Australia to fight inflation by... you guessed it, SPENDING MONEY 🤡

"With added spending in these areas and the increased drag from lower commodity prices and a weaker labour market alongside the stage 3 tax cuts the Budget surplus of around $9.3bn in 2023-24 quickly returns to deficits of around $28.3bn in 2024-25 and nearer $43bn in 2025-26. The potential for more election-related spending remains a risk.#

Source: 2024 Federal Budget: NAB Economic Commentary