Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 19-Mar-15

Prime Minister Tony Abbott seems to have abandoned his commitment to economic reform. He said on 18 March 2015 that the May 2015 Budget will be "dull". Abbott no longer insists on reducing debt as quickly as possible and accepts that it could take 40 years to achieve a Budget surplus. Australia’s national debt is currently at 15 per cent of GDP, but it is forecast to rise to 60 per cent by 2055

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