Australia: Staff Report for the 2003 Article IV Consultation

October 29, 2003

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Format: Chicago

Australia: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

Australia's economy has continued to perform remarkably well, despite encountering major adverse shocks. Fiscal policy, with an objective of maintaining a balanced budget, will help support the economy. Maintaining a sound and stable macroeconomic environment is essential. Reforms of the personal income tax system are critical elements. A comprehensive reform of the complex system of income support payments would provide stronger incentives for labor force participation. Maintenance of competitive product markets will contribute to faster innovation and productivity and income growth. The financial system is sound.

Subject: Consumption, Housing, Housing prices, Income, National accounts, Personal income tax, Prices, Taxes

Keywords: Appreciation, Cash payment, Consumption, Core CPI, CR, Global, Growth, Housing, Housing market, Housing price, Housing prices, Income, Institution, ISCR, Loan portfolio, Net export, Personal income tax

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/337
Stock No:

1AUSEA0022003
ISBN:

9781451802054
ISSN:

1934-7685

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