Economy

Oct 17, 2012

Ten-year budget forecasts? What a crock

A 10-year budget forecast is nonsensical. But maybe the newspaper that has called for it -- the venerable Australian Financial Review should try it for itself.

Well done to The Australian Financial Review for its “courage” in this morning’s editorial in calling for a 10-year outlook for the federal budget.

5 comments

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5 thoughts on “Ten-year budget forecasts? What a crock

  1. Spica

    If you were serious about straight reporting and rational comment would you put Michael Stutchbury in charge ?

  2. klewso

    Good point – “do unto others etc” – is the FIN going to give us a forecast of their next 10 years?
    More “stunted development”?

  3. Mike Smith

    “Because five-year plans worked so well for the USSR.”

    Snicker.

  4. zut alors

    Q: How do you make g0d laugh?

    A: Plan.

  5. jackp

    should be no problem. the AFR will not be around in 10years ..problem solved

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