Source : the age
The Crisafulli government is eager to sell its second budget as a steady-as-she-goes plan delivering on responsible financial management, as my colleague James Hall wrote last night.
But that’s not quite the full picture. Debt will continue to build to a reduced $216.4 billion as spending growth drops below revenue increases.
Major parts of a $119.2 billion four-year infrastructure spend remain also remain unclear or loom beyond the budget, with revenue windfalls and pressure on the public service.
There was some limited cost-of-living relief laid out, and a surplus projected (beyond the next election). Though the prospect of a credit rating downgrade is still very much live.
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We’re back with our blog from George Street today after diving into the budget books yesterday.
Parliament will sit for a special four-day budget week, with Treasurer David Janetzki’s second economic set-piece set to loom large over proceedings.
Stay tuned! We’ll update you here with everything you need to know.
