Pre-budget perspectives

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Running Time: 11:18

Date: 01/05/2023

The federal budget is imminent, and the big question is whether the government will break its promise and increase taxes. Labor must be tempted to use its relative electoral strength at the moment.

That’s according to our regular economics commentator, Professor Neville Norman of Melbourne University. Neville says it’s likely company tax won’t be touched, but there may be harsher treatment for super funds. And he says that Australia — even given interest rates and inflation — is performing very well compared to similar countries, and will weather well the coming global financial slowdown.