Why Chalmers will look to his Queensland roots as budget looms
It’s not just spending plans and spending cuts that will determine the new Treasurer’s budget. Labor’s own federal fiscal history will play an influential role.
Treasurer Jim Chalmers will announce his October 25 budget in the eye of two storms – domestic and foreign. Amid war in Ukraine, UK market turmoil, global recession warnings, rising interest rates, floods, and drama over legislated tax cuts, the budget details should clarify what the Albanese government is on about.
Coming five months after the election, this is well past the usual honeymoon period, but there’s nothing “usual” about present times.
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Andrew Clark is a former editor of The Sun-Herald and Australian Business. He was a correspondent in Europe and North America, a political correspondent in Canberra and has been a journalist for more than 55 years. Email Andrew at aclark@afr.com.au
