The Albanese government’s third budget adds more money into the economy this year than it takes out, making it “slightly expansionary”, internal analysis prepared for Reserve Bank governor Michele Bullock says.
The assessment was included in a document provided by the RBA on Friday in response to a freedom of information request from AFR Weekend, amid a debate about whether Treasurer Jim Chalmers is doing enough to help cool the economy and tame persistent inflation.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
