Printed and authorised by Brian Loughnane, Federal Director, Liberal Party of Australia. Cnr Blackall & Macquarie Streets, Barton, ACT 2600. April 2013.

Australia’s better off under the Liberals.

Howard Government

Rudd/GillardGovernment

Howard Government

Rudd/GillardGovernment

Commonwealth Budget Balance

$19.8 billionsurplus(2007-08)

$43.4 billiondeficit(2011-12)

Average Annual GDP Growth

3.7%(Mar qtr 1996 to

Dec qtr 2007)

2.3%(Dec qtr 2007 to

Dec qtr 2012)

Average Commonwealth Budget Balance

$8.1 billionsurplus

(1996-97 – 2007-08)

$43.1 billiondeficit

(2008-09 – 2011-12) Average Annual Inflation

2.6% (March qtr 1996 to

Dec qtr 2007)

2.8%(March qtr 2008 to

Dec qtr 2012)

Net Government Debt$44.8 billion

in the black(2007-08)

$147.3 billionnet debt(2011-12)

Working Days Lost to Industrial Disputes

49,700 (2007)

273,200(2012)

Net Debt as a % of GDP

3.8%in the black

(2007-08)

10%in the red

(2011-12)

Average Standard Variable Mortgage Rate

7.26%(Mar 96 – Nov 07)

7.37%(Dec 07 – Feb 13)

Net Government Interest Payments

$1.02 billionin earnings

(2007-08)

$6.6 billionin payments

(2011-12)

Average Proportion of Family Income Devoted to Repayments on New Home Loans

27.8%(1996-97 – 2006-07)

34.4%(2007-08 – 2011-12)

Govt Outlays as a % of GDP

23.1%(2007-08)

23.8%(2012-13)

Average Small Business Unsecured Overdraft Rate

8.89%(Mar 96 – Nov 07)

10.14%(Dec 07 – Feb 13)

Govt Reciepts$294.9 billion(2007-08)

$367.0 billion(2012-13)

Spread between RBA Cash Rate and Average Standard Variable Mortgage Rate

180 points(Nov 2007)

345 points(Feb 2013)

Unemployment Rate 4.5%(Nov 2007)

5.6%(March 2013)

Average Annual Bankruptcies(personal and business)

23,497(1996-97 to 2007-08)

25,729(2008-09 to 2011-12)

Increase in Employment 338,900(Year to Nov 2007)

197,400(Year to Feb 2013)

To download our Real Solutions Plan visit realsolutions.org.au

Hope. RewaRd. oppoRtunity.