Last week’s federal budget has left voters underwhelmed, with a new poll showing just over one in 10 voters believe it was good for them.
Last week’s federal budget has left voters underwhelmed, with a new poll showing just over one in 10 voters believe it was good for them, and just 20 per cent believe it was good for the country.Treasurer Jim Chalmers claimed vindication for handing down an uninspiring budget that resisted calls for extra cost-of-living relief.Louise Kennerley
Those least impressed with the budget were aged between 35 years and 54 years, of which just 11 per cent described the budget as good for them personally.This is the demographic for which cost of living is the most acute, as people in the age rangeOf the 16 key budget measures tested by the research, the most popular measure was the tax hike on multinationals that was budgeted to raise $1 billion over four years.
Dr Chalmers claimed vindication on Tuesday after the RBA, when lifting the cash rate by another 25 basis points, increased its inflation forecast for the December quarter from 7.75 per cent to 8 per cent.The RBA also believes inflation it will stay above the bank’s 2 per cent to 3 per cent target band until at least 2025, longer than previously expected. This could bolster arguments against the stage three tax cuts that are scheduled to start on July 1, 2024.
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