Australia's budget deficit is by far the best among most, if not all, developed, countries. The UK's deficit, for example, is running at 10.1 per cent of GDP, the US, 8.9 per cent. They have every reason and motivation to raise taxes and cut spending. Not Australia. https://www.financialstandard.com.au/feed/latest?story=31258 en-AU Copyright 2026 Financial Standard 5