Chalmers’ upcoming budget a ‘drop in the ocean’ to Australia’s total debt
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- Опубліковано 13 тра 2024
- Treasurer Jim Chalmers’ upcoming budget is a “drop in the ocean” compared to Australia’s total debt of around $892.1 billion, Sky News host Peta Credlin says.
“We were told that tonight’s surplus would be some nine billion dollars, well, in that respect, Chalmers is better than his old boss but how real is this surplus, 9.3 billion we are told,” Ms Credlin said.
“Given Australia’s three trillion-dollar economy it is not, indeed it is scarcely one per cent of total Commonwealth debt, and that is racing towards one trillion dollars, or 1,000 billion … it is a drop in the ocean.”
Its called fudging the books😊
Since Labor came to power, there has been a substantial increase in taxes on nearly everything, red, green, and black tape blocking progress, and the employment of an unprecedented number of irrelevant public servants - all on taxpayer money. As a consequence, we now face a cost of living crisis, where many individuals are unable to afford to eat or live due to the million immigrants they imported (and more are still coming!) for political support at the expense of the local community. Furthermore, they are planning to increase these expenditures over the coming months, while pretending to give some financial handouts during the budget. We are in a recession due to Labor's incompetence and we are heading for a depression.
Fool we are not in a recession and Australia has had to deal with Covid. Everything that happens here happens in other countries. You just want someone to blame. Well Blame the LNP for the massive debt they have put us in over their term and not paid back enough interest on the loans. Lones went up payments did not. We went from around 250 billion to 860 billion in debt in 8 or 9 years because of the LNP.
Vote them out!
No such thing as surplus when you owe money
yellbasleazy and liebor are the worst government in Australian history😤
As long as Chalmers has this arrogant grin -scholar -not a politician
Australia dead in the water with these clowns
Australia is a drop in the ocean
Wow it’s going to be painful I’d say ,Peta we get nothing for nothing
income tax water tax appliance tax clothing tax furniture tax floor tax takeaway tax cafe tax restaurant tax juice tax fuel tax beer tax alcohol tax heating tax road tax health tax fuel tax insurance tax rego tax luxcar tax sewer tax payroll tax income tax tobacco tax capitalgain tax gas tax electricity tax firelevy tax infrastructure tax greenwedge tax nbn tax council tax stampduty tax land tax holiday house tax parks&gardens tax airtravel tax departure tax arrival tax passport tax service tax growthareas tax culturalheritage tax goods&services tax recycling tax carbon tax.
This country is so greedy for tax money
Our national debt is $1.3 trillion dollars, $9.3 billion is less than 1% of our debt, how is this anything to be proud of, they are a disgrace.
Albo & all Labor have to go, spending OUR money frivolously like this can’t end well.
The GG has abandoned post and is a waste of another $500K salary, we need a new independent safety net that can’t be bought for this sort of treachery, maybe a plebasite.
Labor INHERITED most of our current debt.
Sure but lib inherit debt because of covid. Labor has not done enough to lower debt after increase record in revenue after covid. The debt before covid was inherited from labor.
From the Rudd Gillard years
Since the Howard and Costello era, that is true.
And net zero.
The cost of living is thanks to liebor, ms wrong, blackout bowen and liebor!!!
Who created the bulk of the national debt, peta??
Labor then covid.
All these bullsh!t stories about a surplus. WHAT SURPLUS? WE ARE IN DEBT!!!!!!!!!!!!
The National debt is 1.3 trillion
Somebody should check on the amount of money spent on all the 4x4 s landcruisers, etc . The aboriginal corporations are driving at tax payer expense in the NT
After paying all tax,s time to time,
Why Australia can,t paying their debt ??? Drop in ocean !!!
May be there's other fuzzy reasons..
To much debt means higher taxes lower dollar higher inflation. Lower standard of living. Paying down debt is deflationary.
Check the aust debt clock and see the household debt has catapulted to a massive increase by 1100% in 26 years !
SHOCKING BUT TRUE !
I have my wine ready to watch a comedy sci fi drama series haha
I do not want to cry 😳😱
Snake Chalmers ...
Ukrane is getting $100 million of our money
Or are they just adding $100 million to our debt?
Haha! What a joke. The Coalition didn't deliver a surplus in their 9 years in Government and by 2022 they almost quadrupled the debt, that Labor left them in 2013. The debt that we have is mainly a result of the Coalition mismanagement of the economy.
Australia has had to deal with Covid. Everything that happens here happens in other countries. You just want someone to blame. Well Blame the LNP for the massive debt they have put us in over their term and not paid back enough interest on the loans. Lones went up payments did not. We went from around 250 billion to 860 billion in debt in 8 or 9 years because of the LNP.
True. However, Morrison put us in it.
Rudd/Gillard/Rudd wrecked Australia with immigration & loss of industries, higher debt & inflation, NBN debacle, loss of triple A rating against our deficit, etc, etc.
The tax cuts are totally bush..t. we are not lacking a few hundreds or thousands, we're lacking hundreds of thousands, millions to afford a simple home. Abolish negative gearing and cgt discounts now, vote for any one willing to do so