The federal government's own measurable promises, and how the country has moved since the federal election of 21 May 2022, from official data.
Of 1 promise with data: 1 behind.
Targets the government set itself, quoted from official documents and measured by official series. Ratings compare the pace achieved with the pace needed; they are mechanical, not judgements.
“That’s why National Cabinet has agreed to an ambitious new national target to build 1.2 million new well-located homes over five years, from 1 July 2024.”
Pace counted from 1 July 2024. The Accord period begins 1 July 2024, as the source states. Average pace since the start is 63 per cent of the pace needed from here to the deadline. Series: ABS Building Activity: dwelling units completed, total residential, original, summed by quarter
These targets are quoted from official documents, but no official series we can load measures them yet. Each is rated once one does.
Headline official measures since the federal election of 21 May 2022, with how much of each the government controls. Not rated.
Headline CPI and the trimmed mean are shown together. The trimmed mean is the RBA's preferred measure of underlying inflation.
How much the government controls this: Mostly outside the government's direct control. Interest rates, the main lever on inflation, are set by the independent Reserve Bank. Government spending, energy rebates and administered prices also move the figures.
How much the government controls this: Partly. It follows the business cycle, the world economy and the Reserve Bank's interest rate settings; government spending, migration settings and employment programs have some effect.
Real wage growth here is the Wage Price Index annual change less headline CPI inflation for the same quarter. For the trimmed mean, the RBA's preferred measure of underlying inflation, see the inflation row.
How much the government controls this: Partly. Most wages are set by employers, enterprise bargaining and the independent Fair Work Commission. The government makes submissions to the annual wage review and sets its own employees' pay; prices depend largely on the Reserve Bank and world conditions.
How much the government controls this: Mostly outside direct control. It reflects productivity, commodity prices, the world economy and population growth; tax, spending and migration settings have some effect over time.
How much the government controls this: Limited in the short run. Productivity depends on business investment, technology, skills and the mix of industries; government policy on competition, regulation, education and infrastructure works over years.
How much the government controls this: Partly. Rents follow housing supply, population growth and interest rates. Rental law is mostly set by the states; the Commonwealth sets Commonwealth Rent Assistance, which lowers rents as measured in the CPI, and migration settings.
How much the government controls this: Partly. The government sets visa settings and the permanent migration program; departures, Australians returning, students and visitors' decisions also move the figure.
Government finance statistics (accrual) for the Commonwealth general government sector, as reported by the Australian authorities to the IMF. This differs from the underlying cash balance quoted in the budget papers.
How much the government controls this: Largely. Spending and tax decisions are the government's own, though revenue also rises and falls with commodity prices, wages and employment.
The stored series does not reach back to the baseline.
How much the government controls this: Largely, over time. Debt builds up from the government's own deficits, though interest rates and economic growth change the ratio to GDP. This measure covers all levels of government.
How much the government controls this: Partly. Wholesale prices, network costs and state regulation set most of the bill. Commonwealth energy bill rebates lower prices as measured in the CPI while they are paid, and raise the measured change when they end.
How much the government controls this: Largely. The Commonwealth sets the Child Care Subsidy, which the CPI nets off what families pay; providers set their own fees.
How much the government controls this: Partly. Builders, lenders and buyers decide what gets built; states and councils control planning and zoning. The Commonwealth funds incentives and social housing and sets migration and tax settings.
How much the government controls this: Not controlled by the government. The cash rate is set by the Reserve Bank's independent Monetary Policy Board; the Treasurer agrees the inflation target with the Bank.