Budget must check Australia out of never-ending debt and deficit
Josh Frydenberg must take maximum advantage of the strong recovery to signal productivity-enhancing transmission, tax and superannuation structural reforms that can accelerate fiscal repair.
Federal budget night on Tuesday will be another doleful reminder of just how far Australia’s fiscal stocks have fallen since the halcyon days of John Howard and Peter Costello.
Do you remember the time back in the mid-2000s when the federal government had negative net debt? It was back then that we used to talk about the possibility of structural reforms. Could it be the two issues are linked?
