Oz Blog News Commentary

What a Difference

October 31, 2013 - 10:32 -- Admin

What a difference 12 months and more makes.

In today’s Business Spectator column Stephen Koukoulas writes:

The budget surplus or deficit, level of debt, interest rates and value of the Australian dollar are the tools used to achieve those objectives and are not the target in themselves.

In April last year he was saying:

At the time I replied:

the result of a budget is an outcome not a policy tool

And the response I received was

What utter rubbish…

The full conversation can be seen here.

Good to see him change his mind and that we are more or less on the same page!