Budget was the grand final, not the season opener. Here’s the score
The windfall from the resources boom has been both a blessing for Australia and a curse for decades, enabling a high standard of living while giving the government a free kick on fiscal discipline.
Budget night for economists is Wayne Bennett’s grand final – like Christmas, it only comes once a (non-election) year. And we love nothing more than to examine the play, rehash every decision taken on the field, curse the penalties and speculate on what the outcome means for the game.
This budget was billed as a season opener but had a decidedly grand final tone. And there are some important changes to the playbook that punters should consider for the season ahead.
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Amy Auster is the chief executive of the Policy Institute of Australia.
