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Robert Carling

No black holes, except Labor’s spending

Labor hasn’t inherited any hidden budget surprises. It is spending monuments created in their last period in office that now need to be tamed.

Robert CarlingEconomist
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Newly minted federal Treasurer Jim Chalmers and Finance Minister Katy Gallagher have hit the ground running with a warp-speed conversion to fiscal discipline.

Finance Minister Katy Gallagher with Treasurer Jim Chalmers. They are overseeing a “line by line” examination of budget spending. AAP

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Robert Carling is a Senior fellow at the Centre for Independent Studies, and a former IMF and federal and state Treasury economist.
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    Original URL: https://www.afr.com/policy/economy/no-black-holes-except-labor-s-spending-20220531-p5aq23