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Showing posts with label Gov't borrowing. Show all posts
Showing posts with label Gov't borrowing. Show all posts

Thursday, September 3, 2026

John MacDonald: It's like getting a bank loan to pay the pocket money


Nine billion dollars a year. $750 million a month. Or $24 million a day.

That’s how much interest we are currently paying on government debt. Just the interest.

But, despite that, the Government thinks it’s a good idea to borrow more money to cover the cost of the revenue it’s not going to get because of the fuel tax freeze.