Australian government being bullied by the RBA to move towards irresponsible austerity (opens in new tab)

Last Tuesday (May 12, 2026), the Australian Treasurer introduced the 2026-27 Fiscal Statement (aka Federal ‘Budget’). I have been reluctant to comment on the ‘Statement’ given the constant repetition by the Treasurer about a ‘trillion dollars of debt’ and all the rest of the flawed conceptual development and nomenclature that has surrounded its release and subsequent public commentary. But I do want to make a few comments on some of the detail and subsequent commentary. The Government is runn...