No, the budget is not out of control 

PolicyEconomyLetters to the EditorLetters to the EditorReaders’ letters on Australia’s economy, sport and climate change, wage theft, populism, emissions reporting, AustralianSuper’s performance and beer bellies.Jan 6, 2025 – 2.58pmSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Key PointsWe are always interested to hear your views on current topics. Guidelines for how to write a letter to the editor are here. Please send your letter to [email protected] Hamilton is somewhat alarmist (“Treasurer Chalmers has lost control of the budget”). A government not doing things he wants does not make a budget “out of control”.The projections of the budget and mid-year economic and fiscal outlook envisage a gradual return to (headline and structural) balance, and a gradual fall in the debt-to-GDP ratio over the next decade. It may not be as quick as commentators such as Dr Hamilton would prefer, but it does not justify the reference to bankruptcy with which he starts his piece.Loading…Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? License articleLatest In EconomyFetching latest articlesMost Viewed In Policy