on air now

Budget needs ‘bigger buffer’ to get through tougher times on the horizon

The government is confident it can return the budget to surplus by 2019-20.

The surplus would be small, expected to sit around $2.2 billion.

CEO of the Australian Chamber of Commerce and Industry James Pearson says this budget focuses on growth in tax receipts and money coming in rather than cutting spending.

Mr Pearson tells Ross Greenwood the outlook is promising but spending constraints don’t go far enough.

“We’d like them to go further.

“We do live in an uncertain world.

“Things are pretty good at the moment but we know there’s a lot of uncertainty politically, economically, internationally.

“A buffer is needed and we’d like to see a bigger buffer in the Budget to get us through those rainy days.”

Click PLAY below for the full interview