I for one have been wondering how gillard and co will get the budget in surplus in 12/13.
I think I know a couple of tricks they're going to use...
1. Borrow for all the work that needs to be done, moving it off the budget. Swan is trying to get an allowance to increase our debt by an extra $50b (up to $250b) so they seem to be getting ready for it.
Then they just do all the normal work in education, health etc, but call it 'projects' and do it with debt. Same things achieved that used to be on the budget, but now funded with debt to they 'disapper'.
2. Bring as much spending forward this year as possible. They announced this in the carbon tax announcement, so they budget could still be in surplus in 12 months time. Doesn't improve our overall position, but creatively makes the budget next year look better.
Any other ways the government can magically bring about a surplus?
I think I know a couple of tricks they're going to use...
1. Borrow for all the work that needs to be done, moving it off the budget. Swan is trying to get an allowance to increase our debt by an extra $50b (up to $250b) so they seem to be getting ready for it.
Then they just do all the normal work in education, health etc, but call it 'projects' and do it with debt. Same things achieved that used to be on the budget, but now funded with debt to they 'disapper'.
2. Bring as much spending forward this year as possible. They announced this in the carbon tax announcement, so they budget could still be in surplus in 12 months time. Doesn't improve our overall position, but creatively makes the budget next year look better.
Any other ways the government can magically bring about a surplus?