One of the Commonwealth’s biggest departments has moved to cull jobs and reduce workloads to meet cuts imposed in Wayne Swan’s MYEFO.
MYEFO
MYEFO and the twisted politics of illusion
There are illusions everywhere in Wayne Swan’s MYEFO documents. In effect, the budget will still be in deficit in 2012-13, it’s just that enough of it has been tacked onto this year’s deficit to get it out of the red.
MYEFO: Swan cuts to save the thinnest of surpluses
The government has unveiled a range of spending cuts but they won’t stop a big blowout in this year’s budget deficit.
Swan can cut, but the bad news from overseas won’t stop
While the mining boom continues to power the Australian economy, the news from offshore continues to worsen.
Swan’s mini budget challenge
Whether things in Europe are catastrophic or merely disastrous has major implications for the coming mini-budget.
Everything’s up, except the deficit — and housing
Today’s Mid-Year Economic Forecast (MYEFO) shows an appreciable acceleration in economic growth this year, but as expected the higher dollar has hit government revenue.
Revealed: The high cost of the CPRS
Yesterday’s MYEFO figures reveal in clear terms just what a policy disaster the current version of the CPRS is. It also gives the lie to the absurd line from ETS opponents that the CPRS is a giant tax.
Throwing the switch to recovery
Today’s new economic forecast means the Federal Government will finally have to stop saying things like we’re “not out of the woods yet” or have “a long way to go” and shift its rhetoric into recovery mode.
Swan: we are “fair dinkum” about sticking to our fiscal strategy
Wayne Swan has unveiled a significant improvement in the Government’s fiscal position from next year, with this morning’s Mid-Year Economic Forecasts showing far higher economic growth and lower unemployment than the Budget forecast back in May.
