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Paul Keating 1984 Federal Budget Speech

The 1984 Federal Budget was Treasurer Paul Keating’s second. It was the first to be televised.

The Budget Speech was delivered in the House of Representatives at 8pm on Tuesday, August 24, 1984.

Earlier in the day, the House paid tribute to Sir Phillip Lynch, the former Liberal Treasurer (1975-77), who died on June 19.

  • Listen to Keating (27m)
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Hansard transcript of Treasurer Paul Keating’s 1984 Budget Speech.

KeatingMr KEATING (Treasurer)(8.00) —I move:

That the Bill be now read a second time.

In doing so, I present the Budget for 1984-85.

It is just 18 months since the Australian people elected a Labor Government-at a time of severe economic crisis.

Australia was in the grip of the most savage economic recession in fifty years; the economy was in severe decline; unemployment had grown by 270,000 in the previous twelve months and inflation was rising at 11.5 per cent. [Read more…]