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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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Discussion

47 1y ago

hahahahahaha the commies just can’t help themselves

PastorGary 1y ago

Sadly many in our nation think this is good. Socialism sounds awesome until you run out of other people's money to spend.

#Austriches

⚡️Bitcoinia (Bitcoin Art) 1y ago

Sounds about right. War will be next (more than it already is) to add GDP to offset the debt created. Happens everytime.