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Keating once warned of a 'banana republic'. Chalmers is slowly taking us there

Budget papers say higher taxes on property investors will cut 35,000 planned homes over the next decade, while deficits and debt keep rising.

Summary by The Canberra Times
Paul Keating's 1986 'banana republic' call led to spending cuts. Compare his vision with Jim Chalmers' budget and its long-term economic risks.

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Newcastle HeraldNewcastle Herald
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Keating once warned of a 'banana republic'. Chalmers is slowly taking us there

Paul Keating's 1986 'banana republic' call led to spending cuts. Compare his vision with Jim Chalmers' budget and its long-term economic risks.

·Newcastle, Australia
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  • 100% of the sources lean Left
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The Canberra Times broke the news in Canberra, Australia on Friday, May 15, 2026.
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