Budget in Budget in RBA 10-yr

Australian RBA Size/ AUD/USD

China World CPI % Unemployment Unemployment 10/11 11/12 Cash rate Gov't
GDP (F/Y Australian US GDP Cash rate direction of at June
Name Org GDP GDP change in rate at June 30, rate at Dec 31, Surplus or Surplus or at June bond yield
2010 / GDP 2011 2011 at Dec 31, next official 30, 2011
2011 2011 2011 2011 2011 deficit? deficit? 30, 2011 at Dec 31,
2011) 2011 cash rate ¢
(billion) (billion) 2010 2011

Burchell Wilson ACCI 2.75% 2.75% 9.0% 2.0% 4.0% 2.5% 5.0% 5.0% -$45.0 -$20.0 5.00% 5.25% 0.25MAY% 6.20% 100.0
Heather Ridout AIG 3.3% 3.6% 9.6% 2.2% 4.0% 2.9% 4.7% 4.6% -$41.5 -$12.3 5.00% 5.00% 0.25% 5.50% 102.0
Shane Oliver AMP 2.7% 3.1% 9.5% 3.0% 4.3% 2.8% 4.9% 4.7% -$40.0 -$11.0 5.00% 5.50% 0.25% 5.70% 100.0
Katie Dean ANZ Bank 2.5% 2.9% 9.6% 2.0% 2.9% 3.2% 4.8% 4.5% NA NA 5.00% 5.50% 0.25% 5.70% 100.0
Brad Crofts AWU 3.25% 3.5% 10.0% 3.25% 5.0% 3.0% 4.75% 4.75% -$40.0 -$10.0 5.00% 5.50% 0.25% 6.50% 100.0
Richard Robinson BIS Shrapnel 3.2% 3.6% 9.2% 2.4% 3.6% 2.7% 5.1% 4.7% NA NA 5.00% 5.25% 0.25% 5.60% 100.0
Chris Caton BT Financial 3.0% 3.2% 9.2% 2.6% 4.0% 2.8% 5.0% 4.9% -$40.0 -$12.5 5.00% 5.25% 0.25% 5.60% 87.0
Michael Blythe Commonwealth Bank 3.1% 3.5% 9.0% 2.7% 4.2% 3.1% 5.0% 4.9% 5.00% 5.50% 0.25%APR 5.50% 99.0
Danielle Woods Dun and Bradstreet Country Risk 2.7% 8.9% 1.3% 2.7% 2.7% 5.1% 5.0% -$2.1 5.00% 5.25% 0.25% 107.00
Tim Toohey Goldman Sachs 3.0% 3.7% 10.0% 2.7% 4.6% 3.2% 4.7% 4.7% 5.25% 5.50% 0.25% 5.50% 102.0
Saul Eslake Grattan Institute 3.25% 3.75% 9.5% 2.25% 4.5% 3.25% 4.8% 4.5% -$38.0 -$9.0 5.00% 5.50% 0.25% 6.00% 102.0
Paul Bloxham HSBC 4.1% 4.2% 8.9% 2.8% 3.1% 4.6% 4.5% 5.00% 5.50% 0.25% 5.00% 85.0
Brian Redican Macquarie Securities 2.5% 2.5% 8.7% 4.2% 4.3% 2.7% 5.2% 5.2% -$38.9 -$10.1 5.25% 5.25% 0.25%FEB 5.75% 96.0
Peter Jones Master Builders 2.75% 3.25% 8.5% 3.0% 4.25% 2.75% 5.0% 5.0% -$35.0 -$5.0 5.00% 5.50% 0.25% 5.50% 100.0
John Rothfield Merrill Lynch 2.8% 3.3% 9.1% 2.8% 4.2% 3.1% 5.0% 4.7% -$45.0 -$17.0 5.00% 5.50% 0.25% 5.50% 87.0
Jakob Madsen Monash University, Economics 1.0% 0.7% 8.0% 0.0% 2.0% 2.7% 5.6% 5.8% -$30.0 -$15.0 4.50% 4.25% -0.25% 5.10% 92.0
Rob Brooker NAB 2.9% 3.6% 9.1% 2.7% 4.3% 2.9% 4.9% 4.8% -$31.0 -$7.0 5.00% 5.25% 0.25% 5.60% 105.0
Annette Beacher TD Securities 3.4% 3.6% 10.0% 3.0% NA 3.4% 3.5% 4.3% -$38.0 -$10.0 5.25% 5.75% 0.25% 6.00% 94.0
Neville Norman University of Melbourne 2.55% 2.9% 12.2% 3.5% 3.2% 2.3% 5.8% 6.15% -$28.0 -$5.0 5.00% 4.50% 0.25% 5.45% 93.0
Steve Keen University of Western Sydney 2.5% 2.0% 8.0% 2.0% 3.0% 3.0% 6.0% 6.5% -$30.0 -$20.0 5.00% 4.00% 0.25% 5.00% 90.0
Julie Doel Westpac 3.0% 3.5% 9.1% 1.1% 3.9% 3.2% 5.0% 4.8% -$41.5 -$12.3 5.00% 5.00% 0.25% 5.50% 1.02

Average 2.88% 3.1% 9.3% 2.5% 3.8% 2.9% 4.97% 4.95% -35.3 -11.7 5.01% 5.21% 0.0 0.1 92.5
 Net Net Current Current
Terms of Terms of
AUD/YEN AUD/EUR S&P/ASX S&P/ASX NIKKEI NIKKEI foreign foreign Account Account
S&P 500 S&P 500 FTSE 100 FTSE 100 Trade % Trade %
at June at June 200 at 200 at 225 at 225 at debt at debt at Balance Balance
Name Org at June at Dec 31, at June at Dec 31, change at change at
30, 2011 30, 2011 June 30, Dec 31, June 30, Dec 31, June 30, Dec 31, at June at Dec 31,
30, 2011 2011 30, 2011 2011 June 30, Dec 31,
¥ ¢ 2011 2011 2011 2011 2011 2011 30, 2011 2011
2011 2011
(billion) (billion) (billion) (billion)
Burchell Wilson ACCI 84.0 76.0 4800 5000 1250 1350 5900 6100 10500 11000 -5% -10% $700 $725 -$10.0 -$5.0
Heather Ridout AIG 84.6 74.0 -3% -3%
Shane Oliver AMP 83.5 75.0 5200 5500 1320 1390 6220 6530 11370 12000 5% 0% $660 $650 -$6.5 -$6.5
Katie Dean ANZ Bank 87.0 78.1 NA NA NA NA NA NA NA NA 7.2% 2% NA NA -$9.7 -$12.8
Brad Crofts AWU 93.0 70.0 5000 5200 1300 1350 5800 6000 10500 11000 15% 0.25% $680 $700 -$5.5 -$8.0
Richard Robinson BIS Shrapnel 2.3% 2.50% $677 $687 -$30.9 -$34.0
Chris Caton BT Financial 76.0 65.0 5000 1300 1365 6000 6300 10500 11000 3% 2% $675 $670 -$3.5 -$3.5
Michael Blythe Commonwealth Bank 85.1 78.0 5100 5400 1270 1380 6150 6700 10500 10900 8% -1.50% NA NA -$5.9 -$12.0
Danielle Woods Dun and Bradstreet Country Risk 83.08 1200 1162 9100 10400 -$67.8
Tim Toohey Goldman Sachs 85.7 70.0 5375 5600 1450 -3% -5% $660 $672 -$11.0 -$10.0
Saul Eslake Grattan Institute 92.0 80.0 16% -2% -$40.0 -$45.0
Paul Bloxham HSBC 81.0 65.0 5200 5600 -2% -6% -$8.0 -$10.1
Brian Redican Macquarie Securities 76.1 71.6 NA 5387 NA NA NA NA NA NA 4.2% -3.80% NA NA $9.9 $10.1
Peter Jones Master Builders 5000 5300 1% -5% $690 $705 -$30.0 -$35.0
John Rothfield Merrill Lynch 83.0 72.5 5000 5500 1325 1400 12000 11000 2% 0% $600 $705 -$12.5 -$14.5
Jakob Madsen Monash University, Economics 80.0 75.0 4200 4000 1000 900 5700 5800 10000 10000 -10% -13% $700 $720 -$8.0 -$6.0
Rob Brooker NAB 90.3 73.4 4760 4950 1250 1320 NA NA NA NA -2% 5% $660 $675 -$10.9 -$9.8
Annette Beacher TD Securities 84.6 855.0 5000 5500 NA NA NA NA NA NA 12% 4% $672 $676 -$19.5 -$13.6
Neville Norman University of Melbourne 78.0 69.0 5200 5500 1300 1360 5800 6050 12000 12500 10.5% -2.50% $695 $725 -$25.0 -$21.0
Steve Keen University of Western Sydney 75.0 80.0 4500 4000 1100 1000 5000 4000 10000 10000 -5% -10% $680 $710 -$8.0 -$9.0
Julie Doel Westpac 85.0 74.0 4900 5100 -1% flat $694 $718 -$9.0 -$13.0

Average 83.5 116.8 4949.0 5169.1 1237.7 1285.6 5821.3 5935.0 10647.0 10980.0 3% -2% 674.5 695.6 -$12.8 -$16.3