Claimed economic dividends from policy proposals are no longer enough to justify the extra spending required, Jim Chalmers has conceded.
Treasurer Jim Chalmers has called for an end to the growing unfunded demands on the budget as he rejected requests to bring forward the government’s new childcare subsidy regime, and said emergency wage subsidies for COVID-19 were becoming unsustainable.
The ACTU was mounting similar arguments, for full-wage replacement paid parental leave, something once advocated by former Liberal leader Tony Abbott. “And so we need to weigh that up against all of our other priorities. And my concern here, is that people might see a July start date for a game-changing economic reform, which provides cost of living relief with a big economic dividend, is in some way falling short. July is not far away.″
”The budget’s got some pretty serious constraints. We’ve inherited a budget, which is heaving with a trillion dollars in Liberal Party debt. And so we’ve got to work out where we can get maximum value for money, maximum bang for buck and the commitments that we make.”the government agreed to extend the payments until September 30
“There are a lot of things that, if absent, the fiscal constraints that you would do. But we have really serious fiscal constraints.
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