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News: Australia 2022/23 budget surplus set to be around A$20 bln - Treasurer, page-11

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25/07/23

09:44

Post #: 68961190
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Originally posted by Cosmoterios ↑

That is the gross figure. Click the link and read the fine print.

Nonetheless, you can still have a surplus for the year, despite having a long term debt. Its the same with companies - they can make a profit, but still owe money to the bank.

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Hi cosmo

True you can have any sort of surplus you want to plug into the computer

What is bad is the Governments claims in effect that a country in surplus is a well country, a whiz bang economy, when it is simply a petty cash account or a cash flow figure, and zero to do with the actual debts that will take a long time to pay off
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