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Follow The Money
October Budget Wrap
Oct 27, 2022
Richard Denniss, Executive Director of the Australia Institute, along with other experts, dissect the October Budget, addressing winners, losers, and missed opportunities. They discuss Australia's revenue problems, the Labor government's budget impact, structural deficit, taxation of gas industry profits, ATO funding, and economic strategies in different nations.
33:51
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Quick takeaways
- The October Budget focuses on addressing cost of living challenges and introduces measures like childcare subsidy increases.
- The podcast critiques the budget's handling of the structural deficit and emphasizes the importance of effective revenue collection from multinational corporations.
Deep dives
Overview of Budget 2022
The podcast episode delves into Treasurer Jim Chalmers' first Budget, highlighting its focus on cost of living. With a prediction of a $181 billion deficit over the next four years, the tone emphasizes a shift from doomsday predictions due to debt. The budget aims to address various economic challenges, including soaring power bills impacting 26 million Australians differently. It stresses responsible budgeting amidst inflationary pressures and outlines measures to tackle the cost of living.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode