Liberals: Newstart lift bad for Budget. But cash for retirees is great!

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Liberal MP, Julian Leeser, has hosed calls to raise Newstart, arguing that the federal budget simply cannot afford it:

An increase to the dole would have a major implication for the budget bottom line at a time when there is a need for strong fiscal management, a Liberal backbencher warns.

Prime Minister Scott Morrison this week again batted away calls for an increase to Newstart – even from former Nationals leader Barnaby Joyce – saying the unemployment benefit will continue to be adjusted with inflation every six months.

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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.