THE ABBOTT GOVERNMENT HAS ABANDONED all pre-election commitments - TopicsExpress

THE ABBOTT GOVERNMENT HAS ABANDONED all pre-election commitments to reduce the nation’s ‘skyrocketing debt’. Borrowings have increased dramatically since the last election. Now we know by how much. Debt has increased by 13.7% over Labor’s levels. Interest payments have risen a staggering 28.6% to more than thirty million dollars per day — in just the first nine months. The Final Budget Outcome 2013-14 was released this week by Treasurer Joe Hockey and Finance Minister Mathias Cormann. Buried in the long-awaited document is confirmation that net government debt at the end of June, nine months after the Coalition took office, has risen to $202.46 billion. Our final recap of articles by Alan Austin for the day

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