With rising inflation, a war in Europe affecting global fuel costs, and ongoing supply strain issues, this year’s budget is shaped not just by the upcoming election but a growing cry in the community about the cost of living.
But despite some significant multi-billion dollar spends within the next six months, the deficit is predicted to shrink considerably from last year (and the shock of 2020) to just $79.8 billion – largely due to factors out of the government’s control.
