Skip to main content

We’re still OK

Following Josh Frydenberg’s eye-watering debt numbers, we’re still OK.

Although the numbers have changed up, since our last Newsletter, the investment that the government is making is well worth the money. There’s been no alternative.

Even if the deficits and debt end up being twice what the government is projecting, debt will still be just over 60% of GDP, a level that would be the envy of most other countries, many of which don’t have the potential to grow and recover that Australia does.
Following from our previous graphics, this is what 45% of GDP deficit looks like. But, be prepared for this to blow out further to around 60%:


Government Debt Update

Source: Appendix E: Historical Australian Government data, Commonwealth Treasury Budget papers

AAG AustAsia

AAG AustAsia

AAG is a family-owned group providing Tax planning, management accounting, wealth management, and more. Established in 1979, AAG acts entirely in their clients' best interest by providing financial expertise and upholds a reputation of nurturing long-lasting relationships with clients to assist them with all their personal and business financial issues.