Good riddance to budget kites

Good riddance to budget kites

I expect we’ll have much ado about everything except property taxes in Budget 2018

Budgets are about expectations. They always have been. It doesn’t matter if the economy is expanding or contracting. The budget is the one moment in the year when the government has the attention of the majority of its citizens. It is vital to manage how citizens, business and the international community react to the budget announcements.

Managing the expectations of an expanding economy is now much easier, thanks to fiscal rules. These constrain the...

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