The Herald’s View has called on the Albanese Government to return the federal budget to surplus by, among other things, lifting personal income taxes:
Australia had no choice but to run a big deficit during the pandemic, but it should not be running a deficit now when the economy is booming.
Unemployment is lower than it has been in 50 years, meaning social security benefit payments are lower. And the price on world markets of Australia’s exports, especially coal and gas, is close to record highs.
