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Dutton to pay for $21b defence boost through income tax hike

Opposition Leader Peter Dutton says he will fund a proposed $21 billion increase in defence spending through higher income taxes rather than spending cuts, as economists slam both major parties for their unrestrained electioneering.

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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
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/dutton-to-pay-for-21b-defence-boost-through-income-tax-hike-20250423-p5ltr5