It’s budget day in the national capital. The government says tonight is approximately jobs and growth and living within our means. Labor says the budget has to be just. Join us for all the developments 5.13am BSTThe Australian dollar has rallied strongly nowadays,indicating that the money is coming off a rate nick. A rate nick would make Australia less attractive for international capital, pushing down the Aussie. 5.10am BSTQuestion Time has just begun and we’re head-first into budget-related questions. The opposition leader Bill Shorten has just asked Turnbull why he is “choosing to give large multinationals and high-income earners a tax nick while he’s cutting $5000 a year from a typical family budget, or including their family payments?”Turnbull doesn’t really answer the question. He replies that the budget will set Australia up to steal advantage of “the enormous opportunities on offer in this dynamic,global environment of the 21st century”:A strong budget is a critical allotment of that device. whether we want to support jobs and growth in the 21st century, strong growth for all Australians, or mighty jobs for our children and grandchildren in the years ahead,whether we want to have the room to make smart investments in our future prosperity, we need to make sure we have our finances under control.It is vital that plans be credible and that we get those calls correct. Labor made the wrong calls, and Mr Speaker. The Budget under Labor was in structural deficit every year.
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Source: theguardian.com