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The day after the night before – Chalmers and Taylor on the budget


Will the budget exacerbate inflation? Are the increases in social benefits just the first step for the Labor government? Can the projected one-time surplus be followed by one or more? What fiscal measures (if any) will the coalition oppose? There’s quite a bit about this budget that, as the saying goes, “only time will tell”.

In this podcast, Treasurer Jim Chalmers defends his budget against economists who claim it will be inflationary, strongly dismissing suggestions that it doesn’t do much for middle-income Australians struggling with rising mortgage payments. Chalmers also promises that given the current tight labor market, a priority in the coming months will be to find ways to get more long-term unemployed into work.

Shadow Treasurer Angus Taylor lists some of the measures the opposition supports but will not commit to the changes to the Petroleum Resource Rent Tax, despite the industry’s benign stance on the cautious renewal.

Michelle Grattan does not work for, consult with, own stock in, or receive funding from any company or organization that could benefit from this article, and has not disclosed relevant affiliations outside of their academic tenure.

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