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What budget emergency?

‘Budget emergency’ denied by 63 Australian economists who argue that ‘the government’s chief aim shouldn’t be to generate a surplus but to generate employment’.

‘This year’s budget papers showed that Australia has a net debt of $226.4bn, which is high compared with recent years but represents just 12.5% of GDP – below the 18.1% of GDP reached in 1995-96. This debt level is less than the UK, US, France, Italy, New Zealand and Germany.’

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In the spirit of reconciliation the TJ Ryan Foundation acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today

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