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Ready, Set, Fire—Federal Budget Signals Upcoming Aussie Election Spending Spree

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Ready, Set, Fire—Federal Budget Signals Upcoming Aussie Election Spending Spree
Leader of the Opposition Anthony Albanese and Prime Minister Scott Morrison during Question Time in the House of Representatives at Parliament House in Canberra, Australia on May 13, 2021. Sam Mooy/Getty Images
Robert Carling
Updated:
Commentary

There can be no doubt that the 2021-22 Australian federal budget announced last week was simply a spending spree. Policy decisions announced since October 2020 will be adding $31 billion a year to the deficit by 2023-24.

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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