Close

Search

NAB’s Alan Oster previews the 2021 Federal Budget

By efront
  • Updated
    04.11.2021
  • First Published 10.05.2021
Share

Share

In a special podcast, NAB Chief Economist Alan Oster spoke with colleague and fellow economist Phin Ziebell about what we might see in Tuesday night’s Federal Budget.

Mr Oster said that in addition to the already announced measures like changes to the childcare subsidy and $10 billion in additional spending on road and rail, he expects to see further support for business investment as well as funding to support the government’s ambition to drive unemployment below 5 per cent.

He also predicted Australia’s GDP to return to 1 per cent growth to the year ending June this year, describing this as “amazing”, given his previous expectations that it would contract by 2 per cent. NAB Economics expects GDP to grow by 4.2 per cent in 2021/22 and 2.5 per cent in 2022/23.

Mr Oster also discussed the latest NAB Monthly Business Survey, which was released on Monday May 10 and is one of the strongest surveys in recent memory.

You can listen to the conversation here: Alan Oster’s 2021 Federal Budget Preview by NAB Economics | Free Listening on SoundCloud

Topics

SEE ALL TOPICS

Related Articles

  • Media Release

Rate cuts bring relief as stress levels drop

Consumer stress has dropped to a two-year low, with Aussies saving an average of $4860 a year thanks to rate cuts and smarter spending. NAB Consumer Sentiment Survey shows that optimism is growing as households feel financial relief and plan ahead.

  • 03.07.2025
  • Time to read 1 min read

NAB ARTICLE

  • Cyber Security

Explainer: What is Confirmation of Payee?

Learn more about how Confirmation of Payee is being rolled out help tackle scams and reduce misdirected payments.

  • 02.07.2025
  • Time to read 2 min read
  • Scams

NAB welcomes Confirmation of Payee

NAB has today welcomed the launch of the banking industry’s new Confirmation of Payee system to help tackle scams.

  • 02.07.2025
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.