Labor is budgeting to spend the most by any government in 40 years besides the emergency pandemic, and economists say planned future spending restraint seems unrealistic.
The federal budget contains 20 major measures that will worsen the budget bottom line, but only three major savings items to shore up the nation’s finances.
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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
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
