Reply With QuoteIn reality, where do you expect it to go, RB?
Swaggie
On the news our PM's latest brag is he'll, yes he, will bring down a budget in april that will be in the blue. Congratulations to his team if he does.
What I can't understand is currently Australia's net debt is $355billion and climbing.How can a budget be delivered that is financially positive if we carry so much debt?
What matters? the budget as saleable illustration of our government's financial management? or isn't the current net debt a performance indicator of the government?
Mods, I'd love to see this discussed openly from a knowledge viewpoint and closed if it becomes a political debate.
Super Moderator
In reality, where do you expect it to go, RB?
If you don't like trucks, stop buying stuff.
Swaggie
If some here have some answers to my questions...anywhere.
If no one knows or cares , no-where.
YarnMaster
Maybe (in overly simplistic terms) the government feel that they have debt in control and can reduce it. Maybe they mean that there is an acceptable level of debt - like having a mortgage. Not sticking up for the government but perhaps that is their argument - they have debt under control? Dunno
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ForumSage
SubscriberYour question relates to Commonwealth Govt spending and debt.
Central Government ( ie commonwealth) debt, particularly in Australia, is not the same as household debt. Nor is it the same as debt for countries in the EU with more limited controls or levers.
The RBA and Treasury work together (ATO or tax policy is part of the picture) but independently to manage the amount of money and spending in the economy. One persons/company’s spending is another persons income which is taxed, the remainder is saved or spent. The spent bit is another persons income which is taxed etc etc. it’s called the multiplier effect. When government spends or in other ways puts money into the economy a lot of that money comes back to govt through tax. So central govt spending is not simple or bad necessarily. Central govt spending is not the same as household spending.
A surplus budget (more incomings than outgoings) means there is some money to retire or reduce govt debt.
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Super Moderator & CA manager
SubscriberUm, politics? In general chat? hmmm...
If you need to contact me please email homestarrunnerau@gmail.com - thanks - Gav.
Super Moderator
So far it's not political, it's an explanation of how economics works. Alas, I fear it won't stay that way long.
If you don't like trucks, stop buying stuff.
CTRL + V!
SubscriberWell, budget 101.
Budget explainer: Debts and deficits, is Australia really the worst?
I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
CTRL + V!
SubscriberBut wait, there's more.
Budget explainer – News, Research and Analysis – The Conversation – page 1
I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
CTRL + V!
SubscriberAnd more. Fact checks in journalism
YouTube
I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
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