Flip-flopping Labor demands audit into ballooning debt

Friday 8 May 2020

One week Labor is calling for JobKeeper and JobSeeker to be extended to more than a million temporary migrants, taxpayer bail-outs for all “critical businesses”, taxpayer bail-outs of universities, and taxpayer support for industry superannuation funds that failed to manage liquidity.

Now, Labor is calling for an audit into the explosion of federal government debt:

Labor has asked the auditor general to look into the management of commonwealth debt, in a bid to shame the Coalition for doubling gross debt since it took office in 2013.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.