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Treasury fails to impress with budget plan

The Parliamentary Budget Office (PBO) has torn apart Treasury’s budget for the new financial year that starts in July, arguing that it has mixed up priorities and lacks a stimulus package to jump-start the economy.

In its latest report dated May 2020, “Unpacking the Estimates of Revenue and Expenditure for 2020/2021 and the Medium Term”, the budget office has also raised concerns that the Treasury has left the fight against the Covid-19 pandemic to well-wishers, which is not sustainable.

The taxpayer funds the office that provides professional advice in respect of the budget, finance and economic matters to parliamentary committees.

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