The treasurer wouldn't tweak the parameter estimates such that national net debt forecast comes in just under one trillion dollars... would he?
Treasurer Josh Frydenberg wouldn’t tweak the parameter estimates such that national net debt forecast comes in just under one trillion dollars, would he?
It’s certainly very close indeed, and by the look of the outlook, we won’t have stopped running deficits in 2024-25. That may be the year in which Australia tops a trillion dollars in net debt.
Borrowing is cheap, we can afford it. But still, it’s a menacingly large number.
Help us keep up the fight
Get Crikey for just $1 a week and support our journalists’ important work of uncovering the hypocrisies that infest our corridors of power.
If you haven’t joined us yet, subscribe today and get your first 12 weeks for $12.
Editor-in-chief of Crikey