Most Australians say they will use it to increase savings or pay down loans,countering fears of a spending splurge that would fuel inflation.
It is not unusual for governments to suffer a slump after two years in power – it happened to John Howard in 1998 and he recovered. But there are danger signs for Labor.
As a bruising political fight over housing and congestion continues,polling shows half of all voters want more done to curb immigration.
The opposition leader seems utterly sure of his power to drive Albanese out of office. Too sure,perhaps.
Economists and property industry figures say the opposition leader’s pledge to cut migration and ban foreign home buyers could make the nation poorer.
In his budget reply speech,the opposition leader intensified a political fight over housing and congestion by vowing to drive permanent migration below Labor’s target.
The Coalition,when in power,spent taxpayers’ money propping up billionaires’ operations,but now it’s Labor’s idea … and nuclear power critic Andrew Forrest stands to benefit.
Labor will be forced into talks with the Greens over new curbs on coal and gas in a bid to salvage the $13.7 billion tax credits in its “made in Australia” budget plan,after the Coalition rubbished the new measure.
Jim Chalmers’ third budget sought to strike a balance between inflation and cost of living. Here’s what our experts thought.
The political message in this budget is breathtakingly simple. The broader policy plan is fiendishly complex.
Economists have warned that Labor’s budget spending could put pressure on the Reserve Bank to keep interest rates higher for longer.