The treasurer has spent the weeks ahead of the budget setting out why the economic position means no big new social programs. Follow the day’s news live
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The treasurer says he is not kidding himself that “every Australians is across every detail of the budget” but he says he believes they are “incredibly engaged when it comes to the fundamentals”.
This budget will get the fundamentals right. It will nicely line up our efforts in the budget and the hard work of the independent Reserve Bank to make sure we can confront this inflation challenge together.
I’ve been really heartened by the level of engagement from the Australian community when it comes to our efforts to make the budget more responsible and our economy more resilient.
As as I move around Australia consulting with local communities, workers and employers, one of the big challenges we have in our country and economy is that it’s harder and harder for people to grab the opportunities of low unemployment if they can’t live near where the opportunities are. I’ve made that a big priority. I have consulted widely.
I want to thank the superannuation industry and the institutional investors, my counterparts in the states and territories. I want to I want to thank the building industry for engaging with us over the course of recent weeks and months. It’s a high priority for us to get more affordable housing, closing to where the jobs and opportunities are. You will hear more tonight.
Continue reading…The treasurer has spent the weeks ahead of the budget setting out why the economic position means no big new social programs. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastThe treasurer says he is not kidding himself that “every Australians is across every detail of the budget” but he says he believes they are “incredibly engaged when it comes to the fundamentals”.This budget will get the fundamentals right. It will nicely line up our efforts in the budget and the hard work of the independent Reserve Bank to make sure we can confront this inflation challenge together. I’ve been really heartened by the level of engagement from the Australian community when it comes to our efforts to make the budget more responsible and our economy more resilient. As as I move around Australia consulting with local communities, workers and employers, one of the big challenges we have in our country and economy is that it’s harder and harder for people to grab the opportunities of low unemployment if they can’t live near where the opportunities are. I’ve made that a big priority. I have consulted widely. I want to thank the superannuation industry and the institutional investors, my counterparts in the states and territories. I want to I want to thank the building industry for engaging with us over the course of recent weeks and months. It’s a high priority for us to get more affordable housing, closing to where the jobs and opportunities are. You will hear more tonight. Continue reading…