peter costello smashes wayne swan, page-22

Cgt
"Hmm. They said back in February the small surplus now looked like $10 billion deficit. There are only 4 months to go before the cut off for the financial year. It would be a very tall order for that $10b to blow out to $30b in four months."

well the answer is very simple just another labor lie.

They were never close to delivery a surplus
they were never close to delivering a 10B deficit

Labor are misleading the public by allowing them to think the deficit will be small.

As at 31/12/2012 the actual budget deficit is 22B and their is no chance of this improving in the second half .

For example

if revenues increase by 10% in the second half and expenses by 2% the deficit will be 30B.

The chances of revenue increasing by 10% in the second half are nil and the chances of expenses increasing by only 2% is also probably nil.

So 30B is almost a lay down misere at this stage.