Budget will not be embracing debt but ‘doing what’s necessary’ for recovery by Sky News Australia on YouTube

Budget will not be embracing debt but ‘doing what’s necessary’ for recovery
Finance Minister Simon Birmingham has told Sky News the government will not be embracing debt with the upcoming budget but “doing what’s necessary” to support the nation’s economic recovery. “I’d say that we are doing what’s necessary ... to support Australia’s economic recovery, doing what’s necessary to keep Australians in jobs and to create more jobs,” he said. “We’re doing it in an environment where we are following the expert advice of the officials from the treasury, the officials from the Reserve Bank of Australia. “We’re working with them, we’re understanding what their assessments say in relation to the future projections around the management of debt levels. “Those future projections show very much that the rate at which we can grow the economy should enable us to continue to sustainably serve the debts that we have. “And to do so indeed at rates and costs lower than Australia’s faced at times in the past due to the very low levels of interest rates that are there right now."

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