TARGET30

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TARGET30 is a campaign to reduce government spending from its current level of 35% of Gross Domestic Product (GDP) down to 30% within the next 10 years.

Why does Australia need TARGET30?

Having a smaller government will increase economic growth in Australia and strengthen social and family bonds, leading to better communities and better outcomes for all Australians. Without TARGET30, by 2050 government could be clawing more than 50% of the value of all goods and services produced in the economy.

What does TARGET30 involve?

TARGET30 is a campaign promoting the benefits of small government, supported by a series of research papers and companion activities, including public events. TARGET30 provides concrete plans and policy suggestions for reducing the size of government in key areas including welfare, education and health care.
The campaign focuses on ensuring that the crucial services Australians need are delivered efficiently and effectively by all levels of government while curbing the uncontrolled growth of inefficient spending.

 

Publications

Red tape and Australia’s economic malaise
Michael Potter
07 February 2018 | OP164

Australia is in a period of economic malaise. GDP per person has been growing slowly ever since the GFC. Australia’s performance is mediocre compared to other developed countries; by contrast, we outperformed before the GFC. Household incomes and wages are also growing at slow rates,…

From Reform to Retreat: 30 Years of Australian Fiscal Policy
Robert Carling
10 December 2017 | OP161

Australia entered an era of economic reform in the mid-1980s as policymakers resolved to liberalise the country’s economy and strengthen its public finances. Fiscal reform, which is the subject of this paper, was an important part of the process. These reforms included management of the…

UBI – Universal Basic Income is an Unbelievably Bad Idea
Simon Cowan
05 November 2017 | RR32

The idea of a Universal Basic Income (UBI), paid by the government to its citizens with few restrictions, has been around for a long time. One of the main justifications for introducing a UBI is the impending changes to the labour market as a result…

The Major Bank Levy: We’re all going to be hit
Michael Potter
19 June 2017 | RR29

The major bank levy was proposed in the 2017–18 Budget. The levy has numerous flaws including: The costs of the levy will likely be passed on as higher interest rates for mortgages and business loans, harming households and business investment which is very weak. The…

Welfare reform beyond decades of dependence, ‘dole bludgers’ and ‘double dipping’
Simon Cowan
31 May 2017 | OP156

Recent attempts to reform welfare have focused on the wrong elements of the system. In some cases, advocating tightening eligibility for unemployment benefits and single mother payments while simultaneously increasing the scope and cost of family benefits and pension payments. Blaming ‘dole bludgers’ will never…