Opinion
The secret sauce that saved the budget
The budget only held together because our high-employment, low wage growth and inflation economy reduces government spending.
Chris RichardsonKey Statistics
- 2 per centBoost to average wages this year.
- $28 billionSavings on spending.
- 1.3 per centSavings on government spending over the next decade.
Lots of the post-budget focus is on the imminent tax cuts, and that makes sense.
The punters stopped listening to politicians a while ago, but this time really is different – these tax cuts will happen. Both sides are promising pretty much the same thing, and they’re promising it will be in people’s pockets in a matter of weeks.
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