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Danielle Wood

Why Frydenberg’s budget is such an economic failure

A bigger cash splash than Kevin Rudd’s first stimulus and a bloated project pipeline just rankle when the medium-term challenges are so real.

The commentary on Tuesday night’s budget has landed on a tone of cynical resignation.

Yes, the government is pumping billions of dollars of stimulus into a strong economy. Yes, it’s committing tens of billions of dollars in new infrastructure spending with not so much as a business case. But what can you expect in an election year? Given Labor will simply rubber stamp it, shouldn’t we be grateful that the budget wasn’t more reckless?

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Danielle Wood is the chairwoman of the Productivity Commission.

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    Original URL: https://www.afr.com/policy/economy/why-frydenberg-s-budget-is-such-an-economic-failure-20220330-p5a9hz