Deficit decade: Tony Abbott's $100 billion black hole

By Mark Kenny
May 30 2015 - 12:15am
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday.  Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday. Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday.  Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday. Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday.  Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday. Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday.  Photo: Andrew Meares
Treasurer Joe Hockey during question time at Parliament House in Canberra on Tuesday. Photo: Andrew Meares

Australia faces more than decade of uninterrupted deficits according to an updated assessment by the independent Parliamentary Budget Office that shows Senate intransigence will carve a $100 billion black hole out of revenue between now and 2025-26.

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