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OECD calls on Australia to raise GST and increase affordable housing amid budget deficit

The Guardian - World NewsCenter-LeftEN 1 min read 100% complete by Patrick Commins Economics editorJanuary 21, 2026 at 11:46 PM
OECD calls on Australia to raise GST and increase affordable housing amid budget deficit
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AI Summary

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The Organisation for Economic Co-operation and Development (OECD) has released its annual economic survey of Australia, urging the government to broaden the Goods and Services Tax (GST) and increase investment in affordable housing. The OECD, led by former Liberal senator Mathias Cormann, suggests these measures to address Australia's budget deficit. The report also recommends further action to reduce greenhouse gas emissions. The OECD believes Australia's economy is "normalising" after a period of slow growth following the pandemic. These recommendations come ahead of Treasurer Jim Chalmers' fifth federal budget in May.

Key Entities & Roles

Key Player Opposition Context
Jim Chalmers 60% Mathias Cormann 70% Australian Government 70% Australia ×280% Organisation for Economic Co-operation and Development ×290%

Keywords

oecd 90% gst 80% affordable housing 70% budget deficit 70% economic survey 60% social housing 50% greenhouse emissions 50% australia 40%

Sentiment Analysis

Neutral
Score: 0.05

Source Transparency

Source
The Guardian - World News
Political Lean
Center-Left (-0.40)
Far LeftCenterFar Right
Classification Confidence
85%
Geographic Perspective
Australia

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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oecdgstaffordable housingbudget deficiteconomic surveysocial housinggreenhouse emissionsaustralia
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