Labour’s fiscal laxative to debt
The Herald has a great article that look at what net debt has been projected to be in 2027 under each forecast since 2021 (so post Covid).
- Dec 21 – $138b
- May 22 – $147b
- Dec 22 – $156b
- May 23 – $181b
- Sep 23 – $193b
So in less than two years, the debt forecast for the next four years has increased by a massive $55 billion.