Abbott debt and deficit blowout
In less than two years in office, the Abbott government has added almost $100bn to the level of Commonwealth government debt. This is a 35% increase from the $273bn level of gross government debt at the time of the September 2013 election. This increase flies in the face of the Coalition’s pledge prior to the election – and occasionally since – of reducing debt and at some stage, paying it off.
4 comments
4 comments
No wonder the debt crisis rhetoric has died down from the govt. Speculation on an early election date to avoid having a 3rd budget in this term has been touted. Too messy in my opinion with need for DD or just lower house election. Would explain the surge in over the top remarks concerning ISIS etc. They are coming to get you says Abbott. Our strange in law at a family event telling the kids about the boogyman.