The Money Café with Alan Kohler · 2026-09-30 Money Cafe_mixdown
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included a $4 billion contingency reserve in the budget and then let it disappear at year-end, reducing the reported deficit
$4 billion contingency reserve, $6 billion overall deficit improvement
“We can disappear the budget deficit overnight. The NDIS is basically the budget deficit… we’re spending… 50 to 60 billion a year on the NDIS and Australia’s budget deficit is about 60 billion a year”
“EU is now talking about a $1 billion a day trade deficit with China”
“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
“The 12 restructurings that have been done so far have reduced $63 billion of debt to $27 billion”
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