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Budget 2025: Shadow Treasurer Urges Long-Term Focus as Budget Deficit Nears $47 Billion

This will be Labor’s fourth budget this term.
Budget 2025: Shadow Treasurer Urges Long-Term Focus as Budget Deficit Nears $47 Billion
Shadow Minister Angus Taylor at a press conference at Parliament House in Canberra, Australia on Feb. 17, 2022. AAP Image/Mick Tsikas
Monica O’Shea
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Shadow Treasurer Angus Taylor has called for the impending federal budget to be focused on the long term, and not short term gain.

Taylor made the comments as Labor Treasurer Jim Chalmers prepares to hand down the Albanese government’s fourth budget this term—the first time since a government has done so since the 1940s.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]