The task of framing the 2023-24 budget will be a delicate balance of complexities, unlike others in the past. Treasurer Jim Chalmers is confronting complicated global conditions on a number of fronts as well as the need to address budget repair, raising the spectre of politically difficult spending restraint. Withdrawal of stimulus in the post-COVID-19o0 environment, rising interest rates, runaway energy prices and higher inflation has triggered a challenging situation for government and business alike. While rear-guard action is fought against these unfavourable circumstances, what capacity remains for advancing a stronger Australian future?
Dr Chalmers told the audience that he woke up on Wednesday morning not thinking of the budget, but what’s next – the new well-being framework and the employment white paper. And the Mid-Year Economic and Fiscal Outlook will follow shortly after, along with a referendum vote on the Voice.
He said he was proud of his January essay in The Monthly that advocated for a new values-based capitalism – and was proud of the level of engagement that it provoked.
The treasurer then joined ACCI CEO, Andrew McKellar for a Q&A.
Date | Tuesday, May 16, 2023
Time | 12.30pm – 2.30pm Luncheon
Dress | Business attire
Location | Museum of Contemporary Art
Address | Harbourside Room, Museum of Contemporary Art Australia, 140 George St, The Rocks NSW 2000