Back in Surplus and Inflation Reducing - The Budget Magic Trick - Ainslie Insights

Chris and Alex discuss the implications of Australia's latest budget which claims a surplus fuelled by inflation, with government measures like subsidies and rental assistance. Delve into the critique of these policies and their long-term impact on the economy.
Today's Insights are based on the morning’s news posted on the Ainslie website - ainslie.to/4bAczdB
Read TOMORROW mornings news at - ainslie.to/4aqkyKz
Established in Brisbane in 1974, Ainslie is Australia's leading precious metals and cryptocurrency retailer. With the addition of our new Melbourne store in 2021, Ainslie Bullion now brings it's unrivalled service and passion for precious metals and crypto to the south coast.
Ainslie Bullion - Melbourne
Level 14, 357 Collins St
Melbourne VIC 3000
Tel: [phone]
Ainslie Bullion - Brisbane
Level 6, 12 Creek St
Brisbane QLD 4000
Tel: [phone]
Facebook: / ainsliebullion
Instagram: / ainsliebullion
X: / ainsliebullion
#ainslie #ainsliebullion #ainslienews #news #newsoftheday

[@Pyjamarama11]

When youre living and breathing a financial crisis, and a Labor government tells you they've found a budget surplus
.... You know you're living in Clownworld

[@mattivation_inc.]

Apart from reducing spending, here’s one solution: every state needs to raise resource rents, then contribute a percentage to a sovereign wealth fund (like Norway did), invest it wisely, then, as Norway does, use the dividends from these investments contribute significantly to funding ‘necessary’ government services.

[@BDK86]

Build homes or close the door!

[@mattivation_inc.]

Agreed. I think build homes AND close the door, at least partially, at least temporarily.

[@cameronhickey7771]

Govt spending is inflationary, so more govt spending equals more inflation...

[@mcpopgaming6329]

Australia had the 2nd strongest budget balance as a share of GDP among G20 countries last year, up from 14th place in 2021. I think considering the global backdrop Albo's Cabinet and getting us back in the black twice since the Liberal's were voted out is an achievement. Leading economists have predicted Australia's growth over the next 20 years will be moderate. Other major economies are predicted to decline, except China, Indonesia and India. I'm optimistic 😊

[@cameronhickey7771]

Lies, damned lies and statistics - Mark Twain

[@ozoptopess]

Budget focus on Cost of Living! they are full of crap once again... 10% increase on Rental Assistance, how is $18.82 per fortnight going to help when my rent is $1,120.00 per fortnight??? As a single parent, cant afford to move as I do not qualify under rental agents income qualifying criteria to find a cheaper home, if there was one.

[@ainsliebullion]

When real world figures are applied, it really does seem that the math stops mathing.

[@richardlove4287]

Let’s get the crack up boom part over with, then we can really enjoy the crash and all the prepared people can pick up bargains at $0.10 on the dollar.