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Steven A Swan Tax News
More cuts may be necessary: Swan
AUSTRALIA could face further spending cuts and/or revenue rises this year and in 2013 after Treasurer Wayne Swan pledged to make more budget savings if weaker-than-expected economic growth imperils his promise of a budget surplus.
Read more...Swan's dangerous debt game
Debt undertaken to allow for stimulus after the GFC was arguably the right move. But increasing debt now, as Wayne Swan has done, is putting Australia into dangerous territory. 10 May 2012 8:20 AM
Read more...Labor man: if she won’t resign, caucus must remove Gillard
Julia Gillard is trashing the careers of good men and women, forced to support her, and looking foolish, writes Luke Walladge, long-time ALP member and former staffer and campaigner. Read more on the blog...
Read more...Swan says rate cut made possible by Labor policy
Treasurer lauds RBA decision to lower cash rate by 50 bps. 1 May 2012 3:50 PM
Read more...Gillard Says Budget Gives RBA Maximum Room on Rates
Australian Prime Minister Julia Gillard said returning the budget to a surplus gives the central bank “maximum room” to adjust interest rates and ease pressure on manufacturers that have been hobbled by currency gains.
Read more...Five budget lessons for tough critics
With the lifecycle of a budget now significantly shortened the government has resorted to leaking more in advance, resulting in poorer quality coverage and less scrutiny. 9 May 2012 3:44 PM
Read more...Vic budget – slashing services for the poor, building $500m private prison. Contrast ignored by media
With the release yesterday of a state budget by the Steven Bradburies of Australian politics, Ted Baillieu’s Liberals, Victorians were thrilled to learn of massive spending cuts (including letting basic utility discounts for very low income earners fall behind inflation) in order to pander to the right-wingers’ insane fixation on surpluses-at-all-costs.
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