The Chicken Littles are at it again – scaring us about the level of government debt and the deficits that bring about debt. Gina Rinehart has claimed that the present level of government debt ‘is simply unsustainable’ and that ‘Australia had to take action to avoid following Europe into economic misery’. Ms Rinehart should know all about debt. She is busily trying to raise $7 billion in debt finance for the Roy Hill project.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Stage 3 Better – Revenue Summit 2023
Presented to the Australia Institute’s Revenue Summit 2023, Greg Jericho’s address, “Stage 3 Better” outlines an exciting opportunity for the government to gain electoral ground and deliver better, fairer tax cuts for more Australians.
HECS/HELP debt for low income earners is set to increase due to indexation
The indexation of HECS/HELP debt this year will leave people earning less than $62,000 with a bigger debt even after their repayments.
Tasmania’s fear of government debt is hurting the state
Tasmanians have been badly served by its government’s exaggerated fears about the condition of the state budget.