16% Of Income Tax To Debt

The Parliamentary Budget Office yesterday forecast interest charges on the national debt will eat 16¢ of every $1 collected in income tax by 2024. Parliament has not balanced a budget in eleven years, and has fixed no deadline to bring in a surplus: “Debt charges for the federal government will increase.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top