'Australia will suffer the developed world's most dramatic surge in debt by 2020, according to an International Monetary Fund report that slams governments for failing to save enough during boom times.
In a damning assessment of budget policy over the past three decades in advanced economies – including Australia's – the fund berates politicians for overspending during good times rather that preserving their ability to spur growth when inevitable downturns hit.'
one reason why we prefer to keep a lot of our assets in nz and uk!
