Elroo
Premiership Player
- Jul 2, 2014
- 4,086
- 7,095
- AFL Club
- North Melbourne
http://www.budget.gov.au/2014-15/content/fbo/downloads/08_Appendix_B.pdf
Spending when Howard left was 23.3% gdp, now its over 25.5%
Underlying budget cash balance in the budget for 14/15 was 2.4%
Sounds like a spending problem to me.
Quoted for the lulz.
And tax receipts under Howard were at almost 25% of GDP when Howard had his spending at approximately 23% of GDP.
Not hard for Howard to run Budget Surpluses when his government is listed as 8 of the 10 highest taxing governments, and his average tax to GDP was 23.4% v Hawke/Keating 21.8% and Rudd Gillard 20.8%.