Business
Josh Frydenberg is setting his budget ambition dangerously low – The New Daily
Cutting spending when unemployment crosses the 6 per cent mark would be like packing away the booze when many of the guests haven’t even arrived.
Treasurer Josh Frydenbergs announcement that hell prioritise reducing unemployment ahead of reducing government debt is welcome news.
The government is required by the Charter of Budget Honesty to develop and publish a fiscal strategy to be used in each budget.
The one that it has been using doesnt mention unemployment at all and instead talks about offsetting new spending by reductions in spending elsewhere and commits it to achieve budget surpluses, on average, over the course of the economi…
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