Summary
The challenge that Australia faces is that we don’t just need a bread and butter budget. We need a bread and butter Treasurer firstly focussed on reigning in spending. Through this bread and butter approach, the Treasurer can let the private sector lead growth which then provides space to invest in productivity measures to grow the capacity of the economy.
As we lift our eyes to the May budget, our hope is that the Treasurer will have done the hard work of cutting spending and inflation will have eased, leaving the Government room to get on with its reform agenda.