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Lots of much-needed sugar hits – but not much meat – Sydney Morning Herald

The budget is loaded with sugary stimulants to get the system moving by the next election, but without a long-run muscle-building program for the years beyond.

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And today’s? This budget expects to be in deficit by 11 per cent of GDP, or $213 billion. It is an extraordinary deficit and it will usher in an era of extraordinary debt. And you wouldn’t quibble with any of it.
With backdated tax cuts for most workers, a $200 a week payment to companies for each new person they hire under the age of 30, and a super-generous investment incentive available to all companies except the very biggest, the government is adding $98 billion in new support measures. On…

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