Institute for Public Affairs: Age of Entitlement Is Back
May 12, 2021
May 12, 2021
MELBOURNE, Australia, May 12 (TNSIntl) -- The Institute for Public Affairs issued the following news release on May 11, 2021:
Tonight's budget confirms that gross federal government debt will exceed $1 trillion for the first time in Australia's history. Gross federal government debt is now equal to 45% of GDP, which is more than double what it was during the Whitlam-era.
"This is a budget that Labor would have been proud to have delivered. It commits Aust . . .
Tonight's budget confirms that gross federal government debt will exceed $1 trillion for the first time in Australia's history. Gross federal government debt is now equal to 45% of GDP, which is more than double what it was during the Whitlam-era.
"This is a budget that Labor would have been proud to have delivered. It commits Aust . . .