Swan, Stevens and the budget botch-up

Wayne Swan's latest budget forecast could be prematurely negative, but if the Reserve Bank had cut rates by an extra 50 basis points this year a deficit may not have been on the cards at all.

It looks like the Gillard government will retain its status as the lowest taking government since the 1970s with news that a major revenue shortfall will likely see the 2012/13 budget slip into deficit.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles