The government came within a whisker of delivering it last month, but opted to manage expectations - playing down the possibility that 2018-19 could get there - a $14.5 billion turnaround from the forecast deficit.
The market now has official interest rates going to 0.5 per cent within the first three months of next year - the lowest in history - as the central bank cuts rates further below what once would have been considered an unthinkable 1 per cent. rare interview with The Sydney Morning Herald and The Age’s political editor Peter Hartcher last week.Prime Minister Scott Morrison argues that he already has done plenty. The combined effect of the first stage of the 2018-19 and 2019-20 tax cuts will ultimately see $36 billion handed out by 2022.
ErykBagshaw No-one will care about JoshFrydenberg’s precious surplus when the economy is in the toilet. itstheeconomystupid
ErykBagshaw Its all smoke and mirrors anyway
ErykBagshaw To the full expenses of the disadvantage Humans being, the poor, the very sick, has no money, the unemployed, under employed. Coalition Scott Morrison, Extremely Capitalism economy politic system, Good profits, before all humans basic well being rights.
ErykBagshaw
Politics_SMHAGE ErykBagshaw woopy do we have a surplus but aust has a trillion dollar debt and growing.
Politics_SMHAGE ErykBagshaw I don't get how we have a surplus at the same time as having (I believe) the biggest debt in Australia's history.
ErykBagshaw Don't you love a surplus, pretty much like putting my wages in the bank and letting the kids starve.
ErykBagshaw Ours
ErykBagshaw Everything that comes with low growth
ErykBagshaw The more he talks about surplus, the plumper he gets!
ErykBagshaw Ripping off people in need is how they achieved this, what's the point of having a surplus if people are struggling, like the farmers.
ErykBagshaw 'underspend on social services' ? more like crack downs on welfare cheats who always have a free run under labor
ErykBagshaw tax cuts and budget surpluses ! never happened under SwannyQLD
ErykBagshaw Who cares at what cost? You can't spend what you don't have!
ErykBagshaw Once you reach that surplus, the sacrifices made can then be rewarded. But lefturds wouldn’t understand what sacrifice means, even if it bit them on they’re Gay infested butt holes!
ErykBagshaw I highly doubt this. Highly doubt it.
ErykBagshaw 'As at July 1 2018, the budget estimate of net debt in Australia was about A$341.0 billion, up from A$174.5 billion in September 2013, when the Coalition took office. That's an increase of A$166.5 billion, or roughly 95%, over almost five years.'
ErykBagshaw At the cost of decent social policy and the lower income people of this country. Another example of how the LNP govern only for rich people and their corporate mates.
ErykBagshaw We don’t want it. Not if we go backwards to get it.
ErykBagshaw Tell that to all the retail shops that have had to shut down in the last few months and the thousands of white collar workers now unemployed that's never ever happened in Aus before?
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