Pre-election Budget postpones fiscal pain

While the Budget has been badged as focusing on “jobs and growth”, Treasurer Scott Morrison was clearly thinking about his own job and the probable Federal election on 2nd July when he crafted it. Morrison managed to give some money away before the election while also ensuring that Australia hung onto its AAA credit rating. This clever political trick could come back to haunt him, though, as it means the fiscal squeeze will be bigger the next time the country goes to the polls in 2019.