Thursday, March 3, 2016

Abbott Government has curtailed Government expenditure growth: Growth over time period = 1.52% p.a

Tony Abbott's government gets a bad wrap, but he was able to cut spending quite dramatically over the time he was in office.


Before he was in, the Government spending growth under Gillard and later Rudd, was running at 2.9% p.a


After the election in 2013, this has dropped back to 1.52% to September Quarter 2015 (if you add on the Turnbull period, we are at 1.71% p.a)


Not bad.



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