Wayne's big forward revenue backfire

The Grattan Institue has shown Australia's financial problems run deep and stem from a gamble on taxation revenue. But the mining revenue shortfalls which surprised Wayne Swan are only the beginning.

Once again the disastrous combination of the Australian Treasury and our Treasurer Wayne Swan has misled the Australian population.

Mathematically Swan will be right that there has been a $7.5 billion fall in taxation revenue from earlier estimates but the problems of the Australian deficit go far deeper than the sudden fall in revenue that Swan talks about.


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