With the May budget looming, the Australian government will implement major changes. Australian taxpayers will soon have a clearer picture of the future because, among other things, supply chain disruptions that have increased inflation and heightened geopolitical tensions have changed the global ‘energy’ landscape since CV19.
Over the past few years, the Australian government has tried letting things sort themselves out on their own, but it hasn't succeeded. But one thing is for sure: Australia has to get more involved in the OECD supply networks. If not, we're all as screwed as a pre-Budget night shorter!
Government intervention is the new global game. To quote Chalmers. ‘It’s not about replacing private investment, it’s about attracting it!’ However, I’d suggest that he is actually replacing private investment with the long term view that it will attract additional private investment to Australia because we are, if not, the most stable and secure jurisdiction in the world.
Bloody exciting times!
AIMO, DYOR, GLTA(patient)H
With the May budget looming, the Australian government will...
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