“Complex” budget questions not helpful, Bullock saysMs Bullock dodged questioning from Senator Hume over whether Treasurer Jim Chalmers’ May budget was expansionary or contractionary, arguing that answer was not simple.
“That’s a very complex question to answer,” governor Bullock said.
“The reason it’s not simple is it’s not the only thing that is impacting whether or not we’re [in] an expansionary or contractionary phase.”
Domestic and international conditions would impact Australia’s inflation path, not just the federal budget, Ms Bullock added.
“I don’t think it’s helpful to think about the budget and say it’s expansionary or contractionary without thinking about what else is happening in the economy,” she said.
Treasury secretary Steven Kennedy refused to answer a similar question from Senator Hume during Monday’s estimates hearing.
