Opinion
Industry policy will win votes but very little else
Why not accept the gift of China’s subsidised exports, and use the money we save to deal with our many more serious challenges?
Alan MitchellContributorThis is an election-year budget from a government with a thin majority – and one that has been widely criticised for doing too little to help the Reserve Bank in the battle to reduce inflation and interest rates.
So, what the voters got was the prospect of a $9 billion pre-election budget surplus to be followed by a string of deficits, a temporary reduction in inflation and perhaps a temporary reduction in interest rates, tax cuts and relief for energy bills, rent, student debt, all timed to fit with the election and restricted to avoid adding to inflation and interest rates.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Federal
Fetching latest articles