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Hinchinbrook

20,207 Posts.

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24/05/24

15:56

Post #: 73997648
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Originally posted by googs: ↑

Haven't had one LWNJ explain why Chalmers in his budget speech hid $80bil of debt.
Anyone got the courage to tackle the issue and explain it to us? Surely one of you has the guts.

https://www.abc.net.au/news/2024-05-16/federal-budget-includes-over-80-billion-spending-off-the-books/103850548

Treasurer Jim Chalmers's latest federal budget includes more than $80 billion of outlays that are not on the books.

In table 3.4 of the budget papers under "total net cash flows from investments in financial assets for policy purposes" there's more than $80 billion going out the door over the forward estimates.

When including those outlays, the table shows it would take the five-year underlying cash deficit from $113 billion to a headline deficit of $193 billion.

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You are certainly no Accountant, nor an economist ------ Do some more reading and cease your uninformed interpretations.

There is Nothing wrong with The Government's Budget --- Your assertions and interpretations are obviously incorrect.
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