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Budget will get worse before it gets better under Coalition

A surprise new $3.6 billion tax on vaping and a massive $17 billion cut to the public service will not be enough to prevent a Coalition government posting bigger budget deficits than Labor in the first two years after the election.

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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
Ryan Cropp is an energy and climate reporter at The Australian Financial Review based in the Canberra bureau.
Paul Karp is The Australian Financial Review’s NSW political correspondent.
Andrew Tillett writes on politics, foreign affairs, defence and security from the Canberra press gallery. Connect with Andrew on Facebook and Twitter. Email Andrew at andrew.tillett@afr.com

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    Original URL: https://www.afr.com/policy/economy/budget-will-get-worse-before-it-gets-better-under-coalition-20250501-p5lvra