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The Rudd Government (2007–10) was the government of Australia formed by the Australian Labor Party and led by Kevin Rudd as Prime Minister. The Rudd Government commenced on 3 December 2007, when Rudd was sworn in along with his ministry. This took place nine days after the defeat of the Howard Government, which was a Coalition of members of the Liberal and National parties, at the 2007 federal election. The Rudd Government concluded on 24 June 2010, when Rudd, under pressure from an impending leadership caucus ballot, stepped down from the leadership of the Australian Labor Party and was succeeded by his deputy, Julia Gillard. Rudd was re-elected leader of the Labor Party in 2013 and served for a second time as Prime Minister. ==Economy== Treasurer Wayne Swan delivered the Rudd government's first budget in May 2008, which he said was designed to fight inflation. Total expenditure, as a share of gross domestic product (GDP), was lower than at any time of the previous government, despite including many of the expensive election promises for "working families". The projected surplus of 1.8% of GDP, or $21.7 billion, exceeded the 1.5% target set by the government in January. Labor supported improving the federal-state funding process through a reform of the Council of Australian Governments. Three nation-building investment funds were established—the infrastructure fund, "Building Australia", was earmarked $20 billion of federal funding. Education received $10 billion as part of Rudd's "education revolution", while health also received $10 billion.〔(Swan confident stockpile will help fight inflation | smh.com.au ); (Swan has reprised election promises, though doesn't go much beyond that | theage.com.au ); (A real son of the ALP - Opinion - theage.com.au )〕 As part of its response to the financial turmoil of the Global Financial Crisis, the Rudd government announced in October 2008 that it would guarantee all bank deposits. The government initially ignored RBA advice to cap the guarantee. With the economy facing its biggest slowdown since the early 1990s and facing recession, the government announced an economic stimulus package worth $10.4 billion. A second economic stimulus package worth $42 billion was announced in February 2009. It consisted of an infrastructure program worth $26 billion, $2.7 billion in small business tax breaks, and $12.7 billion for cash bonuses, including $950 for every Australian taxpayer who earned less than $80,000 during the 2007-8 financial year. At the same time the Reserve Bank cut official interest rates by 1 percent to 3.25 percent, the lowest since 1964. The package was welcomed by state governments and many economists, as well as the OECD. The Malcolm Turnbull-led coalition opposed the package, stating they believed further tax cuts on top of current tax cuts planned for each financial year over the next few years was a better way to prevent a recession. The package was passed in the Senate on 13 February with support from minor parties and independents following amendments that reduced the cash bonuses in the package in order to fund investment in the environment and water. National accounts released on 4 March 2009 showed that Australia's non-farm sector shrunk for the September 2008 and December 2008 quarters. The 2009 Australian federal budget was released on the evening of 12 May 2009. Labor decided not to extend the investment allowance, and it was phased out by the end of the year. Other measures to support employment—augmenting a first-home buyer's scheme— were initiated. The March quarter national accounts showed that the Australian economy grew by 0.4%, a number not foreseen by many until the positive balance of trade statistics released the day before. The main contributors to this result were the large fall in the current account deficit and increasing household consumption. Apart from the manufacturing sector, the Australian economy avoided a technical recession. Reserve Bank economists endorsed the first two phases of stimulus a year later, saying it was "undeniable" that government spending had supported the economy. RBA governor Glenn Stevens remained cautious of American-style fiscal policy, casting doubt on the idea that Australia should have a higher inflation target in order to repair its public accounts. The Rudd Government established a review of the tax system by the head of the Department of the Treasury, Ken Henry. Among other suggested reforms recommended by the Henry review and adopted by the Rudd Government was a Resource Super Profits Tax on the extractive industry. The proposal met resistance from mining industry bodies and mining companies, and the proposal was later heavily modified when Julia Gillard replaced Rudd as Prime Minister. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Rudd Government (2007–10)」の詳細全文を読む スポンサード リンク
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