Federal Budget 2022/23 – Resetting for an uncertain future

The second 2022/23 Federal Budget was handed down on 25 October 2022. The new Labor Government wanted to ensure its fiscal settings were in line with the Reserve Bank of Australia’s aim of controlling inflation. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the Budget numbers, the key policy announcements and the economic projections. In short with the fiscal policy impulse all but unchanged over the year, this should help monetary policy get on top of the inflation surge running through the economy. However the widening of the deficit in the out years could imply the need for future fiscal constraint.

 

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