Labor’s saving plans won’t save AAA

Thursday 9 June 2016

As has been widely reported across the media, the Labor Party will today release a bunch of savings measures.

This comes in response to the release of a Parliamentary Budget Office (PBO) report estimating that Budget measures introduced by the Coalition but blocked in the Senate equate to $8 billion over the forward estimates and $34 billion over the decade, as well as growing concerns over Australia potentially losing its AAA-rating.

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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.