Business
The trillion-dollar question: What is government debt and deficit and should we be worried about it? – Sydney Morning Herald
Will higher debt place an unfair burden on future generations? Where will the money come from? And how will we pay it back?
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Australian federal government debt is on course to top $1 trillion possibly by June next year due to the coronavirus and related shutdowns.
After decades of political scare campaigns about debt and deficit, Australians are now being told that an unprecedented national borrowing binge is both manageable and desirable.
For those feeling some intellectual whiplash on the subject, economist Saul Eslake says it is important to remember that gove…
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