this financial year with another $78 billion shortfall in 2022-23. That follows the nation’s largest deficits in 2019-20 and 2020-21.on how either party would pay down Australia’s record debt, Treasurer Josh Frydenberg and his Labor counterpart Jim Chalmers said they would rely on economic growth to help erase the nation’s red ink.released on Friday, the Reserve Bank said the cost of government debt was rapidly rising due to growing expectations of inflation around the world.
“The rise in government bond yields largely reflects expectations for further monetary policy tightening as well as higher inflation over the next few years.“Further, in addition to putting upward pressure on energy prices, Russia’s invasion of Ukraine has contributed by raising global risk premia.”
swrighteconomy The Liberals are absolutely terrible at managing the economy. Time to vote Labor, they are better.
swrighteconomy National debt is not economically significant at all.
swrighteconomy Ummm.... it's Labor's fault. Or something.
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Federal budget spending pushed interest rate move by RBA: EconomistsCost-of-living spending in the federal budget “100 per cent” helped pull forward the Reserve Bank’s decision to increase official interest rates, economists say | swrighteconomy swrighteconomy Despite Covid, rising inflation and the Ukraine crisis, Germany will soon introduce a monthly ticket for all local transport (Nationwide) of €9, why doesn't Third Country Britain do the same then? swrighteconomy Liberals are out-pork barrelling Labor 10:1. So your bothsidesism is biased bullshit. auspol swrighteconomy Extremely unlikely, given inflationary pressures globally, Aus fiscal policy is a mere bagatelle *at this stage* But then the main economist quoted has a lot of form for gobbing off for political reasons. Perhaps go elsewhere for comment
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Federal budget spending pushed interest rate move by RBA: EconomistsThe March 29 budget contained billions of cost-of-living handouts while the campaign has included billions more. Economists say they helped push the RBA to act. auspol AusVotes2022
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