Attack debt and deficits by going for growth
almost 4 years in theaustralian
Josh Frydenberg and Finance Minister Mathias Cormann are sitting on an ugly set of numbers. Thursday’s economic statement will reveal the deepest fiscal hole since World War II. Last year’s budget forecast of a “back in the black” surplus has been obliterated; this year’s deficit could end up twice as large, or around 10 per cent of gross domestic product. It’s a rolling financial catastrophe, as emergency spending and a huge drop in revenue conspire to open up a vast sea of red.
Who is popular today?
