It is amid fears of a global recession that Federal Treasurer Jim Chalmers will deliver his first budget on 25 October.
The International Monetary Fund (IMF) has forecast four in 10 economies will likely suffer a recession over the coming 12 months.
It also downgraded its expectations for Australia’s economy, tipping it to grow by 1.9 per cent, with average inflation at 4.8 per cent through 2023.
In April, the IMF forecast 2.5 per cent growth with inflation at 2.7 per cent.
Jim Chalmers has said Australia is in a strong position to defy a local recession but acknowledged global economic conditions would have an impact on Australia’s GDP and unemployment forecasts.
What will this mean for cost of living, income tax, wages, national debt, and government services?
UQ has a wide range of experts who can answer those questions, as well as provide context and budget analysis.
Professor John Quiggin, School of Economics, Faculty of Business, Economics and Law
Expertise: Professor Quiggin will consider how the government changes (or doesn’t change) the Stage 3 tax cuts, and the long-term implications for the budget.
Contact: j.quiggin@uq.edu.au, +61 (0)7 3346 9646, +61 (0)400 747165.
Professor Paul Henman, School of Social Science, Faculty of Humanities and Social Science
Expertise: Professor Henman can talk about policy areas related to welfare, unemployment, and the cost of raising children. He also has expertise in income tax, as it relates to wellbeing and inequality, as well as the government use of digital technology in automated decision making or artificial intelligence.
Contact: p.henman@uq.edu.au, +61 (0)7 3365 2383, +61 (0)402 734 218.
Dr Andrea La Nauze, School of Economics, Faculty of Business, Economics and Law
Expertise: Dr La Nauze is an expert in environmental economics and can comment on issues such as carbon pricing, power prices and household behaviour, as well as subsidies for ‘green’ energy, like solar panels and electric vehicles.
Contact: a.lanauze@uq.edu.au.
Associate Professor Matt McDonald, School of Political Science and International Studies, Faculty of Humanities and Social Sciences
Expertise: Dr McDonald has expertise in Australian foreign and security policy, along with Australian climate policy.
Contact: matt.mcdonald@uq.edu.au, +61 (0)7 3365 3042, +61 (0)451 302 030.
Professor Martie-Louise Verreynne, UQ Business School, Faculty of Business, Economics and Law
Expertise: Professor Verreynne is an expert in small business management and policy, as well as innovation policy and research translation.
Contact: m.vereyenne@business.uq.edu.au, +61 (0)7 3345 3320, +61 (0)439 531 199.
Emeritus Professor John Mangan, UQ Business School, Faculty of Business, Economics and Law
Expertise: Professor Mangan is an expert in labour markets, economic modelling and sports economics, as well as taxation policy, the economics of climate change, water and economics and economic growth.
Contact: jmangan@bel.uq.edu.au, +61 (0)434 367 480.
Associate Professor Gabby Walters,UQ Business School, Faculty of Business, Economics and Law
Expertise: Dr Walters is an expert in crisis management in the tourism industry. She has a background in tourism marketing with an emphasis on consumer psychology, as well as image and reputation management.
Contact: g.walters@uq.edu.au, +61 (0)402 085 497.
Dr Adam Hannah, School of Political Science and International Studies, Faculty of Humanities and Social Sciences
Expertise: Dr Hannah is an expert on the politics of health and social policy, especially access to and funding of health systems and pensions and social security payments. In relation to this year’s budget, he can comment on Hospital and Medicare funding Private health insurance Pensions and superannuation Income support (Jobseeker).
Contact: a.hannah@uq.edu.au, +61 (0)432 550 633
Professor Saphira Rekker, UQ Business School, Faculty of Business, Economics and Law
Expertise: Professor Saphira Rekker is an expert in sustainable finance. She can comment on carbon reduction schemes as they relate to the Australian business sector.
Contact: s.rekker@business.uq.edu.au, +61 3443 1222, +61(0)406 883 298
Media: UQ communications, communications@uq.edu.au, +61 (0)429 056 139
