Australian Politics Forum - Budget faces years of deficits without cuts

True Blue...

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Budget faces years of deficits without cuts
Dec 2^nd, 2013 at 6:01am

this is what I've been saying for months folks..

THERE will be no let-up in the spending pressures pushing the budget deeper into deficit for at least four years, analysis by the Parliamentary Budget Office reveals, as a private consulting firm warns that deficits will continue indefinitely in the absence of harsh spending cuts. The PBO is preparing a report on the forces that are driving government spending higher at a faster rate than the overall economy, highlighting the role of health and welfare spending, which between them account for more than half of the growth in government outlays over the past decade.

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Budget faces years of deficits without cuts Reply #1 - Dec 2^nd, 2013 at 6:21am Told ya the growth fairy was dead.
Back to top	"When the power of love overcomes the love of power, the world will know peace." Hendrix andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up..... IP Logged

Kat

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Socialism IS the answer.

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Re: Budget faces years of deficits without cuts
Reply #2 - Dec 2^nd, 2013 at 6:24am

True Blue... wrote on Dec 2^nd, 2013 at 6:01am:

this is what I've been saying for months folks..

THERE will be no let-up in the spending pressures pushing the budget deeper into deficit for at least four years, analysis by the Parliamentary Budget Office reveals, as a private consulting firm warns that deficits will continue indefinitely in the absence of harsh spending cuts. The PBO is preparing a report on the forces that are driving government spending higher at a faster rate than the overall economy, highlighting the role of health and welfare spending, which between them account for more than half of the growth in government outlays over the past decade.

Don't like welfare or its recipients, do you?

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