FULL INTERVIEW: Managing Director of Market Economics Stephen Koukoulas says 'resilient' commodity prices are 'conflicting news' when coupled with the recent disappointing GDP results as Treasury prepare for the upcoming budget release on April 2.
Mr Koukoulas says there's a lot of market attention on whether the budget should include 'fiscal stimulus measures' but insists it depends on 'what the bottom line is going to be'. He says Treasurer Josh Frydenberg and Prime Minister Scott Morrison have 'pinned their economic credentials' on being able to deliver a surplus in the 2019-20 budget. The April budget will be the first delivered by Josh Frydenberg after his appointment to Treasury in August last year.
TheKouk JoshFrydenberg ScottMorrisonMP Yes, because the last Labor surplus was 6 years before I was born .Our AAA credit rating relies on us getting back to surplus. The AAA credit rating allows up to borrow at the lowest rate- most don't realise how fragile things are, we have become complacent.
TheKouk JoshFrydenberg ScottMorrisonMP But how's the Economy performing under their leadership! OH DEAR! Auspol
TheKouk JoshFrydenberg ScottMorrisonMP A projected surplus at that
TheKouk JoshFrydenberg ScottMorrisonMP shhhh!!! dont mention per capita recession. For 6 years LNP killed the ecomony by forcing low wages & taking every single dollar from family payments, this combined, family budgets squeezed, EVERYTHING up 3 or 4 times inflation. Families struggling but dont expect LNP to get it.
TheKouk JoshFrydenberg ScottMorrisonMP That photo reminds me of Dumb & dumber..
TheKouk JoshFrydenberg ScottMorrisonMP Its Not a surplus when its only a prediction. They have more than doubled our National Debt