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Unmasking Austerity: New Report Reveals the Impacts of 2014-15 Federal Budget on SA

A new report released yesterday by Professor John Spoehr and the Australian Workplace Innovation and Social Research Centre (WISeR) reveals more than 265,000 (29.4%) of families in South Australia will be worse off in 2017-18 as a result of the 2014-15 Federal Budget.

The report shows that proposed health and education spending reductions result in losses of Gross State Product ranging as high as $1.6 billion. The jobs impact of these reductions combined with cancellation of Round 5 of NRAS are estimated to range as high as 17,800 person years of employment. Up to 7,000 fewer jobs are forecast for 2017-18. Copies of the report can be downloaded at the WISeR website – www.adelaide.edu.au/wiser

Professor John Spoehr and Premier Jay Weatherill at the report launch

The reports release will complement the Dunstan Foundation WISeR event being hosted tomorrow with Professor Peter Whiteford titled ‘The Age of Disentitlement: Household Impacts of the Federal Budget‘ where Professor Whiteford will explore the results of this research in a presentation and panel discussion session of community sector experts; Ross Womersley, SACOSS; Alice Clark, Shelter SA; and Simon Schrapel, Uniting Communities, who will discuss these impacts on South Australia’s most vulnerable. A video recording of the event will be available soon on the Dunstan Foundation website. 

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