18 February 2021
Interest On Australia’s Massive Debt To Cost $64 Billion Per Year By 2030
Interest payments on Commonwealth debt could become the third-largest spending item in just 10 years, behind only health and income support for seniors, according to new research from free market think tank the Institute of Public Affairs. The interest payment on debt could consume 7.5% of the Commonwealth Budget and cost $64.1 billion by 2030-31. “High and growing levels of
18 October 2019
Reserve Runs Out Of Ideas To Stimulate The Economy
The Reserve Bank’s extended low interest rate policy and consideration of “unconventional monetary policy tools” reveals a lack of self-reflection and a commitment to a model that is unsustainable. This month the RBA continued its 84-month unprecedented experiment with low interest rates, setting a record low 0.75 per cent. Since October 2012, every interest rate decision has held or set
