JIM CHALMERS MP
SHADOW TREASURER
MEMBER FOR RANKIN

SENATOR KATY GALLAGHER
SHADOW MINISTER FOR FINANCE
SHADOW MINISTER FOR THE PUBLIC SERVICE
SENATOR FOR THE AUSTRALIAN CAPITAL TERRITORY

BUDGET WEIGHED DOWN BY WASTE, RORTS AND STAGNANT WAGES

In its latest Budget Monitor, Deloitte Access Economics confirms the significant challenges Australians face because of eight long and costly years of economic and budget mismanagement by the Liberals and Nationals.

Welcome improvements in the economy are despite the Morrison Government, not because of it.

The Budget would be in much better nick were it not in the hands of the most wasteful government since federation.

Australians need and deserve the right kind of recovery, where working families can get ahead and not be left behind.

Working families are paying a hefty price for the mistakes Scott Morrison and Josh Frydenberg have made with vaccines, quarantine and economic support, which cost jobs, bled tens of billions of dollars and caused the economy to go backwards.

According to the Budget Monitor, the structural position of the budget will see ongoing annual deficits of around $60 billion.

The Liberals’ failures have delivered more than $1 trillion of debt with nowhere near enough to show for it.

This Government has promised eight surpluses but delivered none, real wages are going backwards, and year after year its budgets have been weighed down by waste and riddled with rorts. 

The best way to repair the budget is to repair the economy.

That’s why Labor’s economic policies are all about support for working families, secure jobs with decent pay, and a future made in Australia.

Working Australians cannot afford another three years of attacks on wages, super and Medicare; record low wages growth; record debt with not enough to show for it; and billions of dollars wasted on rorts and mismanagement.

Only Labor is fighting to build an economy that is stronger and fairer after the pandemic than it was before.

WEDNESDAY, 3 NOVEMBER 2021