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A little OT..but FWIW..
While the GST income has been a "boon" for the Australian government..the cost of health services, infrastructure, armed services and welfare has risen sharply.
It looks as if we are struggling..with balance sheets but at them moment we are just staying ahead. I'd expect to see a rise in GST rates in lets say 2 years...as with most other countries.
The superannuation savings (investments) Australia has (one of the best in the world) really helped protect us from the GFC...and China kept buying raw materials. This compulsory super was one of the best things Keating did. But he also said the compulsory contribution rates had to rise to keep it self sustaining. This has not happened.
The increased cost of the above is putting pressure on Australia's ability to fund it self...thus I'd expect to see GST and compulsory super contribution rates increase...sometime
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