By Stephanie Sardinha
Budget night is an exciting night for any political enthusiast like myself. I thoroughly enjoyed watching Scott Morrison deliver his budget in parliament house of the 8th of May, and decided to share my thoughts.
What’s interesting about this budget, is that it’s an election budget. And with any good election budget comes proposed measures that will attempt to get the government re-elected
This budget was characterised by tax cuts. BIG tax cuts. Tax cuts to give back to ‘middle Australia’ by avoiding bracket creep. Tax cuts sound appealing to all Australians, particularly those who have recently gained employment as a result of the Coalitions ‘1000 new jobs a day’ policies.
But these tax cuts are reasonably long term given that a government’s term is only 3 years. ScoMo promised that big results would be seen in 2024/25.
Is this a ploy to have the government continually re-elected to see this delivered for the next few terms? Maybe, but perhaps the evidence may lie in the way Scott Morrison delivered his budget.
Treasurers have always been known to over-exaggerate the impact that their budget will deliver on the Australian economy and the lives of Australians. Morrison is the opposite. His December forward estimates were well below the figures he delivered a few weeks ago, much to the delight and praise of the government.
Was this praise down purely to strong economic growth facilitated by the government? Or was it Morrisons attempt to lower the nations expectations so that he could exceed them?
If it’s the latter, it has succeeded. The government has rapidly improved its ratings in the polls, and if they’re able to maintain the momentum, they might have a chance of winning the next election.