Treasurer Josh Frydenberg says the pandemic will have a “very significant impact” on the nation going forward - ahead of the release of the fifth Intergenerational Report which forecasts deficits for the next 40 years. “Our population will be smaller than initially thought because of what the consequences of the pandemic has led to,” he said. “Namely the closed borders and the fact that migration has fallen, and population growth has fallen to its lowest level in 100 years.
“We also have an aging population which is also going to put particular pressures on both the expenditure and the revenue side. “But when you look at our debt levels, they still remain low by international standards - about half of what it is in the United Kingdom and the United States and less than a third of what it is in Japan. “That being said, we continue to extol the importance of being fiscally disciplined.
JoshFrydenberg Does this mean Labor budgets forever? And the economy is doing so well!!
JoshFrydenberg Anyway … auspol
JoshFrydenberg Then give everyone Ivermectin you cretins, isolate the at risk groups and it's all over in a month.
JoshFrydenberg What have you done or what are you doing to reunite the 600 Australians with their PMV300 visa partners?karenandrewsmp has been requested to makePMV300exempt from travel restrictions. All we hear is silence! ENOUGH IS ENOUGH
JoshFrydenberg No shit, Sherlock!
JoshFrydenberg Funny thing , my primary school aged grandaughter remarked the same just the other day , PUBLIC school educated too if you don’t mind
JoshFrydenberg Go you good thing.
JoshFrydenberg Oh no, the LNP now has the reason to blame the deficit during their time in power on. Just so political.
JoshFrydenberg
JoshFrydenberg Our very own Nostradamus. What a long viewed projection. Can he tell us who'll win the next election?
JoshFrydenberg LNP will forever be known now as ‘debt & deficit disaster’.