10min
Economist Saul Eslake says there is “no principle” of public finance or economics which states the “optimal level” of government debt is zero amid concerns about the nation’s projected $980 billion debt by 2024/25. “Australia’s somewhat unusual in that we have had some years in our recent history when net debt has been zero or indeed even negative,” he said.
SaulEslake So what happened to the Debt and Deficit Crisis that so triggered the LNP when Labor was in power?