Tonight’s Budget confirms that Australian families and businesses are not a priority for the Albanese Government.
Prime Minister Albanese promised this would be a “true Labor budget” and tonight we know what this means: a big-spending, big-taxing con job that fails to tackle inflation or meaningfully address the housing crisis.
Under Labor’s Budgets to date, the typical Australian household with a mortgage is more than $35,000 worse off.
Instead of restoring budget discipline, Labor has added $315 billion of new spending, at a time when we need restraint.
That’s $30,000 of extra spending for every Australian household.
Migration is out of control with nearly 1.7 million new migrants coming to Australia over five years when housing approvals are at an 11 year low.
Under Labor, Australians are poorer. Australians know that despite the Treasurer’s spin prices are rising:
- housing is up 12%;
- rents are up 12%;
- insurance is up 26%;
- electricity is up 18%; and
- gas is up 25%.
And while the Budget forecasts unemployment to rise, the Albanese Government is adding 36,000 additional Canberra bureaucrats.
Labor is also giving big businesses over $13 billion in hand-outs, while refusing to restore the full instant asset write off to small businesses.
Labor is also failing to address the real concerns of businesses like energy prices, high inflation and out of control red tape.
Australians deserve better than this Government.
In these difficult economic times, Australians need a back-to-basics economic agenda that only a Coalition Government can deliver.
Kind regards,
Angus Taylor
Shadow Treasurer
