The pandemic has radically transformed Australia's fiscal outlook. What will the budget include in this election year and how will it impact the economy, different socio-economic groups, and different business sector risks?
Mark Thirlwell MAICD
Chief Economist, Australian Institute of Company Directors
Mark’s prior experience includes five years as Chief Economist for Austrade, most recently as Head of Research overseeing a team delivering research and analysis of Australia’s international trade and investment profile, including Tourism Research Australia. Before joining Austrade, Mark spent ten years as the inaugural Director of the Lowy Institute’s International Economy Program. He started his career as an economist at the Bank of England and subsequently held senior economist positions with J P Morgan and EFIC. Mark holds economics degrees from Oxford and Cambridge universities and a qualification in Applied Finance from Macquarie university.
Budget 2022 is an election year budget and as such offers the incumbents a last chance to shape the economic narrative before the country goes to the polls. It will also be a budget simultaneously marked by the scars of the pandemic and boosted by a stronger-than-expected recovery. Join AICD Chief Economist Mark Thirlwell for an assessment of how well Budget 2022 balances set in a medium-term fiscal backdrop with competing priorities outlining:
- The gaps between expenditures and revenues
- Growing demands from defence and national security, aged care and the NDIS
- An increasingly constrained taxation system