Canberra Observed debt

One guarantee in budget: Debt for the foreseeable future*

The eye-watering numbers from this year’s Budget are difficult to comprehend, with all the conventional Coalition rules about fiscal responsibility and prudent economic management seemingly thrown overboard.

Such are the unusual times, that criticisms of Treasurer Josh Frydenberg’s massive $213 billion deficit have been largely confined to commentary that it is more like a “Labor Budget”. Labor itself says it should have gone even further with even more money spent on things like unem…

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