Suddenly Labor are the fiscal conservatives

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By Leith van Onselen

As flagged yesterday, a federal election seems likely to be held on either 11 or 18 May 2019, after the Morrison Government announced that it will bring forward the 2019 Budget to 2 April. With the Coalition looking certain to take a flogging in the polls, Scott Morrison is likely to pork barrel marginal electorates to buy votes. Meanwhile, shadow treasurer Chris Bowen has advocated greater action on Budget repair due to the downside risks to the global economy. From The Australian:

The Prime Minister is expected to bow to pressure from marginal-seat holders with a cash splash leading up to the election, following the drubbing the Liberals received at Saturday’s Victorian election…

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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.