Update on the Federal Government’s assistance to industry
Mon, 11 October 2010
In its latest update, the Productivity Commission discusses the recently released Trade and Assistance Review 2008-09, which contains the latest estimates of the Australian Government’s assistance to industry.
The Productivity Commission is required to report annually on industry assistance and its effects on the economy.
In its September update it discusses the findings of the latest review, which was released in June 2010.
For 2008-09, total measured assistance to industry was $17.2 billion in gross terms – comprising $9.5 billion in output tariff assistance, $3.7 billion of budgetary outlays and $4.0 billion in estimated tax concessions. The cost impost on industry of import tariffs amounted to $8.1 billion.
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