It is rare for a treasurer that the economic and political stars align so neatly in the lead-up to a budget. With most economists pushing for a more active role for fiscal policy to support the recovery, and pre-election budgets generally known more for generosity than austerity, it’s a recipe for good news all round.
But while this happy confluence gives Josh Frydenberg a wider path to walk, unfortunately he’s unlikely to heed calls for a major overhaul of key services.