South Australia’s latest budget’s stirring up controversy as Treasurer Tom Koutsantonis calls it “stable and steady,” while opposition parties and critics warn of a looming $53.6 billion debt crisis by 2030 with no clear repayment plan. Liberal and One Nation leaders are united in their criticism, with Cory Bernardi even proposing a debt ceiling of $54 billion to prevent future generations from being saddled with unsustainable obligations. Yet, not everyone’s sounding the alarm—building and mining sectors are cheering the $2.5 billion housing boost and mining exploration funding, while farmers benefit from a $200 million drought loan scheme. But some groups feel left behind: the wine industry is sidelined, mental health services lack investment despite urgent need, and older residents want more systemic support—even as the Seniors Card expansion makes more eligible for discounts. It’s a budget that’s dividing opinion, with winners and losers clearly defined—and the political heat rising fast.
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