JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings.

If you have trouble accessing our login form below, you can go to our login page.

If you have trouble accessing our login form below, you can go to our login page.

Federal Politics

Politics wrap: August 2, 2013

Date

A mini budget, a pre election budget statement, going through the books, clearing the decks. Whatever you want to call it please join us for our live coverage of the government's rearrangement of fiscal policy.

Video settings

Please Log in to update your video settings

Video will begin in 5 seconds.

Video settings

Please Log in to update your video settings

'Not a crisis, but a transition'

Treasurer Chris Bowen outlines the current state of the government's books and the Treasury's assessment of the declining economy, as well as Labor's proposed savings measures.

PT4M3S http://www.canberratimes.com.au/action/externalEmbeddedPlayer?id=d-2r3wg 620 349
Sort posts by:

So where are we at this point on Friday afternoon?

  • the government has crossed off the final item on its pre election to do list;
  • its economic statement revealed the budget is not in great shape with a bigger deficit and higher unemployment forecasts;
  • this leaves the way clear for Prime Minister Kevin Rudd to call an election as early as this weekend (which would make the big day September 7);
  • the opposition has attacked the economic state saying it shows Labor cannot be trusted to run the economy; and
  • it announced a back flip on its education policy (there is now a "unity ticket" on schools funding).

As usual a big thank you to Alex Ellinghausen (Andrew Meares is having a few days off) and to you for reading, commenting and making this such a fun gig.

We will be back the day the election is called. Maybe tomorrow, maybe Sunday, maybe not for a few more days.

Until then, go well.

 

One last bit of reaction before we head towards wrapping up.

The chief executive of the Business Council of Australia, Jennifer Westacott, has not minced words when it comes to today's economic statement.

"Let's be clear, the government's fiscal strategy is not on track," Ms Westacott says.

"The economic statement has seen a continuation of the muddle through approach characterised by ad hoc and rushed proposals that simply hasn't worked in the past. The measures announced will do little to rebuild confidence."

 

Wondering what all this economic statement stuff is about?

Fortunately, economics correspondent Peter Martin and chief political correspondent Mark Kenny have recorded this interview with online political editor Tim Lester in which they analyse all the numbers.

 

As the election looms, on what economic footing will Labor and the Coalition go head to head? Mark Kenny & Peter Martin analyse the Treasurer's economic statement. Click to play video

Video settings

Please Log in to update your video settings

Video will begin in 5 seconds.

Video settings

Please Log in to update your video settings

Crunching the numbers

As the election looms, on what economic footing will Labor and the Coalition go head to head? Mark Kenny & Peter Martin analyse the Treasurer's economic statement.

PT12M46S http://www.canberratimes.com.au/action/externalEmbeddedPlayer?id=d-2r40q 620 349

Mr Hockey says the Coalition would accept the challenges of government and face up to them: "We will climb that mountain because we have to....We are prepared to do it."

Mr Hockey says he "does not believe these numbers".

(I should apologise for the slightly haphazard nature of the coverage of this press conference. The feed keeps breaking up.)

 

"There is a better way and a better way comes with a change of government," Mr Hockey assures people.

"If you lift the tide all boats will rise."

(No, that was not a comment about asylum seekers but something about making it easier for people to get ahead. I think.)

 

Mr Hockey is - as you might have been expecting - is stressing that the government is unable to manage the economy and that its only plan for economic management is to slug people.

Mr Hockey demands that Parliament be recalled (unless an election is called this weekend) so the debt cap can be debated.

 

 

Opposition treasury spokesman Joe Hockey is now responding to the government's economic statement.

Labor has "lost control of the budget and is losing control of the economy", Mr Hockey says.

"It is the same old Labor and the same old Kevin Rudd.....The budget is in free fall."

Mr Hockey said the statement contained "four new tax hikes".

"If this is the state of the budget before the election imagine what it will look like if Labor is re elected."

 

Waiting for Joe.....

Meanwhile, the head of Asia Pacific research at TD Securities, Annette Beacher, says the changes in the budget position do not present a threat to Australia's triple A credit rating.

"Credit ratings agencies can tolerate near term deficits as long as there is tangible medium term consolidation," Ms Beacher said.

While we wait for the opposition's treasury spokesman, Joe Hockey, allow me to point you in the direction of a story The Age's education editor, Jewel Topsfield, has filed about the opposition's change of heart on schools funding (see 12.53pm post).

Treasurer Chris Bowen speaks to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen speaks to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

Here's one Alex Ellinghausen took earlier. Too good not to share.

In which Treasurer Chris Bowen either mimes or vogues the economic statement, take your pick.

Greens leader Christine Milne says today's economic statement "was in no way socially just".

Instead, Senator Milne says, the government should have reversed the cuts to university funding, the changes to the single parent parent and increased the Newstart allowance (see 2.13pm post).

Senator Milne says it is a statement based on "cruelty and cowardice" because of the cost of the asylum seeker policy.

Instead of looking at winding back subsidies to fossil fuel companies Senator Milne says the government went for the "easy money" of further public service cuts".

 

So we're no closer to knowing the election date (not that we were going to be). Sigh.

But Andrew Meares, Alex Ellinghausen and I are looking forward to being with you for the duration of the campaign.

The former editor of The Sunday Age, Gay Alcorn, has written what I think is a really interesting piece about what the coverage of the campaign will be like.

Gay is now a Fairfax columnist and will be running a fact checking website during the election.

She - like me - is an optimist about this year's campaign coverage. I hope we are not disappointed. But please remember that you, the readers, have a lot of power in this area. I urge you to tell my bosses what you'd like to see. Bombard them with letters, emails, tweets and posts with your thoughts.

For the super keen here is the link to the economic statement papers.

 

They are quite excited so please excuse their fevered use of capitals (and punctuation):

 

Opposition MPs have had a bit of time to go through the economic statement.

They are tweeting their thoughts:

 

 

In the 1.33pm post I did a quick summary of the figures relating to the cost of the government's asylum seeker policy.

Immigration correspondent Bianca Hall has now filed this story which has a look at the numbers in a bit more detail.

 

I don't know about you but I don't think the calls for a $50 a week rise in the Newstart allowance (unemployment payment) are going all that well - not when you consider the number of people without jobs has just been predicted to rise and the general state of the budget.

The chief executive officer of Mission Australia, Toby Hall, has had a look at the statement and says the revised figure hides the true picture of unemployment.

"When you think about the level of underemployment out there, the number of people who want to work more hours but just can't find them, we're talking about a real level of unemployment that's easily double that figure [6.25 per cent]," Mr Hall says.

Mr Hall says the government must looking at boosting employment services for people looking for work.

"We know there's not a bottomless pit of money the government can call on....But we can't leave all the heavy lifting to the most vulnerable. The burden has to be shared," Mr Hall says.

The Greens will provide their response in a little over half an hour.

The opposition's treasury spokesman, Joe Hockey, will provide his view at 3pm.

And that's a wrap for the press conference.

What do you think? Given the state of the books should the government ditch its commitment to a surplus in 2016/17? Have your say in our online poll which you can find here.

 

I've got to hand it to my press gallery colleagues. No one has tried to winkle out the election date. Yet.

Economics correspondent Peter Martin has filed this analysis of the statement.

"Since May the budget's been bleeding red ink," Peter writes.

 

Hai hai.

 

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

Let me take a second to pull out the figures about the cost of the Papua New Guinea asylum seeker policy.

The cost will be $1.1 billion over four years including $174 million this financial year. This includes $236 million over the next four years to support people who have arrived by boat to live in the community (which is being offset by the slow down in growth to the aid budget).

Some of the $1.1 billion will be offset by a $423 million reduction in operating costs of immigration detention in Australia.

(The government had previously said it would give Papua New Guinea an extra $420 million over the next four years as part of the asylum seeker deal.)

 

 

 

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

"We're about to head into an election campaign...." one reporter begins.

"So I hear," Treasurer Chris Bowen dryly agrees.

(It was not the preface to a question about the date but a question about whether today's economic statement is the set of figures the government will take into the campaign. Mr Bowen says it is.)

Slowly but surely Prime Minister Kevin Rudd's hand gestures are being adopted government wide.

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen and Finance Minister Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

Finance Minister Penny Wong says the government decided against cutting health and education services.

"That's the Liberal way," Senator Wong says.

 

Treasurer Chris Bowen and Finance Minister Senator Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen and Finance Minister Senator Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

So, heading into an election campaign, this graph shows on the right hand side how Labor looks compares with the Coalition on the left hand side. (Just kidding - it's a graph highlighting a very important economic statistic.)

Treasurer Chris Bowen and Finance Minister Senator Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday.

Treasurer Chris Bowen and Finance Minister Senator Penny Wong speak to the media after releasing the government's economic statement at Parliament House on Friday. Photo: Alex Ellinghausen

Mr Bowen does not deny that things are serious but, he says, the cuts the government have made are "sensible measures".

He did not want "harsh and swinging cuts that would make our economy smaller and lead to higher unemployment".

There is talk of "difficult decisions" such as the increase in the tobacco excise, the slowing of the growth in the aid budget (to help offset the cost of the PNG asylum seeker policy) and another efficiency dividend for the public service.

Mr Bowen says there will be no changes to the family tax benefit arrangements or the age pension and the school kids bonus will remain in place.

 

Treasurer Chris Bowen says Australia economy is in "transition - not crisis, transition".

(Breaking news reporter Judith Ireland has also filed this first take on the statement which we will be updating throughout the afternoon.)

And yes - there are graphs.

 

 

The economic statement has now been released.

I brought you some of the main figures in the 12.34 pm post.

Some of the others are:

  • the size is the deficit in 2013/14 is expected to be $30.1 billion;
  • the deficit in 2014/15 is expected to be $24 billion; and
  • the budget is expected to return to a surplus of $4 billion in 2016/17.

In total the statement contains savings of $17 billion (including things we already know about like the change to fringe benefit tax arrangements for cars, the levy on banks and the increased tax on cigarettes).

This is the scene from the "blue room", officially known as the ministerial press conference room where Treasurer Chris Bowen and Finance Minister Penny Wong will shortly release the government's economic statement.

I think we can all agree it bodes well for those of us hoping for slides, graphs and pie charts.

 

Cameramen get ready for Treasurer Chris Bowen and Finance Minister Senator Penny Wong to speak to the media on Friday.

Cameramen get ready for Treasurer Chris Bowen and Finance Minister Senator Penny Wong to speak to the media on Friday. Photo: Alex Ellinghausen

Meanwhile, Opposition Leader Tony Abbott is in Melbourne. He has been visiting schools with his education spokesman Christopher Pyne.

Earlier today Mr Abbott announced a significant policy change - some might even call it a back flip - by committing the opposition to keeping the government's school funding changes. (The changes were one of the signature reforms of former prime minister Julia Gillard.)

Mr Abbott promised a Coalition government would match the Commonwealth funding for schools for the four years from 2014. Only yesterday Mr Pyne was saying the best the Coalition could do was commit to a year of the new funding arrangement.

We will be updating this story throughout the day but you can read the first take on it here.

Presumably the terms "Gonski" and "Conski" had now been banished from the lexicons of opposition MPs.

Two things worth noting about the announcement:

  • the timing (it will - of course - be overshadowed by the government's economic statement); and
  • the opposition must be very keen to neutralise education as an election issue.

 

Prime Minister Kevin Rudd is not in Canberra today (which means he won't be popping in to see the Governor-General, Quentin Bryce, at Yarralumla).

Mr Rudd is in sunny Queensland where he will dine with independent MP Bob Katter tonight.

Breaking news reporter Jonathan Swan has confirmed the following headline figures from the economic statement with a government source:

  • a revenue shortfall of $33 billion across the forward estimates;
  • the budget to be back in surplus in 2016/17 but at only about half the size of the $6.6 billion figure predicted back in the May budget;
  • unemployment will be higher than thought at 6.25 per cent in 2013/14 (up from 5.75 per cent); and
  • the economic growth figure has been revised down to 2.5 per cent (from 2.75 per cent).

 

So what do we know about the possible date?

As soon as Kevin Rudd returned as prime minister he made it clear he was not going to keep the date chosen by Julia Gillard (September 14).

Since then we've returned to the days of endless speculation about dates. At the moment the odds favour September 7 which would mean the election would be called some time in the next few days.

This would mean Prime Minister Kevin Rudd would not attend a meeting of the United Nations in New York scheduled for that same weekend. It also means he would save voters from the conundrum that had been posed by a possible September 21 election - that is Mr Rudd's birthday. Could you vote a man out on his birthday?

But it leaves the issue of the referendum on local government recognition which cannot be held before September 14. The government is not obliged to go ahead with the referendum on that date. In fact it would be relatively easy to argue it needs to be delayed because it fears the Coalition's division on the issue would lead to defeat.

I know many of us are keen to find out the election date. No doubt Ministers Bowen and Wong will be asked about it in just over an hour's time and they will find all kinds of ways to say they don't know.

Mr Bowen was asked about the date on Channel Seven earlier today.

Here's what he had to say: "Oh you're going to see all this speculation around this time of year. It's going to be fever pitch. Has Kevin Rudd scratched his ear, which city is he in, is he going to call an election today? Election's getting closer, of course it is."

 

Online political editor Tim Lester recorded this interview with economics correspondent Peter Martin earlier today about the economic statement.

 

Mini budget, major headache (Video Thumbnail) Click to play video

Video settings

Please Log in to update your video settings

Video will begin in 5 seconds.

Video settings

Please Log in to update your video settings

Mini budget, major headache

The government reveals its economic statement, including a new bank tax. With Peter Martin and James Massola.

PT8M36S http://www.canberratimes.com.au/action/externalEmbeddedPlayer?id=d-2r3bz 620 349

At 1pm Treasurer Chris Bowen and Finance Minister Penny Wong will announce the details of the changes to the government's budget position.

The statement has been made necessarily by a few things - the changes to the carbon price announced last month and additional expenditure on immigration policy as a result of the PNG solution.

Chief political correspondent Mark Kenny has written this piece about what we know will be in the economic update.

 

 

Finance Minister Penny Wong during a doorstop interview at Parliament House in Canberra on Thursday 1 August 2013.

Finance Minister Penny Wong during a doorstop interview at Parliament House in Canberra on Thursday 1 August 2013. Photo: Alex Ellinghausen

A mini budget, a pre election economic statement, rearranging the books, clearing the decks.

Whatever you want to call it please join Alex Ellinghausen and I for a mini blog on the government's economic statement - the last set piece before an election is called.

Sort comments by:
  • I cannot believe how bad things have been stuffed up. At a time that we should be spending money and reducing taxes, ie during a domestic economic downturn, we are actually CUTTING spending and raising taxes because all the money earned by the mining boom and tax reform by Howard was flogged in over-extravagant handouts during the GFC rather than small er responsible assistance. Oh and I just received my local water rates increase, WHAT THE HECK???...thanks alot former Vic labor govt and desalination plant

    Commenter
    Carlo
    Location
    Elwood
    Date and time
    August 02, 2013, 4:37PM
  • "4:10pm: So where are we at this point on Friday afternoon?".

    Getting ready to go fishing.

    God life is so tough in Australia.

    Might crack a new bottle of Irish Whiskey (Jameson's .... after all this isn't the ABC) tonight.

    Duty free .... of course.

    Commenter
    J. Fraser
    Location
    Queensland
    Date and time
    August 02, 2013, 4:26PM
  • I always had the understanding that any budget submitted by the governing party had to be passed through pariament before it can be enforced.

    Commenter
    J.G.
    Location
    Date and time
    August 02, 2013, 4:25PM
  • ex liebral PM Malcolm Fraser is supporting the Greens..what a slap in the face for Abbott.

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 4:19PM
    • And he could do with a few more of them.
      The Liberal Party of Mals time is a long way from what we see today a la Tea Party and beholden to the Big End.
      Any wonder Abbott criticises the Increase in cigarette taxes. They unlike Labor or the Greens still accepts major donations from the Tobacco corporates. Just another example of puppet and masters.

      Commenter
      A country gal
      Location
      Date and time
      August 02, 2013, 4:24PM
  • You would have thought somebody might have pointed out to Bowen that the Australia's economy has been in 'transistion' since 1788.

    Maybe this idiotic slongan is the work of Labor's new Yankee spin doctors?

    Commenter
    SteveH.
    Location
    Date and time
    August 02, 2013, 4:16PM
    • I find your references to the Concordia disaster where people died very distasteful.

      Commenter
      J. Fraser
      Location
      Queensland
      Date and time
      August 02, 2013, 4:29PM
  • Maybe English born boat immigrant Abbotts budget will be invisible,that way he wont need to explain it to invisible people.

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 4:16PM
  • And where is the PM in this debacle - nowhere to be seen. Working on his next smoke and mirrors statement to take the heat off the Government and the mini budget.

    Commenter
    Neutral Voter
    Location
    Date and time
    August 02, 2013, 4:13PM
  • The government would save money if they lost all the overpaid contractors and just kept the public servants in their jobs.

    If public servants get sacked they will only be replaced with contractors whose companies will be paid three times that of a public servant wage.

    Use your brains Labor, keep the public servants in their jobs and toss the contracting companies.

    Commenter
    Sharron
    Location
    Canberra
    Date and time
    August 02, 2013, 4:10PM
  • Wow, so now the Business Council of Australia have come out with a statement. Aren't they affiliated with the Liberal Party?

    The Business Council of Australia is a lobby group of Australia's biggest companies and includes a number of multinationals like Microsoft, Bank of America, British American Tobacco, Boeing, Chevron, IBM, General Electric etc.

    You know, all those companies that try to pay as little tax as possible, with many getting close to paying no tax.

    They are calling for the GST to be increased. They want us paying more tax and they want to pay even less tax.

    There's something seriously wrong here. Don't confuse the name with being in the interests of Australians.

    Commenter
    Tone
    Location
    Melbourne
    Date and time
    August 02, 2013, 4:08PM
    • The BCA is a industry body which consists of the CEO's of the 100 top Australian companies. You know companies like ANZ, Bluescope Steel. You know companies that actually do something like employ people.

      But no. Let's just slag them off because they have nothing to add to the debate according to you.

      I love the complete lack of comprehension of people in this world as to how the economy actually works.

      Commenter
      Jamie
      Location
      Surrey Hills
      Date and time
      August 02, 2013, 4:24PM
  • Why this LNP obsession with surpluses? Apart from a surplus what did Howard achieve in the way of nation building? If governments in the 30 years after WW2 had “lived within their means” we would have had no Snowy River Scheme or any of the nationwide infrastructure that helped build our prosperity. A government does not run like a business. Or maybe it does as most business operates with significant debt? An LNP austerity obsessed government would grind this economy to a halt.

    Commenter
    cbd
    Location
    Date and time
    August 02, 2013, 3:56PM
  • Itsawrap, you can blame Rudd for delaying the election. As soon as he visits the Governor General Abbott will need to release his alternative policies soon after.The opposition's role is to provide opposition.The elected government's role is to govern - which Labor is doing very poorly at. The poorer the government, the more you'd expect the opposition to say no. Now the Mining Investment Boom has ended Labor's economic incompetence is being laid to bare.

    Commenter
    Jason
    Location
    Date and time
    August 02, 2013, 3:56PM
    • I thought an opposition was meant to present as an alternative to the government rather than just "oppose" for the sake of it?

      Commenter
      cbd
      Location
      Date and time
      August 02, 2013, 4:16PM
  • If an industry is successful Labor will give it extra taxes.
    (Mining Tax, Banking TAX)
    If an industry if Failing Labor will give it FREE Cash collected from the extra taxes (Car makers)
    Punish Success and Reward Failure. It's Labornomics 101

    Commenter
    Cwitty
    Location
    Sydney
    Date and time
    August 02, 2013, 3:53PM
    • Looked at another way successful businesses do everything they can to avoid paying taxes and failing businesses do everything they can to get support from the Government Liberal/National economics 101

      Commenter
      Graeme Henchel
      Location
      Dixons Creek
      Date and time
      August 02, 2013, 4:14PM
    • Oh you mean corporate welfare like Abbott's "Vision 2030 northern special economic zone" with special tax concessions, lax regulations, slack environmental standards and a fast tracked guest worker scheme for Liberal donor and the richest person in Australia who can't file mining company tax returns with ASIC on time.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:19PM
  • Seriously, we have pretty high taxes here in Australia, yet more and more we just keep seeing incompetence and more and more money just being dwindled away. Labor, Liberal, greens, who cares, it just seems they go into Parliament, receive very generous salaries, have a few laughs in question time and go home. Sure they pass a few bills along the way just to tick a box and then its back into Wonderland. I think our taxes should be linked with Government efficiency. That way I would not have to pay any tax at all.

    Commenter
    Chalkies tax haven
    Location
    Date and time
    August 02, 2013, 3:45PM
  • You cant forget the budget was only 2 mths ago, HOW COULD YOU BE THAT FAR OFF THE MARK???? so Labor keep on increasing taxes to make up for bad policy on the run. There is only so much blood you can get out of a stone.

    Commenter
    Damian
    Location
    NSW
    Date and time
    August 02, 2013, 3:42PM
  • Peons, I want your money and your vote.
    You will give it to me because , and let me say this, quite frankly, you love me.

    You will give me your money and vote for me. I am destroying the negative politics, making you feel better about me and about yourselves.

    Saving lives on boats - easy - give me money.

    Surplus - of course - give me your money.

    you love me i am kevin07 the real deal - and i am on twitter...

    Commenter
    KevinUknowULoveMe747
    Location
    The lodge
    Date and time
    August 02, 2013, 3:41PM
    • Tristan
      457 visas are nothing to do with the budget deficit Blow Out.
      That is all Rudd, Swan and Wong's problem and in turn it becomes our problem and that of the generation behind us.

      Commenter
      yys
      Location
      Date and time
      August 02, 2013, 3:40PM
    • Tristan
      457 visas are nothing to do with the budget deficit Blow Out.
      That is all Rudd, Swan and Wong's problem and in turn it becomes our problem and that of the generation behind us.

      Commenter
      yys
      Location
      Date and time
      August 02, 2013, 3:40PM
  • Here's some news for Bowen: The economy has been in transition from the day Rudd was elected in 2007... and it ain't been good.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 3:39PM
  • Over the next five years the federal budget is forecast to pay $47.6 billion of interest on borrowings. When John Howard left office there was no debt. Labor are untrustworthy and incompetent. If this continues we will be consigned to a second rate economic existence despite our agricultural and mineral wealth. This is a national travesty. Shame Rudd, Shame Gillard, Shame Swan.

    Commenter
    Peter
    Location
    Eaglemont
    Date and time
    August 02, 2013, 3:37PM
    • No, no, no Peter.

      Stop perpetuating this myth.

      "It's about time the economy was managed" (The Age 15 Mar 2007)

      "At the time of the election, net foreign debt was $193 billion." (1996)

      "The day after the election the debt truck was garaged, never to be seen again."

      "Since then, net foreign debt has grown 170 per cent to $520 billion.." (2007)
      "...and is continuing to grow by nearly $50 billion a year despite the biggest export commodity price boom since the Korean War."

      www.theage.com.au/news/opinion/its-about-time-the-economy-was-managed/2007/03/14/1173722553786.html?page=fullpage

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:24PM
  • I wonder how much English boat immigrant Abbotts war bill will cost us in the end?

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 3:35PM
  • why is everybody so unhappy? you'll have NBN access soon. you can use all that bandwidth to checkout the live tollway cameras to see if it's even worth trying to use the roads you're paying through your own nose for. your parents can have a look as well, at the privatised tollways their taxes paid for in the first place (isn't there some old nursery rhyme about the government being there to build roads?)

    Commenter
    sun
    Location
    Date and time
    August 02, 2013, 3:34PM
  • So the tax on our savings is to pay for the PNG solution.

    Commenter
    timjackelton
    Location
    Date and time
    August 02, 2013, 3:31PM
    • Whereas the Coalition's Nauru policy is sponsored by Toll Holdings and News Ltd.

      And British American Tobacco and Phillip Morris political donations helped shape Abbott's policy on plain packaging of cigarettes.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:13PM
  • If I am to vote for the coalition I want to see something positive and constructive come out of Tony Abbot or Joe Hockey's mouth. They are way to predictable with their negativity.
    Give me an OPTION!!!

    Commenter
    ItsaWrap
    Location
    Brisbane
    Date and time
    August 02, 2013, 3:31PM
    • No!

      Commenter
      Puzzled
      Location
      Date and time
      August 02, 2013, 3:36PM
    • Paid parental leave as a work entitlement not as welfare. Promoting Gender equity. Positive policy. What do you think about that policy?
      Speaking positively about this govt is a big ask. What nice things should Tony say about Kevin, for example?

      Commenter
      Cwitty
      Location
      Sydney
      Date and time
      August 02, 2013, 3:44PM
    • Itsawrap, you can blame Rudd for delaying the election. As soon as he visits the Governor General Abbott will need to release his alternative policies soon after.The opposition's role is to provide opposition.The elected government's role is to govern - which Labor is doing very poorly at. The poorer the government, the more you'd expect the opposition to say no. Now the Mining Investment Boom has ended Labor's economic incompetence is being laid to bare.

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 3:55PM
  • Cue the Kevin Rudd add that our debt is not bad. Wonder if his graph has been updated ?

    Commenter
    Kaboda
    Location
    Date and time
    August 02, 2013, 3:30PM
  • All this talk of deficit is smoke and numbers... Its like the Queensland dupe of $64bn debt IF the budget was allowed to roll on ... But everyone knows that adjustments had to be made to pull in bleeds.

    We have two stark choices here... Cuts, cuts, cuts and stop the flow of money in the Community.. which means vital services and jobs go... and those with money are insulated. On the other hand a rise in taxes and "prudency" means we still have money flowing AND we do not lose jobs or services.

    I know what Hockey Stick and Father Abbott stand for... Blame Labor Blame Labor... so push the rhetoric so that they can keep their jobs and power... But what about our jobs????

    Personally I feel better services and perhaps higher taxes is the answer.... because those with money cannot be trusted to spend it as Liberal Rhetoric pushes.

    Commenter
    Freddo?
    Location
    Melbourne
    Date and time
    August 02, 2013, 3:29PM
    • Ahhh, freddo, labor are being blamed because they are in government and are responsible for the current situation through their economic management.

      Commenter
      Greg
      Location
      Here and There
      Date and time
      August 02, 2013, 3:35PM
    • What's gone on in Queensland is called disaster economics. If you can convince everyone that things are worse than they are, you can introduce unpopular changes "for the common good."

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:41PM
    • There is a 3rd option. Fix whatever is causing the problem. Productivity, IR, High energy costs, uncompetitive exports whatever. Instead of taking a piece of pie from one person and giving it to another, which is the labor way, why don't we bake a bigger pie ?

      Commenter
      Ecka
      Location
      Date and time
      August 02, 2013, 4:06PM
  • call the election Rudd and move on. as usual you will leave the Libs with S##T to clean up in the tradition of Labor governments. The last 6 years has been a joke and we must put a stop to this waste. the reality is that whenever the Libs come in to power they are forced to make cuts beacuse of the waste of the Labor Party.Be nervous Public Service you will be cut and you should be.

    Commenter
    Damain
    Location
    Toorak
    Date and time
    August 02, 2013, 3:28PM
    • Short memory people:

      ‘Howard the king of the loose purse strings..’ by Peter Martin, Sydney Morning Herald.

      Read more: http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the-king-of-the-loose-purse-strings-20130110-2cj32.html#ixzz2amFcOnPC

      Commenter
      Norman
      Location
      Date and time
      August 02, 2013, 3:43PM
    • Damain,

      Please don't try to rewrite history.

      Howard squandered government revenue especially during the 2001 and 2004 elections.

      "Howard's way" (Sunday 10 Oct 2004)

      "LAURA TINGLE: At the same time, of course, as he introduced the GST, John Howard has changed the capital gains tax regime, which was always pretty pathetic in Australia and he's taken it back to being particularly pathetic, which has led to massive over-investment in housing at the cost of what you could call the productive economy. "

      http://sgp1.paddington.ninemsn.com.au/sunday/cover_stories/transcript_1662.asp

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:43PM
  • And, typical of the Greens' bizzaro view of the world, Milne demands more spending.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 3:27PM
  • No, its not a crisis...BECAUSE ITS NOT THEIR MONEY. Goodbye Labour.

    Commenter
    Country Carole
    Location
    Melbourne
    Date and time
    August 02, 2013, 3:26PM
    • It's goodbye 'Labor'.

      Commenter
      JTHooker
      Location
      Date and time
      August 02, 2013, 3:33PM
    • In that case, it's not yours either.

      Commenter
      M
      Location
      Date and time
      August 02, 2013, 3:50PM
  • Some of the others are:
    the size is the deficit in 2013/14 is expected to be $30.1 billion;
    the deficit in 2014/15 is expected to be $24 billion; and
    the budget is expected to return to a surplus of $4 billion in 2016/17.

    So.. in 206/17 we are suddenly going to see a $28B turnaround. What could possibly go wrong?

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 3:26PM
  • Do either or both Chris Bowen or/and Penny Wong know what they're doing? Not that Joe Hockey would be any better. Or have they learnt the zen of Houdini accounting?

    Commenter
    Monty
    Location
    Date and time
    August 02, 2013, 3:23PM
    • Wong is a Bachelor of Law, and Medicine. According to her bio no economics.
      Bowen has a Bachelor of Economics.

      Commenter
      Neutral Voter
      Location
      Date and time
      August 02, 2013, 4:07PM
    • Tristan
      The Coalition supported the 1st stimulus approx. $10billion. The Coalition did not support the 2nd stimulus approx.$42billion as they said it was too big and needed to be more like half that amount
      Oh... to now have that $20billion dollars that Labor wasted back then.

      Commenter
      yys
      Location
      Labor :Spend and Tax, SPend and Tax
      Date and time
      August 02, 2013, 3:21PM
    • Tristan
      The Coalition supported the 1st stimulus approx. $10billion. The Coalition did not support the 2nd stimulus approx.$42billion as they said it was too big and needed to be more like half that amount
      Oh... to now have that $20billion dollars that Labor wasted back then.

      Commenter
      yys
      Location
      Labor :Spend and Tax, SPend and Tax
      Date and time
      August 02, 2013, 3:21PM
  • Where is English born boat immigrant Abbotts 3 AAA+ ratings?..Never achieved it and never will.Even his own party calls him an "Economic Illiterate"hahahahahaha.

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 3:20PM
    • Do you ever post about anything else?

      Commenter
      panda
      Location
      perth
      Date and time
      August 02, 2013, 3:58PM
    • Steeden, you had better speak to your union mates and organize a protest march for Sunday, to let Rudd, Bowen and Wong that you are unhappy with job losses that are coming ouir way.

      Commenter
      thepres
      Location
      Date and time
      August 02, 2013, 4:05PM
  • To all the Rudd redux fans...be careful who you vote for...and to all those whining about the housing market and those retirees with 'million dollar' houses...they were bought during times when banks charged between 18 and 21% pa interest rates. A take out pizza was a weekly treat if you were lucky...

    Commenter
    Tick Tock
    Location
    South Melbourne
    Date and time
    August 02, 2013, 3:16PM
    • Tick Tock,

      What you fail to mention is that during the Hawke/Keating era, you could afford to buy a 2 bedroom house in inner city suburbs like St Kilda for $150,000, and after Costello's 50% tax free capital gains, the GST, and uncapped, non-means tested first home owner grants used by investors and the wealthy to buy property in their adult children's names, we now have the lowest housing affordability ever - both buying and renting.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:55PM
  • So now we know why Rudd is calling an election later rather than sooner.

    Commenter
    jimhaz
    Location
    Occupy Cronyist Governments
    Date and time
    August 02, 2013, 3:15PM
    • no its is just that he wants to enjoy his PM status as long as he can ni current circumstances it is not about anything else...just to be served at Lodge and show himself on international scene, he hopes to go to Prince George's christening to rub shoulders...and be important...

      Commenter
      Sedona
      Location
      Date and time
      August 02, 2013, 4:27PM
    • How many economists ever ran a successful business? oh, that's right most are only employed by government

      Commenter
      Michael M
      Location
      Date and time
      August 02, 2013, 3:12PM
    • How many economists ever ran a successful business? oh, that's right most are only employed by government

      Commenter
      Michael M
      Location
      Date and time
      August 02, 2013, 3:12PM
  • The BIG 4 and the juniors ANNUAL Profit is close to $30 Billion but not one quibble.
    Yet the same amount is forecast it brings out the detractors and doom sayers!
    The equity market is not worried and powering along. Only Tony and his cronies are shedding crocodile tears!
    Time for ABBO to spell out his solution.

    Commenter
    Stop the Propaganda!!!!
    Location
    Date and time
    August 02, 2013, 3:11PM
    • It is not the size of deficit but the direction that is the problem - government debt keeps rising. Europe and USA had 2% deficits once too - look at them now. Labor has no credible path to return the budget to suplus in the foreseeable fture. The Mining Boom has just ended and what have Labor got to show for it?

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 3:36PM
  • More Flubber (from the Disney movie) was announced this afternoon. I can see the Flubber bouncing around the halls of parliment. Less than 3 months ago we had a deficit of $18B now it is $30B? $12B in less than 3 months. What will it be next month. Can anyone take these people seriously. Oops there goes the flubber flashing past bouncing off the walls and ceiling. There is very little chance that - oops flubber attack - a surplus will happen in the next 5 years. At least we know why the PM of PNG is happy. Which country will suffer from the shortfall of AusAid being poured into PNG. Watch out for that Flubber bouncing around. Can't wait till the next announcement.

    Commenter
    Neutral Voter
    Location
    Date and time
    August 02, 2013, 3:08PM
  • I'll have to vote Labor, cause Tony is still only saying errrrrrrrrrrrr....

    Commenter
    Nochoice
    Location
    Date and time
    August 02, 2013, 3:06PM
    • Tired Camel,

      I think the head of the NBN has higher level skills and experience than your standard Brumbys baker (no offence to bakers intended).

      Remember Liberal backbencher and hypocrite Don Randall's comments in 2007 when Costello chose offshore bank Northern Trust to manage the Future Fund.

      'I get annoyed for example when I ring up a bank with my Diners Club card and get an Indian voice somewhere in Bangalore — that annoys me as much as I'm sure this is going to annoy others,' he said. 'I think Australian jobs for Australians in Australia.'"

      Do what Don Randall says, not what Don Randall does.

      Because Don Randall used a 457 visa for his Brumbys bakery when he made that comment.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:05PM
  • This treasury mob and their RBA mates wouldn't be given a job of fine tuning a child's push bike let alone Noddy's little red car. BTW the threads are all left handed, in case you failed to notice!

    Commenter
    3217
    Location
    Date and time
    August 02, 2013, 3:04PM
  • @George - how is it free insurance when it coming out of our pockets, you Labor cronies need a serious reality check

    Commenter
    Moogey
    Location
    Camberra
    Date and time
    August 02, 2013, 3:02PM
    • It will probably increase the level of risk banks will take.

      On the other hand it could be good - Europe and the US may still fall. This last year is still a dead cat bounce to me.

      The only resolution possible is the distribution of the wealth held by the top 2-3%, which would be a massive stimulus to growth.

      Commenter
      jimhaz
      Location
      Occupy Cronyist Governments
      Date and time
      August 02, 2013, 3:22PM
    • And advertisements televised in Australia telling People Smugglers "the game has changed"...

      Commenter
      beasleyst
      Location
      Sydney
      Date and time
      August 02, 2013, 2:57PM
    • And advertisements televised in Australia telling People Smugglers "the game has changed"...

      Commenter
      beasleyst
      Location
      Sydney
      Date and time
      August 02, 2013, 2:57PM
    • When interviewed by the ABC, the Coalition conceded that they would have had a budget deficit because of the GFC as well.

      They gave bipartisan support for the stimulus package although they decry it now.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:57PM
    • When interviewed by the ABC, the Coalition conceded that they would have had a budget deficit because of the GFC as well.

      They gave bipartisan support for the stimulus package although they decry it now.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:57PM
  • So this 'statement' is just to tell us the projections have worsened, and there is little new (except 'administrative changes' to boost the bottom line)?

    I must confess I'm more annoyed at the waffle I've had to sort through to get this than the government dressing up a minor announcement as a major event.

    A commitment to a 'surplus' after the next parliament is as irrelevant as finding out that Rudd's ministers aren't going to tell you the election date (you reckon? Since when has someone other than the PM announced an election!?).

    Commenter
    Simon
    Location
    Sydney
    Date and time
    August 02, 2013, 2:56PM
    • Blairy,

      As I've pointed out repeatedly, it is the Coalition that introduced 457 visas 17 years ago in 1996 which aided and abetted big businesses and employment agencies in outsoucing and offshoring tens of thousands of skilled jobs.

      It is the Coalition which wants to fast track 457 visas and weaken regulations "cutting red tape".

      It is also the Liberal state governments in Vic, NSW and Qld which are continuing to sack tens of thousands of public servants and replace them with casuals, contractors and labour hire staff.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:55PM
    • Blairy,

      As I've pointed out repeatedly, it is the Coalition that introduced 457 visas 17 years ago in 1996 which aided and abetted big businesses and employment agencies in outsoucing and offshoring tens of thousands of skilled jobs.

      It is the Coalition which wants to fast track 457 visas and weaken regulations "cutting red tape".

      It is also the Liberal state governments in Vic, NSW and Qld which are continuing to sack tens of thousands of public servants and replace them with casuals, contractors and labour hire staff.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:55PM
  • GET RID OF NEGATIVE GEARING AND CAPITAL GAINS TAX CONCESSIONS!!!!

    Commenter
    Jb
    Date and time
    August 02, 2013, 2:53PM
    • Agree.

      Peter Costello's 50% tax free capital gains in 1999 helped foster books like chartered accountant Steve McKnight's "From 0 to 130 Properties in 3.5 Years" published in 2003 and the Henry Kaye get rich quick property schemes.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:10PM
    • No worries. Get rid of them. Then there will be no rental accommodation and the building industry would collapse. Yes, go ahead and get rid of them.

      Commenter
      Facts are
      Location
      Brisbane
      Date and time
      August 02, 2013, 3:39PM
    • That is a good idea, and when property prices plummet, and banks recall debts what do you think will happen to the economy? Oh that's right it just happened in the USA.

      Commenter
      Smart
      Location
      Date and time
      August 02, 2013, 3:51PM
    • Wrong --111111111111111111111111111

      Commenter
      Baltic13
      Location
      Date and time
      August 02, 2013, 2:52PM
  • The figures show that Australia is in recession, well done to labour party

    Commenter
    Glen_
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:52PM
    • Glen,

      Don't forget to give credit to the Coalition and the employer unions for the creation of their uncapped 457 visa widely rorted scheme 17 years ago, which has completely failed to fulfil its alleged intention of plugging skills gaps but has served wonderfully as a pathway to permanent residency, created jobs in the shonky employer, employment agency, migration agency, private education provider, tourist visa overstayer fields, and helped employers to outsource and offshore jobs, and undermine local pay and conditions.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:21PM
    • Tristan you lot must be on something a GFC that only happened in the Northern Hemisphere USA and Western Europe. Canada a similar economy to ours didn’t spend and didn’t suffer ill effects. This bunch of idiots led by Rudd handed our $900 checks that mostly went into bank accounts or China. Knocked down in some cases perfectly good School Halls and rebuilt at up to 6 times the real cost of the structure. Went from in the black to nearly $300 billion in the red. And just 3 months post budget the deficit has nearly doubled for this year to $33 billion. Over 4300 asylum seekers arrived in July and the cost will be born maybe forever by the tax payer what is it at now $100000 per person! And you all believe the shame of the carbon tax to an ETS, that will never get throught the senate but despite that treasury estimate the ETS could be as high as $38 p/t by 2018. So I want what you lot are on, I want to see the pretty rainbows and flowers gently blowing in the wind ahh socialist paradise!

      Commenter
      the imp
      Location
      Date and time
      August 02, 2013, 3:36PM
  • Mini-budget- Fail, fail, fail. FBT on cars and bank levy are the only redeeming features.

    Howard's middle-class welfare in the many billions is left untouched. Failure of nerve and principles.

    On ther other hand, Abbot is a "no policy" joke. Tony, It is not a matter of you not trusting Australians with your policy. Strangely enough, it is a matter of whether the voters trust you.

    Commenter
    Mikie
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:48PM
    • Why release policy when its more fun watching Labor implode!

      Commenter
      Pawel
      Location
      Date and time
      August 02, 2013, 2:55PM
    • Agree, Labor are doing a good enough job at destroying themselves - why muddy the waters with policy announcements!

      Commenter
      Moogey
      Location
      Camberra
      Date and time
      August 02, 2013, 3:07PM
    • That's the spirit Pawel.

      As Tony Abbott said in his leaked email with his political strategist, he doesn't need policy content.

      His speech just needs to give the impression that he's more fair dinkum and a good bloke.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:24PM
  • This is the same Penny Wong that stood next to Wayne Swan and said there would be a surplus ..Now the Australians must believe Labor's Forecasts

    Commenter
    wal
    Location
    Nth Sydney
    Date and time
    August 02, 2013, 2:48PM
    • This is the same Penny Wong who was Julia's stalwart supporter, confidant, and friend.

      Commenter
      Louis Cypher
      Location
      Date and time
      August 02, 2013, 4:02PM
    • Tired Camel,

      Do try to keep up and don't be like Tony Abbott who is still in denial.

      Let's not forget the Coalition voted against the improvements to 457s.

      "Report shows past rorting of visa program was widespread"

      "ELEANOR HALL: Well as the Prime Minister focuses on maritime asylum seekers, others with expertise on Australia's broader immigration program are warning about fraud in the student and skilled migrations programs."

      "Obtained from the Department of Immigration under Freedom of Information, the documents show fraud rates for general skilled migration visas of around 50 per cent, and for Indian student visas around 40 per cent."

      www.abc.net.au/worldtoday/content/2013/s3807945.htm

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:46PM
  • Just highlights how inept Gillard and particularly Swan were. Surplus to $30bn deficit in months. Breathtaking.

    Commenter
    dexxter
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:46PM
  • As TA has said over and over, Australia should wait for the rest of the world to act and not try to head the pack. It actually makes more sense with debt. Just ask Ireland who agreed to pay back every cent they borrowed, whilst the rest of the PIIGS cut percentage deals. If there is going to be a solution to world debt, it is better to be part of it than not

    Commenter
    colin
    Location
    melbourne
    Date and time
    August 02, 2013, 2:44PM
  • I can hear the sound of shredders starting up .... treasuries projections such a waste of paper

    Commenter
    Jacks Money
    Location
    Date and time
    August 02, 2013, 2:43PM
  • It's a deposit INSURANCE tax. So that if the economy goes tits up and house prices crash and the banks need bailing out because we've disgustingly spent so much (about 1.5 trillion in private debt) making house prices more expensive, you'll still have your savings there in the bank.

    You people are clueless. I'd like free insurance too.

    Commenter
    George
    Location
    Date and time
    August 02, 2013, 2:43PM
    • George,

      Household debt was already $1 trillion dollars under the Howard/Costello government so no use trying to lay all the blame on the ALP.

      Labor came to power in 2007, the global financial crisis hit in 2008.

      Great timing, huh?

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:50PM
  • These Labor Fools make me sick!!!! I have been saying this for sometime now and they have proved me right. How can anyone vote for this incompetent lot???? It disgust me the amount of money this government has put on to the Australian Tax payer...how can what ever they have said be taken seriously? we will never have a surplus under the Labor government...they just give it away or waste it...look at the Asylum Seeker costs....This is Rudds fault and has cost us Billions and Billions of OUR DOLLARS......Labor give us back our country...enough is enough. I am so angry with this government!

    Commenter
    Libnet
    Location
    vic
    Date and time
    August 02, 2013, 2:42PM
    • Anger is bad for you - just relax. Calm down. Be relaxed and comfortable - Just like Johnny H said.

      Commenter
      JTHooker
      Location
      Date and time
      August 02, 2013, 2:59PM
  • When a Casino is to be built in Cairns for $4.2 BILLION by an individual that puts the budget shortfall in a a much better perspective!
    When the equity market could 'make' equal sum 'vanished' on a bad day, the amount is not so significant in comparison.
    Put that against $1.4 Trillion Super savings, it shows this figure is NOT the end of the world.

    Commenter
    Compare
    Location
    Date and time
    August 02, 2013, 2:41PM
  • A billion here,a billion there and soon we will be talking real money! Really,$30 b or roughly $1360 for every man, woman and child and that's just the deficit. not total expenditure. The federal government costs too much,I want a refund

    Commenter
    Michael M
    Location
    Date and time
    August 02, 2013, 2:41PM
  • 30 billion is small change compared to the MONSTER unfunded super liabilities. and so it begins.............
    time for us to follow the usa. fire the teachers and replace with christian chaplains. tick started on that one. fire the police ( except revenue collectors hwy patrol ) and replace with army. tick started on that.if only we had better surveillance - oh yeah we do its called the NSA.

    Commenter
    smilingjack
    Location
    Date and time
    August 02, 2013, 2:40PM
    • +1

      Commenter
      TommyP
      Location
      Date and time
      August 02, 2013, 2:40PM
  • the Labor party has adopted their PR strategy straight from 1984. Savings is doublespeak for more taxes!! There is nothing being "saved" there at all, especially when it's all being pissed up the wall anyway!

    Commenter
    panda
    Location
    perth
    Date and time
    August 02, 2013, 2:36PM
  • Lets hope the English born boat immigrant Abbott doesnt RUN AWAY from a debate with Rudd.

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 2:29PM
    • Why would he - would this result it will be no contest

      Commenter
      Baltic13
      Location
      Date and time
      August 02, 2013, 2:45PM
    • Abbot would smash him in a debate. Rudd's spin, hubris and lies works well with low info voters but Abbot successfully took him down before and will do so again.

      Commenter
      Dog's Breakfast
      Location
      Sydney
      Date and time
      August 02, 2013, 2:47PM
    • English boat immigrant Abbott has been trash talking our economy for 3 yeas,but when Rudd tells him to put up or shut up in a debate with him the Englishman runs and hides..what sort of leadership is that?

      Commenter
      Steeden
      Location
      Date and time
      August 02, 2013, 3:17PM
    • Yes Dog's Breakfast,

      Tony Abbott would smash Rudd in a debate.

      That's why Abbott failed once again to front up to an interview with Jon Faine on ABC 774 Melbourne radio this morning, despite repeated requests.

      And why Rudd turned up at the National Press Club alone to talk about his policies because Abbott failed to turn up.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:28PM
  • I've got a great idea .... increase taxes until the government revenue is back to the level it was in say 2006 as a % of GDP. Everybody happy? right?

    Commenter
    colin
    Location
    melbourne
    Date and time
    August 02, 2013, 2:28PM
    • @PB.. That's actually a hummingbird, not a budgie.

      Commenter
      Neal
      Location
      Cairns
      Date and time
      August 02, 2013, 2:28PM
  • Congrats to Bowen and Wong for a sensible strategy to recover a budget postion tragedy inherited from Swan. At last we are heading in the right direction thanks to Kevin Rudd our best PM since Hawke.

    Commenter
    ray68
    Location
    Date and time
    August 02, 2013, 2:28PM
    • EEeeer Wong was part of the Swan team. How can that be better.

      Commenter
      Neutral Voter
      Location
      Date and time
      August 02, 2013, 2:48PM
    • Yes, we're heading in the right direction: down!

      Commenter
      Torch
      Location
      Date and time
      August 02, 2013, 2:49PM
    • There is no doubt ? your bloody delusional. Who got us into this mess.? You , me.? It was the incompetence of this LABOR RABBLE. You inflict financial pain on the very people who employ people, what going to happen?.
      Sack the worker's stop employing, more social welfare. Cannot one see what is happening in Europe? You cannot keep spending money you don't have.
      The CEC [citizens electoral council ] have dIscovered that THE DUDD HAS installed this. Rudd’s chief of staff
      Just as the Bank for International Settlements’ secretive Financial Stability Board (FSB) is ordering governments around the world to impose the “Cyprus template” of confiscating customer deposits to prop up failing banks, it has moved one of its Australian members—senior Treasury official Jim Murphy—into the key position of PM Kevin Rudd’s chief of staff.As the CEC has exposed, the FSB stated in a 15 April report—which it probably expected would be only read by bankers and bureaucrats—that “legislation is in train” in Australia to authorise bank regulators to steal our deposits to keep Australia’s “big four” banks afloat.

      Commenter
      D.C.
      Location
      SYDNEY
      Date and time
      August 02, 2013, 2:50PM
    • Hey, #Ray86: Whatever you're smokin' ... would you mind sharing it with the rest of us. You seem to be in a good place whilst I'm still in shock at the incompetence being displayed. :)

      Commenter
      Bob
      Location
      Sydney
      Date and time
      August 02, 2013, 2:57PM
    • There is no strategy in it at all. Both of them are in denial.
      They want us believe that they can achieve surplus? I have not had laughed as much ever before...If I did not lough I would have cried....
      ALP is completely incompetent since 2007.
      Let LNP return and fix all the mess, which ALP always leaves them..and LNP will manage to put Australia in better position then ALP ever tried. Just look up Australian political and economical history, LNP ALWAYS remedies ALP dirty deeds/like horrendous debt/ when they are in government.

      Commenter
      Sedona
      Location
      Date and time
      August 02, 2013, 2:59PM
    • Ray,
      You must surely work in either Bowens or Penny's office, how else could you make such silly statements.
      Last time I looked Penny was the Finance Minister and Chris Bowen was a minister in this disaster called Labor.
      They and the rest of Labor caused this mess.

      Commenter
      al
      Location
      sydney
      Date and time
      August 02, 2013, 3:01PM
    • Ray 68 - you're a funny guy.....

      Commenter
      Moogey
      Location
      Camberra
      Date and time
      August 02, 2013, 3:09PM
    • Some people lack any form of sarcasm sensor....

      Commenter
      JTHooker
      Location
      Date and time
      August 02, 2013, 3:31PM
  • Bill, I assume you refer to Newton's third law of motion. Physics has a few more than three laws..........so does economic management. Howard and co stuffed the coffers by cutting services and bleeding the taxpayers dry. Money drives money and until our national debt as a percentage of GDP comes close to that of most other major developed nations I will be happy.

    Commenter
    Hellmouth
    Location
    Marrickville
    Date and time
    August 02, 2013, 2:26PM
    • Prime Minister Howard also left a $520 billion foreign debt plus a $473 billion current account deficit.

      Treasurer Howard gave Hawke/Keating double digit unemployment plus double digit inflation - stagflation, which had never happened before, in 1983.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:26PM
  • Kevin Rudd thinks that the Australians Tax payments are his to spend as he likes,he simply cannot stop spending.
    The scary thing is nobody in the Labor party has told him to STOP SPENDING.
    Hm...so proud of Australia's triple A rating, if this goes on it won't be too long before we lose it.

    Commenter
    seeana
    Location
    Date and time
    August 02, 2013, 2:24PM
    • Seeana,

      Stop spending! you shout.

      If I recall, it was the Liberal supporters screaming the loudest when Labor tried to stop spending and trimmed back the Liberal's uncapped, non-means tested middle class welfare.

      Has Joe Hockey's long overdue "The End of the Age of Entitlement" speech (a culture that the Coalition cultivated) sunk in yet?

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:37PM
    • Why would you personally be "so proud of the AAA rating" - you have nothing at all to do with it.

      Commenter
      jimhaz
      Location
      Occupy Wahtever
      Date and time
      August 02, 2013, 3:00PM
  • Has Penny Wong ever answered a question?????????

    Commenter
    Roary
    Location
    Date and time
    August 02, 2013, 2:21PM
    • No. Like all trained legal people it is all doublespeak.

      Commenter
      Neutral Voter
      Location
      Date and time
      August 02, 2013, 2:53PM
  • Why have most of the people here forgotten (conveniently) that the money was spent on stimulus packages. Those activities has been applauded by every economist that I have spoken to or heard comment. If the Libs were in during that time the exact same deficits would exist. Wake up you stupid people.

    Commenter
    xjr
    Location
    Date and time
    August 02, 2013, 2:21PM
    • +1

      Commenter
      TommyP
      Location
      Date and time
      August 02, 2013, 2:40PM
    • Wrong --111111111111111111111111111

      Commenter
      Baltic13
      Location
      Date and time
      August 02, 2013, 2:52PM
  • So in barely ten weeks the ALP has lost $33B, increased unemployment by 0.5% and reduced growth by 0.25%.
    If they're still in power in ten weeks time, what will the next update show?

    Commenter
    blairy
    Location
    Cranebrook
    Date and time
    August 02, 2013, 2:21PM
  • Just think about this, we have a $30 billion deficit this year and $25 billion next. Just imagine what is going to happen when the Lewis line is really kicking in in China. The exodus of money from Australia is not going to be pretty. The property market which is being artificially kept alive by hot Chinese money of going to dry up and real estate is going to be dumped like a hot potato as the Chinese pull up stumps and head home. Don't think that could happen? Go back in time to the 80's when Japanese were the country with all the hot money. What happened then? If this economy goes down the toilet the government will be grabbing that lovely pot of gold which is our Super.

    Commenter
    Richo
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:19PM
  • Labor, just go pack your bags and clean out your offices now.

    Commenter
    Alan
    Location
    Sydney
    Date and time
    August 02, 2013, 2:17PM
    • But he is right!

      Commenter
      tosin
      Location
      Date and time
      August 02, 2013, 2:16PM
  • Swan is going to retire on a golden handshake pension ... whh we still have to fund .... just more red ink, from the man a few dollars short of a budget

    Commenter
    Jacks Money
    Location
    nsw
    Date and time
    August 02, 2013, 2:15PM
  • It's amazing when you ask people who they voted for at the last election that many don't admit to voting for Labour. Weak and gutless really.

    The country is a basket case under this Labour Government and yes, we are like Greece under this Labour Government as they spend more than they can afford.

    FBT changes, Taxes on Savings, what's next? Why don't they just tax the air we breathe or for walking down the street?

    This country is a joke and does not reward individuals, families, small and large business for their innovation, business skills and hard work.

    Anyone that votes for this mob again is a Malacca! It's is that simple.

    Commenter
    CUSH
    Location
    Mill Park
    Date and time
    August 02, 2013, 2:14PM
    • They have taxed the air we breathe out. It is calale Carbon Dioxide.

      Commenter
      Gabbybear67
      Location
      Date and time
      August 02, 2013, 2:35PM
  • I just hope there is a graph comparing us with Greece, unbelievable statement. While Europe and the States try to get out of an almighty mess, this person compares us to Greece.
    You have shown your complete ignorance.
    Remember the GFC the after effects are still being felt worldwide.
    People such as this need to wake up to reality, we are in a slow down , if you listen to Abbott and Hocking will end up in a deep downturn

    Commenter
    freddy
    Location
    Date and time
    August 02, 2013, 2:13PM
    • Revenue is higher now than the GFC. Spending by the government is the problem.

      Commenter
      David
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:32PM
  • I dont have much confidence in Abbott when his own party call him an "Economic Illiterate"

    Commenter
    Abbott is GOOONE
    Location
    Date and time
    August 02, 2013, 2:13PM
    • And how much confidence do you have in Rudd when half his colleagues openly criticised him?

      Those that know Abbott endorse him. Those that know Rudd despise him.

      Commenter
      beasleyst
      Location
      Sydney
      Date and time
      August 02, 2013, 3:20PM
  • And for those who love to slag off at Premier Newman, have you thought much about how Labor expects its own Federal public sector to increase the "efficiency dividend"?? Finance Minister Wong proclaims that it will all be done through natural attrition. Tell her she's dreaming. Bureaucrats will reduce head count to save their own heads. Will that be Newman's fault?

    Commenter
    Facts are
    Location
    Brisbane
    Date and time
    August 02, 2013, 2:13PM
  • From a 'rolled gold' surplus to a $30 billion deficit. Is that what they mean by Labor values?

    Commenter
    Tim Smith
    Location
    The Gap
    Date and time
    August 02, 2013, 2:13PM
    • I challenge you to name a conservative government in any developed country that has a surplus at the moment. Oh that's right, you can't. Because there isn't one.

      Commenter
      Mike
      Location
      Date and time
      August 02, 2013, 2:45PM
    • So that's a 'temporary deficit' for how long? Nine years? Labor will never, ever deliver a surplus.

      Commenter
      Tim Smith
      Location
      The Gap
      Date and time
      August 02, 2013, 3:09PM
  • Wayne Swan kept telling us the banks were greedy for not passing on drops in interest rates in full as they were so profitable - now weed a TAX on deposits in case a bank fails (the government must know something we don't) - can we have a public apology from Swan for what was apparently a monumental adverse PR campaign that was unjustified? Or are we just being taken for a ride again by Labor? They just have no idea.

    Commenter
    the Truth
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:10PM
  • Read through what Bowen and Wong have said. Then read through the articles by Martin and Ireland.

    Then ask yourself.. why are Wong and Bowen smiling?

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 2:10PM
  • Labors answer to everything is to TAX and more TAX.
    If these idiots worked in the commercial world they would have been fired ages ago.

    Commenter
    ekubes
    Location
    Date and time
    August 02, 2013, 2:09PM
  • Note to whoever is in charge of the Labor Party. Get your thieving paws off my savings! My vote was wavering, but now you have lost it for good. Go raid your own superannuation fund and Gold Passes.

    Commenter
    befuddled
    Location
    Date and time
    August 02, 2013, 2:09PM
  • When is the elections?

    Commenter
    BudWijay
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:09PM
    • Sometime between Sptember 7 and late November. And it will be on a Saturday. If you are not in your electorate or state, you can apply for a postal vote which is easy to do.
      The sky isn't going to fall in. Rudd will call it when he feels like it, it's called politics.

      Commenter
      A country gal
      Location
      Date and time
      August 02, 2013, 3:23PM
  • Lets hear what Englishman boat immigrant and economic illiterate Tony Abbott has in store for us in his budget shall we!!

    Commenter
    Steeden
    Location
    Date and time
    August 02, 2013, 2:09PM
  • What do you expect"Labor can't manage money"Gough left a debt,Bob left a debt,Keating left a debt of $96billion and Rudd has $300billion and rising fast,so whats another $30billion to these incompetants.I will never forget those chilling words of Peter Costello the day before the 2007 election"It will be too late on Sunday" and trying to blame Howard,reeks of stupidity

    Commenter
    paulie bouy
    Location
    la la land
    Date and time
    August 02, 2013, 2:08PM
  • And people want to reward this govt for their incompetence and want us to vote them in for another three years - and it looks like they will have to pass legislation to lift the $300B debt ceiling as that will be out the window by December !! What a mess for the LNP to clean up if they are elected into govt.

    Commenter
    Baltic13
    Location
    Date and time
    August 02, 2013, 2:07PM
  • And as Pauline would say --please explain---Is that the long or short billion,firstly---please explain! It does make a significant difference.and needs certitude.Secondly ,what nonsense to talk about it as being one Parties responsibility when they are really such secret sweethearts.

    Commenter
    Kane
    Location
    Date and time
    August 02, 2013, 2:07PM
  • And as Pauline would say --please explain---Is that the long or short billion,firstly---please explain! It does make a significant difference.and needs certitude.Secondly ,what nonsense to talk about it as being one Parties responsibility when they are really such secret sweethearts.

    Commenter
    Kane
    Location
    Date and time
    August 02, 2013, 2:07PM
  • These overpaid clowns disgust me!
    Totally useless....
    They remind me of when Saddam Hussein was telling his people that they were not getting invaded while the enemy tanks were rolling in the back-ground.
    Similar to Labor... "everything is fine, I repeat we are NOT in trouble, everyone go back to work and keep paying your Taxes!!!

    Commenter
    Wrexxy
    Location
    Sydney
    Date and time
    August 02, 2013, 2:06PM
  • This bunch of incompetent, irrelevant, amateurs have just signed their own death warrant come this year's Federal election. What a bunch of losers.

    Commenter
    Klangdang
    Location
    Wells Crossing NSW
    Date and time
    August 02, 2013, 2:06PM
  • No wonder Rudd wanted a early debate on the economy, this man and his government are national disgraces.

    Commenter
    Martin Says
    Location
    Canberra
    Date and time
    August 02, 2013, 2:06PM
  • These fools can't manage a lemonade stand.

    Commenter
    Dano
    Location
    Date and time
    August 02, 2013, 2:06PM
  • Just like in QLD. LNP's Newman has to pay wasteful Bligh/Fraser Labor debts.

    Commenter
    Jojo
    Location
    Gladstone
    Date and time
    August 02, 2013, 2:05PM
  • Perhaps the government should increase tax from less than 22% of GDP to over 24% of GDP like your hero Costello, then we would be in surplus.

    Commenter
    Phil
    Location
    Melbourne
    Date and time
    August 02, 2013, 2:05PM
  • I have lived for almost 17 years in Australia after educating myself at my own cost in my country of origin, have worked constantly for the while time I've been in Australia, paid taxes hand over fist, not claimed a $ of welfare, maintained private health cover, survived two bouts of cancer with minimal leave taken despite major surgery and lengthy treatment, have contributed at all times to community and the economy, bundling two houses, buying Australian goods, etc. Despite being given the usual Aussie 'tall poppy treatment' and having to basically buy a cuss at great cost to bring my widowed (and highly skilled and educated) father into Australia, I have seen my living standards seriously eroded by successive incompetent governments under Gillard and Rudd. Rudd is sacked by his own party because he is incompetent but the Australian population still votes her in (despite the fact she knifed her own leader and the PM). Now Australia is lurching to oblivion and the Australians want to vote for Rudd 2.0. If Labor wins I'm selling or closing my business and moving overseas. I refuse to get poorer every year as I'm taxed more and my business suffered because of poor government and wasteful spending - business and consumer confidence is through the floor because of Labor and their Union controllers. That will be 10 more jobs lost for Australia.

    Commenter
    Disaffected citizen
    Date and time
    August 02, 2013, 2:05PM
    • Off you go - I won't be missing you.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:45PM
    • Australia has the fifth LOWEST tax burden in the OECD - only beaten by Mexico, Chilli, USA and Korea.Where do you plan to go?

      Commenter
      patriciabuon
      Location
      Date and time
      August 02, 2013, 2:48PM
    • Not taking welfare ? So you don't claim the private helth insurance rebate, never made a medicare claim, only use roads you have paid full price for, etc etc ?

      Sorry mate, you are a welfare recipient.

      Commenter
      M
      Location
      Date and time
      August 02, 2013, 3:47PM
  • Hacka.........Considering you don't contribute to the economy (paid LNP Hack maybe) how on Earth do you expect people to take you seriously. Constantly quoting false figures, misrepresenting facts is all you have. Your hyperbolic reference to Cyprus is another prime example of your daily incursions into fantasy. GET A JOB!!!

    Commenter
    Happy tax payer
    Location
    Land of plenty
    Date and time
    August 02, 2013, 2:04PM
    • A nonce of the nanny state exhorting someone to "get a job"

      The irony is crucifying

      Commenter
      Louis Cypher
      Location
      Date and time
      August 02, 2013, 2:45PM
  • Why would you believe any figures they put out? Or for that matter anything they say at all?

    Commenter
    Daz
    Location
    Date and time
    August 02, 2013, 2:04PM
    • widely rorted 457 visa's? Umm no, 99% of 457 visas were good. But why worry about it - the current Labor Govt, wants the head of the NBn from overseas (we'll they're looking there) - anything labor wants to say about the 457 visa is just pure hypocrisy to please the unions

      Commenter
      Tired Camel
      Location
      Date and time
      August 02, 2013, 2:03PM
  • Wow. Labor has run out of money and needs to raise taxes. I would never have seen this coming......

    Commenter
    Rex
    Location
    Sydney
    Date and time
    August 02, 2013, 2:02PM
  • Honestly, who votes for these idiots?

    If they were the senior management team of a listed company they would all be sacked by shareholders.

    Its siply not good enough.

    Commenter
    Nike
    Location
    Vic
    Date and time
    August 02, 2013, 2:02PM
  • I have no confidence at all in the people who are responsible for the nation's finances.

    Tax takes from someone (individuals, companies) and affects their resources/well being, which in turn impacts profits and leads to job losses.

    More fingers in the dykes.

    The previous Treasurer denied the bleedingly obvious until even "blind Freddy" convinced him to open his eyes.

    And they just don't get it that Sir Isaac Newton’s third law of physics (every action has an equal and opposite reaction) has application here to finance, budgeting and policy. You cannot tinker with something without affecting something else. Rudd and his cohorts are playing the role of Nero.

    Non compos mentis?

    Commenter
    Bill
    Location
    Sydney
    Date and time
    August 02, 2013, 1:59PM
  • So this coming year the ALP forecasting a $30 billion deficit. It wouldn't sound so bad if they hadn't forecast a surplus for the just gone year only to see a massive deficit. So how long has it been since we saw a surplus from a Labor government? I suggest that a very large percentage of those voting in the election will not have seen a surplus from Labor in their lifetime. They spent the boom and they keep on spending. Just remember we have to pay back all this money one day.

    Commenter
    That's fantastic..... isn't it?
    Location
    Perth
    Date and time
    August 02, 2013, 1:58PM
  • I'd be interested if some of you could explain how yet another in a long string of ALP economic announcements that reality and the outlook is even worse than the crap outlook we told you before.. is a basis for criticism of Tony Abbott.

    6 years - never got it right. Not one surplus. One disaster after another and most of their time spent squabbling over their leadership. The ALP deserves all the criticism it gets.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 1:58PM
    • Different economic times require different approaches. When times are slow you need deficits. In boom times you need surpluses. Right now we need a deficit

      Commenter
      Marg
      Location
      Brunswick
      Date and time
      August 02, 2013, 2:16PM
    • That's all fine Marg, but when was it going to get better than what it has been recently? Best terms of trade we've experienced, resource prices still higher than at any time under the Howard/Costello era, actual level of tax receipts higher than ever (just lower than projected the Swan, Bowen and Treasury). If they cant get budget that's close to balanced - not asking for huge surpluses here - when things are that good, how will they go when things get tough?

      And lets not forget all their new, unfunded spending iniatives (Gonski, NDIS, carbon tax) that are yet to come on line and start impacting on the budget. What will the Labor deficits look like then?

      Commenter
      Ina
      Location
      World of Pain
      Date and time
      August 02, 2013, 4:05PM
  • I don't know whether to laugh or shake my head with frustration and disgust.
    Do these idiots in Labor think that everyone is dumb enough to think that transition means something more positive and it will therefore operate to minimise the failures of their entire party?

    Commenter
    AM
    Location
    Sydney
    Date and time
    August 02, 2013, 1:57PM
  • Finally Rudds disasters are coming home to roost. btw I have not heard Wong or Bowen say its Mr Abbotts fault, so its got to be Rudds lol

    Commenter
    Martin Says
    Location
    Canberra
    Date and time
    August 02, 2013, 1:56PM
    • And what will Abbott do? Cut spending, throw people out of work and create a recession? Great

      Commenter
      Marg
      Location
      Brunswick
      Date and time
      August 02, 2013, 2:18PM
    • What all decent Government are meant to do, make our lives better, that's the job of Government, if a Government can't do that, then they should go, and that exactly what we should do with this Government. All they do is tax and spend, $190 Billion spent on nothing. $ 300 Billion ceiling. A bloody disgrace.I want a vote now, Labor always has and always will be incompetent.Economic vandals thru and thru.

      Commenter
      Martin Says
      Location
      Canberra
      Date and time
      August 02, 2013, 2:52PM
    • Good one Steve-o, just keep trotting out the rhetoric.... those nasty incompetant labour pollies. Wonderful piece of political commentary, succinct and to the point. Numbskull.

      Commenter
      Pugs22
      Location
      Date and time
      August 02, 2013, 1:56PM
  • If Labor is not removed after this coming election, then I'd have to question the intelligence of Australians who vote for these Labor clowns.

    Commenter
    Anna
    Location
    Sydney
    Date and time
    August 02, 2013, 1:56PM
    • Whereas I question the intelligence of most of the people on here that think Abbott is a decent alternative.

      Liberals.....can't.....count.

      They haven't been able to since Costello left. We have no choice again.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:04PM
    • Agreed Tone. Notice the hoodwinked right are still trying to use guilt to get us to switch to the incompetent coalition. No thanks.

      Commenter
      Neal
      Location
      Cairns
      Date and time
      August 02, 2013, 2:26PM
    • Question your own intelligence Anna. Some of us out here fully understand why we have a deficit. Obviously you dont.
      Australia $30b USA - $170trillion. Look at the rest of the world before you criticise our Government. But that might take some intelligence.

      Commenter
      xjr
      Location
      Date and time
      August 02, 2013, 2:27PM
  • From Martin's article:
    The threshold below which small inactive superannuation accounts are to be transferred to the Tax Office will climb from $2000 to $4000 and then to $6000. More accounts will pass to the government for safekeeping. But this will ''protect the real value of more lost superannuation accounts''.

    Some might say that this sounds like theft.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 1:54PM
    • clealy you haven't had a retail super fund"look after" your small super balance - they are very adept at applying significant fees to it till it disappears. The Govt will at least give you back the original balance.

      Commenter
      ew75
      Location
      Sydney
      Date and time
      August 02, 2013, 2:06PM
    • Good point tone. I haven't seen Mr Budgie-Smugglers for a while either. Surely he isn't still sulking because KRudd is back?

      Commenter
      PB
      Location
      Sydney
      Date and time
      August 02, 2013, 1:53PM
  • ha ha - cut the aid budget to fund the png settlement, great way to increase refugees and boat people, clowns

    Commenter
    Genghis
    Location
    Lounge
    Date and time
    August 02, 2013, 1:52PM
  • I've been watching the media conference given by Treasurer Bowen and Finance Minister Wong. Reminded me of a scene from Monty Pythons. "Move along people, nothing to see here. Everything's under control". I just cannot believe that forecasts are out by some 30 BILLION dollars.....in just TEN WEEKS. What is this?? Another GFC?? I think not. It is becoming apparent that Wayne Swan, Julia Gillard, and collectively, Federal Labor, have been lying to, and deliberately deceiving the Australian people for some time. Either that, or they are grossly incompetent and derelict in their responsibilities.

    Commenter
    Facts are
    Location
    Brisbane
    Date and time
    August 02, 2013, 1:52PM
  • This Labor nightmare just keeps on getting bigger.
    These people in government are the most useless bunch of wannabees I've ever seen.
    Why don't you all leave on the first plane back to PNG and let us hard working Australians try and rebuild the mess you have created!

    Commenter
    Wrexxy
    Location
    Sydney
    Date and time
    August 02, 2013, 1:51PM
    • Thought bubbles released on the fly with no or minimal consultation hardly classify as policy changes. Just another example of confusing movement for action

      Commenter
      What a bunch of clowns
      Location
      sydney
      Date and time
      August 02, 2013, 1:48PM
  • What a coward Rudd is.

    Where is he? Oh that's right, he's only available for groovy stuff.

    Commenter
    beasleyst
    Location
    Sydney
    Date and time
    August 02, 2013, 1:48PM
    • taking selfies no doubt

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:58PM
    • He's away for one day and you call him a coward. Abbott's been hiding for the past year.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:00PM
    • He's probably teaching at a cricket umpire Master Class

      Commenter
      itsingers
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:02PM
    • How do you think 'me too' Rudd got elected in the first place, in 2007 he was a 'fiscal conservative'.

      Now he is no where to be seen, leaving the delivery of this 'bad news' to the muppet brigade, as usual.

      Anyway, gotta zip, I'm cooking with gas yippee!

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 1:45PM
  • Hard decisions my arse! How about giving the negative gearing rort a look in? This issue is so hard to look at, the words negative gearing and housing affordability are not even mentioned by our political elite!

    Commenter
    panda
    Location
    perth
    Date and time
    August 02, 2013, 1:45PM
  • Bowen is not 'fair dinkum" If he was fair dinkum he would say Labor have overspent and stuffed up. Labor have supported the people smugglers by dismantling the previous government policies. Labor are responsible for the deficit and they have a spending issue - up 5.7pc.

    Commenter
    yys
    Location
    Labor have a spending issue
    Date and time
    August 02, 2013, 1:45PM
    • RPW,

      They are not being funded! Hence the "black hole"....

      Commenter
      notlad
      Location
      Sydney
      Date and time
      August 02, 2013, 1:44PM
    • Rudd made policy disasters and now we are paying for them.

      Commenter
      Pete1
      Location
      Sydney
      Date and time
      August 02, 2013, 1:43PM
  • Needed to buy a car.

    Borrowed some money.

    Bought a new Commodore (patriotic, me).

    But a mate told me DEBT IS BAD!!! (sorry, but he *was* shouting pretty loud).

    So I sold the car secondhand and paid off the loan, including the early severance penalty.

    Now I'm down a few thousand bucks, and have no car.

    BUT AT LEAST I"M OUT OF DEBT!

    (sorry for the shouting again, but I want to be sure my mate hears me).

    Ian - calm now.

    Commenter
    Ian
    Location
    Harcourt
    Date and time
    August 02, 2013, 1:43PM
    • A tax on peoples savings. What's next? A tax for breathing!!!!
      I have no issue in increasing taxes on cigarettes. If people want to smake cancer sticks, go ahead. Why should they clog up our hospitals. FBT on cars, it would only effect some people.

      Commenter
      Max
      Location
      Date and time
      August 02, 2013, 1:42PM
  • Agree:
    The Coalition delivered budget surpluses many times. It's easy - when you're the highest taxing Government in Australia's history and you don't spend on education, skills training
    or infrastructure.

    Commenter
    sb
    Location
    Mentone
    Date and time
    August 02, 2013, 1:41PM
    • Amen.

      Commenter
      Neal
      Location
      Cairns
      Date and time
      August 02, 2013, 2:12PM
    • What complete rubbish. This current government has introduced a heap of new taxes on top of what was in when they came to power. They have collected more in revenue than any government in national history, the problem is they spend faster than they collect and with nothing to show for it. Mind you like most ALP supporters your memory only goes back to 23rd of June so I can see why you forgot about the $300 Billion debt accumulated by your wonderful ALP.

      Commenter
      Get real
      Location
      Date and time
      August 02, 2013, 3:54PM
  • "Labor built the four pillars of the financial system and now we are building a roof in case of a rainy day." C.Bowen

    If your roof building is as competent as your insulation installation I would advise banks to stock up on fire extinguishers.

    Commenter
    Dj77
    Location
    Date and time
    August 02, 2013, 1:41PM
    • Everyone I know who had insulation installed under the scheme (around 6 families) are very happy with it and how it was done. I'd already done my place - should've waited! :)

      Commenter
      Richo
      Location
      Not in the roof
      Date and time
      August 02, 2013, 1:56PM
  • Wow, there seems to be no shortage of LNP faux outrage about this.

    Commenter
    meatatarian
    Location
    Date and time
    August 02, 2013, 1:40PM
    • No meat - just a weary resignation knowing more balls-up are certain to come from Labor.

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 1:51PM
    • Well we are waiting for the next 75 days to hear the deficit will be $40 billion this year. The estimates do'nt seem to last any more than that.

      Commenter
      Mal
      Location
      Cranbourne
      Date and time
      August 02, 2013, 2:27PM
  • Quick watch the TV.
    Bowen asked a question - blank look on his face but looks across at Wong.
    Wong looks through the folder and tells us what Abbott and Hockey would do, but does not answer the question.
    Now I know where J.Fraser gets it from, you still out there J.F.

    Commenter
    thepres
    Location
    Date and time
    August 02, 2013, 1:38PM
    • Saw it. A golden moment of O dear what do I say now!

      Commenter
      terry
      Location
      Date and time
      August 02, 2013, 1:57PM
    • poor chris, he is only a poor failed immigration minister, he is well out of his depth and really Kevs everyone else left refusing to work with Kardashian Kev

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 2:10PM
    • Is that how a deer looks just before the truck runs it down - wow - now I know!!

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 2:20PM
  • Agree Eddie:
    Just take back all John Howards "vote for me money" courtesy of the mining boom. According to economists including John Hewson the budget would be in surplus. This is where the revenue shortfall is and should be chopped!

    Commenter
    sb
    Location
    Mentone
    Date and time
    August 02, 2013, 1:38PM
    • Have you ever wondered just how much better the budget would look if Kevin Rudd had not changed the policies regarding asylum seekers? Have a think about it.

      Commenter
      Facts are
      Location
      Brisbane
      Date and time
      August 02, 2013, 1:55PM
  • "This Labor government is the most incompetent government in Australia's history and they have the gaul to want people to vote for them again, if they get another 3 years we will have to rename Australia" Greece mark2""

    Umm.... no, @Alan.

    If they have "gaul", we will be *France* mark2.

    Happy to help,

    Ian.

    Commenter
    Ian
    Location
    Harcourt
    Date and time
    August 02, 2013, 1:38PM
  • Judging from the comments on this story it certainly looks like the Coalition staffers are out in force.

    Commenter
    Pete the Pirate
    Location
    Ulladulla NSW
    Date and time
    August 02, 2013, 1:38PM
    • Hear from the Coalition? Abbott's been so absent I'm starting to forget what he looks like. Thankfully.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:38PM
  • Deposit Tax....what a good idea.

    Chris Bowen is yet to use a razor on his face and has little more economics experience than (not)selling lemonade in a cul-de-sac ....yet people love them...what is in the water ?

    Commenter
    Dr Parnassus
    Location
    The Imaginarium
    Date and time
    August 02, 2013, 1:37PM
  • In the past 40 odd years we have had five Labor Prime Ministers. Whitlam, Hawke and Keating left Australia in enormous debt and Rudd/Gillard/Rudd will too. History shows they can't manage the economy it's as simple as that. Labor's history is there for all to see, you just need to open your eyes.

    Commenter
    Tim
    Location
    Adelaide
    Date and time
    August 02, 2013, 1:36PM
    • Actually Hawke and Keating restructured the economy. As a result, Howard and Costello were able to ride a wave of prosperity for their entire time in government.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:51PM
    • em to forget something called the Asian Financial crisis which Peter and Johhny got us through. Fact is the current government is overspending.

      Commenter
      JazzyJeff
      Location
      Date and time
      August 02, 2013, 2:05PM
    • Tone, blah, blah, blah. Facts are facts mate. What so Rudd/Gillard/Rudd haven't been riding the mining wave over the past 6 years. They've received more tax revenue than in any period in history and still can't balance the books. History Tone, history............

      Commenter
      Tim
      Location
      Adelaide
      Date and time
      August 02, 2013, 2:09PM
    • Actually Tim, Rudd and Gillard did ride the end of the wave of the mining boom. The problem is that all the rich and middle class welfare that was put in place by Howard simply isn't affordable now that the boom is over. Unfortunately, much of it is still in place. It needs to be removed or these deficits are going to continue getting bigger and bigger.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:34PM
  • What a joke. When will Labor learn it is private sector taxes that pay for the bulk of its social programs. Run government policy to strengthen private sector investment and innovation and the budget will take care of itself. I almost think we'd be better of without the Mining Boom - at least that would have removed the excuses for Labor's profligate spending commitments that continued way too long after the 2008 GFC recovery. Now the Mining Investment boom is ebbing away and we tax payers will be left to pick up the locked in spending promises and about 20,000 new public service jobs created since Rudd was elected the first time.

    Reduce the size of government now. The waste through churn and over regulation is enormous. All so typical of a government run by ex Unionists with no idea how to run businesses, only how to exploit them until they are bled dry.

    Commenter
    Jason
    Location
    Date and time
    August 02, 2013, 1:36PM
    • Once again, the Business Council of Australia is agitating for another company tax cut funded by either another hike in the GST or the broadening of the base to include fresh food.

      Haven't we heard this before?

      Big business has already dudded us twice, first on uncapped 457 skilled visas which they abused with the complicity fo the Coaliton to drive down pay and conditions, secondly with Workchoices, and they have been outsourcing tens if not hundreds of thousands of skilled jobs, and offshoring overseas for years.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:18PM
  • Did Bowen utter the words "sledgehammer hit" ?

    Interestingly the last country to introduce a tax on savings was Cyprus.

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 1:36PM
    • Actually the Australian Government is pretty generous, guaranteeing saver's deposits up to $250,000. The standard European government guarantee is $100,000 Euros. But all the right wing economic rationalists out there should know that nothing is free- especially deposit insurance. Looks like the banks are getting some of that user payers philosophy......

      Commenter
      Shane From Melbourne
      Location
      Date and time
      August 02, 2013, 1:56PM
    • Very true Hacka. Also amazing that the budget black hole is now over $30 billion - last I heard it had jumped from $20 billion to $24 billion and I think that was only yesterday!

      Commenter
      Speckled Jim
      Location
      Date and time
      August 02, 2013, 2:29PM
    • What a facile and irrelevant observation. That was because banks were actually failing. The proposal here is basically insurance so that if a bank does fail, all of us dont have to put our hands into our pockets to bail out people with deposits in that particular bank. Are you saying you would prefer that socialist policy?

      Commenter
      Sigmamupi
      Location
      Canberra
      Date and time
      August 02, 2013, 2:46PM
  • I very am cynical about Labor's fiscal strategies.
    Did the bottom drop out of tax receipts or did Labor use poor judgement on what to spend the money on?

    Commenter
    yys
    Location
    Labor: wasted the low hanging fruit
    Date and time
    August 02, 2013, 1:35PM
    • The bottom fell out of the tax receipts. During boom times Howard took all the tax money and handed it out to the rich and middle class. Unfortunately, we aren't in boom times anymore and can't afford the handouts.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:47PM
    • Come on Tone, you can't be very bright if you have to keep flogging Howard, he was three Prime Ministers ago.

      How about you blame Abbott, now thats never been done before.

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 2:01PM
    • Unlike you SteveH, I look at the issues and produce a response based on fact. If you are looking for a cause, you have to look back to when it happened. It happened because of Howard. This is just a symptom of that.

      I notice your response has no substance, just like the vast majority of your responses.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:38PM
    • Retreaded excuses is a more accurate way of describing your posts, but you keep at it Tone.

      Labor needs every finger it can find in this dyke.

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 2:49PM
    • I'm more interested in what Abbott's going to do to solve the problem of the massive drop in tax receipts. Oh, I forgot, he's not going to tell us, for our own good.

      But don't worry, I already know some of it. He's going to hand all the money to the rich, because they'll know what to do with it, eh Steve? He told them that when he said he'd implement many of the 75 IPA policies they put forward.

      Sell the ABC and SBS, abolish ACMA, remove foreign content restrictions in media, set up special economic zones so the rich don't have to pay tax, end mandatory reporting of political donations, repeal the fair work act etc etc etc.

      Just because we have a short term problem doesn't mean that we allow a whole lot of unnecessary drastic measures to be sneaked in by the dodgy Liberals.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:12PM
    • Flirting with an internal contradiction there Tone, actually I know all about the future too, but I'm not going to tell you, its a secret.

      How do you manage to take yourself so seriously Tone?

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 4:03PM
    • It's quite easy SteveH, I look at all the BS spouted by you Liberal Lovers every day and realise that it's easy to contradict all the empty statements that you make.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:14PM
    • Errr, yes, well some might think that endlessly repeating "Howard's to blame'' year after year is probably evidence of a limited imagination or intellect than anything else.

      It certainly isn't evidence of taking responsibility thats for sure.

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 4:34PM
  • For all those "no vision and no idea about economic" let me point out some brief facts. BHP & RIO had debts not less then 6billion and 60billion ( more now) respectively> But l rated "bluechips" sahes bc they invest in sustainable growth.
    No point having money in the bank when you do not invest in infraustructues which in turn will create employment etc.etc. and more important sustainable growth. Howard/Costello era was a total waste and lost opportunities . they have no vision and could not look pass their eyes. just like the current opposition vision on education. One year commitment ( until today turn around)? You got be joking Abbott/Pyne. . So guys, look pass politics.

    Commenter
    stan
    Location
    Date and time
    August 02, 2013, 1:34PM
  • A $30b deficit is less than 2% of annual GDP. This is certainly NOT a crisis.

    Commenter
    Richie G. String
    Location
    Date and time
    August 02, 2013, 1:34PM
    • GDP is total of the governments budget - a $30B hole is a lot more than 2% of their budget

      Commenter
      Tired Camel
      Location
      Date and time
      August 02, 2013, 1:52PM
    • I'm sure the Europeans and Americans were thinking the same when their debts were 2% to GDP. It is not the size of the Debt but the direction that is the worry. Labor has taken any structural deficits created under Howard and put them on steroids. There is no scope for the direction of debt to reduce under Labor because business has no confidence in this government's economic competence.While ever this lasts people will feel insecure in their jobs and the economy will suffer.

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 1:53PM
    • Name the last Labor Treasurer to produce a surplus. The problem is not the 30billion this time on its own. It's the deficits that have been delivered every year by this mob since 2007. They continue to spend our future. Time to end theirs.

      Commenter
      Jack Black
      Location
      Date and time
      August 02, 2013, 1:55PM
  • Hopeless. Labor is an absolute joke. How could anyone be stupid enough to vote them in again?!?

    Commenter
    Steve-o
    Location
    Sydney
    Date and time
    August 02, 2013, 1:33PM
    • Good one Steve-o, just keep trotting out the rhetoric.... those nasty incompetant labour pollies. Wonderful piece of political commentary, succinct and to the point. Numbskull.

      Commenter
      Pugs22
      Location
      Date and time
      August 02, 2013, 1:56PM
    • But he is right!

      Commenter
      tosin
      Location
      Date and time
      August 02, 2013, 2:16PM
  • What a bumbling performance by Bowen at the press conference and he knows it - his flushed face says it all. He relies on Penny Wong to explain the details that he obviously has not got a handle on. Penny might be more competent but she has lost her Labor values. She is as shallow as the rest of them now.

    Commenter
    PC not
    Location
    Date and time
    August 02, 2013, 1:33PM
  • And wayne swann so very very recently was talking about a surplus in what, 3 years? Labor are inempt when it comes to running budgets, except when funded by union members to pay for prostitutes. Those that voted for kevin rudd and julia gillard, you have helped stuff the country for years.

    Commenter
    kfr
    Location
    Date and time
    August 02, 2013, 1:33PM
  • Chris Bowen, remember the Treasury works from the disastrous figures created by your Labour Govt. Do not use the Treasury's efforts to justify your disastrous figures and policies.

    Commenter
    Watcher
    Location
    Date and time
    August 02, 2013, 1:32PM
  • The government should be accountable as the same laws as the Corporations act, continually misleading the public on surplus and mini budgets upon mini budgets which really show their incapacity of economic management. If this were a company they would directly to jail.
    As usual Leave it the Liberals to clean up the mess.
    This also says alot about the independence of the ABS with continual 'mistakes' (planned or unplanned??) and the RBA sitting on their hands.

    Commenter
    Damian
    Location
    NSW
    Date and time
    August 02, 2013, 1:32PM
  • Cant wait for the Libs to be in charge.

    Not because they'll handle the economy better, simply to watch the hypocrisy of their supporters when the same global factors affecting us now will be affecting us then.

    But I'm sure 'it's different' will be their catchcry when the revenue downgrades are made.

    Commenter
    Freddie Frog
    Location
    Date and time
    August 02, 2013, 1:31PM
    • Yes Fred - before Kev got in, Australia wasn't part of the world. yawn

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:42PM
    • Ghengis seems to have somehow managed to avoid hearing about the GFC...

      Commenter
      cjs
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:01PM
    • Genghis,
      thanks for making my point.

      John Horward was able to deliver surpluses because of world conditions and a lack of spending on infrastructure.

      In fact his surpluses should have been much larger but they wasted billions on middle class welfare and vote buying when they should have set up a sovereign wealth fund to bank these windfall gains in revenue.

      Commenter
      Freddie Frog
      Location
      Date and time
      August 02, 2013, 2:37PM
  • With apologies to "President Andrew Sheppard":

    "We have serious problems to solve, and we need serious people to solve them. And whatever your particular problem is, I promise you <Tony Abbott> is not the least bit interested in solving it. He is interested in two things, and two things only: making you afraid of it, and telling you who's to blame for it. That, ladies and gentlemen, is how you win elections. You gather a group of middle age, middle class, middle income voters who remember with longing an easier time, and you talk to them about family, and <Australian> values and character, and you wave a <photo of asylum seekers> and you scream about patriotism. You tell them <their> to blame for their lot in life......"

    A true leader leads and Abbott is running scared!! Give us solutions Tony so people can vote knowing what they are voting for!!!

    Commenter
    Life Is Good
    Location
    The Real World
    Date and time
    August 02, 2013, 1:30PM
    • Life is good> Looks like you are in full force today... The ALP is just crippled. Anything they do has been disaster! They had the chance to show but.... too late - use-by date!

      Commenter
      Martin
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:58PM
    • Really, Abbot is running scared????? of what, a failed state bureaucrat and PM, someone who failed so badly his own party knifed him in the back. Or is he running from the spectre of the ALP, a party so corrupt and divorced from original thought that they replace their Brutus with aforementioned failure....no, Tony doesn't really need to run. The only thing he has to fear are idiots who cannot remember how bad Kid Krudd was/is. Can you imagine the histrionic behaviour of Kev if the Libs/Nats delivered a 30Bn black hole....he whined enough about being left a massive surplus.

      Commenter
      Rossco
      Location
      Robina
      Date and time
      August 02, 2013, 2:00PM
  • I hope there is a graph comparing us with Greece.

    Commenter
    Martin Says
    Location
    Canberra
    Date and time
    August 02, 2013, 1:28PM
    • Yes - Australia looks better against Greece, put it up against Canada, Germany, Singapore it wont.

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:45PM
  • Looks like LNP stooges are out in force today. Rudd made policy changes and he is now revising the budget to show how they will be funded. That is called being a responsible economic planner. Seeing Tony has been left gasping "Me too" on many occasions recently, it is only a matter of time before he backs these measures.

    Commenter
    RPW
    Location
    Sydney
    Date and time
    August 02, 2013, 1:28PM
    • Rudd made policy disasters and now we are paying for them.

      Commenter
      Pete1
      Location
      Sydney
      Date and time
      August 02, 2013, 1:43PM
    • RPW,

      They are not being funded! Hence the "black hole"....

      Commenter
      notlad
      Location
      Sydney
      Date and time
      August 02, 2013, 1:44PM
    • How do you think 'me too' Rudd got elected in the first place, in 2007 he was a 'fiscal conservative'.

      Now he is no where to be seen, leaving the delivery of this 'bad news' to the muppet brigade, as usual.

      Anyway, gotta zip, I'm cooking with gas yippee!

      Commenter
      SteveH.
      Location
      Date and time
      August 02, 2013, 1:45PM
    • Thought bubbles released on the fly with no or minimal consultation hardly classify as policy changes. Just another example of confusing movement for action

      Commenter
      What a bunch of clowns
      Location
      sydney
      Date and time
      August 02, 2013, 1:48PM
  • This is an election year and the ALP are telling us the deficit is now around $33b.

    My guess is it is far worse & won't be known until after the election.

    Commenter
    notlad
    Location
    Sydney
    Date and time
    August 02, 2013, 1:27PM
    • Why don't you learn something about how government works before you make inane comments like this. The figures are the best professional opinion of Treasury (for macro figures and tax revenue) and the Department of Finance (for expenditure). Governments, whether Labor or Liberal, do not idly change them. The PEFO figures released independently by those two agencies shortly after the election is called will be identical if not too much time has passed.

      Commenter
      Sigmamupi
      Location
      ACT
      Date and time
      August 02, 2013, 1:41PM
  • Just take back all John Howards "vote for me money" courtesy of the mining boom. According to economists including John Hewson the budget would be in surplus. This is where the revenue shortfall is and should be chopped!

    Commenter
    SteadiEddie
    Location
    Country
    Date and time
    August 02, 2013, 1:26PM
    • Steadi,

      You forget to mention that Peter Costello paid billions of dollars into Australia's Future Fund. Something this government has failed to pay one cent into.
      They have spent every cent left to them plus racked up a massive debt - all while telling us there was a "surplus" just around the corner.

      Commenter
      notlad
      Location
      Sydney
      Date and time
      August 02, 2013, 1:37PM
    • It's all the fault of the world economic crisis "sledgehammer blow".

      It's all the fault of decreased taxation revenues.

      It's all the fault of men

      It's all the fault of the detested Abbott

      It's all Howard's fault.

      Commenter
      Louis Cypher
      Location
      Date and time
      August 02, 2013, 1:38PM
    • There is some thruth to what you say. but largely Howard returned cash back to middle income PAYG taxpayers who were paying a dispproportionate amount of income tax compared with low, high and non tax payers. Forgotten about bracket creep have we? That refunded tax created an economic multiplier that kept the economy strong and generated more tax receipts in the longer term. Unlike this incompetent government who is very adept at destroying economic wealth through over regulation and now over taxing.. And how much has Labor tipped into the Future Fund for Public Servants ?

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 1:46PM
    • I see we have many comments that are deceptive, half truths or outright lies. Please check facts because if you don't, your credibility is worth nothing. One person replied to SteadiEddie regarding Future Fund. The future fund is now approximately $82 billion. An increase of $32billion during a most serious time of world economics. Well done Labor. John Howard recently praised Labor and stated he did not think it was possible to attain such good results when compared to rest of the world.

      Commenter
      equality
      Location
      Bundaberg
      Date and time
      August 02, 2013, 2:24PM
  • WOW, Billions of Australian forecast money$$$$$$$$$$$$$$$$ has disappeared over the last 10 weeks and with none of our money left for a rainy day, Labor have an even BIGGER deficit than forecast.

    Commenter
    yys
    Location
    Labor waste taxpayers$$$$$$$$$$$$$$$$$$
    Date and time
    August 02, 2013, 1:26PM
    • John Howard wasted all the money from the mining boom on rich and middle class welfare. The downturn in mining was inevitable, as was the downturn in revenue as a result of Howard's welfare for the rich and middle class. This would have happened no matter who was in power. The question is, who can fix it. The Liberals can't count, they have lost all their economic credentials and talent. So we have no one, essentially.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:34PM
    • Don't worry about TONE as his fellow ALP Stooges.
      I love how the ALP try to Blame John Howard for there mess. As far as I can remeber TONE we has a surplus under Howard - When was the last ALP surplus - I can't recall ??
      The ALP have wasted the mining boom on School Halls and insulation Rip Offs.
      Now we are in over our heads with only way out - To get rid of this incompetent lot

      Commenter
      Phillip
      Location
      Altona
      Date and time
      August 02, 2013, 1:44PM
    • Yep Phillip, and Howard introduced the biggest tax in Australian history, the GST, and then spent nothing on infrastructure and visions for the future. Howard introduced policies that essentially moved wealth from the middle class to the rich.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:56PM
    • Tone
      The GST replaced a whole lot of other State taxes and made it simpler to collect and distribute money for the Government.
      Sensible planning.
      Rudd & Co are frantically slapping taxes on here, there and everywhere because they have got a gigantic deficit. It has blown out over the last few weeks, and they are desperately trying to plug up their leaky fiscal boat.

      Commenter
      yys
      Location
      Date and time
      August 02, 2013, 3:13PM
    • yys, the GST moved the tax burden from the rich to the middle class. By reducing the income tax and putting in a GST it reduced the tax that the rich pay relative to their income. It also made the poor pay a considerable percentage of their income on tax for products and services that they buy, considerably more than what the rich pay relative to their income. That's why it is a regressive tax. The government tricked the middle class into thinking it would be better for them, but in fact they now have to pick up the tab for the tax that the rich no longer pay, because the poor can't afford anything anyway.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:34PM
    • @Tone
      Unfortunately an ill informed comment on GST. Please read what has been said about GST then look it up on the ATO website before commenting.

      Commenter
      Neutral Voter
      Location
      Date and time
      August 02, 2013, 4:21PM
  • The one factor in all of this is Penny Wong and Kevin Rudd, failed at Climate Change, and now with the Budget.How many more billion will it cost us to get rid of this government.

    Commenter
    Martin Says
    Location
    Canberra
    Date and time
    August 02, 2013, 1:26PM
  • Forecasts are just that -- forecasts. These are produced by Treasury. The Government has NOTHING to do with this process. It simply responds to whatever Treasury provides. Should the LNP win office, they will rely on the same Treasury producing forecasts. Again, these are Treasury forecasts, not "Labour figures." The write downs in revenue are a result of very uncertain global economic times. The LNP will have to reveal how they plan to make "savings" or "revenue hikes," including their 1.5% tax on big business to fund middle class women having babies.

    Commenter
    Bluedude
    Location
    Date and time
    August 02, 2013, 1:26PM
    • Bluedude,

      "The Government has NOTHING to do with this process."

      Yeah right Blue. Treasury cost what the Government promise and commit to. They also cost what the Government has spent and is likely to spend.

      It is the Government that are spending the money and giving it away without control - NOT Treasury!

      Commenter
      notlad
      Location
      Sydney
      Date and time
      August 02, 2013, 1:41PM
    • Sssshhh don't tell the LNP 'rusted on, believe whatever JH and JA tell me' punters. Shame on you for explaining the facts rather than muddying the waters with slogans and media grabs void of substance or policy.

      Commenter
      A clue
      Location
      Date and time
      August 02, 2013, 1:42PM
    • The forecasts are based on the policies in place and planned.

      The ALP owns these numbers. They can't hide behind them.

      Commenter
      Puzzled
      Location
      Date and time
      August 02, 2013, 1:43PM
    • Treasury presents a range of Forecasts to the Treasurer. It's up the the Treasurer to decide which ones to use for his Budget. No doubt Wayne Swan chose the most optimistic revenue assumptions and promtly built his spending commitments on those optimistic assumptions. I kinda feel for Chris Bowen - he's left to take the heat now the $%&^ has hit the fan. A disgrace really.

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 2:01PM
    • Notlad, you confusing the budget with the forecasts. The Government owns the budget and determines how the money is spent -- they own that wholeheartedly and voters will decide whether they prefer the Labor Party's plan or the LNP's plan for spending and revenue. The forecasting on the other hand is done by Treasury. It has become increasingly difficult to accurately forecast income and expenditure in the global financial climate, owing to factors outside of Australia's control -- notably the performance of the economies of Australia's major trading partners. So no, the Labor Government is absolutely NOT responsible for any write-downs of revenue forecasts any more than the the Howard Government were "responsible" for the reverse situation, whereby much larger (percentage-wise) "write-ups," which, incidentally, led to vote-buying handouts, analysis of which reveals that if it weren't for Howard's largesse, we wouldn't be in this mess in the first place. In fact, if Howard was a fiscal conservative (which he wasn't) and saved for a rainy day, our budget would currently be in surplus. Please don't confuse the roles of public servants and politicians.

      Commenter
      Bluedude
      Location
      Date and time
      August 02, 2013, 3:16PM
    • Of course it's difficult for Treasury to accurately forecast mining revenues when mining magnates including the richest person in Australia and generous Liberal donor, consistently failed to file mining company tax returns with ASIC over several years, and filed them several years late.

      And Tony Abbott wants to "cut red tape" with slacker regulation.

      Great idea (not).

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:37PM
  • So on total federal government income from taxes we are down 2% over 4 years. $320 billion per year income..........down $30 billion over 4 years equates to $7.5 billion per year on income of $320 billion .......thats 2% folks. The sky is not falling........move on.....nothing to see here. What's that about mountains out of molehills?

    Commenter
    Bazza
    Location
    Date and time
    August 02, 2013, 1:25PM
  • In 2016 / 17 it will be almost 30 years since Labor balanced a budget.

    That is not a transition, it's either flat out incompetence or pure recklessness.

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 1:25PM
    • ha - there is more chance of Penny Wong or Bill Shorten being honest about honesty than this government getting the deficit in order.

      Commenter
      Jack
      Location
      Preston
      Date and time
      August 02, 2013, 1:36PM
    • Talk about incompetence Hacka if Joe has submitted some 200 " policies" for costings, lets see them? or are they still be costed in WA?

      I dont like the smell of Austerity in the morning !

      Commenter
      Buffalo Bill
      Location
      Sydneys Northshore
      Date and time
      August 02, 2013, 1:42PM
    • I keep trying to be surprised by the continuing balls-up Labor keeps dumping itself in yet funnily enough I'm not. Must be fatalism setting in on a Friday. Is it to much to ask that our elected representatives occasionally perform above expectations?

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 1:43PM
    • Buff - I don't like the smell of ALP incompetence on a Friday afternoon either no matter what shade of lipstick you put on the pig.

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 1:58PM
    • Incompetence you say Smack hmm, of course global factors had nnooooooothing to do with economic downturn.... and as my previous post to you highlighted how the ALP handled the downturn.

      I think it is you Smack that is seeing unicorns and singing Lucy in the Sky with Diamonds ;-)

      Commenter
      Buffalo Bill
      Location
      Sydneys Northshore
      Date and time
      August 02, 2013, 2:23PM
    • Buff - it's pretty clear the mining boom benefits have far out weighted the GFC impact.

      Or haven't you heard of the mining boom Buff ? :-)

      Commenter
      Hacka
      Location
      Canberra
      Date and time
      August 02, 2013, 2:33PM
    • Buff - Global factors have nothing to do with our continual spend. Let me have some of what you're having - seems like it makes one forget everything that the ALP has stuffed up since 2007. In fact - hand the lot over!!

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 2:48PM
    • Huh Smack

      Think you already have you hand in my candy jar, ?

      So the stimulus one and two had nothing to do with the GFC? Wow, and we shouldnt look after people with diabilities or improve our schools?

      Next time your in my Candy jar leave the red ones alone pleeeeeease !

      Commenter
      Buffalo Bill
      Location
      Sydneys Northshore
      Date and time
      August 02, 2013, 3:09PM
    • Buff - As discussed in another article to-day - you were there - Stimulus 1 went OK although from My industry take of it - the most deserving didn't get the $900 cheque. Stim 2 onwards was needless - the cash splash continues ever onwards, carbon tax discontinued yet the compo splashdown continues. PS Buff - guilt trips are beneath you just as constantly promising by MPC & not delivering.

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 3:56PM
  • Asylum seeker policy dismantling -- Never in the history of mankind have so many (Australians) owed so much (taxes) to so few (just one Kevin Rudd).

    Commenter
    Jojo
    Location
    Gladstone
    Date and time
    August 02, 2013, 1:25PM
  • That's it. This mini budget is the final nail in the coffin. There is no longer any doubts that this Labour Govt has to go. Rudd has again proved he is rotten when it comes to governing.

    Commenter
    Watcher
    Location
    Date and time
    August 02, 2013, 1:24PM
  • The Coalition delivered budget surpluses many times. It's easy - when you're the highest taxing Government in Australia's history and you don't spend on education, skills training
    or infrastructure.

    Commenter
    Jimmy Rabbit
    Location
    Date and time
    August 02, 2013, 1:23PM
    • That's right, Tony will stop spending "our" money and we'll all be better off. The ignorant will no doubt fall for that argument.

      Commenter
      Robusto
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:43PM
    • Jimmy Rabbit- so true. I have asked here before can anyone remind me of the important infrastructure built in the Howard years? Any infrastructure?

      Commenter
      NicP
      Date and time
      August 02, 2013, 1:46PM
    • So on one hand the ALP drones complain that Howard have everyone tax cuts (while completely ignoring that psycho Kevin more then matched the tax cuts while in government) and then in the next breath talk about highest taxing government. Hate to break your ALP drone spamfest but when they talk about highest taxing the people with a brain actually mean highest tax income and not a high nominal rate of taxation. Which means when the economy is functional and not tanking under masses of red tape and government uncompetitive legislation and lots of people work (unlike the more climbing unemployment rate and reduced working hours) then YES, the government will take in more money. The problem with the ALP is that they still think that more blood can be repeatedly squeezed out of a stone without a consequence. And they still keep on promising things. Usually to fix their own failures. The Coalition ad should be "How much are ALP failures costing you?"

      Commenter
      Morpheus
      Location
      Kevin's ego
      Date and time
      August 02, 2013, 2:10PM
  • Bowen says we aren't in crisis.

    So when do we start to worry Chris?

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 1:23PM
    • When Tony Abbott becomes Prime Minister.

      Commenter
      Jimmy Rabbit
      Location
      Date and time
      August 02, 2013, 1:36PM
  • Is anyone really surprised? Really? And this is the tarted-up, positive spin version of the budget figures - I'm not looking forward to learing of the true state of the books.

    Commenter
    What a bunch of clowns
    Location
    sydney
    Date and time
    August 02, 2013, 1:22PM
  • Where oh where is the world's greatest treasurer? Anybody seen Mr Swan, Wayne 'we will bring the budget to surplus this year' Swan. Hello........

    Commenter
    Jojo
    Location
    Gladstone
    Date and time
    August 02, 2013, 1:22PM
  • Anyone done a count on how many times the phrase "Responsible Savings" was used?

    Commenter
    yys
    Location
    Labor wasted the low hanging fruit
    Date and time
    August 02, 2013, 1:22PM
  • The Coalition thought they were so clever when they successfully overturned the original mining tax, which would have raked in billions of dollars.

    It is one of the reasons why both parties are now forced to scramble for alternative sources of revenue.

    Commenter
    Tristan
    Location
    Melbourne
    Date and time
    August 02, 2013, 1:21PM
    • ummm the mining tax was introduced by a majority labor coalition in the lower house and rammed through the upper house by labor and the greens - don't go blaming the Liberals for its failure

      Commenter
      Tired Camel
      Location
      Date and time
      August 02, 2013, 2:08PM
    • If the Liberals had given bipartisan support for the original mining tax, both parties would not now be forced to seek alternative sources of revenue.

      We pay inflated rents on Commonwealth buildings to this day because that idiot Peter Costello sought a quick cash grab and sold most of the buildings off 17 years ago and leased them back at inflated prices.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:01PM
  • If people every needed a reason to trade with gold and silver, here it is. Don't give any more taxes to this inept ALP government.

    Commenter
    Pawel
    Location
    Date and time
    August 02, 2013, 1:21PM
  • This mini-budget is to take care of the asylum seekers. We do-gooders and bleeding hearts should be glad to cop all these taxes. More taxes please Mr Rudd. We want to be taxed more, much more, hurray.

    Commenter
    Jojo
    Location
    Gladstone
    Date and time
    August 02, 2013, 1:20PM
  • What "transition" is the budget in ? Labor have clearly lost complete control. If next year's headline number is a $30 billion deficit, then Bowen is following the Swan path.

    Is Bowen prepared to give us the actual figure for the 2012/13 deficit ? That will also be close to $30 billion - but only 8 months ago Gillard assured us we had returned to surplus. How can they be believed ?

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 1:19PM
  • Wong says we've taken 'Responsible savings"
    Labor should have undertaken 'Responsible spending" instead.

    Commenter
    yys
    Location
    Gotta short memory?
    Date and time
    August 02, 2013, 1:18PM
  • Here we go with the lies again.
    "Savings of $17 billion"?? Since when is a tax increase a "saving"

    Commenter
    SG
    Location
    Date and time
    August 02, 2013, 1:16PM
  • Let's now hear from the Coalition & please Mr Rudd, give us an election asap so we can choose who we want to govern our Country.

    Commenter
    Brian of Upper Kyneton South
    Location
    Date and time
    August 02, 2013, 1:16PM
    • Hear from the Coalition? Abbott's been so absent I'm starting to forget what he looks like. Thankfully.

      Commenter
      Tone
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:38PM
    • Good point tone. I haven't seen Mr Budgie-Smugglers for a while either. Surely he isn't still sulking because KRudd is back?

      Commenter
      PB
      Location
      Sydney
      Date and time
      August 02, 2013, 1:53PM
    • @PB.. That's actually a hummingbird, not a budgie.

      Commenter
      Neal
      Location
      Cairns
      Date and time
      August 02, 2013, 2:28PM
  • Is this the transition - not crisis we have to have?

    Commenter
    ME
    Location
    SYDNEY
    Date and time
    August 02, 2013, 1:16PM
  • What a joke Bowen,
    You are a better salesman than Swan but the news is the same old Labor Bad News.
    You have increased the cigarette tax to save your skins and plug the holes in the leaky Labor ship.
    'In my month as Treasurer" - here is Bowen introducing a massive change in Banking Taxes after 4 weeks in the job!!!!

    Commenter
    yys
    Location
    Labor:Tax and Spend, Tax and Spend
    Date and time
    August 02, 2013, 1:14PM
  • chris -keep blaming the IMF for your new tax, what a scam, your are funding your revenue hole, sorry Kevs revenue hole

    Commenter
    Genghis
    Location
    Lounge
    Date and time
    August 02, 2013, 1:14PM
  • How bad is this Government ? They can't seem to get a forecast right ! How many times have they had to revise each and every forecast they've made this year and we're supposed to believe them over 4 years ? Come on !!

    Commenter
    Doc
    Location
    Date and time
    August 02, 2013, 1:12PM
    • The gov't doesn't forecast, treasury does. The gov't can tell them to be optimistic or pessimistic, and things are allowed to change in the WORLD which may affect the Aus ecomony.
      Frankly I don't care what the forecast is in 4 years, these forecast changes are within 2% of total govt expenditure or revenue.

      Commenter
      bZark
      Location
      down the mine
      Date and time
      August 02, 2013, 1:32PM
    • Governments don't make forecasts the independant office of treasury do. Sems you jumped on the LNP bandwagon of blame and factual invisibility.

      Commenter
      A clue
      Location
      Date and time
      August 02, 2013, 1:37PM
    • ha - you think I'm the one swallowing spin. This is not the only government in living memory to have to revise an 'independent 'forecasts but it has achieved a record for the sheer number and size and speed of its revisions. Its incompetence shpuldn't have apologists.

      Commenter
      Doc
      Location
      Date and time
      August 02, 2013, 1:47PM
  • It is a fee for service. Do you get your insurance for free? Do you think the banks should? Or would you prefer NO guaranteed deposits in case the masters of the universe get it wrong again?

    Commenter
    seen it coming
    Location
    brissy for now
    Date and time
    August 02, 2013, 1:12PM
    • The banks operate in a competitive market and are owned by shareholders. If they fail, it's not up to the taxpayer to be burdened with increased debt by bailing them out.

      Commenter
      Steve-O
      Location
      Sloane Square, London
      Date and time
      August 02, 2013, 1:24PM
    • As a tax payer, we've been paying the premium for this insurance for many many years already. This is double dipping.

      Commenter
      Harp
      Location
      Date and time
      August 02, 2013, 1:25PM
    • Steve-O, if they fail a whole lot of taxpayers will be a whole lot worse off.

      Commenter
      jofek
      Location
      Date and time
      August 02, 2013, 1:33PM
  • more taxes, more crap from Labor and the KRUDD team
    Obviously KRUDD did not want to be seen giving Australia the bad news.

    Commenter
    sam
    Location
    melb
    Date and time
    August 02, 2013, 1:10PM
  • Hillarious!!! Haven't we been there before...Swan announcing deficits and then a small surplus. Bowen is doing exactly the same - if people don't see that the ALP are just lying to get reelected then we are doomed.

    Commenter
    Pawel
    Location
    Date and time
    August 02, 2013, 1:09PM
  • Stephanie

    Increased taxes, new taxes and levies are NOT savings.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 1:09PM
  • A levy on bank deposits!? Quelle horreur. So we give our money to the bank and the Government takes with the other hand? Nice. A certain Treasurer once uttered the now famous lines, "you're money is safer under the bed." Can you guess who that was?

    Commenter
    His Eminence, Cmdr Biggles
    Location
    Under the bed...
    Date and time
    August 02, 2013, 1:09PM
  • but China said it isn't slowing Chris, so who is right??

    Commenter
    Stacey
    Location
    Mordy
    Date and time
    August 02, 2013, 1:08PM
  • If Bowen says "Because it's the right thing"
    I will scream

    Commenter
    yys
    Location
    Date and time
    August 02, 2013, 1:06PM
    • I agree. And I will scream if the politicians say "Australians have to tighten their belts" while they let their belts out!

      Commenter
      Sharron
      Location
      Canberra
      Date and time
      August 02, 2013, 1:39PM
  • How the hell do these clowns come up with a revenue shortfall of $33 BILLION?
    I am sick of these idiots treating our taxes like monopoly money.
    They have no skills and are totally irresponsible. They deserve to be turfed out at the next election.

    Commenter
    kp
    Location
    brisbane
    Date and time
    August 02, 2013, 1:06PM
    • KP,

      Oh do please remind us about Hockey's $11 billion blackhole during the 2010 election and how he refused to release his costings AFTER that election.

      Do remind us of the $46 billion of savings that Hockey failed to outline at the National Press Club in 2010.

      Do tell us about the $75 billion worth of spending cuts and tax hikes the Coalition has in 2013.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:32PM
  • What ever excuse rudd comes up with will not excuse labor. Labor the guilty party. how can anyone trust a word they say? The deficit has blown out by 50% in 3 months. Why do thescompetents deserve another chance/ They dont and i think Australia will wake up before election day.

    In the Queensland election the polls had it neck and neck and an was not going to win his seat. Come election day and Newman crushes Kate Jones and the LNP have the biggest electoral win in history.

    Commenter
    Denny
    Location
    Date and time
    August 02, 2013, 1:05PM
  • I think you've forgotten about the G20 meeting, being held Sep 5-6 in St Petersberg. Rudd can hardly not attend, given that we are hosting in 2014. But what would be better politically - swanning around in presence of all those world leaders, or staying home to campaign? Only one answer to that one...

    Best outcome might be to invite Abbott too - very statesmanlike, and stops the Oppn leader campaigning in his absence. Plus paints Abbott into a terrible corner as to whether to accept.

    Commenter
    SlimJim
    Location
    Coffs Harbour
    Date and time
    August 02, 2013, 1:05PM
    • LOL at Abbott "compaigning". He hasn't announced a single policy!!!!! There's only so much "ALP bad Libs Good" the electorate will stomach! :-)

      Commenter
      Life Is Good
      Location
      The Real World
      Date and time
      August 02, 2013, 1:16PM
    • Life Is Good> So just how many policies has the ALP released and got right. LOL is on the ALP!!! ...probably the logic of a 2-yo.

      Commenter
      Martin
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:55PM
    • Martin of Melbourne,

      Care to talk about Abbott's parental leave policy which has been rubbished by his own party?

      Abbott said "No new taxes" in 2010, then 1 month later he introduced a 1.7% parental leave levy.

      Abbott costed it at $2.7 billion in 2010, now he costs it at $3.8 billion, but the independent Parliamentary Budget Office (PBO) has costed it at $5 billion per year.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:29PM
    • Tristan> Sure. Has it been implemented? No. And yes you are right probably it will be blocked by his own colleagues. If there is a policy that does not make sense. It will be up to the team to block it before proceeding... that's LIB. Now coming back to ALP policies after policies implemented in disaster tray.... needless to mention about the great mining tax... the deficits just get bigger and bigger huh...

      Commenter
      Martin
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:15PM
    • Haven't finished yet Martin.

      Tony Abbott's direct action on climate change policy has also been rubbished by his own party, and they are also agitating for him to drop it.

      It has been costed at $62 per tonne, $720 p.a for the average household and based on Greg Hunt's figures requires 2/3 of the land mass of Australia for soil abatement.

      So why has Abbott put 2 crap policies in his "Our Plan" pamphlet if you agree they should be dropped?

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 3:50PM
  • Voyage of the Labor Concordia continues, new staff on the bridge,
    but with the same old excuses.

    "Its not our fault"

    Commenter
    SteveH.
    Location
    Date and time
    August 02, 2013, 1:04PM
    • There's no new staff on the bridge at all. It's just a return of the incompetent Dudd who was previously lampooned by the same labor cronies now trying to hold onto their seats and perks at the expense of the nation.

      Commenter
      What a bunch of clowns
      Location
      sydney
      Date and time
      August 02, 2013, 1:26PM
    • I'd be checking the ship's repair bill MPC gave the ALP specifying what repairs were effected - seems he forgot the rudder!!

      Commenter
      Smack
      Location
      City of the Fallen
      Date and time
      August 02, 2013, 1:55PM
  • Bowen should bite the bullet and take back all the monies given to families by John Howard. Howard gave all this mining money knowing it was never sustainable. Many economists including John Hewson have noted if this was even partially done, the Budget would be in surplus.End of problem.

    Commenter
    SteadiEddie
    Location
    Country
    Date and time
    August 02, 2013, 1:03PM
    • Absolutely ! There should always be a review of the hand-outs when the money subsidizing them falls

      Commenter
      Doc
      Location
      Date and time
      August 02, 2013, 1:13PM
  • Always been a Labor voter, but I am now not so sure I can afford to vote for them any more.

    Commenter
    Caligula
    Location
    Date and time
    August 02, 2013, 1:00PM
  • All the new taxes/levy are just about Rudd paying for his out of control Asylum Seeker policies and spending....this government is out of control with the federal debt, no wonder why everything is going west...another 3yrs of this incompetence and there will be no tomorrow to look forward to.

    Commenter
    Lbinet
    Location
    lib_64@hotmail.com
    Date and time
    August 02, 2013, 12:58PM
    • And John Howard blew how many billions on Iraq and Afghanistan for what?

      Commenter
      SteadiEddie
      Location
      Country
      Date and time
      August 02, 2013, 1:06PM
    • A rabble Labor is still better than retrofit of Libs; or copper wire tryers as I prefer to call them.

      Commenter
      meatatarian
      Location
      Date and time
      August 02, 2013, 1:19PM
    • And the Coalition's uncapped, semi-skilled 457 visa scheme which has been widely rorted for the past 17 years?

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:19PM
    • Steady you really are very stupid, Howard and Costello left $20,000,000 in the bank.
      Wake up to yourself you are a fool.

      Commenter
      Alan
      Location
      Sydney
      Date and time
      August 02, 2013, 1:33PM
  • September 21 election - that is Mr Rudd's birthday. Could you vote a man out on his birthday?

    yes, couldn't think of anything nicer. I might then tweet him a cricket tweet - You're OUT! with a big thanks
    thanks for increasing my mums cancer drugs 5 years ago and thanks for sending our country into debt that you have no idea how to turn around.

    Commenter
    Genghis
    Location
    Lounge
    Date and time
    August 02, 2013, 12:57PM
  • This Labor government is the most incompetent government in Australia's history and they have the gaul to want people to vote for them again, if they get another 3 years we will have to rename Australia" Greece mark2"
    This nightmare must end at the election
    Never have I ever seen such waste and mismanagement of taxpayers money since 07.

    Commenter
    Alan
    Location
    Sydney
    Date and time
    August 02, 2013, 12:56PM
    • Yes time for you to migrate to Spain Alan.

      Commenter
      F&F Man
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:58PM
    • Or the UK economy.

      Australia is a very popular destination for jobs on the British Expat Forum website.

      Employment agencies like Hays are going to Britain to sponsor guest workers in bulk.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:23PM
  • Labor, LNP and the Greens are all useless!

    Commenter
    Sharron
    Location
    Date and time
    August 02, 2013, 12:55PM
  • So $30B shortfall. Growth down. Employment down. New taxes. Record number arriving by boat and we foot the bill for them and PNG.

    And the numbers don't include the NBN.

    What a joke.

    Commenter
    Puzzled
    Location
    Date and time
    August 02, 2013, 12:55PM
    • Employment down.

      Well you think about Liberal state governments in Vic, NSW and Qld slashing tens of thousands of public service jobs, ignoring skilled Australians and spending billions of dollar on employment agencies who source replacement staff from overseas, and don't even advertise vacancies locally.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:14PM
    • Don't worry, if the Liberal Party gets in and implements their NBN it will go onto the deficit. That is because it will be obsolete just after it is built and won't have enough time to generate enough revenue to pay itself off. The reason the Labor Party NBN is off-budget is because NBN Co. has to repay the government for the funding over a couple of decades. That would be a good reason to use a technology that is expected to last for at least a couple of decades.

      Commenter
      andye
      Location
      sydney
      Date and time
      August 02, 2013, 1:31PM
  • In May the government brought down a budget that, they said, provided the financial and economic blueprint for the nation for the next year and the forward estimates period.

    Now, only three months later, they expect us to believe that the situation has changed so much that a mini budget with new taxes and charges is required.

    Why did they get is so wrong in May???

    Who would believe these new predictions if the last ones were so far off the mark???

    If they were in business, their creditors would close them down quick smart!!

    Commenter
    Steve
    Location
    Melb.
    Date and time
    August 02, 2013, 12:55PM
    • They forgot since the GFC, the prudent move was to halve all forecasts.

      They were optimistic and are paying the price.

      Commenter
      Opinion Only
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:03PM
    • Agree, if some one ran a public company like this they would be sacked by the board - no questions asked. Instead we are given a whole load of crap as to why it is 'not our fault'.

      Commenter
      Charlie
      Location
      Date and time
      August 02, 2013, 1:32PM
    • While this latest stuff comes from the government, the may figures are produced by treasury and treasury will produce new figures when the election is announced. Treasury will produce the figures if the Liberal Party are in power as well. Your comments, either through deception or ignorance, imply that the government is responsible for estimates changing.

      Commenter
      andye
      Location
      sydney
      Date and time
      August 02, 2013, 1:41PM
    • Incompetence and dishonesty. And they proclaim themselves as responsible fiscal managers. The joke is on us.

      Commenter
      PC not
      Location
      Date and time
      August 02, 2013, 1:43PM
  • Surely the banks can deduct 0.02% off their account keeping fee, they are charging an arm & a leg already, so they can afford to lose from their own form of tax - Account Keeping Fee.

    Commenter
    geraldine
    Location
    Moffat Beach
    Date and time
    August 02, 2013, 12:54PM
    • Why would the banks not pass the cost on? It's actually been forecast that this cost will be higher for smaller banks than the big 4 because they rely more on deposits (the big 4 have financial management arms/insurance businesses etc) so if anything this Labor tax will give the big 4 a chance to INCREASE their fees over and above the level of the tax without losing any competitiveness with the smaller banks.

      Commenter
      Cameron
      Location
      Date and time
      August 02, 2013, 1:10PM
    • As if the banks are going to do that - watch the oligopoly close ranks and with a wink and a nod all pass it on one at a time (all together might raise the ire of the ACCC)

      Commenter
      Doc
      Location
      Date and time
      August 02, 2013, 1:15PM
    • The fee is a an additional cost to providing you with a banking service - it should be passed on. I don't like that, but hey business employee Australians, hate to think this levy would result in people losing their jiobs.

      Commenter
      Tired Camel
      Location
      Date and time
      August 02, 2013, 2:00PM
  • They have over spent, under performed and before there is more bad news of ineptitude they will try to set up the election their way, That us politics. If anyone falls for their schemes again they will have no one to blame but themselves. Labor cannot manage money. They never have been able to. I do not care if it is only one cent they have no right to levy people's bank accounts and squander public money on self glorification..

    Commenter
    blair
    Location
    Bulleen 3105
    Date and time
    August 02, 2013, 12:50PM
  • Do Abbott and Pyne think that because we are all waiting with 'baited breath' to hear bad news about the economy we wouldn't notice or remark upon their own amazing back flip on the Education Reform Policy?

    So now, the 'copy cats' have done it again and proved that Labor's policy - this time on education, not asylum seekers, is much better than theirs.

    And they seem to think that we are stupid enough to believe that they would be better at implementing an idea that they couldn't even conceive!

    Commenter
    EM
    Location
    Date and time
    August 02, 2013, 12:48PM
    • hilarious, what about the kids - you should be happy that all levels of government care enough for the children of Australia. Perhaps you need to think about the kids and not about your political favourites

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:05PM
    • Never mind Rudds backflip on Refugees, it's the same situation in reverse. The difference being our students didn't die as a result of a decision.

      Commenter
      Sid
      Location
      Sydney
      Date and time
      August 02, 2013, 1:34PM
  • Revising growth down and unemployment up is a step in the right direction. It obviously means reduced revenue and bigger deficits too.

    What we don't want to see though is the need for any more weekly revenue downgrades due to ridiculous assumptions, like the $29 p/t carbon tax receipts that existed under Swan.

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 12:45PM
  • A $33billion shortfall! This less than 3 months after the Budget!The sooner the Election and we get rid of this lot of incompetents the better! And no I'm not a Liberal Voter I'm an OAP who voted a straight ALP ticket all his life. But this is no longer the ALP, its a crew of middle class apparatchiks and Union Officials who aren't Unionists and never worked on the Shop Floor and who are only interested in the trappings of Office.

    Commenter
    Dundee
    Location
    Sydney
    Date and time
    August 02, 2013, 12:44PM
    • cmon its only another 33 billion.
      Wong, Rudd, Bowen, Shorten - throw another billion on the fire. Bring on this election , these crims have to go!

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:00PM
    • If you really think that any government has the magical power to control the global economy in order to guarantee revenue streams then I have bridge you might be interested in purchasing.

      Commenter
      Andy
      Location
      Sydney
      Date and time
      August 02, 2013, 1:08PM
    • but Andy, the world economy has improved in the last 18 months, The US has had a massive improvement in jobs and manufacturing and Europe is far more stable, it is Australia that is not improving, we are going down down down.

      Commenter
      Genghis
      Location
      Lounge
      Date and time
      August 02, 2013, 1:12PM
    • Andy,

      Go to your boss now and tell him/her that you just blew your budget (within 3 months) by almost 100%.

      See how they react!

      Commenter
      dRod
      Location
      Sydney
      Date and time
      August 02, 2013, 1:15PM
    • Drod,
      go to your boss now and tell him that $33B over four years on a ~$300B per year budget is 100% wrong.

      Maths not your strong suit obviously.

      Commenter
      Freddie Frog
      Location
      Date and time
      August 02, 2013, 1:35PM
    • @Genghis - Call me when the USA or Europe comes close to where we are sitting. They would love to be in our position.

      @dRod - These are forward estimates, not over the last 3 months. If you understood anything about business you would realise that updating estimates and meeting those estimates is very important indeed. Often more important than the specific amounts by which those estimates change. And they DO change. Circumstances change, and if you expect any estimate to be 100% accurate you don't know what an estimate is. It is not about proving you have the best crystal ball, it is about reacting to changing parameters and adjusting accordingly.

      Commenter
      andye
      Location
      sydney
      Date and time
      August 02, 2013, 1:49PM
    • @Ghengis - Do you have anything to do except sit on Age forums all day and whinge about the Gubbernment? Seriously - I take 10 minutes every few hours - you're ALWAYS here! Do you work?

      Commenter
      JTHooker
      Location
      Melbs
      Date and time
      August 02, 2013, 3:02PM
    • Andy,

      Well having my own business has taught me to watch trends. The trend with this government has been that every forecast they have made, every estimate they have made, has been overly optimistic or just wrong. Nobody expects an estimate to be 100%, but constantly getting them wrong to the degree they have, then coming out and blaming "circumstances" just shows me they don't understand their market place.

      You, apparently, just buy their BS and accept it!

      Commenter
      dRod
      Location
      Sydney
      Date and time
      August 02, 2013, 3:08PM
    • @dRod - Do you understand that the estimates used for budgets are not by the elected government, but by the treasury department? This would be the same under the Liberal Party. Now the Labor Party have gone ahead and done their own extra one before the election, but Treasury will be doing the official ones within 10 days of the election announcement and they do them for budgets and so on. So you can blame the government all you want for the inaccuracy of estimates, but they didn;t actually do them.

      Commenter
      andye
      Location
      sydney
      Date and time
      August 02, 2013, 3:58PM
  • $33billion deficit. This scam government needs to be voted out ASAP. Call the election Kevin, we want you gone!

    Commenter
    shiyoganai
    Location
    Sydney
    Date and time
    August 02, 2013, 12:44PM
  • Stephanie

    In answer to your question,
    Yes I could vote that man out on his birthday.

    Commenter
    yys
    Location
    Date and time
    August 02, 2013, 12:43PM
  • unlike Hockey, Abbott and all the other Hanrahans I will save my comments until AFTER the fiscal statement is revealed...

    Commenter
    David D
    Location
    Ettalong Beach
    Date and time
    August 02, 2013, 12:42PM
    • I'm so waiting to here your opinion and thoughts. Please let me know ASAP .

      Commenter
      Ian
      Location
      Date and time
      August 02, 2013, 1:14PM
    • Are we there yet?

      Commenter
      Louis Cypher
      Location
      Date and time
      August 02, 2013, 1:23PM
  • Revising growth down and unemployment up is a step in the right direction. It obviously means reduced revenue and bigger deficits too.

    What we don't want to see though is the need for any more weekly revenue downgrades due to ridiculous assumptions, like the $29 p/t carbon tax receipts that existed under Swan.

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 12:41PM
  • i can't see KR giving up the chance to swan around NYC as Australian PM...Making it more likely the 21st, which his ego no doubt tells him will be the greatest birthday present ever, a gift from the ever loving Australian public...I hope he gets socks!

    Commenter
    FanBloodyTastic
    Location
    Melb
    Date and time
    August 02, 2013, 12:40PM
  • Waiting for the "we are concerned about the health of smokers and we want to be responsible and make sure there is money for us to bail out the banks incase they collapse". lol

    Commenter
    Jill
    Location
    Date and time
    August 02, 2013, 12:34PM
  • Bowen seems like a competent bloke but if he wants to be taken seriously, there will have to be a bit of budget honesty and frankly some voter pain.

    If he wants to argue that now is not the time to cut spending, then when is ?

    Commenter
    Hacka
    Location
    Canberra
    Date and time
    August 02, 2013, 12:31PM
    • Bowen seems competent...He was a failed immigration minister.

      Commenter
      Mark
      Location
      Date and time
      August 02, 2013, 12:44PM
    • You have a short memory. He was the bumbling immigration minister that was sacked for letting all the boats in.

      Commenter
      shiyoganai
      Location
      Sydney
      Date and time
      August 02, 2013, 12:45PM
    • Hacka
      This is the Labor Party you are talking about - Labor have already spent every cent we had and more, so cutting spending now is like an overweight middle aged bloke thinking they can turn into an elite athlete by using the stairs, while they remain on a diet of deep fried food.
      Labor are addicted to a spiralling cycle of spend and tax, spend and tax creating the deep fried fat of deficit.

      Commenter
      yys
      Location
      Date and time
      August 02, 2013, 12:56PM
    • I just have one question for anyone that can answer it. " If our deficit is equivalent to a modest car loan, then why is it not payed off in 5 years like I have to ?"These jokers can even tto surplus.

      Commenter
      Martin Says
      Location
      Canberra
      Date and time
      August 02, 2013, 1:08PM
    • hey guys, just much are you willing to slow the economy, just to have spending cuts and a prettier looking budget balance that'll give you that warm inner glow?

      Commenter
      meatatarian
      Location
      Date and time
      August 02, 2013, 1:12PM
    • Competent? Are you serious?? As Immigration Minister he was a chinless bumbling idiot, now as Treasuruer, he is still a chinless bumbling idiot!

      Commenter
      Katz22
      Location
      Date and time
      August 02, 2013, 1:51PM
    • meatatarian, the answer would lie in how should the economy be growing right now. They keep reducing interest rates to try and make it go , but it isn't. when times are tough you do it tough, not spend willy nilly trying to pretend it isn't.

      Commenter
      Tired Camel
      Location
      Date and time
      August 02, 2013, 1:56PM
    • @mark. Agreed. he was hopeless immigartion minister. Looks even more pathetic as treasurer. These clowns need to be kicked out ASAP.

      Commenter
      Dano
      Location
      Date and time
      August 02, 2013, 2:14PM
    • He is totally incompetent, I think that he has no idea what is he talking about when he makes a speech, he just reads what was written for him, and what was written to him was written by some spin and propaganda speech writer.

      Commenter
      Sedona
      Location
      Date and time
      August 02, 2013, 4:31PM
  • i'm not fussed when the election is, just as long as Abbott ends up in political oblivion.
    The last thing Australia needs is a puppet to Murdoch, Pell and the IPA.

    Commenter
    A country gal
    Location
    Date and time
    August 02, 2013, 12:23PM
    • As opposed to Paul "we've got your back Prime Minister" Howes.

      Commenter
      Louis Cypher
      Location
      Date and time
      August 02, 2013, 12:34PM
    • A country gal, of course you are "not fussed when the election is" that's because you have no idea what is going on in the real world.
      Just to keep you informed, the Treasurer will announce that he has a $33 billion shortfall, unemployment will rise to 6.25% in the coming year.
      Can you imagine what it would be like after another 3 years of Labor.

      Commenter
      thepres
      Location
      Date and time
      August 02, 2013, 1:05PM
    • I suppose when you dont pay your fair share of tax iof no concern that the debt is growing. You might not care about yourself but why should your clildren have to foot the debt left by this generation and labor?

      Commenter
      Denny
      Location
      Date and time
      August 02, 2013, 1:07PM
    • hey Country Gal, I hope that the electorate exercises a bit more intelligence and thought when casting their vote, than you id in making your superficial statement.

      Commenter
      LittlePrince
      Location
      Date and time
      August 02, 2013, 1:09PM
    • The Left label Abbott as a Christian for political gain. This is a very, very dangerous precedent to set; attacking people for their religious beliefs is a very ugly development in Australian democracy.

      And the irony of course is that Rudd (and many others in the ALP) are far more active Christians than is Abbott. Rudd seems very happy to give press conferences outside his local church, and wears his religion on his sleeve.

      I wonder if the attacks on Abbott because he is a Christian would be equally tolerated if he was attacked for being a Muslim or an atheist?

      Introducing somebody's religious beliefs as a reason not to vote for them is no better than using their race as a reason not to vote for them. And apart from this, it is hypocritical and misguided; why is it OK for a committed Christian like Rudd to be PM but not OK for a somewhat less religious Abbott to become PM? Racist and hypocritical.

      Commenter
      Peter Webb
      Location
      Hornsby
      Date and time
      August 02, 2013, 1:13PM
    • @ Peter Webb......Abbott is an ugly development. He pretty much invented stooping low and "anything goes" to get into power. Now that he is supporting Gillard's Gonski in full I expect him to retract his "bad government" mantra which he used to oust her and then resign immediately !!

      Commenter
      Neal
      Location
      Cairns
      Date and time
      August 02, 2013, 2:14PM
    • A country gal. Yes, we remember.

      Commenter
      JohnB
      Location
      Melbourne
      Date and time
      August 02, 2013, 2:16PM
    • You are the reason we are in this mess-put your brain into gear please.

      Commenter
      tosin
      Location
      Date and time
      August 02, 2013, 2:19PM
    • tosin, Thankyou for such a huge compliment , never before have I been awarded the fame of singlehandedly steering the nation. A Nation that is democratic, peaceful and prosperous.
      Gee I've got a "big head" now.

      Commenter
      A country gal
      Location
      Date and time
      August 02, 2013, 4:02PM
    • Louis, I agree for once. I'd like to see Howes end up in political oblivion before he even gets there. Can't stomach the last century thinking environmental vandal.

      Commenter
      A country gal
      Location
      Date and time
      August 02, 2013, 4:29PM
  • Tax , tax Lets not be deluded banks will pass this on to consumers, pity the poor self funded retiree.

    Commenter
    Orph
    Location
    Date and time
    August 02, 2013, 12:22PM
    • Everyone is aware the banking tax will be passed on to Australian voters. Just add it on to the mining tax, the carbon tax, the flood tax, the superannuation tax. Hmm, there seems to be a pattern here. Labor = higher taxes.

      Commenter
      Jocob
      Location
      Date and time
      August 02, 2013, 12:46PM
    • Labor will ignore the grey vote at their peril.

      Commenter
      Sid
      Location
      Sydenham
      Date and time
      August 02, 2013, 12:51PM
    • Yes, that wonderful grey vote.

      They wanted their tax cuts, asset price growth and luxury retirement all at the detriment of the next generation.

      You have sold most of our assets and leveraged big time, now pay for it yourselves.

      Commenter
      Opinion Only
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:01PM
    • Whereas the Coalition have a plan to magically create money by wanting it really really badly.

      Commenter
      Cam
      Location
      Sydney
      Date and time
      August 02, 2013, 1:09PM
    • Apparently this Labor tax makes banks shares worth about 2% less than they currently are. If you're an older Australian with say $400k invested in the all ords about 1/4 or $100k of that will be in banks. So,,, you've just made a $2k contribution to the Labor party coffers. Cheers.

      Commenter
      Jones
      Location
      Date and time
      August 02, 2013, 1:16PM
    • The Financial Review reported that the Coalition is planning $75 billion worth of spending cuts and tax hikes, and is planning to accelerate the offshoring of tech jobs.

      No doubt while winding back the ALP's amendments that strengthened the integrity of the Coalition's uncapped, semi-skilled 457 skilled migration visa system.

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 1:17PM
    • Labor has been in government for 6 years. They cannot blame the current mess on anyone else and they cannot keep using the GFC as an excuse for their incompetence. They will keep reaching into our pockets to pay for their wasteful spending. There is nothing that justifies giving them another 3 years to do more damage.

      Commenter
      PC not
      Location
      Date and time
      August 02, 2013, 1:24PM
    • Poor self-funded retirees..... Queue the violins... the same self-funded retirees that have created a pyramid property scheme that mean young families on two professional incomes cannot afford to buy a house (without being crippled with debt).

      Commenter
      sb
      Location
      Mentone
      Date and time
      August 02, 2013, 1:44PM
    • SB of Mentone do you expect the Govt to buy your way in? Suggest you stop whingeing and start working harder.

      Sook.

      Commenter
      Nike
      Location
      Vic
      Date and time
      August 02, 2013, 2:06PM
    • Retirees would remember when John Howard was treasurer in the Fraser government left $40 billion deficit, 10% unemployment 11% inflation and abolished the Public Health System Medibank

      Commenter
      Margareta
      Location
      Yarra Valley
      Date and time
      August 02, 2013, 2:13PM
    • Oh the poor retirees sitting in million dollar houses that they bought for about $200k in real terms. Believe me, the rest of us can't wait until you're out of the political picture.

      Commenter
      George
      Location
      Date and time
      August 02, 2013, 2:45PM
    • Cam, no the Libs will help by getting government out of our lives and allowing business to regain confidence. Whether you like it or not small, medium and large business creates far more jobs and wealth than government ever will. In Australia more government has equalled less economic wealth, less jobs etc. Labor doesn't understand this or doesn't want to understand this. There are a lot of very smart people now working for government who'd make a much better contribution working in the Private Sector. But first business needs to regain confidence to hire new staff. Why would you do that when you don't know what new taxes and regulations this government might introduce just around the corner?

      Commenter
      Jason
      Location
      Date and time
      August 02, 2013, 3:46PM
    • Jason,

      We know what business expects the Coalition to do.

      Slash penalty rates, abolish unfair dismissal protection, reintroduce statutory, non-union individual contracts, create a new body to overrule Fair Work Australia decisions.

      After the way employers and employment agencies abused Australian workers and guest workers under 457 visas and Workchoices, how can you ever be trusted again?

      Gumtree classifieds - Agency job ad.

      "We've been getting reports increasing numbers of requests to 457 sponsorship transfer due to closing business, inappropriate salary transaction under the table, failure to provide trainning records equvalent 1% of total payroll. If you are on these cases, you are wasting your time and money to get Permanent residency through Temporary Residence Transition Stream."

      Commenter
      Tristan
      Location
      Melbourne
      Date and time
      August 02, 2013, 4:29PM
Comments are now closed