There was a “missed opportunity” for the budget to address productivity and wages, but a surplus will give markets confidence, says Business Council of Australia Chief Executive Jennifer Westacott.
“But it’s driven by those higher company taxes, those higher personal taxes, driven off strong Labor market, commodity prices,” Ms Westacott told Sky News Australia.
“The risk for us though…you’ve put big structural spends in off the of temporary and often volatile revenue increases, and against the backdrop of a feeble, dismal one and a half per cent economic growth rate.”
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