In his 5pm press
conference during this year’s budget lockup, Treasurer Josh Frydenberg
described the budget as “our economic recovery plan”.
And a recovery plan during the pandemic that has ravaged economies around the world necessarily involves dealing with the huge current contraction in economic output, but must also look forward to what will make for a strong economy that can grow rapidly post-pandemic.
The budget gets
an A-minus for addressing the current problems, but a somewhat lower grade for
setting up the post-pandemic years. And in that regard, it is both a solid
effort, and something of a disappointment.