“I’ve always wanted to be asked about my dream budget,” says Danielle Wood, head of the Grattan Institute and president of the Economic Society of Australia.
I’ve just sent her, along with five other pre-eminent economists, a list of questions on which policies they think should – or should not – be in Tuesday’s federal budget.
Tax cuts, infrastructure spending and business incentives all appear to be on the table when Treasurer Josh Frydenberg hands down the most highly anticipated budget in generations.
Since his last effort, Australia’s economy has been plunged into its first recession in three decades by COVID-19 and the government’s response to the health crisis. Read more…..
Chart of the Day
The Australian economy is suffering its biggest blow in almost a century, Treasurer Josh Frydenberg revealing our deficit will hit $270 million over two years and will take 30 years to pay off.