Treasurer will be able to boast back-to-back surpluses when he speaks on Tuesday night; defence whistleblower to learn his fate. Follow live updates
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Does Greens economics spokesperson Nick McKim welcome the surplus?
He tells ABC radio AM, no. No he does not. But for different reasons than Angus Taylor, obviously.
No, certainly not. I mean, what the surplus shows that they’re prioritising their own political benefit over investing in the kind of programs that would provide genuine help to people who are really doing it tough at the moment.
So what you’re going to see in the budget tonight is that having talked up an absolute storm on things like climate change and on things like cost of living, Labor is simply not prepared to take the action necessary to respond to those challenges that the urgency and the scale that is required.
I think what Australians want to see in this budget and from this government is the timing of the homegrown inflation that’s been raging so much across this country. That’s the overwhelming issue we see as we get out and about.
Well, it’s still well above target (the target band is 2-3% and inflation is currently 3.6%)
They promised that they were going to beat it. There’s no sign of that yet. It’s nowhere near the target range (it is 0.6% above the target range)
Continue reading...source https://www.theguardian.com/australia-news/live/2024/may/14/budget-2024-live-updates-australia-federal-treasurer-jim-chalmers-speech-australian-government-anthony-albanese-labor-cost-of-living-latest-news
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