Federal Treasurer Josh Frydenberg has pledged to save the vast majority of an expected more than $30 billion revenue windfall from high commodity prices and low unemployment, under a budget consolidation commitment.
As inflation climbs higher than the government and the Reserve Bank of Australia expected, Mr Frydenberg said in an interview that he believed Treasury could advise the elected government after the poll to focus on continued budget repair to help reduce inflation pressures.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
