The Federal Treasurer is now in the important stages of
preparation for his May Budget. As he does this, he needs to address a
structural deficit and chart a path back to the surplus required to reduce debt
accumulated during the COVID shutdowns. Additionally, the growing costs of the
NDIS and an ageing population need to be funded.
There are significant political hurdles to overcome in
making the hard revenue and spending choices needed to overcome the structural
deficit. Only through effective engagement of the population can the hard
decisions be made in a way that neutralises the political risks.