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Uni fee deregulation to drive up the deficit

  1. JonnoH

    11,759 Posts.

    "The Abbott government's plan to deregulate university fees would likely drive up inflation and drain billions of dollars from the budget over the long term rather than saving taxpayers money as originally intended, according to one of the nation's top economic modellers. "

    "Only under the most optimistic fee scenarios would it be likely that the proposed package would save the government money in the future," Mr Phillips told Fairfax Media. "The fiscal outcome is not likely to be a deficit reduction measure. Rather it would increase the deficit into the future."

    http://www.theage.com.au/federal-po...-up-the-deficit-analysis-20150216-13fdfl.html

    Only the Libs could design a tax increase that doesn't raise any money - lol

    Abbott just adds to the policy problems - lol

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