Eminence Advisory analyst Dimitri Burshtein said the Australian Labor Party government is in "denial or delusion" regarding rising inflation [1].

The critique suggests that current fiscal management may be obscuring the true state of the national economy, potentially risking the country's credit standing with international monitors.

Speaking with Sky News host Chris Kenny, Burshtein said the government is the primary driver of the current economic climate [1]. He said the only source of inflation and the economy is the government [1].

Burshtein said the Labor government has attempted to hide its financial impact by shifting expenditures. He said they have moved spending off budget to mask it [1]. This tactic, he said, will not deceive professional evaluators — specifically stating that rating agencies will see right through the maneuver [1].

The analyst's comments highlight a growing friction between private economic advisors and the government's public narrative on inflation. Burshtein said the administration dismisses its own role in driving high inflation [2].

This debate centers on whether the inflation is a result of global pressures or specific domestic policy choices. By claiming the government is the sole source of the issue, Burshtein places the responsibility for price increases directly on the Labor Party's spending habits [1, 2].

“"The only source of inflation and economy is the government."”

This critique points to a significant disagreement over fiscal transparency and the cause of inflation in Australia. If the government is indeed moving spending off-budget to hide deficits, it could lead to a downgrade from credit rating agencies, which would increase the cost of borrowing for the state and potentially worsen the inflationary cycle.