Health
Mammoth debt? Relax, borrowing big is the right thing to do – Sydney Morning Herald
The government’s net debt, which was at zero before the pandemic, will surge to $50 billion this financial year and peak at more than $100 billion in mid-2024.
The coronavirus pandemic has transformed the conventions of budget politics in Australia.
With interest rates close to zero, governments at both the federal and state level must take the lead in repairing the damage left by the pandemic.
In recent weeks Australias Reserve Bank and the International Monetary Fund have urged governments to spend more in a bid to boost demand for jobs. The funds chief economist Gita Gopinal said earlier this month government spending “will need to be the main game…
-
General17 hours agoMollie O’Callaghan crushes 200m short course world record as post-Titmus era begins
-
Noosa News20 hours agoFive suspected rat poison cases detected in South East Queensland
-
Noosa News20 hours agoHorror weekend of motorbike crashes as four riders killed on Aussie roads within hours
-
General22 hours agoSocial media promotion of raw milk ‘misleading and dangerous’