Budget 2021: Will Australia be able to manage the debt?

The 2021-22 Budget has been acknowledged as a big spending budget. It has been praised for its aims to fund identified and worthy areas like aged care, women’s well-being, mental health and unemployment. What do the promises of the Budget 2021-22 tell us about those who framed the document?

The Federal Treasurer announced a budget strategy that he imagined would be impossible three years ago. Source: Source. AAP 09 May 2021

Dr Peter McCawley AM, is a visiting fellow in the Indonesia Project at ANU and former Dean of the Asian Development Bank, He casts a close eye across the promises and explains why he believes the strategy of the Federal Budget is political and “crazy.”

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The pie is very big and very expensive but who gets a share and who will pay for it? Source: Image by DigiDi/creative commons