Articles on Deficit

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Each year the government runs a A$40 billion deficit, it increases the lifetime tax burden for households headed by a person aged 25 to 34 by A$10,000. Lukas Coch/AAP

Young Australians will wear the costs of Turnbull’s middle income tax cut

Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.

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