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Flat White

How even Xi Jinping gets something this budget

12 May 2021

5:47 PM

12 May 2021

5:47 PM

In all the lists of budget winners and losers, one name has been missing: Xi Jinping. Yet China’s President for Life has done very well out of this budget; very well indeed.

The budget talks of trillion dollar debt and interest payments of $20 billion dollars a year. If we get inflation or an increase in interest rates, Australia will be fiscally feeble for a generation. 

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