Same same budget. Confusing if you scratch beneath the surface. All about political survival really.
Confusing cos he says he delivers a $40bn improvement in the bottom line and a credible path back to surplus, when in fact deficits in each of the next four years are bigger than predicted just last December.
It's a budget which is designed to reverse the negative effect of the last one. Shame they didn't hand over a budget like this one last year. They would have slowed the labor trajectory and be ahead of the polls. Wonder if it's too late ?
Anyway don't stress unless you're a middle income earner. If so, you need to read up on bracket creep. Cos he's got you in his sights.
Here's hoping the iron ore price picks up cos he's relying on it to get him through the next 12 months.
