Financial Standard Comments - It's just plain dumb I don't think any Australian would complain if the 2012/13 budget shows a small deficit instead of a small surplus. https://www.financialstandard.com.au/feed/latest?story=24404585 Fri, 07 Dec 2012 13:34:26 +1100 Fri, 07 Dec 2012 13:34:26 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Stuart Jones (AMP) You need to read the fine print on that declaration from the gov't. The surplus target/prediction was based on that good old saying 'all thing being equal'. It was based on old growth rates which were out of date (and inflated) months ago. They know they aren't getting a surplus already. The change to a deficit target doesn't necessarily mean we'll see government spending go up and taxes go down. It is just acknowledging the fact that the surplus was sunk months ago.

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]]> Stuart Jones (AMP) Fri, 07 Dec 2012 13:34:26 +1100