It’s taken more than a decade of abject budget failure, by both sides of politics, for the International Monetary Fund to propose a shake-up of the way Australians manage their economy.
Despite the promises and despite the “targets” of restoring the budget to surplus, the history of government fiscal policy since the mid 2000s has been one of hubris, waste, optimism mugged by reality, and continuous disappointment.
In less than two …
Read the full article at: http://www.afr.com/news/economy/the-new-fiscal-debt-rules-the-imf-is-urging-for-australia-to-avoid-mediocrity-20170213-gubjen