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Up in smoke: How one budget burnt a $115 billion hole in the nation’s finances

Budget policies intended to raise revenue led to a $115 billion shortfall by 2030, driven by tobacco excise declines and a costly GST deal for Western Australia.

Summary by Sydney Morning Herald
It’s now clear two decisions by Scott Morrison and Josh Frydenberg in 2018-19 have created huge fiscal headaches for all taxpayers.

3 Articles

Sydney Morning HeraldSydney Morning Herald
+2 Reposted by 2 other sources
Lean Left

Up in smoke: How one budget burnt a $115 billion hole in the nation’s finances

It’s now clear two decisions by Scott Morrison and Josh Frydenberg in 2018-19 have created huge fiscal headaches for all taxpayers.

·Sydney, Australia
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  • 100% of the sources lean Left
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Sydney Morning Herald broke the news in Sydney, Australia on Wednesday, December 31, 2025.
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