sylvestor rants about stuff
Mr Swan says he is still facing difficult circumstances in putting together this year's budget. He says the states are set to benefit from the recovery in GST revenue. But Mr Swan says there has only been some improvement in company taxes. "Those revenues have not recovered like GST revenues have recovered," he said. "GST revenues are strong because consumption has been strong, because the fiscal stimulus underpinned confidence in the economy, but the accumulated losses...
April, 17 2010 • 0 Comments • 0 Faves
Sinking feeling ... John Howard spent recklessly by boosting 'middle class welfare', says the Treasurer. / File. Labor pins deficit blame on John Howard 'Acted like mining boom would never end' $200 billion revenue shortfall WAYNE Swan has promised help for the poor in a "very Labor" Budget tomorrow, but will also use the economic blueprint to demolish what he describes as John Howard's contentious system of middle-class welfare...
May, 10 2009 • 0 Comments • 0 Faves
TUESDAY'S Federal Budget will invest more than $25 billion in key road, rail and port projects, including a heavy rail freight corridor linking Melbourne and Brisbane, aimed at hauling the nation out of recession. The biggest overhaul of national infrastructure since the end of World War II - shifting the Rudd Government's fiscal strategy from short-term stimulus to boosting long-term productivity - will be funded by a variety of sources, The Australian reports. via news.com...
May, 8 2009 • 0 Comments • 0 Faves
I was somewhat bemused to see on the news last night, our Federal Treasurer, Wayne Swan, actually state the words "we are in recession". This followed our illustrious KRuddenator (PM) making the announcement at a talk-fest in Western Australia. "This recession did not generate in Australia, it came from forces beyond this country's control," he said. (http://www.news.com.au/story/0,27574,25364770-5007133,00.html) Considering the last 5 months there has been...
April, 21 2009 • 0 Comments • 0 Faves