NEWS UPDATE

Last night, the Labor Government handed down its third Budget.

Here’s what leading experts say:

- “My big ask of the Budget was that it didn’t poke the inflationary bear. I don’t think it passed that test.” - [Economist Chris Richardson]([link removed])
- “This is the biggest taxing government in 23 years.” - Business Journalist Ross Greenwood
- “Spending addiction fuels a new decade of deficits” - [Phil Coorey - Financial Review]([link removed])
- “The most irresponsible budget in recent memory... The government set itself a simple standard: not to make the Reserve Bank’s job harder. Michele Bullock may just choke on her cornflakes.” - [Steven Hamilton, Economist - Financial Review]([link removed])

Today's Front Pages

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The Liberals' take from Shadow Finance Minister Jane Hume:

 

Last night's Budget from Labor was a big-spending, big-taxing con job that fails to tackle inflation or meaningfully address the housing crisis. 

Instead of restoring budget discipline, Labor has added $315 billion of new spending, at a time when we need restraint. 

That’s $30,000 of extra spending for every Australian household. 

 

[Jane Hume]([link removed])

 

Authorised by A. Hirst, Liberal, Canberra.
 
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