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Thursday, 11 November 1976
Page: 2668

Mr E G Whitlam (WERRIWA, NEW SOUTH WALES) am asked the Minister for Foreign Affairs, upon notice:

(1)   What percentage of gross national product would Australia have spent on overseas aid in 1975-76 if the 1975 Budget allocation had not been reduced in accordance with the Minister's announcement of 4 February 1976 (Hansard, ' 7 September 1976, page 775).

(2)   What percentage of the estimated gross national product in 1 976-77 does the 1 976 Budget allocation for overseas aid represent.

Mr Peacock -The answer to the honourable member's question is as follows:

(1)   Actual expenditure on overseas aid in 1975-76 was $346.9m representing 0.50 per cent of GNP. If the reductions and deferments amounting to $2 1 . 54m announced on 4 February 1976 had been expended the figure would have been 0.53 percent.

(2)   0.49.

Loss of Productivity as a Result of Strikes (Question No. 1207)

Mr Neil asked the Minister for Employment and Industrial Relations, upon notice:

What was the estimated monetary value of the cost to the Australian economy of the loss of productivity caused by strikes in each of the last 3 statistical years?

Mr Street - The answer to the honourable member 's question is as follows:

No statistical data is available on the economic cost of strikes. In the last three calendar years the following estimates by the Australian Bureau of Statistics are relevant:

The above figures indicate that the absolute cost of strikes to the Australian economy is significant but there are many difficulties associated with making an accurate estimate of this cost. I understand that no overseas countries produce such statistics.

My Department will examine the feasibility of making available in the future some form of estimate of the economic cost of industrial disputes.

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