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Budget Brings Nothing New to the Table

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Budget Brings Nothing New to the Table
Australian Treasurer Jim Chalmers speaks to the media during a press conference inside the Budget lockup at Parliament House in Canberra, Australia, on Oct. 25, 2022. AAP Image/Lukas Coch
Robert Carling
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Commentary

What the Australian Treasurer Jim Chalmers tabled on Oct. 25 was not a budget in the traditional sense but a mini-budget or update. Unlike a regular annual budget there were few announcements of new policies or fiscal strategies.

Robert Carling
Robert Carling
Author
Economist Robert Carling is a senior fellow at the Centre for Independent Studies in Sydney, Australia. He was executive director at the New South Wales Treasury from 1998 to 2006, and has held positions with the Commonwealth Treasury, the World Bank, and the International Monetary Fund.
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