"Government spending cuts
The Government soon found that the previous Keating Government had left them with an unexpected $7.6 billion "black hole" budget deficit. The new treasurer, Peter Costello, and Finance Minister, John Fahey worked at reducing Commonwealth expenditure. This involved reneging on a number of election commitments, which Howard defended as "non-core promises".[10] At the first Coalition government budget, the public service was "down-sized", the Commonwealth Employment Service (CES) was privatised, and cuts were made to all departments including with the exception of defence.[6] $8 billion in spending cuts were made over the government's first two budgets.[10]'
Lol Zone.
After all those years in Gov Howard only Delivered a tiny surplus from some of the best economic times in our history .
The man should be locked up.
http://en.wikipedia.org/wiki/Howard_Government#Government_spending_cuts
- Forums
- Political Debate
- swan playing god.
swan playing god., page-12
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online