Short-term budgets vs long-term solutions

Is the 2022 budget a cash splash focusing on temporary fixes and pre-election problem solving? What options do governments have for long-term solutions?

Australian $100 notes laid out in a row

The recent budget announcement was described by many as a cash splash that focused on one-offs in short term measures aimed at helping with the cost of living as we head into an election.

With the pressures of inflation, interest rates and low wage growth continuing to be a long-term threat the question must be asked “What could the government have done differently to address these issues long-term?”

Today on the show, we look at the 2022 budget and explore the economic levers that the government has available to deal with these kinds of issues.

In this episode of Think: Business Futures, presenter Stefan Posthuma is joined by David Bond, Senior Lecturer in the Accounting Discipline Group at UTS Business School and Cameron Curko, Head of Macroeconomics and Strategy at Pitcher Partners Accountants.

LISTEN > Short-term budgets vs long-term solutions | 5 April 2022 | 27 min

Guest bios

Dr David Bond is a Senior Lecturer in the Accounting Discipline Group at UTS. See David Bond's bio on UTS experts.

Cameron Curko is Head of Macroeconomics and Strategy at Pitcher Partners Accountants. See Cameron Curko's bio on LinkedIn. 

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Think: Business Futures is produced by 2SER in partnership with UTS Business School.

Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.