Labor has wasted its budgetary luck, and now it's running out

Politics and Government Politics and Government

Sun, December 1, 2024

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

Australia news LIVE: House values tumble as econo .. uggles; Michael Rowland leaves ABC News Breakfast

[ Sun, Dec 01st 2024 ] - Brian Stokes

President Biden pardons son Hunter, breaking promise as he leaves office

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

Anthony Albanese reveals the alarming reason why Aussies are poorer in 2024

[ Sun, Dec 01st 2024 ] - Brian Stokes

2-party system does not guarantee political stability, says political scientist

[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Phil Bruner

How native Indian herbs and ingredients help in the growth and development of gut microbiota

[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Tim Hastings

Leadership mantras to learn from Nvidia CEO Jensen Huang

[ Sun, Dec 01st 2024 ] - Brian Stokes

'Intermittent and unreliable': Australia has 'massively overinvested' in renewables

[ Sun, Dec 01st 2024 ] - Brian Stokes

Four big deadlines in 2025 that will put Congress and Trump on a collision course

[ Sun, Dec 01st 2024 ] - Brian Stokes

Hey liberals, do you like this hegemony of ours? Then you'd better damn well act like it

[ Sun, Dec 01st 2024 ] - Brian Stokes

Trump picks loyalist Kash Patel to head FBI

[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

Trump taps loyalist Kash Patel as choice for FBI director

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'FOX News Sunday' Panel: How Will DC Regulate AI? Backlash Against Trump Cabinet Picks

[ Sun, Dec 01st 2024 ] - Brian Stokes

What happens next after Trump chooses FBI critic Kash Patel to remake the agency

[ Sun, Dec 01st 2024 ] - Brian Stokes

Bernie Sanders admits 'Elon Musk is right' to slash Pentagon with DOGE: 'Lost track of billions'

[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

Trump taps billionaire family member Massad Boulo .. senior presidential adviser on Arab affairs role

[ Sun, Dec 01st 2024 ] - Brian Stokes

Trump pick Kash Patel must prove he'll restore public faith in the FBI, a leading GOP senator says

[ Sun, Dec 01st 2024 ] - Brian Stokes

Kash Patel Would Bring Bravado and Baggage to F.B.I. Role

[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Thomas Matters

Stock futures are little changed after Dow and S&P 500 notch best months of the year: Live updates

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

Tren de Aragua is 'wholly an issue' created by Biden admin, says ex-DHS official

[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

Canada's ambassador to the US says Trudeau's dinner with Trump key to getting tariffs removed

[ Sun, Dec 01st 2024 ] - Brian Stokes

Canadian Prime Minister Trudeau meets with Trump in Florida after tariff threats

[ Sun, Dec 01st 2024 ] - Bill Williamson

Your money, the economy, taxes might change in 2025: Experts offer predictions

[ Sun, Dec 01st 2024 ] - Brian Stokes

Labour conference: Chris Hipkins says 'yes' to Dunedin Hospital and 'no' to Aukus

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Phil Bruner

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Thomas Matters

Here's How a Trump Presidency Could Affect Cryptocurrency for the Next 4 Years

[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

Sunday Snapshot: Trump's tariff toolkit

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Hubert Carizone

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

How many SEC teams should College Football Playoff have? Greg Sankey makes his case

[ Sun, Dec 01st 2024 ] - Brian Stokes

Meet Kash Patel, Trump's Nomination for FBI Director

[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

Convicted felons cannot travel to these countries: will President Trump be allowed in?

[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Aaron Neefham

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Thomas Matters

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Michael Jones

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Tim Hastings

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Terrence Williams

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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[ Sun, Dec 01st 2024 ] - Bill Williamson

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[ Sun, Dec 01st 2024 ] - Brian Stokes

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Labor has wasted its budgetary luck, and now it's running out

^{Published on 2024-12-01 13:30:54 - Brian Stokes, N@N}

The luckiest government Australia has seen did not take the opportunity to get the national budget better prepared for the long haul.

The article from the Australian Financial Review discusses the Australian Labor government's handling of the federal budget, highlighting a perceived squandering of economic advantages inherited from the previous administration. It critiques the government's fiscal strategy, pointing out that despite inheriting a strong economic position with low unemployment, high commodity prices, and a robust budget surplus, Labor has not capitalized on these conditions. Instead, the article argues, the government has increased spending, particularly on programs like the National Reconstruction Fund and the Housing Australia Future Fund, which are seen as inefficient or misaligned with economic priorities. The piece suggests that this has led to a deterioration in the budget's structural position, with rising debt and deficits projected into the future. It also mentions the government's failure to address productivity issues, the lack of significant tax reform, and the potential for future economic challenges due to these policy choices. The author implies that the government's luck in terms of economic conditions is running out, and without a change in strategy, Australia could face economic difficulties.

Read the Full The Australian Financial Review Article at:
[ https://www.afr.com/politics/federal/labor-has-wasted-its-budgetary-luck-and-now-it-s-running-out-20241120-p5ks2k ]

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