Government spending will increase Australia's debt by more than $100 billion

Australia’s debt is still spiralling out of control and will blow out by more than $100 billion unless the Government takes serious steps to cut spending. The Government is almost certainly wrong in its claims that the economy will return to growth. Government figures suggest that debt will be down to $335billion by 2020-21. But a more realistic figure is $440 billion as a result of unfettered spending - particularly on military equipment.

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