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It’s time to give Labor’s first term a scorecard – have we actually seen any transformative vision?
This week’s budget was Treasurer Jim Chalmers’ third and – for practical purposes – final for the current parliamentary term. Even if the 2025 election is delayed long enough to give Labor another budget, that speech would represent more of an election manifesto than any deliverable legislation. We are therefore now in a position to assess the Albanese government’s record on public spending and taxation. Most strikingly, the Albanese government’s electoral strategy has constrained it to do little more than tweak the policy settings it inherited from the previous government, and adopt them as its own. There’s nothing new about opposition parties...
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