Thursday, 5 December 2013

Abbott Government debt

On 4 December 2013 Australian Treasurer Joe Hockey announced that; The Government has today agreed to the Australian Greens’ proposal to repeal the statutory debt limit and enhance transparency around government debt reporting. 

On 4 December Abbott Government borrowings were averaging in excess of $203 million a day.

Now the fiscal brakes have been removed from Hockey's little red treasury wagon, I wonder how much further into debt he will drive the Commonwealth.

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