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The Times

These budget numbers are shocking, and there are worse ones in store

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Even if the government hadn’t spent A$5.9 billion on JobKeeper and other emergency measures last financial year and wasn’t planning to spend a further $12.2 billion this financial year, its budget position would have collapsed.

The economic statement released Thursday morning shows it collected $13.2 billion less company tax than it...

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