The federal opposition is banking on voter support for fiscal restraint, unveiling over $30 billion in spending cuts on Monday as a prelude to deeper savings ahead of the next election.
With the Reserve Bank of Australia poised to raise interest rates next week, the opposition argues that voters are increasingly connecting government spending to rising rates, particularly after the extensive pandemic-era stimulus measures.
The move signals a shift toward budget discipline, positioning the opposition as ready to tighten fiscal policy if elected.