Business Council wants a plan to get budget back in black in a decade

A peak business group says Treasurer Jim Chalmers must make a start on a 10-year plan to return the budget to surplus and bring in rules to manage future spending to help lock in gains made in the pandemic recovery.

“Restoring our budget position isn’t just about numbers on a spreadsheet, it’s a path to protecting Australians from the next global crisis and sustaining the services Australians want,” she said.Loading Deloitte’s latest business outlook forecasts dwelling investment will go backwards by more than 6 per cent this financial year and business investment fall to 2.8 per cent.

Deloitte expects inflation to peak at 7.3 per cent in December, lower than the 7.75 per cent forecast by the Reserve Bank, before falling to 4.4 per cent over the next financial year.The Business Council said the government should not do much more than has already been flagged to assist on the cost-of-living pressures, should not bring forward the childcare subsidy and should not introduce a so-called super profits tax on miners.

Because the decisions made over the past 10 years have been disastrous.

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Rising gas prices to be ‘first order of business’ for Chalmers after budgetSky News Political Editor Andrew Clennell says it seems the federal government will need to make concrete moves to force gas companies to keep prices down using the ACCC. “This is expected to be the first order of business for Treasurer Jim Chalmers after his budget is out next week,” he said. and Albo said he had a plan, the guy is a numty. He leads a pack of numtys, bowen of the cult, alleged mean girls wong, katy, jim storm clouds, Tanya, no one listens to. The woke list is endless
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