These budget numbers are shocking, and there are worse ones in store
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Even if the government hadn’t spent A$5.9 billion on JobKeeper and other emergency measures last financial year and wasn’t planning to spend a further $12.2 billion this financial year, its budget position would have collapsed.
The economic statement released Thursday morning shows it collected $13.2 billion less company tax than it...