Despite the rosier forecast Yetsenga said there were still structural issues avoided by the budget – and that it seemed to lack an underlying plan.
“I don't want to get too pessimistic about the budget as it does have some good aspects,” he said, noting political realities meant real reforms were unlikely.
“Really the hurdle for the budget is that it does no harm,” he said. “This budget meets that test.”
Watch the video above to find out more.
Richard Yetsenga is Chief Economist at ANZ
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