Labor eyes off savings to bring budget under control
The Morning Edition
English - May 30, 2022 04:13 - 15 minutes - 14.4 MB - ★★★★ - 14 ratingsBusiness News News Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Anthony Albanese's whirlwind first week as prime minister
The new Labor government could cut or wind back billions of dollars worth of infrastructure projects promised by the Coalition, as it tries to bring the budget under control.
Labor has inherited a forecast deficit of $80 billion this financial year, while gross debt is on track to reach $1.2 trillion within three years.
In the frame are more than $20 billion in infrastructure projects promised by the Coalition during the election campaign, which haven’t been vetted by Infrastructure Australia.
Today on Please Explain, senior economics correspondent Shane Wright joins Bianca Hall to discuss what could be on the chopping block.
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