A budget lesson for Mathias Cormann

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By Leith van Onselen

Finance Minister, Mathias Cormann, gave an interview on ABC Radio this morning in which he downplayed the IMF’s warning about Australia’s growth prospects and talked-up the prospects for Budget repair:

MICHAEL BRISSENDEN: The IMF is warning that the Government’s budget repair is in danger because of over-inflated revenue and spending expectations. It’s saying economic growth is likely to be closer to 2.5 per cent, well short of the forecast 3.5 per cent?

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.