Leigh Sales fired up at Treasurer Josh Frydenberg after he accused her of being loose with the facts during her opening shot.
on Monday evening, the Treasurer was accused of “recklessness” for maintaining that a surplus will be delivered next year.
Mr Frydenberg reiterated that the nation is “living within our means”, and that the Morrison government will “deliver the first surplus in 12 years” and that the “Australian economy will continue to grow”. “On household consumption, some people are saving as opposed to spending. It is my job to put more money in their pocket.
“Of course, it’s required additional support into those communities. The trade tensions which may be showing some signs of abating have also affected negatively consumer sentiment and business sentiment so we can’t ignore those facts.”Mr Frydenberg today released the mid-year update to the 2019/20 budget — handed down in April — which showed a reduction in the budget surplus to $5 billion.
Mr Chalmers said both economic growth and wages growth had been downgraded, the unemployment rate had been revised up, employment growth forecasts were relatively unchanged but the business investment number had taken a massive hit this year.
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