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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

The right time for business to invest

We are creating the right environment at the right time to invest

Australia has now experienced almost a quarter century of continuous economic growth.

The resources boom lifted growth in living standards. Average income levels have risen from around $40,500 (in today's dollars) in the early 1990s to around $66,400 today.

The outlook for the Australian economy remains positive. Ours is one of the fastest growing economies in the developed world. The fundamentals are solid with a lower exchange rate, lower petrol and electricity prices and rising household wealth.

The economic strength of Asia and ever-growing integration of the global economy present exciting opportunities for Australian businesses. These future growth opportunities are boosted by our recent historic Free Trade Agreements with Japan, Korea and China, all creating new markets for Australian businesses.

The Government knows that now is the right time for business and Government to invest in Australia's future. Australians have to be positioned to take advantage of these opportunities.

We know from the Intergenerational Report that future growth in living standards must be driven by higher levels of Australian productivity right across our nation.

With record low interest rates, we have monetary and fiscal policy working together to support and strengthen economic growth.

The Government's Jobs and Small Business package will create the right conditions for Australian small businesses to thrive and grow. It will help employers create new jobs and assist Australia's unemployed to access these jobs.

Now is the right time for small businesses to invest in growth and jobs

Lower petrol and electricity prices; New Free Trade Agreements; Record low interest rates; Lower exchange rate; Growing Asian economies