Carrington Clarke

That's forced up prices around the world.

But Australia's actually benefited, at least at the budgetary level, because we are a major net exporter of energy in the form of gas, particularly, but also in the form of coal.

We're an energy superpower.

And so what these numbers show us is actually corporate tax receipts are going up a lot next year.

because of these inflated prices.

Now, that's offset slightly because they think they're going to get slightly less from income tax receipts because they think the unemployment issue might get a little bit worse.

People won't be working as many hours.

But what is fascinating about that to me is that you're taking in more money, but actually you're also spending more money.

Now, the net position might be...

better than it would otherwise be.

But I think the opposition is going to seize upon this and say, well, they're still spending too much, they're spending more.

This seems to partly maybe be continued blowouts in the NDIS, more spending on defence, etc.

But that question about whether or not they're adding to demand at a time when we've already got inflationary pressures, I think is going to be playing out over the coming weeks.

So one of the things I found interesting is because we did know.

We knew that they were going to be changing negative gearing.

We knew that they were going to be doing changes to CGT.

We didn't know exactly how it would be put together.

I found it interesting seeing how they tried to defend their position because they know people are going to come out and say –

These changes are just going to lead to higher rents and they're going to lead to lower house prices, which is going to hurt people who already own them.

So the claims in this document are that the changes that they're making will lead to a $2 a week increase in rents.