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Thank you, Treasurer.
The 2026 Federal Budget has marginalised the most pressing economic, social and political issue, productivity, and made it an insignificant footnote to the nation’s most defining fiscal statement.

Accountants, lawyers and to a lesser extent, bankers and financial planners will be substantial winners. They will be reviewing and analysing the taxation, investment, and capital implications for the defence, protection, retention, and advantages of assets, wealth, and wellbeing among clients, associates, and their own practices. None of which will materially, directly, and immediately contribute to much-needed enhancements in national, regional, local, and personal productivity ratios.

So, Australia’s most historically left-wing federal government will be true to its essential ideology, dissect the economy’s entrails, redistribute wealth to address its concerns about intergenerational equity, and oversee a static or contracting economic infrastructure.

Already, there are statements and signs appearing that declare:

Don’t blame me. I didn’t vote for them.

WHO’S RESPONSIBLE

Accountability, transparency and satisfaction necessitate acceptance of authority and responsibility.

Sadly, within the political sphere, each is deflected, and with it the prospects for growth, development, betterment and enhancement.

Therefore, now is the time for individuals and groups to speak up – loud, proud and repetitively. To be heard and seen.

They need to fill the power vacuum, take charge, exercise control, and wait for no one.

ELECTED, REJECTED, EJECTED

The current federal government frontbench is arguably ripe for being benched.

Albanese, Marles, Chalmers, Burke, Wong, Gallagher and Bowen have long track records. Lamentably, there is little to show in terms of benefits and advantages for the national electorate, the economy, the marketplace and the sovereign state of Australia.

Australia can do better. It needs to do better. It has energy and resources to do so. The government needs to step back and allow entrepreneurial, innovative, and creative forces to come into play, free from the shackles of bureaucracy, rules, regulations, and restrictions.

Chris Bowen, the Minister for Climate Change and Energy, is a prime example of the shortcomings of the present Federal government. Not one of his projects or concepts – solar panels, wind turbines, batteries and green energy included –
Is economically viable, sustainable, or operational without government funding, subsidies, support, or incentives.

None of those measures includes consideration of the costs of infrastructure and transmission, notwithstanding that neither solar nor wind comes via the Strait of Hormuz.

THE PATH AHEAD

Australians face challenges, including possible financial constraints and limitations, spillover effects from geopolitical chaos, and the need for prudence.

Individually and collectively, we have the capacity to succeed. Achieving the impossible may take a little longer.

Good budgeting will be essential.

Barry Urquhart
Business Strategist
Marketing Focus
M:      041 983 5555
E:       [email protected]
W:      www.marketingfocus.net.au

COMMENTARY: NAVIGATING TRUE NORTH

The primary purpose in business should always be to be true to oneself.
Beware disruptions and distractions.

Determine, document, articulate and adhere to your True North.

NOMINATE. NURTURE. NAVIGATE. LIKE. SHARE.