Thank Goodness for That.

[HotRod]

No need to worry about the surplus this year, it's only a plan.....

http://www.news.com.au/national/surplus-promise-not-guaranteed/story-fndo4eg9-1226505515730

 

[buzzlightyear]

Is there a difference, politics aside, from having a budget surplus of $~1b or a budget deficit of $1b or even $5b in the context of Federal government revenues of approximately $350b?

 

[Weasil007]

Is there a difference, politics aside, from having a budget surplus of $~1b or a budget deficit of $1b or even $5b in the context of Federal government revenues of approximately $350b?

It not about the revenues, it's about the growing debt:
http://www.debtclock.com.au/

At some point it has to be paid back...

 

[pinkboy]

Is there a difference, politics aside, from having a budget surplus of $~1b or a budget deficit of $1b or even $5b in the context of Federal government revenues of approximately $350b?

Voter psychology!

pinkboy

 

[HotRod]

It not about the revenues, it's about the growing debt:
http://www.debtclock.com.au/

At some point it has to be paid back...

Do they care about it???? Nope. That's someone else's problem.

 

[HotRod]

Is there a difference, politics aside, from having a budget surplus of $~1b or a budget deficit of $1b or even $5b in the context of Federal government revenues of approximately $350b?

Not a single thing. Better to keep things ticking along than cutting back to arrive at a "magic" number.

 

[pinkboy]

It not about the revenues, it's about the growing debt:
http://www.debtclock.com.au/

At some point it has to be paid back...

Do banks take into account 'my share' when determining my serviceability?

pinkboy