South Australia’s new budget promises a $223 million surplus—but at a cost: debt soaring to $53.6 billion by 2030. No new taxes, no surprises, just election pledges rolled out, including free public school fees saving families $8K per child. But with mega-projects like tunnels and a new hospital looming, critics warn this is a race between short-term relief and long-term ruin. Meanwhile, the Premier’s push for innovation—with a $50 million R&D fund—might not win him votes, but could be aimed squarely at Canberra.
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