Steven Hamilton, Crawford School of Public Policy, Australian National University; Bruce Preston, The University of Melbourne, and Chris Edmond, The University of Melbourne
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
The situation with Naomi Wolf is another case of Angus Taylor being sloppy with facts and refusing to clean up his mess quickly.
Treasurer Frydenberg says he is not worried that we are saving rather than spending our budget tax cuts. His goal was merely to “put more money in pockets”.
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Peter Martin, Crawford School of Public Policy, Australian National University
Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn’t ruling out action in the pre-Christmas budget update.
Treasurer Josh Frydenberg released the National accounts figures for the June 2019 quarter, earlier this week.
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It it wasn’t for a surge in government spending economic growth would be extraordinarily weak. As it is, it’s the weakest since the global financial crisis.
The election campaign will be much about the budget, putting huge pressure on Frydenberg.
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Both Gaetjens and Frydenberg might reflect, incidentally, that this, the first budget for each of them, is likely to be their last - if the opinion polls are right.
Both Australia’s trend and seasonally adjusted GDP per capita growth rates have dipped below zero.
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