They are, in large part, the product of decisive government policies, not least of which was the determination from 1996 onwards to bring the federal budget into surplus. The national momentum developed during 1998 can be both consolidated and increased during 1999 and beyond provided that the reform process continues. The economic reform process is never finished. Tax reform, so clearly laid before the Australian people during the recent election, must proceed. It is the next logical building block towards an even stronger and more competitive Australian economy.
Modern governments have twin responsibilities in relation to economic reform.
They must maintain the reform process but manage and explain it in a way that ensures continued community support and understanding. Despite a national picture of success there remain, within Australian society, significant pockets of unemployment and disadvantage. They will not easily be removed. A strong growing economy, rather than a weak failing one, is more likely to reduce unemployment and disadvantage. An even more flexible labour market will also assist.