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The New Daily
The New Daily
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Michael Pascoe

Michael Pascoe: The budget’s dirty little secret – we’re in trouble next year

The budget shows the government only has eyes on the election. Photo: AAP

Josh Frydenberg’s pea-and-thimble budget is worse than it looks, even more cynical than it appears – and a budget that headlines a $420 “tax cut” this year to hide a $1500 tax increase the following year looks very cynical indeed.

What’s tucked away in a single overlooked chart is the Treasury’s forecast that our economic recovery, the one supposedly “leading the world”, hits the wall next year.

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