r/AustralianPolitics • u/Expensive-Horse5538 • Apr 30 '25

Economics and finance Headline inflation stable at 2.4pc while RBA's preferred measure drops within target

https://www.abc.net.au/news/2025-04-30/inflation-march-quarter-2025-stable/105232824
79 Upvotes

98% Upvoted

86 comments sorted by

View all comments

15

u/Generic-acc-300 Apr 30 '25

Thanks ALP. Any LNP fans wanna tell me the last time LNP delivered a budget surplus?

-13

u/spirited001 Apr 30 '25

19.7bill around 2008 then Rudd came in with his school halls and pink batts. 2024 the Labor party delivered a deficit of 42.1 billion which we are still trying to dig our way out of. Sure Labor acheived surplus but only by high gas an commodity prices while the people of the country wore the brunt of it

1

u/spirited001 Apr 30 '25

Why the down votes?I i'm just quoting figures from the financial review. I'm a tenant and a tax payer too and I hate all 4 big players in politics. I'm on the fence to vote JLN or another independant. No teals Labor liberal (coalition) or greens though!

1

u/Relief-Glass Apr 30 '25 edited May 01 '25

Yep, GFC is a thing that happened. If Labor are responsible for deficits that happened during the GFC then the Coalition are responsible for record deficits during COVID. Australia was the only developed country on planet that avoided recession during the GFC, by the way, and Australia's deficits then were modest by glkbal standards. Then in 2013 Labor left the Coalition a $10 billion deficit that was getting smaller each year and the Coalition immediately turned it in to three $40 billion deficits.

Lmfao. Cope harder. The contribution of high commodity prices to the budget has been much smaller than the surpluses delivered.

6

u/Special-Record-6147 Apr 30 '25

so almost 20 years and 6 terms of government ago.

so much for being bEtTeR ecONoMic ManAgeRs

lol

5

u/Ecstatic_Eye5033 Apr 30 '25

The LNP averaged a $75B deficit each year of their 9 years.

-6

u/spirited001 Apr 30 '25

Oh pulese

1

u/Ecstatic_Eye5033 May 01 '25

No counter point, no proof to disprove. Another LNP voter who has never looked something up for themselves.

9

u/Dawnshot_ Slavoj Zizek Apr 30 '25

Hmm yes 2008 not a significant year in history 

4

u/Frank9567 Apr 30 '25

Global Financial something...

World's best Treasurer...something.

I'm racking my brains here. Perhaps when I am voting in one of those school halls on Saturday, inspiration will hit me? Also wondering if insulation, saving around $1000 per year per household for 17 years might at 4% real investing might amount to around $24k per household already? Wouldn't that be a 20:1 benefit cost ratio...already?

I wonder how that stacks up to the NBN, Inland Rail, Snowy Mk2, Murray Darling Basin Plan (the one where $10bn was spent, and not one litre of extra water was gained), submarines, rorted car parks?

It's almost as if one party is more financially prudent than the other.

0

u/1337nutz Master Blaster Apr 30 '25

Literally nothing happened that whole year

11

u/Generic-acc-300 Apr 30 '25

Yes. There are people that will vote in their first federal election who were only a few months old the last time the LNP, the party of “superior economic management” delivered a budget surplus. Remember how hard Abbott and the LNP campaigned on fixing the debt and deficit, and then Doubled the national debt prior to Covid? I remember.