(MENAFN- The Conversation) With Jim Chalmers's third budget on May 14, Australians will be looking for some more cost-of-living relief – beyond the tax cuts – although they have been warned extra measures will be modest.
As this week's consumer price index showed, the battle with inflation has not yet been won. The government can't afford to have an over-generous budget add to inflation and further delay a pre-election reduction in interest rates.
In this podcast, we're joined by independent economist Chris Richardson to discuss the budget and Australia's economic outlook.
Richardson say while the growth figure will be downgraded in the budget, not all is bad,
On inflation, however, he says the new figures paint a much bleaker picture,
Like many other economists, Richardson is critical of Anthony Albanese's Future Made in Australia interventionist industry policy. He says while there's some potential benefit, the government doesn't seem to be focused on the right areas,
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