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Cowboyinvestor

19,620 Posts.

33

13/05/24

17:13

Post #: 73801807
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Originally posted by Ghoulie: ↑

nope I'm commenting on exactly what you wrote. The former government inherited a structural -$33b underlying cash deficit from the Labor government, along with a gross debt forecast of $667b before even kicking off.

Frydenberg prior to covid reduced the deficit to -$689m and was on track to achieve a surplus prior to a 1 in 100 year pandemic hitting.

So by your own arguments and fudged numbers, the nation was $22m worse off under the coalition, before COVID.

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do you not know the difference between a billion and a million?

Pretty embarrassing own goal
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