When Scott Morrison, Josh Frydenberg and Mathias Cormann met in Canberra before Christmas to finalise the strategic direction of this pre-election budget, they set the Coalition government two non-negotiable goals.
Prioritise large personal income tax cuts and generate the first budget surplus in 12 years to distinguish the government from Labor on economic management.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
