We have reports, analysis and reaction on yesterday’s budget, including scepticism from Chartered Accountants ANZ economist Prof Richard Holden. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe political purpose of the budget couldn’t have been better executed, according to our economics columnist Greg Jericho, who uses seven charts to show how Jim Chalmers has outflanked Angus Taylor with his cunning plan to ensure the “very vast majority of people are paying less tax”.Here’s one on the tax cuts:The budget has been in deficit 33 of the past 50 years – or two-thirds of the time since Gough Whitlam lost office. And yet in that time our standard of living has greatly improved and we still exist as a sovereign nation. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2025/mar/26/australia-politics-live-budget-reaction-chalmers-labor-coalition-election-us-trump-ntwnfb
Author : Martin Farrer
Publish date : 2025-03-25 19:48:00
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