Scott Morrison’s federal budget was all about taxing, spending and building.
While the treasurer’s plan was clear – to grow our economy, guarantee the essentials that we all rely on, reduce the cost-of-living pressures and ensure that the government lives within its means – it will by no means be simple to achieve.
— The Today Show (@TheTodayShow) May 9, 2017
The government says that there will be a $7.4 billion surplus by 2020-21. Is it being too optimistic?
Well, one thing is for sure: our economy can’t afford to go backwards if we are to hit this target, as the government is expecting a wage explosion to fill the hole.