1 post tagged “economics”

I have just spent my Tuesday night watching the Budget speech. Yes, it was handed down tonight. And yes, this is the most exciting night of the economist's year. Not that I am an economist, of course.

Being as objective as I possibly can (I did vote for this current government), it probably is an appropriate budget, given the current economic situation. No doubt, it's a rather contractionary budget, with record surpluses and reduced spending growth (spending has increased, but below the rate of inflation), while living up to the election promises. And I am very glad that education, infrastructure and health have gained the attention deserved.

Yes, unemployment will rise, but I'm sure this would be preferred to unfair workplace conditions which would just lead to a growing  'working underclass'.

I'd be more supportive of the budget if he didn't cut funding to the Chamber Orchestra. Those guys work hard, and deserve the funds.

But it's a good budget. Reasonable, appropriate, and economically sound.