Debt

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Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future. AAP Image/Joel Carrett

FactCheck: was Australia on a debt trajectory heading to 122% of GDP?

Any forecast 40 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
It’s not all blue skies ahead for the Sunshine State’s economy, with declining gross domestic income per capita and higher unemployment than three years ago. Dan Peled/AAP

Queensland’s biggest economic challenge isn’t debt – it’s growth

Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
Families with children are hit hardest by the policy. Nick Potts/PA Archive

The benefits cap doesn’t work – here’s why

David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
Queensland’s debt: is it sky high, or under control? An economist shows what you need to know to judge for yourself. AAP/Dan Peled

The true state of Queensland debt

How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
The longing of many debtors. Kirsty Wigglesworth/PA Archive

The question debtors are increasingly asking: do I have to repay?

Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…

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