Sadly many in our nation think this is good. Socialism sounds awesome until you run out of other people's money to spend.
#Austriches
Australia to fight inflation by... you guessed it, SPENDING MONEY 🤡
"With added spending in these areas and the increased drag from lower commodity prices and a weaker labour market alongside the stage 3 tax cuts the Budget surplus of around $9.3bn in 2023-24 quickly returns to deficits of around $28.3bn in 2024-25 and nearer $43bn in 2025-26. The potential for more election-related spending remains a risk.#
Source: 2024 Federal Budget: NAB Economic Commentary
https://business.nab.com.au/2024-federal-budget-nab-economic-commentary/
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