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.
