Black hole to be unveiled next week

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From the AFR:

The government’s mid-year economic fiscal and economic statement will likely be released next week and will contain a projected figure for peak debt, according to Treasurer Joe Hockey.

During an interview with ABC Radio on Thursday morning Mr Hockey said the statement would be released “in the next few days” but a spokesperson for the Treasurer confirmed it would not be released before the end of this week.

A new peak debt figure will be revealed as well in accordance with the new deal with the Greens to scrap the debt-ceiling.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.