The Treasurer has been playing down this budget. But it will give important clues on what the government is prepared to deliver in future – and what it is not.
Treasurer Jim Chalmers is doing everything he can to portray next week’s budget as an unexciting affair. It will be “bread and butter” or “solid”, he regularly tells us. After a brief flirtation with tinkering with the stage three tax cuts that would have made for some serious frisson, the budget will primarily be a vehicle for delivering on election commitments.
But that doesn’t necessarily mean it will be boring. Indeed, the budget will give us an important sense of where fiscal and economic policy will be going for next three years.
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Danielle Wood is the chairwoman of the Productivity Commission.
