With an economy now 13% bigger than it was before the GFC, Government’s crying over ‘powerful global forces’ conspiring against its surplus promise is ‘crocodile tears’,  claims wealth advisory group Chan & Naylor.

Ken Raiss, a Director at Chan & Naylor, said that the Federal Budget greatest achievement is creating additional and unnecessary red tape. 

“The introduction of a levy to fund a super committee to look at a committee to do what the government should be doing is ill-considered and wasteful,” Raiss said.

He added that the budget leaves a lot to be desired. “The Federal Budget should be setting the nation up for hope and increased confidence rather than disillusionment,” he said.

“In response to this Budget I would like to see a Coalition plan that helps drag Australia out of gloom and doom, which ensures the safety of our AAA credit status and encourages small to medium as well as big business to expand and grow through innovation and employing aspirational Australians.”