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Flat White

A Budget surplus would pose a political dilemma for Albanese and Chalmers

5 May 2023

4:00 AM

5 May 2023

4:00 AM

Those who cite Gough Whitlam as among Australia’s greatest Prime Ministers have a response when his critics point to his economic failures, such as inflation zooming to 18 per cent after wages growth topped 25 per cent on government encouragement and public spending doubled within three years.

The Whitlam fans retort that his administration was responsible enough to post Budget surpluses over its two completed fiscal years.

It’s true.

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