'For a politically-endangered government, this is a budget as much about its own survival as it is about easing the cost of living.' 9News Budget2022 AusPol
Josh Frydenberg believes he's getting the balance right between offering support, without falling into the trap of pushing up inflation, but some economists will disagree.The COVID comeback is in full swing. Unemployment is about to reach 50-year lows.And the tight labour market is projected to drive up wages, but these promises have been made and broken before, so workers can be forgiven for harbouring doubts.
Debt is still tracking towards a trillion dollars, and instead of repairing the budget bottom line, the can is being kicked down the road again, possibly leaving the challenge to a new government.
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