Shadow treasurer Angus Taylor says Australians will pay a high price if the fiscal policies contained in the Albanese government’s next federal budget fail to cool inflation. Taylor says reducing inflation should be one of the key objectives of Labor’s third budget, which it will unveil on Tuesday night.
“They haven’t delivered this cut in inflation, the home-grown inflation that we’ve seen under Labor – described as home-grown inflation by the Reserve Bank governor by the way – and the result is, if we have another flop in this budget, Australians will pay a high price.” The shadow treasurer accused the government of $209 billion in additional spending since it came to power two years ago. “That’s over $20,000 for every Australian household.
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