I am not going to pass judgment on what could be or should be deferred. I would, however, say that when you look at the composition, $150 billion over about five years, about a third of that ends up being defence spending, additional defence spending on the part of the government. Another substantial chunk is the decline in revenues associated with the reduction in the lowest personal income tax rate from 15% down to 14% and the elimination of the digital services tax.
Could it be deferred? Could those things be deferred at this point? It ends up very much being a policy question of what are the priorities of parliamentarians.
