Again, in the 1974–75 budget, the government emphasised its social objectives, with Treasurer Frank Crean saying that its "overriding objective is to get on with various initiatives in the fields of education, health, social welfare and urban improvements". According to Carroll, most economic observers agreed "there was little in the budget likely to arrest what they saw as the alarming drift in the economic climate". By 1974, inflation had worsened and Australia had entered the 1973–75 recession and suffered through the 1973 oil crisis. Unemployment reached 5% (at that time considered high).