Labor will hand down its own budget before the end of the year if it wins the federal election and says it is the quality of the spending that matters.
that it was unlikely there would be a budget balance within a decade due to the damage caused by the pandemic, and the spending demands ahead, particularly on defence and the National Disability Insurance Scheme.
Mr Chalmers says if Labor wins the election, to be held on either May 14 or May 21, there will be another budget before the end of the calendar year. “If they hang onto those savings because of uncertainty, rising interest rates, and skyrocketing living costs, the recovery could stall,” he says.
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