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Tuesday, 19 August 1980
Page: 67

TABLE OF CONTENTS

Page

Part I Review of Economic Developments in 1 979-80 -

Introduction................... 68

Demand and Output................ 69

Labour Market.................. 77

Prices..................... 81

Incomes.................... 83

Fiscal Conditions................. 89

Monetary Conditions................. 91

Balance of Payments................ 100

World Economic Developments............. 104

Part II Policy Options and the Budget Strategy

Background................... 10^

The Task Ahead.................. 110

Part III The Economic Outlook, 1 980-8 1 -

Budget Parameters................. 113

Forecasting Assumptions............... 114

Expenditures................... 115

Balance of Payments................ 120

Monetary Conditions................ 121

Product..................... 122

Labour Market.................. 122

Incomes and Prices................. 123

Overview.................... 1 24

STATEMENT No. 2- THE BUDGET AND THE ECONOMY

This Statement outlines recent and prospective trends in the Australian economy and the international scene. Part I examines developments in 1979-80. Part II considers available policy options and discusses the Budget strategy. Economic prospects for 1980-81 as they now appear are assessed in Part III.







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