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‘Need an adult government’: Wilson warns Labor’s absurd spending fuelling inflation, recession risk
Shadow Treasurer Tim Wilson believes Canberra’s spending is inflating prices and leaving Australia exposed as economic pressures build.
Shadow Treasurer Tim Wilson has warned the federal government’s spending is worsening inflation and increasing the risk of an economic downturn.
His comments come as concerns grow about the economy’s direction, with rising fuel costs stemming from the crisis in the Middle East and weak private sector confidence weighing on growth.
Mr Wilson said the government was relying on public spending to support headline figures while underlying conditions deteriorate.
“The problem we've got is there's been a complete collapse in private sector confidence in Australia,” he told Sky News host Steve Price on Monday evening.
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