The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
The Morrison government will ensure COVID tests are tax deductible for workers and exempt from fringe benefits tax for businesses when purchased for work-related purposes.
Treasurer Josh Frydenberg will announce a comprehensive reform of regulations governing the payments system, to bring it up to date with innovations such as digital wallets and cryptocurrency.
University of Canberra Professorial Fellow Michelle Grattan and University of Canberra Associate Professor Caroline Fisher discuss the week in politics.
The government has brought forward planned future tax cuts. And while some say we shouldn’t be cutting taxes during a recession, the plan has its merits.
“The need for change is undeniable,” says Treasurer Josh Frydenberg, issuing a timetable for dealing with recommendations from the royal commission into banking, superannuation and financial services.