By Nicki Hutley | 13 May 2015

The Prime Minister promised, and the Treasurer has now delivered, a ‘dull’ budget for the year ahead. In the context of fiscal policy, ‘dull’ means nothing that will overly concern the electorate or undermine consumer or business confidence. There are a few winners and some losers, but little that can be classified as ‘unfair’ or that is likely to get the sort of furious response we saw following the 2014 Budget night announcements.

However, ‘dull’ also means that there is no medium to longer term strategic thinking about how the Budget can eventually be returned to surplus.

However, ‘dull’ also means that there is no medium to longer term strategic thinking about how the Budget can eventually be returned to surplus. This will inevitably require political resolve and an understanding by the electorate that there is no silver bullet to solve the problem.

This is an excerpt from our full budget analysis. To get a look at the bigger picture including:

  • Budget highlights
  • Key measures
  • Macro economic content
  • The verdict

Read the report summary.

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