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Frydenberg defends budget as ‘true to values’ of Liberals
Treasurer Josh Frydenberg says his budget stays true to the Liberal Party's values and principles, but it also responds in the middle of a pandemic. Mr Frydenberg last year spoke of supply-side reforms inspired by policies from Margaret Thatcher and Ronald Reagan – a contrast to the high spending seen in Tuesday’s budget. “If you want to quote doyens of the Liberal Party, whether Menzies, it could be Howard, as Australia's second longest serving prime minister, and as he said to me very clearly, ‘at times of national crises, there are no ideological constraints,’ Mr Frydenberg said. “And if I walk into the wilderness one day and know that I have done my small bit to help a generation of Australians avoid long-term unemployment, what the economists call the scarring of the labour market, I will be proud of that