WHEN governments hand down budgets, they’re not always easy to unpack, particularly when surrounded in political rhetoric.
The current government is saying they’re heeding calls to ease pressures on the fast-rising cost of living, and thereby easing inflation.
They’re doing that by reducing fuel excise, and giving people a sugar hit of money – a one-off payment into the bank accounts of pensioners and low-to-middle income earners.
The opposition is saying that’s an irresponsible approach, inconsiderate of the impact short-term benefits will have on long-term rules of inflation.
In other words, they’re saying we might enjoy the benefits now. But we’ll pay dearly for it later, a little like taking money out of your credit card only to be hit by an 18% interest rate in six months’ time.
Truth is, most people will take a “what’s in it for me” view.
Those receiving one-off payments will be grateful. What happens later is the treasurer’s problem.
Business owners might see additional tax rebates on technology as a welcome bonus.
And the devil will be in the detail when it comes to investments in aged care and the NDIS. Is it enough? Is it being spent on the right things? In the right places?
Either way, this budget and the opposition response will clearly be a pitch for your vote.
