Prepare to hear a lot more talk about $19 billion. Scott Morrison and Josh Frydenberg both emphasised the figure in speeches this week as they sell the rationale behind the government’s laser-like focus on a budget surplus this year.
That means having more voters appreciate that $19 billion remains the annual interest cost the government pays out to meet the level of existing debt.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com