NewsBite

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 Richardson

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key 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.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/news/policy/budget/the-secret-sauce-that-saved-the-budget-20190403-p51a98