Opinion
Chalmers pledged a spending diet, but Labor is on a binge
There is a big difference between what a government forecasts it will spend in the years ahead and what it actually spends.
John KehoeEconomics editorWhen Labor’s mid-year budget update in December appeared to largely avoid new election spending, political analysts assumed the government did not want to spook the Reserve Bank of Australia before its crucial February board meeting.
Jim Chalmers delivering his mid-year budget update. While Labor didn’t cause the current inflation outbreak, it hasn’t done enough to help revive productivity and help the RBA reduce inflation faster. Alex Ellinghausen
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