VIDEO: the key to Budget2017

The Australian Government has attempted an ambitious budget tonight and should be welcomed.

" The Australian Government has attempted an ambitious budget tonight and should be welcomed."
Richard Yetsenga, Chief Economist, ANZ

There’s plenty in the document to stimulate debate and discussion. If the Government wanted to take control over the economic debate or at least take back some element of control they’ve probably succeeded in doing that.

The three tests that we’ll be using to assess the budget are around whether it promotes economic efficiency ultimately with an aim of genuinely raising the standards of living, whether it promotes opportunity and has a sense of fairness about it and whether it pays due respect to the economic realities.

Australian Commonwealth Budget 2017-18

There are two main issues with the budget I think may end up determining how successful it is. 

The first is the reliance around revenue measures, rather than expenditure and secondly in its effort to convince itself that there is such a thing as good debt and bad debt rather than debt. 

Watch the video above to find out more.

Richard Yetsenga is Chief Economist at ANZ

You can read BlueNotes’ FULL COVERAGE of #Budget2017 HERE

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

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