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.

Free Trial

You've hit members-only content.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions


Join the conversation

The Crikey comment section is members-only content. Please login or sign up for a FREE trial to engage in the commentary.

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details