Katy Gallagher thinks the budget can win over critics of a Future Made in Australia
Katy Gallagher tells Capital Brief this year’s budget has been the most difficult yet because of the competing challenges of inflation, cost of living and slowing growth.
Finance Minister Katy Gallagher says next week’s budget will fill in the gaps of the Albanese government’s flagship Future Made in Australia policy, insisting people will see the approach is not a return to protectionism.
In an interview with Capital Brief, Gallagher divulged that this year’s budget has been the most difficult yet because of the competing challenges of inflation, cost of living and slowing growth.
She admitted it has become more difficult to find savings in each budget but revealed the government’s ongoing spending audit has this year identified $27.9 billion in savings and reprioritisations - bringing the total to $77.4 billion since Labor came to government.
The budget will be delivered a month after Prime Minister Anthony Albanese announced the government will introduce a new Future Made in Australia Act to combine a number of existing measures with new spending as part of a push to bring manufacturing and cutting-edge research back to Australia and aid the transition to net zero emissions.
