Accountants call for ‘brave’ Budget

Australia must take swift action to avoid a pensioner-induced budget crash. That’s the dire warning from Chartered Accountants Australia and New Zealand (CAANZ), which has claimed Australia’s ageing population and growing budget deficit present the country with pressing challenges, and that the Federal Budget should be a key vehicle towards fixing it.

CAANZ represents more than 117,000 financial professionals, and argued that the nation needs brave budget decision-making and long-term planning that thinks beyond election cycles and four-year forward estimates.