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Chris Richardson

Labor has wasted its budgetary luck, and now it’s running out

The luckiest government Australia has seen didn’t take the opportunity to get the national budget better prepared for the long haul.

Australia’s luckiest government? There’s a clear winner, and it’s not even close.

I’m a budget nerd, so I measure luck in dollars. And – luckily! – Treasury compiles official numbers on the impact of luck on the budget.

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Chris Richardson is an independent economist.

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    Original URL: https://www.afr.com/politics/federal/labor-has-wasted-its-budgetary-luck-and-now-it-s-running-out-20241120-p5ks2k