TREASURER Joe Hockey has given a directive to set Australia's debt limit at $500 billion, despite parliament voting to abolish the ceiling altogether.
Shadow treasurer Chris Bowen said it was a classic example of the coalition saying one thing before the election and delivering the opposite after.
Mr Hockey's directive relating to government borrowing was officially gazetted on January 22.
"I direct that the maximum total face value of stock and securities that may be on issue is $500 billion," Mr Hockey states.
The directive expires on April 1, 2024.
A spokesman for Mr Hockey said it was in line with the legislation passed in December to abolish Labor's $300 billion debt ceiling and "satisfied funding and operation requirements".
The abolition of the debt limit was the result of a compromise with the Australian Greens, after Mr Hockey's initial attempt to legislate the $500 billion ceiling failed.
Mr Bowen told AAP on Monday the decision followed the extraordinary deal between the Liberals and the Greens to deliver the Greens' policy of no debt limit.
"Before the election Joe Hockey was against debt, now he can't get enough of it," Mr Bowen said.
"The Hockey-Milne deal on no debt limit has ensured the economic fringe dwellers are at the centre of economic policy and decision-making in this country.
"It doesn't matter what regulation Joe Hockey signs, this deal ensures he can run up unlimited government debt."
The mid-year economic review released last year forecast debt to rise from $310 billion in 2013/14 to $460 billion by 2016/17, and $667 billion by 2023/24 if the budget is not brought under control.
Anda sedang membaca artikel tentang
Treasurer sets fed debt limit at $500bn
Dengan url
http://beritasementara.blogspot.com/2014/01/treasurer-sets-fed-debt-limit-at-500bn.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Treasurer sets fed debt limit at $500bn
namun jangan lupa untuk meletakkan link
Treasurer sets fed debt limit at $500bn
sebagai sumbernya
0 komentar:
Posting Komentar