The Committee for Economic Development of Australia (CEDA) has released the report, ‘Sustainable budgets: underwriting Australia’s social compact’. The report aims to identify options that can help deliver long term equitable and sustainable federal budgets while also increasing transparency, and therefore community trust, in the federal budget process.

The report explores:

  • Why budget repair still matters;
  • Australia’s long-term budget position;
  • Where spending can be constrained or better targeted; and
  • Ways to rebalance the tax burden to achieve long-term budget balance and maintain Australia’s social compact. This includes reining in tax concessions to begin to broaden Australia’s tax base.

(Source: CEDA | Read the report)

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