonsense it was for the Prime Minister (Mr Malcolm Fraser) to say last Thursday night what a great Budget it is, how it will help the economy and how it will help to create jobs. [More…]
This is 64,000 more than in August of last year when the previous Budget was introduced with the specious reasoning that it would do something for the economy, that it would uplift confidence and that it would create job opportunities. [More…]
The second part of my speech will relate to the economy and the achievement of economic recovery as a result of this Government’s policies. [More…]
Under the general heading The Economy’ there were two headlines on page 5 of last Friday’s Australian Financial Review. [More…]
A handful have benefited- mainly internationally owned companies- but there has been no benefit at all to the Australian people, in terms of either better conditions or a healthier economy. [More…]
The Australian Labor Government was given the task of managing the Australian economythe economy of a great trading nation- at the most difficult time for the world economy since the Great Depression. [More…]
1 enemy and must be beaten before the economy and employment can return to normal levels. [More…]
The Government is arguing two opposite points of view, that the Commission should ignore what the Government does to the economy and at the same time that it should take note of when it helps the people in the economy. [More…]
It is most inappropriate given the condition of the economy and it does nothing about unemployment and inflation, and the most depressing aspect is that the Treasurer himself admits to this situation. [More…]
Tonight I would like to speak about monetary aspects of the Budget because it is in this area that the state of the economy will be determined in the next 12 months. [More…]
As far as unemployment is concerned, we vividly recall how, in November and December 1975, this Government, then in opposition, said that it could fine tune the economy. [More…]
This was the Government which was going to fine tune the economy! [More…]
I come back to the point that the Government parties of which you are a member, Mr Deputy Speaker, were going to fine tune the economy. [More…]
I think every honourable member will admit quite freely- even the honourable member for Newcastle if he were to be honest for a moment- that there was a need in December 1975, when this Government came to power, to take severe corrective actions in relation to the economy. [More…]
Broken Hill has made a magnificent contribution to the Australian economy over a long period of time. [More…]
We have not encouraged unions to pursue extravagant wage claims which the economy could not possibly sustain. [More…]
The sound economy that it inherited when it came into power was wrecked. [More…]
That is what caused the great rise in inflation and the great rise in unemployment, and the flow on from that mismanagement of the Australian economy still continues. [More…]
The point I am trying to stress is that urban public transport expenditure provides a means whereby the Government can improve the quality of life in our urban and outer suburban areas while at the same time it can provide a much needed stimulus to the economy, particularly to heavy manufacturing industry which manufactures rolling stock, rail cars and locomotives. [More…]
The funds available for urban public transport along with the involvement of any government depends entirely upon the viability of the nation’s economy, and there is no area of government administration which can be indemnified against the restraints forced upon the Government to restore the economy to a state which all Australians would endorse. [More…]
It endeavours to meet the requirements of its people, mindful at all times that it cannot take them out of an area of economic responsibility, that we must establish the viability of our economy. [More…]
I will emphasise some of the issues on which the Opposition believes this Government should have directed greater attention and provided a greater appropriation to promote a reduction in the record levels of unemployment and inflation brought about by its incompetent and irresponsible management of the economy. [More…]
Between 1971-72 and 1974-75, road casts increased some 62 per cent compared with 42 per cent for the general economy, 46 per cent for the gross fixed capital formation sector and 40 per cent for the consumer price index. [More…]
Road construction and road maintenance are the best areas in which the Government could be acting to reduce unemployment and stimulate the economy if that is what it wanted to do. [More…]
Quite clearly, there has been a deliberate decision on the part of the Government to increase unemployment, to superintend expanding unemployment and to leave the economy to find its own way out of the recession that has been forced upon it. [More…]
If the Government wanted to stimulate the economy, if it really wanted to do something about unemployment, this is the area in which it would act. [More…]
The multiplier effect that would flow from that would be a substantial stimulus to the economy. [More…]
These people have wrecked the economy and I am not so sure I want them to go for another time. [More…]
This was a rapid and disruptive change in the basis of the Australian economy. [More…]
The Industries Assistance Commission’s concern about the structure of the Australian economy is a reflection of that fact. [More…]
I am sure that he would be sympathetic to the suggestion that he should give a higher priority to the aspect of government control of our economy, and indeed, of our communications services. [More…]
It all comes back to what I said in the few minutes available to me between the points of order by back bench oncer members, that is, that in order to take the people’s minds away from the economy, unemployment and other matters of great concern to this nation they create smokescreens such as union bashing. [More…]
The threat to the democratic process and the Australian economy by the actions of Trade Union leaders, particularly in the building industry. [More…]
The matter that seems to attract the attention of the honourable member for St George is the threat to the democratic process and, by implication, the threat to the Australian economy. [More…]
If he is looking to a deterioration in and a threat to the Australian economy, again he should be looking to the Government he supports. [More…]
The Government wants to distract the minds of the Australian people from the ailing economy and the skyrocketing unemployment rate. [More…]
On every possible occasion we will let the people know how the Government has mismanaged the economy, how it has escalated unemployment and how it uses all sorts of cooked books to try to show that the inflation rate is not escalating. [More…]
The introduction of economy fares was followed by advance booking affinity group charters. [More…]
The people who travel economy have the alternative. [More…]
They can either go first class or economy. [More…]
The possibility of premature development of the plutonium economy, with its implications for nuclear proliferation, could be avoided. [More…]
Such a premature move towards the plutonium economy would increase the risk that plutonium would fall into the wrong hands and possibly be used for weapon making. [More…]
As a major proportion of the plutonium produced is suitable for weapon making, a move to the plutonium economy would add to the risk of proliferation. [More…]
Human happiness does not result from this unlimited consuming economy, this unlimited race for economic growth. [More…]
The uranium economy if it continues with its present intensity will be the graveyard of democracy because the uranium economy is the ultimate centralisation of power in human society. [More…]
The uranium economy is already the police state in action. [More…]
The uranium economy is the ultimate in human greed for power and money. [More…]
That this House censures the honourable member for Oxley for his recent economically subversive public statements which, contrary to the accepted traditions of the Parliament, speculated upon the standing and strength of the Australian dollar upon which the economy of this nation is based, encouraged the likelihood of a major capital outflow from Australia as the direct result of his persistent predictions of an impending devaluation and as a result sought to damage Australia’s economic and financial credibility in the eyes of the world at a time when the honourable member for Oxley knew or ought to have known that Australia was in the process of negotiating for overseas loans. [More…]
Nothing is more precious to the Australian economy than the Australian dollar, upon which the strength of our nation’s economy is based. [More…]
He must have realised that in making cheap political capital out of the Australian dollar, in his undoubted desire to secure leadership of the Australian Labor Party, he has been damaging the very dollar upon which the economy of this country is based. [More…]
What sort of situation have we reached in this country in 1977 when the Australian dollar is under attack, when there have been capital outflows from this country, when the honourable member for Oxley knew or ought to have known- to use a legal phrase- that the Government was determined to defend the dollar and was engaging in the process of overseas borrowing for the purpose of defending the dollar, which is the basis of our economy? [More…]
What sort of situation have we reached in this country when in the course of a number of weeks a member of the Parliament of the Commonwealth of Australia will make political capital out of the Australian dollar upon which he knows the economy of this nation is based? [More…]
Hayden ‘s speculation on the economy- particularly the forecast of a credit squeeze and higher interest rates- was dangerously irresponsible. [More…]
Yet Hayden chose to use the ‘leaking’ of a Reserve Bank memo on the economy to predict gloom and doom on the economic front. [More…]
That this House censures the honourable member for Oxley for his recent economically subversive public statements which, contrary to the accepted traditions of the Parliament, speculated upon the standing and strength of the Australian dollar upon which the economy of this nation is based, encouraged the likelihood of a major capital outflow from Australia as the direct result of his persistent predictions of an impending devaluation and as a result sought to damage Australia’s economic and financial credibility in the eyes of the world at a time when the honourable member for Oxley knew or ought to have known that Australia was in the process of negotiating for overseas loans. [More…]
Let the Australian public establish which party understands the state of the economy, which is more competent to analyse it and which has proved beyond any doubt by its record its absolute incompetence. [More…]
If it is dangerous for some prominent politician- and I accept the description from honourable members opposite because I am too modest to make the obvious observation publicly- to express an opinion publicly on the exchange rate, if my comment of last year with the assistance of Blind Freddie, who knew a damn sight more about the economy than the Treasurer (Mr Lynch) or any member of the Government, was so dangerous to the exchange rate, how much more dangerous, how much more destructive was the comment of the Deputy Prime Minister (Mr Anthony) at a dinner to the International Trade Division of the Chamber of Manufactures of New South Wales on 13 September last year? [More…]
As the economy picks up, as I expect it will - [More…]
He is not noticeably accurate on most predictions on the economy but then that is par for the Government- we must look for a strong rise in imports. [More…]
We are referring to defects in the Australian Government’s administration of the national economy. [More…]
They have no confidence in the administration of this country and they have no confidence, especially, in its economy. [More…]
Instead they lack confidence in themselves and they lack confidence in their ability to administer the national economy. [More…]
This report of the Reserve Bank demolishes the Government and its false claims about where it is taking the economy. [More…]
It is taking the economy downhill. [More…]
seems to find it hard to learn the difference between valid political statements on the conduct of the Australian economy and the kind of misstated exaggeration which may be common currency in some areas of politics- [More…]
The honourable member for Oxley is becoming a past master in indulging in such tactics- have no place in discussion of the national economy . [More…]
This applies also to the economy. [More…]
We shall continue to pursue our policies to contain inflation and to get interest rates down and in this way to stimulate the Australian economy and restore full employment. [More…]
That has been our task, namely, to restore the settings for a healthy Austraiian economy. [More…]
They know, just as the Opposition knows in its own heart, that this Government has got Australia back onto a sound footing and that the economy has already started on an upward path of renewed growth and on a return to prosperity that is essential if the needs and aspirations of all Australians are to be fulfilled. [More…]
All these facts-they are facts, despite the wild, unsubstantiated, scaremongering assertions of the Opposition spokesmen- support the view, which is reflected by most forecasters including the Reserve Bank of Australia, that 1978 will see a major improvement in the Australian economy, firmly rooted in the return to underlying economic stability, for which the Fraser Government deserves the highest praise. [More…]
His statements on the economy in the past year have been pathetic. [More…]
He has attempted to talk the economy down. [More…]
Mr Bill Hayden seems to find it hard to learn the difference between valid political statements on the conduct of the Australian economy and the kind of misstated exaggeration which may be common currency in other areas of politics, but which is suicidal when applied to the economic area. [More…]
In my opinion, Opposition spokesmen on economic matters have a responsibility to speak in a manner which is not deliberately damaging to the Australian economy. [More…]
To their dying shame, nothing that honourable members opposite have done m the past 12 months goes anywhere at all towards supporting the view that ought to be held, namely that they have a sensible and responsible wish to see the economy improve. [More…]
The honourable member for Oxley, the Opposition and the Australian people know that the Australian economy is improving. [More…]
This is the way in which this Government manages the economy. [More…]
During 1975 it was a regular practice of present Ministers to talk down the national economy at every possible opportunity. [More…]
Now those Ministers in charge of the economy have created a situation of near disaster in the Australian economy, through general mismanagement and their inability to determine economic priorities and economic policy on the basis of rational discussion and the consideration of advice. [More…]
It is not the first occasion on which that type of statement has been made by persons in the Government in an effort to influence a decision relating to the economy. [More…]
But I suggest that it might be appropriate for the Treasurer, when he is available, to make a full statement on the economy which this House can debate at length. [More…]
It is about time we had something other than ad hoc remarks from the Prime Minister, the Treasurer or other Ministers about the actual state of the economy and what the anticipations are. [More…]
I think it is unfortunate that we play hazard about what the exchange rate might be, because I believe that the number of people who can take advantage of changes in the exchange rate is very small when seen in the total context of an economy. [More…]
I believe that in an economy such as the Australian economy, which is running at an aggregate of $80,000m per annum- that is what the gross domestic product will be; it is pretty close to it now- nobody can say with precision that it is better to have a deficit of $2.2 billion without allowing for the overseas account and $ 1,300m on domestic account. [More…]
I have tried to suggest that this Budget offers no solution to the basic problems of the Australian economy. [More…]
The Australian economy is not the worst in the world. [More…]
Perhaps there will be ebbs and flows according to birth rates, but at least the Australian economy is not the worst in the world. [More…]
But if anybody is responsible for painting it as being the worst in the word it is honourable members opposite who wanted three years to repair the economy but who would not allow us 18 months to do our task. [More…]
In my view, the major problems that afflict the Australian economy in 1977- they were incipient in 1971 when honourable members opposite were in office, they were more evident when we came into office in 1973, and surely if they were unapparent to the obfuscated in 1971 they ought to be evident even to the most naive in 1977- are that changes are taking place in every economy that still calls itself western capitalist. [More…]
That is true, but if one is dunking of any normal type of public accounting one must look, as he said, at the overall figures and at the economy as a whole. [More…]
What has happened is this: In the Australian economy people make individually the decision to save and to put aside some part of their current income. [More…]
Any government which looked at the overall economy would find a reason and a compelling necessity to borrow on the local market because this is the way of absorbing the private savings which are at the present moment unused, going into the banking system, being mucked about by the Treasurer and the Reserve Bank and generally being taken out of circulation. [More…]
I am looking at the economy as a whole and looking at the overall picture as the honourable member for Melbourne Ports told us we should do. [More…]
It is quite right for the Government to borrow these excess savings because this is how to get the economy going again. [More…]
These are very, very simple propositions but I regard them as essential propositions because they are the ones on which the whole economy of the Western world is foundering. [More…]
They are reversing them in the hope of checking the stagnation which is present in the economy of the whole of the Western world in the same way as it is blighting our economy. [More…]
I accept absolutely the point made by my friend the honourable member for Melbourne Ports that we should look at the Australian economy as a whole. [More…]
I refer to the rather pathetic and feeble calls by the Labor spokesman on economic affairs for a public debate on the economy. [More…]
First of all, he wanted to debate the economy with the Prime Minister. [More…]
Quite plainly it takes some time, as we said before the election, for imbalances in an economy to work themselves out. [More…]
Have we ever heard them dissociate themselves from this kind of industrial disputation which is designed to tear the heart out of the economy of Australia? [More…]
Even if there is an upturn in the economy, the prospects of future employment for people in those groups to which I nave referred are pretty bleak. [More…]
The economic uncertainty caused by the comments of the Prime Minister about the economy and an early election. [More…]
In a situation of a very weakened economy- that is the sort of situation we have in this country today- that can have disastrous consequences. [More…]
Furthermore, in a situation such as that which we are experiencing with the national economy at the moment and with the predictions which have been published as coming from the authoritative economic advisers of the Government who have indicated a much tougher year ahead, suggestions of an early election create the gravest uncertainty imaginable, especially amongst the business community. [More…]
In short, the effect of this sort of loose speculation, aggravated by the behaviour and not so oblique comments of the Prime Minister especially, and of his senior Cabinet Ministers also, in fact is to undermine further the weak level of activity in the economy and to shatter confidence. [More…]
I believe it was a correct analysis of the economy. [More…]
The Prime Minister also sought to abuse, accuse and blame the Conciliation and Arbitration Commission for the present state of the economy. [More…]
Members of the Commission, including the President, Sir John Moore, pointed out that many other influences are at work in the economy, all of which are of much greater significance in terms of its present condition than wages. [More…]
Therefore any strengthening that might have been coming into the economy which must come by way of improved consumer demand was demolished. [More…]
He is seeking to set up straw men so he can easily demolish them and hopefully, he believes, distract the people’s attention from the key issue in the political scene at the momenteconomic management or the abject and unchallengable failure of the Government to handle the economy. [More…]
I have reached the point at which I am now preferring to quote what others say, because I fear I have so much power at my fingertips and so much thrust at the point of my tongue that I will wreck the economy, much as Samson was able to wreck the temple of the non-believers, with a simple word, a casual gesture. [More…]
It is conceding failure in administering the national economy. [More…]
When a Prime Minister comes to power declaring that he needs three years to get the economy into shape- and then calls an election after only two-thirds of that time- he cannot complain if voters interpret his move as an act of desperation or an admission of failure. [More…]
The Bank, in an analysis of the economy which the Acting Treasurer (Mr Eric Robinson), the echo as it were, suggests is not an important document, has provided a thorough, critical, condemnatory analysis of economic policy and its implications. [More…]
Each month the Reserve Bank considers, at a board meeting, the state of the economy. [More…]
We of the Opposition have been making that obvious point after analysing the state of the economy and interpreting various sources of official information which are available publicly. [More…]
Now we have it clearly and unconditionally stated in an unchallengeable form by the Reserve Bank of Australia in its most important analysis on the state of the economy and the outlook for the year. [More…]
If I were to say that however I would destroy the economy. [More…]
In some areas they are tentative but the recovery signs in the economy, particularly in regard to investment and the profit share, are there for all to see. [More…]
He should try to act responsibly as a member of the national Parliament which is concerned with improving the national economy. [More…]
His attitude is that if he cannot get into office he will talk down the economy, degrade it, disrupt it and wreck as many opportunities as he can. [More…]
In this discussion on a matter of public importance the honourable member for Oxley tried to link the comments of the Prime Minister about the economy with the possibility of an early election. [More…]
He brought the economy of Australia to the brink of disaster but he has learnt nothing and the Labor Party has learnt nothing. [More…]
It is a fair example of the way in which not only Government supporters but, inexcusably, Government Ministers seek to run away from their responsibility for the performance of the economy during the past two years that they have been in Government- two of the three years for which they sought office. [More…]
Honourable members ought to have no doubt about the way in which the economy is talked about. [More…]
That is the fact, and that ought to be the way in which Government Ministers look at the economy- not in the fairyland way in which some Ministers here seem to look at it. [More…]
The Arbitration Commission is to be blamed for the poor performance of the economy. [More…]
It wants to have an election on an issue that would be completely irrelevant so that the attention of voters is diverted from the condition of the economy to which this Government has reduced it consistently over the last two years. [More…]
Its members have shown no loyalty to Australia as a nation and no responsibility to the Parliament, to the economy, to the nation or to the people in the past two years in which they have been in Opposition. [More…]
Mr Hayden is not backward in accusing others of lacking the ‘courage and conviction’ to debate with him on the Australian economy. [More…]
If anybody has sown the seeds of uncertainty within the Australian economy and the community it certainly has been the Opposition, both when in government and in the two years since. [More…]
It is important that the Australian people remember that the seeds of destruction of the Australian economy and of uncertainty in so many ways were laid in that era. [More…]
The honourable member for Oxley is a self-proclaimed genius on the economy- he is an instant expert. [More…]
I believe that his comments made more recently in 1976 probably made the rate of devaluation 4 or 5 per cent higher than it would have needed to be had he not talked the economy and the people into such a situation. [More…]
I believe that what he has said today is evidence of the fact that he is still prepared to talk down the economy; that he is still prepared to be the disciple of gloom in this place and to spread the gospel of uncertainty. [More…]
The Opposition at that time, led by the present Prime Minister (Mr Malcolm Fraser) and the present Treasurer (Mr Lynch) who was then shadow Treasurer, embarked on a systematic program to distort the role which the public sector was playing in the economy at that time. [More…]
I point out that there is great merit at a time of stagflation, such as at the present time, in adopting the Australian Labor Party’s alternative short term economic policy of moderate, stimulatory public spending to help the economy return to health, provided that spending is in areas where there are underemployed resources of men and material. [More…]
We would not need a government at all if it did not have a right to oversee the situation in regard to the economy of this country. [More…]
The community lives on a knife’s edge of insecurity as far as its economy is concerned. [More…]
The measures announced in the Budget for a transition towards import parity prices for locally produced crude oil and an increase in the excise duty on petroleum products will provide direct incentives for economy in the consumption of such products, including through the use of vehicles with smaller engines. [More…]
I believe that that result is typical of the action of some small and extremist groups which seek the maximum disruption of the Australian economy. [More…]
In the recently published document ‘Employment Prospects by Industry and Occupation’, dated July 1977 the Department said that, while it can be expected that the economy will improve during 1978, any corresponding upturn in labour demand by employers is likely to be slower to eventuate. [More…]
Furthermore, a study published in the United States in 1973 entitled ‘Mental Illness and the Economy’ showed that over the past 100 years whenever the economy has turned down, thereby increasing unemployment, the rate of admission to mental hospitals has risen in a more or less exact ratio. [More…]
When we left office at the end of 1972 the economy of this country was in a very healthy state. [More…]
Unemployment started its upward movement during those three years and it is very clear that the wholesale damage done to the economy during those three years has been a major contributing factor to the continuous unemployment we have had. [More…]
Until we grapple with the problem Australia will continue to be faced with unemployment and will continue to price itself out of world markets, and the economy will not revive. [More…]
Why has no previous government embarked upon such an exercise when it is so obvious that the education system we have is not one which produces individuals who are able to find satisfying, fruitful and productive work in the economy? [More…]
Apart from all that we come back to the basic point, which is that the rate of unemployment will start to go down when the economy starts to improve and continues the momentum which has already been achieved since the present Government embarked on its economic policies. [More…]
When the economy has improved there will be no problem so far as unemployment is concerned. [More…]
We will improve the economy of this country by continuing with the economic policies of the present Government and not by adopting the over-idealistic proposals to spend more government money which still come from the Labor Party. [More…]
Though there may seem to be evidence that certain sectors of the economy are still drifting, looking for a stimulus to help them along, I believe that there are signs of a gradual improvement all over. [More…]
Devaluation speculation by responsible members of this House, election speculation by those folk who operate above us in the Press Gallery, industrial anarchy and speculation as practised by the left wingers in the trade union movement, all contribute to the feeling of uncertainty which must be overcome if we are to see a healthy consumer-based recovery in the Australian economy. [More…]
In an article entitled ‘A Monetary Model of the British Economy 1880-1975’ the author speaks about the British economy. [More…]
In an economy as open as Sweden’s, the country’s exchange rate is, in some ways, just as ‘important’ as the wage rate or the consumer price level. [More…]
Nonetheless, government intervention in the market place and government intervention in the processes of the economy are the sorts of government intervention that I would sooner not see. [More…]
On Tuesday, 30 November, in a parliamentary statement on the economy, the Treasurer said: [More…]
Large adjustments inject severe shocks into the domestic economy. [More…]
First of all, we have to get the economy in some sort of decent order. [More…]
What that will enable is a sustainable reduction in interest rates and progressively greater financial ease and that is the stimulus, above all other sorts of stimulus, which this economy needs. [More…]
I think it needs to be very clearly understood that reduced interest rates will be of very great benefit to just about every section of the economy. [More…]
That can be a pretty healthy Australian economy indeed. [More…]
That is why I said on Tuesday-I repeat it today-that what he is doing is deliberately subversive of the Government’s economic strategy and to the extent that he should succeed-he will not- of the whole Australian economy. [More…]
If we are to have a situation in which payments on invisibles lead to a substantial deficit in our current account, an absence of sufficient offsetting surplus on our balance of trade and sufficient capital account surplus, the Government will be faced with the predicament of maintaining fairly tight conditions in the domestic economy so that the balance of payments situation will not be aggravated further. [More…]
They do not have confidence in the state of the economy. [More…]
The economy is on the edge of stagnation, as indicated by the Reserve Bank of Australia report which showed that the economy has fallen considerably below the level projected by the Government for this year in its Treasury documents, and much below the level achieved last year, uninspiring as that was. [More…]
I believe that what I am proposing would result in an inflow of capital to this country once the economy started to get into better shape, a reduction in short term interest rates and a much healthier balance of payments situation. [More…]
Our economy would be based on confidencethe greatest foundation of aU. [More…]
Through tight budgetary controls by this Government much achievement has been gained over the past two years in getting the Australian economy to a base stage where further action can shortly be taken to stimulate the economy a little more. [More…]
The Government has brought the economy back to a base where it can now move ahead with more stimulus. [More…]
The economy of Australia is now in a sound position. [More…]
The people of Australia-business people and individualscan look forward to a greater and expanding economy. [More…]
All they are trying to do is to upset the economy and to destroy people’s confidence. [More…]
Of course, the answer is in the stimulation of the economy. [More…]
The best way to get people back to work is to provide for them through the economy. [More…]
Australia ‘s economy relies heavily on overseas investments. [More…]
I believe that the Prime Minister and the Leader of the Opposition himself- in fact all members of the Senate and of the House of Representativesought to be profoundly affected by the appalling circumstances that exist in the rural community today and ought to be prepared to have a policy which is bipartisan, a policy which will lead to the rehabilitation and the re-establishment of the rural economy of Australia. [More…]
If, out of concern for unemployment or fear of inflation, people save too large a share of their income, that is one of the symptoms, one of the indicators, of an economy that is in disarray. [More…]
I had hoped that as these events unfolded the Treasurer would see the error of his ways, retreat from his doctrine of salvation through stagnation and, unostentatiously perhaps, set the economy on a new course. [More…]
Apart from the economy, there are other matters in which I find myself unable to accept Government policy unreservedly. [More…]
This Government has made an abysmal mess of the economy. [More…]
It is not a matter of John Halfpenny or other people taking action to destroy the economy, which is what Commonwealth Ministers and the Premier of Victoria have been saying. [More…]
I am especially concerned about the impact of this disrup tion on the regional economy of South Australia. [More…]
South Australia’s regional economy is being greatly affected to its detriment by the power strike in Victoria. [More…]
The fact is that, compared with all other countries apart from that with the wealthiest and most powerful economy in the world- the United States of America- the Australian record in these matters is better than that of any other country and certainly compares very favourably with that of countries like Canada. [More…]
It will take time for the lag to find its way through the economy and for the economy to become functional and vital again. [More…]
They cannot think of anything constructive to do about the economy. [More…]
Honourable members opposite like to refer to the economy but nothing worries them more than to have the spotlight on their economic performance. [More…]
The indexation guidelines of the Conciliation and Arbitration Commission clearly embrace the view that, regardless of the reasons for increases in labour costs beyond current indexation guidelines, unless their impact in economic terms is ‘negligible’ the economy cannot afford these increases. [More…]
I ask the Minister How soon will he introduce the companion Federal Bill to permit the ANL to provide services which will greatly benefit the economy of Queensland ports and their hinterlands and the economics of the ANL? [More…]
I take the opportunity on returning from abroad to deplore in the strongest possible terms statements made recently by the honourable member for Oxley which, I believe, have been designed to weaken domestic and international confidence in the Australian economy and to promote very unhelpful and irresponsible speculation about the exchange rate. [More…]
In spite of what the honourable member for Oxley has said, I am happy indeed to inform the House and the honourable member for Deakin that investors and businessmen with whom I spoke overseas are certainly far more confident now than they had been before about the strength of this country’s economy and the strength of our economic prospects for the period ahead. [More…]
Those members of the Opposition who are so vocal at the present time about the problems of unemployment in this country might do well to heed their own words of criticism in relation to the progress of the Australian economy, particularly as it relates to the external position. [More…]
Does he not agree with the honourable member for Mackellar and many other commentators that there can be no salvation through stagnation and that these figures suggest that the economy must be stimulated to promote economic recovery? [More…]
That would lead to a massive loss of employment in the private sector of the Australian economy of the kind which I have just indicated occurred as a result of Labor Government administration over three years. [More…]
One would have thought that honourable gentlemen opposite were not only enemies of the Australian farming community but also enemies of manufacturing industry and enemies of employment in Australia because it was their policies which did so much to undermine the strength of the Australian economy. [More…]
The Prime Minister’s constant and dangerous misrepresentations about the state of the economy. [More…]
The key ingredients in the national economy are responding positively to our policies. [More…]
Indeed I have been altogether too charitable, for there is scarcely a line in the statement which does not contain some egregious error, misrepresentation or distortion of fact Almost everything he had to say about the Australian economy in 1975 and the earlier part of 1976 when our policies were still operating, was false. [More…]
The Australian economy will never recover as long as it has a coalition of confusion, led by a merchant of misrepresentation. [More…]
The first requirement for recovery is to accept responsibility for managing the whole economy effectively. [More…]
It is unbelievable that the Leader of the Opposition (Mr E. G. Whitlam) should choose to challenge the Prime Minister (Mr Malcolm Fraser) and this Government on the state of the economy. [More…]
Yet today the Leader of the Opposition is prepared to suggest that this Government has mismanaged Australia’s economy- that is, the money and the assets of all the Australian people. [More…]
It is a clear indication that the Australian economy has turned the corner and is progressing forward. [More…]
It knows that much has still to be done, and it will do much more to make sure that the Australian economy continues in its upward tendency. [More…]
That is another clear indication that the economy is certainly on the road to recovery. [More…]
Retail sales are a reasonably fair indicator of how the consumer is spending his money and the confidence that the Australian people have in the economy. [More…]
In August registrations of new motor vehicles totalled 37,100, at a time when people were saying that motor vehicle sales were at a low level and at a time when they were trying to suggest that the number of motor vehicles sales indicated the depressed level of the economy. [More…]
That is another indicator that the economy is healthy. [More…]
This Government has the hard job of restoring the economy after the massive mess it was left in. [More…]
The Australian economy is sound and the future for Australia looks good. [More…]
The Government is not applying itself to the grave dangers and the grave recession which our economy is in at present. [More…]
How can we find the right solutions to our problems or, more accurately, how can they- I point to government supportersfind the right solutions if they are not facing squarely the sad facts about the ill health of our economy? [More…]
I do not like being pessimistic about our economy. [More…]
Honourable members opposite have come to the wrong conclusions about what is going on in this economy and, therefore, they believe that there will be an investment-led recovery. [More…]
More and more businessmen are coming to the realisation that, with the structural problems we have in our economy today, it will be only by public sector stimulus that we will achieve that return of consumer confidence and, with that, the return of business confidence and the investment which will be the only means of returning this economy to the health that is required. [More…]
I assert that, until April 1976, our economy was moving in the right direction. [More…]
These are the results of the wrong diagnosis of what is going on in the economy ana a completely wrong prescription. [More…]
One of the importing firms put before the IAC a copy of a study of the impact of imported vehicles on the economy of the United States and the American consumer. [More…]
The Government must not be trapped into deferring decisions which are necessary for the long-term welfare of the motor vehicle industry and for the growth of the Australian economy by short-term problems and immediate decisions which are needed to overcome those short-term problems. [More…]
Certainly in the longer term if their capacity to market vehicles is restricted by the long term maintenance of import restrictions in the form of quotas their capacity to provide employment will be restricted It is worth noting a recent report published in the United States, entitled ‘The Imported Automobile Industry: A new assessment of key aspects of its impact on the US economy and the American consumer’. [More…]
The IAC report also highlights the overall impact on the economy of the continuation of excessive protection in the long term. [More…]
Excessive protection will result in significant and pervasive cost increases throughout the economy, which will reduce employment opportunities outside the passenger vehicle industry. [More…]
Housing is like the economy. [More…]
I recognise the difficulties in the Torres Strait of maintaining economy. [More…]
Whilst I agree that it is a lot better to provide finance which would provide work for these people than everybody to receive unemployment benefits, these people operate on a cash economy now. [More…]
The low growth expectation in the world economy and in Japan indicates that Australia will experience a lower rate of mineral export growth over the next decade. [More…]
-In the light of the increasing crises the Fraser Government is facing, the increasingly dictatorial style of the Prime Minister (Mr Malcolm Fraser) and the worsening state of the economy, is there any wonder that disunity and confusion are becoming the order of the day in the ranks of the Government? [More…]
It is now quite apparent to anyone with any discernment at all about the Australian economy generally that the Government’s policies have failed miserably. [More…]
They argued about the Government’s obsession with the deficit and they argued for greater stimulus for the economy. [More…]
The honourable member for Franklin (Mr Goodluck), from Tasmania, expressed concern about the economy. [More…]
Businessmen are complaining about the state of the economy. [More…]
The general consensus was that at best the European economy is stagnant and, at worst, it is declining in some areas, and there were very definite indications of this. [More…]
In the realities of a market type economy, particularly in the United States of America, the threat of increased substitution at higher price levels is a reality. [More…]
Small business plays a fundamental role on our free enterprise economy. [More…]
But small businesses also play a number of particular roles in the economy and in society generally which give them an importance beyond that indicated by statistics of that kind. [More…]
We must have government intervention of this sort, government intervention which in so many other spheres is being mutilated at present with tremendous harm to our economy. [More…]
In this mixed economy of ours where it is important to have a private sector as well as a public sector, a very important part of the private sector is small business. [More…]
We believe such activity in the private sector, and particularly in the small business sector, is important to provide the necessary stimulus to our economy. [More…]
I return to the main point: What small business wants more than anything else is an expanding economy; but what it is getting, and what the rest of this nation is getting, at the moment is a contracting economy due to the false philosophies of the Fraser Government. [More…]
As the Treasurer (Mr Lynch) clearly indicated in his statement, this sector of our economy is a fundamental and very important one. [More…]
The whole essence of the market economy is that the strong will survive and the weak will go under so that what emerges are strong viable enterprises which provide the market with what it demands at the lowest possible price. [More…]
Is it because the Government’s economic advisers know that in order for the free market economy to function efficiently a substantial number of small businesses must go under, but to say so would be political suicide? [More…]
Of course, business- big, medium and small- must pick up if the economy begins to revive. [More…]
The principal way in which this Government can get small business moving is to get economy as a whole going- in other words, to do the opposite to what it has been doing. [More…]
If the economy is reflated the good small businesses will survive, and that is what we hope will happen in the future. [More…]
Nevertheless, migrants do contribute to the economy, increasing purchasing power and trade generally. [More…]
It is time the Government began trying to reflate the economy. [More…]
As the Treasurer pointed out, recovery in the economy across the board will assist small businesses even more than large businesses. [More…]
So as the economy recovers we will find the signs directly flowing to small businesses. [More…]
In the longer term demand for oilseed products should increase with the growth of the world economy. [More…]
Our economy has changed from the conditions that prevailed, for instance, in the 1950s and 1960s. [More…]
We would not be able to achieve those objectives in a mixed economy such as this one unless there was a general consensus view on these objectives and unless the business community agreed with the objectives. [More…]
In fact one only has to look at the published platform of the Labor Party to see that the real power lies in endorsing a centrally planned economy with strong government intervention at all levels. [More…]
Until we have a government in this country which recognises that to a large extent our problems are structural and require agreement between the various sectors of our economy and between the various parts of the government, State as well as Federal, we will go on bumping along the bottom of the recessionary trough as we are now, with unprecedented unemployment and everybody agreeing that that unemployment will rise even further in the new year. [More…]
I just wish that some of the greater problems that affect the Australian economy could be dealt with as quickly . [More…]
Apart from its general findings and many particular recommendations, the report has drawn together much useful information about the Tasmanian economy, including information on unemployment in the State and the out migration of young people, a particular problem in Tasmania where unfortunately the young people, including brilliant young students, find it necessary sometimes to leave the State to find worthwhile and meaningful employment. [More…]
The report provides an overview of the Tasmanian economy which has not previously been enunciated and which has important long-term policy implications. [More…]
It is noteworthy when looking at the annual report of the Industries Assistance Commission that not one reference is made to the difficulties which are occurring by reason of the adverse balance on current account of the Australian economy overseas. [More…]
They have an interaction with all aspects of the economy. [More…]
Over the previous decade- within inflation at a fairly steady 3 per cent- 4 per cent a year and growth conditions in the Australian economy- small businesses could survive and even prosper while only earning what would be regarded as a marginal return on investment. [More…]
We can certainly export our resources, our sophisticated technology, our information and knowledge in civil engineering and so forth, and we can certainly create more jobs not only by improving our productivity in respect of both human and material resources, but also by expanding our economy by means of growth. [More…]
It expected, not unreasonably in a mixed economy such as Australia, that, having discovered and proven up those resources, it would be given first opportunity to utilise and to develop them. [More…]
The people of Australia must be inspired to dedicate themselves to a great national commitment to overcome the grave problems plaguing our economy and straining our social system. [More…]
The BUI also expresses the Government’s objective that any measures to achieve changes in the structure of industry are taken only after due regard has been given to the capacity of the economy to sustain those changes and to absorb members of the work force displaced by those changes. [More…]
We need more primary production to balance our economy and to meet and hopefully to satisfy the food needs of the developing Third World. [More…]
It is probably one of the disaster areas of the national economy. [More…]
They are seriously at risk because of the crude protectionist policies adopted by the Government I do not quibble with the concern expressed by Government spokesmen about job security, given the state of the economy. [More…]
But that is a totally different proposition to put forward from the one that they are adopting, which is crude protectionism as distinct from some sort of program of adjustment, and domestic support to allow that adjustment to take place, so that we can better integrate hi the world economy and, more especially, in trade relations with our near neighbours. [More…]
The areas covered by the Transport portfolio are wide and diverse, and in fact affect 20 per cent of the gross national economy. [More…]
If there were concern about the future of the Australian economy it would be only because of a concern about the policies enunciated by the Opposition which would take away the concessions, the incentives and the investment stimulii which this Government has provided for businesses across a wide sector of Australia and which have led to a recovery in profits and investments. [More…]
The Prime Minister (Mr Malcolm Fraser) knows that he has lost control of the economy and that next year Australia will have more than half a million people unemployed. [More…]
In that sort of situation how can there be encouragement at all for the economy ever to get off the ground? [More…]
The industries within which the bulk handling operations take place are of enormous significance to the Australian economy. [More…]
This will give encouragement to those people who look to the Government to establish a stable economy to believe that we have now established a base from which we can go forward to release some of the restraints that have impeded normal development of not only transport facilities but also all those facilities that tend to contribute towards a well running country. [More…]
If expenditure on education, or any other area for that matter, is to go on growing in real terms at a faster rate than the economy itself is growing, of course, other areas must decline. [More…]
In recent years education has increased its share of the gross domestic product It cannot expect and should not expect to go on doing so indefinitely, because if its share grows at a rate faster than the economy itself grows, it will be taking an ever greater share and leaving an ever smaller share to be allocated to other areas. [More…]
That in the opinion of this House the Australian people have a right to know more about the underhand methods by which communist agitators manipulate trade unions with the object of disrupting the Australian economy; [More…]
-I ask the Prime Minister a question about one of the few subjects on which he and I are in total agreement- that speculation about election dates is damaging the economy and halting economic recovery. [More…]
It decided on a ban on uranium, a repudiation of contracts, endorsement of a centrally planned economy with strong government intervention at all levels and endorsement of considerably increased taxation to pay for social objectives. [More…]
The then Opposition- the present Government- continually harangued the Government as if the economic recession between 1972 and 1975 were merely within the borders of Australia as if the Labor Government were responsible for all the problems within the economy. [More…]
I believe we should all acknowledge that there has to be a mixed economy; but I hope we are all careful to see that we do not get a mixed up economy, which I think is what we have now. [More…]
They do not know how to manage the economy. [More…]
When they said it was too much for them and they could not handle the economy, they passed responsibility over to this Government. [More…]
On behalf of the electors of Cunningham, I urge the Prime Minister (Mr Malcolm Fraser) and the Government to cease speculating about an early election, to cease promoting industrial troubles as an issue on which to hang an early election and to get down to the job of resuscitating the Australian economy. [More…]
Only when the Australian economy is resuscitated will the steel industry at the great industrial centre of Port Kembla also be resuscitated. [More…]
I urge that there be selective grants of capital expenditure nationally in Une with the pre-Budget WhitlamHayden plan to prime the Australian economy. [More…]
Before we were elected we indicated to the people of Australia that we would intervene in the incredible situation that has occurred in Australia over the past five years and I believe quite firmly that it has come about by the introduction into the industrial arena of the militant left wing trade unionists who have been intent on destroying the confidence, the economy and the right to work of many Australians. [More…]
Even the Australian Council of Trade Unions recognised the special position of Tasmania in 1971 when the ACTU executive declared that the jobs of Tasmanian workers depend on regular, reliable and adequate shipping services and that in respect of any shipping strike the participants are to give consideration to the particular position of Tasmania ‘s economy and to take such steps as are practicable and required to cause the least disruption. [More…]
Similarly, a number of these disputes have been characterised by disregard of wage indexation guidelines, their impacts on the levels of production, their implications for business confidence and overseas trade and their adverse effect on the economy as a whole. [More…]
There is nothing about providing jobs or stimulating the economy. [More…]
I urge the Government, if it has any concern for unemployed people to act now to stimulate the economy to help these people. [More…]
I can assure the honourable gentleman that this Government, unlike his Administration, has nothing whatsoever to fear from any objective study of the nature of the Australian economy at the present time. [More…]
This Government welcomes any objective study of the Australian economy because it will support greatly the thrust of all that we are doing. [More…]
This Government believes that it is important to encourage the search for minerals which today form such an important part of the Australian economy. [More…]
We must clearly understand that substantial borrowings overseas merely give us breathing space in which to get the domestic economy into order, in the hope that that balance of payments deficit problem can be eliminated. [More…]
The fall in demand for imports is a product very largely, if not exclusively, of the unintended accumulation of stocks which has occurred on a quite substantial basis in the Australian economy. [More…]
Borrowings can only give us time to get breathing space and get the economy in order. [More…]
The economy is strengthening, there is now indisputable evidence that we are winning the fight against inflation. [More…]
Since August, when the Prime Minister (Mr Malcolm Fraser) told the editor of the Australian that he might ‘spring an election’- interpreted by that gentleman as a Spring electionthe Australian economy and the Australian political system have been needlessly subjected to the stresses and uncertainty deliberately created by the Prime Minister. [More…]
The reason is that next year the economy will deteriorate even further. [More…]
In an address to the convocation of the Australian National University a week ago Professor Warren Hogan pointed out that far from being won, the battle against inflation, or rather the Government’s policies, had inflicted profound, perhaps permanent, damage on the economy, and that far from the September CPI figures being a sign of recovery they are the proof of deep economic sickness. [More…]
Obviously if he believed that the economy was recovering, if he believed he had really beaten inflation, he would have waited till the proper time and reaped the political rewards. [More…]
Firstly, the examination and evaluation of the processes used in the planning, management and control of expenditure; secondly, the evaluation of programs to find out, amongst other things, whether there are alternative ways of obtaining policy objectives more efficiently or at lower cost; and thirdly, examination of programs and activities to see whether they are being administered with economy and efficiency. [More…]
One would be foolish to deny the contribution that aviation makes to our economy; yet this can also be said of other forms of transport. [More…]
He totally neglected the economy with disastrous results for Australia. [More…]
That this House censures the honourable member for Oxley for his recent economically subversive public statements which, contrary to the accepted traditions of the Parliament, speculated upon the standing and strength of the Australian dollar upon which the economy of this nation is based, encouraged the likelihood of a major capital outflow from Australia as the direct result of his persistent predictions of an impending devaluation and as a result sought to damage Australia’s economic and financial credibility in the eyes of the world at a rime when the honourable member for Oxley knew or ought to have known that Australia was in the process of negotiating for overseas loans. [More…]
The upshot of that is that it has injected economic instability into the general management of the domestic economy. [More…]
In short, it means that people are shifting their money out on this massive scale because they do not have confidence in the way in which the economy is being managed and they are not likely to achieve that confidence because of the general thrust of economic management. [More…]
The evidence of that is, I repeat to underscore the point I made earlier, a want of confidence by the Ford Motor Co. of Australia in the management of the Australian economy. [More…]
It is able to enjoy profits on this generous scale because of the level of protection and then ship the money out of this country creating considerable instability in the domestic economy through effects on a weak and weakening external account. [More…]
It is sad to note that the Ford Motor Company is now listed with Utah because of its behaviour in relation to the export of massive amounts of funds earned in this country to its overseas parent body in a way which creates considerable instability in the Australian economy. [More…]
At least the Australian company is prepared to create jobs for people in this country and is prepared to contribute to the Australian economy and does not shift in a most destabilising way massive amounts of Australian earned funds. [More…]
Funds earned from Australian resources belonging to Australian people; funds sent out of the country to the disadvantage of the people of this country because of the instability caused to the Australian economy through adverse effects on the balance of payments. [More…]
Most serious effects are injected into the economy via the balance of payments. [More…]
The matter of public importance which is before the House represents a continuation of the Opposition’s campaign to talk down the economy and to knock Australia. [More…]
The honourable member for Oxley (Mr Hayden) in particular and a number of his colleagues have deliberately sought to create speculation about the exchange rate and to depress international confidence in our economy. [More…]
Today’s matter of public importance, I regret to say, is being brought before the House by a man who at every turn has tried to undermine the Australian economy. [More…]
The reason why the honourable member for Oxley lost control of himself was that he had lost control of the Australian economy. [More…]
Our demonstrated capacity to raise funds of this order at low interest rates on private capital markets is, in itself, of course a reflection of international confidence in the Australian economy and in the policies being pursued by this Government. [More…]
There is no doubt that we are well on the way to restoring full economic health to the economy and that 1978 will be the best year of economic performance in more than five years. [More…]
Then they look at economic management in this country- whether the government has the will to dominate the economy, to bring inflation under control and to bring a sense of proportion back to the nation as a whole. [More…]
Reform in this sector of the Australian economy is of prime importance. [More…]
I think that any fair minded person, looking at the conditions of employment that have applied to waterside workers since the Woodward commission of inquiry brought down its recommendations and since those recommendations were implemented, would have to agree that the conditions that have applied to waterside workers since that time were more than the economy of any industry could possibly tolerate. [More…]
Perhaps the Government had decided that increased capital works spending would be a far more effective way of stimulating the economy than tax cuts. [More…]
Due to the monetary controls of this Government, Australia and the Australian economy now have a sound base from which recovery can continue and will continue. [More…]
The main criticism coming from the Opposition in relation to these Bills seems to be because the Government has made a tremendous amount of progress in bringing the economy under control, in allowing for incentive, in allowing for that little bit of personal initiative so that the individual who wants to work a little harder and earn that little bit more will not be unduly penalised by additional tax levels. [More…]
-Unfortunately it is another one from Queensland, whose presence we do not particularly like to acknowledge, who talks down the economy. [More…]
He knows that the Australian Labor Party offers no stability but only new policies with chops and changes of personnel and in the direction of the Australian economy. [More…]
A number of other economic indicators also show quite clearly that the economy is moving firmly to a state of recovery and prosperity. [More…]
Obviously, the way out of our unemployment problem is to retrain people from the unskilled and semi-skilled categories for skilled positions and to solve the more general economic problems that confront the economy, such as inflation, and not to indulge in personal abuse or to propose the outdated ideas of western Europe of 10 or 15 years ago that have been proposed by the Opposition. [More…]
The precise ways in which this provision will be used can be determined only after consultation with the Bank when it is established, in the light of prevailing circumstances in the economy and in financial markets, and of course in the light of budgetary circumstances. [More…]
It is also pertinent to comment that that original twist may have been a very costly exercise with disastrous consequences for the economy of Australia. [More…]
Other revenue sources are generated within the economy as a result of the influence of mineral development. [More…]
I move on to another area which is directly related to this matter of the economy of Queensland. [More…]
The performance of the economy in that State, despite all its clear natural wealth, is not as good as it ought to be. [More…]
One area in which the State’s economy suffers is the area of industrial relations because of the provocativeness of the State Government in this area. [More…]
Again this has most undesirable consequences for the economy because this is a time when local government can play a most vital role in helping to get the economy under way again. [More…]
This is just like the scandal that went on with the Channel Islands and the British economy. [More…]
Inside the Australian economy there is no way of putting a rein upon a State which starts bushranging as Queensland is now doing. [More…]
This is the way the Government intends to hand out $lm for three months’ assistance to the Mount Lyell Mining Co. We point out to the Australian public that even in the dying stages of the life of this thirtieth Parliament the Government has given a clear indication of its slaphappy method of handling the economy of the country. [More…]
I point out that such assistance, not only in this case but also in most cases in mining areas, would have paid big dividends for the economy of the nation. [More…]
I believe that the facts are there that will prove that an expansion of the mining industry is essential to the long term revival of the Australian economy. [More…]
Does the review also show growth in the economy in 1978 at 2Vi per cent? [More…]
He ought to applaud all the indicators coming out in relation to the Australian economy and at the same time he should take note of economic advisers to business who, in their newsletters, are indicating that inflation is being broken and that the Australian economy is poised for a very real recovery in activity throughout 1978. [More…]
On what dates, in what form and with what results has the Government approached the Queensland Government to implement the Inquiry’s suggestion that the 2 governments should jointly undertake research into the effects on the regional economy of a decision not to approve the export of minerals from Fraser Island [More…]
In addition to its direct effects, tourism also has indirect effects on the economy. [More…]
For every dollar generated by tourism a further 25c is generated in the rest of the economy. [More…]
Of course the forces of the market place have a very real role to play in a private enterprise economy. [More…]
-I ask the Prime Minister whether he can expand on the answer he gave yesterday to the question asked by the honourable member for Oxley in relation to the Organisation for Economic Co-operation and Development review of the Australian economy. [More…]
They could cover the whole question of the economy of the country. [More…]
Our economy is picking up. [More…]
In terms of his comparison of economic performance, there is no substance whatsoever in his suggestion that the Australian economy is not now improving significantly. [More…]
The various economic writers who have been looking at the performance during the last three months, in particular looking at the last CPI figure, are acknowledging that it now signifies that the Australian economy is rising out of the morass into which the Labor Party led us more than three years ago. [More…]
There is no mystery as to why the Australian economy suffered a worse stagflation than any other major country. [More…]
The Labor Government has left the Australian economy in a very dangerous situation. [More…]
It made this comment about the Australian economy in those Labor days: [More…]
The major economic mistake of the Whitlam government was that Mr Whitlam himself was more interested in foreign policy and the quality-of-life issue at home than he was in economics, and at the decisive period of his prime ministership he left the economy in the charge of left-wingers whom he never really tried to get under control until it was too late. [More…]
No economy could stand the double inflationary pressure of a budget deficit this size and a government-encouraged wages explosion. [More…]
To be sure, Australia was bound to be hit by the general world inflation to some extent But a reasonable guess is that its own inflation could have been held down to about eight to ten per cent if the economy had been managed better, the country does not, after all, need to import most of its raw materials, and it supplies two thirds of its own oil. [More…]
In April 1975, the Australian economy was in its worst shape since the Great Depression. [More…]
It is important that the Australian people remember that the commentary I am now giving from a Reader’s Digest analysis of what happened in the Australian economy over those years is the sort of view that the average man or woman in other countries is getting of the Australian status under a Labor government. [More…]
Then of course we had the Khemlani affiair and those Iraqi breakfasts and all those disastrous attempts to try to cover up and patch up the economy in ways that led to the Labor Government’s defeat in December 1975. [More…]
The second point is that the people of Australia need to realise that the statements he is making about his performance as Prime Minister, about the economy under Labor, are equally totally wrong. [More…]
That all words after ‘That’ be omitted with a view to substituting the following words: ‘this House censures the Fraser Government for its economic policies which have caused a serious deterioration of the economy during 1977.’ [More…]
I first state this fact: The Australian economy is now more depressed than at any time since the middle of 1972. [More…]
The index shows the appalling extent to which the economy has fallen below the level of economic activity which could be expected on the basis of past trends of economic growth. [More…]
It shows that the Australian economy has fallen far below the level of output and income which should have existed and has fallen lower than at any time since mid- 1 972. [More…]
Instead, the ANZ index throws an entirely new light on the state of the economy. [More…]
But the evidence which is now becoming available shows that far from recovering, as the Government has claimed, the Australian economy has declined severely during 1977. [More…]
A competent, compassionate government would recognise that its true task lay in reducing the rate of inflation and unemployment together, and that these twin aims can ‘best be achieved by careful, selective, stimulatory policies aimed at moving the economy progressively towards fuller employment and greater price stability. [More…]
The consequence has been severely to depress all economic activity and to increase the difficulty of eventual recovery because of the distortions which are being effected in the economy. [More…]
They are the key indicators chosen by the ANZ Bank to show the current state of the economy. [More…]
They have been chosen from amongst a great many available series as being most suitable as indicators of the present state of the economy. [More…]
They represent a crosssection of real activity in the economy. [More…]
We are fortunate that it should become available now, because it shows us clearly the state into which the economy has fallen as a result of Fraser-Lynch policies. [More…]
The Fraser Government has been inflicting wounds on the Australian economy. [More…]
I second the amendment The Government has persistently misled and has been consistently untruthful in its statements to the Australian public on the economy. [More…]
It has been equally misleading and untrustworthy in its forecasts about the performance of the economy in 1978. [More…]
If inflation is to be reduced to single digit figures in the new year, if the economy is going to be moving forward again strongly, then why is the Government going to the people at this point when, politically its situation is so precarious? [More…]
The Reserve Bank of Australia- the information has been published- has indicated that the rate of growth in the economy will be down to about 1.3 per cent- almost a dead halt. [More…]
It is a conspiracy of deception against the Australian public for any Government spokesman to suggest even for a minute that there will be an improvement in the economy in the new year. [More…]
I have quoted from the assessment of the Organisation for Economic Co-operation and Development of the Australian economy. [More…]
We are going to have the enormous dislocation of massive increases in unemployment, an economy that is scarcely moving, a deepening of the recession, far more dismal prospects for business and scarcely any dent at all in the rate of inflation in this country. [More…]
Those forces now are feeding through the economy because of lag problems and economic effects. [More…]
The economy will not be better later so as bad as things are now it is better to go to the polls earlier because the consequences politically will be disastrous if the Government waits. [More…]
The Government believes the more it can increase unemployment, the more it can grind the economy towards a dead halt, the less inflation we will have. [More…]
It has been very successful in increasing unemployment remorselessly, in grinding the economy towards a dead halt but it has not been particularly successful in reducing inflation. [More…]
The economy will be in a far worse conditionunemployment will be far worse and there will be little improvement in inflation. [More…]
Actually there was such a committee in the very early days of the Federal Parliament; but it lapsed, I understand, for economy reasons in the 1930s. [More…]
To my mind, that is simply typical of what can really be false economy. [More…]
What sort of an economy is it when buildings worth hundreds of millions of dollars are the property of the Commonwealth and there are not enough firemen to look after them properly, and when there are insufficient people to work all sorts of mechanical devices satisfactorily? [More…]
Does he also endorse his predecessor’s commitment that, while rejecting the establishment of an oil industry agency recommended by the Royal Commission on Petroleum, it was basic to the philosophy of the Government that as far as possible the economy operated according to market forces. [More…]
Tenderers were also advised that direct price comparison, economy of operation and other cost effective factors would all be considered in making a selection. [More…]
It has done this against the background of the much improved outlook for the economy. [More…]
SYNTEC, which may be one of the most authoritative commentaries on the Australian economy in the world scene, says: [More…]
The change in Australia’s money supply and, prospectively, inflation and currency positions means a long period of slowly falling interest rates within this economy. [More…]
Given that these two qualifications won’t apply, the whole interest and yield structure in this economy should move down by some 200 basis points over the next fifteen months. ‘ [More…]
In other words, Syntec is saying that provided the present Government policies are continued the Australian economy will strengthen and become one of the leading economies in the world. [More…]
Usage of energy in our sophisticated industrial economy is so widespread that energy policy cannot be determined in isolation from other significant policy considerations. [More…]
Our energy policy needs to recognise the interdependence of economic activities and the ways in which changes in energy costs and the availability of energy could affect the outlook for the economy generally, particular industries and private consumption. [More…]
The aim of the policy is a long-term sustainable energy economy, in which energy resources and technologies are appropriate to the needs and goals of the Australian community. [More…]
This policy will be administered to establish a stable climate for long life investment that will provide growth to the Australian economy and an improvement in the living standards of all Australians. [More…]
They did not get off the ground for the same reason that they are not getting off the ground now- that the Japanese economy turned down - [More…]
The Japanese economy turned down, the resource projects were not required and long term contracts could not be secured because cash flows from contracts could not be guaranteed and funds were not advanced for development. [More…]
In terms of that project the Burmah oil company was stuck for cash half way through because it invested in an enormous tanker fleet just before the crash in the world oil tanker trade, when the world economy turned down in 1973-74. [More…]
The Auditor-General, however, should be able to report to Parliament on departments, statutory authorities or government owned companies when he has formed the opinion that they could establish more adequate procedures for assessing the efficiency and economy of operations under their control; or that particular activities are not being conducted in an economical or efficient manner. [More…]
All the surveys, indices and statistics published since the Prime Minister (Mr Malcolm Fraser) announced his panic election give the same message: The Australian economy is in serious decline. [More…]
The recklessness of this destructive policy becomes clear when it is recalled that of all forms of government outlays capital expenditure has the greatest impact on the rest of the economy. [More…]
It is essential to the health of the housing and construction industries that the economy as a whole be brought back on to a stable footing. [More…]
At the same time, as a direct result of Labor’s mismanagement of the economy, dramatic increases in interest rates forced many young couples out of the home ownership market. [More…]
The tendency, in today’s economy particularly, to keep the young person in education longer so that he does not become an unemployment statistic is placing greater and greater strains on tertiary education. [More…]
Tasmanians should be aware of the vital contribution of the industry to the economy of Tasmania. [More…]
We cannot isolate one area of an economy from the rest. [More…]
Surely these are the central problems of the Australian economy at the moment. [More…]
The second reason why it would be undesirable to have a substantially lower interest rate for portion of the economy is that it would be built into the cost of that portion. [More…]
gentleman who has just posed the question is a lonely voice when speaking about the economy. [More…]
That situation will not continue because ultimately the world economy will experience an upturn. [More…]
But viewed against the background of a government moving in the right direction with great financial restrictions placed on it on account of the state of the economy, this is a positive proof to the Australian people that we are serious about the environment. [More…]
That must jar on the nerves of people who have emotional problems, people beset with the problems of rearing a family in a modern day and age with all amounts of pressures being exerted on them from economy, science and philosophy. [More…]
It also includes the progressive introduction of a wages economy appropriate to Cocos conditions. [More…]
He will know that the Government is also looking at the provision of alternative air services to those communities from which, for reasons of economy Connair may find it necessary to withdraw, and the provision by operators other than Connair of services which are not now operated but for which demand is apparent [More…]
On what dates, in what form and with what results has the Government approached the Queensland Government to implement the Inquiry’s suggestion that the 2 governments should jointly undertake research into the effects on the regional economy of a decision not to approve the export of minerals from Fraser Island. [More…]
and (3) Following the Commonwealth’s decision on Fraser Island sand mining, the Commonwealth and Queensland Governments agreed to establish a joint committee to consider what action might be necessary to offset the adverse effects of the Commonwealth’s decision on the economy in the Maryborough region. [More…]
The Queensland Government did not propose for the Committee’s consideration a research program to monitor the effects on the economy of Maryborough of the Commonwealth’s decision on Fraser Island sand mining, nor has any request been received from the Queensland Government since then to initiate such a research program. [More…]
They know our nation’s prospects are limitless, and that by working together Australians can overcome the great challenges of unemployment and inflation and restore our nation’s economy to full vitality. [More…]
The Government’s restrictive policies have caused a severe run down in productive capacity in may key sectors of the economy. [More…]
Bottlenecks will be encountered which will restrict recovery and add to inflationary pressures in the economy. [More…]
This sector of the economy has had to bear the brunt of cuts in Government spending as well as the severity of the credit squeeze. [More…]
It is against this prevailing, deepening recession in the economy that the Government’s ineffective policies and dilatory behaviour must be held to account. [More…]
But because the economy is operating far below capacity, the stimulus to demand from this source would take up only some of the slack productive capacity in industry without adding to employment. [More…]
He persists with his description of the Australian economy as one which is currently in a deep recession. [More…]
So the Government rejects at the outset of this parliamentary term the notion that the Australian economy is in any kind of recession. [More…]
At that time the Leader of the Opposition joined with his then Leader to issue a lengthy statement on the economy. [More…]
In other words, unemployment in Australia cannot be solved on a permanent basis if we ignore the consequences of inflation on the Australian economy. [More…]
There is a structural problem in the economy about which the Opposition has been telling the Government for two years but which it refuses to recognise. [More…]
The Opposition has said time and again that there are structural problems in the economy. [More…]
The Treasurer said that the Government rejects at the outset of this Parliament that the economy is in any sort of recession. [More…]
Obviously it is ridiculous to assert that this economy is not currently in a state of recession. [More…]
In other words, as this Government’s policies got into gear, as the Government really started to get hold of the economy, the rate of unemployment accelerated remarkably. [More…]
Those cuts in government expenditure in real terms reduced the real level of demand coming into the economy and therefore meant that there was going to be more unemployment unless there was an increase in demand from some other quarter. [More…]
I believe that the Treasurer (Mr Howard) has dealt very adequately with the Government’s economic policies and the way in which through these policies it is trying to restore real health to the Australian economy so that there can be a growth in the Australian work force and in economic activity generally. [More…]
But we must recognise that a number of longterm structural changes started to take place in the Australian economy as a result of actions taken by that Government. [More…]
It took over an economy in good shape. [More…]
The effects of that power strike are still being felt throughout the economy, not only in Victoria but interstate as well. [More…]
Certainly there are changing patterns which may require basic changes in the structure of our economy and possibly also in our lifestyle in order to get back to the infinitesimal levels of unemployment that we enjoyed before 1972. [More…]
The restructuring of industry has had its effect on the economy. [More…]
Australia we may be able to have a good growth economy when other countries are relatively static. [More…]
Overall, I believe it is necessary for us to have an absolutely creative approach to the new structure of our economy over the next 20 or 30 years and not to assume that we must necessarily be a totally tributary economy of overseas economies. [More…]
I refer to those concerned with the economy- inflation sharply reduced, interest rates falling, government spending under control, business confidence and investment reviving, the excessive taxation burden relieved. [More…]
No government that has brought sterility and stagnation to our society and our economy can expect to receive plaudits; rather it will receive brickbats. [More…]
When our Government first took office in December 1975, we inherited an economy which was in considerable disarray. [More…]
Instead, the Government seems dazzled by the grand salesmanship of the multi-national giants who stand to lose thousands of millions of dollars if nuclear power development continues to be delayed, as it has been recently by President Carter who is awaiting further assurances of safety and economy. [More…]
Payroll tax has little multiplier effect in the economy. [More…]
He suggested that the two great factors in the world economy will be the European Common Market and the balance of power between China and Japan. [More…]
One is concerned with the state of the economy in 1975 when the present Government came into office. [More…]
Of course, the Australian economy was one of the strongest in the world at that time. [More…]
That kind of arithmetic is very carefully obscured throughout the country and during any consideration of the economy. [More…]
I am ceaselessly amazed at the hypocrisy of Labor supporters who talk about the funding of political parties because whilst it might be reasonable that there should be some sensible look at the whole problem, it is blatantly obvious from what the honourable member for Port Adelaide (Mr Young) and other Opposition supporters have said on many occasions here that all they are seeking to do by devious means is to have a situation whereby one day they can outlaw, in effect, all or substantial donations to the Liberal and National Country Parties, entrench their own economic conscription from Labor unions, their own theft from ordinary Australian people that they impose compulsorily, institutionalise it even further, raid the coffers of the Treasuries to get an extra subsidy for their own policies of socialism to take over the remaining parts of the economy or whatever they can get hold of and then entrench themselves even further. [More…]
He was allowed to retire on a pension of more than $30,000 a year, with the Government paying for two first class seats for Lady Kerr to fly overseas while pregnant wives of certain public servants are given a single economy class seat for the same journey. [More…]
Let it be clearly understood that unemployment was not a problem in Australia until the Whitlam Government was elected to office in 1972 and turned the Australian economy inside out during those three years. [More…]
The Bill also expresses the Government’s objective that any measures to achieve changes in the structure of industry are taken only after due regard has been given to the capacity of the economy to sustain those changes and to absorb members of the work force displaced by those changes. [More…]
I hope that we can soon reach the stage where inflation will have been reduced to about 6 per cent or 7 per cent, which will enable the Government to institute programs of selective stimulation of the economy, to add to its programs of national development, to ensure real growth in the economy and to ensure that through these programs unemployment will be reduced. [More…]
I referred to its impressive potential for growth because of its mixed rural and provincial town economy. [More…]
Our economy cries out for a stimulus from government. [More…]
The major issue confronting Australia now is not the lives of our politicians but the health of the economy, which, by many standards, is decidedly weak. [More…]
Creeping into our economy were many new factors with which we really had not had to cope before. [More…]
I could spend quite some time talking about the economy, but I am afraid I do not have that time. [More…]
It revealed a totally inadequate grasp of structural changes in the Australian economy. [More…]
In 1940 Dr Colin Clark proposed dividing the economy into three sectors: Primary (that is to say, farming, mining, forestry), Secondary (manufacturing) and Tertiary (services generally including education, transport, government, utilities, construction and retailing). [More…]
In 1961 Jean Gottman proposed the division of the economy into four sectors by dividing the tertiary or services sector. [More…]
I believe that the present classifications of the economy are far too broad to assist our understanding of how and where structural changes, particularly in employment, are taking place. [More…]
I suggest that we ought to divide the economy into five sectors. [More…]
This five part division should help us to understand much more clearly the expansion and contraction of various areas in the economy. [More…]
The fourth or Quarternary division is devoted to the ‘Information Processing’ sector which, whether we like it or not, is the largest growth area in the economy. [More…]
Defence equipment must be chosen for performance rather than economy. [More…]
I believe that we are now in a period in which those economic policies are starting to take bite and that during the next three years we will see a recovery in the economy, a restoration of economic prosperity and a restoration of full employment in Australia. [More…]
The level of unemployment is disastrous and the economy is in a stagnant condition. [More…]
To do so required massive public expenditure and that, at a time of difficult international conditions, caused problems in the Australian economy. [More…]
But now this Government, having had two years in office, having carried out those measures which it felt would correct the economy and being faced with record unemployment, must start to go back on its position of saying, as it did when we were in government, that the international economy formed no part of the problem whatsoever. [More…]
of giant firms in the meso-economic sector which have come to constitute the commanding heights of the economy. [More…]
In addressing himself to some of the problems of the Australian economy and to the structure of work in Australia, he said: [More…]
In describing what he called the quinary sector of the economy, he said that this category provides services which are provided within the home or are analogous to domestic services, for example, the provision of food and shelter, the care of children and the aged, cleaning and other home duties, and voluntary work for charities. [More…]
-Before the suspension of the sitting for the dinner break I was referring to the speech made by the honourable member for Lalor in which he had divided the economy into live sectors and in which he spoke of services which are analogous to domestic services, such as the sort of work which might be done in hotels, restaurants and in relation to some tourist activities. [More…]
I agree with him when he says that we need to look at the area of the provision of personal services as being a most important area in the future development of the economy. [More…]
I move on to deal with another need which I see in the economy, and that is the great need to ensure that there is further interchange between government, private industry and academia. [More…]
In order to ensure that there is a proper appreciation of the roles, experience and expertise of each sector of the economy- government and private employment- it is necessary to ensure that this interchange of personnel takes place. [More…]
The Government will only cure the conscience of its own supporters by the creation of a dole bludger syndrome, given the grave international and structural weaknesses of this economy. [More…]
Firstly, let them persuade their Ministers to drop their favourite stereotype of the unemployed as dole bludgers, morally blameworthy for their own unemployment, and present them instead as they really are- the victims of an erratic economic system; victims bearing for all of us the burdens of a stagnant economy secondly, let them persuade their Ministers to minimise the bureaucratic hassles which entrap the unemployed and which turn the unemployed, who are perhaps not the best organised elements in our society, into the chief form fillers in our society, form fillers who are harshly penalised if their form filling is inadequate or late. [More…]
Only through a party committed to an economic interventionism in the interests of all and which is sceptical of the shibboleths of so-called free enterprise will Australians secure the restructuring of the economy which is the prerequisite for economic advance. [More…]
It will make a very real contribution to the economy of Queensland and to the welfare and the betterment of the people of Brisbane. [More…]
The Government rejects at the outset of this parliamentary term the notion that the Australian economy is in any kind of a recession. [More…]
If we were to lift the domestic consumption of steel by resuscitating the Australian economy even up to 0.4 tonnes per capita it would mean we would use almost another 700,000 tonnes of steel per year and probably would take the sting out of any loss in Common Market sales. [More…]
Further, do the shortfalls in revenue indicate that the state of the economy, at least with respect to unemployment, is much worse than the Government anticipated? [More…]
He seemed to have some quaint idea that this sort of process did not have a beneficial effect on the economy or that employment opportunities did not rub off. [More…]
The Governor-General’s Speech included pious statements about ‘choice’ and ‘freedom’; about ‘expanding job opportunities’; about the ‘independence and self-respect’ of the growing body of people now dependent on social security because the economic masters- both in government and in the corporate sector- cannot and will not operate the economy in a way that will provide jobs and preserve the living standards of the work force of this country. [More…]
While claiming to be ‘good economic managers’, this Government is reorganising the basic structure of the Australian economy to favour those powerful interests that have great influence on its policies and its parties’ finances. [More…]
The Government is reorganising the Australian economy to the serious disadvantage of the entire work force and to the serious disadvantage of large sections of its traditional supporters in the business and rural sectors- the small businessmen, small farmers and small managers. [More…]
It is reorganising the Australian economy so as to reduce the public sector to a status from which it is unable to control effectively the anti-social, anti-worker and anti-national actions of the large corporations that now dominate the pattern of development of this country. [More…]
It represents a fundamental structural change in economies like the Australian economy that are supposed to provide the jobs. [More…]
Rather, the transnational corporations have decided on their pattern of production to the disadvantage of both sets of people- people in our type of economy and people in Third World countries. [More…]
Secondly, and more significant for this country, Australia’s role in the integrated international economy has been redefined. [More…]
What I am arguing against is allowing the present dominant forces to restructure the Australian economy in a way that suits their interests and at great cost to the Australian people in terms of jobs and public revenues. [More…]
To build on the progress we have made in the last two years, defeat inflation and unemployment, and restore full economic health to our economy. [More…]
They know our nation’s prospects are limitless, and that by working together Australians can overcome the great challenges of unemployment and inflation and restore our nation ‘s economy to full vitality. [More…]
We live here in our little enclave, and it takes a trip overseas to make us realise that in the world economy and in the world scheme of things we are non-existent. [More…]
The expenditure and construction phase of both the uranium and the petroleum industries in the next few years will have a marked effect on the Australian economy. [More…]
The Treasurer (Mr Howard) said: the Government rejects at the outset of this parliamentary term the notion that the Australian economy is in any kind of recession. [More…]
So there we have three clear statements on the economy by Government spokesmen who are trying to convey the impression that the recession is well behind us. [More…]
The Penguin Dictionary of Economics defines the word ‘depression’ as ‘that state of the economy in which men and machinery remain unemployed persistently, as compared with a recession during which unemployment is of short duration’. [More…]
I ask the House to consider the evidence available on the state of the economy and then to assess where the truth resides. [More…]
In the building industry, the number of new dwellings approved for the year ended December 1977 was 14 per cent down on the previous year, which represents a very substantial decline in a key indicator of the economy. [More…]
Another important area of the economy is the rural industry. [More…]
Those figures for employment, production and sales are all overwhelming evidence of a sick economy. [More…]
In fact they only serve to demonstrate the poor state of the economy. [More…]
The analysis for the whole year is a much more reliable indicator of the true state of the economy and on that basis the figures for real gross non-farm product offer little cheer. [More…]
An additional factor which must also be taken into account with regard to the future of the Australian economy is the impact of the turndown in activity in the rest of the world. [More…]
A continuance of the world recession will have grave implications for all our export industries and the economy generally. [More…]
In summary, it is clear that the Australian economy is very much in recession and is likely to remain so despite the extraordinary claims to the contrary by Government spokesmen. [More…]
The increase in the deficit through reduced receipts and increased expenditure in part reflects the worsening of the economy, with income tax receipts falling below estimate and unemployment benefits rising above budgeted levels because unemployment is higher than was anticipated. [More…]
Also the deficit increase is in the context of a restricted rate of growth in the money supply which is well below the Budget target rate, and that restricted money supply is stifling the economy. [More…]
Once they are used up the States will have to reduce expenditure or increase taxes, either of which will depress the economy. [More…]
I submit that albeit there is some slack in the economy- I do not deny that- there has been a significant increase in activity in the economy overall during the two years of the Fraser Government. [More…]
We have been getting the settings right for the renewed growth and recovery of the economy. [More…]
I submit that this Government is getting the settings right for the economy and the economy is on track towards sustained economic recovery and renewed growth with stability. [More…]
I want to stress that the present condition of slack in the Australian economy has not been due to an ordinary cyclical downturn in economic activity but rather to a situation of relatively high unemployment and inflation, the two factors significantly associated with major elements of imbalance in the economy which were largely the legacy of the Whitlam Government. [More…]
Equally anomalous, of course, is the fact that when such a committee travels long distances in aeroplanes- it is not at all infrequent for such committees to go to the Northern Territory and places like that- the members of Parliament sit in the first class seats and the staff members are relegated to the economy class seats at the back of the aeroplane. [More…]
The whole economy of Canberra is on its knees at the moment because the construction industry, the only real industry in Canberra outside the public sector, is being crushed by Government decisions. [More…]
Until this basic hard work is done and these hard decisions are taken it is difficult for any of us to be dogmatic about the shape of our economy in the future. [More…]
It should also be required to give attention to the reasons for its de-emphasis upon the Government’s desire, as expressed in the Act to ‘facilitate adjustment to changes in the economic environment, by the industries and people affected by such changes’ and to give attention to the wisdom of its apparent rejection of any government intervention in the economy which is not general and not market-orientated. [More…]
The meaning to be attached to the phrases in this Bill, such as ‘sustained growth through balanced development of Australian industries’this is one of the objectives given the IAC, and all of us who study this Bill need to be cynical of how that can be achieved- and ‘improve efficiency while ensuring that any measures are taken only after having due regard of the capacity of the economy to sustain those changes . [More…]
As I have said, the very nature of the Australian economy, will demand levels of protection for as long as one can see ahead, but the important point is that the protection should be provided sensibly, appropriately and judiciously. [More…]
Clause 8 of this Bill amends this, requiring the Commission to have regard to the Government’s desire to ‘achieve sustained growth in the Australian economy- I note that economic growth is not mentioned in the policy guidelines as they stand in section 22- ‘through balanced development of Australian industries with a view to providing increased opportunities for employment and investment’. [More…]
That provision is the same as the old clause, but then there is a rider about the capacity of the economy to sustain change is now added. [More…]
What I want to stress is that the present condition of slack in the economy, as I said this morning in another context, has not been an ordinary cyclical downturn in economic activity but rather a situation of relatively high unemployment, and inflation- the two factors significantly associated with major elements of imbalance in the economy which were the legacies of the Whitlam Government. [More…]
Yet significant change in the pattern and the structure of a variety of industries is part and parcel of this whole process of restoring a sound economy. [More…]
It has to be recognised that when you advocate a big tariff cut you do so because you believe that the whole economy- the Australian community as a whole and other countries, our trading partners- will gain. [More…]
It is a reasonable proposition that if the whole economy is to gain significantly in this way those most affected should be compensated out of those gains. [More…]
It has been blamed for the problems of the economy. [More…]
As well, the Prime Minister has been demonising the trade union movement for the last two years and blaming it for the problems, particularly unemployment and inflation, which beset this economy. [More…]
We had the problems of an Oppostion determined to destabilise the economy and determined to destabilise the political complexion of this country. [More…]
The Government can put enough people out of work with misguided mismangement of the economy and plague the work force with the proposed regressive, oppressive and evil industrial legislation, and the workers will be sufficiently scared to accept anything. [More…]
It will be, as it has always been, the responsibility of the Labor Party to have these people interested in politics, to have them discussing major issues and to have them wondering whether we are ever going to overcome this massive problem with which we are confronted at the moment, to see whether the social reform which will be required for the future economy of Australia can be undertaken by the present system of politics in Australia as we have it today. [More…]
There will be consumer led gloom which will only dampen down an already sick economy. [More…]
I accept the need for short-term policies to he consistent with longer-term objectives so that structural adjustment will be aided rather than inhibited, but I also take the view that tariff reform and structural adjustment should be related to the capacity of the economy to accommodate such changes. [More…]
A very prominent spokesman for the car industryprobably its most prominent spokesman- told me on the basis of his expertise in this field that the car or auto industry parallels the health of the economy: If the economy is healthy, plenty of cars are being sold; but if the economy is sick, not so many cars are being sold. [More…]
At the moment, according to his theory- and I have never seen him at a Labor Party meeting- the economy is very sick. [More…]
It is foolhardy to believe that by some manipulation of legislation- amendment of the Industries Assistance Commission Act- we are going to, have a healthier economy or that in some way by amending the Industries Assistance Commission Act we will be able to protect all the jobs that were promised during the last election campaign would be protected. [More…]
The Industries Assistance Commission Amendment Bill and the consequential Customs Tariff Amendment Bill are of considerable importance to all sections of the Australian economy. [More…]
The Bill also makes it clear that it is the Government’s objective that any measures to achieve change in the structure of industry are taken only after due regard has been given to the capacity of the economy to sustain those changes and to absorb members of the work force displaced by those changes. [More…]
It is simply not possible deliberately to resist change if we are to have a prosperous economy and a high standard of living for all Australians. [More…]
Such views ignore the inter-relationships between different sectors of the economy. [More…]
Rather, the debate should be arguing the case for policies to achieve the greatest economy and efficiency within each sector, while recognising the problems that high tariffs pose for those areas of the economy that either require no protection at all or little protection. [More…]
I do not agree with the proposition which is often put by proponents of low tariffs and proponents of open trade that under the circumstances which exist in the trading world, we can, without penalty, remove protection from Australian industry and necessarily have the total economy benefit. [More…]
The Deputy Leader of the National Country Party, the Minister for Primary Industry (Mr Sinclair), has said on at least one occasion- I think he has done so on a number of occasionsthat he does not support high protection policies and the the present protection levels are likely to remain only while the economy is in a downward trend or a trough. [More…]
It is necessary, firstly, to strengthen the base of” Australia’s export earnings beyond unprocessed mineral exports and rural products, thus giving greater stability to the Australian economy. [More…]
It does not have the capacity to assist, by the generation of spread effects, the development of a mature and diversified industrial sector within the Indonesian economy. [More…]
It accordingly accentuates the depressionary atmosphere existing in the economy. [More…]
I accept the argument about the importance of profit levels as measured by national accounts to allow an improvement in economy activity. [More…]
In other words, the recession- the downward trend of the economy- is accentuated. [More…]
In consequence they reduce the level of activity in the economy- they worsen the recession. [More…]
It argued quite forcibly that there should be a most substantial reduction in the real income of wage and salary earners in the community as part of this generally unwise, excessive tactic that it has been putting forward about the need to depress the spending power of the people; in other words, the need to depress the economy further as part of its tactic to bring the economy back into control. [More…]
Its action is contrary to the purposes it espouses in the community, namely the desire to get the economy moving again. [More…]
In the event of a recovery starting to develop the absence of any appropriate adjustment mechanisms to restore relativities will mean that the economy will be confronted by grave difficulties. [More…]
They are a magnificent way of increasing the capacity of people to spend without adding to the cost burden of the Australian economy. [More…]
That is the way the economy will emerge from the terrible problems that were generated by the massive inflation of the Labor years. [More…]
He said that they would stimulate the economy in a way similar to what was being called for by Mr Witterveen of the International Monetary Fund, that is, calling for industrial countries to adopt more expansionary economic policies. [More…]
If the economic policies proposed by the present Leader of the Opposition were ever to be implemented, of course the whole spectrum of the economy of this country would again drastically change. [More…]
He completely ignored the reference to unemployment and then used the ploy, as did the Leader of the Opposition, that the present movement in the economy reflected that the Government’s policy was not working. [More…]
Let us make no mistake: The overriding aim is a stable and prosperous economy. [More…]
These facts shatter the deception of our opponents’ claims of being sound managers of the economy. [More…]
I urge the Government, rather than turn its back on the vicitms of the present depressed economy, to assist at all levels. [More…]
The contribution of agriculture to the growth of the economy is undergoing vast changes. [More…]
The economy and especially agriculture have become more closely integrated with the world economy. [More…]
That is not by design, but it does indicate the extreme difficulties faced in formulating any long term agricultural policy in industries which depend almost wholly on world demands and economy. [More…]
Meanwhile, the economy of our country boomed. [More…]
I will return to that matter in more detail, but remaining on the general level that statement, combined with the continued refusal of this Government to revitalise the economy through the public sector, its continued determination to clamp down on any movement aimed at improving life styles in this country, its insistence that the workers and wage earners of Australia must pay the cost of our economic crisis, the sheer pall over any growth, the sheer lack of any excitement or any feeling of national pride or development generated by this Speech, indicate a general feeling of inertia and boredom in our society. [More…]
Their level of effective take-home pay is degenerating and the whole burden of the rise in inflation and the problems that the Government faces in controlling and managing the economy is thrust on to the workers. [More…]
Let the market forces play their part in the economy and let us see what happens at the end. [More…]
We have seen no appreciable difference in the performance of the economy since the devaluation took place. [More…]
What we will witness this year is a cutback in the quantity and value of exports from Australia particularly to Japan and also to Western Europe because of the languishing international economy. [More…]
What is the present state of the Australian economy? [More…]
If one considers the people who have not bothered to register for unemployment, according to the Bureau of Statistics quarterly labour force survey, one finds that the real unemployment rate is about 9.2 per cent, accompanied by a growth rate in the economy of about 1.4 per cent. [More…]
So much for the great economic managers who continue to trumpet their capacity to deal with the problems of the economy, who have sacrificed all, who have torn down government outlays and reduced public amenities to bring inflation down by only two or three percentage points. [More…]
The most serious problem which the Government faces is getting the economy and Australia moving again. [More…]
This Government is locked into a stagnant Australian economy and there appears to be no respite at the end of the tunnel. [More…]
I say to honourable members on the other side of the House who give embarrassed smiles that their chances of maintaining themselves in office are becoming slimmer and slimmer with the performance of their Prime Minister but the real thing which will destroy them is the performance of the economy. [More…]
The Prime Minister will understand the effect this has on the economy of Tasmania. [More…]
The home building industry is at least one sector of the Australian economy where there is a potential for growth, and that growth could have a multiplying effect on other industries if the Australian Government acted in the interests of the community as a whole. [More…]
In that way we can stimulate the economy more quickly. [More…]
There is a great downturn in the economy, and unless a stimulus is provided the housing sector of the economy will stagnate. [More…]
Such instability- I think it is vital in this debate to note that there has been significant instability in this industry- is bad for home buyers, bad for builders, bad for workers within the industry, bad for sub-contractors, bad for the suppliers who supply the industry with materials and, indeed, bad for the economy. [More…]
It is only when the community knows that the inflationary spiral which so crippled our economy has been brought to a satisfactory level that we can expect business confidence to return in this country and we can expect confidence to return to the home building industry. [More…]
The building industry- especially the home building industryis a very important part of the economy. [More…]
The Government remains quite hopeful of achieving a figure higher than 132,000, especially as the general economy continues to improve. [More…]
We need a sound economy, a lowering of the inflation rate and a lowering of interest rates if we are to provide any sort of sound stimulus for the building industry. [More…]
Equally, government has a responsibility to ensure that change does not take place at an unmanageable rate, at a rate which places undue strain on the economy. [More…]
A protracted period of little growth in international trade could jeopardise the Government’s strategies concerning maintenance of the exchange rate and a lowering of interest rates, and could short-circuit the recovery in the Australian economy which is now clearly emerging. [More…]
Since the election, we have seen the Press wage a campaign aimed at talking up the economy. [More…]
Because of the wide variety of people who are in one way or the other involved in tourism, it has had a problem in presenting to the Government evidence of its contribution to the economy. [More…]
When Australians realise that the cost of an economy class air fare from Sydney to Ayers Rock is $252, that the air fare from Sydney to Cairns is $302, and that they can have an eight day package deal to Fiji, including accommodation, for $397 or an eight day package to Noumea for $305, it is not surprising that they choose the more exotic international trip. [More…]
For every dollar generated by tourism a further 25c is generated in the rest of the economy. [More…]
Profit is a dirty word to honourable members opposite, but in our system it is essential for the economy of the country, in order that shareholders can receive a return for the capital that they have invested. [More…]
leaves serious uncertainty about the progress of the Australian economy; [More…]
ignores the serious recession in the international economy; [More…]
The so-called reprehensible circumstances which the present Prime Minister (Mr Malcolm Fraser) used to justify his actions in 1971 were principally the state of the economy. [More…]
I quote in part from a speech entitled ‘Financial Stability in the World Economy’ delivered by Dr Witteveen to the Conference Board in New York on 15 February 1978. [More…]
You will recall that, just a few years ago, the world economy was struck by a series of major disturbances: a virulent and widespread inflation, a severe and prolonged recession, and a massive disequilibrium in international payments. [More…]
What Dr Witteveen is saying there is that the period 1973 to 1975, when the Labor Party happened to gain office after some 23 years out of office, was the period which coincided with a tremendous upheaval in the international economy, the like of which had not been seen in the postwar period. [More…]
I have no less doubt that the economy and the Government’s management - or mismanagementof it will dominate the life of this Parliament. [More…]
A sound economy and proper economic management is the cornerstone of what government can do in any given policy area. [More…]
Unless the health of the economy is assured, all other government programs suffer accordingly. [More…]
Its failure after more than two years to come to grips with what is fundamentally wrong in the economy is the reason why so much else is wrong in the areas of employment, social welfare, education, health, migrant welfare, farm industry, mining, manufacturing, the motor industry, and Aboriginal programs. [More…]
These are all clear, unambiguous signs that the economy is not progressing. [More…]
In fact, despite all the soothing noises the Government makes, the economy is in severe recession. [More…]
The Prime Minister and his Treasurer (Mr Howard) cannot go on ignoring the need to apply some careful stimulus to the economy to boost both business activity and consumer spending. [More…]
If the Government does not understand that the economy is not progressing, then Australian families certainly do. [More…]
The automatic response of our opponents whenever we on this side of the House point to unpalatable truths is to get hysterical and to claim that we are ‘talking down the economy’. [More…]
And I am not seeking to ‘talk down the economy’ when I say that increasing unemployment and business failure will be a characteristic of 1978- and 1979- unless this Government changes its policies. [More…]
Contractions in the manufacturing and construction industries, which provide the fundamental basis for growth in the economy, inevitably are affecting the tertiary industries. [More…]
One need look no further than Australia’s worsening balance of payments for a dramatic vote of no confidence in the Government’s handling of the economy. [More…]
The Japanese economy is rapidly slowing down and unemployment is a growing problem. [More…]
These much maligned public servants have the unenviable task of managing the huge increase in the level of unemployment caused by the Government’s mismanagement of the economy. [More…]
I shall speak basically on the economy of today. [More…]
Those cuts are very important to the future of the economy of Australia. [More…]
That $ 1,000m will go back into the economy of Australia in the form of spending power. [More…]
Some of the editorials and statistics being printed in the various publications give strong evidence that the economy is responding very well to those tax cuts. [More…]
The resultant benefits will flow on to many other areas in the economy. [More…]
I come now to some of the current economic indicators that I mentioned earlier in my speech which show that the economy of Australia is moving up at the moment. [More…]
All the indicators of a sound economy are there. [More…]
We have to realise, as established Australians, that we must invest a little in these people and assist them if they are to have any opportunity in the future of contributing towards the economy of Australia. [More…]
They know our nation’s prospects are limitless, and that by working together Australians can overcome the great challenges of unemployment and inflation and restore our nation ‘s economy to full vitality. [More…]
Understanding the needs of the private sector and the fact that government services can be expanded only in line with the growth in real wealth in the economy, a Liberal-National Country Party government would have retained a firm hand during this period of economic change and pointed the economy in the right direction. [More…]
This became the second prong for battering our economy, particularly because of the absence of incentives for public sector efficiency and its excessive size relative to our total economy. [More…]
Clearly, renewed growth in the economy is dependent upon the deployment of resources to areas where they can compete at an international level- to areas where we have a comparative economic advantage. [More…]
To maintain investment in sectors of the economy requiring excessive tariff protection or other heavy-handed government intervention for their survival will dampen recovery and, far from maintaining employment, overall will prevent an increase in employment opportunities. [More…]
The Government’s White Paper on Manufacturing Industry published last year clearly recognises this and the need to restructure our economy. [More…]
While it is important to attempt to maintain our traditional markets, including the European Economic Community for Australian goods, renewed growth in the economy requires that we turn our face to Asia. [More…]
Our economy has an unparalleled opportunity to benefit from participation in this dynamic scene to our north. [More…]
The expanded employment opportunities for young people through dynamic growth in our economy under this strategy will provide the base for overcoming the social malaise to which I referred earlier. [More…]
Young people, having experienced the benefits of strong economic growth and of a society in which the Government has removed itself from the pockets of people through taxation reform and in which in a general way there is less intrusion into their everyday lives through the removal of bureaucratic red tape and intervention in our economy would never wish to return to the policies espoused by a Labor government. [More…]
It has failed to understand the changes in the domestic economy or the changes in the international economy. [More…]
Our economy just is not big enough to absorb the surpluses created. [More…]
Despite these problems, manufacturing industry is still playing an important part in the Australian economy. [More…]
This is an interdependent society and all sectors must work together in the economy we seek. [More…]
What I have said consistently is that there are structural changes taking place in the Australian economy; that they will lead to higher levels of unemployment even at a time when the economy is regarded as being fully employed and that the resort to more and more protection is not a constructive way to handle this matter. [More…]
Firstly it could set fuel economy targets for vehicles produced in Australia. [More…]
At present no fuel economy targets are being set for Australian car manufacturers. [More…]
It will merely result in people spending more of their money on petrol to the detriment of the economy. [More…]
Oil in the future will be expensive, available from a declining supply and controlled by a concentrated bloc, conscious of its power over the industrial economy increasingly dependent on liquid fuel for its survival. [More…]
I fear that we are now in the hands of the absolutists, the theoreticians, who take a more theoretical view of the economy than commonsense view of what is happening to people. [More…]
They are the only parts of the economy which we can expand. [More…]
We should see whether we can apply that concept to every sector of the economy which is in absolute need, whether it be farms, housing, railways, public schools or private schools. [More…]
Under this Government the Australian economy has fallen into a deep and damaging recession. [More…]
Only the Prime Minister (Mr Malcolm Fraser), the Treasurer (Mr Howard) and their henchmen reject the notion that the Australian economy is in any kind of recession but the facts speak for themselves. [More…]
The Australian economy is marching from recession to serious depression under the manipulation of the media by the Fraser Government. [More…]
The background was based on meeting post war shortages, on a growing population, on a rapidly industrialising Australia and on what was very much a rural economy. [More…]
The 1970s have brought about a completely different aspect in the Australian economy. [More…]
They know our nation’s prospects are limitless, and that by working together Australians can overcome the great challenges of unemployment and inflation and restore our nation ‘s economy to full vitality. [More…]
Where will the growth occur in our economy? [More…]
I would like now to comment on the interdependence of all these sectors of the economy. [More…]
We need to ask ourselves whether we should spend millions of dollars of capital on more technical training institutions or whether they are adequate but people are merely transferring out of this area of activity in the economy. [More…]
Surely the sort of behaviour on the part of the Prime Minister about which I am speaking must be covered by paragraph (3) of the amendment which reads: leaves serious uncertainty about the progress of the Australian economy; [More…]
Also, a viable lucerne seed industry in the area was just becoming a major and beneficial contributor to the national economy. [More…]
Towards the end of last year the Australian and New Zealand Bank commented that the Australian economy was bumbling along at the bottom of the economic trough. [More…]
But if one takes most of the major objective indices and not some of the rather fanciful indicators which were introduced by Government supporters last week, it is clear that this economy remains in deep recession. [More…]
Let us take car registrations which are regarded as another sign of the productivity of the economy. [More…]
There is of course disagreement between the Government and the Opposition about the best solution in the long run for the problems of the economy. [More…]
The Speech was depressing and, stripped of its euphemistic grandness and its attempts to describe grandly the most unimaginative legislative and administrative program, it means the perpetration of an economic crisis and the Government’s determination that wage and salary earners- millions of Australians- will pay the price of recovery, if the economy is to recover in the foreseeable future from the deep trough in which this Government has put it. [More…]
Criticism comes from the Opposition benches about the state of this nation’s economy and about the poor state of the people who are suffering under this Government, but savings bank deposits were able to increase from $15,706m in 1976 to $17,109m in 1977, an increase of 8.9 per cent. [More…]
If people are not receiving good incomes, if they are not making a good living, if they are not able to live under the state of the economy they cannot put money away in savings banks. [More…]
We have set up the basis of good economy. [More…]
Given the fact that the transport industry has a central place in the economy, employs hundreds and thousands of workers and involves very large scale organisational resources in both the public and private sectors, that is surprising. [More…]
It is surprising that the Government fails to recognise the central importance of transport policy for the health of the nation’s economy. [More…]
It is quite true that, if resources are to be allocated satisfactorily in Australia, if the correct allocation of resources is a principal matter to be considered in respect of the Australian economy, one has to know where the benefits go and who pays the benefits no matter what industry is concerned. [More…]
It is quite clear that in this industry, as in other industries, the opportunity for it to produce at a satisfactory level of output is related to the dynamism of the Australian economy. [More…]
One has to be very careful these days that the economy does not sink into a long term recessive mental attitude. [More…]
It is quite clear that we will be able to proceed with the appropriate and correct allocation of resources only if there is an adequate rate of growth in the economy. [More…]
A stagnant economy produces intolerable problems if resources are to be allocated correctly. [More…]
The difficulty of re-allocating resources in a period of slumpflation or stagnation or during stationary stages in the economy is too great for democratic governments to contemplate. [More…]
It is only when they are translated into action that one realises the damage they create in the Austraiian economy. [More…]
If there was one action by the Labor Government which was more characteristic of lack of understanding and experience in the business world, and if there was one action which in fact did more harm to the Australian economy in such rapid time, I have yet to know what it was. [More…]
Private enterprise organisations have a total involvement in the prosperity of the Austraiian economy. [More…]
The mania of the doctrinaire socialist to destroy free, private enterprise is a sad mental malaise, and from 1972 to 1975 it was responsible for causing great harm in the Australian economy and nobody can deny that. [More…]
The amendment also refers to a failure to stimulate productive output, yet the honourable member sat in this House and heard his own leaders talking about the time having arrived in 1973 for a transfer of assets from the private sector to the public sector of the economy. [More…]
He watched and heard those same people over a period of several years say in this House and elsewhere that one man’s increase in pay was another man’s job, and that it was not possible for the economy to be maintained in a viable state if the unions were to follow the policies that they were pursuing while the Labor Government was in office. [More…]
The amendment also states that the Labor Party believes that the Government has ignored the serious recession in the international economy. [More…]
The Government is conscious all the time of what is happening in the international economy. [More…]
The amendment indicates that the Government’s legislative program as outlined in the GovernorGeneral’s Speech fails to deal adequately with record levels of unemployment; fails to stimulate productive output; leaves serious uncertainty about the progress of the Australian economy; ignores the serious recession in the international economy; fails to provide long-term guidelines for industry; and neglects to provide firm guarantees for the protection of civil liberties by legislative enactment within the powers of the Australian Government. [More…]
The facts on unemployment are that the level of unemployment has consistently risen since this Government came into office and it will continue to rise unless the Government takes other policy initiatives which are designed to stimulate the economy and bring about a restoration of the sort of confidence which would enable employment opportunities to develop. [More…]
The Japanese economy, which I think most members opposite would suggest has a lower rate of inflation now than we have, last year had a 32 per cent deficit. [More…]
That Government was proposing to increase its deficit in order to stimulate the Japanese economy. [More…]
Whilst our nation’s prospects are limitless and by working together Australians can overcome the great challenges of unemployment and inflation and restore our nation’s economy to full vitality, it must be accepted that that state can be achieved only if we are realistic and meet the conditions of the market place. [More…]
We must recognise that it is the provision of adequate water supplies in Penh which largely will determine the rate of growth and the extent of economic development for the whole of Western Australia, particularly at this time when Western Australia and, perhaps, Queensland are providing a great impetus to the Australian economy as a whole. [More…]
If there is a problem with the development of the Western Australian economy, this will also affect the economy of Australia as a whole. [More…]
It is particularly important at this time that we take into account the fortunes of the Western Australian economy as they affect the nation as a whole. [More…]
The Government’s program also covers improvement in industrial relations, which is absolutely indispensable if we are to see an increase in productivity and the restoration of the economy in the interests of every citizen of this nation. [More…]
When one hears the glib propositions so often expressed by the Opposition about the need to equalise wealth in this country, one feels a real despair about what would happen if it ever had the chance again to influence the economy of this country. [More…]
But because of its attitude of arbitrarily taking from one section to hand to another section it created a void in the economy with the consequence that it did not have the capacity to carry the extensive and lavish social welfare programs which were introduced. [More…]
This Government’s standard excuse for the mishandling of the economy is that it was left with a mess created by its Labor predecessors. [More…]
Government supporters accuse us of having the hide to enter into a debate about the economy. [More…]
Talking about hide, what about the honourable member for Macarthur (Mr Baume), with all the impertinence and front in the world, becoming a spokesman for the Government on the economy. [More…]
It is one of the incentives provided for them to live there, and so to contribute to the economy and the health and wealth of this nation. [More…]
I can understand why the honourable member for Kalgoorlie (Mr Cotter) feels upset tonight because he has not the opportunity to present to this Parliament the reason why the people of Kalgoorlie are paying a high price for their petrol which is having an adverse effect on their economy because of the high costs involved in the transportation of the goods and so on. [More…]
In fact, this higher price for petrol is costing the economy of Tasmania $13. [More…]
I think about the 16,000 service station proprietors in Australia who are trying to employ people and who are trying to do the best for the economy of Australia. [More…]
This matter is important to our economy. [More…]
The fuel industry in this country is one of the great rip-off areas of the Australian economy. [More…]
I refer to the tourist industry which, as the Minister knows from his experience in his electorate and as I know from my experience in mine, is of increasing importance to our national economy. [More…]
Does it also pose a threat to the recovery of the Australian economy which at present is under way as a result of sound economic management by this Government? [More…]
In the circumstances it was a conspicuous tribute to the reliability of Australia and the trust placed by overseas investors in the Australian economy and, indeed, in the policies being followed at present by the Government. [More…]
It will be apparent to the honourable gentleman from those comments that the Government naturally is keeping under close scrutiny the impact on the Australian economy of fluctuations in the American dollar. [More…]
We on this side of the House believe that the Government ought to be attending to fuel economy targets for motor vehicles. [More…]
Australian motor manufacturers are not required to meet any fuel economy targets, whereas their counterparts in other parts of the world have been required to do so for a long time. [More…]
If this idea can be implemented, particularly in the public hospital sector, it will lead to greater job satisfaction for doctors let alone a greater economy for patients and health departments. [More…]
My objection to providing the best possible care for all is simply that no economy, no regime, no health administration could stand it, nor can the great bulk of doctors and patients. [More…]
We are currently reviewing the whole health insurance system to see whether there are other ways to ensure that the rate of acceleration of health cost in this country does not crowd out our capacity to spend essential resources on other important areas in the economy such as social welfare, the need for job creation, the need to assist industry to employ people and so on. [More…]
1 think everyone would recognise- the Government recognises–that the home building industry is a vital industry and a vital part of the Australian economy, lt is fair to say that in recent months it has been going through a rather flat period. [More…]
They have been brought about mainly because of the downturn in the Japanese economy. [More…]
To what rate of growth of the total economy are present expenditure patterns attuned? [More…]
I do not spend my time reading comments by academics about the Australian economy. [More…]
One of its terms of reference was to examine the situation and potential of tourism in the Australian economy. [More…]
The nation is passing through the first stages of a basic structural change in its economy, the effects and extent of which are not easy to foresee. [More…]
However, the impact of such a decision would be catastrophic for the whole economy and fatal for the motor industry which could not survive a 12-month enforced layoff. [More…]
Yet the implications of shifting from a ‘scarcity’ economy to a ‘post scarcity’ economy are not adequately recognised by the community at large and, I venture to suggest, not fully appreciated by the Parliament either. [More…]
We have to be careful not to delude ourselves that this is just a matter of some fine tuning in the economy and that if we apply a few bandaids and take aspirins suddenly all the problems will go away. [More…]
If the level of demand was not kept up, the effect on the economy would be catastrophic. [More…]
The problem facing the Australian economy and the economies of all advanced Western countries is the interaction between inflation and unemployment. [More…]
The resolution which encouraged ACTU affiliated unions to seek wage increases over and above those awarded by the Conciliation and Arbitration Commission would, if acted upon by the unions, inhibit economic recovery and reduce the capacity of the economy to create new jobs. [More…]
Such expectations are extremely optimistic but even if all those things improved the evidence of the structural weaknesses in this economy would suggest continuing unemployment in the long term. [More…]
Above all, we want others to buy our product so that our economy can be stimulated internally. [More…]
They offended every canon of sensible management of the economy, particularly fiscal and wages policies. [More…]
It is critical to the success of the Australian economy that the Conciliation and Arbitration Commission reduce still further the percentage of the consumer price index that is applied to partial wage indexation in order to reduce real wages and restore our competitive capacity, and by those means once again to put us back in a position where we can exploit our opportunities in all parts of the world. [More…]
We desperately need increased output and therefore we desperately need to have an economy where demand is increasing consistently, as the Treasury has accepted. [More…]
This government recognises the vital part played by small businesses in our economy. [More…]
This is a snide tactic, typical of the way the New South Wales Government is wrecking the State economy with its business bashing, forcing the mining companies to leave the State and other activities. [More…]
It is important that these mills do continue in existence and do remain viable operations because the whole welfare and, indeed, the economy of quite a section of that part of the State depends upon the continuing operations of the New South Wales sugar industry. [More…]
the Government rejects the notion that the Australian economy is in any kind of recession. [More…]
At no stage since in my present ministerial responsibilities have I denied that there are some adverse indicators so far as the Australian economy is concerned. [More…]
I invite him to read what I said yesterday when I was referring to the estimates provided in last year’s Budget Papers by the previous Treasurer in which he indicated the targets for the growth of the economy and employment. [More…]
I say to the honourable member for Cunningham and other members of the Opposition that they are falling into the very serious trap of looking at figures ibr a particular quarter or a particular time of the year and hoping that by repeating those figures they will somehow create a greater feeling of gloom and despondency about the economy. [More…]
The Leader of the Opposition referred particularly to the building industry and talked about the depressed state of the economy. [More…]
The Leader of the Opposition loves to talk about the depressed state of the economy. [More…]
Nobody would deny the significance of the building industry to the Australian economy; nobody would deny its significance to employment, but it is about time that the Leader of the Opposition and the industry started to realise that the over-expansion of the industry in 1976 created problems for the industry. [More…]
The underlying forces within the economy demonstrate very clearly that there are some strong points, and it will not be too long in the future before the sorts of questions that the Leader of the Opposition asks, which are designed to depress further the Australian economy, will be seen for what they are- questions of propaganda that cannot be supported by facts. [More…]
Again, far too much emphasis is put on the negative aspects of the Australian economy. [More…]
They arise principally from the fact that the economy is in substantial recession, despite the fact that the Treasurer continually states that we do not have a recession, much to the astonishment, I should think, of 99.99 per cent of the population. [More…]
The fact is that the economy is in a very depressed situation. [More…]
His statements on the deficit and on employment statistics show his confusion and inability to appreciate just what is happening to the economy as a result of his, and his Government’s policies. [More…]
But in the manufacturing sector, a most important sector of the economy, the seasonally adjusted figures show that the employment figure fell from 1,148,600 in July 1977 to 1 , 1 4 1 ,800 in December 1 977-thanks to the policies of the present Federal Government. [More…]
If Tasmanians believe that the apple industry is important to the Tasmanian economy and that the Apple Isle is synonymous with apples they have to promote apples continually. [More…]
Regrettably the small farmer was forced out and this has its implications for the original economy of the district. [More…]
1 ) Prior to the Government’s decision to defer the third stage of exhaust emission controls on cars, did the Government conduct tests to find out the effects that existing and pre-existing emission laws have had upon the fuel economy of motor vehicles; if so, is data available from these tests. [More…]
Despite what the honourable member for Batman (Mr Lowe) said and despite the interjection from the honourable member for Lalor (Mr Barry Jones) that it is not a business, the management of the economy is a business. [More…]
He said that it represented a breakthrough and that it would help the economy and the sugar industry. [More…]
But unfortunately oil companies forget that these 16,000 proprietors mean something to the economy of Australia and are human beings trying to make a living in this difficult economic situation. [More…]
After nearly two and a half years in office the Government’s management of the economy is no more credible than the promises of the Prime Minister (Mr Malcolm Fraser). [More…]
The economy is not recovering, and no amount of distortion and misrepresentation by the Prime Minister and his compliant Treasurer (Mr Howard) can obscure this basic truth. [More…]
The Government has been far too rigid in its approach to the complexity of the economy’s illness. [More…]
There is now growing evidence that the economy is moving forward. [More…]
This year promises significant progress in the Australian economy. [More…]
Where is the alleged growing evidence that the economy is moving forward? [More…]
It is to be hoped the Prime Minister does not treat this one as lightly as he did the 23 urgency debates on the economy that the Opposition has initiated since the Government came to office. [More…]
Apparently, the Prime Minister prefers to pronounce on the economy not to the Parliament but in his weekly pre-recorded broadcasts, in which he is safe from immediate challenge. [More…]
The apparent view of the Government is that the economy can be viewed in terms of certain statistical objectives, and that the social cost of pursuing these objectives can be largely discounted. [More…]
It is, however, the worst possible budgetary policy for an economy in which the average wage earner has already experienced a decline in his family spending power over the last 2’A years of $12 a week. [More…]
The fact is that the Australian economy will get a lot worse, before it gets any better. [More…]
After two and a half years of Fraser Government I submit that the current and future state of the Austraiian economy is exclusively of its own making. [More…]
The point I am making is that once a country slips into unemployment levels greater than that resulting from normal transitional movements in the economy, then a particular vigorous effort must be made to ensure that a high level of unemployment does not become institutionalised as has happened overseas. [More…]
It is no good the Prime Minister whinging that the Opposition is talking down the economy. [More…]
The evidence from the national accounts figures is that there is no economic growth in the Australian economy. [More…]
Also that unemployment is a measure of the deficiency in economic activity in the business sector of the economy. [More…]
Impinging upon this at an increasingly rapid rate and with greater force is a decline in international economic trade activity directly affecting the Australian economy. [More…]
It appears to me by the way in which Government supporters have sought to absent themselves from the chamber today in this debate in such obvious, organised large numbers that they either do not understand the serious and disturbing implications of reduced export income on the Australian economy and the very worrying effects it will have on business and the welfare of people or- I believe this is the more likely explanation- they find themselves totally ill-equipped to present a defence to the way in which they are handling the economy in the light of this development, reinforcing the general decline in the level of economic activity in Australia. [More…]
I repeat- it bears stressing many times- that we are now looking at a situation, putting to one side the external effects on the Australian economy, in which in 1979 unemployment will peak at between 9 per cent and 10 per cent of the work force, the worst level since the Great Depression of nearly half a century ago. [More…]
The economy will be going into a deeper recession. [More…]
I repeat, that is worrying enough, but in the total absence of any sensible, credible and practical Government response to the external forces that are now starting to impinge so disastrously on the Australian economy, one can only feel alarm at the lack of interest that the Government displays today. [More…]
The Government stands condemned for the way it has handled the economy, for its indifference to the implications of a continuation of present economic policies and for its total neglect of the external forces now working to the disadvantage of the domestic economy. [More…]
The disinterest of Government supporters in this motion of censure of the Government for its inability to run the economy properly and for the misleading statements by its leaders, particularly the Prime Minister (Mr Malcolm Fraser), in trying to convince the Australian people that the economy is in fact, in good shape indicates their uneasiness at the state of the economy and their refusal to listen to the very detailed and strong arguments that can be put forward to show just how badly the economy is being run at the present time. [More…]
We will concede immediately that there are substantial difficulties in controlling the economy in any country in the Western world at this time. [More…]
One has only to look at the key statistics for the economy to see that the situation is rapidly getting worse. [More…]
As this Government’s policies are brought to bear more and more on the economy, the situation gets worse and worse. [More…]
Employment is also a very important indicator of how the economy is going. [More…]
It means that the Australian economy is becoming far more capital intensive at the expense of employment right now. [More…]
The Minister for Industry and Commerce (Mr Lynch) said in a speech to the Metal Trades Industry Association at the end of February that the Australian economy has been recovering from recession for the past two years. [More…]
The figures I have produced show that the economy has been getting deeper and deeper into recession. [More…]
So we see that these spokesmen for the Government in respect of the economy are indulging in statements which in reality just have no basis whatever. [More…]
Equal pay for females was something which was socially justifiable, something which the whole of the economy should pay for and not just the male wage earners. [More…]
The absolute insincerity of honourable members opposite in regard to the real wage overhang and to wages, which they claim to be the destroyer of the economy, is shown in respect of payroll tax. [More…]
It does not guarantee effectiveness or economy. [More…]
It has been pretty shabbily treated today by the Government which has refused to debate the most significant matter in the political arena in Australia today, the handling and future management of the Australian economy. [More…]
It is expected that this will provide significant stimulation to the local economy in terms of employment opportunities and business confidence. [More…]
I ask: In view of the substantial cutbacks which are occurring in our mineral export contracts, and the resulting further reduction that will occur in our level of exports, and noting the substantial outflow of invisible earnings, with detrimental effect on the balance on current account, can the Treasurer assure the business sector of the economy that he will not pursue an intensification of the prevailing budget strategy which will lead to an even greater balance-of-payments crisis? [More…]
These have meant heavy losses by way of dollar income to the Australian economy. [More…]
As each year passes, air transport will become more and more important in the daily lives of Australians and more important to the functioning of our economy. [More…]
As the honourable member for Braddon, he was concerned during the critical period and I think he endeared himself to the people of Queenstown as a quiet and sincere man, ready to assist them at every opportunity, ready to talk to the miners, ready to talk to the people of Queenstown and to make absolutely certain that their town will continue as a viable town and contribute to the economy of Tasmania. [More…]
-Is the Prime Minister aware of the extreme confusion generated in the community generally as to where he stands in relation to the expansion of the world economy and the growth of world trade? [More…]
We have stated on many occasions that if there is to be a long and sustained improvement in the Australian economy inflation must be overcome as a prerequisite to renewed confidence, renewed investment, renewed employment opportunities and a greater level of activity within Australia for Australian corporations, enterprises and farms. [More…]
The report of the Organisation for Economic Co-operation and Development on the Australian economy is one to which I hope the honourable gentleman has also referred because some comments in that report are well worth noting. [More…]
Secondly, polices of more specific benefit to manufacturing industry, such as the investment allowance, have further assisted this important sector of the economy. [More…]
I have consistently outlined the sorts of things that we will undertake when we are in government to expand the economy in a moderate and carefully controlled way so that the sort of malaise which is debilitating it now can be overcome. [More…]
The country would be run a lot better without Fraser being here as he is at the moment, making a botch of the economy, with the unemployment the way that it is at the present time. [More…]
We in the Labor Opposition are extremely worried about that aspect of this measure because of the blinkered economic policies of the Government with an attack-inflation-only mentality which we believe is not sufficient to get this economy moving. [More…]
I am not suggesting in any way that bigger businesses should be excluded: They are the motor of our economy and certainly they must be helped, but we must give even more help to smaller businesses. [More…]
What small business needs more than anything else is an expanding economy. [More…]
What it is getting is a stagnating economy- the result of the false analysis and the false philosophies of the present Government. [More…]
It is only when we get expansions in the economies of the world- particularly in our own economy, over which we have a control, as has been suggested by Dr Witteveen, the Director-General of the International Monetary Fund, and by other leaders of the world apart from our own Prime Minister- when we get an extension of government spending, particularly in public works and in training and retraining in order to meet the great need that we have for more skilled people, and when we get local employment programs to do something for the half million Australians who are now unemployed that small businesses will really be helped. [More…]
He is just expressing what I have just expressed: The stagnation in our economy is hitting him and all small businessmen in the same way. [More…]
I suppose this legislation could be put up as response to the International Monetary Fund’s recommendation of last weekend, which was to the effect that the developing countries should be taking some significant steps to stimulate the economy. [More…]
Members on this side of the House believe in a mixed economy. [More…]
There are problems with international economy. [More…]
The Government recognises that small businesses are a vital source of innovation and entrepreneurial spirit, thereby giving vigour and drive to the private sector of the economy. [More…]
In an economy in which larger multi-product companies are common small businesses provide competition, both actual and potential, and facilitate the proper working of the price mechanism in the market place. [More…]
Small businesses are very diverse, operating in all sectors of the economy. [More…]
This acts as a dynamic influence in the national economy as well as providing a stimulus by way of innovating a new product development. [More…]
But I think that honourable members opposite know in their hearts that this Bill is good for the Australian economy and that it is good for small business. [More…]
We believe in a mixed economy. [More…]
The reason that small business is having great difficulty in Australia is that you have succeeded in giving us a non-expansive economy. [More…]
The Government has allowed the economy to sink or to contract to such an extent that all the confidence of the spending public has disappeared. [More…]
The stagnation of the economy is the big problem that he is facing. [More…]
It is when the economy is booming, when people are prepared to spend and when they have some confidence in the country’s future that small business can see some future and can make some profit. [More…]
While ever you people opposite do the things that you are doing, while ever you have this paranoia about the deficit and while ever you have this paranoia about reducing all the advantages that small business people want to see in the economy, then small businesses will fail. [More…]
The quicker the Government can see that this is the problem, the quicker the Government can see that the Australian people want to have some confidence in the economy which will lead them to spend, then the quicker that small business will get back on its feet. [More…]
We have to ensure that the 2.S million tourists who come to the capital city each year stay an extra day or two, because for every day they stay, they spend $20 or $30 which goes into the local economy. [More…]
It will not guarantee the regeneration of the economy of Canberra or of Australia which is required. [More…]
Obviously there are many areas, such as the economy and social services, which need administration at federal level. [More…]
Canada is the smallest economy which has been represented at those meetings. [More…]
A number of countries have an economy whose gross national product is between that of Canada and that of Australia. [More…]
Is it true that higher growth in the world economy is a vital factor in achieving increased employment and better living standards not only in Australia but throughout the world? [More…]
The tourist industry is certainly a very important aspect of Canberra’s future economy. [More…]
Quite clearly when major imbalances are created in an economy, as was the case during the period of the Labor Government, and when wages outrun productivity as they did, it takes some time for these matters to be put right. [More…]
In the years prior to the Second World War, and certainly subsequent to the Second World War, it became so clear that there were elements in this society at work to destroy the essence, the capacity and the efficiency of Australian industry that I can remember just prior to my first arrival in this distinguished House a whole page of the Sydney Morning Herald was taken to demonstrate that there were forces at work as a result of an international conspiracy whose purpose was to destroy the national economy of Australia. [More…]
The ANU project lends itself to flexibility of size, greater economy and production within Australia for export in a way which would restore our ailing motor car industry. [More…]
The nutrion of their own economy was sclerosed within their arteries and veins. [More…]
If this is the objective of the Government, what sorts of effects would such a dramatic reduction have on consumer activity and therefore the general level of activity in the economy? [More…]
I take the opportunity of saying again that the Government adheres very strongly to the view that, although there has been some improvement in the last two years, the gap between real wages and productivity is still one of the basic distortions in the Australian economy. [More…]
Is it not true that one of the substantial causes of this arises from the fact that there is a large degree of unused capacity in the industrial sector of the economy? [More…]
Is not the conclusion from that very simply that the Government’s single-mindedness emphasis in its attack on wages is misdirected and that, accordingly, if it is really worried about the so-called wage overhang the most successful way to overcome the problem is to provide careful stimulatory measures in the economy to expand it mildly so that productivity can pick up? [More…]
I point out to the Leader of the Opposition that in asking that question he exhibits, I think, the error into which a number of commentators and observers on the Australian economy fall and that is using over-simplistic labels to describe our economic policies either as restrictionist or expansionary. [More…]
The International Monetary Fund interim committee meeting which I attended last week discussed a range of problems that affect the world economy. [More…]
As a major part of analysing future trends in the world economy the question of restrictions in trade, particularly trade in agricultural commodities, was a major matter of debate. [More…]
During the flight the Prime Minister went back to economy class to talk to some members of the Press and also to a member of the Royal Australian Air Force. [More…]
If $40m is available to purchase five new luxury aircraft, the first priority for that $40m should be to stimulate the economy, to provide job security, to get the shipyards back to work, to get the men at Chrysler back to work, and to secure our economy. [More…]
There is a problem always- I suppose this is pan of the basic philosophy of taxation- in having different sectors pay for other sectors in the economy. [More…]
-I have often criticised the Treasurer (Mr Howard) for his complacency in a stagnating economy. [More…]
The volume of disaster in the economy was so huge that, naturally, the Treasurer’s attention was directed towards matters of more immediate moment than chasing a tax dodge scheme which, on the advice at that time, was not being used by the profession, by the people who have been so emotionally described by the honourable member for Bonython. [More…]
But at least a clear and definitive statement was made that the Curran scheme was recognised as evil and as a blot on the Australia economy. [More…]
But the same ardour which the Government has shown in pursuing people who have been ripping it off for pennies should be shown in pursuing the people who have been ripping the economy off for millions of dollars. [More…]
What a boost it would be to the national building industry and the economy if only one-half of those total tax avoidance funds had been spent on additional payments to the States for housing. [More…]
One can argue logically that the loss of revenue due to tax avoidance contributed to continued stagnation in steel and the economy. [More…]
One can only conclude that in respect of the motor vehicle industry, as in respect of manufacturing generally, the Opposition continues to talk the industry down, to talk the economy down. [More…]
As long as the Opposition talks the industry down and talks the economy down and convinces people that they should not spend, that they should put their further tax savings in the bank, of course there will not be a demand for motor vehicles or any other form of manufactured goods. [More…]
Consistent with the Opposition’s practice over the last two years, this motion is just part of its process of trying to create a lack of confidence when the Government is working very hard at creating confidence in the economy on the part of all concerned. [More…]
The fundamental distortions affecting the economy when the present Government came to office in late 1975 are gradually being worked out of the system. [More…]
The economy of scale factor is the basic problem of the Australian industry. [More…]
In any case, the economy of scale factor creates a vicious circle. [More…]
In this way an economy of scale situation could be approached, the cost of Australian vehicles would be reduced and jobs in the industry to some extent would be guaranteed. [More…]
In this way a reasonable economy of scale in engine production was to be achieved as only one plant would be allowed. [More…]
The result of such a policy would be a stagnating economy without any encouragement to develop productivity. [More…]
It is only the attempt of the Opposition to talk down that company, to talk down the motor industry in general and in fact to talk down the economy which has led to the suggestion that there is a long term problem with that company. [More…]
What a tremendous boost that would be to the economy because they would be able to go out and spend it. [More…]
We will make these laws retrospective to last year, pick up a cool billion dollars then the Treasurer will be able to stimulate the economy. [More…]
There are strong reasons for avoiding dislocation of the economy and for not infringing the rights of people who have settled their property rights over the past few years. [More…]
It might even help our economy. [More…]
It has been a substantial contributing factor to the recessionary nature of the Australian economy over the last two years, particularly in 1 977. [More…]
A lot of that expenditure normally goes into the private area because it relates to heavy capital works involving private contractors, building materials and so on- the sort of work which stimulates a lot of the private sector in the economy. [More…]
Severe cutbacks in that area lead to a very substantially reduced level of demand overall in the economy. [More…]
At a time when we have massive unemployment- in fact, the teenage unemployment rate is over 20 per cent- and at a time when we have a generally acknowledged shortage of skilled tradesmen, a shortage which will become horrific should this economy ever get back to something like normal rates of activity, we have the Government boasting about savings of $4m-plus on expenditure concerning apprentices. [More…]
They may be something which the Government thinks is good as regards keeping the Budget deficit down, but they are savings in area which are very important to people on this side of the House and savings which we feel are not in the best interests of the economy, either in terms of the priorities used or the overall level of expenditure. [More…]
This is what one would expect, given the much poorer performance of the economy than was anticipated in the Budget. [More…]
If a Budget deficit is increased by taking measures to offset unemployment, hopefully the greater level of activity will stimulate the economy. [More…]
Apart from inflation the only other aspect of the economy that offers any joy at present is the area of private investment, and that certainly has increased rapidly since mid- 1977, but there again one must bear in mind that this was to be expected because with the 40 per cent rate of the investment allowance being chopped back to 20 per cent in the middle of this year there is every incentive now for employers to utilise the investment allowance. [More…]
I would like quickly to mention something in regard to the international economy because something which has not been talked about very much in this House which is tremendously important to this country is what is happening to the international economy. [More…]
The nature of the world economy debate is on these lines: The growing world unemployment has caused alarm in many areas. [More…]
At the expense of a falling dollar, it has stimulated its economy quite enormously. [More…]
Our domestic economy, our resources and our capacity dictate that. [More…]
Its domestic economic policies are of a wrestler type- a half-Nelson hold suitable for wrestling the economy to the floor but hardly a basis for confidence, restructuring and growth, the ingredients which the economy so badly needs. [More…]
The problem with applying this wrestler-type approach to external trade is that other governments cannot be expected to respond as quickly as members of this Government to direction from above, nor will they knuckle under as our domestic economy can be expected to do. [More…]
Despite this Government’s claim to the contrary, a number of countries are concerned about the world economy and discussions about its problems have been under way for many years. [More…]
Obviously, the Opposition does not believe that an investment in political courage now will lead to any dividends for the Australian economy in the future. [More…]
The economy does not respond to that kind of stimulus. [More…]
When the OECD seeks to praise the management of the Australian economy, as it has done in the April survey of the Australian economy, its reports are branded as being biased and basically written by our Treasury. [More…]
I emphasise that the OECD has been consistent over a long period in supporting the basic thrust of Australia’s economic policy and recognising the basic constraints we face with regard to stimulation of the Australian economy. [More…]
The balance of payments is strengthening and the major imbalances in the domestic economy are being redressed. [More…]
In other words, problems do remain but the strategy of this Government, despite short term difficulties, is the only correct long term strategy for the Australian economy. [More…]
We need confidence in this country in the economy and I would ask the Minister for Environment, Housing and Community Development (Mr Groom), who is at the table, to draw the attention of the Treasurer (Mr Howard) to a report which appeared last week in the Australian Financial Review that persons associated with both VAM Ltd and the so-called militant wing of the New South Wales Liberal Party are trying to take over the New South Wales Permanent Building Society, which has assets of $700m. [More…]
Obviously I do not know what the Government will announce during the next few years, but since before the elections Government supporters have talked about the simplicity of running a national economy. [More…]
I am surprised that when the economy has been performing relatively well of recent times the Opposition should move such an amendment. [More…]
April has been a significantly better time for the economy than most of us would have forecast. [More…]
If the Government maintains its stance it points to a vastly improved economy in the latter part of 1978 and into 1979. [More…]
1 can say only that I am delighted to see some of the total aggregates in the Australian economy coming together as with this we can have some hope that the future is going to be much better. [More…]
I would hope, when one looks at the possibilities of falling inflation and a reasonable development of money supply, that in the latter part of 1 978 one will see an improvement in the economy; that the use of capacity in the economy will move up and as a consequence productivity and profitability will be infinitely better. [More…]
I believe this to be critical to the performance of the Australian economy in the coming 12 months. [More…]
We must look at the priorities of spending, at the areas in which the greatest return can be had in the Australian economy for the dollar spent in terms of the greatest dollar movement or multiplier that can be achieved. [More…]
A drift into those areas is totally destroying to any growth economy. [More…]
We must have a growth economy if we are to see higher levels of employment and personal satisfaction in this nation. [More…]
One can see from the Government accounts that are available today some of the strains that are undoubtedly inherent in the management of the economy. [More…]
If we attempt to set both quantity and price we surely will misread the economy. [More…]
Honourable members will recall that, in discussing criticism of what the Government’s budgetary policy was doing to the economy generally, the honourable member for Gellibrand referred to the question of government spending. [More…]
So, at a time when the economy is stagnant, there is encouragement to the capital intensive sphere. [More…]
The Government, by its attitudes to public spending and other matters, must accept full responsibility for the stagnant nature of the Australian economy. [More…]
It means that young people seeking apprenticeships in this stagnant economy are unable to find them. [More…]
Let us look at what the stagnant economy that this Government has caused is doing to the people in this sphere. [More…]
I think that is the answer to allegations of dole bludging and it gives a fair example of what we are doing to the young people in the community by depressing the economy. [More…]
One of the most effective methods is to put some stimulus into the economy so that there is not this dreadful round of stagnation in the economy. [More…]
It may well be that because of advanced technology some stagnation will occur, and I accept that, but it does not excuse governments for not planning for that sector or for not trying to construct an economy that has some vibrancy in it instead of an economy which is artificially depressed. [More…]
Fewer jobs will be created and inflationary problems will be built into the economy notwithstanding the efforts of a determined government to conquer them. [More…]
He was amazingly well informed on the retail trade and whenever we were dealing with the necessity to give a stimulus to the economy or to impose restrictions you could bet your life that he would give data which would make you better informed than if you relied on official sources. [More…]
Will he give a further undertaking that he will now carefully examine all other departments and government agencies, instrumentalities, statutory authorities and the like to see what other divisions can be abolished or amalgamated, so that the enormous cost of maintaining highly-paid senior public servants in jobs that are unnecessary and could be done with greater economy, can be effected? [More…]
It is worth noting that as a result of a continuous scrutiny of the Public Service generally and of non-Public Service employment in the Commonwealth sphere the general staff ceiling level policy has been operated very firmly but with great effect, without diminishing services to the public but with enormous economy to the taxpayers of Australia. [More…]
In the case of the tax avoidance schemes debated earlier this week, the scale was obviously so great and the Government’s depression of the economy is now so extensive it simply could not afford to look after its friends in the taxation dodge business. [More…]
For the best part of the last 10 or 15 years, there has been significant depression right throughout the rural economy. [More…]
The decision follows consideration by Cabinet in the past two days of a general review of the economy. [More…]
Private investment is essential for the welfare of the economy and the maintenance of full employment. [More…]
Because of the importance of the wool industry to the Australian economy there is an urgent need for the Commonwealth to tackle the serious economic problems of the industry with the object of formulating constructive action to enable the industry to regain its former viable position. [More…]
One of the essentials when it comes to planning the future of the economy is that the national government should have power over the raising of a levy. [More…]
The problem with the legislation which is before us- particularly Stage 2 of the new federalism policy, which will supplant it later- is that it leads to a situation where the national Government is going to lose entirely its ability to influence total demand in the economy. [More…]
If we hand over the final decision as to the level of income tax we will hand over the ability to influence directly total demand in the economy. [More…]
It will make the economy all that much more difficult to manage as far as the whole nation is concerned. [More…]
On the one hand we have the honourable member for Perth, presumably supporting this Governments policy, urging continued demand management and on the other we have the Premier of Western Australia talking about the need for expansion in the economy. [More…]
In many respects the Premier goes further than the Labor Party in his advocacy of centrally planning the economy. [More…]
I thank the honourable member for Berowra for bis question relating to investment in the manufacturing sector of the Australian economy. [More…]
One of the principal successes of the Government’s economic policy has been the very strong revival that has taken place in investment in the manufacturing sector of the economy. [More…]
These figures reflect a new sense of confidence by the manufacturing sector- a confidence generated by the Government’s economic policies and the specific measures that we have taken to place the manufacturing sector of the economy on a sound basis for future growth. [More…]
In 1949, rural research was that most demanded by the nature of the economy. [More…]
In fact, as one can observe from the rapid growth of married women in the work force, reaching over 22 per cent of the total work force as of November 1977, they play an extremely important role in the country’s economy. [More…]
That Act was designed to implement policies for reestablishing discharged servicemen and service women and for resettling workers displaced as a result of an economy changing from a war-time footing to a peace-time consumer economy. [More…]
I want to expand a little on why that should not be so and why indeed there is great benefit to all- to employers, the unemployed and others seeking jobs, and to the economy as a whole- if there are other agencies operating in that area and providing competition. [More…]
Even if we accept the dubious thesis of the Government that curing inflation will reduce unemployment- a theory which still seems to be contradicted by facts- reducing the rate of inflation will not solve the problems of structural unemployment, which are clearly growing in this economy. [More…]
We have urged upon this Government a positive manpower policy to face whatever long-term problems we fear confront this economy. [More…]
I refer to the fact that when we were in power, there was a great deal of stability in the economy. [More…]
Despite all that has been said in this debate about the restructuring of our Commonwealth Employment Service, about the advances that have been made and about the need for those advances, what must be constantly borne in mind- I recognise that the Minister made this point in his second reading speech- is the need for stability in the economy. [More…]
It is that factor, too, which aids the building of a sound economy. [More…]
But the basis of defeating the unemployment problem, the basis of getting the figures down and keeping them down, is a stable and prosperous economy. [More…]
In deciding conditions under which other nations should be permitted to fish within the zone, three main conditions are involved: Firstly, support for the Australian economy and assistance to the industry in developing the capability to utilise these resources; secondly, proper management of the resources; and thirdly, assistance in acquiring the knowledge necessary to establish good management practices. [More…]
He led Australia through the boom years of the 1950s and into a period of unprecedented national development in the economy, industry, agriculture, the arts and learning. [More…]
On at least two occasions he took independent action to ensure that changes were made which improved the trends in the economy. [More…]
For some time the Government has been concerned about the inadequacy of material and research relating to the small business sector and the difficulty that this poses for the Government in the formulation of policy for that very important sector of the Australian economy. [More…]
Stability in currency values is one of the prerequisites for a strong and healthy world economy and for the growth of international trade. [More…]
I pointed out that there is no balance; that the present approach must be corrected; that the Government was too excessive in the way in which it was handling the economy; and that it was forcing tens of thousands of people needlessly into unemployment. [More…]
When the Fraser Government was elected to office in December 1975, it was abundantly clear that one of the challenges of management of the economy in difficult conditions was to arrest the rapidly spiralling costs of health care. [More…]
The House is well aware of the fact that this dispute has cost something like $ 1 m a day in exports which obviously has a serious effect not only on the Australian economy but also on the economy of the region that I represent. [More…]
The House is also no doubt well aware that had there not been such a disgraceful lack of adequate coal loading facilities the power of a small, selfish and reckless group of government employees to disrupt the economy of that region could not have been exercised. [More…]
New South Wales is a crisis State, under a Premier who is now busily engaged in trying to divert attention from the consequences of determined and deliberate policy decisions which have brought about this crisis and which have created a situation in which a $lm a day dispute by employees of the Government can so seriously damage a region and so seriously damage the economy of the area. [More…]
It is interesting to look at the other activities that the Wran Labor Government has undertaken in destroying the economics of the area and affecting the economy as a whole in relation to exports. [More…]
Because of the disastrous languishing state of the Australian economy, because the Austraiian economy is failing to grow- it was even growing negatively in the last quarter of last year- and because of the contraction in the economy, steel production is down and the steel production which is not available for sale domestically is of course being exported to other countries. [More…]
The issue is quite simply that the present glut is the conscious result of Federal Government policy, both in trading and the management of the domestic economy through cutbacks in BHP steel production. [More…]
Honourable members would well know that in towns like Lithgow the economy has been substantially and traditionally based on coal. [More…]
That all words after ‘That’ be omitted with a view to substituting the following words: whilst not opposing the Bill, the House is of the opinion that it fails completely to provide the necessary stimulus to the Australian economy, and represents the continuance of ultra-conservative policies which have considerably deepened economic recession in this country, created high and increasing levels of unemployment and reduced the living standards of the Australian people. [More…]
It introduced virtually no restrictions at home; it superimposed a wartime economy on top of a peacetime economy. [More…]
It does not seem to realise that the reduction in the rate of growth in the Australian economy has been brought about by its own foolish policiespolicies which must create more and more unemployment. [More…]
The Opposition makes very clearly and very forcefully the point that the Government has to adopt a new approach, that it has to set about stimulating our economy. [More…]
The only way in which the economy can be stimulated is by government action. [More…]
While the Government adopts its present policy of virtual strangulation of the Australian economy, business and industry will not gain the necessary confidence to improve the position. [More…]
The Opposition moved as an amendment to these Bills that the Government does not provide stimulus to the economy and it went on to charge that the Government has deliberately created unemployment in its fight against inflation. [More…]
On this particular matter of public spending I think it is important to point out that the Opposition ‘s constant charge that public expenditure policy is too restrictive and, as it would have it, is bringing the economy to ruin is without foundation. [More…]
Thus while we certainly have reined in the mad spending spree of the previous administration which threatened to destroy the whole balance and viability of the Australian economy recall that increase of fully 46 per cent in the one year 1974-75 which, be it noted, was accompanied by the most rapid increase in unemployment ever recorded - [More…]
Some people talk as if the Fraser Government is applying a straitjacket to the economy. [More…]
The idea that the Labor Opposition tries to project, that the Government’s policy is restrictive to the point that it would put Australia and the Australian economy in a straitjacket is way off the mark. [More…]
Yet taking the economy as of now one is bound to concede that the level of economic activity is more subdued, flat, than we would like. [More…]
Rather we are dealing with a situation of continuingalthough, happily, falling- inflation and unemployment, the two things resulting significantly from major elements of imbalance in the economy stemming in large measure from the Whitlam years, and also associated with structural and other factors which are very complex and difficult to remove, offset or change quickly. [More…]
In addition to that and related factors there have been at work major structural changes in the economy. [More…]
There can be no return to a buoyant full employment economy without a restoration of manufacturing- so policy has to recognise this fundamental structural aspect. [More…]
That performance is as good or better than the experience in previous downturns in the Australian economy. [More…]
But because of the deep seated imbalances in the economy, and the structural difficulties to which I have referred, other factors, especially unemployment, have not moved as we would wish. [More…]
Nevertheless the basic settings of the economy are, as I said, turning in the right direction. [More…]
The reduction of interest rates is perhaps the most powerful and pervasive stimulus the economy can receive. [More…]
Next, the implication of what I said earlier is that there are two broad areas of policy with which the Government is concerned in order to restore the type of economy we all were used to. [More…]
Some people are calling for an expansion of government activity in order to stimulate the economy. [More…]
The economy has come a long way but it is not yet out of the woods. [More…]
The British economy since 1971 speaks volumes on the subject of premature reflation. [More…]
Although predictions for the second half of the year ahead are encouraging, growth of the economy during the first half of the year is anticipated to be only modest. [More…]
In neither case would the poor suffer and the benefits accruing to the economy and hence to the unemployed would be considerable. [More…]
The Government has failed to provide a stimulus to the economy. [More…]
-I shall not follow the honourable member for Shortland (Mr Morris) who took us away from the main train of debate on the national economy to deal with the subject of transport, an area for which he is the Opposition’s shadow Minister. [More…]
It is almost comforting to record that, in the Australian economy at the moment, 93 per cent of those who claim a desire to work are able in fact to find it. [More…]
The Australian Industries Development Association, a body well known to the honourable member, a body which is interested in establishing the facts in the Australian economy. [More…]
I want to turn to a particular aspect of recent times and to consider some of the foreign policy developments, their trends for the future and how they may affect our economy. [More…]
I wonder whether those circumstances, which have led correspondingly to increased pressure from the countries in the ASEAN group to seek an increased allocation for their imports into the Australian economy, can be identified as being associated at that time with the decision of the Australian Government. [More…]
The fact is that, as the years go on and technical capacity increases, from within the ASEAN group in our own region will come greatly increased pressure upon Australia to open up the Australian economy for the goods produced in those countries. [More…]
I believe that the Australian economy will have to become far more efficient. [More…]
We heard the former distinguished and popular Treasurer, the former member for Melbourne Ports, repeating that if an increase were put into the economy by the arbitration system then the impact would be upon those who were already unemployed and who were seeking further employment. [More…]
Although one can see some justice in the comment that the present Government has been in power since 1975 and that it is well into the third calendar year since then, the fact remains that the great harm done to the Australian economy was in fact done from the end of 1972 to the end of 1975. [More…]
The truth of the matter is that it takes a great deal more time to build up an economy, which is always sensitive and always fragile, when it has been struck the sorts of violent blows that were struck in those years. [More…]
I have no doubt that within these next two Budgets the Australian Government will have to retain the firm hand that it has been exerting upon the Australian economy in recent years. [More…]
I know of nobody who can bring into a speech in this House, particularly when he is dealing with the economy, a more ritualistic approach. [More…]
It was handed an economy which had some points of weakness. [More…]
This debate is not just about the economy. [More…]
Thirdly, it is reducing net employment opportunities generally by further prejudicing the position of those industries more suited to Australian conditions and which could be expected to contribute more to the economy’s growth. [More…]
This matter is particularly brought to your notice in the light of the many initiatives of your Government in encouraging exports from this country and in your efforts generally to bring the national economy back to buoyant stability. [More…]
The Australian economy in 1 978 is characterised by high and rising unemployment, under-utilised capacity, depressed profits, a deteriorating balance of payments, growing uncertainty about the future of our manufacturing industries, increasing poverty and declining living standards for the great bulk of the population. [More…]
For instance, within our own economy governments must contend with the consequences of our changing population composition due to a declining birthrate and reduced migration. [More…]
External forces are also forcing structural changes on our economy. [More…]
The world recession and increasing instability of the world economy create grave problems for governments. [More…]
The increasing internationalisation of production stemming from the power of highly mobile multinational corporations has further added to the instability of the economy and poses special structural difficulties for Australia, allied as they are to the industrial revolution in South East and East Asia. [More…]
Introduction of even the mild economic planning proposed by the Vernon Committee in the mid-1960s could have facilitated structural changes in the late 1960s and early 1970s when, in an era of world-wide economic growth, our economy would have been able to absorb such changes readily. [More…]
But the doctrinaire refusal to contemplate any form of planning whatever meant that the structural distortion of our economy has been cemented and entrenched and, as a consequence, medium and long term policies are now an even more necessary condition for coping with them. [More…]
I particularly stress the need for overall economic planning since planning in particular sectors of the economy only, though perhaps of benefit to that sector, will not necessarily be of benefit to the economy as a whole. [More…]
We are not talking of a centralised authoritarian plan imposed on the economy without consultation with those involved. [More…]
We would ensure that all significant sectors of the economy, including the unions, were closely consulted and involved in the planning process. [More…]
Also, in this respect it is difficult to believe that a government that had a comprehensive economic plan would not be in a better position to assess the impact on its economy of a sudden drastic event such as the oil shock of 1973 than would a government which had no plans at all. [More…]
The former would surely be better placed to assess the impact of that exogenous factor on its economy and to decide how it could best adjust to it. [More…]
having the capacity to concern itself mainly with the medium and long-term aspects of the industrial structure of the economy, and to act as the prime source of advice bearing on these aspects of economic policy. [More…]
This model, which is designed to assess the impact of demographic and structural change on the Australian economy would, with its component forecasting and inter-industry models, be able to be utilised in association with the Treasury’s current short-term national income forecasting model to ensure greater integration of economic policy. [More…]
For far too long we have continued with a scissors-and-paste approach to the economy which was abandoned by most comparable countries many years ago. [More…]
It is within the context of that sort of recommendation that the present Government has created these groups which have a capacity for economic input to allow forward planning of the economy, not to be done in an authoritarian and dictatorial way by the Government but in consultation with the people who will be affected by it, that is the business community and the unions. [More…]
I interpose here to stress that this Government’s attitude is that its management of the economy should be in consultation with private enterprise, that it should receive advice from and not dictate to the private sector. [More…]
I underline that already within this Government there is immense scope for economic input on what sort of direction this economy should be taking. [More…]
The Industries Assistance Commission, as the honourable member for Gellibrand said, has an impact study which is a long term structural model of the Australian economy and is well advanced. [More…]
The paramount need as we see it is for governments, industry and the public to have access to the best assessment of what is economically possible and of the dangers that must be avoided or overcome if the economy is to achieve its maximum potential for growth with stability. [More…]
If anything, we need greater non-bureaucratic intervention in guiding the economy, not dictating it. [More…]
Holland is bringing about this greater co-ordination and is more satisfactorily organising its economy. [More…]
Indicative planning recognises the continuance of a market sector in the economic system, with a vital role for private enterprise, and it proposes that the Government should provide the private sector with information about the desired structure of the economy, the resources available, trends in their supply, and so on. [More…]
The view of the Opposition is that a mixed economy like that of Australia relying solely on the market place, even if successfully stabilised along Keynesian lines, will not produce an optimum industry structure or the maximum possible rates of growth in either employment or real standards of living if the present framework is allowed to continue. [More…]
Rather, what the Opposition believes is necessary to get the economy performing as well as it possibly can are industry and manpower policies designed to consolidate and increase the position of our manufacturing industries by facilitating the changes necessary to improve their international competitiveness. [More…]
First of all, he referred to the structural disorder of our economy. [More…]
Although I hesitate to go back into those disastrous years between 1972 and 1975, it is quite staggering that the honourable member should talk about the structural disorder of the economy now when we are aware of the disorder that occurred in those three years. [More…]
In the time that the Fraser Government has been in power, probably honourable members opposite have educated themselves on the economy a little more. [More…]
There has to be a sensible balance maintained between both of these sectors so that it is possible for both sectors to be supported without throwing strains on to the economy. [More…]
The economy is stimulated only by a restoration of faith in the future of all Australian people, in particular the business community. [More…]
It does not give a lasting effect to stimulate the economy artificially in any way or to stimulate it by increasing the size of the public sector. [More…]
As I have said, these long term policies which are administered by our government departments will take Australia and the Australian economy on to much better things. [More…]
I believe that the Joint Committee on Constitutional Review in its 1958 report made the point not once but many times that the inter-relationship of a national economy had developed far beyond what was conceived in 1901. [More…]
We now have a mature single national economy not the sort of loose congregation of several separate economies as was believed to have existed at the time of Federation. [More…]
In all cases where measures such as this are introduced there is an incidental spin-off which would afford some bounty to our economy. [More…]
Most significantly, we had decided to provide ASTEC with terms of reference wide enough to encompass the impacts of scientific activities throughout the economy and society as a whole. [More…]
Now, we recognise that in a mixed economy technology provides the muscle of industrial and rural development. [More…]
At the meeting yesterday with representatives of the Metal Trades Industry Association the broad concerns that we have in these areas were expressed and we also indicated that we wanted to do what we could to achieve an overall beneficial result, recognising that in the longer term if that leads to a stronger Australian economy it will lead to a stronger industrial economy in Australia. [More…]
In the interests of economy and efficiency, my Department will seek to limit approved assistance while at the same time preserving the consul’s flexibility to respond to individual human problems. [More…]
Obviously not every limitation encountered in our consular services will be the result of economy measures. [More…]
Her Majesty’s most loyal Opposition, when it happens to be a Labor Party in any parliament of Australia, is accused of irresponsibly wrecking the economy, the country, law and order and national security; yet Labor Party governments have done more than any conservative government, or its closest friends among the media, to set up schools, tribunals, conciliation and public awareness of the facts about who is running the country. [More…]
Without the bush resources economy, as [More…]
It was the Federal Parliamentary Labor Party which caused the fundamental problems to the Australian economy, which generated unemployment, which let loose the worst inflation in history, and which has hurt the poor and the needy more than any other section in the Australian community. [More…]
The Labor Government’s approach to paying for health care and hospital costs was typical of its general approach to the economy, which was the money-no-object philosophy. [More…]
I think this primarily arose from economic changes in the economy as a whole. [More…]
The concept of a market rent is an artificial meaning in an economy where funds for housing are severely restricted from time to time because of the requirements of short term management of the economy. [More…]
We also need to use this building program as a stimulus to our stagnant economy. [More…]
It can be argued that what is good for housing is good for the Australian economy. [More…]
This is an area of the Australian economy that needs an urgent stimulus and there are social problems facing people who need housing for their families. [More…]
The economy is getting into an even deeper and deeper mess. [More…]
However, if it is something that is very important to the national economy we will not hear about it. [More…]
If the Government were responsible for the mandate it was given it would have a clear idea where it was heading with the economy. [More…]
I understand that the President is too busy, but that is not surprising in view of the report he would have got from the Vice-President, Mr Mondale, on what the Vice-President thinks of the Australian Government, the Australian economy, and the personality that has intruded itself into the efficiency of government. [More…]
I suppose this Leader of the Opposition who wishes to have nothing but doom, who wishes to cry down the economy, who seeks to attack and destroy its strong points at every moment, is very disappointed in that. [More…]
We have established confidence in the economy and that will grow as our policies continue. [More…]
There has to be restructuring in the Australian economy, but that should proceed according to a clearly conceived plan which is available to, and understood by, the public. [More…]
The Opposition is saying that if we are to provide a stimulus for the Australian economy we should provide it through public sector spending, through building public sector housing. [More…]
The economy can take it. [More…]
It is an under-utilised economy. [More…]
The building industry is an under-utilised area of the economy. [More…]
He went beyond that and claimed that money provided for housing should be used to rev up the economy in a thoroughly artificial way. [More…]
The economy of scale, as the honourable member for Maranoa (Mr Corbett) has pointed out, is not the only factor in considering the housing of the underprivileged people of Australia. [More…]
The health of the housing industry is directly related to the health of the economy as a whole, and now that the economy is on a stable footing it is to be hoped that there will be a brake on any increases in home building costs. [More…]
Apparently the long term bond rate is an objective force in the Australian economy over which humanity and governments have no management or control. [More…]
I am regarded as a slight heretic on this side of the House on the question of interest but, disregarding the basis upon which interest is generally calculated as part of the economy, the fact is that interest rates have become a generator of inflation and not a product of it. [More…]
We know that whereas there was exponential growth in the 1950s, the 1960s and the early 1970s, there has been a flattening out of the world economy and there is not now the same demand for energy. [More…]
What we are concerned to have is proposals that will overall strengthen the Australian economy, and that will overall strengthen the world economy and the world trading situation. [More…]
The importance of the relationship will continue but the present pattern of economic interdependence will change as the structure of Japan’s economy and Japanese economic and foreign policies change. [More…]
The health of the Australian economy is importantly affected by the level of economic activity in Japan. [More…]
Further, it means that the capacity of our economic system to remedy defects in the system will be restrained compared with what we have been used to unless certain adjustments are made within the Australian economy as a response not only to this immediate problem but also to the structural imbalances which have developed in the Australian economy over the longer term and which portend serious problems even in the absence of the present world economic downturn in the future. [More…]
We have seen that in recent times because of the inadroit way in which governments handled our exchange rate relationships and the domestic economy at a time when rapid and massive capital intensification in investment was taking place in the mineral industry. [More…]
Analysis of these items shows that it is overwhelmingly due to the fact that the economy is far more recessed than the Government estimated in August last year, or should we say hoped it would be. [More…]
So in respect of sales tax we can see that the recessed state of the economy is an important reason for the substantial shortfall in receipts. [More…]
The large shortfall in customs duties clearly is due to the recessed state of the economy. [More…]
The Commonwealth Bank’s economic newsletter recently looked at trends in the economy and just a glance across the headings of the various items show how pessimistic it is about the prospects of the economy. [More…]
These are all indications of the fact that the economy is anything but likely to stage a brilliant recovery in the near future and, being as unbiased about the situation as one can be, it is difficult to have any optimism about economic recovery of any substantial nature in the near future. [More…]
The cutting of government expenditure at any time has the effect of reducing the level of demand in the economy. [More…]
It must be borne in mind that the government sector is a very important sector of the economy. [More…]
So it is likely that a substantial cut in government expenditure at this time will only add to the recession by reducing demand at a time when the economy is patently short of the demand needed to generate economic recovery. [More…]
If the Government is to approach the problem of a blown-out deficit by cutting real government expenditure it may still be faced with a high Budget deficit but at much lower levels of economic activity, because by cutting the level of government demand it will be pushing the economy further into recession thereby reducing receipts and increasing certain expenditure such as the unemployment benefit. [More…]
In his speech entitled ‘International Monetary Influences on the Australian Economy’ he said: [More…]
For this reason, a more objective discussion would be in terms of some estimate of what the outcome of the Budget would be (at existing tax rates and unemployment benefit rates) if the economy were at some acceptable level of employment; and on such a definition the cyclically adjusted’ (or ‘high employment’) Budget outturn for Australia has, on any reasonable estimate, been recently in considerable surplus- despite the clear need for a cyclical stimulus. [More…]
If that is in surplus at a time when one needs to have a deficit to expand the economy one is adopting the wrong policy stance. [More…]
Government is about to pursue in the coming Budget will simply grind the economy into further recession and will blow out the deficit even further. [More…]
We say that the Government should totally reverse its policy stance, cease the policy of slashing government expenditure and face up to the fact that what is needed at present are expansionary policies, policies which will enable the economy to get going and in the process of economic recovery, reduce the deficit. [More…]
In this area we point to the investment allowance which in our view is not helping the economy one iota. [More…]
No one is talking about that sort of stimulation to the economy. [More…]
We are talking about the need for careful stimulation of the economy- one within broad monetary targets- and that can be done. [More…]
We advocate that the best approach is to adopt the policy of stimulating the economy by various expenditures and perhaps by cutting some taxes- by subsidising the States so that they can cut payroll taxes or by cutting sales tax. [More…]
So, there are various ways in which the Government can go about stimulating the economy and reducing inflation. [More…]
It seems to be putting interest rate reductions first, rather than allowing them to come along with an improvement in the state of the economy. [More…]
We would prefer to see interest rates reduced along with an improvement in the economy rather than put the reduction in interest rates first. [More…]
In fact, what should be appreciated by this House is that the Opposition consistently has been calling for the Government to ‘ rev up’ the economy. [More…]
‘Stimulate the economy’ are the very words that the Opposition spokesmen on economic matters have been using in relation to economic matters. [More…]
So, we reject this call to ‘rev up’ the economy. [More…]
We take the view that there is some noticeable improvement in the economy and that is the only way that we will see a return to longterm prosperity. [More…]
The electors recognise that there is some improvement in the economy. [More…]
They realise that there is no easy way out for an economy which is still running at a considerable deficit. [More…]
If the Opposition wants to ‘rev up’ the economy again it would be doing so by the demand on taxpayers. [More…]
Each of these results was promoted by the lack of confidence which people have in the Australian economy, and is it any wonder in view of the schemes that this Government has put forward to the Australian people as part of what should be a responsible economic program? [More…]
The honourable member for La Trobe rejected the call to rev up the economy. [More…]
Never mind the fact that this policy has locked us into a situation of very high unemployment which of itself tends to wind down our economy. [More…]
The Government proposed in its Budget Estimates last year a two per cent increase in employment which perhaps would have helped the economy to some extent had it occurred. [More…]
Unemployment is soaring and consequently people are losing confidence in the economy and are refusing to spend. [More…]
Of course the economy is winding down. [More…]
Of course we would not disagree with an increase in the deficit if Commonwealth funds were being injected into the economy to get people back to work. [More…]
If money is not made available on a federal basis for both federal and State works, of course the economy will wind down. [More…]
If ever there were a policy calculated to make our economy go further into recession, then this is it, because the biggest spender in Australia is the Government. [More…]
Every person we put out of work will decrease the level of the economy even further. [More…]
The sooner this Government is prepared to accept that advice, to reverse its paranoia with inflation, to reverse its paranoia with the deficit, and to get on with the matter at hand- the matter of injecting confidence into the economy- the sooner we will be able to correct our situation. [More…]
Why will the Government not invest in our future, invest in the future of the young Australian unemployed and inject some money into the economy so that the unemployed people can go back to work, so that the economy will start to pick up, so that confidence will be restored, so that consumers will start to buy and so that the revenue that should come to government will do so? [More…]
The fact that we are fighting against each other is having a detrimental effect on the economy of Tasmania. [More…]
Honourable members from Tasmania come to Canberra and continually fight for the economy of Tasmania. [More…]
He said that the problems of Nova Scotia in some ways were similar to the problems of Tasmania, in relation to its small population and economy, its dependence on forestry and fishing, and the increasing emphasis in that area on tourism. [More…]
I remind him that on 2 May I asked him a question in relation to an in-depth analysis of, or a prepared paper showing, the short term and long term implications for the Australian economy in relation to uranium mining and export. [More…]
Has Treasury prepared a paper showing the short and long term implications for the economy resulting from uranium mining and export? [More…]
The Minister for Industry and Commerce (Mr Lynch) is regularly stating in what I consider to be a rather glib way that confidence has returned and that all we have to do now, having created the conditions for an improved economy, is sit back and wait for the private sector to do the right thing. [More…]
I notice that in America it is now called ‘hesoflation’, because one of the effects of the downturn in the economy throughout the Western world has been a hesitancy to invest. [More…]
This can be achieved by helping to lower the rate of employment and inflation and at the same time by consolidating and increasing the position of manufacturing industry in our economy. [More…]
Within the Australian economy three important sectors which have the capacity to meet these objectives are the rural, mining and manufacturing sectors. [More…]
Indeed the economy generally is likely to get worse until something is done about the position of manufacturing industry. [More…]
In the course of the last half year the IMF and also the Organisation for Economic Cooperation and Development have become greatly concerned at the recessed state of the world economy, the continued massive imbalance of balance of payments accounts of the various countries, the consequent violent fluctuations in exchange rates and the ever-growing queues of the unemployed. [More…]
It also claims that it has expanded its economy, anyway. [More…]
By this, we mean that instead of having the world economy led by the locomotive economies, we are going to have movement forward together with all countries reflating, adopting expansionary policies and, by the process of expanding their economies, taking in more imports from other countries, thereby expanding exports from other countries, so that all countries can expand their economies without balance of payment problems. [More…]
During an Executive Board discussion of the World Economic Outlook last January, there emerged a general consensus regarding the policies and conditions that would be necessary for sustained improvement of the world economy: a more effective functioning of the international adjustment process, and a reappraisal of domestic policies from the standpoint of encouraging noninflationary growth. [More…]
If the rest of the world adopts expansionary policies there will be more demand for our exports, more employment in our export industries and their supplier industries and more capacity for us to expand our own economy without running into balance of payment problems. [More…]
It is in our interests to see, therefore, that the world economy is running at a faster rate so that our export industries can profit and we can pursue more rapid expansionary policies without balance of payment problems. [More…]
It is absolutely extraordinary that it is discouraging the adoption of policies in other countries that would be of such assistance to our economy, particularly when it is concurrently seizing every opportunity to clamour for a reduction in the level of import barriers in other countries so that we can export more. [More…]
Furthermore, the economic policy being advocated by the Australian Government is so obviously opposed to the interests of Australia’s export industries in particular, but also to the economy as a whole, that the Opposition feels it incumbent upon it to express its concern by moving an amendment to the motion that the Bill be read a second time. [More…]
For example, the honourable member for Gellibrand gives the impression that the IMF has abandoned the importance of inflation as a major issue affecting future growth in the world economy and in individual countries, and that it has switched from a policy of fighting inflation first to a policy of putting growth first. [More…]
We have far too little scope for such debates and as a result we tend to ignore and neglect the fact that what happens in the world around us and in the international economic community is of fundamental importance to the health of the domestic economy. [More…]
Unless the Government gets rid of the present state of stagnation the economy will not get moving. [More…]
It may be pure coincidence- I do not think it is- that in those days the world economy as a whole was far more stable than it is today. [More…]
There cannot be too much wrong with the economy. [More…]
The facts of the matter are that this Government has an outstanding record of bringing some sense and stability to the economy after inheriting what was a near hopeless mess after the Labor Administration of 1972-75. [More…]
But in doing this, we then enter into a plutonium economy and the Government’s policy would be in opposition to that of President Carter. [More…]
There is a levelling out of the world economy. [More…]
I take it that the Government dismantled the Road Safety and Standards Authority as an economy measure which saved it the magnificent sum of $ 1m. [More…]
This in turn will mean not only that it will be much more difficult to have a planned economy in this country but also that the people will suffer because if the States do not do it the services which they offer, the capital works which they undertake and employment by the States, will be dramatically reduced. [More…]
This shows that the short term attitude towards the economy taken by the Australian people is, to say the very least, in a downward trend. [More…]
It is not the way to get our economy moving so that we are all better off. [More…]
We need a return to a higher level of activity in the world economy. [More…]
Giving these people less spending power- and this would be possible under the options put forward by the suspended Minister for Finance- would only result in a worsening economy. [More…]
Investment figures are not an indication of what is happening in the economy. [More…]
They were given no option over the acquisition of land for the purposes of whites, the white culture and the white economy. [More…]
Notwithstanding our vast mineral wealth, unemployment is at record levels, the economy is stagnant and the rate of inflation in Australia is higher than rates in comparable OECD countries. [More…]
I would remind the honourable gentleman that so far as manufacturing industry is concerned the improvement in the Australian economy which is now becoming increasingly evident will set, in the view of the Government, a much stronger growth rate for manufacturing industry during the second half of this year. [More…]
Whilst administering strong blows to the economy’s public sector it simultaneously attempts to galvanise it into action by stimulating its private sector. [More…]
However, the hapless economy has been more stunned than stimulated by these primitive measures, the only achievement being some reduction in its body temperature as measured by the rate of inflation. [More…]
The Opposition says that it is no wonder that concern exists within the community, that there is increasing concern from the business sector about what this Government is doing and that demands are being made on the Government to start to do something to stimulate the economy. [More…]
If it does that, it will certainly bring about a much more recessionary influence in the economy than it has done already. [More…]
If we look at the state of the economy now, we can see why the business sector and other sectors of the community are so concerned about what has happened already under this Government. [More…]
There is no prospect for most of those people obtaining jobs in the near future until the Government stimulates the economy and jobs are created. [More…]
Those cuts in government expenditure will mean that the deficit will be cut back, but they will have the effect also of further pushing the economy into recession. [More…]
To treat a deficit which is blowing out because of a recession by adopting measures further to cut government expenditure is to give precisely the wrong treatment because it will mean that the economy will be more recessed. [More…]
If the full employment position is one which gives some stimulation to the economy, that is the appropriate factor to bear in mind and not the fact that the deficit as it is now, at a point of enormous recession, is substantially blown out. [More…]
The Government welcomes this opportunity, in the last week of this parliamentary session, to debate the matter of the state of the economy. [More…]
I was somewhat disappointed that he got himself lost in the rhetoric in which the Opposition is inclined to get lost when talking about the economy, instead of recognising, as I hope all honourable members on both sides of the House recognise, that the further progress which obviously needs to be achieved in solving the economic problems of Australia is not going to be achieved through using simplistic descriptions of alternative economic strategies. [More…]
One of the persistent mistakes which the Opposition has made over the past three or four months- indeed, it is a mistake which is repeated by people in sections of the community who have the habit of commenting regularly on political matters- is to use simplistic labels in describing this Government’s approach to the handling of the Australian economy. [More…]
The truth of the matter is that the Government has for a considerable period followed a policy mix which it believes is the right one for the current conditions of the Australian economy. [More…]
The most recent comprehensive report to come from either of those bodies is the recent OECD survey of the Australian economy. [More…]
We believe that it was the runaway inflation in the early years of the 1 970s which constituted the real cause of the then collapse of the Australian economy. [More…]
However much historians, economic or otherwise, might try to write their chapters on the early years of the 1970s, they will be forced back to accepting that it was a government’s abandonment of an antiinflationary policy which cost this country dearly in terms of unemployment, international respectability as a stable economy and faith in the future of the Australian economy so far as the private sector of this country is concerned. [More…]
In other words, we have the alternative economic spokesman of this countrythe Opposition’s spokesman on Treasury matters- talking about unemployment in a debate on a matter of public importance relating to the Australian economy, without even mentioning the matter of wages policy. [More…]
Anyone who reads the recent OECD survey of the Australian economy will find reference to the fact that, compared with other OECD countries for which comparable statistics are kept, Australia’s record with respect to the gap between real wages and productivity between 1972 and 1 975 was the worst. [More…]
So we have a body from whose statements the honourable member for Gellibrand quotes with approval in his remarks stating that one of the serious problems of the Australian economy is the gap between real wages and productivity. [More…]
The honourable member for Gellibrand chose some of the less satisfactory indicators in the economy. [More…]
They visit the OECD in Europe and make sure that in its studies, and reviews of and statements about the Australian economy, it holds to the Government line and does not do or say anything which would be an embarrassment to the Government. [More…]
The point, of course, is that the Australian economy now is further from the goals set for it by this Government two and a half years ago than it was at the time it came to power. [More…]
It is not a question of the Government failing to oversee an improvement in the economy; in fact, in many respects the economy has worsened. [More…]
We saw again the tired old argument of trying to blame the former Government for the problems which the economy still encounters, for the worse problems that it encounters than when the former Government was in power. [More…]
Since the Hayden Budget which offered the promise of recovery, we have had two Liberal Budgets which have taken the Australian economy further and further into recession. [More…]
What the Treasurer has to acknowledge is that since this Government has been attacking wages the purchasing power of the average pay packet has declined by something like $12 a week and if the average worker has $12 a week less to spend it cannot be said that he is able to maintain the demand which will fully employ this economy. [More…]
the significant reduction occurring in domestic inflation, together with the favourable outlook for interest rates and the improved tone in Australia’s balance of payments for March and April, should provide the foundations for a stronger economy in 1978-79. [More…]
Although the honourable member for Fremantle whinged about the fact that this Government comes back to the performance of the Labor Party when in office, it is still true to say that this economy is suffering the scars of those three years when his party held the reins and ran the economy of Australia. [More…]
What happened in that period was of such shattering significance that the Australian economy has not yet fully recovered from it. [More…]
And despite the whinges of the Opposition that we are trying to hide behind what happened in that period and that we have had two years to bring things back into some sort of line, the fact of the matter is that we have significantly improved the economy over the last couple of years despite the significant shambles that was left behind by the former Administration. [More…]
Although it is coming down as a result of the confidence that has been put back into the economy by our Government, it is still something with which we have to grapple. [More…]
This Government has been concerned to grapple with the problems the economy had to face as a result of the years of the Whitlam Administration. [More…]
A government does not walk into an economy and overnight reverse the sorts of results that these people took three years to bring about. [More…]
It is just not good enough for the Opposition to argue that we have brought about a deliberate increase in the number of unemployed in the economy. [More…]
It is only by restoring confidence in the economy as a whole that we have any prospect of bringing about significant reductions in the number of unemployed. [More…]
This Government has slowed down the inbuilt factors involved in the breakdown in the Australian economy over the three year period that the present Opposition was in government. [More…]
Nearly f6ur years after the initial downturn in activity, the Australian economy is still undergoing a process of slow cyclical recovery and gradual adjustment of some of the major imbalances which developed in recent years. [More…]
If in this example it is necessary to travel by air, the costs of return economy class air travel for the parent and the child amount to $204.20, and when one adds the cost of accommodation for say 2 days and nights, the total cost to the parents could be of the order of a further $60. [More…]
New section 17 provides that the travel allowance payable will normally be the economy class return fare of the most direct scheduled road or rail service, less a prescribed amount. [More…]
Other types of transport will be allowed where the referring medical practitioner certifies that the patient’s medical condition would be likely to worsen if economy class surface transport were used. [More…]
If we recall the disastrous years of economic management under a Labor regime we will remember very clearly that members of that regime acted as delinquents in the management of the Australian economy. [More…]
The Government is determined not to change its direction by trying to stimulate the economy with increased government expenditure. [More…]
The rate of increase in prices paid by farmers for inputs is forecast to continue slowing down in 1978-79, reflecting a reduced rate of inflation in the economy as a whole. [More…]
We have started with a broad expanse of programs covering the whole economy at large. [More…]
Without going into them, we have specifically looked at other areas where primary producers, amongst others in the producing sector of the economy, are affected. [More…]
We are worried about trying to get a balance in the economy to help those in the community who need assistance. [More…]
The farm sector has been declining as a share of the total Australian economy ever since about 1870- maybe longer, but beyond that the statistics get very hairy. [More…]
That is why the rate of decline as a percentage of the total economy of rural communities has drastically accelerated. [More…]
Until we manage to get the whole economy going again in a manner that will enable every Australian to prosper, the rural community must inevitably bear some of the cost of the follies of the past. [More…]
Nothing can be done which will improve the lot of rural people more than those measures that will benefit the economy as a whole, which will result in economic health for the entire community and which will provide the opportunity for Australia to grow again. [More…]
The travel allowance payable normally will be an economy class fare by the most direct route of road or rail service and will be met fully, except for a $20 contribution by the patient to the fare. [More…]
What evidence is there for assuming a multiplier effect of seven jobs being created elsewhere in the economy for each new job in the mining sector. [More…]
The illustration, which appeared in a newspaper article, demonstrated the importance for the rest of the economy of developments in the mining industry. [More…]
On the basis of these figures, a mining industry multiplier for the total Australian economy may well exceed that calculated in the Canadian study. [More…]
Evidence of a multiplier effect in other sectors of the economy is also provided by some of the Australian studies mentioned in (3) above. [More…]
I believe the overall result will be to the benefit of not only Australian wool growers but also the Australian economy. [More…]
He also remarked that the regime was talking of Roti (bread), Kapra (clothing) and Makan (Housing) and although the Country’s economy was virtually in shambles and the country was dying of poverty, Jashans (celebrations) were being held in Larkana and Bahawalpur. [More…]
Consistent with responsible handling of the economy, the restoration of Medibank as a universal protection for all Australians will be achieved as quickly as we can manage it. [More…]
by leave- During the months immediately ahead, the main trading nations will be making decisions which will be of crucial importance to the future of the international economy and world trade. [More…]
If the negotiations achieve their objective of reducing barriers so that world trade can continue to expand, they will have made a major contribution to the further growth of the world economy and to the raising of living standards in both the developed and the developing countries. [More…]
There is no section of the Australian economy that does not benefit directly or indirectly from a buoyant world trading economy. [More…]
All sectors of the Australian economy stand to benefit from a favourable outcome from the negotiations; equally all would suffer from a major setback to world trade. [More…]
It begins by saying that the Australian economy will benefit from a buoyant world trading economy. [More…]
Now more than 420,000 people are unemployed, there is a severe downturn in the economy, over 20 per cent of people under 21 years of age are without a job, and there are 60 applicants for every one unskilled vacancy. [More…]
At the present time, can we imagine an investmentled resurrection in the manufacturing economy if there is going to be less tariff protection, and that is virtually what has been said? [More…]
The advice given to us at the time was on the basis that the reduction could be made in a buoyant economy. [More…]
It was never thought that it could have been made in a slackening economy or in an economy on the downturn. [More…]
But I believe that the operations of this Parliament now have to get round to a consideration of the economy of time. [More…]
I think tonight it should be in Launceston and for that reason I give them the opportunity to talk in this House and tell the people of Launceston the reason why and what it will do to the economy of Tasmania. [More…]
In conclusion, I would like to say, as my friend the honourable member for Franklin has said already, that the impact on the economy of Tasmania will be quite significant. [More…]
In Tasmania we view the College as being an industry which will have an impact on the economy of northern Tasmania in particular and Tasmania generally. [More…]
I think that this move, viewed together with the siting of the Antarctic base in Hobart, represents a major step forward by the present Government in decentralising government services and extending the opportunity to Tasmania to help its economy by siting the Public Service and Australian Government services in the State. [More…]
We are conscious of the need to boost the economy in the area because of the downturn in the fruit industry over recent years. [More…]
The operations of authority are, however, subject to continuing surveillance, particularly in relation to staff structure and numbers and to economy in other categories of expenditure. [More…]
The Government however decided not to accept the Commission’s recommendation, being of the view that a too rapid phase out would exacerbate the difficult employment situation in the export fruit growing areas and that further time was therefore needed to allow the industry and the local economy to adjust. [More…]
It is used as an explanatory device to show how the economy’s capacity to pay wage increases has been exceeded and how excessive real wages have contributed to unemployment. [More…]
They are hoping that tomorrow the people of Australia will be talking about the extra 10c that it will cost to buy a packet of cigarettes or about the price of whisky or petrol or whatever else will be done tonight to try to damage the economy even further. [More…]
Secondly, and subject to the constraints still upon the economy, we shall pursue higher levels of economic activity and greater job opportunities. [More…]
Some of the main factors include the rate of growth of the economy, investment, labour market participation rates, consumer demand and overseas trade; the development and application of technology; the level and kind of assistance provided to particular industries; and increases in labour costs and labour-related costs. [More…]
When reservations were made only seven first class seats were available and the other members of the party were allocated economy class seats. [More…]
Those who look to a stimulus within the Australian economy should look not just to money that might be spent by governments which they first have to take from taxpayers- if they want to be honest about it- but they should look to other policies of government. [More…]
-During the past three years the people of Australia have been constantly told by the present Prime Minister (Mr Malcolm Fraser) that they have been living too well, that in order to get the economy going again they would have to make personal sacrifices, that in order to return to the prosperous days of the early 1970s there would have to be a long period of personal restraint and belt tightening. [More…]
In Churchillian tones he has harangued the population with phrases like, ‘life was not meant to be easy’, ‘there is no such thing as a free lunch’, and so on as he applied his peculiar type of Friedmanite economics to the Austraiian economy. [More…]
It is also pursuing policies in the shorter term which have been necessary to overcome the distortions in our economy as a result of the insanity which prevailed in the Whitlam Labor Government era. [More…]
The Corporation will provide real benefits to Australian firms seeking to enter large overseas development projects and hence to the Australian economy. [More…]
It is now up to private businesses to use the assistance provided and get on with the job of developing export opportunities to their individual benefit and to the benefit of the whole Australian economy and hence the Australian community. [More…]
The Fraser Government, by training its guns on the Australian workers, ignores the assault on our economy by the City of London, which dominates the Conference. [More…]
This in turn affects the strength of the Australian dollar and the economy. [More…]
This will be the basis for the recovery of our economy. [More…]
The Government has made the point that if we are to see the return of a stable economy providing sound economic growth and prospects for future development, the burden must be shared by all sections of the community. [More…]
If we are to see the economy run along lines that all Australians want, the trade union movement will have to take to heart its role and its responsibilities to the nation. [More…]
I am not saying that the trade union movement as a whole is irresponsible but I do claim that those unions that have communist dominated leadership are purposely setting out to subvert the economy of Australia. [More…]
They do not want to see a sound economy based on private enterprise and they do not want to see the economy prosper. [More…]
They are determined for political reasons to undermine the structure of our economy and so bring down the political and economic structure of this country. [More…]
I believe that the people of Australia will be equally perceptive and will identify that the thrust of this Budget is purposefully to bring about economic recovery in this country and that those people who purposely engage in strike action, bans and limitations to subvert the Budget are doing so for purely political reasons, to undermine the structure and the basis of the economy of Australia. [More…]
This shows how little long-term benefit the Australian economy receives from uncontrolled foreign investment. [More…]
Internally our economy is so depressed as a result of government mismanagement that enormous areas of expertise and technological competence have been left unutilised. [More…]
In a sense it is the narrow part of the Venturi tube through which we will have to fit all the aspirations of the Australian economy and we must deal with this task. [More…]
How much we can get past that constriction will determine the future development of this country and enable an expanded Australian economy to work on current account surpluses and not on current account deficits. [More…]
We do not believe that there ought to be any doubts left in people’s minds about the creation of another body like the one proposed by the Labor Government which threw great fears into the commercial sector of the Australian economy. [More…]
It so happens that not only the public sector but also the private sector of our economy are disadvantaged by the fact that we lack the capacity, the machinery and the organisation to deal with those countries, such as the communist countries, which have central economies and with which it is necessary to deal on a government to government basis. [More…]
The great advantage we will have from establishing this Corporation is that at last we will have a body which can bring together the disparate interests through the Australian economy- the fiscal world, the development world, production in terms of machinery, and so forth- so that we can bring our capacities together and be in a position to sell a project, that is, a turn key operation, a total deal. [More…]
Honourable members opposite know that to be the case because at that time such action was needed to stimulate the economy, as it is now. [More…]
If these homes were built it would help to stimulate the economy and get people into employment. [More…]
It is also an illustration of the improved perceptions overseas of the stability of the Australian economy. [More…]
One of the reasons why the honourable gentlemen from the Australian Labor Party, and their violent cohorts in Sydney or elsewhere, fail utterly to understand the general public reaction to this Budget is that overwhelmingly the people of Australia know that there is a job to be done in relation to this economy. [More…]
To be quite blunt, I believe the union movement has again been forced into the inevitable confrontation with the Government over unreasonable wage compressions both as a tactic for the Government’s short-term political advantage, and as a diversion for the Government’s mismanagement of the economy. [More…]
It is direct sabotage of the Australian economy, the Australian people and the living standards of Australian workers. [More…]
By refusing to stimulate the Australian economy the Fraser Government seeks to create a vast reserve army of unemployed Australians. [More…]
This Budget will strip the economy of over $700m. [More…]
It will strip the economy of $ 1 43m in housing funds alone. [More…]
Now we have our friends from the Labor Party complaining bitterly about the Budget which has been recently introduced because it recognises that there has to be a rationalisation of costs in an economy like the Australian economy. [More…]
In 1918, when people were returning from the World War of 1 9 14- 1 8, the situation was that the Australian economy had boomed throughout the period of that war. [More…]
It is irresponsible because it refuses to recognise the real problems our economy and our people face, and the way in which those problems can be met. [More…]
How can anyone believe this Government when it talks about responsibility and expertise in running the economy? [More…]
How much worse must that problem be today, after the traumas to which this Government has subjected the economy? [More…]
Such a Budget would be appropriate to an economy where private sector spending is about to go into an inflationary spiral or where the economy must be brought to a full stop to avert a balance of payments crisis. [More…]
Labor has an alternative mix of Budget proposals which would be more deflationary than the Government’s proposals, which would give the economy a mild, controlled stimulus and which would start to reduce unemployment. [More…]
If the Government had actually budgeted for a deficit of $4,000m in the year just ended, the results for the economy would have been no different, because the strategy of the Budget was wrong. [More…]
With Labor’s alternative Budget proposals, the stimulus to the economy would result in fixed costs being spread as output expanded. [More…]
So far as our program is concerned, those fears can be discounted for three reasons: Firstly, there is massive unused capacity in the present depressed Australian economy. [More…]
There is no mention in the Budget of, and apparently no thought for, the future of industry, the training and retraining of the work force, and gearing the Australian economy for the 1980s. [More…]
The Australian economy must be strengthened and revitalised in a number of fundamental ways. [More…]
It runs the very grave risk of causing serious, long term damage to the growth potential of the Australian economy. [More…]
It is a strategy which has restored stability and strength to the Australian economy. [More…]
Government to pursue a policy of monetary restraint throughout the year without unduly restricting the supply of finance to key sectors of the economy such as housing. [More…]
It represents the point where it passes from the stage where it can suggest with any degree of credibility that the problems facing Australia and the Australian economy are in any real sense a reflection of the policies of the Whitlam Labor Government. [More…]
The Institute of Applied Economic and Social Research has said, for example, in regard to a most recent survey of the economy that … an unduly high level of real labor costs can be a cause of unemployment but that on its assessment of the evidence the relative levels of wages and profits and the level of real wages are not the major factors behind the high level of unemployment in 1977-78. [More…]
However, the Government has in fact been amassing relatively large deficits as a result of the increasingly depressed state of the economy and as a result of two relatively contractionary Budgets and now a severely contractionary Budget. [More…]
The central thing to be said about it is that it maintains the thrust of the Government’s policies to correct the major elements of imbalance in the Australian economy, which were in the main a legacy of the Whitlam years: First, the so-called real wage productivity imbalance- to put it in plain words, the too-high cost of labour in Australia, so that everywhere business tries to shed labour, hence the continuing high level of unemployment. [More…]
The further reduction of interest rates, which this Budget is pitched to achieve, is the most pervasive and powerful stimulus to the economy you can get. [More…]
There are simply no short cuts in the business of restoring stability and prosperity to the Australian economy. [More…]
This point merges with the general point I would like to make; namely, that formulating policy for the economy is particulary complex and difficult because we are not dealing with an ordinary cyclical variation in the economy, but rather, we are dealing with inflation, and unemployment, stemming from the major elements of imbalance to which I have referred, but also from structural factors which to a significant degree are independent of those elements. [More…]
economy- from reduced inflation, lower interest rates, more competitive and employment-giving Austraiian industry. [More…]
An article by Phil Raskall under the title ‘Who’s Got What in Australia: The Distribution of Wealth’ appeared in the ‘Journal of Australian Political Economy, No. [More…]
Many poor people are willing to believe that if anything goes wrong with the economy it is their own fault. [More…]
The House might be interested to know that Dr Colin Clark, who first divided the economy into three sectors, and Professor Jean Gottman of Oxford, who first proposed the four-part division, now accept and adopt my five-sector analysis. [More…]
We have to be careful not to delude ourselves that we only need a bit of ‘fine tuning’ in the economy and that if we slap on a few band-aids and take a few aspirins all the problems will go away. [More…]
Australians realise that we have to have a Budget of this nature to restore the economy. [More…]
The reduction in inflation and interest rates, in itself, will provide the greatest possible stimulus to the economy. [More…]
We have learnt, to our sorrow, just what such a policy by Labor did to our economy and to the confidence of the people in this nation. [More…]
However, local government has to take some responsibility in arresting the inflation rate and bringing sound economy to this country. [More…]
What action has been taken on the recommendations of the report to him entitled ‘The Greater Involvement of Aboriginals in the Economy of the Pilbara and Kimberley Regions’, and, in particular, the provision of (a) planning for training for specified industries and irrigation-based development expected, (b) adequate staff for duties, with facilities and accommodation comparable with those provided for other departments and mining staffs, (c) ternary and continuing education facilities and investigation and development of existing facilities, (d) co-ordination and detailed legislative policy planning of facilities, (e) offices of his Department in each major town, (f) cultural and work exchange programs, (g) training teams, films and media promotion of community understanding and (h) a demographic survey. [More…]
The Services have been directed to have particular regard to economy in the use of all resources, particularly manpower, in their proposals. [More…]
What he has done and said is consistent with his knocking of Australia and the Australian economy month after month. [More…]
Therefore the fact that legislation has to be introduced is a result of tax indexation, and we are fully happy to justify the measure because it is necessary in the overall interests of the Australian economy. [More…]
It is perfectly plain that the economy was up the creek. [More…]
If this is the recipe of the Leader of the Opposition for buoyancy and for the kind of economy to which he would like to return, I am quite certain that the Australian people will have none of it, ever. [More…]
What would be the consequences for the economy of higher wage claims to recoup the payment of normal tax which should already have been paid in the first place? [More…]
It is putting the lid on the economy in order to influence wage and salary earners in their claims- and the Conciliation and Arbitration Commission also. [More…]
It is that sort of spending that we require in order to get the economy going. [More…]
The inflation that was created in that era was detrimental to the economy and greater inequalities were created in that period than in any other period of Australia’s history. [More…]
I hope that the Australian people will never forget what the Labor Government did to destroy the Australian economy between 1972 and 1975. [More…]
We believe that the way to restore the Australian economy is to be fair to everyone. [More…]
It was his Prime Minister (Mr Malcolm Fraser) who said in 1975 that in three years he would have so changed this economy that everyone who wanted to work would be given an opportunity to work. [More…]
Since 1975 the objective of the Government has been to steer the Australian economy back on to a course of steady non-inflationary growth. [More…]
The legacies of the period from 1 972 to 1975, as we all know so well, were escalating inflation, the collapse of private sector confidence in the economy, a wages explosion and mounting unemployment. [More…]
Of course, the honourable member for Adelaide (Mr Hurford) and his henchman the honourable member for Bonython (Dr Blewett) find themselves in a position where their philosophy and the philosophy of their party is at risk in the face of the Government ‘s action to restore the economy of the Australian nation. [More…]
If one looks at the placards that were used in the demonstration on Monday last one sees that without doubt what the wording of them implied was simply the bitterness, the rancour and the disappointment of the Opposition when it could see the economy coming back to reason in the hands of the present Government. [More…]
This afternoon the proposition put forward by the honourable member for Adelaide is nothing more or less than a whingeing session against the achievements of the Government in this matter of the nation’s economy. [More…]
Without doubt the period of complete ravaging of the economy created tremendous inequalities. [More…]
That equity and justice can come only through a situation in which we bring an end to the spiralling costs and bring an end to the ravaging of the economy which has reached the extent where investment is incapable of carrying the needs of the day for expansion, for growth, for productivity and for development which will provide adequate employment. [More…]
At least the honourable member for Lilley (Mr Kevin Cairns) will know that some areas of expenditure achieve a far greater multiplier effect and have a far better result in stimulating our economy and creating jobs than do others. [More…]
So there would be a far greater effect on stimulating the economy if the increased tax imposts were on more wealthy people and did not reduce the spending power of those on lower incomes. [More…]
This can mean only that the Government expects the private sector, representing 75 per cent of the total economy, to provide all the expected growth. [More…]
The need for increased government spending will become greater at the same time as revenue falls away because of continued recession in the economy. [More…]
Let us use a figure of 7 per cent as an average OECD figure for inflation, 2.4 per cent in real growth in the Australian economy, some restocking and perhaps some increase in the ratio of dutiable goods to total imports due to the present Government’s protection policies as well as changes in tastes. [More…]
The first is the estimates relating to the performance of the Australian economy in the forthcoming months. [More…]
A further example of this deliberately rosy estimate of the projected performance of the economy is in relation to the projected revenue from pay-as-you-earn tax receipts. [More…]
So we see in those three areas that, as a consequence of making a deliberately rosy projection about the performance of the economy in order to put the best possible face on it, the Government has intruded into the Budget Estimates quite false assumptions. [More…]
The really puzzling part of all this is that if the Budget deficit does blow out to $3.4 billion that will have consequences for the Government as far as the management of the economy is concerned. [More…]
The consequences for the economy will be so much greater. [More…]
The lament of all this is that if we are to have a deficit of $3.4 billion, the Opposition would welcome that; but it would welcome such a deficit if as part of that extra expenditure we were getting some sort of expansion and some sort of stimulus to the economy. [More…]
There seems to be very little point in our deluding ourselves about the size of the deficit and about its consequences for the economy. [More…]
The situation will be compounded if all this takes place in a haphazard way which does not aim to assist or to stimulate the economy and to help reduce the level of unemployment, which ought to be the chief priority of this Government or of any government faced with unemployment at the monstrous levels at which it stands at the moment. [More…]
He has done nothing to inspire the recovery and reconstruction of the Australian economy. [More…]
As the honourable member for La Trobe rightly said, we are making health insurance cheaper, just as effective and, above all, we are bringing responsibility to the area of health services so far as the Australian economy is concerned. [More…]
But the important point is that the changes would occur within the domestic economy. [More…]
Some combustible recyclable airport waste is used in the burning to achieve fuel economy. [More…]
The Prime Minister had promised the electorate in 1975 that he would need a complete three-year term to honour his commitments on the economy. [More…]
The economy was in deep recession and getting worse. [More…]
He has systematically sought to destabilise the Australian economy. [More…]
-This Government has responded to the needs of Australia by getting the underlying factors of the economy right, reducing inflation and interest rates and introducing family allowances, the greatest social reform in history. [More…]
The Australian Labor Party had asked the Australian people to forego these tax cuts so that payroll tax could be abolished, job creation schemes could be initiated and the economy stimulated. [More…]
The union demands that an examination be conducted of, firstly, the rate of introduction of new technology and, secondly, the ability of the economy to create alternative employment opportunities, which is the point which I made earlier. [More…]
As I was saying, the union says that one of the most important aspects of this dispute is the ability of the economy to create alternative employment opportunities. [More…]
What is at stake is the way in which we develop this community in the future- not just in respect of Telecom but in respect of our whole approach to the economy in the future, particularly in regard to the importance we place on efficiency as compared with employment. [More…]
It looks at the various sectors of the economy and asks: Where will the job growth be? [More…]
The Japanese had simply said: ‘We recognise that these people cannot be employed because the new technology is cheaper and displaces them but we do not mind keeping them on the payroll because we are concerned that if they are put on the scrap heap and unemployment grows enormously there will be a falling off in demand and that will be more serious in its implications to the economy than keeping them on the payroll as window gazers’. [More…]
this is consistent with continuation of the adjustments which are necessary if the Australian economy is to move further along the path of sustainable recovery in 1978-79. [More…]
I submit that the Budget as presented by the Treasurer last week is fully in accord with the aspirations and the requirements of the Australian economy. [More…]
The report also stated that the regulation of road movements of smalls and other non-bulk traffics could be eased, with benefit to the Tasmanian economy and to the ultimate efficiency of the Tasmanian railways. [More…]
A new ‘Economy STD’ rate for STD calls between 9.00 p.m. and 8.00 a.m. [More…]
In essence the Sunday rates will be 20 per cent cheaper than the ordinary day rate; the night rate about 50 per cent cheaper than the ordinary day rate; and the economy service approximately 60 per cent below the day rate. [More…]
If this country is to get the sort of development capital and the sort of development activity which will be appropriate to the future demands of the economy, it will not take any notice of the fanciful taxation proposals of the Leader of the Opposition, as enunciated in his alternative budget, which would have the effect of being a massive disincentive to investment in resource projects in Australia. [More…]
If the Government persists in using the investment allowance rather than other means, such as expanding the economy in order to achieve international competitiveness, when will it convert the allowance to one applicable only to that machinery which is substantially Australian made in order to substitute new employment for that which is being lost? [More…]
As I mentioned in a speech to the Electrical Manufacturers Association last night, there can be no question that Australia has lagged very much behind many industrialised countries in the absorption of technology by industry, and that is a specific comment about the manufacturing sector of the Australian economy. [More…]
Does he recognise that this technical statement prepared by the Treasury clearly indicates that it is not necessary, and in fact highly unlikely, for any further real reduction to take place in wages, and that it would be consistent, in the absence of a further reduction in real wages, for a strong recovery to take place in the economy? [More…]
Again, this Government persistently has argued before the Conciliation and Arbitration Commission that we cannot have one sector of the economy- those people who happen to be in the most powerful or dictatorial unionsdemanding more and more wages while other people are continually deprived of jobs. [More…]
They are purposely trying to undermine the private enterprise nature of this economy and, as a result, purposely pushing more and more people on to the unemployed list. [More…]
Now they find that they have been abandoned as the Government brings about what it called in the Treasurer’s Budget Speech ‘a tougher and more competitive Australian economy’ and as it panders to the interests and wishes of international monopoly capitalism by, to quote from the Budget Speech again, ‘improving overseas perceptions of the Australian economy and its management’. [More…]
This Government has sought out the housing industry in a deliberate attempt to dampen down the Australian economy. [More…]
During the 23 years from 1949 to 1972, the Australian economy experienced years of prosperity without comparison during any similar period in the history of the nation. [More…]
These problems had their effect upon the Australian economy just at the time when the profligate policies of the Labor Government were responsible for the symptoms of inflation and economic tragedy with which we are all so familiar today. [More…]
Yet another omission in this sinful Budget is the failure of the Prime Minister to take account of the potentially most critical issue facing the Australian economy and Australian society, namely, computerisation. [More…]
The Treasurer has admitted that the sectors of the economy most responsible for generating employment are also the most reliant on public sector stimulation. [More…]
We want to have an economy with full employment without inflation. [More…]
Unless the benefits of particularly high rates of production and productivity within the Australian economy are distributed over the whole we will never get full employment again. [More…]
But there has to be a turnaround in the demand for labour and that turnaround, no matter how tenuous, cannot occur without high rates of growth of the Australian economy. [More…]
As Professor Gruen has so well pointed out, up until that period a 5 per cent change in capacity utilisation of the Australian economy caused a 0.3 per cent increase in unemployment. [More…]
As a result the rates of growth of the economy and their reflection in demand for labour are much more tenuous, much more fragile and much more difficult to engineer than has been the case in the past. [More…]
I am left with the impression that a permanently higher rate of tax is the Opposition’s ultimate solution to the problems of the Australian economy. [More…]
We talk about how buoyant the economy ought to be. [More…]
The Government talks about a buoyant economy and about an economy which is improving. [More…]
We need to be able to take Australia into the 1980s on the basis that we have a thriving economy and are interested in Australia and not that we are mixed up with an outdated ideology. [More…]
I believe we should face up to the challenge and plan not just to the tip of our nose 12 months hence but to budget two years in advance and give the community, particularly the business community which shapes the economy of this country and its dynamic forward drive, a clear idea of where government is going. [More…]
The Liberal Party of Australia, of course, has avoided all the discussion about the weaknesses in our economy. [More…]
No matter what is the situation in the economy we have the same answers. [More…]
We take no pleasure in those figures because world trade, the world economy and world markets would be in a much healthier position and would be growing much faster if inflation in all those countries were significantly lower and, in fact, falling. [More…]
The Budget has also renewed the confidence of the overseas business community in the Australian economy. [More…]
It is putting us in the kind of company that will enable this economy and this country to move forward into the 1980s with the kind of confidence that we have not seen since the 1 950s and the 1 960s. [More…]
Now the Leader of the Opposition looks back with yearning to those balmy days of 1974 when Labor was in government and the economy was utterly out of control. [More…]
That means of course that inflation would accelerate, interest rates would go up and not down, the prospects for sustained growth would be undermined and the confidence of domestic and overseas investors in the Australian economy would be destroyed as it has been destroyed in other places. [More…]
This Budget plays an essential part in our long term strategy to create a tougher and more competitive economy with special incentives to industry to get a larger share of our own markets and to capture a greater and increasing share of export opportunities. [More…]
With the inflation rate down to 5 per cent at the end of this financial year, or in Treasury’s terms, earlier than that, with interest rates coming down, with increasing confidence among investors here and overseas, and with an encouraging inflow of private capital, the Australian economy is now well on the way to overcoming the damage caused by the three dark years of Labor. [More…]
The Prime Minister of this country is not a credible spokesman on the economy, or, indeed, on most other things. [More…]
The end result of almost three years of this Government’s hacking away at the public sector and simultaneously attempting to stimulate the private sector by administering such aphrodisiacs as investment incentives, exchange rate of adjustments and income tax cuts has been to plunge the economy much deeper into recession. [More…]
When the economy is recessed the profits’ share falls and labour’s share increases. [More…]
When the economy is booming the reverse occurs. [More…]
Indeed, it pushes the economy into a vicious cycle of deflation marked by tight fiscal and monetary policies, increasing unemployment, deficit blowouts through shortfalls of revenue as a result of reduced economic activity, and a consequent further tightening of fiscal policy to reduce the deficit, which in turn plunges the economy deeper into recession. [More…]
The Melbourne Institute of Applied Economic and Social Research has estimated that the revenue lost through the economy operating so far below full employment, as it is at the moment, is approximately $3, 000m per annum. [More…]
Clearly, the best way to reduce the deficit is to get the economy moving again, which process will automatically increase revenue and reduce unemployment benefit payouts. [More…]
In fact, halfway through the second year in which growth is falling far below brave government predictions, it is an admission that the public sector needs, in a most ungermanic way, to lead the economy up the growth trail. [More…]
It can be seen from those quotations from The Economist relating to the West German Government’s stimulatory package that they are saying they need to increase the deficit, they need to increase public expenditure, they need to stimulate the economy in this way if they are going to get the economy moving again. [More…]
The Opposition wants to reduce inflation, but we also say that the policy of the Government must be directed at the same time to stimulating the economy and generating economic growth. [More…]
Eventually if we do not do that we will finish up with a low rate of inflation, certainly, but with massive unemployment and a tremendously recessed economy. [More…]
What the Government’s money supply policy is doing is squeezing the economy down further and making it even more unlikely that we are going to get anything like that 4 per cent. [More…]
The fiscal package itself will stop that but the money supply targets reinforce it and ensure that the economy is headed deeper and deeper into recession. [More…]
It is an important sector of the Australian economy and we recognise that. [More…]
It is most unfortunate that the building industry should be so severely set back by Government policies because not only does the building industry suffer but so too does the economy. [More…]
I mention the importance of the building industry to the economy, especially to employment, and I seek leave to have a table incorporated in Hansard which deals with this aspect in some detail. [More…]
The building industry has important multiplying effects within the economy. [More…]
The home building industry feels the intensity of the economic downturn twice as severely as the rest of the economy. [More…]
The answer is to be found in the Government’s general approach to the economy, that is, to get interest rates down and to get the inflation rate down. [More…]
We know that this Government used that as a deliberate policy to dampen down the housing industry and to dampen down the Australian economy. [More…]
Today in every one of those countries the emphasis is being placed on the injection of funds into the public sector and upon the revival of the economy and employment, on the basis that if this does not occur they will sink deeper and deeper into an endless recession which cannot be corrected. [More…]
The best example of this, of course, is Japan which in the last 10 days has announced that billions of dollars are to be injected into the economy to revive economic growth. [More…]
His speech contained absolutely nothing about the Budget, nothing about the economy of this country and nothing about the problems with which this country is faced. [More…]
At that time we were faced with the job of renewing and restoring confidence in the Australian economy and the Australian community after the disastrous events seen during the Labor Government’s term in office. [More…]
Those policies are aimed at restoring the confidence of the community and putting the economy back on its feet. [More…]
We all knew on this side of the House that we could not have a sound economy following the policies that the Labor Party had enunciated during its term in office. [More…]
He cannot sell more to a consumer who is out of work or in fear of unemployment and an economy cannot be expanded by contracting it. [More…]
People throughout Australia are saying that the economy should take an alternative direction, and someone on the Government side should have the courage to oppose the measures of this Budget. [More…]
Let me say that despite the stringent expenditure restraints that this Government has had to take as a result of the destruction of our economy by the previous Labor Government, we have introduced a scheme whereby people requiring specialist attention will be able now for the first time to get compensation for travel and accommodation expenses incurred in seeking such attention. [More…]
The cold hard facts are that by reducing the inflation rate, with the contribution that that will make to a stable economy, unemployment can be reduced on a sound and continuing basis, and it is the only way that we can effectively do that. [More…]
At the same time I recognise that a responsibility is resting on the shoulders of the Government to ensure that the burden of restoring the Australian economy is spread as equitably as possible. [More…]
Viable productive industries are vitally important to a sound economy and it is against this background that I have urged the Government to examine the value that relief to these industries would be as well as the justice of equitably sharing the burden of re-establishing the Australian economy to the advantage of all Australians. [More…]
Employment opportunities have been denied to them because our economy has been broken down as a result of illogical and irresponsible attitudes by the Labor Government. [More…]
In short, none of the simplistic solutions offered by the economic experts seems to be the solution to the growing problems in the world’s economy. [More…]
When this Government took office from the Labor Government in 1975 the economy was, to say the least, in a mess. [More…]
When Labor came to power in 1972 it had inherited a sound economy- inflation was running at only 4.5 per cent and unemployment was only 1 .4 per cent of the work force. [More…]
It is of course natural that this Government would desire to stimulate the economy to reduce unemployment. [More…]
However, there is no point in stimulating the economy if the economy is not in a fit state to handle the stimulus in a stable manner. [More…]
So clearly, with our balance of payments already officially described by the Organisation for Economic Co-operation and Development in its latest report as ‘weak’, Australia is in no position to give a large-scale domestic stimulus to the economy, and this view is supported by the OECD in its latest full-scale study of the Australian economy. [More…]
However, for any government to squander these hard-won gains by trying to stimulate the economy too soon and too much would set the economy back many, many years. [More…]
Increased transport costs will seep right through the whole economy and will certainly make the position of the farmers a lot more difficult. [More…]
In other words, if employment in the longer term is to be increased, the major distortions of this economy- inflation, the balance of payments, the relationship between costs and prices or wages and profits- all have to be corrected and this requires political courage at this time. [More…]
There may still be a few hardened souls left who would be prepared to accept this Government’s cynicism and hypocrisy if they could be persuaded that these harsh measures were necessary to revive our flagging economy. [More…]
The Budget does not reveal one measure or program to stimulate recovery in the economy or one measure designed to correct unemployment. [More…]
It is a large complex, it is a great money earning complex and it is terribly important to the economy of this country. [More…]
So much of the economy is controlled from outside the public sector that whatever one does in a Budget is really going to have only a peripheral effect directly on the rest of the economy. [More…]
But even if we accept that limitation there ought to be some means of providing through the Budget and through the assortment of economic policy tools which the Government can flex at the time of the Budget, a stimulus to the economy, whether it be in a positive or negative way. [More…]
The amazing aspect of this Budget is that if one were to describe it to someone who was ignorant of the economic situation in this country and if one were to describe the sort of short term economic policy which was included within the Budget and then ask what kind of economic situation that policy was appropriate for I am sure that any reasonable person would say that that Budget includes an economic policy which is appropriate for a healthy economy, for an economy which is in need of neither encouragement nor restraint. [More…]
In fact, the nasty reality is that the economy of Australia is far from healthy. [More…]
I would not mind so much if we were arguing about the alternative kinds of remedies which were required to correct the economy, but what the Government is really proposing is that no action should be taken. [More…]
It is as if the Prime Minister (Mr Malcolm Fraser) had a vision of what the economy should be and is going to hang around until the economy measures up to that vision. [More…]
I know that unemployment is not always a very precise measure of the state of the economy because there are other factors, particularly these days, which influence it. [More…]
It has decided to reduce its activity in the quite pathetic belief that market forces in the rest of the economy are somehow going to solve the problem. [More…]
Indeed, I think one could say that this economy is floating on the wing of a prayer. [More…]
The really serious prospect for us is that should these fragile expectations not be realised, how much worse is the economy going to be in 12 months time. [More…]
What has the Budget got to say about the shape of the Australian economy 10 years from now? [More…]
However, in general, transport operators should be able to recover increases in the cost of oil fuels and so distribute the burden throughout the economy. [More…]
Quite clearly in a depressed economic situation, such as at present, it is entirely appropriate that any source in the economy which can be mobilised to generate jobs and to activate economic activity for the benefit of the economy ought to be harnessed. [More…]
I enter this debate because I want to bring to the attention of the House the serious situation confronting the economy in South Australia. [More…]
South Australia’s industrial base is being threatened, and there are a number of causes for this threat and for the weakening of the South Australian economy. [More…]
We must recognise the fact that behind a general sluggishness in the economy is a very serious and special problem in the South Australian economy. [More…]
He failed to identify in his Budget Speech, which was delivered in the State Parliament earlier this week, the fact that many of the difficulties facing the South Australian economy and causing all the indicators in that State to be worse than those on the national average were promoted by the policies that he and his colleagues in government are putting into practice. [More…]
He is party to the destruction of the Australian economy that is occurring under the Fraser Administration. [More…]
For every one per cent of increased production in real terms there is a gain to the economy in production of the order of $ 1,000m. [More…]
Accordingly, a three per cent increase in production would result in a gain to the economy of nearly $3,000m. [More…]
Taking into consideration the rashes of strikes that are occurring now, which obviously are co-ordinated, designed and activated by members of the Australian Metal Workers Union, such as Carmichael and Halfpenny, who are hell-bent on destroying the economy of this country, I do not think that we can expect people to do other than save. [More…]
This Budget is disastrous mainly because it is contractionary at a time when Australia’s economy cries out for expansion and moderate and carefully controlled stimulus. [More…]
It ensures that there is lasting benefit for a healing economy and an increased level of activity as well as immediate benefits. [More…]
The Government’s strategy, of course, is to put the lid on the economy. [More…]
The Government believes that if it depresses the economy, puts a weight on the economy, puts a lid on the economy, it will lead, as I have said, to a reduction in the inflation rate and therefore more overseas investment. [More…]
We will not have an increase in confidence which will bring our economy back to economic health. [More…]
We do not need this contractionary policy, this putting the lid on the economy of this country so as to reduce the rate of inflation. [More…]
As an important middle income country- a country which is in the middle range in terms of gross national product- we ought to be playing our part to ensure a return to health in the world economy. [More…]
It is important that we should stimulate our economy by persuading others in the world, particularly those nations which are the motors of the world economy, such as Japan, the United States and West Germany, to play their part in stimulating world demand. [More…]
I remind the House that we are not devoting attention only to the macro-economic area but also to the microeconomic area of industry policies where we believe this Government is not making sufficient effort and is not instituting sufficiently innovative policies in order to overcome what is not only a cyclical difficulty in the economy but also a structural difficulty. [More…]
We must recognise, as the Leader of the Opposition has said, that our grave rate of unemployment is due not only to cyclical difficulties in the world economy and wrong macroeconomic policies in this country but also to the structural changes that are being brought about by technological developments in this country. [More…]
Because of the strong demand for labour, associated with a strong domestic economy and growing world trade, Australia absorbed into employment a rapidly growing labour force. [More…]
On the labour demand side, the performance of the economy in providing sufficient jobs to absorb the considerable increases in the labour force was impressive. [More…]
The changes in the labour market which occurred from 1974 and which have continued since, reflect largely the continuing impact of fundamental imbalances in the economy, emanating from the 1973 and 1974 wages explosion, directly due to the policies of the Labor Government. [More…]
While the labour force continued to grow, the annual increase in the numbers of additional jobs which the economy was able to generate slowed. [More…]
There is increasing acceptance that our policies have achieved substantial improvement, particularly when it is recalled that we inherited a deteriorating economy and worsening world trade. [More…]
A major contribution should continue to be expected to come from community services, an area which has seen a strong growth in jobs throughout the last 30 years, but of course in order to expand these services we must have a strong economy with a high rate of growth. [More…]
The facts are, of course, that the economy is sick and that the Government is neurotically clinging to the idea that by reducing the rate of inflation all problems will be solved. [More…]
This would get the economy going again by stimulating employment generating projects, not by putting more people on the public payroll. [More…]
Today they still gloss over the very serious consequences of inflation and the evils that it brought to our economy and to our social status. [More…]
This Budget marks a further advance along the road to recovery of the Australian economy which certainly reached a very serious state by the end of 1975. [More…]
The Opposition advocates the injection of money into the economy, claiming that this would help Australia. [More…]
The economy would have been permitted to drift into further stagnation. [More…]
One is essentially based on a competitive view of the economy and the other is based on a co-operative view. [More…]
The view of the Government parties, the Liberal Party and the National Country Party, is essentially that life is a struggle for resources; that life is essentially competitive; that there are winners and losers; that, broadly speaking, the Liberal Party and the National Country Party represent life ‘s winners and the Labor Party essentially represents life’s losers, the battlers in this economy. [More…]
Perhaps some will recognise, in the reduction of this subsidy on nitrogenous fertiliser, the rural industries’ contribution as their sacrifice in the national interests yet again to stabilise the economy wrecked by the Labor Government. [More…]
If we look to the health of the national economy in the future one cannot help but wonder whether subsidies should be given in areas that are highly labour-intensive, especially if the consumer price index continues to rise at the rate it rose under the Labor Government some years ago. [More…]
This Budget has been introduced at a time when Australia’s economy is in very difficult circumstances. [More…]
Does he need any constructive advice on the functioning of the Australian economy? [More…]
The instability of our own economy, of course, is a problem. [More…]
May I illustrate the way in which I suggest that a sense of economy in fact can be uneconomic parsimony. [More…]
The clock, with its sixty pulsed seconds to the minute and the sixty phased minutes to the hour, is the symbol of the industrial economy. [More…]
It is a small thing, but it is one that can make a difference overall to the economy and indeed to the viability of duty free businesses in Australia. [More…]
I believe that by the wise allocation of more money to the promotion of tourism we could achieve some very great results for the industry, for the economy as a whole, and indeed for the work force. [More…]
As an industry it is one of the most stable units in the economy. [More…]
At the same time, bearing in mind the decentralised nature of the city, there would be a contribution to the local economy if some sort of building activity for Commonwealth public servants were embarked upon. [More…]
Nevertheless, in the broad, on an economy fare the rate on a cents per kilometre basis from Melbourne to Sydney is 7.93c and from Melbourne to Canberra 8.21c. [More…]
Does this mean a marked contraction in Government spending for the rest of the year with consequential contractionary effects on the economy or a substantial blowing out of the project deficit of$2.8m? [More…]
Not only has it wrecked the Australian economy by driving it deeper into recession but also it is making it very difficult for anyone to correct the mess that it is making by destroying the information base upon which policies would need to be determined. [More…]
That is basic information which any government which wants to know what is happening in the economy in order to adopt appropriate policies to improve the economy should have. [More…]
It also wants to run periodic censuses in regard to other parts of the economy so as to provide basic information on the whole structure of Australian industry. [More…]
It is a government which says that it wants to make the economy more efficient. [More…]
One way in which the economy can be made more efficient is to have statistics upon which the Government can measure the impact of its policies and can devise policies on a sound basis. [More…]
If the Government does not even bother about providing an information base which will enable it to monitor its programs and to establish whether its resources are being utilised efficiently, how the goodness will it have an efficient economy? [More…]
As I said in opening, what this Government is doing is not only vandalising the economy in its general macroeconomic policy but, by destroying the information base, it is making it infinitely more difficult for any future government to clean up the mess that this Government is creating. [More…]
The point is that this will remove some $2,000m from a sick economy. [More…]
The economy is in deep enough recession; it is contracting enough without removing such a massive sum from the pockets of consumers. [More…]
What this Government is doing in applying a very firm hand on the economy in bringing down the inflation rate is helping everybody in the community. [More…]
The Government is winding back the whole process that had been going on in this economy for three years under the Labor Administration. [More…]
The basic cause of unemployment is the wages explosion that occurred particularly during the 1974 period when Labor, of course, encouraged the wage fixing procedures to lift wage rates in this economy, and lift them it did. [More…]
When the situation improves, when the farmers get back on their feet, when there is operating again in this economy a situation in which farmers can develop the stability that they need to be able to operate with a degree of confidence, they of course will also be looking for labour. [More…]
But the rural economy can be looked to to assist greatly in the anticipated reduction in the number of unemployed when that rural sector is properly back on its feet, when it is investing again and when it is doing all of those things which it has put off over the years since 1971 and up to this year. [More…]
There are so many aspects of the economy which are encouraging and the rural sector is only one of those which really give us cause for optimism and confidence as to the development of the whole industrial base of Australia, whether it be primary, secondary or tertiary. [More…]
-In considering the estimates for the Department of the Treasury specifically we find that what is revealed in terms of this Department is the total deficiency of the Government’s ability adequately to plan the future course of the economy. [More…]
This seems to be based on an obsession by this Government against the concept of planning rather than an objection by this Government to the idea of intervention in the economy which planning implies. [More…]
The Government does not seem to be opposed to intervening in the economy in a number of ways but it does seem to be obsessionally opposed to the idea of embracing the concept of planning itself. [More…]
There are plenty of examples of where this Government has intervened in the economy in the past and continues to intervene at the moment. [More…]
The investment allowance which has been available over the last few years is a direct intervention in the economy to encourage investment in capital resources rather than manpower resources. [More…]
-Listen my friend, there is nothing wrong with intervening in the economy. [More…]
I am saying that on the one hand this Government sets its face against the idea of planning but on the other hand it is not opposed in any ideological sense apparently to the idea of intervening in the economy. [More…]
What I am saying, if the honourable member will allow me to get on and develop the argument, is that if one is to intervene in the economy one ought to do it in a rational sort of way so that we know what we are doing rather than having a mish mash of ad hoc decisions and processes which in effect can lead to the misallocation of resources and the dislocation of the whole economy and can in many cases be entirely counterproductive. [More…]
There are instances in the area of research and development of direct intervention in the economy to enourage that sort of activity. [More…]
I am saying it is fair enough and entirely appropriate for a government, particularly a national government, to intervene in the economy. [More…]
The real problem, as these estimates revealnot that we have discovered this for the first time by any means- is that there is no coherent method of determining the nature or the extent of intervention in the economy. [More…]
What one must realise is that, as I have indicated and as the honourable member for Hotham (Mr Roger Johnston) has already acknowledged, there are many instances in which this Government is prepared to intervene in the economy and therefore necessarily distort the free market processes. [More…]
On the admission of the Government itself, the free market processes are, therefore, quite inadequate in determining the proper course of this economy. [More…]
There is absolutely no natural market force which encourages the economy to a point of equilibrium which also coincides with full employment. [More…]
I defy anyone to tell me of any market forces which would aid the economy to a point which ensured full employment. [More…]
Therefore on the acknowledgement of the Government and in the Opposition’s view there should be adequate processes by which we can intervene in the economy in order to achieve this and other social goals. [More…]
For instance, there seems to be absolutely no point in saying that one believes in a full employment economy if one does not have the processes of intervention to ensure that one has some chance of achieving that goal. [More…]
That is one of the real problems with any approach to the economy which relies on a faith in the free market processes. [More…]
We have seen in this Budget more than any other probably this Government relying more and more on some sort of faith in the free market process to bring the economy out of the present incredible crisis. [More…]
If this hope is not realised we will find in 12 months time that the economy will be in an even worse mess than it is today. [More…]
For instance we have the problem of the States having a significant role in some areas of the economy. [More…]
In the Australian economy there is a vast number of regional problems which the economies of particular areas face. [More…]
But when we are feeling the first very fragile commencement of a very solid movement forward in the Australian economy, now- right now- is, in my view, the time to increase immigration heavily in the way that it is apparently being done. [More…]
One cannot look at a policy in relation to migrants in separation from the policies which, for example, a government adopts in relation to the management of the economy and the management of employment. [More…]
These are the people who, because of the inevitability of what I have described earlier, would strengthen the Australian economy and the character of the average Australian. [More…]
Northern development to bring the Territory to the take-off point of a viable State economy depends on the support of the Commonwealth Government not on a share of a ‘State ‘ or ‘State-like ‘ budget. [More…]
Had the Federal Government waited so as to assist with the basic ground work for reinforcing the Northern Territory’s economy we would have been seeing a more successfully operating and more economically sound north Australian State in the future. [More…]
There is also the flow-back into the total community, into the total economy of Australia. [More…]
women workers are treated like guests, lured from the kitchen stove into the economy during war and boom times, only to be cast off again when peace returns or the economy falters, as today. [More…]
The local economy is still in the process of adjusting to this change and it has been characterised by relatively high levels of unemployment and a general slowing down in business activity, particularly in the construction industry. [More…]
But those relations remain the victim of interdepartmental rivalries, a scarcely measured loss at the end of a chain of bitter consequences in our failure to plan the national economy. [More…]
There is a false economy in this particular area. [More…]
However, when a recession occurs or there is a downturn in the economy and as a result expenditure is cut, that cut is made across the board; but the benefits of industry protection necessarily restrict themselves to certain parts of Australia. [More…]
The transfers which enable the economy of one State and therefore employment in one State to be kept up ought to be registered and ought not to go without being known. [More…]
Above all in this context, the economy of the country needs to be looked after. [More…]
The point that I make is that in this country expansionist policies are required, just as the International Monetary Fund has suggested them for the world generally, but the Government is not only putting the lid on our economy and forcing our dole queues to grow, but as the days pass we learn that it has the hide to lecture other countries, which believe in expansionist policies, on the need to put a lid on their economies also. [More…]
I assert again that the economic policies of the Fraser Government will not work; that putting the lid on the economy just will not work. [More…]
There will always be areas in which an unemployment problem is opening up, even when the economy generally has something like full employment. [More…]
The economy can be stimulated generally and a lot of jobs can be provided everywhere by indulging in capital works programs. [More…]
I hope that more honourable members on the Government side of the House think the way the honourable member for Lilley thinks and that they will push the Government into adopting some kind of program to expand capital works so that we will be able to stimulate the economy, to provide jobs in the areas where they are most needed and to start to get the economy moving back towards full employment. [More…]
An assertion has been made that what is good for housing is good for the Australian economy. [More…]
The Australian economy needs a public housing stimulus now because men are unemployed and much material is unused. [More…]
Our policy of reducing interest rates has helped the economy. [More…]
As the economy revives the purchasing power of these family allowances should be examined so that they can be maintained. [More…]
It would ensure them of work in a higher wage bracket which could help some Aboriginal communities to achieve financial independence, improve public works and amenities and help the country’s economy. [More…]
We are interested in trying to improve the economy. [More…]
Therefore, 85 per cent of that $560m would have been spent if the Government had not taken it off the people and would have had the effect on the economy of increasing economic activity and at least doing something to arrest the growth of unemployment. [More…]
The reason that last year’s deficit blew out from $2.2 billion, for which the Government budgeted, to $3.3 billion was that the economy was more recessed than the Government expected and, therefore, there was a great shortfall in revenue. [More…]
What the Government is doing now with this income tax surcharge and other measures is squeezing the economy further, trying to raise revenue to reduce the size of the deficit, but it is making it more likely that the deficit will blow out again because revenue will fall short through lack of economic growth. [More…]
He would have known full well at the time he made that statement, at the time he drafted these arrangements which were introduced in February and which now have been repudiated that it would have been impossible, given the state of the economy, the direction in which the economy was moving, the liabilities the Government had, for the Government to sustain that undertaking. [More…]
Any thinking person who has merely a basic understanding of how this economy is performing and where it is going would recognise that there is no room available for the Government to eliminate that so-called temporary tax surcharge, given the thrust of its general economic approach- one that we disagree with- and not replace it with some other sort of imposition. [More…]
Projects deleted from the 1978-79 work program are preparations for a household income and expenditure survey, quarterly and annual job vacancy surveys, and statistics of foreign participation in particular sectors of the Australian economy. [More…]
Is the Deputy Prime Minister concerned about trade figures which were released yesterday and their implication in particular for the future of the Australian economy? [More…]
This is compared to the current economy excursion one way fare of $695 at all times of the year. [More…]
Importantly, the economy fare would be reduced from $1,880 to $ 1 ,450 return but without a stop-over. [More…]
A new type of fare with different conditions is suggested for introduction between economy and first class fares which would retail at $1,950. [More…]
Those points, I believe, are important to the Australian tourist industry and the Australian economy. [More…]
The other point on page 7 that I would like to raise with the Minister is that he referred to the economy air fare being reduced from $1,880 to $1,450 without stopover. [More…]
-Our country’s economy is drifting deeper and deeper into depression. [More…]
The time of lying to the people about the realities of our economy must cease. [More…]
But that is not the only issue in relation to the Australian economy. [More…]
It is something that we believe is to the benefit of the Australian economy in the present circumstances. [More…]
The situation is going to improve slowly and in the meantime there is a strong imperative on this Government to do what it can not just to equal the economic and trading performance of our partners with which comparisons legitimately can be made but to try to out-perform our trading partners, to have a tougher and more competitive domestic economy, to be more successful in reducing our domestic cost structure and to be more successful in reducing our rate of inflation. [More…]
If ever an economic policy is calculated to undermine this country’s international economic respectability it is one which ignores the reality that until we get the fundamentals of this economy right, and unless we have the nerve to persevere with getting them right, we are not going to survive and prosper in extremely difficult world economic conditions. [More…]
I guess in the context of the general state of the economy that the gloom on the balance of payment situation would surprise no one, but it is serious to the extent that it reveals the failure of the Government’s economic strategy because if the Government’s economic strategy were beginning to work we would have expected one of the first signs of that success to be in our overseas transactions. [More…]
That will have a very important impact on the domestic economy. [More…]
What this really reveals is the isolation of this Government from the rest of the world economy. [More…]
So long as we continue to follow those, policies this economy will be left high and dry. [More…]
I recognise as well as anyone who has a basic understanding of the economic condition of this country the problems of handling the economy at present. [More…]
Of course, there are certain priorities in handling the national economy such as bringing down inflation, but this should be done not at the cost of double digit unemployment or worse conditions for business, and certainly not at the cost of neglecting the needs of people who are totally or largely dependent on government policies for their livelihoods. [More…]
How many passengers (a) occupied first class seats, (b) utilised airline employee discount entitlements and occupied first class seats, (c) occupied economy class seats and (d) utilised airline employee discount entitlements and occupied economy class seats on Qantas flights during 1977-78. [More…]
1,608,110 passengers occupied economy class seats, and [More…]
118,540 passengers occupied economy class seats utilising airline employee or travel industry air fare entitlements on Qantas flights during 1 977-78. [More…]
However, they are estimated to be in the ratio of airline employee, three; travel industry, one for first class entitlements and a significantly higher ratio of airline employee travel for economy class entitlements. [More…]
So is this Labor Party going to tell the Australian workers that it is going to follow the British plan of nationalisation in such a way that industry becomes unprofitable and that nationalised industry becomes a massive drain on the national economy, thereby leading to unemployment, to stagnation and to depression? [More…]
The economy cannot be controlled without controlling human beings, who are still the greatest of all economic factors. [More…]
We on this side of the House have never at any time resiled from the opportunity of stating where we stand: We stand clearly for a mixed economy in Australia. [More…]
We have said in the past that this approach of a mixed economy, we believe, is the best technique for wealth creation and distribution a successful undertaking of public and private capital operating in harmony. [More…]
we’re committed, if we become a Government, to administering the mixed economy, an economy which is preponderantly in the private sector. [More…]
If we can’t make the private sector function successfully then we’re a failure in handling the economy. [More…]
Business has got nothing to fear from the Labor Government, we are committed to making the economy work efficiently and well. [More…]
These are all tools which people from both sides of pontics believe are necessary to regulate the Australian economy and to make it work in a much more socially desirable way that is more akin to the national interest. [More…]
It is discussed as a tool for the more socially acceptable functioning of the Australian economy. [More…]
Public ownership is looked at as a tool for redirecting investment and making the economy work in a more socially acceptable way. [More…]
Then he said that ‘he accepted the principle that as unemployment rose so too should unemployment benefits; that the principle would be designed to protect individuals who quite innocently are caught in the turmoil of a mismanaged economy’. [More…]
Certainly we are now in the turmoil of a mismanaged economy with rising unemployment. [More…]
I suppose that this is a rather unique Australian approach, with our mixed economy, with a government statutory authority competing with private enterprise. [More…]
This Government and this Prime Minister are responsible, with their irresponsible policies and their irresponsible management of the economy, for driving Australia into just such a position. [More…]
Is he also aware that Ridge’s business magazine and the journal of the Australian Industries Development Association- two sources generally regarded as reflecting careful, if not conservative, economic views- have both called on the Government recently for some moderate and careful expansion of the economy? [More…]
There is always pressure to stimulate an economy by traditional Keynesian economics while inflation is still higher than it should be and while interest rates are still higher than one would want for the normal and proper operations of an economy. [More…]
Governments may sometimes be able to spend a few hundred million dollars, or, in the case of the Leader of the Opposition, a few thousand million dollars, in order to stimulate the economy of a country and think that that is a good thing and may have a beneficial result. [More…]
But it needs to be understood that the stimulus that will come from natural causes, from a stable economic base, from low inflation and lower interest rates, will do much more for an economy than a government induced stimulus launched before the major fight against inflation and before the ills and imbalances of the past have been completely overcome. [More…]
I believe that in this economy the establishment of a stable cost base and the starting of a movement down in interest rates is enabling Australian industry to get up and compete again, something which, under Labor’s policies, it was quite unable to do. [More…]
That is the way a stimulus will come to this economy. [More…]
Small key groups have been seeking to disrupt the Austraiian way of life and the Australian economy. [More…]
The Government believes that a viable small business sector is the backbone of our economy and the continued vitality of small business is essential for the maintenance of a soundly based and balanced economy in Australia. [More…]
I think it is important to realise in regard to this aspect of over-regulation that, apart from the large manufacturers, retailers and importers that this legislation seeks to deal with, there are small businesses which have a vital part to play within the Austraiian community, not only in relation to the economy but also in relation to the aspect of employment, and which we cannot over-regulate. [More…]
After all, we are looking at this legislation as being for consumer protection; yet within its framework and provisions this Act denies the right to do the sensible thing in so many ways, particularly in respect of what I have just mentioned- the merging of firms because of the economy of costs and in many cases to prevent a business closing up completely. [More…]
The fact is that our relations with South East Asia remain the victim of inter-departmental rivalries- a scarcely measured loss at the end of a chain of bitter consequences in our failure to plan the national economy. [More…]
The shocks to our economy caused by the previous Labor Government were extremely severe. [More…]
In three successive Budgets the Fraser Government has acted to reverse these disastrous distortions in the economy. [More…]
There was an exponential growth in the world economy in the late 1960s and early 1970s with a corresponding growth in the need for energy. [More…]
Now because the world economy has flattened out there is generally not the need for greater energy in those countries. [More…]
How do economy fares of Australia’s domestic airlines compare with the cheapest domestic air fares charged by the largest carriers in each of the other Organisation for Economic Co-operation and Development countries. [More…]
A list of the lowest published domestic air fares over representative routes of member countries of the OECD are set out in the table below together with the economy fare for the Melbourne-Sydney route. [More…]
Whilst the question only specified the economy fare on the latter route there are a number of concessional fares applicable. [More…]
The Australian Labor Party does not intend that there should be expensive inquiries or surveillance where there is proper competition, but we have to face the fact that competition does not exist in many sectors of our economy. [More…]
Therefore interest rates cannot come down without other effects on the economy which the Government seems to wish to avoid. [More…]
Interest rates are linked inextricably with other aspects of our economy’s working, and in economists’ jargon it is always dangerous to try to fix too many nominal magnitudes. [More…]
I want to remind the House that the problems facing the Australian economy are structural as well as cyclical. [More…]
The problems confronting the economy in general and manufacturing industry in particular in the structural area are; firstly, that insufficient jobs are being created to accommodate the 130,000 people coming into the work force each year and those who are currently unemployed; and secondly, the difficulties which increasing balance of payments problems mean in terms of interest rates, recessions and so on. [More…]
We are relying far too much on macro-economic policies, which are putting the hd on the economy now and working against the creation of new jobs. [More…]
The Australian economy has been through an extremely difficult period. [More…]
-The Government’s rural policies have recognised the important part that our rural industries play in the Australian economy, and I believe have shown a commitment to ensuring that we will continue to have a strong and healthy primary sector. [More…]
So approximately $970,000 would flow back into the Australian economy if Australian crews were manning Australian ships. [More…]
The economy is stagnating. [More…]
I said that this cost the economy of Tasmania about $1 lm to $12m. [More…]
It will enable those matters to be discussed against the background of the Victorian part of the Australian economy and their particular implications for Victoria to be assessed. [More…]
I consider this to be highly hypocritical coming from those who when attacking the original Medibank, and especially bulk billing, argued for years that this country’s economy would collapse if the patient did not pay at the point of service. [More…]
I wish to raise in this Grievance Debate the subject of the increasingly disadvantaged position of Australian agriculture in the national economy. [More…]
Our policies are also increasing a recognition within our motor industry and our motoring public of the need for research and rationalisation in regard to energy capacity and economy. [More…]
As the economy sinks into deeper recession and as the rate of technological change increases, they will be joined by another older group, namely, those well experienced in the workforce but rendered redundant. [More…]
One cannot separate the unemployment problem and the state of the economy. [More…]
We must put the economy right before we will be able to return to a situation as it was in the 1960s when we had relatively full employment. [More…]
These should include the following: The establishment of an effective national assessment of the international economy and strategic planning for trade; a review of the operation of the traditional forms of trade; promotion and assistance in traditional markets; the establishment of country by country plans and priorities; the provision of incentives for export gains and for export development to efficient industry; the provision of assistance in inverse proportion to the scale of other industry assistance; and the establishment of machinery to facilitate trade with new markets, with small markets and with other governments and their instrumentalities engaging in trade in cooperation with the private sector with a view to assisting private industry. [More…]
What will lift people from poverty in the developing nations is honest, just and efficient government, a sound economy and, above all, healthy competitive international trade. [More…]
Despite these problems two developments are taking place in the Japanese economy that augur well for Australian products and services. [More…]
Perhaps the most important comment to be made about the IAC findings is that the system of high protection for import competing industries has raised the overall cost structure in the economy and that the net effect has been to provide a wider range of products for the domestic market. [More…]
That had been the result of the massive cost inflation that had been imposed upon them by a government that had allowed the local economy to get out of control and had followed that by giving manufacturing a swift kick in the guts by lowering tariffs, by 25 per cent. [More…]
He is well aware of the disastrous effects that environmental extremists can have on the economy and on the average man’s standard of living. [More…]
If we are to provide a stimulus to the economy, if we are to get things moving again, it is important that we have selective government expenditure. [More…]
If we spend money in these industries there is a multiplying effect which stimulates employment within the economy. [More…]
The Opposition states quite clearly that both men and materials are available and this Government should take the initiative to provide selective stimulus to the economy in order to get things under way. [More…]
It helps to boost the economy. [More…]
If we have a viable building industry we have a viable economy. [More…]
This Government is taking proper restrictive and necessary economic measures in view of the state of the economy which it inherited from the former Labor Government, which unfortunately threw money around in any direction. [More…]
It has brought down a Budget designed to carry the economy within the limits of the money available. [More…]
The point is that if we can get the housing industry going in this country, I am certain in my mind- I know that a number of my colleagues join with me in this belief- that we can make the economy tick the way we want it to tick. [More…]
I believe that the result will be an expansion of the building industry, which in turn will be of great benefit to the young people of this country, to the economy of this country and to the future of this country. [More…]
A revolt is coming among Government supporters who seek greater expenditure on housing and public works so that the economy can be stimulated and the present unemployment situation can be dealt with. [More…]
Even if the Government gets it down, if things improve, to 40 per cent, one must also consider the amount that is actually being loaned for new housing- and I emphasise that money for new housing is needed to stimulate the economy. [More…]
This figure in itself represents a clear admission by the Government that it is prepared to deny large numbers of the unemployed the right to obtain the necessary skills required to work in an economy characterised by dramatic changes in skill requirements. [More…]
They all affect the economy. [More…]
Some decisions, in fact, damage the economy. [More…]
The position, therefore, is that we are today trying to rebuild an economy which, by the end of 1974, by any reasonable yardstick was in a catastrophic situation. [More…]
While the honourable member opposite might accuse my colleague of bringing up this question, the fact is that the problem which is a major sociological one is not simply a question of reflating the economy and therefore making jobs. [More…]
At the same time, it seeks to shut down some of our mining industries and other development industries within Australia which keep our economy afloat. [More…]
It is all so simple: Sabotage employment and export earnings under the guise of conservation and rebuild the shattered economy on Marxist lines. [More…]
I also point out that a movement down in general interest rates is one of the best things that can happen in this economy. [More…]
But the pause which we have imposed on some areas of defence expenditure will benefit the economy and thus, in the longer run, the defence effort itself. [More…]
I also draw the attention of the House to the fact that of the two builders of these vessels in the United States one has carried out an economy program to cut out the effects of inflation successfully and the other has not. [More…]
They know that they can hold the economy and their employers to ransom indefinitely. [More…]
This Prime Minister (Mr Malcolm Fraser) and his Government destroy everything they touchthe economy and employment. [More…]
The Government has tried to use a dispute at the oil refineries in New South Wales involving workers in the Transport Workers Union, the Storemen and Packers Union, the Federated Clerks Union and the Amalgamated Metal workers and Shipwrights Union regarding a $10 claim for alleged sand damage to cars, to inflame passions in New South Wales, not because of its alleged concern for the economy, but because it wishes to use the dispute in a vain attempt to restore coalition fortunes, which are irretrievable anyway. [More…]
We have at least four sources of data concerning the unemployed, namely, the Commonwealth Employment Service, the Australian Bureau of Statistics, certain surveys undertaken by the Department of Social Security and that information provided by independent surveys, notably certain consultants within the Australian economy. [More…]
‘Postindustrialism’ includes automation, the growth of the information sector, miniaturisation in which smaller machines have greatly enlarged ranges of functions, and a post-scarcity economy in which problems of goods production have largely been solved. [More…]
We must recognise that ‘post-industrial society’ is based on a ‘post-scarcity’ economy in which the equitable distribution of goods is a greater problem than their manufacture. [More…]
However, the economy has changed. [More…]
What I do question is whether the Government is taking seriously the Birch inquiry’s study and the technical needs of the economy, and whether staff ceilings imposed on CSIRO have not adversely affected plans for future research expansion. [More…]
It will have a marked effect on the economy not only of Hobart but also of southern Tasmania during the period of construction. [More…]
Questions which arise in this area include: Are all the present services required, and if not, can any of them be discontinued in the interests of economy? [More…]
Honourable members will be interested to know that the latest issue of the publication Trends published by the Bureau of Agricultural Economics this week contains revised forecasts for the rural economy in the current financial year. [More…]
Coupled with a good season, these revised forecasts indicate the best prospects for the rural economy perhaps for 1 5 years. [More…]
It is a good thing not only for farmers but also for the whole of the Australian economy. [More…]
This mismanagement is, of course, consistent with the Government’s approach to the domestic economy. [More…]
It continues systematically to demolish capacity for planning the national economy. [More…]
The Minister for Trade and Resources (Mr Anthony) organises meetings to help Australian manufacturing to go off-shore without having any assessment of the consequences for our economy or for the economies of our neighbours. [More…]
exports are vital to Australia’s economy, but it must be remembered that this also applies to ASEAN nations. [More…]
Reference is made in proposed new sub-section 4 (a) to an evaluation of the procedures and departments used to determine economy and efficiency in the use of resources. [More…]
Paragraph (a) of proposed sub-section (4) refers to an evaluation of the procedures departments use to determine economy and efficiency in the use of resources, and paragraph (b) refers to an evaluation of whether the functions examined are being carried out in an economical and efficient manner. [More…]
an evaluation of whether the procedures adopted by the body or person to review the economy and efficiency with which that body or person used the financial and other resources are effective or not. [More…]
He is an expert in matters associated with the economy generally. [More…]
I notice that the report refers to the publications of the United States General Accounting Office and says that it provides a useful description of an efficiency and economy audit. [More…]
A review of efficiency and economy shall include inquiry into whether, in carrying out its responsibilities the audited entity is giving due consideration to conservation of its resources and minimum expenditure and effort. [More…]
Economy and efficiency audit- determines whether the entity is managing or utilising its resources (personnel, property, space and so forth ) in an economical and efficient manner and the causes of any inefficiencies or uneconomical practices, including inadequacies in management information systems, administrative procedures or organisational structure. [More…]
But surely in a time when there are complaints in the Public Service about staff ceilings it seems a waste of resources to use those staff to carry out functions which can be and are being adequately catered for by private employment agencies in the economy. [More…]
I believe that the responsible Minister ought to take strong action to ensure that the Commonwealth Employment Service plays a proper and co-operative role in the economy and takes the opportunity to work with private employment agencies where it can to see that people are suitably placed. [More…]
Better still, since the Government has made great play of the Prime Minister’s belated invitation from President Carter, he might take the opportunity when in America to illuminate Americans about our economy. [More…]
While Americans have effective laws which will permit legal action against those people presently misrepresenting the Australian economy and the employment situation, Australians- among them our unemployed- are not able to take action against those people in this country who flagrantly misrepresent and mislead them over the true state of the Australian economy. [More…]
The Committee considers that the paper prepared by the advisers is a valuable first step in the attempt to establish the economic significance of tourism in the Aus.tralian economy. [More…]
I have no doubt that, given a continuation of the Government’s policy in respect of the de-escalation of inflation and the holding down of costs, this industry can again take off to the advantage of the whole Australian economy. [More…]
On those figures alone there will be a very tremendous input into the economy of Australia and into the economy of the tourist industry. [More…]
It is vital that these links remain open so that we can export and import our goods at times most favourable to our seasons, to our economy and to our balance of trade. [More…]
But the very nature of the Western Australian economy requires a substantial public infrastructure presence, particularly in the field of telecommunications. [More…]
The Bill, in my view, is significant because it epitomises the very essence of the Government’s economic philosophy; that is to say, a large amount spent on public works, on the one hand, can have the effect of stimulating the economy and a diminution of funds, on the other hand, can have the converse effect. [More…]
If there were to be any major Government initiative to stimulate Australia’sflagging economy, it would involve expansion of the public sector of the economy. [More…]
Yet the main thrust of the Budget is to hobble the public sector, to contract the economy and to curtail the public works program. [More…]
Under the Budget Government revenue increases by $2,588m but total outlays increase by only $2,067m to $28,870m; that is to say, more than half a billion dollars effectively is taken out of the economy by virtue of those substantial figures, figures of utmost significance in the Budget. [More…]
If the deficit for this financial year were to be retained at 4.3 per cent of gross domestic product, which was the figure last year, instead of being allowed to fall to 3.4 per cent of gross domestic product, an extra $ 1 billion would have been available to stimulate the economy. [More…]
In other words, the stimulus to the economy from the deficit has been seriously reduced. [More…]
This involves a prejudice against the public sector of the economy, a prejudice against public works, the worshipping of the holy cow, the private sector, and certainly a prejudice against the Public Service. [More…]
I want to make another point: This Government has set out to cause the terminology ‘public sector of the economy’ to be regarded as a dirty kind of terminology. [More…]
It shows the extent of public support for the economy in Australia on the one hand as against the economy of comparable OECD countries. [More…]
Of course, what he is doing with this obsession is undermining the economy and developing mass unemployment which wil make Australia- this is among the OECD countries- the country with the most potential having the poorest possible result. [More…]
Instead of abdicating from responsibility for the economy and instead of curtailing public works programs, the Government should move in with its moderating influence. [More…]
We have found a government that has actually thrown away the very weapon that it could use to wage war on the lethargic state in which we see the economy today. [More…]
I conclude simply by saying that this legislation is a disgraceful measure in that it demonstrates that the Government has no confidence or enthusiasm about the powers with which it has been equipped by the Australian people to get on with the job of stimulating our economy. [More…]
All those young people will have no future unless there is a decent public works program and a decent public sector in the Australian economy. [More…]
I think there are many in the world who do not realise the significance of Australian agriculturists to our economy. [More…]
We in this Government are certainly intent on trying to reverse that trend and ensure that in every sector the Australian farmer continues to play his part in the totality of this economy. [More…]
So long as union bargaining power is inhibited by high unemployment that may not be a problem for the Government, but if the economy should eventually move into a substantial recovery phase, union frustration and resentment at the depression of real wages and complete lack of confidence in the wage indexation system may well boil over into another wage explosion. [More…]
That is the situation which normally arises as an economy climbs out of a recession. [More…]
They still wanted to blame workers’ wage levels for the downturn in the economy. [More…]
Do we mean the whole economy, the market sector, or just the non-farm market sector? [More…]
If increases in female wage rates are excluded on the assumption that the principle of equal pay for equal work is a social rather than an economic matter, and using a productivity criteria of long-term trend growth in the market sector of the economy with a starting point of 1973, it is even possible to show a 5 per cent wage underhang [More…]
Instead of blaming the workers for unemployment it is time that a Labor Government was allowed to stimulate the economy. [More…]
Let us stimulate the economy with selective expenditure and commence the industrial and manpower planning policies required to offer the young unemployed some hope for the future. [More…]
The Australian economy has been tightened and strengthened since the unprecedented developments of 1974. [More…]
Indeed, over the last few years there has been a renewal of public infrastructure and community colleges, hospitals and the like have been constructed there; so much so that the collapse of the copper mine would have meant a scaling down of the activities of the town and enormous losses being inflicted upon persons who had put their life’s work into the town- all because of a fall in the price of copper, because of a down turn in the world economy. [More…]
The IAC took a pessimistic view of employment prospects in the light of the state of the world economy and the price of copper. [More…]
Pressures for structural change appear to be mainly responsible for the disproportionate loss of employment in highly assisted industries, and the additional assistance they have received has added to the backlog of change which the economy will have to face. [More…]
Whatever merits these policies might have as ‘temporary’ measures, the further they are extended the more likely they are to prejudice the health of the economy and thus retard recovery from the recession. [More…]
More importantly, what are honourable members opposite doing when their Government brings down a Budget that is running down the economy and leading us to the problems that are now occurring in Mount Lyell and in Kalgoorlie? [More…]
Where are honourable members opposite when it comes to criticising the Government for its economic policies which have led to a total rundown in our economy and to this sort of - [More…]
The whole range of the Australian economy is being run down. [More…]
Sixty-nine per cent of workers felt that another wage increase would not help them much and that they would rather wait until the economy settled down. [More…]
The States have continued to spend at the same rates of growth during the past few years of economic stringency as if the economy was still in the prosperous years of the 1950s and 1960s. [More…]
The time must come when the States must pull their weight in the fight against inflation and the fight to restore the Australian economy to its former prosperity following the disastrous years of the Whitlam Government when expenditure by both Commonwealth and State governments skyrocketed to new heights. [More…]
But when it comes to assessing the impact of their spending decisions upon the national economy they suddenly act as though they were merely allocation agencies for Commonwealth money. [More…]
If this does not occur then the allusion to the Australian economy having seven different heads and going in as many different directions is unfortunately all too true. [More…]
In fact, it has enormous implications for the state of the economy, unemployment and activity in the States. [More…]
These are very large sums of money, enormous amounts of money, and therefore their importance in the economy is substantial. [More…]
If they are reduced in real terms that has various important implications for the state of the economy and for the level of activity in the economy, particularly in the building and construction industry. [More…]
The fact that that money is not there, that in this financial year there has been this $309m reduction in the real level of payments to the States for capital works, has enormous implications for the operations of the States, for the building and construction industry, for the economy generally and for the level of unemployment. [More…]
I cannot see for the life of me how this program is destined to allow the economy to recover, to put investors’ money back into the country and put people back into the work force. [More…]
An expanded capital works program can bring the economy to life again more quickly without any harmful effect on inflation. [More…]
As we know the reality is that the economy was not recovering and that in fact it was going deeper and deeper into recession. [More…]
In other words throughout 1977-78 the real growth in the economy was only just over half the growth for which the Government had budgeted. [More…]
These examples show how misleading and false were the Treasurer’s analyses of the state of the economy when he sought to convince the Premiers that substantial cuts in their allocations for capital works were desirable and appropriate. [More…]
Clearly the economy was then and still is in far worse shape than he maintained was the case and the Government’s policy of severely reducing the allocations to the States for capital works has markedly exacerbated the situation because in this important section of total demand there is not just no growth, but an actual decline. [More…]
If we stimulate building and construction, with a given allocation of funds, we do more to stimulate the economy as a whole than we could do by allocating funds is any other way, by other forms of expenditure or by tax cuts. [More…]
It has tremendous ramifications across the whole economy with very little leakage to imports. [More…]
If we cut back real expenditure we generate a substantial recessionary factor in the economy. [More…]
The impact on the economy this financial year is, unfortunately, likely to be even smaller. [More…]
will further retard provision of infrastructure essential to the effective functioning of the economy, [More…]
The need to enable the States to play a part in stimulating the economy by undertaking an expanded capital works program was obviously disregarded. [More…]
These figures show a cutback in capital grants to the States- the public sector-at a time when the investment allowance is an indication of capital grants to the private sector of the economy. [More…]
If we have a look at the figures we see the extent to which the Australian economy has been taken over by foreign interests as a result of this Government’s policies. [More…]
They will help New South Wales; they will help South Australia very much indeed- far above its due proportion and its due weight in the Australian economy; and as the honourable member for Denison (Mr Hodgman) has been pointing out- I hesitate to use the words, but almost ad nauseam- they will help Tasmania. [More…]
South Australia will receive over 13 per cent, which is not relative to South Australia’s size in the Australian economy, and Tasmania will be helped to the extent of 7 per cent. [More…]
We know that the draconian cuts we have witnessed in this Budget have very little to do with aiding the economy but have a great deal to do with fostering this Government’s obsession with a redistribution of wealth so that the poor shall be poorer and the very rich shall be even richer. [More…]
It does not admit that since its unholy grab for power it has failed to come to grips with the economy. [More…]
Through their mishandling of the economy we are descending even further into the recession. [More…]
Such a Budget would be appropriate to an economy where private sector spending is about to go into an inflationary spiral or where the economy must be brought to a full stop to avert a balance of payments crisis. [More…]
Mr Davidson claimed that the measures taken were more appropriate to a boom economy than to a recession, describing the Budget as viciously deflationary. [More…]
As with the deficit obsession, federalism is the Prime Minister’s monster, and like the deficit monster it too is a monster which threatens to strangle the economy. [More…]
An expanded public capital works program can bring the economy to life again more quickly without any harmful effects on inflation. [More…]
They have suffered the costs of his philosophy and his mismanagement of the economy. [More…]
This restraint on public spending, tightening the belt and all the rhetoric about equating the national economy with the household budget have failed to wash. [More…]
Given the Government’s overall stagnation strategy which is deliberately aimed at contracting the Australian economy, we find it out of character that these measures are brought in. [More…]
This is evident at two levels: Firstly, at the general level of the economy, with the Government’s refusal to stimulate the economy, with its cuts in spending and staff levels and with its imposition of a Vh per cent surcharge on personal income tax. [More…]
Firstly, may I state that the Opposition advocated such cuts as part of a package of policies which included the controlled stimulation of the economy and planning measures designed to ensure the long-term viability of the motor industry. [More…]
This Government has to get down to its task and face up to the cold hard realities of deciding which of the particular manufacturers in the motor vehicle industry have not so much to go to the wall but have to cease manufacturing because the economy of this country cannot stand the number of car manufacturers that we have today. [More…]
Other essential parts are, firstly, a controlled stimulus to the economy to increase consumer demand for the products of industry and, secondly, the institution of positive industry policy programs designed to encourage the revitalisation of existing industries, the restructuring up into new industries, and positive manpower policy programs to increase the mobility of workers through training, retraining and job search subsidies. [More…]
We in the Opposition are optimistic that the right package of” policies, coupled with an appropriate recognition of the structural problems within Australian industry, can get our economy back to full employment. [More…]
Until the present Government recognises the error of its ways and adopts the strategy which the Opposition is advocating, it will only lead the economy deeper into recession. [More…]
Small business is vital to Australia, both to our economy and to our way of life. [More…]
It is to be hoped that Australia does not have to go too often through the problems of the boom and recession of that period that flowed throughout the Western world, because the decision to reduce tariffs was one of the very few options open to the Labor Government in that period in order to make the goods available to what was a much steamed up economy. [More…]
No one wishes that the rise and fall in the economy which we had then would come back to Australia. [More…]
I would think that most of us are contributing towards ensuring that we have a stable economy in which everybody can share in the resources of this country and in which there is work for all those people who wish to go to work. [More…]
In some instances governments have lost their rationale about what may be required when the Australian economy picks up. [More…]
If the economy picks up, which we hope it will do, and if it starts to provide jobs one of the great problems we will face will be that we will have insufficient numbers of skilled people to carry out the work that will be required to build the infrastructure for a stable economy. [More…]
These Bills will protect some skills in Australia but they represent an ad hoc arrangement made without any serious planning by the Government of the basic skills necessary to enable a nation to perform in an economy which will depend on the nation’s technological capacity in the future for its standard of living. [More…]
Are these things evidence that in order to move towards the Government’s money supply targets stipulated in the Budget the Government is moving the economy into further marked contraction which will result in unemployment rising to about 8.5 per cent of the work force, or more than 500,000, in the early new year, and remaining at higher levels throughout the year than at any time since the great Depression? [More…]
To be more specific, I point out first and foremost that we have never had the advantage of economy class fares, except to the city of Mount Isa. [More…]
We are well aware of the financial benefits to the economy of the movement of people throughout Australia and the movement of people coming to Australia from overseas. [More…]
It is a rural fantasy of a bank which could lend funds at rates which would not reflect the interest rate structure in the economy as a whole. [More…]
In other words, in the last three years, through responsible, courageous economic management, this Government has halved the rate of inflation and has put the economy in a position where it can bear lower interest rates. [More…]
I. Higgins & V. W. FitzGerald: An Econometric Model of the Australian Economy, Journal of Econometrics, October 1973. [More…]
Australian Economy, Fourth Conference of Economists, 1974. [More…]
L. Coghlan: Simulation with the NIF Model of the Australian Economy, SIMSIG Conference, 1978. [More…]
However, as a generalization it can be said that simulation analyses ofthe kind referred to ‘show’ only the mechanical consequences of imposing certain assumptions upon the assumptions (as to the working of the economy, etcetera) which are implicit in the model involved. [More…]
One dealt with a private dinner; three dealt with the economy; one was on export controls; one was on mineral exports; one- only one- was on the very serious question of employment; and one was on the question of Jewish discrimination by Qantas Airways Ltd. [More…]
Finally, and most importantly, this industrial action is prejudicial to the recovery of the economy. [More…]
It is a strike at the lifeblood of the economy. [More…]
Obviously the Transport Workers Union bosses fear the independence of small businessmen and contractors who are prepared to work and to continue working to keep their own businesses afloat and the lifeblood of the economy flowing. [More…]
The Transport Workers Union industrial bosses do not want alternative means of carrying fuel and other essential supplies to exist in the economy so that when they snap their fingers they can bring the economy to a standstill and there will not be other alternative sources of transport to keep the wheels of industry turning. [More…]
The members of the Labor Opposition are not sticking up for the rights of all members of the Australian community to have the economy improve and to have it continue on its upswing. [More…]
In fact, one has the suspicion that they are surreptitiously and secretly pleased to see some disruption to the economy so that this Government, in their eyes, will be blamed for lack of recovery. [More…]
We on this side of the House support the rights of individual workers and of all citizens involved in the Australian economy to be able to go about their businesses and to conduct their affairs in a normal and peaceful way, without intimidation. [More…]
Honourable members opposite talk about the economy. [More…]
We are talking about an economy that ought to be helped. [More…]
We are talking about the economy of this nation and, of course, fuel is of paramount importance when it comes to transport. [More…]
We have stupid situations such as this at a time when the Government is working with a very fragile economy- an economy that was put into decline by a deliberate policy of inflation by the former Labor Government; yet the Labor Party is willing to assist and abet a small group of people who want to put other people out of work, who want to close down productivity and who want to prejudice the lives and livelihoods of ordinary, simple Australian workers whom they purport to represent. [More…]
Our very fragile economy, which is picking up because of strong Government policies, is at risk because of strikes like this- and I suspect that the union movement knows it. [More…]
The return economy fare between Sydney and Perth now costs $447.60. [More…]
Between Melbourne and Cairns the return economy fare is $391.20 and between Brisbane and Hobart it is $292.40. [More…]
There will be one immediate purchase economy fare of $1,450 to operate all year round. [More…]
But under the Government’s proposed system this fare is to be eliminated, and the single economy fare of $725 one-way is to operate. [More…]
It is to these areas that I think we must look if we are to open up more the whole range of domestic air fares so that we can make Australia an attractive place to which people can come, where tourists are encouraged to use our facilities in moving around our country, in learning about exactly what we have and what we are all about, and thereby making a very vital contribution to our economy. [More…]
Perhaps that sacrifice should be made to get greater economy of scale and greater utilisation of that type of aircraft. [More…]
The person travelling on a normal full economy ticket has got an increase in his fare. [More…]
One knows that on the international scene particularly one can get a package tour for eight or nine days often far cheaper than the economy class return fare. [More…]
One suspects that a little bit of that comes into the package tours to Surfers Paradise and other areas in Queensland, and even to Wrest Point, where there is little difference between the return economy class fare and the return package fare which provides several nights’ accommodation and $10 worth of chips to use at the casino. [More…]
Japan, as we all know, has an enormous economy compared to our own, yet I believe- I cannot prove it because I do not have the figures before me, but they should be worth researching- that if one looked at the proportion going to basic research vis a vis applied research and development in a country like Japan and compared it with what we are doing here, one would find less basic research being done in Japan per capita than in this country. [More…]
But changes in the economy since 1950, and predictable future trends demand, as the Birch report makes clear, a greater emphasis on research and innovation relevant to Australian manufacturing industry. [More…]
What has happened is that a rational allocation of scientific resources, based on a sound assessment of the needs of Australia’s society and economy, has not been possible in the context of what people regard as a mean pennypinching Budget of which the Government is proud. [More…]
In the United States, the Department of Commerce published in 1977 a study by Dr Marc Uri Porat called the Information Economy in which he concluded that since 1967 information workers, broadly defined, had received more than half of employee compensation and that by 1980 more people would be employed in the information sector than in all the other economic sectors combined. [More…]
He endeavoured to address himself to the changes in the longer term economy of this country. [More…]
There were major developments in the provision of utilities such as electricity, gas, water, sewerage, and in urban housing, transport, schools and hospitals with a resultant scarcity economy with supply falling behind demand. [More…]
There has been an end to the era of cheap raw materials from the Third World, and major developments, such as utilities, schools and hospitals in a post-scarcity economy places more emphasis on the consumption of services than on goods. [More…]
The reason why it is important to see the Government’s borrowing program as part of Australia’s external position is that this Government’s policy in relation to economic recovery is predicated on the view which overseas decision makers have of the Australian economy; that is, it is very important to the Government to ensure that decision makers overseas have a favourable view of the shape of the Australian economy, its strength and the strength of the Australian dollar. [More…]
Externally, our export growth will be constrained by the continuing moderate growth of the world economy in 1978-79. [More…]
The program has resulted from a Budget which is aimed at bringing down inflation, bringing down interest rates and making our Australian economy more competitive. [More…]
The world economy can get into a mess and there could be a depression. [More…]
Who is running the economy? [More…]
The support should include the following: An effective national assessment of the international economy and strategic planning for trade; a review of the operation of traditional forms of trade promotion and assistance in traditional markets, establishing country by country plans and priorities; incentives for export gains and export development to efficient industry by providing assistance in inverse proportion to the scale of other industry assistance; the establishment of governmental machinery to facilitate trade with new markets, small markets, other governments and their instrumentalities engaging in trade, in co-operation with, not competing with, and with a view to assisting, private industry. [More…]
It is fundamental if the economy of this country is to recover. [More…]
Above all, at a time when the Government is seeking ways to reduce the deficit, let us hit tax avoidance and tax evasion, not legitimate commercial and business practices on which we will have to rely if this economy is to recover from stagnation. [More…]
I am sure that the people of Australia will receive, now and in the future, a far better tax deal than they received during the dreadful years 1972 to 1975, a period when taxation ran rampant simply because inflation ran rampant Now we have stability in the economy. [More…]
Australia has been able to buy time by promising to tackle the problem as soon as the Australian economy recovers, but we will not be able to rely on that excuse for much longer. [More…]
These were selected on the basis that they were not considered to be mainstream economic and social indicators, that they were as self-contained as possible so as not to have major repercussions on inter-related projects and that they were small to medium size so as not to concentrate the whole impact on one sector of the economy. [More…]
Over this period of 30 years, stabilisation has served both the industry and the Australian economy well- The industry has grown from one that produced 190 million bushels a year to one that today is looking to a production of something in the order of 500 million bushels. [More…]
The honourable member for Maranoa (Mr Corbett) and the honourable member for Canning have quite rightly said that, for instance, an outbreak of foot and mouth disease in this country would probably result in a loss to the economy of $ 1,000m in a full year. [More…]
Our economy could never stand such an enormous loss. [More…]
If it does it will spell disaster for the economy of this nation. [More…]
Private investment is essential for the welfare of the economy and the maintenance of full employment. ‘ [More…]
Whether we look at it on the individual basis or on a growth basis, it shows that the policy of running the economy in such a way that interest rates can and should come down in a sustained manner is obviously of significant advantage. [More…]
I put it to the honourable gentleman and to the House that, in terms of this country’s reputation as being receptive to foreign investment, in terms of this economy’s capacity to attract the confidence of overseas investors in the Australian economy and in terms of the importance of the inflow of foreign investment to this country’s economic future, I think all those interests would have been very severely prejudiced if this Government had, in the light of the action taken by the company concerned, rejected the second offer. [More…]
The real interests of the economy lie not in forcing down interest rates but in creating the conditions in which rates fall naturally. [More…]
In our modern, open economy, failure to improve our productivity will lead inevitably to a loss of competitiveness and ultimately jobs. [More…]
This Department focuses, if only in a minimal way, on some medium and long term planning and thinking about the needs of our economy. [More…]
There is a place for every one of the existing industries in our economy. [More…]
Such are the contradictions of Australia’s dependent role in the international capitalist economy and such are the contradictions of conservative economic strategy in these times. [More…]
They have failed to appreciate the Commonwealth’s objectives for both the housing industry and the economy generally. [More…]
The economy fare- that is, the unrestricted return fare Perth-Sydney-Perth or the other way round- is just under $450. [More…]
The budget fare is about $380, or some $67 less than the economy fare. [More…]
These links ought to remain open so that we can export and import goods at times most favourable to our seasons, to our economy and to our balance of trade. [More…]
It is important to Australia as a trading nation that its sea and air links remain open so that we can export and import goods at times most favourable to our seasons, our economy and our balance of trade. [More…]
What about their getting on with the job of restoring the economy for once? [More…]
If they cannot do it they should resign and let the Labor Party do the job for them by resuscitating the economy with selective government expenditure and social services in the right area. [More…]
However, this Government has endeavoured to get the Commission to do its dirty work, to be another arm of government, to be a controller or a regulator of the economy, and to take out the big stick where necessary to keep the unions submissive. [More…]
The state of the economy epitomises the outlook and the incompetence of this Government. [More…]
One has only to look at his statements on the economy over these last three years to find the reason. [More…]
In June 1976 he said: ‘There is now growing evidence that the economy is moving forward’. [More…]
This year promises significant progress in the Australian economy. [More…]
Let us examine what, in fact, this year has meant for the Australian economy. [More…]
If the Government had a sense of history it could look back and see that from the 1950s profits have recovered as the economy has recovered. [More…]
But the AMP reported only last week that there did not seem to be any immediate likelihood of significant improvement in the economy under present policies. [More…]
Our package could be expected to produce growth of about 5Vi per cent, and the economy has the excess capacity to handle this without creating inflationary pressures. [More…]
This motion, in company with the challenge which he gave a few days ago for a national debate with the Prime Minister (Mr Malcolm Fraser) about the economy, is about the dawning awareness by the Opposition leader that he is not doing his job; it is about a realisation on the part of the honourable member for Oxley, the Leader of the Opposition, that over the past 12 months he has attached more importance to the Queensland redistribution than he has to the economy and employment, that he has thought that the business interests of two of my colleagues on the front bench have been more important than the economy. [More…]
It purports to call into question the economic competence of the Government and the management by the Government of the country’s economy not only over the last 12 months but also over the last two years. [More…]
The first and most important indicator of the Government’s performance in handling the economy is, of course, the inflation rate. [More…]
We on this side of the House affirm that one of the major ways of getting the economy going again is to reduce interest rates. [More…]
This is the man who has knocked the Australian currency for12 months, knocked the Australian economy for 12 months, travelled around South East Asia knocking Australia for 12 months. [More…]
The mining of uranium will be a tremendous benefit to the economy of Australia in the long run and I hope in the near future. [More…]
The Ranger project has been on the drawing boards for a long time and at last provisions are being enacted for the mining of uranium ore to commence a development so important to the future economy of Australia. [More…]
So, this measure was designed to have a contractionary effect on the economy in general via an erosion of the aggregate level of consumer spending. [More…]
For the sake of the Austraiian economy as a whole, as well as for the brandy producers of Australia, these new excise duties should be repealed. [More…]
They believe in government direction in all aspects of the economy. [More…]
In a debate last week we emphasised that we would be anxious to see adopted a policy for an effective assessment of the international economy, a review of the operation of the traditional forms of trade promotion, assistance in traditional markets, incentives for export gains and export development to efficient industries by providing assistance in inverse proportion to the scale of other industry assistance, the establishment of machinery to facilitate trade with new markets and small markets, guaranteeing co-operation and not necessarily competition with private industry. [More…]
In many ways, of course, a controlled economy is better attuned to barter trade than it is to normal multilateral trade. [More…]
Whilst the Committee acknowledges the general constitutional principle, it considers that the interests of economy and efficiency require the continuation of this established procedure of the Senate. [More…]
As that schedule is to be abolished, people will have to pay instead the new economy fare of $1,450 return or $725 each way. [More…]
Additionally I wish to emphasise that there will be arrangements negotiated for maintenance of flexible type first class and economy fares which allow the same travel flexibility as at present. [More…]
In determining its policies on the main issues, the Government has had special regard to the attitude of the Norfolk Island Council and residents of the Island, and to the need to take account of the structure of the Island’s economy, its historical background and its way of life that has in a number of important respects preserved the tradition of the Pitcairn Islanders. [More…]
There is a dearth of reliable statistical information on which to assess the capacity of the Island’s economy. [More…]
The Government believes that, in order to make decisions about such matters as the Island’s revenue potential and the nature and level of social welfare benefits, it is necessary to have much more information on the economic strengths, weaknesses and potential of the Norfolk Island economy. [More…]
For these reasons, Professor R. C. Gates, Vice-Chancellor, University of New England, and Professor M. Treadgold, Professor of Economics at that University, have been commissioned to report on the capacity of the Norfolk Island economy. [More…]
Further, I am convinced the policies the Government is following mainly in reducing inflation and in reducing interest rates are of major importance to the agricultural sector of the Australian economy. [More…]
The Opposition basically supports the Bills relating to the Australian dried fruits industry and recognises the importance of the dried fruits industry to the Australian economy. [More…]
The value to the Australian economy in the year 1977-78 was $55.4m of domestic sales and $35. [More…]
Export prices fluctuate greatly from year to year according to world supply and economic conditions in the consuming countries; unfortunately incomes received by growers have fallen behind those of other sectors of the economy for equivalent investments of capital and skills. [More…]
Protection in its various forms inevitably involves government intervention to distort the free market forces in an economy. [More…]
It insulates an economy from change which is essential to real growth. [More…]
The maintenance of smaller cities through the protection of local industries to provide an employment base for a regional economy and prevent the drift to bigger centres may well be justified in such a situation. [More…]
The maintenance of a regional economy in South Australia through some protection may well be justified for social reasons. [More…]
The general disadvantage of tariffs is that their costs are borne by exporters; they shield an economy from the need to change and the need to develop in accordance with international economic developments and because they are applied to imports rather than to local producers, their application is general rather than specific. [More…]
Therefore tariffs cannot provide the benefit of protecting a regional economy for social reasons, which I mentioned earlier may be a significant justification for protecting a particular industry. [More…]
The third advantage is that they can be made specific and can be applied to protect and support a regional economy which, for social reasons, it has been determined is worthy of protection. [More…]
The Government provides forecast information about the economy in the Budget Speech and Statement No 2 attached thereto and, from time to time, in Ministerial statements. [More…]
2 ‘The Budget and the Economy’ pages 47, 48 and 49 attached to the 1978-79 Budget Speech. [More…]
What is the margin currently operating between first class fares and economy class fares of the Australian domestic airlines. [More…]
Is he able to say what is the margin currently operating between first class fares and economy class fares in (a) Canada, (b) the United States of America and (c) E.E.C. [More…]
1 ) and (2) Taking domestic first class fare as the base, the domestic economy class fare as a proportion of that base is: 1 Based on sample of routes and fares. [More…]
The reason for returning the aircraft was to have ten abreast economy seating installed in lieu of nine abreast seating thus increasing the passenger complement by 33. [More…]
Will Asian and European carriers also be able to market in Australia the proposed no-stopover full economy fare and the newly proposed business class fare between Australian and London. [More…]
Quite plainly, it takes a significant time to reassess and re-establish the appropriate balance within an economy so that Australian industries can get a larger share of the domestic market and move effectively out into export markets. [More…]
Even the Leader of the Opposition has indicated that the economy is in the early stages of recovery. [More…]
Because Namibia or, as it has been known, South West Africa has been completely incorporated within the economy of the Union of South Africa, it is the South African Government which has been draining off the benefits of that income that has been generated. [More…]
What do people say about a man who will make statements such as those at elections and then do absolutely nothing about them in administering the economy of this country? [More…]
In an interview which appeared last week in the international magazine Business Week, the Prime Minister pointed out that one example of evidence that the economy was picking up and that there would be more jobs was that Australia was exporting ladies underwear to Japan. [More…]
This Government which has been in office since the end of 1975 believes that the only way to correct the severe disruptions to the Australian economy which occurred as a result of those events in 1973-74 is by way of a prudent, non-inflationary managed recovery. [More…]
We must increase business and consumer confidence, improve our balance of trade and maintain firm and predictable management of the economy. [More…]
In the last three years the decline in the economy was first arrested and then the conditions for recovery established. [More…]
I do not think the honourable gentleman who proposed this matter of public importance would disagree with his leader that the economy is recovering. [More…]
The benefits will have a positive impact on the economy during the months ahead and the Bureau of Agricultural Economics has estimated that farm income could contribute nearly two per cent to gross national product in 1978-79. [More…]
However, the Australian Government has sought to avoid that situation within the Australian economy. [More…]
When one looks at the kind of management that has been associated with recent company crashes in this country and the identification of that management with the Liberal Party of Australia, one wonders very much how that party can bring people in to talk about running the nation’s economy. [More…]
But that is not the way this Opposition has been approaching the economy and unemployment. [More…]
I am pleased to be one who has spoken on the Government side in this debate, if only to ensure that with our type of approach and politics we will continue to achieve that degree of confidence within the manufacturing industries, a confidence whose effects will flow right through the economy. [More…]
In a recent article entitled “The Budget and the Economy 1978-79’, the Australian Economic Review remarked that the already gloomy expectations regarding the likelihood of economic recovery in the near future had to be revised in light of the current Budget. [More…]
Thus we expect that on present policies, the economy will develop significant contractionary impetus during 1979. [More…]
Surely then we should be urgently researching alternative fuels for use in rural areas which, despite the vast structural changes in our economy since the War, still provide a substantial part of our national wealth. [More…]
We believed then, as we do now, that that was a good move in the improvement of equity within the economy, but it was a case of increased public expenditure with, basically, a book entry, given the average effect across the economy. [More…]
The economy cannot support it and, more than that, the whole national security of this country cannot afford it. [More…]
That is clearly beyond the State’s resources particularly with the South Australian regional economy in a parlous state as a result of the Labor Government’s policies. [More…]
One appreciates the fact that local governments and statutory authorities have a prime responsibility to provide public services, but in a free enterprise economy I would have thought it was an eminently feasible proposition to advance that, if private bus operators saw fit to provide a service and to give people the opportunity of making a choice, those private operators could have had their proposition submitted for consideration by the Minister. [More…]
The purpose of that is to enable the community to take over, in effect, the management of its own economy. [More…]
A copra plantation means a copra economy, which of course will not permit wages at the levels that are paid in Australia. [More…]
He believed that there were prospects for greater economic activity and for an uplift in employment in the Australian economy. [More…]
Generally he saw better times for the Australian economy. [More…]
We believe that those policies have contributed, in a major way, to the great number of optimistic signs about the Australian economy which are around at present. [More…]
I pointed out that there were some early movements in the economy- few, true; weak, also true- nonetheless they were there and capable of being harnessed to sustain economic recovery. [More…]
I still have that optimism about 1979 and the future because I know what can be done with the Australian economy and I know what the Australian people are capable of achieving even in the face of great discouragement and adversity given the proper encouragement and the right sorts of policies to back them up. [More…]
It is not just a matter of being alarmed at the rapidity and the erraticism behind the changes in policy of the Government currently and earlier; it is also the big question marks which are hanging over the economy and what the Government will do in the forthcoming fiscal year. [More…]
The latest bogyman is now of course the United States and its economy. [More…]
Well it has not been fulfilled and, in this important area of monetary policy, the economy is in retreat. [More…]
It is quite clear from any analysis of the economy that a lot of those people will be out of work for a very long time, even if the Government does set about a sustained economic recovery program. [More…]
Indeed, it has been the willingness of this Government, the courage of this Government to stick to clearly stated economic goals, that has given to this country the signs of economic recovery, which even the Leader of the Opposition says, albeit with qualifications which I acknowledge, are now emerging in the Australian economy. [More…]
It has not solved all of our economic problems and nobody on this side of the House has asserted otherwise, but we are talking about an economic strategy which has unarguably reduced the level of inflation in this country, an economic strategy which has strengthened the fundamentals of the Australian economy, an economic strategy which has made Australian industry more competitive, an economic strategy which has returned confidence to both Australian business and Australian consumers. [More…]
What we need at present in looking at the Aus.tralian economy is a sense of perspective. [More…]
What we do say is that the fundamentals of the Australian economy are stronger now than they have been for many years; that the basic causes of our economic difficulties of the past few years have started to be put right. [More…]
So let us preserve a sense of perspective; let us recognise that the fundamentals of the economy have been strengthened; that we have been made more competitive. [More…]
They are not the only authorities on the Australian economy, but I happen to believe that leading Australian businessmen do make a contribution to the Australian economic fabric. [More…]
I do not deny there are still areas of the Australian economy which we would like to see strengthened. [More…]
Examining both the history of the Australian economy or economic experience in comparable economies around the world, we do not believe that the type of policy advocated by the Leader of the Opposition would, at best, provide anything more than a short term reduction in the level of unemployment followed before very long by a revival of inflationary expectations and a consequent increase in the rate of unemployment. [More…]
However, the level of our distress ought not to cloud our judgment as to the appropriate solution because if we allow that to occur we will make a mistake; we will delude the unemployed and, worst of all, we might build into the Australian economy the potential for even greater unemployment and lack of confidence than was the case some years ago. [More…]
So, in claiming that there are very solid signs of recovery in the Australian economy, I can very quickly point to the strengthening in retail sales which occurred through 1978, the much greater competitiveness of Australian industry, the extremely gratifying improvement in the condition of the Australian rural sector which will make such an enormous contribution to Australia’s exports this year and lead to an improvement in our balance of payments, and the greater disposition of Australian enterprises to invest. [More…]
The fact is that the economy is much more recessed now than it was three years ago when this Government came into office. [More…]
It is said that that is the prime strategy; we have to get inflation down and once we have done that there will be some spontaneous natural revival of the economy. [More…]
What evidence do we have anywhere that that is likely to be the result of this Government’s policy, a policy which is forcing the economy further and further into recession? [More…]
As I have said, our economy is much more recessed now, despite a lower level of inflation, than it was three years ago. [More…]
What evidence does he have that in other countries a reduction in the level of inflation has brought about a situation in which there has been a spontaneous natural growth of the economy? [More…]
The fact is that the West German Government has been forced to increase public expenditure substantially in order to try to revive its own economy and get the unemployment figures down. [More…]
In fact, if the Treasurer looks at the Economist of 5 August 1978 he will see a report- I am sure that he is aware of its general terms- of the West German Government’s decision to introduce a $US6 billion package to stimulate the economy. [More…]
In fact, halfway through the second year in which growth is falling far below brave government predictions, it is an admission that the public sector needs, in a most ungermanic way, to lead the economy up the growth trail. [More…]
In other words, the Government has to spend some money to try to get the economy going again because it has been recessed by the processes which have been used to reduce inflation, processes which did not naturally bring about economic recovery. [More…]
The evidence is that when a government recesses the economy to beat inflation it eventually has to increase public expenditure to get economic growth going. [More…]
At the present time Japan is battling to achieve its 6 per cent growth rate, and in order to bring that about the Japanese Government has introduced a Budget providing a 20 per cent increase in public works expenditure because it realises that this is the area where there are high multipliers flowing into all sections of the economy and the area which generates economic growth. [More…]
It has channelled money into the public works area particularly- a sensible approach- to try to stimulate the economy and get economic growth going again. [More…]
The reason we will not get spontaneous growth by grinding the economy down and eliminating inflation is that we would just wipe out all expectation that economic recovery will occur. [More…]
If the Government continually introduces policies which grind away that optimism, eventually it takes an enormous amount of stimulus by the Government to try to get the economy going again. [More…]
The Leader of the Opposition has in recent months become known throughout Australia as a master of double think; the man who has done more to talk this nation down and screw its neck than any other person; the man who has become known as the Jeremiah of Australian politics; the man who, for his own political ends, has been prepared to abdicate any respect for his economic expertise or even his economic comprehension; the man who, in recent days, appears to have done an about face on his views about the economy simply because his image makers have advised him that his carping, negative approach to anything designed to improve the Australian economy is losing him credibility in the electorate. [More…]
We are now reaping the fruits of that consistent and responsible approach in the form of a definite recovery in the Australian economy although, as the Treasurer (Mr Howard) has so rightly pointed out, it would be unwise to be too euphoric just yet. [More…]
It has involved several basic elements including restraint in the growth of government expenditure to get it back into Une with the basic capacity of the economy to grow and thereby to provide the necessary real resources; an attempt to restrain the rate of growth of real wages to bring them back into Une with the capacity of the economy to pay; and careful control of the rate of growth of the money supply so that excess liquidity does not continue to fuel the fires of inflation as it did throughout Labor’s period in office. [More…]
Without its responsible approach to macroeconomic policies, the Government would not have been able to introduce the wide range of policies which have already been so conducive to economic recovery and which for many years in the future will have beneficial effects on the economy and on all Australians. [More…]
He is only now grudgingly and for public image reasons beginning to acknowledge that the economy is recovering, that the Jeremiah of the past three years was wrong. [More…]
What he cannot yet bring himself to admit publicly is that the improvement in the economy and the signs of growing improvement are the direct result of a firm, responsible and consistent approach to economic management by this Government. [More…]
I think that the Minister himself would agree that in modern conditions the deficit is one of the most important factors that has to be looked at in estimating the effectiveness of the Budget and the trend in the economy. [More…]
This motion has nothing to do with pensioners; it has nothing to do with indexation; but it has everything to do with the running of the economy. [More…]
What it was trying to do was take away from the pensioners and other persons on fixed incomes the opportunities and rights which persons should receive from a government which runs the economy properly. [More…]
In addition, it is a mean and paltry decision, a decision which, whatever the exigencies of the economy and whatever difficulties we may be in, cannot be justified. [More…]
The Government cannot justify the saving of $27m in terms of the inflationary situation of the Australian economy. [More…]
But this would not be an indication of any greater concern on the part of the Australian Labor Party; it would be an indication of its mismanagement of the economy which made those more frequent increases in pensions necessary. [More…]
But I think the important point to note in these matters, as I indicated in the debate on the economy yesterday, is the trend over a period of time. [More…]
A strong and prosperous Australian economy is vital if we are to achieve the goals we share as Australians. [More…]
I believe that 1979 is the year in which the fruits of our policies will become clearly apparent, a year in which the economy will take a further step forward on the road of recovery. [More…]
By strengthening the foundations of our economy, this Government is taking the most realistic, effective and concerned approach towards providing more jobs for Australians. [More…]
I have pointed to a number of areas where the economy is moving forward. [More…]
After three years of steady policies directed at overcoming inflation and rebuilding the economy of this nation, the signs of progress are clear. [More…]
We are looking at a situation- talking now about the future of the economy of this country- in which I do not believe we can expect the large inflows of foreign investment that we have seen in the past. [More…]
there is now growing evidence that the economy is moving forward. [More…]
this year promises significant progress in the Australian economy . [More…]
I believe that 1979 is the year in which the fruits of our policies will become clearly apparent, a year in which the economy will take a further step on the road of recovery. [More…]
As I mentioned earlier, the latest movements in monetary policy certainly do not betoken any expansion in the economy. [More…]
I think it rather strange that on the one hand the Prime Minister can extol the advantages of improvements in the farm sector while concurrently having the monetary policy squeezing in on the economy. [More…]
It imposes a heavy cost on the export sector of the economy about which the Prime Minister says he is so concerned and which he wants to promote. [More…]
Let me enumerate the clear disadvantages it imposes on the economy. [More…]
In fact, because of stealthy devaluation, the opportunity for developing Australian exports has been improved but again at considerable cost because a devaluation means very simply that the Government has discreetly gone about restructuring the Australian economy with a sledge hammer. [More…]
It means very simply that the work force in those industries is retrenched as a result of the devaluation, that wages are depressed, and that the general level of activity in that part of the economy is set back. [More…]
Why do we not have a more honest approach to the restructuring of the Australian economy, one which outlines what the Government is seeking to achieve for this country- a sort of blueprint for the progressive development of the economy into the 1980s and well beyond? [More…]
It is appalling that we have such a high level of relative poverty in this community and nothing being done about it by the Prime Minister when in other areas of the economy privilege and advantage are being propped up, as I have just revealed in the profit figures which are available from the daily newspapers. [More…]
We might remember what happened to the Vernon report on the economy in the early 1960s. [More…]
It is a free economy. [More…]
But very few of them have these facilities today due to the dramatic downturn in the rural economy. [More…]
As a result of its mismanagement of the economy and its increasing incompetence and divisiveness, recorded unemployment has reached an all-time record of almost half a million persons. [More…]
Here is the world facing tremendous international problems, here is Australia in a part of the world that is being torn by wars in Vietnam, problems involving the overrunning of Kampuchea, problems as regards oil exploration and possible loss of oil supplies from Iran and problems in the Middle East, not to mention the trading initiatives of this Government, about which the Opposition has said nothing and an economy about which the Opposition can make no proposals at all, yet we are served up a speech by the Opposition that is nothing more than scuttle-butt rumour and hearsay. [More…]
The only thing he suggested which could be taken up was that we should have a blueprint for the economy to take us into the 1980s. [More…]
I do not think that people have yet fully realised the boost that the turnaround in the rural industries will provide to the domestic economy and the effect it will have on Australia’s gross domestic product, the industrialised cities and jobs. [More…]
There is no perfect economy and there never can be. [More…]
If we could have helped Vietnam to return to a viable economy after that dreadful war it would have been the proper thing to do. [More…]
I repeat that two-thirds of his speech were devoted to the great improvement that has been made in the strength of the economy. [More…]
Is this success from the point of view of getting the economy working and keeping down inflation? [More…]
Let us examine this socalled boost to the economy. [More…]
When Labor came to power in December 1972, it inherited a relatively sound economy. [More…]
It takes much longer to build a house than to pull it down and so it takes longer to build an economy than to damage one. [More…]
It is also more difficult and it is taking this Government longer to lift the Australian economy than it took the Labor Party to destroy it- or to seriously damage it, to be fair. [More…]
This proposal gives Australia an opportunity to make a significant start towards turning our over protected and highly uncompetitive car industry- which is at present such a heavy burden on the rest of the Australian economy- into an outward-looking efficient industry. [More…]
That could be a serious weakness in the Australian economy and it is certainly a situation that must be squarely faced. [More…]
We need to face the real possibility that as our economy moves ahead, as the Leader of the Opposition and most economic commentators are now saying that it will, organised labour will be so strong that it will cream off that growth in product to the persons who are presently employed and thereby reduce the real opportunity that is presented to reduce unemployment and put the unemployed into work. [More…]
Submissions to the Conciliation and Arbitration Commission tend to be based on the sort of popular Keynesian model in which the economy can be stimulated, demand increased and employment increased without increased costs. [More…]
The Australian economy has been through a period of very serious inflation. [More…]
For very good reason, the people who make the decisions in the Australian economy are frightened of inflation. [More…]
If we attempt to stimulate the Australian economy by increasing the money supply, an increase in inflation will occur. [More…]
Yesterday an honourable member cited Germany as an example and suggested that it was possible to stimulate the Australian economy because Germany had stimulated its economy. [More…]
So the Prime Minister’s policy will damage the economy through a contraction in the gross domestic product, employment and aggregate exports. [More…]
The honourable member for Moore (Mr Hyde) drew attention to the fact that in 1972 the Labor Government took over from us an economy that was sound. [More…]
After three years Labor left office with a huge national deficit and with confidence in the economy run down. [More…]
I could go on to quote many more examples which indicate clearly that the economy of Australia is on the improve and that, in turn, undoubtedly unemployment will be reduced. [More…]
Activity has picked up in this field also and the effects of that must flow on to benefit the economy of Australia. [More…]
It will help the economy of this nation in the long run. [More…]
This company would not be investing this money if it did not think the economy of this nation was sound. [More…]
It would not have invested such an amount perhaps two years ago but it can now see that the economy is on the improve and can see that it is making a sound investment. [More…]
The company would not be making such a great investment in the area if it felt something was wrong with our economy. [More…]
The delegation also visited Japan- a very affluent country with a good economy. [More…]
The increased business with Japan will help the Australian economy. [More…]
One of the things that has characterised the Hayden Australian Labor Party is its persistence in trying to talk down the economy, in casting gloom across the nation and in trying to display the Government as incompetent, impassionate and inhuman in its approach to the management of the affairs of the Australian people. [More…]
This afternoon I want to dispel completely any such ridiculous accusations and to discredit the Labor Party for trying to talk down the economy and the confidence of this nation when there is every justification for doing just the opposite. [More…]
We can justify our actions in the welfare area even though we have had to try to constrain public expenditure where possible, and we have been able to strike a healthy balance between meeting the needs of the people and, at the same time, trying to stabilise the economy after the chaotic period when Labor was in office from 1972 to 1975. [More…]
Allowing for inflation, farm income is set to rise by 66 per cent this year and Australians have come to appreciate once again just how important the rural sector is in the overall economic growth and health of the economy. [More…]
That other foundation of our economy, mining, is also experiencing strong recovery. [More…]
Inflation is down; investment has picked up; company profits are improving; our rural and mining industries are leading a resurgence in exports; and in the economy generally there is strong evidence of growing consumer confidence. [More…]
To get back on to the expenditure hike that the Labor Party is proposing would boost inflation and undermine the very sound and healthy state of the Australian economy today. [More…]
It dealt mostly with the economy. [More…]
The economy is of vital importance to the people of this country. [More…]
It is important to examine the worsening state of the Australian economy under the Fraser Government. [More…]
It is necessary for me to say, because this Government does not reveal it, that the nature of Australia’s economic relations with the countries in our region largely determines the shape of the Australian economy. [More…]
The task of re-uniting the war based economy in the north with the shell of a neo-colony in the south is immense. [More…]
The Labor Government inherited a very strong economy, a very slight inflation rate and a very small number of unemployed. [More…]
We inherited an economic mess and an economy in disaster. [More…]
-I wish to address my remarks to that part of the speech delivered today by the Prime Minister (Mr Malcolm Fraser) which referred to the economy. [More…]
They have been telling us that economic recovery is about to get under way when, in fact, we have seen the economy sinking deeper and deeper into recession. [More…]
Restoring the economy is certain to be a protracted task. [More…]
With import parity prices skyrocketing, with a 14 per cent increase guaranteed for this year and further increases almost certain because of what has happened in Iran, higher prices will feed into the Australian economy and be a mighty inflationary factor in the current calendar year. [More…]
The policy stance of this Government has been one which has been characterised by the term ‘inflation first’; that is, we have to get inflation down first, grind the economy down with recessionary tactics, in the belief that that will bring about some spontaneous economic recovery. [More…]
There the governments had to act to stimulate the economy by increasing public expenditure. [More…]
They are not likely to give economic recovery while the Government refuses to stimulate the economy. [More…]
Policies which are designed to stimulate the economy but which are not inflationary are available to the Government. [More…]
The policies we have advocated involve stimulating the economy through increased government expenditure to some degree and reductions in taxation. [More…]
I would have thought that at least the honourable member for Gellibrand would have paid some heed to what his distinguished leader had to say about the Australian economy. [More…]
The honourable member for Gellibrand said that he turned to the statement of the Prime Minister (Mr Malcolm Fraser) to talk about the economy. [More…]
I would have thought, speaking for myself, that the last thing in the world the Labor Party would have spoken about was the economy. [More…]
I say to the honourable gentleman that that is not real life and that, if the policies of the Labor Party had been pursued, the country’s economy would have been ruined and the prospects for sound defence planning would have been ruined with that ruination. [More…]
Honourable members opposite were content to talk down the economy and to create fears in the minds of the Australian people, and in particular in the minds of the Australian employers and employees. [More…]
The Prime Minister has set out the Government’s positions on foreign affairs, the Government’s assertions on defence and the economy and, as has been the case on almost every major occasion when the Prime Minister has spoken on these matters, he has told the nation that recovery is just around the corner. [More…]
It is depressing to come into this House and to listen to a continual barrage of complaints from the Opposition about the state of the economy, the unemployment level and about everything members opposite perceive to be wrong with this nation. [More…]
It is extraordinary that no mention is made of the word ‘employment ‘ when the Opposition takes its allegedly fair, objective and reasonable view of what is happening in this economy. [More…]
If this is not an indication of an improvement in the economy, I do not know what is. [More…]
There has been a lot of talk today about the economy. [More…]
The attention which should be undistractedly directed towards the economy of this country has not been directed in that way and the community is paying a very high price. [More…]
It related very much more to the importance of the management of the economy of this nation. [More…]
Twelve days later again he said that the economy was in its worse state since the Great Depression. [More…]
Only yesterday the Australia and New Zealand Banking Group Ltd reported that its latest business indicator showed that the Australian economy is facing the best prospects for expansion in five years. [More…]
Simple potentialities that could arise are threats to our offshore fields, such as those on the North West Shelf; the blockade of our shipping lines to Japan or China which would throw the Australian economy into serious disarray; and other regional instabilities that could arise at any time. [More…]
What has happened is that the inevitable pressures and the need to get the Australian economy sound have resulted in a deterioration of the situation. [More…]
Those people were the key people in the key jobs in the north and that was the basis of the disruption of the economy of the north. [More…]
New machines, new technology introduced because it cuts production costs can indeed reduce the total demand for labour, that is, the total number of jobs available in all sectors of the economy taken together at any given price of labour- in other words, at any given wage rate. [More…]
As honourable members would know, the economy of the Australian Capital Territory is feeling very much the brunt of the Government’s economic policy in relation to constraint on public expenditure. [More…]
This, of course, has meant that the primary employment sector of our economy has remained stagnant and that the other two major employment sectors of our economy- the building industry and the service industries- have fallen. [More…]
In a depressed economy those interest rates are acting as a positive disincentive towards investment. [More…]
One of the largest investment funds in Australia takes a very large amount of money out of the Capital Territory’s economy. [More…]
Will such a further decline have repercussions across the rest of the economy? [More…]
One of the values of this mixed economy society of ours is that industry should respond readily as people’s tastes change. [More…]
We are getting a major expansion in the engine building field, we are going to get economy of scale- a term that we all use- we are going to get some export industry and we are going to be tied into the world car. [More…]
Its potential power to destabilise the national economy of countries such as Australia, Chile or Thailand is considerable. [More…]
The international complementation plan put forward by the General Motors Corporation in Australia has been hastily agreed to by the Fraser Government without adequate information to assess its short-term and long-term impact on the vehicle and related industries and the Australian economy generally, without appropriate consultation with the trade unions and the businessmen in industry and without the extraction of any guarantees from that company for the future. [More…]
As the honourable member knows it has been the practice of this Government at the time of the last two or three Budgets to give an indication of the growth in the money supply which it thinks might be appropriate to activity in the economy over the period covered by the Budget. [More…]
Given the developments in the economy since the time of the Budget, I would regard a money supply outcome which might happen to be above the upper end of the 6 per cent to 8 per cent range as entirely appropriate in achieving those two objectives. [More…]
Failure to act on this problem will now place one of the country’s most priceless natural assets at an intolerable risk, jeopardise the economy of South Australia and of the River Murray basin and face future governments with an enormous bill to pay for a problem that is worsening every day. [More…]
I wish to deal further with a matter that I raised by way of a question to the Treasurer (Mr Howard) during Question Time today, namely, the visit to Australia from 13 to 16 March of a mission from the secretariat of the Organisation for Economic Co-operation and Development whose responsibility it is to discuss the state of the nation and the economy with the Treasury, other departments and also the Reserve Bank of Australia. [More…]
Canberra- Forecasts of worsening unemployment were watered-down in a report on the Australian economy by the Organisation for Economic Co-operation and Development last April. [More…]
Following my speech, I had a discussion with Mr Van Lennep, the Director-General of the OECD, and also important members of his staff who acknowledged to me that it was the custom and practice of these missions, when they came to a country to examine the economy of that country, to prepare a report. [More…]
Last week I also made it clear that the Government believes that the only way to correct the severe disruption of the Australian economy which occurred as a result of the events of 1973-74 is by way of a prudent non-inflationary managed recovery. [More…]
But for the benefit of investors, business and the work force it must be consistent and re- , liable in the pursuit of effective management of the economy. [More…]
Undoubtedly the Fraser Government has reassured the business community on that and the condition of industry and the economy have improved markedly as a result. [More…]
Since the last months of last year we have received the results of surveys and economic statistics which continuously show an improving economy and also an improving employment situation. [More…]
There is clear evidence that our policies, pursued since we won office in 1975, are bearing fruit not only in the economy generally but in the important area in which I must work- that is, in employment. [More…]
In the context of an economy beginning to pick up, a deficit of the order initially projected would have been a prescription for accelerating inflation. [More…]
The Leader of the Opposition knows, as we know, that healthy profits mean a healthy economy. [More…]
The economy is improving! [More…]
The Tribunal will retain its power to require any company to furnish information about its prices should this be necessary and will, therefore, be well placed to examine price movements and to maintain close surveillance over prices of particular significance to the economy. [More…]
Apart from its price surveillance role, the PJT will carry out a valuable function of advising the Government on the structure of prices in key areas of the economy. [More…]
Let us stamp out the tax evaders, but let us not blithely use a sledge hammer to crush a peanut and in the process bring into jeopardy many people who properly and decently have acted within the law and who are now to be placed in a situation of doubt which could inhibit development and which could inhibit the entire private enterprise sector of the economy. [More…]
I invite honourable members who complain about the insufficiency of welfare commitments compared with commitments to other government initiatives to look at the fact that if we do not have a healthy economy, if we do not have incentives for taxpayers to get out and earn money productively, we will have no support for the standard of living which we currently enjoycertainly we will have no income from which to make welfare payments to enable recipients of welfare benefits to continue to enjoy that standard of living. [More…]
Any analysis of the economy of the Australian Capital Terrritory leads to the conclusion that it is far from doing well. [More…]
We already have a strong tourist industry in Canberra, but few people realise that if we could get each of the tourists who come to Canberra to stay one extra day it could mean as much as $60m a year to Canberra ‘s economy. [More…]
We on this side of the House do not cavil with that because we believe that a prosperous agricultural industry is vital to the backbone of the Australian economy. [More…]
Given development such as this and a favourable outlook for 1979, the poultry industry appears to be consolidating its position in the economy, and we are very pleased about that. [More…]
Of course, when we see the encouraging signs in the economy that are now emerging, it is a matter of concern that in the years ahead we will not have the number of tradesmen that industry requires in order to take advantage of that recovery. [More…]
It will assist the Government to ensure that future policy decisions will contribute to the maximum possible extent to achieving the Government’s overall economic and industry policy objectives, to improving the competitive position of Australian industry and to assisting the transfer of resources to those competitive, export-oriented industries which in the years ahead must provide the basis for a successful industry policy and enable manufacturing to play a much stronger role in the economy as a whole. [More…]
It explicitly requires a much greater level of government activity within the economy than this Government has ever been prepared to concede. [More…]
It points out that a precondition for any action following this report designed to strengthen the performance of the Australian economy is economic recovery. [More…]
It ignores the enormous social and economic consequences of massive unemployment and reductions in the level of activity in the economy. [More…]
It strips bare much of the Government’s dishonest rhetoric about the state of the economy and what we can expect for the future. [More…]
What is clear is that the Australian economy has suffered significant deterioration in its strength and performance in recent years, and that Government policies very largely are responsible for this. [More…]
What is equally clear is that the performance of the economy in the future will be much weaker than we have been used to; more than that, the economy will be too weak to be able to provide the strength and growth necessary to allow the forms of structural change to take place which Sir John Crawford and his colleagues believe are absolutely necessary if we are going to get back to a situation of full employment, according to our historical concepts of full employment. [More…]
It is possible to conquer the problems of inflation and bring about a strengthening of the economy at the same time as reducing unemployment. [More…]
They are not being achieved, and unless there is a fundamental change in government thinking about its role in relation to stimulating and guiding the economy there will not be the sort of economic growth that we will need now and in the future to sustain the sort of change that is already upon us and to guarantee security of employment for people already in the work force. [More…]
This is another way of pointing out that the economy that is consciously subjected to contracting levels of economic activity as a direct consequence of government policy cannot offer the opportunity for individuals and for businesses to change, to restructure themselves and to prepare themselves for the problems that already are moving through the economy. [More…]
Yet the economy’s capacity to cope with the pressures is not as great as it has been in the past. [More…]
We cannot get ourselves into that condition until there is a substantial change in the fundamental economic thinking of the Government in relation to matters immediately affecting the economy. [More…]
Worse, and the Department of Employment and Youth Affairs was quoted in this respect last night on the national news, the evidence is that we are going to see marked deterioration in the level of activity in the economy, measured by things such as worsening unemployment. [More…]
Therefore, it seems likely that one of the main challenges in managing the economy to produce reasonably full employment in future years will involve some redistribution of income from the sectors strongly contributing to the nation’s wealth to those which more readily employ people. [More…]
Treasury Economic Paper Number 3 entitled ‘Flexibility, economic change and growth’ is nothing more than a paeon of praise for the market forces of the economy: Keep government out of it and ignore the sorts of structural engineering that the Crawford Committee is recommending to the Australian people. [More…]
Unless we have a government that is prepared to lay down blueprints such as those to involve itself actively and directly in support of economic recovery and in building the strength of this economy to face the future, I am afraid that all the hard work of the people on the Crawford Committee will go for naught, as was the case with the Vernon Committee. [More…]
Costs go up and it becomes increasingly difficult for the export sector of the economy to first of all obtain, resources. [More…]
Those resources should be obtained at costs which allow that sector of the economy to compete effectively. [More…]
Let me refer to the 1977-78 annual report of the Industries Assistance Commission to show how a sort of snapping- much as one may snap at irritating flies on a summer day- at policies is not the way to handle sustained economic development or to strengthen in the medium to long term the performance of the national economy. [More…]
So while it is clear that the downturn in the economy explains a not unimportant part of the reduction in the work force in Australian industry, it can also be seen that increasing levels of protection in fact, have been associated with a much more rapid downturn in numbers in the work force in Australian industry. [More…]
In short, we are unapologetically interventionist in the sense that we want to support the private sector to help strengthen this economy and to increase our prospects to handle the challenges not only ahead of us but already upon us. [More…]
We are all happy to see the introduction of cheaper air fares for Australians travelling abroad, for Australian people visiting their relatives abroad- hopefully they will bring more people into Australia to stimulate our economy-but what about the people living in Australia who want to travel within Australia? [More…]
Business travellers, who normally travel at the economy rate, have had to buy first class tickets in order to obtain a seat. [More…]
We hope that the Australian economy will benefit as a result of the increased number of people coming to Australia. [More…]
We recognise that we have to spend more money and I have no doubt that once we get the economy back on its feet, as we are trying to do and in fact are starting to achieve, we will be spending more money in this area. [More…]
Any succeeding government had to adopt a belt tightening exercise in order to strengthen the economy. [More…]
I think that we need to recognise that when the Government came to office three years ago it had the unenviable task of sorting out an economy that had been made bankrupt by the previous Government. [More…]
Commendably the Government has made great progress in sorting out the economic mess that was made of our economy by our predecessors. [More…]
Labor would have kept the promises to keep the economy moving. [More…]
It explicitly requires a much greater level of government activity within the economy than this Government has ever ben prepared to concede. [More…]
There are basic environmental concerns as well as concerns related to the orderly development of the Northern Territory economy and infrastructure dictating the wisdom of sequential development. [More…]
As I say, I think we have a duty in this matter which transcends any other consideration of economy or anything else. [More…]
The objection to the United States antitrust law is in its extra-territorial application and, in particular, to the fact that the United States courts look at the economic effects on their domestic economy of acts committed abroad, not to whether the acts in question were committed within the territorial limits of the United States. [More…]
The very size of its economy, the economies of scale, the opportunities for massive profit and for abuse and the complexity of the social system require anti-trust laws on a scale far greater than those necessary in Australia where we are still building towards economies of scale which provide efficiency, where we need to give business the opportunity to develop and where we need to ensure that the need for competition is promoted but business opportunity is not stifled by undue government regulation. [More…]
If uranium is exported- and I ask the House to note my speech on this previously when I referred to the importance of the safeguards before we export uranium- the whole basis of our economy could be brought asunder if this type of judgment were to be enforced against Australian producers. [More…]
I believe that migrants do not add to unemployment but with their demands for goods and services of all kinds they will, on the contrary, stimulate the economy and help reduce unemployment. [More…]
Whilst the Leader of the Opposition may be inconsistent in his deliberations upon the economy, he is at least consistent in regard to his role as a tax gatherer, because in the three years of the Labor Government’s administration taxes increased by about 100 per cent, and we now have a proposal for capital gains tax and a resource tax. [More…]
Is it further a fact that the strongest representations have been made to the Minister pointing out the diabolical effect on the economy of Hobart if Japanese fishing vessels cease using the facilities of the port of Hobart? [More…]
In view of the traumatic effect that wrongly based prejudice can have upon our economy and the hundreds of millions of dollars and thousands of jobs at stake, will the Prime Minister please give favourable consideration to paying a visit to accessible Stradbroke Island, in the company of Federal Cabinet, so that decisions on this subject and related matters can be made with shared first-hand knowledge or at the very least arrange for a number of Cabinet Ministers to pay a visit? [More…]
Both in the lifestyles they provide and in the products they produce, rural industries are worth while and make a tremendous contribution to this country’s economy. [More…]
What the Government has done is to shift a fair degree of responsibility for various programs out of the Budget into other sectors of the economy, although still in the official public sector. [More…]
It is imperative that the Federal and State governments adopt a national energy conservation policy with a balance between environmental and fuel economy requirements. [More…]
The honourable member also claimed, by way of a rather extravagant use of fuel economy test figures, that emission control standards have caused an 8 per cent to 10 per cent increase in fuel consumption for some motor vehicles. [More…]
Fuel economy decreases at the beginning and then improves, as manufacturers respond to the introduction of improved emission control standards. [More…]
It covered only 60 per cent of vehicles that were operative and did not take into account the running in condition of motor vehicles, which makes a substantial difference to the fuel economy achieved. [More…]
If we are to deal with a fuel economy problem and the conservation of liquid energy, there needs to be a range of co-ordinated measures to improve fuel economy; there needs to be a specified program for the introduction and expansion of the use of liquified petroleum gas, and for the substitution and greater use of diesel fuel. [More…]
Again we come back to effective and efficient engine and vehicle design because that is the area in which the greatest improvement in fuel economy can be made. [More…]
It also noted that forestry and its dependent industries were and would continue to be of vital importance to Tasmania’s economy. [More…]
The Government has recognised the potential of the fine paper industry in Tasmania to contribute to the State’s and the nation’s economy in its recent decisions on the protective requirements of that industry. [More…]
That helped to destroy the Russian economy for a long time. [More…]
What is the purpose in giving economic aid if Vietnam is going to destroy one of the very important bases of its economy? [More…]
But it would be a mistake to think that simply because a country is modernising its economy, ipso facto its foreign policy alters. [More…]
I think it is not unreasonable to take into account another equation in dealing with the economic and political strategies that can be used by the OPEC countries on the world economy, particularly the West. [More…]
The withdrawal of Chinese aid and assistance was a heavy blow to their economy. [More…]
That is, Vietnam ‘s economy. [More…]
What he could have added is that not only did this achieve what was the object, in the view of some Americans, of keeping the fight away from their shores, but it also saved America’s economy from a pretty bad collapse after the Vietnam war. [More…]
The events in Iran have important implications for the international economy as well as for the internal stability of that country and of the Middle East. [More…]
With those figures behind us- I do not wish to exaggerate and the Government does not wish to exaggerate, but to express the situation realistically- I think that the Government can properly tell the people that there are hopeful signs of an improving economy and an improving employment picture. [More…]
In a sense, the reports surprised me because only a very short while earlier the Leader of the Opposition had been indicating that there were some strengthening signs in the economy and he seemed to be more realistic about the matter. [More…]
It increased by 200,000 in one year, when, through quite foolish policies, Labor laid the groundwork for all the damage that has been done to this economy. [More…]
If the Leader of the Opposition wanted to say something constructive in relation to the economy, he could at least emphasise that matter. [More…]
I assure the House that the Government is very much concerned to ensure the availability of finance to the small business sector of the Australian economy. [More…]
In other words, the point is expected to come some time during this year, with continuing recovery in the economy, when employers will need to put on more employees. [More…]
First and foremost of course would be the confidence that the Gover.nent’s policy, of stabilising the economy and basically getting the rate of inflation under control, has given to people who are prepared to invest in the mining industry. [More…]
-The honourable member for Cunningham (Mr West) has aptly used the United Kingdom economy as an example of the tax scales that we ought to have in this country. [More…]
Even better, perhaps he should talk to some of the people who come to this country from the United Kingdom to try to get away from that desperate economy. [More…]
It is not just in the general area that this Government has dramatically assisted the private sectors and the economy of Australia. [More…]
To try to make the equation that the Arbitration Commission considers wages, therefore a Prices Justification Tribunal has to consider prices, is to forget the nature of the Australian economy with which we deal, to forget that there is no equation in that kind of argument. [More…]
It would be appropriate to do so in order to alleviate the difficulties of those who depend on inflationary indices to determine what is happening with respect to the Australian economy. [More…]
Above all we ought not to return to the previous days in which the Prices Justification Tribunal was used as a rapier to both lacerate, scarify and unnecessarily hurt the corporate sector of the economy. [More…]
Unfortunately we need profit and profitable organisations to provide employment opportunities and to greatly improve the present Australian economy. [More…]
The PJT, of course, will retain its powers to require any company to furnish information about its prices should this be necessary and will therefore be well placed to examine price movements and to maintain close surveillance over prices of particular significance to the economy. [More…]
Eyptian workers during this period suffered badly from the abuses of the State intervention of the economy, especially from the ‘bronze law’, an economic theory which maintained that wages can never go above the bare necessities for keeping workers alive. [More…]
After a period of brilliance’, Levy concludes, ‘Egyptian economy collapsed at the end of the third century B.C., as did her political stability. [More…]
The reason that half of Germany took off and its economy expanded rapidly while the other half did not was that the controls were abandoned. [More…]
Putting fiscal controls on a market economy is like squeezing a balloon. [More…]
There is a large non-market sector in the Australian economy. [More…]
I believe the Tribunal ought to be retained and that it ought to be given a brief to look at that part of the Australian economy where there is not a market, where there is not competition and where prices are not determined by market forces. [More…]
No one can seriously suggest that in today’s economy, today’s market structure- much of Australia’s market structure is one of oligopoly- prices are set by market forces. [More…]
In the case of developed market economy countries whose trading relations with Australia are governed by mutual GATT membership it has not generally been considered necessary to negotiate formal bilateral arrangements. [More…]
The Prime Minister indicated the likelihood of a movement down, given certain eventualities with the economy. [More…]
It does not matter whether this is because people have tampered with them, have taken them off in order to improve their fuel economy, whether they are ineffectively or incorrectly fitted in the first place or whether they have not been adequately maintained. [More…]
I do not intend to maintain before this House or before the Australian community anything other than an objective assessment of the state of the Australian economy at the present time. [More…]
We have seen how the less militant British Labour Party has wrecked Britain’s economy and has failed to moderate the irresponsible extremes of trade union responsibility. [More…]
The Australian economy is now beginning to emerge from the stagnation and recession of the past few years. [More…]
It is not that the Opposition does not regard the former matter as one of high priority but especially following the Study Group on Structural Adjustment, under the chairmanship of Mr J. G. Crawford, it is clear that there are enormous changes occurring in the economy. [More…]
Economic factors have been at work in the economy, bringing about a range of changes right throughout our socio-economic system and impinging as heavily on the educational system as anywhere else. [More…]
In that situation, we will face the problem at a time of economic recovery, should it arise in the near future, that we will not have enough skilled tradesmen to respond to the needs of the economy and the community. [More…]
Accordingly, economic recovery either will have to be retarded compared with the rate of growth that could take place or, if it is not retarded, then hothouse problems will arise with the economy going on the boil very quickly. [More…]
Several reports have made it very clear that the country requires manpower policies if we are to provide adequately the sorts of skilled people we will need to handle the economy successfully in the process of change to which we must adapt if we are going to hold our international position competitively. [More…]
There is the Prime Minister’s statement on the state of the economy. [More…]
In line with our suggestion that the economy requires stimulus, we believe that it is absolutely essential that that stimulus be provided in the context of an incomes policy so that we do not ricochet into an inflationary situation. [More…]
No doubt the honourable member for Hume (Mr Lusher) in his next step towards raising the nation’s moral standards by rigorous economy would say: ‘Suicide is a very bad thing. [More…]
Regardless of the reasons for increases in labour costs outside national productivity and indexation, regardless of the source of the increases (award or overaward wage or other labour cost) and regardless of how the increases are achieved (arbitration, consent or duress), unless their impact in economic terms is ‘negligible’, we believe the Australian economy cannot afford indexation. [More…]
Labour cost increases, in addition to national wage adjustments, can only add to the growth in labour costs, fuel inflationary pressures in the economy and jeopardise the current signs of renewed growth in activity and employment that we have worked so hard to achieve. [More…]
It is essential that the whole community work together in an endeavour to restore fully the health of the Australian economy. [More…]
The Australian economy is composed of industries which have widely varying levels of output, performance and capacity for productivity growth. [More…]
The more instances of productivity bargaining that emerge, the greater the risk that expectations will build up and concessions will be extended to other groups regardless of the capacity of the economy to sustain those concessions, or the ability of the individual enterprises or unions to achieve or to offer the required productivity improvement. [More…]
The Government’s wages policy is based on the need to correct a number of imbalances which still exist in our economy. [More…]
This nation just cannot afford that sort of thing at this stage in the recovery of its economy- a recovery which is on the way but which at every turn is being attacked by the trade union movement, or sections of it. [More…]
If it is to be utilised for the benefit of the economy we certainly must withstand the pressure for it to be dragged down by the granting of concessions which will cost money, which will cost the community dearly and which will rob us of those benefits that could quite fairly flow, if given an opportunity to do so, to the benefit of the small man. [More…]
The arrangement is for special shift work to be performed and it ill becomes the likes of the Prime Minister and the Treasurer to come in here to urge condemnation and threaten financial retribution against the people of New South Wales when they are themselves making such a mess of the economy and hounding the worker on every occasion. [More…]
-The socalled ministerial statement which we are now debating typifies this Government’s approach to the economy. [More…]
The Government of New South Wales has not cooperated in the national interests so far as the economy is concerned. [More…]
The second point, which I have made clear on many occasions- and I think even in answer to a question asked previously by the honourable member- is that between now and 1 July the Government will consider the OPEC price, the basis for OPEC’s setting that price and the implications for the Australian economy. [More…]
This particular industry is vital to the economy of Tasmania. [More…]
It helps the economy of an island State and helps some of those less densely populated areas. [More…]
The report noted also that forestry and its dependent industries were, and would continue to be, of vital importance to Tasmania’s economy. [More…]
The Government has recognised the potential of the fine paper industry in Tasmania to contribute to the economy of that State and of the nation in its recent decisions on the protective requirements of that industry. [More…]
This report stressed, amongst other things, the importance of the forestry industry to the Tasmanian economy both in terms of profitability and in terms of employment opportunities. [More…]
would be a catastrophe to be borne by one small sector of the Australian economy, the 33,000 people of South Australia’s Riverland . [More…]
In the honourable member’s area, brandy is now being made because of the problems of lack of economy of scale for other firms in South Australia. [More…]
We have a situation in which there is some evidence of a pick-up in economic activity at a time when there is a much more substantial pick-up in the rate of inflation affecting the economy. [More…]
Business cannot function confidently if it faces a situation in which inflation is about to take off, interest rates are to go up and there is general uncertainty as to exactly what the Government is going to do to regain stability in the economy. [More…]
The reason that the Government has had to break its promises in this way is simply because its economy policies in general have failed. [More…]
They have failed, in particular, in respect of stimulating the economy. [More…]
The irony of the situation is that by increasing taxes in this way the Government has further recessed the economy and therefore locked itself into a downward spiral which involves a continual resort to higher taxation, continual blow outs of Budget deficits and higher levels of unemployment. [More…]
The greatest contribution and the greatest gift of the present Government to the average Australian has been the extent to which it has been able to keep the fundamentals of this economy on the correct path. [More…]
This Government has, in a very large measure, restored the fundamental strength of the economy. [More…]
We have not restored the economy completely. [More…]
He said in this House that the Government’s policies were forcing the economy through the floor, that we were in the process of a deep, long recession and that only a radical change of policy would bring us out of it. [More…]
He did not go into any kinds of vagaries when he announced to the Australian people that it would be possible for a Liberal-National Country Party government to achieve an immediate change of direction, to restore growth rates immediately and to get the economy moving again in a way that it had not been moving over the previous three years. [More…]
Unemployment is not simply a welfare matter that is irrelevant to the whole question of productivity and the question of getting the economy moving; it is integrally related to the problems of Budget deficits. [More…]
But it has everything to do with the way in which the Government has mismanaged and mishandled the Australian economy in the period in which it has been in office. [More…]
This too will contribute very little to productivity and to the growth of the Australian economy. [More…]
The reality of the situation is that the Government, after announcing and firmly committing itself to policies which would have reduced the overall effect of taxation on the average wage and salary earner and particularly on the lower income groups, has not been able to get the economy moving. [More…]
It has not been able to manage the economy effectively. [More…]
One of the themes that was emphasised by the Government and certainly by the Prime Minister when he was campaigning in 1975 and again in 1977 was that this Government, whatever else it might be able to do, would introduce some certitude to the economy in Australia. [More…]
So this Government, which claims so much in terms of introducing a degree of certainty into the Australian economy, is in fact running itself into a situation whereby there is more and more uncertainty and people cannot predict safely what will happen in the future. [More…]
We will put money into investment allowances and you will see the productive engines of this economy moving’. [More…]
When he became the Leader of the Opposition he was asked what he would do about the economy when he came to power. [More…]
We recognise that as our economy is geared more and more towards exploiting the wealth of our limited natural resources it is not unreasonable that a resource rent tax ought to be paid on some of the excessive profits. [More…]
In recent speeches the Leader of the Opposition (Mr Hayden) implied this by grudgingly admitting that the economy is moving ahead. [More…]
Of course there are problems with the money supply in an economy that has bottomed out; an economy where the degree of confidence has risen so markedly. [More…]
When has the Opposition ever stood up for the rural industry which is injecting massive funds through increased profits into the Australian economy at the present time? [More…]
He cannot expect that vagueness of that sort will give any hope or encouragement to small business, which is potentially one of the most innovative sectors of the economy. [More…]
The Jackson Committee pointed out nearly four years ago that in contrast with our approach, Japan, a vastly bigger economy, adopted no more than 12 major research projects each of them highly relevant to national needs and capabilities. [More…]
We are studying how much commonality is possible in the interests of economy and a workload for industry. [More…]
Despite the stringent economy of words the report is never fewer than 20 pages. [More…]
This was underlined in a paper entitled Salient features of recent development experience and developing country participation in the world economy’ that had been prepared for the Symposium by the secretariat. [More…]
Fourthly, we should accept that we must to some extent accommodate Third World industrial development objectives by restructuring our economy to enable us to import some of the products of their development without causing increased unemployment in our own country. [More…]
This broader view of expenditure patterns, based on a two to three year perspective, needs to be given more consideration by Parliament rather than, as occurs at present, expenditure being viewed solely in terms of short-term economy strategy and in terms of the politics of individual expenditure votes. [More…]
The concept of program statements, as mentioned in the report, is absolutely essential to the review of economy and efficiency in public expenditure. [More…]
There is no government in our style of economy, in our style of democracy, that can completely eradicate industrial disputes. [More…]
Now, with the change in the structure of the economy, the development of technology and increasingly sophisticated communications and transport, we have a more interdependent economy and therefore a strike by a few key workers can affect many people throughout the community who are not directly involved in the dispute. [More…]
A few dozen key maintenance workers in the electricity generation industry can be pulled out and so disrupt the economy of a whole State or, indeed, the whole nation. [More…]
When not just the employer and the employees in a particular company or industry are affected but the whole economy is affected and many other members of the public are inconvenienced or disadvantaged in some way, I would suggest that there is a responsibility on a government to maintain the public interest. [More…]
I suggest that what the Minister did in his statement was to assert the public interest, to ensure that the Government’s views on the public interest are clearly stated, to ensure that the Government’s views on the way industrial relations ought to be conducted in this country are made known and that the activities of certain unions that take advantage of their strategic position in the economy to wield undue influence is properly brought to heel. [More…]
But if that is the way that we are to settle industrial problems in this country hence forth, Heaven help the country, Heaven help the economy and Heaven help everyone who has to rely upon some cohesive situation in terms of the operations of essential services, particularly transport, where all sorts of factors arise. [More…]
Just as Utah and the Japanese are entitled to make a decision regarding a new coal mine in Queensland, it is just as much the right of the unionists and the workers to make similar decisions as to the area of the economy in which they want to invest their money. [More…]
It is vitally important to the national economy that in conjunction with other modes, the railways effectively fill the role for which they are best suited. [More…]
My question is directed to the Minister for Industry and Commerce, who has pursued the recommendations of the House of Representatives Select Committee on Tourism by having a study undertaken of the significance of tourism to the Australian economy. [More…]
The answer to the third part of the question is that I have already indicated that I will not guarantee the level of interest rates in any area of the Australian economy. [More…]
Domestically, the Australian Meat and Livestock Corporation is currently involved in a marketing exercise demonstrating to the housewife the extent to which there is in this country a quality and price of meat that is certainly more than competitive in terms of the Australian economy when compared with that of any other country. [More…]
The electorate of Dawson is vitally affected by the Barrier Reef because ofthe contribution that tourism now offers to its economy. [More…]
What does the word ‘vicinity ‘ mean when we appreciate that the Reef stretches 100 miles from the shore and is not continuous and that other areas are the subject of exploration- I emphasise exploration, not exploitation- in the same way as the oil fields offshore from Great Britain have been explored and are now being exploited to the benefit of the British economy. [More…]
If it were not for the mining and the risks those States have been prepared to take to date, Australia’s economy would be in a much worse situation. [More…]
They do not perform the function for which they are best fitted and they do not operate in a matter which best meets the needs of the Australian economy. [More…]
It may well be argued that the overall economy and well-being of Australia might best be served if the establishment of an essential basic infrastructure were funded on a straight-out nonrepayable grant basis. [More…]
Norfolk’s economy has not been studied in detail previously. [More…]
Norfolk Island is absolutely dependent upon Australia, not for its finances or anything like that, but because the slightest change in Australian customs laws can destroy the Norfolk Island economy. [More…]
I recall attending Cabinet meetings at which customs matters were raised and taking care that nothing happened inadvertently to destroy that very fragile economy. [More…]
If we changed some of the rules about where our repatriation and other payments can be received, that could destroy the island’s economy. [More…]
Then, the question is about the economy, the trade. [More…]
In the light of the damage to the economy, particularly in the areas of inflation and unemployment, as a result of a decision of Commissioner Deverell who disobeyed the guidelines determined by the Full Bench in a work value case, will the Government take action to restore the 1972 amendment to ensure that Full Bench decisions establishing guidelines to be applied generally are applied in particular logs of claims by conciliation commissioners and that if conciliation fails the log will be referred to the Full Bench or a member of the Full Bench for the puposes of arbitration? [More…]
These funds and the funds of other statutory authorities can be used to some degree- as they have been in New South Wales, and would be used by a Labor administration- to buck up the economy of Victoria, to improve expenditure on capital works and to make Victoria a much more prosperous State. [More…]
The tourist industry has assumed particular significance in the Australian economy in recent years and this importance can be expected to increase. [More…]
The BIE has also estimated that a 5 per cent increase in foreign visitor expenditure would lead to the employment of 1,340 persons throughout the Australian economy. [More…]
A further initiative has been the introduction of stand-by fares, which provide for a 30 per cent discount on the normal economy fare. [More…]
The figures that I got today show that the cost of a first class fare to Tokyo is $1,988 and that the cost of an economy seat is $ 1 ,400. [More…]
However, all governmentsState, Territory and Commonwealth- must also, in the national interest, have regard to the effects of proposed measures, not only on health and the environment but also on impacts on the consumer, industry, resources and the economy. [More…]
The Commonwealth considers that, given sufficient lead time, manufacturers will be able to increase their efforts to produce vehicles with both improved emission performance and better fuel economy. [More…]
The point to be made is that the ADR27A vehicles when run in show little difference in fuel economy from earlier manufactured motor vehicles. [More…]
These are the Authority’s words, not my words, from its publication entitled Fuel Economy and the Car. [More…]
The transmission fitted to a motor vehicle affects its fuel economy. [More…]
There can be a 20 to 30 per cent loss in fuel economy with vehicles fitted with automatic transmission. [More…]
The improved design of motor vehicle engines would also result in improved fuel economy as shown by the stratified-charged engine which would provide savings in the range of 1–2S per cent [More…]
The important thing is to recognise- and it is not really in dispute- that there will always be some sort of dependence on the economy of the mainland. [More…]
I hope, and the Government hopes, that this Bill will provide a framework within which the people of Norfolk Island, including those residents who are of Pitcairn descent, can stand on their own feet, with their own economy and run their own affairs. [More…]
The reality is that the Australian Government and this Parliament want to help Norfolk Island get on its feet so that it can conduct its own affairs and manage its own economy. [More…]
Normal first and economy fares ex Japan were reduced by 4 per cent. [More…]
In view of (a) the importance to the Australian economy of the insurance industry, (b) the regrettable need to strengthen the existing solvency provisions of the Insurance Act and (c) his intimation of forthcoming amendments to the Act to protect policyholders, will he give urgent consideration to ensuring that the proposed legislation will include provision for (i) indemnity or other assistance to policyholders similar to that contained in the provisions of the Policyholders Protection Act 1975 of the United Kingdom which provides for payment of 90 per cent of the amount of any liability of a company in liquidation towards UK policyholders, (ii) the imposition of levies on the insurance industry for the purpose of financing this protection, (iii) the establishment under his guidance, subject to the affirmative resolution of the Parliament, of a Policyholders Protection Board, whose functions would include (A) taking measures for indemnifying or otherwise assisting policyholders and others who have been or may be prejudiced by the inability of insurance companies carrying on business in Australia to meet their liabilities and (b) financing expenditure on the performance of their functions by the imposition of levies on these insurance companies and (iv) the regulation of intermediaries, ie, insurance brokers and insurance agents. [More…]
The economy is in very poor shape. [More…]
Indeed, it is clear from these Bills that the Government’s approach to the economy and to the Australian society is totally unchanged. [More…]
I wish to devote most of my time in this debate to the economy. [More…]
Doubtless, honourable members opposite will think that the amendment I have just moved is rather unfair in that it is very critical of the Government’s handling of the economy. [More…]
Certainly not the least of the honourable members opposite who would think that there is something to boast about in respect of the economy is the Prime Minister (Mr Malcolm Fraser), who has been loudly proclaiming that economic recovery is with us and that it is all due to his policies. [More…]
Insofar as there has been a recovery that recovery shows the correctness of the Opposition’s approach which is that if there is a stimulus to the economy by way of increased demand we can start to get an increase in production and we can start to get an increase in employment opportunities. [More…]
Increases in the gross farm product mean increases in the gross nonfarm product as that income is spent and increased demand permeates the whole Australian economy. [More…]
The economy is still very recessed. [More…]
The index of economic activity up to February 1979 of the Australia and New Zealand Banking Group Ltd still shows that the economy is way below its trend level and is very much in recession. [More…]
Clearly the economy is still in a state of acute recession. [More…]
This Government’s crude oil policy of matching Australian crude oil production prices to those on world markets will feed the continuing increase of world crude oil prices into the Australian economy. [More…]
That does not help to create certainty in the economy. [More…]
-I am again puzzled by the attitude of the Opposition on matters concerned with the economy. [More…]
But in a capital-hungry economy, when transfers are made from savers to spenders on a vast scale, they will destroy the raw stuff of investment and capital formation. [More…]
I deplore the fact that these Appropriation Bills do so little to use the resources of government to examine and analyse the deepseated structural factors which are shaping our economy. [More…]
I believe that we are at a turning point in world economic history and that the actions we take now can determine whether the potential for increased wealth and increased output in this economy will narrow the gap between rich and poor or widen it. [More…]
The Industrial Revolution was an enormous force which transformed the economy of Europe and North America- and Australia too- over a long period. [More…]
As to whether this should or should not be the case will no doubt be argued when others participate in the debate, but so far as numbers are concerned there is no question that more people work in the information sector of the economy than in manufacturing and construction. [More…]
The inability of the capitalist economy to provide jobs for all who want them goes largely unrecognised. [More…]
The Australian economy on current indications at last appears to have passed the trough of the recession and to be entering a period of increasing activity and rising business and consumer confidence. [More…]
The only way to solve the present problems of the Australian economy is to remove the fundamental imbalances in the economy. [More…]
In answer to some of the comments made previously by the honourable member for Lalor (Mr Barry Jones), I say that it is fallacious in my view to talk about job sharing schemes, early retirement schemes, shorter working weeks and to adopt a Luddite view towards technology as a means of increasing employment because this presupposes that there is a fixed amount of work to be done in any economy; that the relationship between scarcity of goods and total wants is, in aggregate, easily satisfied; and if anything happens to enable that work and those wants to be met by fewer people or to increase the labour force, then the result is inevitably more unemployment. [More…]
It will determine the future of the economy and the future of the unemployed. [More…]
Money supply is an important indicator as to the state of the economy and the direction it is taking. [More…]
Put in its crudest and most simplified, perhaps even misleading, sense nonetheless to give an indication of what we are talking about- if the volume of money increases much more rapidly than the volume of productivity in the economy, there is highly likely to be an outbreak of inflation. [More…]
There is no doubt that economic growth is evident within the economy- I would say that there is roughly five per cent economic growth- and it is associated with a fresh and disturbingly large outbreak of inflation. [More…]
That is the sort of shambles that the Australian economy has got into under the Fraser Government’s economic administration. [More…]
The Leader of the Opposition, in criticising the Fraser-Anthony Government, failed to get down to the grass roots situation of the Australian economy. [More…]
-In speaking to these Appropriation Bills I intend to discuss how the Australian economy came to its present position in the hope that that may give the Parliament some guidance on how we should proceed from here. [More…]
During those years we managed our economy in macro terms very well. [More…]
However, over those years we did not manage the economy in the micro sense nearly as well. [More…]
Therefore, the damage that it does to the Australian economy by protection is somewhat greater than it would have been at the time we took office. [More…]
We face a real risk that as the economy continues to grow, all the economic gains will be creamed off to those who are in jobs and leave nothing to create more jobs. [More…]
The economy is now growing. [More…]
For some years we have said that we will do something about those tariffs as soon as the economy is moving. [More…]
The economy is now moving and now is the time to tackle the tariff problem. [More…]
I think that the previous speaker has indicated the growing concern that is being experienced on the government side of the House with respect to the ability of this Government to manage the economy. [More…]
There was no question that it would be not three years or four years before the economy would be back on the right track, but a matter of months. [More…]
They thought that unemployment would be reduced, inflation would be restrained, public sector expenditure would be reined in and all the problems that the Australian economy faced would be resolved. [More…]
Labor faced in 1973-74 were not simply problems of a domestic economy but were problems of the whole capitalist world. [More…]
Just as hard times on the farm are reflected in economic problems for Australia, so too are good times reflected by improved economic circumstances such as those that are apparent in our economy today. [More…]
I indicate to the honourable member and to the House that there are a number of issues of importance which need a continuing effort and which the Government believes must be made in the interests of our economy. [More…]
I do not propose to guarantee interest rates in any area of the Australian economy. [More…]
The life assurance companies, superannuation and pension funds are of growing influence and importance in the economy. [More…]
The persistence of a depressed world economy in 1977-78 set the pattern for the textile situation in which the IWS had to operate. [More…]
The scheme does contribute to the wool industry, and through the industry to the sound economy of Australia. [More…]
That statement does not apply to the same extent today, but wool still does play a very important part in the national economy. [More…]
They feel that that caused them to make far more accurate predictions about the problems in employment and the management of the economy than came from some of their counterparts in Canberra. [More…]
A person knowing nothing of the subject might think the United States had agreed to buy Australian natural gas and that that sale was critical to the international economy. [More…]
The impact of $4,000m on the Australian economy was ignored. [More…]
If we want to improve our balance of payments situation, to develop the Australian economy and to build up our export industries, which is what we should be doing, surely any foreign borrowing program should utilise those funds for the development of Australian export industries. [More…]
It is equally true that in 1965- one could hardly say that that was a bad year for the Australian economy- it stood at 8.7 per cent. [More…]
One could hardly say that 1968 and 1969 were bad years for the Australian economy- that our triple A credit rating was at risk as alleged. [More…]
They were very good years for the Australian economy. [More…]
What we have done over the past two years has been in response to a situation which we trust will not continue indefinitely; a situation which gradually is being rectified; a situation which, in the long run, can be rectified permanently only by achieving much lower rates of inflation and even greater levels of international confidence about the strength of the Australian economy. [More…]
At the same time, we are asked to make some positive suggestions about what ought to happen to the economy- what alternative propositions we might put to correct the appalling mess and to rescue Australia from the economic disaster in which this Government has placed the country. [More…]
Time and time again, the honourable member for Gellibrand and the Leader of the Opposition (Mr Hayden) have set out our alternative strategies for fixing up the economy. [More…]
Yet, without consulting them the Government has saddled them with this extra burden to cover up its mismanagement of the Australian economy. [More…]
Again I would like to remind this House that the pensioners in this community have been told that because of problems in the economy and the economic sacrifice that we all must make, they are not entitled to have their pensions indexed. [More…]
Two and a half years ago the Government recognised the contribution that could be made by tourism to the Australian economy. [More…]
Tourism has an awful lot to offer our economy. [More…]
That has tremendous implications for the nature of the economy in Australia. [More…]
With just 1 ,000 German tourists passing through Australia each week one can imagine the contribution that they could make to the economy. [More…]
I have no doubt that as our economy improves so will prospects improve for the infusion of more capital and the provision of more assistance and incentives of the sort which have been proposed which would further advance tourism. [More…]
This reflects the increasing activity which has taken place throughout the Australian economy due to the policies that have been pursued by this Government. [More…]
The most effective way of introducing substitute fuels into the energy economy is by conversion to electricity, which will increase sixfold. [More…]
The fourth point was that the Northern Territory economy as a whole would benefit from the royalties far more than they would from all other resource development combined. [More…]
Mr Turnbull argued the very reverse; that the cash flow channelled through Aboriginal communities for community purposes would be the major boost to the Northern Territory economy. [More…]
There is no sign that the Government is assisting the recommended integration and institutional structuring of the Aboriginal political economy. [More…]
He shows how Aborigines and their culture are destroyed by white economy, white industries and white social customs introduced on a cold cash and contact basis. [More…]
The Northern Territory government, having blackmailed the Federal Government into getting a 1 Va per cent royalty on uranium, ought to do its share, as its economy receives a boost from Aborigines’ mineral royalties which it hopes, as Mr Shann Turnbull has predicted, will make it the richest, lowest taxed region in Australia. [More…]
If Australia had an army of 600,000 or 900,000 the Australian economy would be bankrupt. [More…]
An army of that size would wreck the economy of most countries on this earth. [More…]
A consideration of the Board ‘s financing requirements resulted in the need to provide the Board with the capacity to obtain funds from a number of sources and in a variety of ways that is in the interests of both the wheat industry and the national economy generally. [More…]
Money advanced by the Rural Credits Department of the Reserve Bank directly contributes to the money supply in the Australian economy. [More…]
I am indebted to the honourable gentleman for calling attention to the state of the House because it gives others a chance to hear these words about the contribution of the wheat industry to the state of the Australian economy. [More…]
Firstly, a controlled stimulus to the economy to increase consumer demand for the products of industry is vital. [More…]
I know that at the present time the Government is making great attempts to talk up the economy. [More…]
I am very reluctant to say anything which would kill confidence because we all want to see not only our economy but also the world economy getting going. [More…]
One of those facts is that basically the Australian economy will get going as a result of Australian policy only if stimulus is applied to domestic demand in this country- if people in the market place get going and have the confidence to buy. [More…]
On the other hand, we in the La bor Opposition are optimistic that the right package of policies could strengthen our industries and could get our economy back on the road to full employment. [More…]
Indeed, they embody some pretty hard decisions by the Government and, all in all, represent sound and good administration, sound decisions on quite complex matters which do not, of course, attract much publicity but are the stuff and substance of good government, fostering a sound economy and the enhancement of employment opportunities for all Australians. [More…]
In dealing with the impact on the Northern Territory economy he quoted from paragraph 132 of Mr Shann Turnbull ‘s report, which states: [More…]
The use and ownership reversion in the conditions of granting mining leases would provide the basis to make the Northern Territory economy self-sufficient so that no State taxes were required and the Territory would become the leading business and retirement haven. [More…]
He went on to say that the uranium royalties received by Aboriginals will make a far greater impact on the Northern Territory economy than all other income expected to be received by Northern Territory residents on the present methods of managing resource development. [More…]
The economy is just one obvious example. [More…]
I hope that, as the economy can afford it and as people are relatively better off through good management, we will have smaller and smaller government. [More…]
Superficially, as I have said, the Bill demonstrates a worthwhile concern with the achievement of economy and efficiency in government administration. [More…]
Voluntary early retirement is the sweetener while the threat of wholesale redundancies or, to use plain English, mass sackings, is introduced under the guise of management initiated retirement and greater efficiency and economy in the Public Service. [More…]
The Labor Party is committed to economy and efficiency in the Public Service. [More…]
The Coombs Commission produced a comprehensive list of recommendations concerning efficiency and economy in the service. [More…]
We know from our own experience, from earlier days when the Australian economy was very much dependent upon the profitability of two or three major primary commodities, how changes in the fortunes of those commodities could significantly affect Australia’s development and economic well-being. [More…]
The removal or reduction of such policies would significantly enhance the prospects for growth in the international economy and international trade. [More…]
We must bear in mind that we believe the problems we have in the economy today, both short term and medium to longer term, can no longer be left to market forces. [More…]
In a number of areas in the Service it has been necessary to curtail review activities directed towards the achievement of long term economy. [More…]
Such results, testified to by the highest bureaucratic authority, indicate that the policies that this Government pursues are policies of false economy. [More…]
The problem with this Bill is not that it is concerned with efficiency and economy but that, given this Government’s record, it will be used as an instrument for pursuing further false economies, for justifying staff cuts in areas such as social security, employment and health. [More…]
Therefore, in an economy where there was a lack of sufficient overall demand to employ people in the work force and to keep industry working at a high level of capacity, the theory ran that government should add to overall aggregate demand by running a Budget deficit. [More…]
) Is it a fact that first class air fares of the Australian domestic airlines are 25 per cent higher than economy class fares. [More…]
Is it also a fact that the margin of 23 per cent between Australian domestic economy class and first class fares is low by world standards. [More…]
Are economy class passengers on the Australian domestic airlines subsidising first class passengers to a greater degree than is the case abroad; if not, why not. [More…]
Can he state by what percentage Australian domestic economy class air fares could be reduced, without reducing airline revenues, if the margin of 25 per cent between economy class and first class fares were to be increased to a level comparable to the upper margins prevailing to (a) Canada, ( b ) the United States of America and (c) Europe. [More…]
However, there are indications that the US airlines are presently reviewing their fare differentials and proposals have been mooted to reduce the differential between first class and economy in a bid to attract more first class traffic. [More…]
The network of post offices and mail delivery services is reviewed continually to ensure that the facilities and services provided best meet the needs of customers, having regard to economy in operation. [More…]
1 ) Has his attention been drawn to the opinion expressed by the Livestock and Grain Producers ‘ Association in its submission to the inquiry into quarantine measures by the Senate Standing Committee on National Resources that there was no justification for over zealous economy drives and staff limitations when these were considered against the potential massive costs of a breakdown in quarantine security. [More…]
However my Department advises that it does not consider that over-zealous economy drives and staff limitations are being applied in the quarantine area. [More…]
However, in accordance with the Government’s philosophy in all areas of the economy, the Government now is appealing to a working class elite. [More…]
Nobody looks after them when the conditions of their employment, or the condition of the economy or of the industry that they are in requires them to be retrenched or to go out of business. [More…]
The outcome of the inflation first strategy was the adoption of macro-economic policies, budgetary and monetary policies, which had a contractionary impact on the economy: reductions in spending and increased taxes betraying promises and legitimate expectations, and excessively tight monetary policy preventing borrowing necessary for investment and essential accommodation. [More…]
The national economy is not a static box in which one portion will be enlarged by reducing the size of the other. [More…]
Simple-minded propositions are an inept way to manage the economy. [More…]
Superficially, the Australian economy might seem to have assumed an appearance of buoyancy. [More…]
Programs to improve conditions and incomes for the already well off have been steadily improved, all in the name of stimulating our economy. [More…]
One of the means of obtaining that incomes policy is cutting personal and indirect taxes as part of the bargain, part of the arrangement to achieve greater stimulus to the economy in order to create those extra jobs that are needed to reduce unemployment while at the same time doing so without ricocheting into an inflationary situation. [More…]
Once the economy recovers, the Budget deficit will fall, and it might even eventually be less than it is now. [More…]
Given the problems in our economy, the problems of finding employment for our young people and the problems of introducing new technology, that is a source of funding which Australian manufacturing industry at every level cannot afford to forgo. [More…]
What we must understand is that the world is rapidly approaching the greatest and most significant transition in its history and that in this modern technological age, which is based on an oil economy, it will have to move to some alternative forms of energy. [More…]
The difficulty today is that we must try to reconcile the difficulties which the Government has in making its oil last for as long as possible with our endeavours to meet some of the competing needs within the economy. [More…]
We have to take a hard look at the financial institutions which are the cornerstone of the present economy. [More…]
We have to see the changes taking place in their operations and the effects that their investment decisions will have on the future development of the Australian economy and society in the context of the global changes occurring at the hands of the international financiers. [More…]
The barrier will be let down to allow foreign capital to achieve even higher levels of control over the direction of the Australian economy. [More…]
The direction in which the Government is prepared to allow the economy to move, powered bythe restructuring of the financial institutions, is against the interests of the majority of people in Australia. [More…]
This last in a series of great land booms in Australia in the early 1970s ought to have been vigorously resisted by every government in Australia concerned about the health of our economy. [More…]
It is not primarily a function of the national economy. [More…]
This shift of direction of investment, necessary for Japan because of the very success of her economy, has begun to have serious effects for the United States, where there is a steady loss of jobs not so much because of innovative technology but because, of the alliance between American and Japanese capital and technical know-how, and cheap labour assisted by generous programs of support to encourage export oriented industries, very often designed to penetrate the American, European and Australian markets, where higher profits might be earned. [More…]
Despite the critical importance of this decision to thousands of workers directly and indirectly affected and despite its importance to the Australian economy, the decision to support the world car concept was made without any proper public analysis prior to the decision being made because Detroit said that a decision had to be made by a certain date, and that was it. [More…]
There was no opportunity there for the shareholders to be involved in a decision whereby another major bank with substantial foreign equity took over the Bank of Adelaide and destroyed an institution extremely important to the South Australian economy at a time when that economy is facing extreme difficulties. [More…]
We are going to have to deal with those sorts of questions and not simply talk about economic management, as if somehow there is a miraculous set of techniques, there are certain ways that we can get our hands on a few levers and in some way the economy can be put in shape. [More…]
The British pattern of taxation, with its distortions, its complex jungle of permissible avoidances allowances and reliefs, deadens individual effort and enterprise; it lures the best brains into taking congenial jobs in academic life or the civil service instead of making or selling things; it is complicated and costly to collect; it encourages a mushrooming alternative economy in which honest taxpayers are derided as fools, and the others either get away with it or emigrate. [More…]
The result is that once again productive people in the economy are taxed more to support an increasingly unproductive system. [More…]
Debates on Supply Bills give honourable members the opportunity to speak on the economy and to make some input to Budget considerations by the Government. [More…]
One can look at them as an economic measure that somehow sets out to right the wrongs and ills in the economy and to direct the economy in certain ways. [More…]
There is a lot that can be done economically within a Budget to influence an economy. [More…]
Of course, at the same time a Budget once a year does not necessarily determine exactly what the shape of the economy will be for the ensuing year because there are many measures that a government can introduce through a year. [More…]
These Bills this afternoon are an anti-climax, particularly as honourable members are within a couple of hours of witnessing the turmoil of yet another twist in Government tactics on the economy. [More…]
These people thought it was okay to lie in advertisements about the Labor Government, and that it was okay and a bit of fun to blame the Whitlam Government- more particularly Mr Whitlam himself- for world inflation and say that all the problems in the Australian economy stemmed from Mr Whitlam. [More…]
It is fair enough to say that we have to get the economy right; we have to fight inflation first. [More…]
This House must recognise that the problems of the economy are large and that no government has all the answers. [More…]
I think it is fair enough for any government to put the fight against inflation first and seriously and honestly to bring down Budgets that it hopes will do something about the economy and eventually in the long run enable the unemployed to get jobs. [More…]
Because so many of my constituents have children and want an Australia that is strong, safe and has a stable economy they will listen to arguments that say that the deficit ought to come down in the interests of Australia’s future. [More…]
The problem created for the economy by one deficit adds to the problems created by previous deficits. [More…]
We cannot divorce deficits from their effect on the whole economy. [More…]
If the Government does not offer a high enough interest rate for its paper, it will not be sold and the excess expenditure from the Budget will be left loose in the economy with inevitable inflationary effects. [More…]
I think that illustrates very clearly the distortion that occurs between the States in terms of the distribution of Commonwealth intervention in the economy of this country. [More…]
On the other hand, it is obvious that they have imposed the dead hand of small government on the Australian economy and, what is worse in human terms, on the Australian people. [More…]
They excuse themselves by saying that if the economy is to recover there has to be a large pool of unemployment. [More…]
We on this side of the House cannot accept that sort of rationalisation, that sort of restrictive policy on the nation’s economy. [More…]
Fraserism is based on policies which will bleed the economy of this country to death. [More…]
The economy is in a mess because of the foolishness of the Prime Minister (Mr Malcolm Fraser) always in pursuit of fresh fields of economic folly. [More…]
That, among other Government actions, has had significant inflationary effects on the economy. [More…]
These are the major ingredients of the worrying mess that the economy is now in. [More…]
We have amateurs in charge of the economy. [More…]
This will inject massive uncertainty and insecurity into the business sector of the community and households throughout Australia, undermining and eroding the functioning of the economy. [More…]
Many sources in the economy have been warning it. [More…]
Attempts to talk the economy into a desirable shape obviously do not work any more. [More…]
This huge crop means in both production and value terms that there is a great potential to reinforce our national economy with increased export earnings. [More…]
However, there is also the potential- this was recognised by the Government and the Australian wheat industry- to disrupt the national economy with the inflationary impact of surplus funds. [More…]
Under those circumstances and under circumstances of much higher than envisaged oil prices; under circumstances in which meat prices have risen a good deal more than might earlier have been envisaged; under circumstances in which there was an earlier wage case giving 100 per cent indexation- we thought that decision was disastrous for the Australian economy- and under circumstances in which the wheat harvest over the recently concluded season was double that of last year; there are obviously inflationary pressures within the Australian economy that have to be contained. [More…]
We hope very much that there will be a greater degree of reason and economy as a result of the inquiry that is foreshadowed. [More…]
I think people should be aware of the reponsibility they carry to try to assist this industry, which is earning so much revenue for Australia and which means so much to the economic well being of country areas and indeed to the whole economy of New South Wales. [More…]
It is the magnitude of the economic mess created in the years 1972 to 1975 by the Whitlam Labor Government that has made it necessary for this Government constantly to review the economy in its efforts to bring it properly back on the rails. [More…]
He said: ‘The economy is in the hands of amateurs’. [More…]
I think it is far preferable to face up to that charge than to see the economy in the hands of professional wreckers. [More…]
Condemns the Government for its gross deception of the Australian electorate and its complete disregard for the well-being of Australian taxpayers and the depressed state of the Australian economy, as evidenced by the economic measures announced last Thursday by the Treasurer in the House which will have the effect of: [More…]
Calls upon the Government to provide a stimulus to the recessed Australian economy through increased spending on capital works projects and cuts in indirect taxes and income taxes for the lower income groups, as recommended by the Labor Party in its Alternative Budget’. [More…]
This Government’s package would be very much more relevant to an economy in the midst of an economic boom rather than in the midst of a severe economic recession. [More…]
These measures have not worked in the past and will not work in the future because the Government is winding down the economy. [More…]
In the last financial year this has been offset to some extent by a very dramatic increase in farm incomes which has given a filip to demand and given the economy some semblance of regeneration. [More…]
In doing that it is going to be winding the economy down, cutting back on demand and increasing unemployment. [More…]
Australia does not need packages, like this one, which deflate the economy and give much less chance of full employment than we had before. [More…]
We need a stimulatory approach which will increase government expenditure to a moderate degree and some reduction in taxes to get the economy going. [More…]
That process in itself, of getting the economy moving, will reduce the deficit. [More…]
It is trotting out exactly the same old formulas for expanding Government spending merrily- the expansion was 46 per cent in 1974-75- with all the consequences that has for inflation and undermining the foundations and stability of the Australian economy. [More…]
I say to the Parliament and the Australian people that the central and overriding election promise and commitment of this Government is to restore the Australian economy- to beat inflation and to get the economy on the path of economic growth with stability. [More…]
I have no doubt that the majority of Australian people recognise the central fact of life that, in the final analysis, all our national social and economic objectives are dependent on the achievement of a sound economy. [More…]
Australia’s social and economic objectives- rising living standards and adequate provision of proper welfare services for the disadvantaged and the poor- together with the acceptance of our responsibilities on the world scene, in terms of aid to developing countries and fair trade in their products, and in respect of defence- we have to pull our weight in these matters and not just look to our friends for help- require a sound economy with inflation under control. [More…]
I stress to the Parliament and the people that that overriding objective, the restoration of the economy- which this Government has largely done- the consolidation of the gains made, and thus keeping the recovery on track, is what last Thursday’s mini-Budget was all about. [More…]
If the mini-Budget means that certain commitments cannot be complied with fully all fair minded people will accept that those are of a lesser order than the central objective of consolidating the gains that have been achieved and building a sound and growing economy which is the essential basis for achieving these national social and economic objectives. [More…]
It is important to place some of these achievements on the record because in his speech and in the amendment he referred to the so-called recessed state of the Australian economy. [More…]
These projects are a tribute to the restoration of the international competitiveness of the Australian economy which this Government has achieved since 1975. [More…]
It is those achievements which are currently at risk and in particular the current acceleration of real activity in the economy which alone holds out the prospect of making a real impact in reducing the admittedly too high level of unemployment, especially in the youth area. [More…]
The facts are that by honouring those commitments, by going ahead with that extraordinarily massive volume of spending- a huge increase of 120 per cent in the time it was in office- by pursuing that enormous increase, it brought about the destruction of the Australian economy. [More…]
The then Government decided that its commitment to its own programs was far more important than the health of the Australian economy. [More…]
Is this the way to run the economy of this nation? [More…]
He is saying that the Government cannot manage the economy because too much money is being received for our rural produce. [More…]
Now in respect of the economy the Government says: [More…]
The Labor Government went to the Australian people and said: ‘Can we try and get some control over the economy?’ [More…]
We certainly did not want to do so but we recognised that if we did not do so we would be imposing an enormous burden on the economy. [More…]
The economy is showing real growth. [More…]
When we came to Government at the end of 1975, we inherited an economy in which the year-on-year rate of inflation had reached 16.7 per cent in 1974-75; an economy in which real capital expenditure by the manufacturing sector was stagnant and in which manufacturing employment had declined by over 6 per cent between December 1972 and December 1975. [More…]
The economy as a whole and industry in particular have responded to our policies, and responded handsomely. [More…]
We will continue to pursue unremittingly the strategy which has put the economy on its feet again. [More…]
It will be harder to reduce it a couple of per cent further but it will happen as long as we can keep control of the economy. [More…]
There is a certain amount of mythology around as regards 1975 and what Labor in government is alleged to have done to the Australian economy. [More…]
We are told that high wages are destroying the structure of the Australian economy. [More…]
My recent visit to Rhodesia showed exactly what a country could do when faced with a siege economy. [More…]
This afternoon I have listened to people saying that the economy is showing real growth. [More…]
That he could be trusted to run the economy! [More…]
Both Budgets will be brighter because they will have the benefit of the sound foundation which was given to the economy of Australia last Thursday night by the Treasurer ( Mr Howard ). [More…]
Let me talk about the increase in confidence in the Australian economy. [More…]
The Opposition knows it is rubbish because all of the indicators that are coming forward at the moment fully disclose that the Australian economy is on the verge of very rapid recovery. [More…]
And the honourable member for Wills asks: ‘Which indicators show an increase and an improved economy?’ [More…]
I tell the honourable member for Wills that there are countless numbers of indicators that show that the economy is on the mend. [More…]
Members of the Australian Labor Party ask: ‘What indicators show an improved economy?’ [More…]
The people of Australia listening to this debate will know that the indicators of the economy paint a rosy picture. [More…]
If we compare real growth per head of population of the 5 years from 1971 to 1976 we see that the Australian economy has grown at an annual rate of 1.9 per cent while Japan has achieved 3.9 per cent; Hong [More…]
It is necessary to indicate once again to honourable gentlemen- some of those on the Opposition side of the House seem to have short memories- what they did to the Australian economy because it is against that background that the policy speeches - [More…]
It has endeavoured to assist the economy of the nation, to guarantee that there would be fair play between employers and employees, by passing a series of Acts which the court has said virtually are invalid and not worthy of support. [More…]
This Government has done nothing but confront the unions, disrupt this nation’s economy and cause damage to a large number of people. [More…]
The source of information from which the pamphlet’s statistics are extracted is the obscure marxist Journal of Political Economy. [More…]
People such as Mr Gallagher, Mr Halfpenny, Mr Carmichael and Mr Clancy- I can name many others- want to have an unrestrained influence over the economy and over the industries of Australia. [More…]
Money was advanced by the Rural Credits Department of the Reserve Bank and directly contributed to the money supply in the Australian economy. [More…]
These two factors have meant that the Reserve Bank has injected very large amounts of money into the economy in a relatively short period. [More…]
The economy of this country is in such a turmoil that the Government cannot handle a rural boom. [More…]
The Prime Minister is responsible for losing control of the economy, not the Australian Wheat Board. [More…]
Therefore, why should the Australian Wheat Board be charged with the job of pulling the economy into line. [More…]
It is expected to contribute at least $2, 500m to the economy. [More…]
I would like to cite a couple of other figures that I think are fairly significant when people constantly talk about the devastating effect that the Labor Government had on the rural economy. [More…]
I would like to point out a few other factors regarding the rural economy. [More…]
Returning to the promise of lower interest rates, which is the gist of the matter before us today, the unequivocal assurances of the Prime Minister began to totter as his Government lurched from one mistake to another, failing to engender confidence in the business community, failing to stimulate the economy with thoughtful planning in the public sector, failing to halt inflation rates and, most tragically, failing to halt the terrible unemployment rate. [More…]
He is under attack daily in the media for his failure to manage the economy. [More…]
The Prime Minister is responsible for the breakdown in the nation’s economy, not the Wheat Board. [More…]
This was to help the Australian economy. [More…]
Funds have been raised for the benefit of the Australian economy without any cost to the Australian wheat grower. [More…]
The Government was looking, as always, at the soundness of the economy of this country. [More…]
The only reason that finance is now to come from other sources is that that is in the interests of the Australian economy as a whole. [More…]
Money provided in this way contributed directly to the money supply in the Australian economy. [More…]
It is vitally important that the wheat industry should remain viable not only in the interests of the wheat farmer but also in the interests of the national economy. [More…]
What the Government’s fiddling around with the mini-Budget will do to primary industry and to other sections of our economy is something that we have yet to face. [More…]
The rural economy is having the best period for a very long while, making up for some of the very lean and difficult times it has had over recent years. [More…]
It will strengthen confidence in the Australian economy, strengthen control over our own expenditure. [More…]
Many of these factors, especially prospects for the rural community and miners, have healthy effects on the economy, but they also have an impact on inflationary pressures and they have an impact on the money supply. [More…]
As a result of these changes inflationary pressures increase and there is a clear need for government action to maintain control over the economy, particularly so since the 5 per cent inflation forecast in Budget Statement No. [More…]
We certainly make no apology for it because we have taken the right course for the economy and for the people of Australia. [More…]
The steps we have taken will build confidence in the Australian economy and there should now be no pre-Budget doubts about the Government’s resolve. [More…]
It has been a long fight to strengthen the Australian economy and to achieve our goals. [More…]
But now there is an upturn in the Australian economy and recovery is under way. [More…]
Secondly, wallowing in false security as a result of Britain’s delayed entry into the Common Market, the Australian economy was not encouraged to move towards adjustment as quickly and as early as it should have been to respond to the changed trading circumstances which would eventually arise when Britain went into the Common Market. [More…]
This is especially so in the present state of the Australian economy and the dismal prospects for it under the latest measures announced by the Government. [More…]
It is prepared to ruin the national economy for the sake of foreign corporations, because the Fraser Government in its own mind is really committed to this minority group. [More…]
As a result it has lost control of the economy. [More…]
Imagine the spending power and the stimulus that would be given to the economy if we had those 800,000 people in employment. [More…]
What a healthy economy we would have. [More…]
The kind of economy that the corporations want to see in Australia, an economy based on the export of processed resources and a closer real and financial integration into the world capitalist economy, will demand even higher public subsidies and cause even greater problems in society in terms of inequitable distribution of wealth, the destruction of the physical environment, air and noise pollution, traffic congestion, the degradation of a person’s work, and the further loss of jobs in this country. [More…]
Decisions were announced to provide time for the necessary adjustments in the spending plans of individuals and of States and departments; To maximise savings from the measures in 1979-80; and, importantly, to counter wild and uninformed speculation about the Government’s intentions- speculation which is often encouraged by unscrupulous people bent upon undermining confidence in the economy and causing needless worry and anxiety to those least able to cope with it. [More…]
Even the big spending Labor Government realised that increases of this magnitude were too much for the economy to digest and in its last Budget it tried, miserably and dismally to cut back. [More…]
Good signs are emerging in the economy. [More…]
In the context of an economy beginning to pick up, a deficit of the order initially projected - [More…]
Government’s policy to resist inflationary pressures which are re-emerging in the economy and to bring down a Budget which is responsible and which allows Australians to live within their means. [More…]
The programs, to which I have briefly referred, are designed to ensure that demand for particular labour skills can be satisfied now and during the recovery phase of the economy and to maintain and improve the chances of the unemployed obtaining work. [More…]
Rather, the economy has sunk deeper into recession, as shown by the large and continuing increase in unemployment. [More…]
The severe reductions in government expenditure, and the more recent increases in taxation, have restricted the level of demand in the economy and that has plunged the economy further into recession. [More…]
Therefore, all that would be achieved would be a further severe twist to the downward spiral on which this Government has set the Australian economy. [More…]
That context is the responsibility of this Government to preserve and consolidate the economic recovery of the Australian economy which this Government has brought about. [More…]
This is necessary because the honourable member for Gellibrand who is leading for the Opposition continues to refer to the recessed state of the Australian economy. [More…]
In point of fact, the total output of the economy as measured by the gross domestic non-farm product on the latest figures, is some 10 per cent above the stagnant level that prevailed in 1974-75. [More…]
These are real and important achievements, and in particular, the current acceleration in real activity in the economy. [More…]
These achievements and the significant recovery of the Australian economy are at risk because of potential resurgence of inflation, stemming from the difficult outlook on the cost front. [More…]
It involves demonstrating that the Government is prepared to hold off the potential resurgence of inflation, thus strengthening investor confidence in the economy and fostering sales of Government bonds in order to finance the activities of the Government at reasonable interest rates. [More…]
Tax indexation was never meant to rule out a real increase in tax if national necessity demanded it to consolidate the economy and meet national needs in respect of defence, capital spending and so on. [More…]
This is one of the major reasons for growing unemployment, particularly in the tertiary and manufacturing sectors of the economy. [More…]
In a purely economic sense that prospect, in my opinion, constitutes a very real threat to the future of the Australian economy which requires very urgent and substantial action by the Government. [More…]
Given this situation, the Government clearly had a responsibility to do what was in the best long term interests of the economy of this country. [More…]
A failure to act now against the impending deficit of $4.5 billion would be the death blow to this economy. [More…]
Unlike the honourable member for Fremantle, I happen to believe very strongly in the private enterprise economy because it is the most productive economic system yet devised and it is the system that has given this country, over its short history, one of the highest living standards in the world. [More…]
Notwithstanding the short term political difficulties, this will contribute in the long run to the viability and strength of the Australian economy, which is in the best interests of all Australians. [More…]
Fourthly, on the admission of the Treasurer (Mr Howard), it will fail to reduce inflation, it will fail to bring down the level of unemployment, and the economy will continue to deteriorate. [More…]
I repeat that we have amateurs in charge of the economy. [More…]
They run the economy on hunches and guesses, and those hunches and guesses are not working. [More…]
These additional inflationary forces have to be considered against the background of the already resurgent inflation loose in the Australian economy. [More…]
We have heard that the Prime Minister while overseas often lectures to the effect that the world economy needs freer trade and reduced protectionism. [More…]
Coming to my conclusion, the purposes and problems besetting this Bill are a microcosm of those contained in the Government’s mismanagement of the economy generally. [More…]
This has all been done without asking whether it is worthwhile, given the detrimental effects in terms of inflation, in terms of the inequities it is causing, in terms of the disruptions in the economy, and in terms of our international relations. [More…]
If we consider the effect on our economy of imports, the pricing of goods and local production, there is no doubt that the Government has taken a proper approach from a revenue raising point of view in introducing a 2 per cent level of duty on a number of goods. [More…]
As the honourable member for Batman (Mr Howe) pointed out, we are running an economy so that there is no work for them in the work force. [More…]
In a State economy or State industries, decisions are centralised to planning boards, committees, commissions, councils - [More…]
In a State economy or State industry, decisions are centralised to planning boards, committees, commissions, councils, government departments, that nominally represent the very much larger number of workers, managers and consumers who will benefit or suffer. [More…]
In a government economy change is more likely to provoke tension, strife and unrest. [More…]
I firmly believe, however, that it would be very foolish of this Government or of any other government to ignore the importance of the provision of private resources in any hospital or any health area in this country or in any country with a similar economy. [More…]
There has traditionally been a boom-slump syndrome imposed by the sensitivity of the Australian Capital Territory economy to Commonwealth Government marcoeconomic policies and philosophical differences between centralism, big and small government, interventionist policies and social engineering. [More…]
There appears to be absoultely no overview of the Australian Capital Territory economy for forward planning in other than the bricks and mortar sense. [More…]
I am informed that there is no overview of the Australian Capital Territory economy by economic experts, there is not Cabinet sub- committee of responsible Ministers and there is no standing interdepartmental committee. [More…]
In the context of an economy beginning to pick up, a deficit of the order initially projected would have been a prescription for accelerating inflation. [More…]
These days the Government appears to be using the customs tariff as a revenue raiser with little regard for the effect that this will have on the level of manufacturing activity, leave alone other activity in the economy. [More…]
This will mean that the price of the final product will increase causing an inflationary effect upon the economy. [More…]
I would like to look a little more at the effects of this policy on the Australian economy. [More…]
As a matter of urgency, the Government must review this policy before more damage is done to the Australian economy. [More…]
I believe that those people who are utilisers of things to which the excise tariff applies should be making a contribution towards the Australian economy. [More…]
Not only has it led to an increase in the price of petrol itself but also it is anticipated that its other consequences throughout the economy will be that it will lead over the next one or two years to an increase of more than 2 per cent in the cost of living. [More…]
Now this is particularly serious in Western Australia where the Western Australian fuel economy already is very heavily concentrated in the area of imported oil. [More…]
If it does not go ahead then the problems for Western Australia and the Western Australian energy economy will be even more grave than the picture I have already painted. [More…]
But there is absolutely no need to slavishly observe the OPEC pricing system which has such seriously disruptive effects on the Australian economy. [More…]
It has to be understood that the real reason for this Government pursuing this policy so vigorously is quite unrelated to the energy policy and is quite unrelated to anything except a desire to raise revenue in any way other than by personal income taxation regardless of the consequences for Australians or the economy as a whole. [More…]
We realise the great benefits that flow to the Australian economy generally from improved conditions in the agricultural area. [More…]
Of all sectors of the Australian economy, no sector wishes to see the Government cut back on big government more than the rural sector. [More…]
What we have largely received from the Government side on this matter is a story about the new-found wealth of the rural sector, how the economy of the rural sector is booming again so rural producers can afford to pay. [More…]
The Opposition sees this Bill as another example by this Government of its lack of concern for country industries; of its lack of concern for exporting industries; and of its lack of concern for the total Australian economy. [More…]
We do not object to the extra $ 166m accruing to federal revenue, but we do object to this Government’s folly in continuing blindly to pass on to the Australian economy the inflationary OPEC price rises, rises over which the Government has no control whatsoever. [More…]
The rate of increase in petrol consumption is down very slightly by 2.3 per cent, but at what price to the economy? [More…]
The Government must consider the effects on the consumer and on the economy. [More…]
It is not wage increases that are the major inflationary factor in the Australian economy today; it is the unprecedented rise in petrol, diesel and fuel oil prices under this misguided, erratic and inflationary Government. [More…]
It is content to hand out huge sums to multinational oil companies and then plead, beg and implore them to invest a small percentage of their windfall profits made from the Australian economy by Government decision in their puny efforts at oil exploration. [More…]
Oil imports are now costing the Australian economy something like $1 billion a year. [More…]
Is the Minister for Defence aware of the importance of the Casey Australian Defence Force Academy project to the economy of the Australian Capital Territory in relation to both employment in the construction industry and the forward planning for transfer of Government employed people to this city? [More…]
The economy is in a mess. [More…]
On the contrary, apart from the debate about the mess in which the Government has placed this economy, no issue has had more exposure than oil drilling on the Great Barrier Reef. [More…]
Given the state of the economy at present, it is worthy of note that the Government has now called in the liquidator. [More…]
These latest changes not merely reduce the 1975 promise of the Prime Minister to a monument to political mendacity unrelated to any coherent philosophy of health care but are based on one criteria and one criteria only, and that is the failure of this Government to manage the economy. [More…]
The Minister has also squeezed the community health program- perhaps the only real economy measure that the Australian health system has going for it at the moment. [More…]
That this House, recognising the importance of small business to the Australian economy and acknowledging the particular problems of small business, directs the Government, amongst other things, to- [More…]
What does it do to the economy of some of the towns to which I have referred? [More…]
A thorough evaluation was carried out of a large range of aircraft and the decision in favour of Nomad was made on the basis of economy of operation, maintenance record, the most suitable fuselage layout which was judged to be ideal for RFDS purposes and other capabilities available with Nomad. [More…]
Most notable is its very good economy of operation. [More…]
But we like the aeroplane essentially for its economy, and because, for the size of the aircraft, it’s extremely easy to maintain. ‘ [More…]
It is vital to our economy and, therefore, we have encouraged small business in many ways. [More…]
With three-quarters of a million Australians unable to find a job- that is, the Australians who want one- and with enormous changes taking place in our trading patterns, and so on, each one of the IAC reports, as I have indicated earlier, and each one of the tariff proposals which flow from Government decisions about the IAC’s advice is more sensitive in nature and more important to our economy than previously applied and requires close scrutiny. [More…]
The way that the Minister and his colleagues are treating the economy of this country, those businesses seems to give him singularly appropriate equipment to continue the policies of the Government. [More…]
It is the growth rate that has altered because of the downturn in the economy of the western world. [More…]
In particular, the Australian economy has gone through a disastrous period. [More…]
The Treasury does not believe in planning the economy. [More…]
For reasons of operational training, general support and economy, battalions are located within the ambit of their particular Task Force base. [More…]
Which of the past five Budgets has been most successful in achieving the result of pointing the Australian economy in the present direction of double digit inflation, record levels of unemployment - [More…]
References have been made in this House to direct taxation and its significance in the economy, and also to the attitude of the various political parties from time to time in relation to the problem of differentiation between direct taxation and indirect taxation in its various forms. [More…]
I believe that the whole of the sales tax process should be reviewed because its impact upon the national economy is important and significant. [More…]
I am prone to believe that direct taxation is less harmful than indirect taxation in the context of the progress and development of the national economy. [More…]
It is also an occasion to take stock, to review the course of the economy over the previous year, to assess prospects and problems for the year ahead and above all to restate the basic economic policies of the Government. [More…]
Confidence in the strength and stability of the Australian economy continued to grow. [More…]
If members of the Labor Party were really as concerned about unemployment as they profess to be and if they were really worried about the capacity of the Australian economy to create more jobs, which is the only lasting solution to the problem of unemployment- not some of the gimmicky solutions that are urged upon us by spokesmen for the Labor Party- they would think again about the consequences of some of the policies they adopted at the Adelaide Conference of the Labor Party, such as the policy that they adopted regarding foreign investment. [More…]
On the Sydney-Perth route- that is about as far as one can travel from one side of the country to the other- the one way economy fare is $241.50. [More…]
Government not taking a firm line on the management of the economy and the control of inflation, there might be some reservations on their part. [More…]
Tourism is already an important sector of the Australian economy. [More…]
The Callaghan report on the structure of industry and the employment situation in Tasmania concluded that tourism could play an increasingly important part in developing the State’s economy. [More…]
Now we know that the tourist industry is worth to the Australian economy almost as much as the car industry and is not far behind the mining industry. [More…]
Of course, we know that Canberra’s economy now needs a stimulus and this is the time when I think the base of Canberra can be diversified. [More…]
The success of the nation depends very much on the well being of the private sector, the future prospects that people see for this nation and the way in which the economy is being managed. [More…]
The Minister for Primary Industry is no doubt aware of the immense value of the apple industry to the economy of Tasmania. [More…]
This year, the apple has been not only vital to the economy of Tasmania but also fairly helpful to the health of the nation. [More…]
This reflects firstly the lack of interest generated in much of Australian education and secondly the relatively slow growth of an information economy compared with, say, the United States or Canada. [More…]
Manufacturing and the tertiary sector of the economy absorbed new entrants to the work force and those displaced from the land. [More…]
Any reductions in protection flowing from such an approach would be phased in gradually over time in accordance with the capacity of industry and the economy to adjust and to accommodate the economic and social consequences. [More…]
There is nothing in the Budget to help manufacturing industry, which is a major source of jobs and a vital part of the economy. [More…]
We put the proposals forward in the context of the historic changes that have moulded the world ‘s economy over the past few decades. [More…]
At Lusaka, Heads of Government recognised that a continuation of slow growth in the global economy would further damage the prospects of increasing living standards in both developed and developing countries, and could have adverse effects in their political and social structures. [More…]
All these help to reduce the impediments to our national development, but there are many other barriers to growth within the global economy. [More…]
I hope that the report will address itself to these constraints and recommend practical policies that can be pursued in order to promote growth of the world economy. [More…]
When honourable members look at the policy they will see the old words coming out again- increased intervention in the economy, nationalisation to be used where they think appropriate. [More…]
The Treasury runs a relatively sophisticated model of the economy that contains nearly ISO mathematical equations no politician could hope to understand. [More…]
Admittedly, private sector employment kept on falling but only by a further 6,000 over the next two years as the Fraser Government, in its first two years in office, battled to get the economy back on an even keel. [More…]
Two great engines are running within Australia’s economy. [More…]
It tells us that it is trying to build up the economy in such a fashion that Australia can return to full employment. [More…]
As I said, our strategy is intended to benefit private enterprise so that it will have the incentive to invest in expanding industry, in seeing that the economy grows, and through that growth bring about employment growth. [More…]
Through the programs we presently have, and the work which is going on within the new Department of Employment and Youth Affairs, we will be building on a very solid foundation as the effects of this year’s Budget show through into the economy and we see private enterprise grow even more than it has till now. [More…]
We have different authorities within the country, serious people who have made a study of employment and of the economy, who disagree fundamentally in relation to the scale of unemployment within this nation at present. [More…]
They know that when we move towards a more capital intensive economy, when the big funds go into the big monopolies, they are going to be the people who will pay the costs. [More…]
But we cannot expect to see the rate of unemployment moving down at an acceptable speed unless we can create new jobs particularly in profitable firms in manufacturing industry and so strengthen the industrial base on which our whole economy depends. [More…]
The honourable member for Batman would be satisfied only if the whole of the economy were brought within government control, and that is his particular problem. [More…]
It misrepresents the state of the economy and what is needed in management policy. [More…]
The tragedy is that there were opportunities in the past four years to get the economy off its knees and into better health. [More…]
International trends make it clear that enfeebling the economy as this Budget will do will only weaken our capacity enormously to withstand the pressures that are now beginning to crowd in. [More…]
What is needed is confident and optimistic management of our economic affairs to allow Australia not only to confront the difficult problems in the economy but also to plan for a challenging, complex and difficult future. [More…]
The simple fact of the matter is that the manner in which this economy is slowly, gradually, but nevertheless definitely edging back to stability - [More…]
A- ‘scarcity’ economy with supply falling behind demand. [More…]
Major developments (utilities, schools, hospitals) largely achieved- a ‘post-scarcity’ economy: more emphasis on the consumption of services than goods. [More…]
New machines, new technology introduced because it cuts production costs can indeed reduce the total demand for labour, that is, the total number of jobs available in all sectors of the economy taken together at any given price of labour- in other words at any given wage rate. [More…]
Here we have a Budget which has concentrated its efforts in preventing overseas inflation from destroying our economy- unlike the efforts of our Labor predecessors at a similar stage in the world five years ago- while at the same time ensuring that our most disadvantaged, our pensioners, are to get a better deal. [More…]
If we have to recast our economy, change working hours, do something different with the monetary system and change the way government faces its budgeting, then we have to do it. [More…]
Australia has a remarkably productive economy. [More…]
It is time we brought three different economic indicators into use to evaluate the economy. [More…]
I suggest that we start to look at the economy according to these criteria: How close are we to full employment, what is the level of real wages- what one can get for one’s wages- and how many people live below the poverty line? [More…]
Under the heading Profit hike ‘-will somebody write to BHP to tell it to stop using that sort of Americanism and to use the reasonable Australian words that we use when dealing with these matters- ‘good omen for economy’ an article shows that profit was $785m before FAU- I understand that means fixed assets utilisation- interest and tax. [More…]
We have to look at real wages, at the poverty line and the total work picture in this community to make judgment on the economy. [More…]
This is vindicating the Government’s strategy of developing a sound, basic structure for the economy to attract investment both locally and from overseas so that we can give more employment opportunities to people in this country. [More…]
One of the measures that the textbooks will say are necessary to try to offset the effects of devaluation is to apply a sustained squeeze on the economy. [More…]
I wish to say a few words about the improvements that have occurred in the Australian economy in the past 3V4 years and, in particular, in the past 12 months. [More…]
A debate like this about the living standards of Australian people ought to give us an opportunity to look at what has happened to the Australian economy during the past 12 months. [More…]
It ought to give us an opportunity to look at some of the things that were said about the Australian economy and about the Government’s economic policy. [More…]
He knows very well that in 1973 when this country faced world-wide inflationary pressures, the Government of which he was a senior member and of which he later became Treasurer, fuelled those inflationary pressures by following a totally permissive monetary policy, by allowing expenditure to go through the roof and by encouraging the level of real wages to get out of all hand and to sink the international competitiveness of the Australian economy. [More…]
That is why the Leader of the Opposition is squeamish about inflation and that is why, so long as the Leader of the Opposition comes into this House to debate inflation or the Australian economy, this side of the House will never allow him to forget that when it comes to making an economic statement he is deafeningly silent on inflation, which is the most important single determinant of the living standards of Australians and Australian families. [More…]
He is playing to the basest emotions of the community at a time when a more responsible leader would be acknowledging the great difficulties facing the economy. [More…]
The more international tourists that we can bring into these other States the greater the benefit will be in terms of employment and the health of the economy. [More…]
In a sense, that is a kind of Fraser economy. [More…]
2 is straightforward but necessarily is a Treasury view of the state of the economy and from it one can draw economic conclusions as to the reasons for and impact of the implicit Budget strategy on the economy in the year ahead. [More…]
Of course no stress is placed on some of the greater problems being posed to the economy by matters such as technological change or the restructuring of industry. [More…]
There is no question that this Budget will not have a very deflationary effect on a very flat, under-employed economy. [More…]
The impact of petrol price increases will feed through the economy, adding to inflation. [More…]
It is a Budget which concentrates on a narrow monetarist interpretation of the economy. [More…]
It was a speech that made no acknowledgement either of what has been achieved in restoring the fundamental health of the Australian economy or of the difficulties we are currently facing, particularly the upturn in inflation. [More…]
He stressed the particularly beneficial effect of this on most of the business judgments which make the economy tick. [More…]
First, despite the knockersthe Leader of the Opposition is prince of knockers- the performance of the economy over the past 12 months has been pretty good, with comparatively strong growth of output and a broad fronted expansion of employment, including manufacturing. [More…]
To return to my theme that the performance of the economy over the past 12 months has been pretty good. [More…]
I have made reference to the new investment in aluminium, but that is just one of a host of projects, large and small investments, throughout the economy. [More…]
What that and these other factors reflect is the considerable return to fundamental strength of the Australian economy. [More…]
Subject to that, this fundamental setting for the economy has been significantly restored. [More…]
Next the international competitiveness of the Australian economy is now similar to what it was in the beginning of the decade, around 1972. International competitiveness means that Australian industry can produce in competition with imports, and can sell in overseas markets. [More…]
Petrol is the basis of most of the transport systems, and most of the conveyance of goods in this country and therefore is a recurring cost factor throughout the whole of the economy which must be met by increased costs to producers, to consumers and to all other sections of the community. [More…]
It lays down an economic framework to continue the task of restoring the economy of Australia from the ravages of three years we sustained when the greatest bunch of economic vandals ever to get hold of the treasury bench were in office in this country. [More…]
Their tough tax policies were introduced at a time of industrial trouble, when those involved in industrial labour were concerned about the way in which the economy was going. [More…]
This Budget has maintained the Government’s fundamental priority, to attack inflation, which we see as the essential root cause of many of the fundamental difficulties we are facing in the Australian economy at the present time. [More…]
The fact remains that whilst the Government has a part to play it does not have the role of creating jobs unless there is a demand within the economy for those jobs. [More…]
-The 1979-80 Budget continues the trend which the Fraser Government has set; that is, the redistribution of wealth and power in the Australian economy. [More…]
The transfer of resources to the wealth-creating sector of the economy is no guarantee of expanding investment, output and thus employment. [More…]
On the Government’s own admission its control over the domestic economy in the face of changes in the world economy is limited. [More…]
You will be aware that I recently announced a major new domestic concessional air fares package with savings between 30 and 40 per cent of the domestic return economy fare. [More…]
Does the Minister have any assurance that the South Australian Government, if re-elected on 15 September, will not proceed with ADR 27A stage 3, to the detriment of fuel economy and vehicle costs, and will instead adopt the responsible approach of the Commonwealth Government to encourage greater use of pollution free fuels such as liquefied petroleum gas or diesel which also maintain fuel economy? [More…]
Just because a government is concerned about an area of activity in the economy does not mean that it is relieved of the obligation to ensure that in the provision of funds the programs are cost efficient. [More…]
The speech of the Leader of the Opposition was supposed to address the twin problems of the economy today; that is, inflation and unemployment. [More…]
On the other hand it is inflationary by virtue of the huge petrol price hikes that inevitably will surge through the whole economy. [More…]
The reduction in the overall deficit from $3.5 billion to $2.2 billion has been effected exclusively within the domestic economy since the domestic deficit has been cut by a massive $ 1 ,400m to $900m. [More…]
It will not last six months unless the coalition believes it is possible to go into an election campaign in 1980 with a stagnant economy and an unprecedented level of unemployment. [More…]
Why is it that those people who stop to think know that he is right and know that this Government is right in the thrust of it’s Budget in respect of creating new jobs particularly in profitable firms in manufacturing industry and so strengthen the industrial base on which our whole economy depends. [More…]
The biggest increases in the bureaucracy in Australia have taken place in South Australia whose economy is going down and in Western Australia which at least has the excuse that its economy is going up. [More…]
This upturn led to many consequential benefits to the economy such as an improved balance of payments, more consumer demand, increased gross domestic product and some increase in employment in rural and rural-related industries. [More…]
It is important for people to realise, before they talk about the economy or criticise the Government, the fact that as every day goes by this country becomes more competitive with its trading partners. [More…]
If the ALP and its leader are not now aware of the improvements in the economy - [More…]
Hundreds of jobs in the building industry are likely to be lost, and of course this will have deleterious effects right through the Canberra economy. [More…]
It would seek to ginger up the economy with capital works. [More…]
Tennessee has limited spending and taxation growth to the rate of growth in the State’s economy. [More…]
The lesson of Proposition 13 is that tax reduction has both stimulated the economy and increased the tax base. [More…]
The problems we are facing in the economy are deepening at the hands of this Government. [More…]
We will see free market forces really controlling this economy. [More…]
Largely as a result of the previous Labor Government’s incompetent economic management between 1972 and 1975, the Australian economy has been affected by fundamental distortions which have severely inhibited its performance. [More…]
Those honourable members who are deeply interested in the economy have now had time to consider the fundamental question, that is, the alternative policies or attitudes of the Government on the one hand, and Mr Hayden speaking for the Labor Opposition on the other hand. [More…]
The Government’s strategy is both comprehensive and consistent, designed to strengthen the basic structure of the economy and open up the way for greater economic growth, rising employment, and lower inflation. [More…]
I believe that 1979 is the year in which the fruits of our policies will become clearly apparent, a year in which the economy will take a further step on the road to recovery. [More…]
Does this reflect what we say is a growing economy? [More…]
The production statistics for July which were released on Tuesday, confirmed that in real terms- that is, employment terms- the economy is contracting. [More…]
Let the Government get on with the job of managing the economy and let it reduce some of the taxes. [More…]
I believe that this Budget provides the structure and the foundation for the sound running of our economy for the next 12 months. [More…]
But what must be seen as the worst dishonesty and hypocrisy is the proposition that the Labor Party constantly asserts, that is, that no matter what the rate of growth of the economy, no matter what the profitability of business, no matter what the amount of industrial disruption, no matter what the loss of productivity is caused by these strikes the wage and salary earner has an unchallengeable right to expect his income and living standards to rise continually. [More…]
Yet the Labor Party, for purposes of political expediency, continues to push this dangerous line that people who already enjoy wages and conditions- as I said, amongst the best in the world- are entitled to continual improvements no matter what the economic situation, no matter what the capacity of the economy to provide those improvements and, worst of all, no matter how much more difficult it makes the plight of the unemployed. [More…]
Any party or any political leader who claims a concern for the unemployed and, in the same breath, espouses the view that can only be harmful to the unemployed cannot be trusted with the responsibility of managing the economy of this country. [More…]
Nothing, so the Labor Party says, should be allowed to stand in the way of pay increases, even pay increases beyond the capacity of the economy or even pay increases that are going to make the unemployment situation worse. [More…]
Australians must recognise and accept that they can only enjoy benefits if the economy grows strongly enough, if the business and industry sections of the community are prosperous and expanding and if we keep inflation under control and remain competitive on the world market. [More…]
It also means that official statistics are becoming increasingly misleading as a guide to the real dimensions of unemployment and (he state of the economy. [More…]
However, its most important contribution was to recommend a proper study of the economics of tourism by the Bureau of Industry Economics which in its interim report finally pointed out that tourism’s value to the national economy is conservatively as much as that of the automobile manufacturing industry and not far behind that of mining. [More…]
The way in which to improve overall the benefits to those most in need is to ensure that one has a productive, wealthy and prosperous economy. [More…]
unless appropriate economic measures are adopted now, the hopeful signs in the economy could prove illusory, and inflation could take off again from its already high level, to a thoroughly destructive effect. [More…]
He is playing to the basest emotions of the community at a time when a more responsible leader would be acknowledging the great difficulties facing the economy. [More…]
A fundamental assumption in Budget strategy is how the economy, that is, business and consumers, will react to the Government’s economic intentions and forecasts for the coming year. [More…]
You can be sure that no matter what happens in the economy the Prime Minister and the Treasurer have some alibi. [More…]
The Government’s rationale for fighting inflation was that it was the cure-all for our economy. [More…]
We were told that to get the economy back on the tracks and to get some fight back into our economy we had to fight inflation. [More…]
Even accepting that your theory is correct, that to fight inflation would cause some unemployment- you put it up and tell us that it is a trade-off, one against the other; you must have some unemployment in the short term in order to bring down inflation to help the economy get back on the tracks- what have you done to try to help those people who are pushed into the unemployment area? [More…]
I did not find any dissent in the report from the aspiring honourable member in relation to our economy and the observations made by the Reserve Bank. [More…]
But even in its more recent statements, the Australian Labor Party has promised to inject $800m immediately into the economy in the form of job creation schemes. [More…]
He is playing to the basest emotions of the community at a time when a more responsible leader would be acknowledging the great difficulties facing the economy. [More…]
I and a number of my colleagues on this side of the House supported the Government’s previous Budget, but due to a number of changing factors in the economy, notwithstanding the 4 per cent wage flow on of November 1978, the target in relation to inflation that had been set by the Government at that time was not achieved. [More…]
It said that the Austraiian economy just could not afford increases over and above that. [More…]
What in fact has happened is that the President of the ACTU has threatened the Conciliation and Arbitration Commission, the business community and the public that unless trade union demands are met industrial disruption will be used and, indeed, encouraged to damage our economy. [More…]
If we want to see whether the Labor Party has a coherent energy policy, let us look at the present situation in South Australia where there is an economy that is in decline. [More…]
As I said at Question Time today, in South Australia there is a crisis of confidence in the economy. [More…]
Businessmen across the whole scene of the South Australian economy lack confidence. [More…]
Its development would be a catalyst that would turn South Australia’s economy around. [More…]
It is a goldmine that would enable the State’s economy to take off and employment to rise. [More…]
Apparently these speakers were mostly oblivious to the fact that their Government has been in charge of the economy of this country for four years. [More…]
We have had four years of Liberal economics, four years of a stagnating economy, four years of depressed demand and four years of rising unemployment. [More…]
The performance ofthe economy over the past 12 months has been pretty good. [More…]
I think one could say equally well that the performance of the Australian economy over the last 12 months has been pretty bad. [More…]
Let us recognise that there has been an improvement there, but it is a pity that that improvement is not being used because it gives expansionary possibilities that this economy may not have had in recent years. [More…]
The honourable member for Berowra did his best with newspaper headlines to put together enough facts to suggest that somehow, over the last 12 months as a result of this Government’s policy, the economy has been pretty good. [More…]
Let us look at the overwhelming evidence that over the last 12 months the economy has been pretty bad. [More…]
As in 1976-77 and again in 1977-78, so in 1 978-79 the economy had just not responded to the economic medicine prescribed by this Government. [More…]
Let us examine the projections made by the Treasurer last year, the indices he suggested we should watch in order to judge the health or otherwise of the economy. [More…]
I want to suggest that if we examine the things that the Treasurer suggested we should emphasise then we will discover that, in fact, on his own measures and on his own indices, in the last 12 months it is truer to say of the Australian economy that it went pretty badly rather than pretty well. [More…]
If, in fact, there are these serious deficit miscalculations then, on the Government’s own argument, that failure injects inflationary elements into the Australian economy. [More…]
Let me take the second of the indices used by the Treasurer in 1978 to suggest how we should make a measurement of the economy in the past 12 months. [More…]
The Treasurer cannot escape, on his own argument, some responsibility through monetary mismanagement for what is again becoming the great problem for this economy, the acceleration of inflation. [More…]
So another of the kinds of projections made by the Treasurer for the health of the economy in the period 1978-79 was not met. [More…]
The depressed demand situation of this economy ran through 1978- 79 and looks as though it will be more threatening to economic development in the coming year. [More…]
We usually consider that that measurement is the most effective measurement of growth in the economy. [More…]
Therefore, the Government directly puts into the economy the inflationary factors of indirect taxes. [More…]
If there is one major criticism to be made of last year’s Budget and this Budget in terms of the total management of this economy, it is that in pursuit of a cut in the deficit, in adherence to a deficit fetish, the Government through indirect taxespetrol taxes, increased health charges and other indirect taxes- is directly fuelling the accelerating inflation in this economy. [More…]
These reflect partly some international developments and partly distortions which we inherited and which, 3Vi years later, still in part beset the economy. [More…]
The world economy is troubled and, as the Treasurer (Mr Howard) has made plain, inflation is accelerating quite rapidly- too rapidly- in a number of Organisation for Economic Co-operation and Development countries. [More…]
The tighter we can run our economy, the better we can run our ship, the better we can get through a difficult international economic environment so that we can advance in a hostile external environment. [More…]
The margin in favour of Australia is increasing, which means that our industries become more competitive, that our exporters can do better and that the Australian economy is strengthened, and that is good for Australian employment. [More…]
They inherited an economy with inflation running at about 5 per cent- that was below the OECD average. [More…]
He would have no concern for the deficit and no concern for its consequences on the Australian economy. [More…]
It responds to emerging dangers in the world economy. [More…]
I think we need to understand the implications of this for the Australian economy. [More…]
It is also a remarkable commentary on the Australian economy and the way in which it has been managed. [More…]
That publication is virtually saying that because of the management of the Australian economy we are attracting investments to this country when other countries are not doing so; because we are keeping this country under economic control Australia will have more activity than will many other countries. [More…]
That represents prospective expenditure and people from overseas, voting with their dollars and their pounds, demonstrating their confidence in the Australian economy. [More…]
Let no one forget Labor’s destruction of this economy. [More…]
We are repairing that economy, recovering from the disaster of Labor. [More…]
Because we are running the economy well, because our inflation is lower than that of many of our trading partners and because we are therefore becoming more competitive, even if world trade is low and even if there is not much growth in the United States or in Europe, we will be able to get Australia through a difficult world scene much better than most other countries. [More…]
We can do those things only if this economy is well run and inflation is kept under control. [More…]
I remind the House that this Prime Minister is the very same person who said of the Labor Government in 1974 that international reasons had nothing to do with the condition of the Australian economy in that year. [More…]
It continues the Government’s uncompromising attack on inflation and is designed to overcome the difficulties which have bedevilled the Australian economy for so long. [More…]
I agree with the Treasurer that the Budget debate is an occasion not only to review the course of the economy but also to assess prospects and problems for the year ahead. [More…]
The fact is that the Prime Minister and his colleagues, who told the people of Australia over four years ago that running the economy was really as simple as turning on the lights, now find themselves, after four years in government and with a majority in both Houses- the longest uninterrupted period in office of any government since the Menzies Government- with the greatest level of unemployment since the Depression. [More…]
We blame the Organisation of Petroleum Exporting Countries and the declining state of the world economy! [More…]
There is increasing evidence that these companies, which are forming such a large and significant factor in determining the fate of the Australian economy, are involved in transferring manufacturing capacity from high wage countries to low wage areas in Asia, not merely with a subsequent loss of employment opportunities but more importantly with a sacrifice of work experience and traditional skills. [More…]
I found it to be something almost bordering on the unbelievable that the Prime Minister of Australia could get up in this Parliament today and seek to belittle a decision of a Labor Party conference which adopted the policy that the Labor Party in office would monitor, check and make available to the government of the day, information about the nature, extent and control of our economy by transnational corporations. [More…]
The transfer of production overseas is making the United States a nation of hamburger stands- a country stripped of industrial capacity and meaningful work … a service economy … a nation of citizens busily buying and selling cheeseburgers and root beer floats. [More…]
Confronted with that evidence, plus the fact that the United Nations itself has had for some years, as part of its permanent operations, a standing committee examining and reporting on proper codes of conduct in the operation of transnational corporations, is it not an action of political and industrial responsibility for any political party to say that any government that cares about the future control of its own economy ought to be monitoring those actions? [More…]
I believe that it is time that the Governments role in our economy, and the capacity not only of the Government but also of this Parliament to play some meaningful role in the future development of our economy, were closely assessed. [More…]
Given the problems of the cyclic recession, given the downturn right throughout the western world, given the advent of technology and given the increasing domination of our own economy by transnational corporations which have shown that their major duty is to multiply their profitsthey do not operate with any sense of national duty to this Government or to this nation and this has been the experience that has been monitored and on which there is a pile of evidence- I do not believe that this Budget or this Government can wrestle with the problem of unemployment and can look at getting our people back to meaningful and useful jobs unless there is by government a massive intervention in the economy. [More…]
The view that the economy will regulate itself by leaving it to the free play of market forces in this day and age is economic nonsense. [More…]
He has continued his attack on the economy, which he has been trying to talk down consistently as have his colleagues. [More…]
Where does the strength of the economy come from? [More…]
But we cannot expect to see the rate of unemployment moving down at an acceptable speed unless we can create new jobs particularly in profitable firms in manufacturing industry and so strengthen the industrial base on which our whole economy depends. [More…]
Constant cries have been heard from Labor Party Speakers and from their leaders in an endeavour to convince the public that the economy is not on the road to recovery. [More…]
That is the sort of attitude that should be espoused by the Labor Party and by the ACTU, as well as all the cockatoos and screamers who are trying to talk down the economy and to give the lie to the fact that Australia is well on the way to recovering economically. [More…]
It must be getting increasingly hard for the Leader of the Labor Party and its supporters to keep on talking down Australia, talking down the economy and talking down the development of this great nation. [More…]
The Opposition is crying out that the national economy is failing. [More…]
But we cannot do all these things that we should be doing unless our economy is in a very sound and strong condition. [More…]
larger engined vehicles and thereby improving fuel economy. [More…]
In his energy policy statement of 27 June 1979, the Prime Minister announced that the Government was introducing a voluntary program of national fuel economy goals for passenger vehicles. [More…]
Under the fuel economy goals now stated, the weighted average fuel consumption of new passenger cars is to be reduced from the present 1 1 litres/ 100 km to 9 litres/100 km by 1983 and 8 litres/100 km by 1987. [More…]
There is great concern in South Australia about the stagnancy of the economy. [More…]
The potential for giving a filip to the economy of South Australia depends very much upon the development of resources. [More…]
This will happen only because the world can see that this country’s economy is being managed soundly and that our inflation rate is being kept at a level below that of other countries. [More…]
The honourable member for Adelaide (Mr Hurford), who has just spoken, said that South Australia has been immunised by the Labor Government of that State from the impact of the economy and so on in Australia. [More…]
I would rather say- and I am sure that the people of South Australia realise- that what has happened to them is that the South Australian economy has been anaesthetised. [More…]
Although the economy is not dead it has been anaesthetised in such a way that the people of South Australia have a bleak future. [More…]
If that is not a good enough source of advice, we could turn to the Organisation for Economic Cooperation and Development, which undertook its annual review of the Australian economy in [More…]
It is quite clear that any substantial increase in public expenditure would reduce the basis for sustainable recovery of the economy. [More…]
This reflects the confidence which overseas investors have in the future of this economy. [More…]
We can achieve our full potential as a nation only by encouraging the productive sector of the economy. [More…]
Many of the contributions of members opposite have sought to drive a wedge between the assistance given by the Government to the productive sector of the economy and the assistance given to the needy. [More…]
I believe that a sound economy is essential for a sound welfare policy. [More…]
That has been quite clearly shown by the strengthening that has taken place in all sectors of this economy. [More…]
The underlying principle in the Budget has been the attack upon inflation which is so necessary if the economy of Australia is to be sound. [More…]
This certainly shows two things: The investors have confidence in the economy of this country- in the ability of this Government to manage it- and they know that interest rates have probably reached their highest level. [More…]
This is to be applauded as the work force is entitled to enjoy the benefits of an economy that is second only to the economies of West Germany and the United States of America. [More…]
Our Government believes in the reduction of tariffs but in areas of manufacture which have been fully checked out and investigated to ascertain what effect reductions could have on unemployment, the community and the economy. [More…]
In relation to the coal industry, it is good to know that this Government has had regard to this industry which brings over $ 1,200m annually into our economy. [More…]
That is the priority which this Government gives to Aboriginal enterprises and land acquisition, a bit of capital for the people most in need of it in our economy. [More…]
It started in 1921 with Lenin’s New Economic Policy when he invited the capitalists of the West to rebuild the Russian economy from the ruins of the revolution, and they did. [More…]
He achieved his success simply by removing most government controls and letting a free economy run and thus proving the relationship between a politically free economy and the production of wealth. [More…]
Most of us know the details of Britain and its planned economy. [More…]
I tell you in all candour that this option no longer exists and that insofar as it ever did exist it only worked by injecting a bigger dose of inflation into the economy followed by a higher level of unemployment. [More…]
The structural weaknesses, the incompetitiveness of our industries and the weakness of our economy are the result of the policies of those successive conservative governments. [More…]
They blame the unions, member nations of the Organisation of Petroleum Exporting Countries, international conditions, the doctors, the States, or anyone and anything in order to cover up their own incompetence and mismanagement of our economy. [More…]
There is ample evidence that confirms beyond doubt the improving economy of Australia today. [More…]
Today the GNP of Australia confirms the improving economy of Australia. [More…]
In Japan- a country with an economy that we tend to look up to and admire- the average interest rate of 10.62 per cent is higher than the interest rate in Australia today. [More…]
We wanted a Budget that addressed itself to some intransigent problems, a Budget that looks squarely and in a businesslike or tradesman like manner at the problems confronting the economy of this country and a Budget which provided sensible answers to those problems. [More…]
In the context of the strengthening recovery of the economy of this country I think it is just as well to have a quick look at the basis of the Opposition attack. [More…]
If taxes are increased there is less drive in the private sector, ending up with less disposable income for taxpayers and less spending on productive capacity for things in the moving economy at present such as exports. [More…]
Because of the special, virtually unique relationship between Australia and Malta- the situation where there are more Maltese in Australia than in the home country- Mr Mintoff suggested that Australia should provide direct financial aid to the Maltese economy. [More…]
They have to take seasonal risks and price risks and they work exceedingly hard only to find that selfish people in unions have no consideration for their fellow Australian or for the national economy when they carry on in the way they are. [More…]
If only we could have some expansionary policies from the Federal Government and get this economy of ours going again. [More…]
Would a prudent Sydneysider pay above $400 for an economy return fare to Perth when he can pay less than $400 return and travel over twice the distance to Honolulu and have thrown in seven nights of luxury hotel accommodation. [More…]
I grieve for the fact that in the past 10 days the economy of South Australia has been subjected to the most unprecedented assault and denigration. [More…]
That has been done not in the pursuit of truth or of any rational debate about that economy, but in the pursuit of naked partisan self-interest. [More…]
This week the assault on the South Australian economy has been aided and abetted and the debate further debased by the Prime Minister (Mr Malcolm Fraser), by his lackey the Minister for Employment and Youth Affairs (Mr Viner), and by numerous Liberal back benchers in both Houses of the Federal Parliament. [More…]
The local business elite in South Australia could not even run a finance company, let alone understand the economy of that State. [More…]
We will make no real contributions to those problems in this Parliament if the debate is debased as has been the debate over the South Australian economy. [More…]
Perhaps the most important aspect of the economy at present is the confidence that is required to keep this fragile and gradual increase on the move. [More…]
Firstly, let me refer to the state of the economy. [More…]
The Budget was framed on the assumption that the economy was moving along nicely and that we were gradually developing stronger economic growth and that things were on the right path. [More…]
They have usually been taken as some sort of guide as to how the economy is moving. [More…]
2 of this Budget includes a section at the beginning which sets out to bag the national accounts and say that we cannot really take much notice of them as being a reliable indicator of the state of the economy. [More…]
When the Budget had been drawn up it was concerned to find that its assumptions about the rate of growth of the economy were wrong and that gross domestic product was tending downwards. [More…]
Other factors about the state of the economy are cause for alarm. [More…]
That is a very important item if we are looking for the prospective rate of growth of the economy. [More…]
So the Government’s basic assumptions about the state of the economy on which this Budget is based are incorrect. [More…]
Rather than a steadily improving and expanding economy, we had before the Budget was introduced, an economy which showed major signs of further contraction. [More…]
This Budget takes a responsible attitude to the state of the Australian economy today. [More…]
Certainly, the Government has not hesitated in indicating where there was a need for restraint and that responsibility was an essential part of providing a more healthy economy and a sustained recovery. [More…]
But behind all that is the improvement in the economy and the efforts which the Government and the people of Australia have made in improving the economic climate. [More…]
There can be more or less jobs, more or less exports or more or less production, depending entirely upon whether we as a nation handle our economy in the right way and whether we compete well and invest wisely. [More…]
At the same time the number of people in the labour force has increased by only 24 per cent, so the House can see that there has been a smaller increase in the taxation base of the economy than in the number of pensioners and social security beneficiaries. [More…]
As a direct result, the Australian economy has been improving for some time now. [More…]
But we recognise that, in a democracy, the ability of any government to shape the directions of the economy is limited by the attitudes and actions of the individual groups within it. [More…]
Evidence of the damage caused to our industries and to the economy is still apparent despite the fact that under this Government there has been a marked improvement in the standard of industrial relations. [More…]
As such, they are an affront to our democratic process and a deliberate attempt to undermine the effective functioning of our economy. [More…]
Nothing could illustrate more clearly the domination of the extreme Left, and their total unconcern for the effects of their policies on the economy and unemployment. [More…]
Yet, on 18 February this year, he said: ‘For their part, the unions must accept that the economy cannot bear unreasonable wage claims’. [More…]
We believe that if Government, employers and unions are willing to place the national interest first, there is no reason why all parties cannot cooperate to get the most out of what the Australian economy has to offer. [More…]
If wages and salaries continue to outstrip productivity increases, the productive capacity of the economy will decline and we shall all eventually be worse off. [More…]
The Prime Minister is mean and unscrupulous and is trying to create a diversion from the real issues that should be considered by the community, namely, the state of the economy and the failure of the Government. [More…]
The Minister said quite correctly: the Australian economy has been improving for some time now. [More…]
But … the ability of any government to shape the directions of the economy is limited by the attitudes and actions of the individual groups within it. [More…]
It behoves us all to accept the responsibility to recognise the ingredients of this great issue of the economy, of industrial relations, of productivity and of wages accounted for in an effective and proper manner. [More…]
Opposition members smile, but of course the only way in which they could rescue the worker from the depths of despair at the time of the 17 per cent inflation rate which I mentioned earlier, was to have quarterly indexation and spiralling wages of the kind that did enormous damage to the economy of this country. [More…]
Of course, the economy and inflation are problem No. [More…]
I do not know when they will learn that all of the policies that they have been following for four years have been so wrong, and will change direction and take advice from someone who has knowledge about the economy, such as the Leader of the Opposition (Mr Hayden), the honourable member for Gellibrand (Mr Willis), the honourable member for Lalor (Mr Barry Jones) and almost every other member sitting on the Opposition side of the House. [More…]
Indeed, in some respects ALP policy, as decided at that conference, goes beyond ACTU policy in its damaging implications for the economy. [More…]
If Australia were that significant to the economy of the Philippines, then perhaps as much might be achieved by withholding economic co-operation. [More…]
Rather than inhibit price increases, it positively encouraged the inflationary spiral and the price explosion which ripped the Australian economy apart and destroyed with it the hopes and the aspirations of countless numbers of young Australians who were so eager at that time to own their own homes. [More…]
They were gradual increases and they show a concern by this Government and a stable economy. [More…]
It has also prevented the Australian Bureau of Statistics from providing statistics on foreign ownership and participation studies of sections of the Australian economy. [More…]
As I see it, the more the shape of the Australian economy is determined by the decisions of big corporations that are increasingly locked into a system of foreign control, the more burdens will be placed on the majority of the Australian people. [More…]
This will enable a formula variation of the domestic sugar price, taking into account an element related to export pricing and also cost movements within the Australian economy. [More…]
B. Chifley, had judgments that there were people in this country seeking, as they said in the Parliament- it can be read in Hansard- to ultimately confuse the people and to destroy the economy. [More…]
By the heavenly mass, I assure him that if he does he will find a full page edition of an advertisement which says that communism is an attempt ultimately to destroy the Australian economy, and that it is a connivance, a conspiracy and a horrible, monstrous attempt to destroy Australia. [More…]
This clearly had inflationary implications for the economy, and the Government of the day had to do something about those inflationary implications. [More…]
The Australian economy is recovering. [More…]
We have a strong economy and are looked on as a stable and honest government. [More…]
The Government is particularly conscious of the importance of small business to the Australian economy. [More…]
There are some 370,000 small businesses throughout the country which are worth about 90 per cent of the free enterprise section of the Australian economy. [More…]
The most dreadful party political purpose for which an income tax Act could be used would be to make a dependent economy, whether by way of tax deductions or income tax rates. [More…]
It is for that reason also that there are special provisions for export incentives, special provisions to take account of what must be regarded as a sound business approach to the needs of the total economy. [More…]
It has brought stability to the economy by sticking firmly to the policies of economic restraint. [More…]
Succeeding Budgets can be foreseen as the means of getting rid of this enormous deficit which has been a burden on the economy for five years or so. [More…]
He spoke about all sorts of dire consequences for the economy and so on but I am afraid that his thesis has suffered a very severe denting and he is not able to sustain the assertions that he made at that time. [More…]
The inflow of overseas tourists into this country has already begun to give the economy of tourist areas, particularly the north coast of New South Wales, a very useful and timely boost. [More…]
If we think in terms of the development of our great mineral and other resources, we see that what is being done, encouraged by the Government’s approach to the economy, is of tremendous significance. [More…]
Already we are seeing useful results so far as employment and the economy are concerned. [More…]
We have seen an improvement in the economy to the benefit of all sections of the community. [More…]
In other words, I reject the proposition that we can or should seek to achieve in this day and age anything approaching a totally free enterprise economy without any government involvement. [More…]
The formerthat is, the totally free enterprise economy that some people still pay lip service to- assumes that we can return to the early days of the industrial revolution, laissez-faireism, when there was even more inequality, even worse living conditions, and even more exploitation of people than we have today. [More…]
As I mentioned earlier there are still people who pay lip-service to the attitude that we ought to have no government involvement and a complete market economy. [More…]
We social democrats or democratic socialists- in other words, we members of the Labor Party- believe that people do best if they operate in a mixed economy, that is, a private business sector operating in partnership with a government sector, in which the operation of market forces is controlled by the government either through legal rules or through direct intervention. [More…]
The basic belief of the Fraser Government is that the only way in which to achieve a reduction in inflation and thus make us more competitive is to put a lid on the economy and create more unemployment. [More…]
This Government is contracting the economy of this country at a time when it should be expanding it and creating more jobs. [More…]
People will recognise a party in government which is dinkum about unemployment as well as inflation, and people will go out and help to get the economy moving again. [More…]
That more expansionary monetary and budgetary policy is only part of the package which the Labor Party is preparing in order to get this economy going and to reduce the level of unemployment. [More…]
There has been a dramatic recovery in the rural economy. [More…]
Looking to the future growth of the economy one must turn to energy policy, mining, exploration for minerals and our hopes for the future production of oil in this country. [More…]
I really do think that he should study what happened in London and read what Mr Healey said when he stated that it was not possible to inflate an economy back into full employment. [More…]
The IMPACT project is a Commonwealth Government inter-agency project in co-operation with the University of Melbourne to facilitate the analysis of the impact of economic, demographic and social changes on the structure of the Australian economy. [More…]
The SNAPSHOT model is an attempt ‘to simply ask what the economy will look like at a particular point of time in the future ‘. [More…]
The authors set out to compare two models of the Australian economy between 1971-72 and 1990-91. [More…]
Put in frankly emotive terms, the comparison is between the long-term prospects for what we will call an innovative economy and those for what we will call a Luddite economy. [More…]
In an economy with rapid technological change major industries, far from declining, expand substantially. [More…]
The comparison between an innovative economy’ and a ‘Luddite economy’ suggests the language of advocacy rather than an objective description. [More…]
In any case, where do we find the Luddite economy which is described as foregoing technical progress for 1 9 years, whatever that means? [More…]
Does this mean that the Luddite economy retains the 1970-71 technology- that is, pre-microchip technology- but fails to recognise changes that have already been introduced to 1979-80? [More…]
SNAPSHOT uses computerised projections in an attempt to describe what Australia’s economy will be like in the year 1990-91. [More…]
The authors examine two different scenarios: One rejects all technological change, which they call the ‘Luddite economy’, and the other adopts all technological change, which they call the ‘innovative economy’. [More…]
Table 4.2 says that the work force in 1990-91 under the ‘innovative economy’ or the ‘Luddite economy’ will be identical- 7.9 million. [More…]
True, the value of consumption is predicted to fall from $52.6 billion in the innovative economy to $35.8 billion in the Luddite economy, a drop of 32 per cent identical to the predicted fall in labour needs from 1971-72 to 1990-91. [More…]
SNAPSHOT predicts that, compared to the ‘Luddite economy’ the ‘innovative economy’ would produce industry growth rates which were - [More…]
The South Australian economy was going backwards before the election last Saturday week. [More…]
It remains one of our highest priorities consistent with responsible handling of the economy. [More…]
The Government will continue to help to restore confidence in the investment sector of the economy. [More…]
It will continue to help to mend the damage that was done to the Australian economy by the former Labor Government. [More…]
In other words, the rate of increase in taxation beat every other country which has a market economy and for which taxation rates are measured. [More…]
We are concerned about ensuring that when members of the Opposition face inwards they fire the correct bullets with respect to an appropriate rate of taxation, show appropriate concern as to the main aggregates in the economy and, above all, do not repeat during the oil crisis of 1979 the kind of infamy that they repeated during the oil crisis of 1973. [More…]
We now know from bitter experience just how long it takes to get the economy back on an even keel when things go astray. [More…]
In an article in a German journal, the Weltwirtschagtliches entitled: ‘External Shocks and Stabilisation Policy in a Small Open Economy’, he said: [More…]
In terms of monetary policy, as far as Friedman and most of the respected monitorists are concerned, if there is a buildup of money in the economy, stability goes out the door and prices and wages increase. [More…]
There has been a return towards a more fundamental strength in the Australian economy. [More…]
Solid progress has been made by the Government in correcting the imbalances in the economy. [More…]
This delay in reflecting price increases of fuel in July and medical contributions in September, which could add between one to two points to the December CPI figure, could well give a false impression of the direction in which the economy is heading at that time. [More…]
I move on now to review the effect that this Government’s consistent budgetary policy of fighting inflation has had on the economy. [More…]
While success on the inflation side has been the more obvious, it is also clear that considerable progress has been made in righting a number of the other distortions in the economy. [More…]
However, it is worth noting that the statement goes on to say that as a result of our consistent economic policies, to correct the basic distortions which became apparent in the economy under the Whitlam Government there has been, quoting from the same page: . [More…]
Let me cite some figures to show how after five difficult years we are starting to restore the economy to the more successful pre-Whitlam days. [More…]
Another indicator which gives a hint of the view taken of the Australian economy by overseas investors is the inflow of foreign investment in enterprises in Australia. [More…]
In other words, the confidence that overseas investors expressed in the Australian economy following the introduction of this Government’s first Budget was overwhelming. [More…]
Clearly, overseas investors believe that Australia is handling its economy properly. [More…]
The general view overseas is that the outlook for the world economy is subdued and that we in Australia cannot expect to be completely immune from the consequences. [More…]
We can expect even worse results from the disease of deliberate contraction of the economy. [More…]
Has the Treasurer (Mr Howard) contracted Federal spending in August with a view to expanding the economy in May? [More…]
This strategy of contracting the economy now as a deliberate means of delaying economic expansion until next year means that the Government will coldly increase unemployment by 70,000 people to 100,000 people. [More…]
When the Whitlam Labor Government took office in 1972 it inherited from the McMahon Government a basically sound economy. [More…]
It has put the Australian economy in hock to overseas borrowings to the extent of almost $5,000m. [More…]
Please God that in another 15 months there will be a return to the Treasury benches of the real managers of the economy, the Labor Party. [More…]
The consequences of this for employment when the economy regains its feet are not necessarily encouraging. [More…]
Rather, I think that the facts point out that as a government we need to do substantially more than just repair the economy if we wish to re-establish a new measure of full employment for the nation. [More…]
The fact is that the News was reflecting the deep concern about South Australia’s regional economy felt by a majority of South Australians. [More…]
That reason is the failure of the Dunstan and Corcoran Governments over the years satisfactorily to manage South Australia’s economy. [More…]
It is only over the last couple of years that this mismanagement has bitten deeply in South Australia’s regional economy. [More…]
They know that it is an extremely important industry and they know it has an extreme multiplier effect on the economy. [More…]
It has no policy on the economy. [More…]
Apart from the odd comment about shorter working weeks, there is a prevailing sense of belief that there are enough 40-hour a week jobs in the community to accomodate a labour market when the economy picks up. [More…]
When one thinks of the amount of money that so many of those tourists do spend one can see the effect that it can have on our economy. [More…]
If some 20,000 or 30,000 Germans came into Australia for a week or two at a time, and each spent $136 a day, one can imagine just what effect that would have on our economy. [More…]
The Federal Government recognised the special difficulties that are faced in Tasmania by making specific allocations to help the economy and to develop the State. [More…]
That will be a major contribution to the Tasmanian economy. [More…]
These allocations to help the economy in Tasmania indicate a recognition by the Government of the needs of Tasmania and the preparedness of this Government to support that State. [More…]
That is what happens when the Liberals tinker with our economy for 3Vi years. [More…]
Thus cutting off the crumbs will not cure the ills of our economy especially when 10 per cent of our society, the most affluent, have control over 25 per cent to 36 per cent of total income. [More…]
I am pleased to give wholehearted support to the Federal Budget, for it is a balanced and reasonable document which shows the Government’s determination to proceed with policies which are succeeding in restoring a greater sense of equilibrium to the economy and removing the distortions which developed during the years of the Labor Administration. [More…]
This capacity to take a sound overall view of the economy is one of the great attributes of the present Government. [More…]
Far from providing long term employment for 50,000 young people, the detrimental impact of such a program on the Budget deficit and hence the economy would destroy far more jobs in the private sector than would be created in the public sector. [More…]
This Government is committed to making sure that the economy becomes more export oriented and is therefore changing assistance to industry on a rational basis so that Australian industry is viable and competitive in the long run. [More…]
Australian industry can never fulfil its full potential unless the economy is more open to the competition of world markets so that Australian industry can, in turn, reap the benefits of the economies of scale which production for world markets provides. [More…]
Happily, there is now a new climate in the South Australian economy thanks to the wisdom of the South Australian voters last Saturday week when they decisively rejected the Labor Government which had been in office for some years and which stultified development in that State. [More…]
It has an article entitled What’s Wrong with the World Economy? [More…]
Whatever the diagnoses- and throughout the world there are many different expert opinions- it is now painfully evident that the world economy has entered a long period of instability and inflation. [More…]
We have said that Budgets are to be used to stabilise the economy, to bring responsibility back into government. [More…]
We have said that employment, development of the country and the welfare of our citizens are important matters which must be seen within the context of the whole Australian economy. [More…]
There was sheer chaos as a result of the 1975 Budget despite the fact that the then Treasurer was desperately trying to bring the economy back into order following the two previous Budgets. [More…]
This is having a very heavy impact upon the Australian motorist, upon inflation, because the cost of fuel goes right through the economy, and particularly upon the rural community, which of course is subject to heavy fuel costs. [More…]
We can attack the deficit by getting our economy working up to capacity. [More…]
We can attack the deficit by getting our economy working up to capacity. [More…]
It is a Budget which, at a time when the economy is more slack than it has been at any time in the 1970s, is designed, if anything, to reduce economic activity, to reduce the level of activity. [More…]
It introduced a Budget which does nothing to resolve the fundamental immediate problem which the economy faces, that is the problem of a lack of domestic demand. [More…]
It is prepared to stand all of the costs, simply because it is determined to bear down on the economy. [More…]
So, in the Opposition’s view the Government’s policy is pushing the economy into what I have described as a recessionary vortex. [More…]
The means of doing that is to increase taxes, thereby forcing higher levels of taxation on the economy and on the people of Australia, and ensuring that we remain in the levels of substantial recession and high unemployment. [More…]
The very measures it has used to reduce the deficit have further recessed the economy. [More…]
However, the distinct possibility of a further unbudgeted increase in the crude oil levy, following any rise in prices by the Organisation of Petroleum Exporting Countries this year, will have an opposite offsetting effect on the deficit but only at a cost of further increasing the tax burden and further contracting the Australian economy. [More…]
In Opposition it made great political capital about the large deficit that occurred in 1 974-75 when recession hit the Australian economy. [More…]
In so doing, it is admitted by those who hold to this argument that the long accepted analysis from Keynesian economics that a deficit increase through reduced taxes or increased government expenditure would have stimulatory effects on the economy and conversely that a deficit reduction by tax rises or an expenditure cut would have contractionary effects on the economy. [More…]
Nevertheless the Keynesian argument is that doing that will have contractionary effects in the short term because we will take money out of the economy by reducing government expenditure or increasing taxes and this will tend to reduce economic activity. [More…]
What they try to sayunfortunately, time is running out on me- is that there is a whole array of expectations in the economy which will offset that recessionary Keynesian factor and bring about some form of stimulus. [More…]
There is no economic analysis, econometrics or any other form which I know of which supports that except very shaky assumptions related to the supposed expectations of business, consumers, wage earners and the economy generally. [More…]
So the method of funding of that fund is intimately related to what the economy can do between now and the end of the financial year or, more particularly, the time that the next Budget is brought down. [More…]
They are the matters on which the honourable member for Gellibrand spoke at such length, namely, the nature of the deficit to be made up of the credits and the debits ofthe three funds- the Consolidated Revenue Fund, the Loan Fund and the Trust Fund- as well as the conception of the interest rate structure in the Australian economy. [More…]
I am saying that a deficit has to be considered together with the other economic aggregates which are being measured and which are occurring in the economy. [More…]
The Opposition ought to consider this proposition: If a deficit is allowed to increase enormously at the same time as there is promoted a lack of confidence, at the same time as which productivity has become negative and at the same time as which there is an increase in inflation and a rise in interest rates, the circumstances of that deficit could be very damaging to the economy. [More…]
But Australia’s economy beat him because, of the nine types of economies which he was able to depict, Australia did not fit. [More…]
The Government does not say that; it says that it wants to have interest rates sufficiently low to enable a rate of growth of the economy that can be accommodated. [More…]
It knows and everybody knows that unless interest rates are brought down there will be no flexibility in what can be done with the economy. [More…]
Whatever a deficit is designed to do, it ought not to be negotiated in an economy which will destroy confidence and cause people to want to cash in their paper. [More…]
We are not able either to compartmentalise one part of the economy from another or to insulate one year from another. [More…]
If interest rates are permitted to increase in a lax and unstable economy, that is precisely what will happen. [More…]
The nature of the deficit to which the Bill is directed needs to be supported because it deals not only with the economy this year but also with the burdens which will lie upon the Australian people in the mid-1980s. [More…]
They know that the Budget is setting the trend further for the recovery of the Australian economy and for the boom that Mr Wran, the New South Wales Premier, has predicted for 1 980. [More…]
I wish to deal with four main headings: Firstly, the economy; secondly, social security; thirdly, defence and foreign affairs; and fourthly, the bitter alternative that would otherwise be provided by the Labor Party and that will be completely rejected by the Australia people. [More…]
The economy has shown dramatic improvement since the return of this Government to office at the end of 1975. [More…]
The great improvement in the economy can be seen in the increase in gross domestic product in the past year, the increase of more than 30 per cent in manufactured exports and the rural boom, which has provided tremendous gains for the economy generally. [More…]
As I have said, the Budget bears down on inflation despite those difficulties and in all the circumstances will provide for continued recovery of the Australian economy, which in turn will provide for ultimate reductions in the level of unemployment. [More…]
Private investment is essential for the welfare of the economy and the maintenance of full employment. [More…]
If there is to be any improvement in the economy of a State the policies of the Commonwealth Government are of paramount and critical concern. [More…]
I am glad to see that Mr Wran has paid recognition to the fact that the New South Wales economy is improving and that he has indicated satisfaction with the rate of progress. [More…]
One thing that this country has learnt is that real, lasting jobs will come out of private enterprise rather than public employment when we have a government which has an economic strategy which will overcome the fundamental difficulties in our economy. [More…]
But for all that the Opposition still completely fails to come to grips with the real problems facing the Australian economy and the problems associated with increasing job opportunities in this country. [More…]
Its approach to unemployment was the same as its approach to all other areas of the economy. [More…]
Its cost to revenue and its effect on the deficit would ensure that, even though it may provide a palliative for what he claimed to be 50,000 young people, far more jobs than that would be lost in the private sector through the program’s overall detrimental effect on the Australian economy. [More…]
That is highlighted by the approach it took to the economy at its Adelaide conference. [More…]
They can see the legitimacy of the legislation that is being enacted, they can see the direction that the economy is taking and they know full well that given the choice between the philosophies of the Liberal Party and those of the Labor Party, the Liberal Party philosophies are the only ones that will keep this country on the straight and narrow. [More…]
Time and time again the Government has tried to stand over the Conciliation and Arbitration Commission, make it a regulator of the economy, a scapegoat for the Government and a body which will carry out all the decisions imposed upon it by the Government’s philosophy when the Government does not have enough guts to carry them out itself. [More…]
The third major reason has been the complete inability of the Australian capitalist economy to implement technological change without corresponding massive unemployment. [More…]
The Australian Transport Advisory Council (ATAC) Committee on Motor Vehicle Emissions (COMVE) is studying the cost effectiveness and energy implications of reducing or eliminating lead in petrol, fuel economy, and vehicle emission control standards to assist the development of appropriate future policies. [More…]
Where are the decisions that have been so vital to the industrial welfare or the economy of this country which have so upset the Government that it has to introduce such a draconian measure? [More…]
He left the very clear impression in my mind that he sees the role of the Conciliation and Arbitration Commission as one of trying to rectify the mess that the Australian economy is in, but it is a mess which has been caused by other action of government. [More…]
As the honourable member for Burke (Mr Keith Johnson) pointed out, all this Government wants the Conciliation and Arbitration Commission to be is a regulator of the economy, a body to give effect to the policies and the economic philosophies of the Government. [More…]
Economy class- $2,222. [More…]
Economy excursionHigh season- $1,496. [More…]
The Government ignores the vital place the road industry has as a component of the national economy- the ability of road construction and maintenance to provide decentralised employment and to conserve scarce fuel resources. [More…]
Nor is it going towards improved roads which can simultaneously boost the economy, provide jobs and conserve fuel resources, and which were used by 95 per cent of workers surveyed by the NRMA as they travelled to work. [More…]
Australia’s road system is, then, of paramount importance to the national economy. [More…]
There can be no doubt about transport’s importance to the economy. [More…]
The development of adequate transport infrastructure is essential to the health and efficiency of the national economy and thus to the provision of employment for the Australian work force. [More…]
It must be recognised that certain road development schemes not only contribute to the overall well-being of the economy, and promote employment both directly and indirectly, but also have the ability to conserve scarce fuel resources. [More…]
In a draft discussion paper circulated by the New South Wales Urban Transport Study Group entitled ‘The Fuel Economy of Light Motor Vehicles in Sydney’, factors affecting fuel economy are dealt with in two categories, namely, vehicle characteristics and traffic and road characteristics. [More…]
Average traffic speed of a particular trip or for a particular section of roadway is seen as the single most important traffic variable affecting fuel economy of light motor vehicles. [More…]
All researchers concluded or assume that the single most important traffic variable for predicting fuel economy or fuel consumption is predominantly low speed urban traffic . [More…]
This explains 60 per cent to 70 per cent of the variation in fuel economy attributable to traffic and road characteristics. [More…]
ignores the urgent necessity to accelerate road construction and maintenance programs designed to improve the quality of the Australian road system as a vital component of the national economy; [More…]
Better economy, better roads and speedier construction would result from a separation of the construction work from the other duties of State authorities. [More…]
The health of the economy could not possibly be made worse by such a move but it could be made so much better. [More…]
In that regard, and in lots of others, we recognise by direct contact with local government the crucial role that local government contributes not only in its established spheres of administration but also in influencing the performance of the national economy. [More…]
The justification then was the parlous state of the rural economy. [More…]
We also believe that long term improvements to the standard of industrial relations must come from closer communication and consultation between employers and employees at all levels of our economy. [More…]
In this respect it is basic to the philosophy of the Government that as far as possible the economy operate according to market forces, and the type of detailed control envisaged by the report was totally unacceptable. [More…]
How many passengers were carried by Qantas on this route since February 1 979 and what percentage were (a) full first class fares, (b) full economy fares, (c) economy excursion fares, (d) APEX fares, and (e) F.O.C. [More…]
There is also the multiplier effect on the tourist industry and the effect that has on the north Queensland economy. [More…]
It is not argued that the procedural changes are required in order to achieve expedition and economy in the trial of issues. [More…]
Clearly, in Australia, under the Fraser Government, our aid performance has declined substantially, as has the overall health of the economy. [More…]
Mr Deputy Speaker, I hope that some of my remarks will bear fruit because they are very important to Australia’s economy. [More…]
The interesting point is that 64.3 per cent of these passengers were on advance purchase excursion fares and 29 per cent on excursion economy fares. [More…]
The demand for cheap fares is certainly there, with only 2.5 per cent on full first class fares and just 1.4 per cent on full economy fares. [More…]
The low usage of full first and full economy fares on those Qantas flights is interesting. [More…]
There is evidence that traffic, mostly business traffic, is being bled off especially from full economy fares. [More…]
No fewer than six carriers are offering a deal to full economy passengers in Melbourne. [More…]
That deal is that they can pay the full first class fare and receive a refund of the difference between the economy and first class fares eight weeks after they return to Australia. [More…]
This is happening when we in Australia are in fact talking of increasing full first class and full economy fares officially on Australian services. [More…]
Or do we just forget that full f are market and concentrate on our own services with their providing all economy charter, or charter type operations, and leaving the small full fare passenger markets to other carriers? [More…]
My own view is that increased immigration at this time would probably act as a valuable stimulus to the economy, yielding widespread benefits. [More…]
We can look at the age and skill mixes, which are so necessary in the development of the Australian economy. [More…]
On the other hand, in the administration of a sensibly controlled intake this Government has been able to accommodate the basic domestic constraints of the Australian economy, and at the same time sensibly meet the immediate family reunion requirements of our migrant population. [More…]
My own view is that increased immigration at this time would probably act as a valuable stimulus to the economy, yielding widespread benefits. [More…]
-I ask the Treasurer whether he has seen a recent study of the socalled black economy, that is, the world of cash and kind transactions used to avoid payment of income tax by means such as straight-out avoidance, gifts instead of payments, moonlighting and illegitimate deductions. [More…]
The largest group of these jobs has been in the ‘Information Sector* of the economy, broadly defined. [More…]
There is a sense that in the global economy the United States is head office. [More…]
The contemptible Treasurer (Mr Howard) gets up in this House and says that we have to have more unemployed for the next 12 months in order to solve the problems of this economy. [More…]
There is one national market, just as there is one national economy. [More…]
It is important to revitalise our economy in the capital market as we approach one of the most important periods of change in our history. [More…]
But since the so-called boom and the Rae Committee’s report, and during the dithering and delaying by the Government, other companies have gone to the wall, costing individual investors thousands of dollars and the economy millions of dollars. [More…]
I find them a helpful source of information about how the corporate sector is functioning and about how the economy of this country is performing. [More…]
They are quite prepared to see multinational companies dominate the economy. [More…]
Has a detailed study been made or commenced into desirable future fuel economy standards for new motor vehicles as recommended by the Council; if not, why not. [More…]
After discussions between Government and industry, it has been agreed to proceed immediately with a voluntary program of national fuel economy goals for passenger vehicles as recommended by NEAC The fuel economy targets require the weighted average fuel consumption on new passenger cars to be reduced from the present 1 1 litres/ 100 km by 1987 to 9 litres/100 km by 1983 and 8 litres/100 km by 1987. [More…]
a ) CES unemployment statistics cannot be regarded as a measure of the level of unused labour resources in the economy. [More…]
What the Government does not seem to realise is that the string of measures it is taking to reduce the deficit in fact is having the effect of increasing inflation, therefore increasing inflation expectations in the community and therefore making it less likely that we will break out of the inflationary or stagflationary bind in which the Government has so securely put the economy in the last few years. [More…]
If we accept the figures that the honourable member for Werriwa used- he said 2.25 per cent of the consumer price index this year would be attributable to oil, 1.5 per cent would be attributable to health and another 1.5 per cent attributable to other excise increases- there is a total of 5.25 per cent which is directly attributable to what the Government, through its policies, has put in place in this economy. [More…]
The Labor Party has brought nothing into this Parliament which in any way, shape or form over the last four years is going to do anything other than to boost the rate of inflation and destroy the economic recovery which this Government has set in train and which is having the effects that it is having on the economy today. [More…]
There is no doubt in anybody’s mind that our economy is on the road to recovery. [More…]
The Government must take enormous credit- it deserves enormous credit- for the way it has handled this economy and achieved the results that it has. [More…]
I am certain that an increased public capital works program can quickly generate additional activity in the economy. [More…]
I discussed at some length the effect upon Tasmania of the deliberate Commonwealth policy to curtail the financial influence of the public sector in the economy and to restrict the purchasing power of moneys available to the States. [More…]
The approach which would be far better in the nation’s long term interests would be to stimulate the economy through government activity, which might lead initially to some increase in the deficit but which would then steadily contribute to reduction in the deficit as the level of economic activity, and so taxable capacity, increased. [More…]
The employment statistics issued a couple of weeks ago are a foretaste, we believe, of what the two contractionary Budgets of this year will mean for the Australian economy. [More…]
If that leads to even lower payments the impact on the economy of the kind of measures we have seen so far will be accentuated even further. [More…]
Labor years of 1972-75, to spend more and more money without putting other components of a fairly fragile developing economy in Australia at risk. [More…]
When it is fitted into place with other measures managing the finances to be made available to the States, it shows how well the economy is being structured to bring this country back to economic strength. [More…]
This is indicative of overseas confidence in the strength and stability of the Australian economy. [More…]
Domestic investment is up and corporate profits have improved to encourage businesses to invest, to expand, and to create jobs in the economy. [More…]
That kind of attitude, which is becoming increasingly prevalent and dominant within this Government, may provide some short term benefits for the Australian economy and the Australian people. [More…]
This must be measured so that the Government takes a decision on a very major part of the Australian economy in the light of sound information. [More…]
The first of those economic realities of the present time is that the overall impact of the recent Federal Budget has been extremely beneficial so far as all aspects of the Australian economy are concerned. [More…]
In no area has the impact of the Federal Budget been more beneficial than in the area of the perceptions of investors, both in Australia and abroad, as to the future strength and vitality of the Australian economy. [More…]
As the Treasurer has just said, it is an indication of the recovery in the total Australian economy and is certainly a very important aspect of it. [More…]
It seems to me to be imperative, considering the makeup of our economy, that when we are dealing with manpower programs and trying to monitor the work force we involve the largest of the pressure groups exercising their rights in the economy. [More…]
In so doing, it is admitted by those who hold to this argument that the long-accepted analysis from Keynesian economics that a deficit increase through reduced taxes or increased government expenditure would have stimulatory effects on the economy is correct in the short run, and conversely that a deficit reduction by tax rises or an expenditure cut would have contractionary effects on the economy is also correct in the short run. [More…]
Such a proposition sits oddly with the fact that while the Fraser Government has been in office deficits have been higher than was the case under the Labor Government but private investment expenditure has been one of the few bullish points of the economy. [More…]
It is part of the answer to the problem, but the main part of the answer and the main item of economic management that will reduce unemployment is a sound economy. [More…]
We have provided the basis for a sound economy. [More…]
In itself that can only increase the size of the Public Service, increase the burden on the taxpayer, reduce investment, reduce confidence in the economy, and, once again, only create a situation where unemployment will increase. [More…]
We have been able to manage the economy sensibly and at the same time we have been able to get efficiency in our expenditure and maintain generosity in those areas where expenditure is essential. [More…]
He obviously does not realise that inflation is a factor that destroys the economy. [More…]
I want to take this opportunity, in speaking to the estimates for the Department of Industry and Commerce, to point to what the Government has done to foster the development of the manufacturing industry, which is a major creator of jobs in the Australian economy. [More…]
All this, despite the need for Budget restraint, is evidence of the Government’s firm commitment to an industry policy aimed at providing a sound basis for industry growth and development, and thus the provision of expanding numbers of meaningful and soundly-based job opportunities for Australians in this great sector of the economy. [More…]
The position today is that the competitiveness of the Australian economy has been restored to the level of 10 years ago or better. [More…]
Secondly, reductions in protection associated with this policy thrust will be phased in gradually over time in accordance with the capacity of industry and the economy to adjust and to accommodate to the economic and social consequences. [More…]
Reviews of economy and efficiency are undertaken by units within departments and more recently through the Audit Amendment Bill of 1978 the role of the Auditor-General has been extended to cover efficiency audits. [More…]
In contrast to developments which have occurred in relation to economy and efficiency, the House of Representatives Committee on Expenditure is the only parliamentary committee that evaluates the effectiveness of programs. [More…]
The Auditor-General said program information would ‘assist any evaluation by my office of the level of economy and efficiency achieved by the organisation.’ [More…]
We have a mixed economy and it is a question of how much we tinker with it. [More…]
Nobody is going to deny that these people are going to be a help to the economy because obviously they are going to eat food, drink particular beverages, go on tours and buy souvenirs. [More…]
It is quite openly touted in Melbourne at the moment that if one pays for a full first class ticket, eight weeks after returning to Australia one gets a refund of the difference between the economy fare and the first class fare. [More…]
This fare provides 30 per cent discount on the round economy fare for travel over domestic sectors and can be booked inside and outside Australia. [More…]
In recording our sadness at the manner of the late President’s death we also feel a need to observe that perhaps the new government might find it timely to initiate a program aimed at establishing broadly and comprehensively the democratic rights of the people ofKorea including the basic rights of the members of its National Assembly under a new constitution to reinforce the impressive material gains which have been made in its economy. [More…]
He may rest assured that the Government has been following very carefully the effect on the Australian economy of the increase in interest rates in the United States of America. [More…]
If it does not cook the Australian economy it will cook the hide of practically every person in this country. [More…]
For example, economically Queensland is not totally agricultural or primary industrial, nor is the economy of New South Wales totally based on manufacturing. [More…]
The only way Australia can organise its defence, manage its economy and conduct its trade, is at the national level through the national government. [More…]
When we talk of the enormous burst of prosperity in Queensland, Western Australia and to a lesser extent the Northern Territory, where uranium and other projects have been boosted to the skies as the great saviours of our economy, I think that we ought to look a little further ahead and ask ourselves what will be the eventual outcome of this sort of emphasis, this sort of stress. [More…]
I stress that, viewed from the overall responsibility of the Commonwealth Government to maintain a stable national economy, the States have been well treated financially by the Commonwealth Government. [More…]
It smacks of a further grab by a government desperate to extract what it can from the transport sector to fund the Budget deficit, regardless of the long term cost to the Australian economy, the impact on the general aviation industry or the price of air transport services to consumers. [More…]
He told us that on the Sydney-Perth route the increase in air navigation charges on a one-way economy fare would be $2.45, that on the Melbourne-Hobart route it would be 60c and that on the CanberraSydney route it would be 33c. [More…]
Transport is the sector of the economy most vulnerable to sudden disruptions in oil supplies and the Department of Transport’s role is to assess the impact of such disruptions. [More…]
I believe that the consequences of the decision will be beneficial not only in relation to the United Kingdom economy but also, more particularly, in relation to the level of British investment in Australia. [More…]
An area of concern which was expressed to us during our discussions with members of the Organisation for Economic Co-operation and Development was the development of the world economy over the next five years. [More…]
I do not think that it is the fault of the economy. [More…]
Any economy that is able to produce $14’A billion worth of transfer payments is healthy and strong. [More…]
Emphasis on supply means that society is likely to continue developing an economy and lifestyle dependent on an eroding, non-renewable resource base. [More…]
Increased efficiency in energy use can also be brought about in the industrial sector of the economy. [More…]
The Organisation for Economic Co-operation and Development, the European Economic Community and the Council of Europe have all recently been involved in extensive examinations of the role of transnational and multinational companies and the effect that they have in the European economy. [More…]
The point that I am endeavouring to make is that it is important for this Government, as it has been important for the United States Congress and every other country with a Western-based capitalist economy, to monitor what is occurring within the framework of the economy and to understand the role that transnational corporations can play. [More…]
This Government is playing the role of an economic quisling when it is not prepared to face up to the fact that our economy is increasingly being dominated by large overseas multinational companies. [More…]
This is serious because Australia now is only second to Canada as to the extent to which a nation’s economy, industry and finance sectors are controlled by persons whose only responsibilities are to their company structure and their desire to make profits. [More…]
The third table goes into greater detail as to the estimates of foreign ownership and control of the major sectors of our economy. [More…]
Honourable members opposite might disagree philosophically as to the role that transnational corporations play and can play not only in the world economy but also in our own economy. [More…]
I conclude my remarks by saying that it is absolutely imperative, if proper debate is to take place in Australian society about the control of our own economy, that all the information be available to those citizens and those parliaments which want to participate in that debate. [More…]
Does the Labor Party wish to go back to the situation that it created originally that caused much difficulty in budgetary terms and also to the whole economy? [More…]
The changes made to the system have been designed in a most responsible manner and with the extent of responsibility which this Government has shown to the taxpayers of this nation in its attempt to try to get the economy back on a sound foundation. [More…]
As an early step the Government agreed to the establishment of the House of Representatives Standing Committee on Expenditure on 29 April 1976 in response to the need for a greater in-depth examination of public expenditure in relation to effectiveness and economy in the delivery of given Government policy. [More…]
Such is the importance of the industry to the national economy that this can only be to the benefit of Australia as a whole. [More…]
Of course, the only thing it did in three years was destroy the economy of this country, create the greatest inflation of all time, lift unemployment to a level that had never been reached up to that time and created a five per cent increase in unemployment. [More…]
He said that it happened in that period because tax avoidance went unchecked it became a disease, a sort of madness which gripped the Australian economy. [More…]
Its continuing attempts to reduce the deficit, quite unsuccessfully so far, by increasing taxes simply depressed the Australian economy, thereby causing the deficit to blow out again through the resulting loss of tax revenue and more persons needing to claim unemployment benefit. [More…]
There are other encouraging signs in the economy, particularly from the buoyant rural sector. [More…]
In relation to issues of national importance such as the national economy, public order or the essentials of life before, for example, the Conciliation and Arbitration Commission, the rule is that these matters may be referred to unless such references would constitute a. real and substantial danger of prejudice to the proceedings. [More…]
The example which you gave, Mr Speaker, earlier this day with regard to an issue of national importance such as the national economy, public order and the essentials of life- by way of example I recall that you referred to the Conciliation and Arbitration Commission- which matters may be referred to unless such references would substitute a real and substantial danger of prejudice to the proceedings. [More…]
I conceded that the letter was a piece of special pleading but pointed out that the Australian Financial Review had completely ignored the 20 or so speeches I had made in this House on the subject of post-industrialism and the post-service economy, numerous papers for seminars and my 64-page submission to the Myers Committee of Inquiry into Technological Change in Australia- CITCA- which was the only one made by any of Australia’s 796 members of parliament. [More…]
There are many major industries which control, plan, manage and administer our economy and prices that are in the so-called private sector and in many cases beyond the reach of governments- even the biggest governments- in the world because they are capable of moving their resources and pricing across legislative borders. [More…]
Without doubt, the wheat industry has a large scale impact on the Australian economy and on the country’s social fabric. [More…]
Such proposals are considered in the light of their expected benefits to the Australian economy and having regard to the level of Australian participation in ownership and control of the business. [More…]
It is clear that if change is to occur it will have to be absorbed in a manner which will avoid any sudden dislocations in the economy. [More…]
The fact is that we lack any systematic overall evaluation of the impact of transport costs on the Australian economy. [More…]
Where it has been possible, the Government has taken steps to ensure that goods and people are moved in the most effective way, providing that this is also the way that most benefits the economy and the community. [More…]
The manufacturing sector of the Australian economy must also contain some of the new jobs which are required if we are to return to anywhere near the unemployment levels that this country should have. [More…]
Now my own basic premises on these matters are that the Australian economy will derive its strength in the future- as it has in the past- from its ability to trade with the rest of the world. [More…]
The objectives should be an economy more responsive to world market signals and capable of achieving catch-up growth to bring it back into line with other developed countries. [More…]
The Government must take a less interventionist role in the Australian economy, allowing it to operate more according to the free market. [More…]
Another explanation for poor productivity performance is that inputs of two factors of production- labour and capital- increased too rapidly for a small and growing economy to raise productivity measures, such as output per man, other than slowly. [More…]
Other reasons could be advanced such as ineffective managerial performance, opposition to change from the trade union movement, insular attitudes which resulted in insufficient consideration of the potential benefits of economy of scale arising from exports, and a lack of adaptability to change. [More…]
The creation of protective structures around sections of the Australian economy seems both to have resulted from and to have exacerbated these tendencies. [More…]
The result for the economy as a whole has been a continuing reliance on mining and agricultural exports and a stagnation of the share of manufacturing exports in total. [More…]
Domestic savings, together with overseas borrowings and equity investment, should provide the capital necessary to finance development of resources and of high growth in the economy generally. [More…]
As an economy measure during the Depression years the government of the day decided that it would abolish the Public Accounts Committee, and the Public Accounts Committee Act was repealed. [More…]
If some of the younger members of the Parliament really want to learn how the economy of the country functions and want to learn about the expenditure of the Public Service- which in a lot of cases is misspent- they could do no great harm to their careers by serving on the Joint Committee of Public Accounts. [More…]
I would now like to turn to the proposed new takeover code and its relationship to the existing law and to the role of takeovers in the Australian economy. [More…]
Role of Takeovers in the Australian Economy [More…]
I would also add that in a free enterprise economy such as ours takeovers can play a very important role in the efficient allocation of resources. [More…]
While they may benefit the short term interests of particular parties, they certainly are not to the long term benefit of the securities market or the total economy. [More…]
I refer the Minister for Industry and Commerce to his Department’s publication on major manufacturing and mining investment projects which he claims will have significant employment generating effects on the Australian economy. [More…]
Of course, the honourable gentleman is characteristically negative, is nitpicking and is not prepared to recognise the realities of life; that is, that this economy is now taking off and the manufacturing sector has considerably greater enthusiasm and confidence than it ever had under his regime. [More…]
Is it a fact that millions of dollars are lost each year to the revenue because of tax avoidance by means of the cash economy; that is, payments made in cash, not recorded, and of which there are no written records for tax purposes? [More…]
But more specifically, the honourable member for Higgins asked me about the cash economy. [More…]
I have no doubt that significant amounts of tax are evaded, as distinct from being avoided, through the cash economy; simply through people either deliberately understating their incomes or, separately, through people not disclosing any income at all. [More…]
-The Opposition brings this matter before the House because it is acutely concerned that current government policies are likely to intensify greatly stagflationary influences in the Australian economy. [More…]
The current stance of budgetary and monetary policies is stagflationary- for the benefit of the Minister for Home Affairs (Mr Ellicott) who is at the table that means policies which are both inflationary and contractionary and which lead to economic stagflation- not only in the purely domestic economy context but also in the context that increasing world stagflation will greatly exacerbate the inevitable effects of those policies on the Australian economy. [More…]
His not impossible average price for 1980 is $US35 a barrel, which would mean almost a doubling of current Saudi Arabian prices, and therefore virtually a doubling of Australian crude oil prices, with enormous inflationary and contractionary effects on the Australian economy under this Government’s policies. [More…]
That of course would have massive recessionary effects on the economy. [More…]
So this Government’s policies and the policies of its advisers are quite clearly to feed massive inflation and recession into this economy in a quite unnecessary way. [More…]
Government wanted to plan the economy and force down the market price. [More…]
I reiterate that if we do have a thing called stagflation which, I must say, we are starting to move out of, it was a new trick in the Australian economy and the new trick was performed by the Whitlam Government. [More…]
Given an economy where market forces in some measure are allowed to act and given an economy where taxation is at reasonable levels, people will go out to find answers to the problems that they presently expect the Government to correct for them. [More…]
We must remember that that deficit situation has created many traumatic side effects in our economy, not just interest rates, but also a long term debt with which my children might be saddled unless we can have a long term continuation of sensible government. [More…]
This Government recognises that inflation is not particularly important of itself, but it is important because of the flowthrough to all people in the economy, the flowthrough effects on the confidence of the economy, and the flow-through to the working people and the old people. [More…]
I am not sure that the Labor Party knows what it thinks about the economy. [More…]
That is the result of the Australian people electing our sort of government, because our sort of government knows the results of having a badly run economy. [More…]
-It is a great commentary on the Government that in a major debate on the economy it puts up someone with such a deplorable understanding of the economy as the honourable member for EdenMonaro (Mr Sainsbury). [More…]
Are the conditions of this economy such that we should be running an enormous surplus in the Budget? [More…]
The reason we said that this Budget would have a contractionary effect on the economy was, taking it on one basis, that the Budget was taking more money out of the economy than it was putting back. [More…]
We cannot insulate ourselves entirely from these, but increased interest rates will have the effect of contributing to a further depression in the Australian economy. [More…]
The economy is truly sick. [More…]
However, the recovery of the economy seems to be even more intractable and illusory than it is in the case of that gentleman. [More…]
The problem is that the economy is not even getting the appropriate treatment. [More…]
But the people in charge of the treatment of the illnesses of the economy suffer from both incompetence and ideological obsessions which frustrate the necessary cures. [More…]
It seems to proceed on the basis that the less action government takes, the more minimal its intervention, the better the economy will be. [More…]
If I were to deal point by point with the Opposition’s exercise in economy walloping I would be here all night. [More…]
I would have no time left to challenge, as I want to, the very word ‘stagflation’ as a description of the state of the Australian economy, let alone its ‘intensification’. [More…]
The honourable member for Fremantle (Mr Dawkins) just said that the economy is sick, he wants to convey that economic activity is at a low ebb; production and employment is stagnating and standing still at a low level and all this accompanied by high and rising inflation. [More…]
If that is what ‘stagflation’ is supposed to convey then that does not describe the Australian economy today. [More…]
But it is symptomatic of a good deal of loose talk about recession and stagflation among media commentators for example, used almost as a throwaway line, but still serving to spread a false view of the Australian economy. [More…]
Nevertheless, I put it to the House and the Australian people that the Australian economy is performing pretty strongly. [More…]
There has been a return to fundamental strength especially the international competitiveness of the Australian economy, which is now more than comparable to the position 10 years ago. [More…]
Over recent years there has been a veritable ferment of investment in this allegedly stagnant economy. [More…]
On the contrary, it has gone up very significantly- and employment with it- in all sectors of the economy, including manufacturing and other sectors, except perhaps the construction sector. [More…]
Is this a picture of a stagnating economy? [More…]
In this respect what needs to be underlined is what the Government has done to restore the international competitiveness of the Australian economy which was totally undermined by the former Government. [More…]
The fact is that today the competitiveness of the Australian economy has been restored to a similar or better level than that of 10 years ago. [More…]
In pointing to the fundamental strength and the high level of activity in the Australian economy, I do not want to be understood as saying that the Government is not faced with formidable problems in the economic policy area. [More…]
The next difficulty I would mention is the international outlook, particularly the outlook in the world’s most significant economy, the United States, where production is declining, where in the six months to September inflation was at the level of 14 per cent and where interest rates are currently 15 per cent and higher. [More…]
Passengers on domestic airlines may upgrade their tickets to economy class and undertake travel at some later time. [More…]
The possible deferral of the plutonium economy was one of the considerations of the Government in reaching its decision to allow the further development of Australia’s uranium resources. [More…]
That is the real inadequacy of the situation in our economy today. [More…]
What was the passenger load factor achieved by (a) Trans Australia Airlines, ( b) East West Airlines and (c) Ansett Airlines for (i) first class seats and (ii) economy seats in each year from 1974-75 to 1978-79 and the period 1 July 1979 to date. [More…]
Passenger load factors for first and economy class are not collected separately by the Department of Transport, and East West Airlines operate only single class services. [More…]
The complexity of the interaction between the budget and the economy necessarily renders inadequate any individual summary measure of the stance of the budget. [More…]
Has his attention been drawn to comments of the Australian Mining Industry Council that due to a sharp decline in world demand for uranium and the discovery of major uranium reserves abroad, the estimates of the volume and price of uranium sales contained in the Fox Report are a serious over-estimation of the current probabilities; if so, and in view of the major uncertainties in the uranium market and the unresolved questions concerning the impact of uranium mining on the Australian economy, will he formulate a paper on the economic aspects of uranium mining for debate by the House. [More…]
The state of the economy today proves that no matter if they spent only $7. [More…]
-The Deputy Leader of the Opposition has taken steps to initiate a debate on the economy immediately after question time. [More…]