The Budget on Tuesday evening comes at an interesting time in the life of the current Government, as well as for ordinary Australians.
With a year or so to go before the next election which must be held by May 2025 at the latest. (or sooner perhaps if Albo sees a window of opportunity) this would normally be a give-away budget to set the scene. Except that with inflation still strong and being driven by local factors such as wages growth and energy costs, as well as high housing costs thanks to very strong migration, the headroom is limited, at best.
The Announcables so far, which have continued through the weekend, are portraying it as a responsible budget aimed at containing inflation, supporting housing, and quote good for women.
Charlmers said this week his goal was to chart “the responsible middle course between those who want us to slash and burn in the budget, and those who think that it should be some kind of free-for-all of spending”.
Others less charitable might say it will contain a wadge of announcables, which sound good, but which are not tackling the real long term issues Australia faces.
Remarkably it seems further tax payer funds will flow to the construction sector. While the Governments goal of 1.2 million well-located homes built in five years starts on 1 July, remember just 12,850 homes were approved for construction in January. This seems a gulf which needs way more than announcables and political party tricks.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
