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John Roskam

Australia’s new course is to be managed decline

The budget is our politics writ small: too lacking in confidence and optimism to seek out new growth.

John RoskamColumnist

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A federal treasurer’s speech on budget night isn’t a reflection of every aspect of the country, it nevertheless paints a picture of the nation. While its focus is economics, a budget speech reveals something about the condition of our politics and our culture.

On Tuesday night, Jim Chalmers listed 11 achievements in the 2024-25 budget. They ranged from “a tax cut for every taxpayer” to “a fairer go at every checkout” to “stronger Medicare in every community”. “An economic plan where growth and opportunity go together” was mentioned last.

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John Roskam is a senior fellow at The Institute of Public Affairs. Connect with John on Twitter.

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    Original URL: https://www.afr.com/policy/economy/australia-s-new-course-is-to-be-managed-decline-20240513-p5jd1p