Deloitte sees $100bn budget black hole

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From David Uren:

Australia’s debt could blow out by more than $100 billion if the budget is wrong in its prediction that the economy will return to pre-crisis growth and the ­Turnbull government is unable to win Senate support for all of its outstanding savings ­measures.

An analysis prepared by Deloitte Access Economics shows the vulnerability of the debt outlook to both the government’s failure to get budget savings passed through the parliament and to the reliability of Treasury’s economic forecasts.

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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.