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 OZschwitz statists fuck it up again: A decade of deficits forecast

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RR Phantom

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OZschwitz statists fuck it up again: A decade of deficits forecast Vide
PostSubject: OZschwitz statists fuck it up again: A decade of deficits forecast   OZschwitz statists fuck it up again: A decade of deficits forecast Icon_minitimeSun Apr 21, 2013 7:19 pm
Australia faces a decade of budget deficits with the annual total set to pass $60 billion in 2023 unless governments take tough action to "share the pain", an expert panel has warned.

OZschwitz statists fuck it up again: A decade of deficits forecast Artjohn20daley620x349



The Grattan Institute's assessment comes as Treasurer Wayne Swan confirms the budget has taken a $7.5 billion hit since the midyear update in October.

He told the ABC from Washington: "We have seen the terms of trade come down but the dollar didn't move. That's caused a hit, if you like a sledgehammer, to revenues in the budget since the midyear update of something like $7.5 billion. And of course the impact won't just be in this financial year. It will also be across the forward estimates."

Read more: http://www.canberratimes.com.au/opinion/political-news/a-decade-of-deficits-forecast-20130421-2i8hh.html#ixzz2R8vMcWzq
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