Opinion
Even under unreasonably rosy projections about spending, bullish forecasts about economic growth and relentless tax increases on work and workers, the books barely balance in a decade.
If there’s an iron law of public finance it’s this: revenues may come and go, but spending is forever.
On this government’s watch, revenues came. There have been $252 billion worth of net revenue upgrades over the past three years. That’s a quarter of a trillion dollars of good luck.
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Original URL: https://www.afr.com/politics/federal/chalmers-is-wrong-the-worst-is-not-behind-us-it-is-yet-to-come-20250319-p5lkqi
