Federal Budget 2014
NAB Chief Economist Alan Oster has described the 2014 Federal Budget as one that puts a large focus on medium term sustainability, and aims to make room for a large set of upcoming outlays in disability services, education and paid parental leave while helping to repair the fiscal situation.
Alan points to economic risks because the domestic economy is still fragile, but notes the adjustment process is firm but not unprecedented, with the adjustment under the Howard Government in the mid 1990s more aggressive.
Alan Oster’s Federal Budget Snapshot:
Full and in-depth analysis of what the budget means for our customers is available at our NAB Research & Insights page.