Australia News
Business columnist Terry McCrann says the federal budget isn’t one “that we can have confidence in”, in terms of “building a strong future”.
“We have locked in a huge amount of spending because of COVID, over a hundred billion dollars it went up in the first year, and once again, the government is not calling that spending in”.
“On the most optimistic, heroic, treasury assumptions, we have, as you say, deficits and rising net. The net debt is not projected to get to a trillion by 2032 – I think it will.”
Despite this, he said given the “hole that the government’s in”, he believes “the spending splash that they’re doing is reasonably restrained”.
Credit SKY NEWS
