Budget 🧵 Big spending budget so I’m sure plenty to please people: Health gets a big whack which is good. Let’s hope it actually improves people’s health rather than increase admin overheads 1/n
The $350 cash transfer is good, as will be a good test of how the payment system works in getting the funds out the door. Ignores those at the bottom who really need it 🤷🏽♂️ but does signal the journey towards a UBI is underway 👌 2/n
Also good to see changes to unfair Child Support payments for sole parents and investment into the Disability issues. Be interested to see what people think about that. $107m over 4 years to set up operate a new Ministry? 3/n
Extending cut in Public Transport and fuel tax for 2 months is lovely but this is just fiddling around. Should make the PT a cut permanent as a shift towards free PT. Fuel costs should be dealt within a Tax and Dividend structure 4/n
Always interesting reading through the summary of initiatives and see where all the money is going. IT nerds will be delighted to see $84m going to funding RealMe ‘to ensure the platform remains fit-for-purpose’ 🤓 5/n
The big miss here is the lack of tax reform. The government cannot continue to fiddle around in this issue. We need a major boost to incomes but also a tax on property to help fund it. This tax shift is absolutely critical to rebalancing the system 6/n
The new fiscal rules are pointless. Net debt is forecast to be at 15% by 2026. It’s time for the government to seriously invest into long-term climate adaptation, social equity and an innovative economy that will be fit for the future 7/n
This is a middling budget. It doesn’t talk to the long-term impact of Covid and the realities of the shifting geo-political situation. We need serious structural change now if we are to build a sustainable future. Looking forward to #Election2023 8/8
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