Policy drift has consequences. Problems become larger. Future generations are left with the mess
, run into tens of billions. Voters are meant to be impressed by the sums, incomprehensible to most, even if the project’s merits are unclear.is driven by factors outside policymakers’ influence – for example, Chinese iron ore and coal demand, high commodity prices and supply disruptions elsewhere. The only direct input has been substantial government spending of other people’s money.
Simultaneously, external factors such as the Ukraine conflict – outside Australian control – are blamed for negatives that include rising fuel, energy, food and housing costs.Numbers are manipulated to present favourable outcomes. Budget forecasts have repeatedly underestimated revenues, overestimated outgoings and understated commodity prices to make the actual outcome better and demonstrate competence.
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