Quick question - How Long Has Australia Been In Budget Surplus? (1 Viewer)

[tau281290]

As per Title, need it quick Thx. Preferably in timeline form.

 

[lionking1191]

80s were deficits
then howard got in and got srs about 'reducing CAD' coz they subscribed to the twin deficit theory - 1992-1996 was surplus
96-2000's fiscal stance was mildly expansionary
atm it's relatively neutral

 

[shinninggum]

Well the main catalyst was when we experienced a mini recession in 2001, it has been budget surplus since then

 

[gnrlies]

Here is a detailed account of Australia's historical UCB levels.

 

[zammitm1]

note 01-02 deficit linked to S11, good to talk about.

 

[tau281290]

Nice gnrlies =)