Australian Government, 2008-09 Budget

The Rudd Government's $42 billion Nation Building and Jobs Plan is carefully designed to support jobs and invest in the schools, homes, roads, communities and energy efficiency we need for future growth.

Updated Economic and Fiscal Outlook

Treasurer's Fact Sheets

Treasurer's Media Releases

  • The global recession has impacted on Australian growth, employment and the Budget, withdrawing $75b in revenue since November and causing us to follow other advanced economies into a temporary deficit
  • While there will be no quick fix, the Government's response strikes a responsible balance between supporting jobs now and investing in future growth and prosperity
  • The initiatives in the $42b Nation Building and Jobs Plan are expected to support and maintain up to 90,000 jobs and lift GDP growth by around 0.5 percent in 2008-09 and 0.75 to 1 percent in 2009-10