Invite all Australians to participate in a budget repair strategy

9 January 2023 by Glenn Barnes

Governance

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.

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