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Tibor Majlath
Posted on 13 Feb 2020 3:21 pm

Government books aren't balanced when you are in surplus.

With a surplus, government revenue outpaces the rate it is spending that money. With a deficit the government spends more than it collects.

Perhaps that's too simplistic, but the LNP often likes to compare government budgeting with household budgeting to help us simple folk understand such a complex issue.

The Opposition is not the only group who don't know the definition of a surplus, it seems.

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