It's just plain dumbBY BENJAMIN ONG | FRIDAY, 7 DEC 2012 9:10AMI don't think any Australian would complain if the 2012/13 budget shows a small deficit instead of a small surplus. |
Editor's Choice
Australian Ethical ups fees across most super options
|Australian Ethical has increased fees across most of its superannuation investment options shortly after decreasing them earlier in the year.
Mall owners count cost as David Jones enters administration
|Shopping centre owners Scentre Group and Vicinity Centres have almost $80 million a year in rent at stake after Australia's iconic David Jones went into voluntary administration following 188 years of trading.
Australian Unity executive to retire
|A long-serving Australian Unity executive, who has been instrumental in developing of a $2.8 billion trust, is bidding farewell to the organisation after 25 years, as he prepares for retirement.
Instos lower active risk to 'eke out more alpha': Acadian
Large superannuation funds are reallocating from their passive books, and in some cases away from discretionary managers, and moving it into lower-risk systematic strategies, according to Acadian Asset Management (AAM).
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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 It was based on old growth rates which were out of date (and inflated) months ago.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.