<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

The economic statement: the real issues

13 May 2020

10:39 AM

13 May 2020

10:39 AM

The Treasurer’s ministerial statement to parliament yesterday – in place of the usual budget speech scheduled for that day — could have been expected to shed light on three aspects of the current crisis: the economic situation and outlook; the fiscal costs and the outlook for public debt; and policies for recovery. 

On the economic situation and outlook, Frydenberg provided a litany of dismal statistics. Coming from a government, this slant to the negative was as novel as the coronavirus itself, and surely the opposite of what we would have heard in a budget speech. Frankness is the beneficiary when the disaster clearly is not the...

Already a subscriber? Log in

Subscribe for just $2 a week

Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER


Comments

Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close