CAMERON BAGRIE: Govt accounts will up ante on tax debate

The pre-election economic and fiscal update (prefu) will be notable for both what it says about the current position, but also what it and documents such as Treasury’s statement on the long-term fiscal position - released post-election - allude to down the track.They will show just what a hard slog getting the fiscal accounts back in order will be. This will mean more pressure and debate over the need to raise taxes.First the good news.Fiscal policy is the right tool, and borrowing big to support the economy in the near-term has been the...