The Budget does include some welcome micro-economic reform announcements. The key question is: does this Budget do enough?Rob McLeod, Oceania Managing Partner and Chief Executive Officer (CEO)
While the Treasurer’s restrained Budget contains some welcome initiatives, the key question is: does it do enough? If Australia is to achieve sustainable economic growth, it will require substantial micro-economic and tax reform, and the economic flexibility to adjust to both forecast and unforeseen influences. Carbon pricing must also come into the equation.
The issue is not just about capitalising on the resources boom, but rather how to build resilience in the economy, as our Federal Budget Brief discusses.
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