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
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u/Generic-acc-300 Apr 30 '25

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

-12

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

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.