Abstract
If nothing else, the upcoming budget week shows us the priorities of the government. We all know by now that this government is increasingly laying its political fortunes at the feet of a budget surplus and hoping that this will continue to drive down interest rates. It is one way that are attempting to deal with the feeling that the cost of living is continuing to rise. There are rarely any major surprises on budget night: sure, the occasional announcement captures us off guard but after weeks of leaks and warnings about ‘tough decisions’, we all know what to expect. Then the sales job begins and we continue on our merry way. The problem is, however, that a treasurer will never look us in the eye and tell us unpleasant truths. Sure, we are told that it is time we tighten our belts, but never will one admit to the limitations of both their projections or the very flawed models they are working with. Here are four items that the treasurer should include in the budget but will, like all his predecessors, ignore.
Original language | English |
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Journal | The Punch |
Publication status | Published - 2012 |
Keywords
- Australia
- Swan, Wayne
- budget
- economic development
- economics
- finance
- social economics