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Budget



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D eputy L eader of the O pposition

NEW RELEASE BY THE HON JOHN HOWARD MP D64/83

This budget takes an enormous risk with the

Australian economy.

Its very foundation - the Prices and Incomes Accord -

is already falling apart.

It is patently clear from a reading of Statement No. 2 that the Treasury is gravely concerned about the strategy of the budget. Treasury clearly believes, as indeed do most people in the marketplace, that the Prices and Incomes Accord is already beyond repair and

that as a consequence the budget strategy will fail with enormous consequences for unemployment, inflation and interest rates.

It is the biggest spending budget since the Whitlam years. It places enormous pressure on our external account. I believe it fails the essential test of

economic responsibility.

CANBERRA

23 August 1983

Parliament H ouse, Canberra, A C T. 2 6 0 0