Joe Hockey's penny-pinching will constrain growth

By Richard Denniss
Updated April 23 2018 - 9:29pm, first published February 27 2015 - 5:30pm

The biggest fiscal problem Australia faces is that we are not borrowing enough to meet our short-term circumstances or long-term objectives. Australia's population will nearly double by 2075. We are currently growing by around 400,000 people – the population of Canberra – every year. If we are serious about quality of life, economic prosperity and intergenerational equity, we taxpayers should be paying to build the equivalent of all of the schools, roads, prisons and hospitals in Canberra, each year, for the next 50 years.

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