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how money for (less than) nothing is helping out the budget

  • Written by Isaac Gross, Lecturer in Economics, Monash University
how money for (less than) nothing is helping out the budgethingfoto/Shutterstock

A week ahead of Thursday’s budget update, it finally happened.

Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid to borrow.

Think about that. Investors with millions of dollars to lend went to the Australian treasury...

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Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

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