Economy

Jun 2, 2017

Chalmers: why Scott Morrison’s budget is in such a mess

Capital expenditure has fallen 33% since the Coalition came to office in September 2013. No wonder growth is struggling, writes opposition finance spokesman Jim Chalmers.

There are really three ways to improve the budget bottom line -- through increasing taxes, fair savings measures and strong economic growth.

At a time when we are facing record net debt for the next three years and when the deficit for next year is more than 10 times bigger than in the Liberals’ first budget, the repair effort needs the right combination of all three.

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