Editor's note

In a little over two weeks Australian Treasurer Scott Morrison will hand down his second federal budget. He’s describing it as “not a centrepiece”, but the budget has always been regarded as the centrepiece of fiscal policy in Australia. Perhaps, writes Phil Lewis, Morrison is playing it down because there’s likely to be little in it that addresses the real reform required to deliver jobs and growth.

Jenni Henderson

Editor, Business and Economy

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The budget is a centrepiece of fiscal policy in Australia. Julian Smith/AAP

The real reason Scott Morrison is playing down the budget

Phil Lewis, University of Canberra

Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.

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