00:00 What we want to see in this budget is restoring a standard of living, taming inflation, fiscal
00:08 restraint, bringing back that fiscal discipline, those guardrails around the budget that we've
00:14 seen as a hallmark of coalition budgets in the past, and then of course restoring opportunity
00:19 and prosperity to all Australians.
00:21 But that doesn't seem to be what we're seeing.
00:23 In fact, I would agree with Anthony Albanese when he says that this is a true Labor budget
00:29 through and through.
00:30 It is high tax, high spend, and Australians will be worse off for it.
00:34 Jim Chalmers is returning a surplus, not because of his hard work, but because of the hard
00:39 work of ordinary Australians.
00:41 This is a surplus that's been gained on the back of high commodity prices, and more importantly,
00:46 because of bracket creep, because people are paying more taxes because of the inflation
00:51 that Jim Chalmers has failed to tame in his past two budgets.
00:55 His past two budgets have failed to do what they should set out to do.
00:59 This one looks like it's going to be no different.
01:00 I think the only way he's going to be able to pay for these surpluses, quite frankly,
01:05 they're not structural surpluses.
01:06 These are windfall gains.
01:08 And that's demonstrated by the fact that he can't return structural surpluses into the
01:12 future because he hasn't made the hard decisions necessary to do so for the long-term prosperity
01:18 of the country.
01:19 Quite frankly, when he talks about a lower inflation target by the end of the year, you've
01:24 got to scratch your head and wonder at what cost, what gives in order for that to happen?
01:29 Why is his target so different to that of the RBA?
01:33 Is it because interest rates will take longer to come down now, which means that consumption
01:39 will be lowered?
01:40 Is it because unemployment is going to go up?
01:42 These are the things that we're going to be looking for in the budget tonight.
01:45 [BLANK_AUDIO]
