The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.
Read more: http://www.smh.com.au/opinion/political-news/hey-big-spender-howard-the-king-of-the-loose-purse-strings-20130110-2cj32.html#ixzz2THL3Jf5N
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