It is getting hairy. This only works if we get decent growth – solid thumping growth of close to 3 per cent a year by the back end of this parliament. If we get that, the national debt levels out and starts to come down as a percentage of GDP. If we don't – and the challenge will be to grow faster than the rest of the EU and well above our long-term trend – then it is not just the Coalition that is in trouble. We all are. So is this really a Budget for growth?
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