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

Flat White

Federal Budget forgets what Hawke knew about growth

4 June 2024

2:00 AM

4 June 2024

2:00 AM

‘We will not be able to just spend our way out of the mess: we must work our way out of it, work our way out of it together,’ said then opposition leader Bob Hawke in a seminal speech delivered in Sydney just a month before the 1983 election.

Hawke went on to argue, ‘It is time for controlled, responsible, stimulation of the Australian economy … what I do offer is a program to produce growth and expansion in the economy.’

Over Hawke’s time as Prime Minister, average annual real economic growth hit 3.5

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

Unlock this article



Don't miss out

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

Already a subscriber? Log in