The key points are:
The upcoming Budget is an ideal opportunity to reframe government policy to put the economy onto a stronger path. The latest global crisis adds to the case for this.
The five key things the Budget needs to do are: limit any “cost-of-living” relief; cut government spending over four years; undertake serious tax reform and not just tax hikes; significant productivity enhancing reforms like less red tape & more incentives to invest; and reform the Charter of Budget Honesty.