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Speaker 1: Liam Dan, the Herald's Business editor at large, is with

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Speaker 1: us Lebra Hallo. Yeah, either right, what do you reckon

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Speaker 1: of the budget?

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Speaker 2: What do I reckon of the budget? Oh? Gee, yeah,

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Speaker 2: some good stuff and some maybe yeah, like some not

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Speaker 2: so good stuff. But look, I was pleased to see

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Speaker 2: the depreciation tax tax there, and there's you know, they

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Speaker 2: put growth budget at the top of things, and you

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Speaker 2: know they've got to do something that might actually help

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Speaker 2: help drive productivity and create some growth. So that that's

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Speaker 2: a positive.

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Speaker 1: Yeah, And is that it? That's the only positive? Any

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Speaker 1: more negatives? Like, what have you got?

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Speaker 2: Give me some Well, look, you know, if you want

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Speaker 2: to start looking at the actual numbers below the hood,

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Speaker 2: there's plenty of negatives. There's no question there. I mean,

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Speaker 2: I was looking at the Treasury forecasts. If you look

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Speaker 2: at the top line numbers, they all look pretty good

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Speaker 2: if you if you take technical face value, which we

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Speaker 2: probably shouldn't, but you know, two point nine percent average

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Speaker 2: growth over the next four years, three percent growth in

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Speaker 2: twenty seven. House prices are going to grow six point

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Speaker 2: seven percent.

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Speaker 1: It's a little bit rosy.

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Speaker 2: That is very rosy, and it looks you know, look

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Speaker 2: it they're not taking too much of a punt on

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Speaker 2: what happens in the in the you know, the tariff

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Speaker 2: turmoil and all that sort of stuff. But you know,

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Speaker 2: the rosy stuff, we could take that. But when you

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Speaker 2: when you look under the hood, I guess the issue

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Speaker 2: is that the government's just in that tight spot that

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Speaker 2: we've talked about before. So there are certainly people saying

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Speaker 2: they should have done more to cut back and try

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Speaker 2: and work a bit harder to balance the books. I mean,

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Speaker 2: there's no no surplus at all on the horizon if

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Speaker 2: you use the traditional you know, operating balance measure, the

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Speaker 2: Obergel measure, and you don't just exclude acc which is

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Speaker 2: the ober Gel X. It's a bit like sort of

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Speaker 2: saying that, you know, you know, I'm not spending too

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Speaker 2: much money as long as they don't count the records

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Speaker 2: I'm buying every week or something like that. So you know,

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Speaker 2: it's you can you can ring fence anything. But yeah,

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Speaker 2: so look, yeah, it's a difficult one. I mean, I

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Speaker 2: think it's going to be a difficult one to sell

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Speaker 2: in some ways to a key We savor was a

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Speaker 2: bit of give and take and maybe a step in

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Speaker 2: the right direction.

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Speaker 1: I mean, I think they've kind of balanced things so

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Speaker 1: that they you know, a bit of criticism in a

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Speaker 1: little bit or not hate. Liam. Thank you as always

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Speaker 1: really appreciated mate. Enjoy evening. That's Liam Dan, the Herald's

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Speaker 1: business editor at ladd.

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