Gillard Seeks Australia Budget Surplus to Halt Poll Slide @ Forex Factory

Gillard Seeks Australia Budget Surplus to Halt Poll Slide

From bloomberg.com

Australian Prime Minister Julia Gillard plans to end four years of deficits in her government’s annual budget today, seeking to reverse a slide in opinion polls and strengthen its economic credentials. The governing Labor party, which trails the opposition by 18 percentage points in the latest survey, says a return to surplus will give the central bank room to lower borrowing costs in a nation where almost 90 percent of mortgages have variable rates. Economists predict Australia’s unemployment rate last month rose to a seven-month high of 5.3 percent, according to the median forecast ahead of a report due ... (full story)

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- May 8, 2012 12:49am
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- Guest
  
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- Another illegitemate, bullying and incompetent Government corrupted by spin doctors and marketers and trying to buy its way back into power using taxpayers funds. Just another rearrangment of the deckchairs on the "Titanic". The mass consumer era party is well and truly over...time to stand back and let nature take its course. Another illegitemate, bullying and incompetent Government corrupted by spin doctors and marketers and trying to buy its way back into power using taxpayers funds. Just another rearrangment of the deckchairs on the "Titanic". The mass consumer era party is well and truly over...time to stand back and let nature take its course.
- May 8, 2012 1:06am
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- Guest
  
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- go getem gillard go getem gillard
- May 8, 2012 1:52am
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- jpb6163
  
  28 posts
- The Rudd/Gillard gov spent recklessly now they will cut spending recklessly and plunge Aus into recession. Jobs outside the mining industry are disappearing and the mining industry accounts for only ~2% of national employment. The Rudd/Gillard gov spent recklessly now they will cut spending recklessly and plunge Aus into recession. Jobs outside the mining industry are disappearing and the mining industry accounts for only ~2% of national employment.
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Story Stats

Posted: May 8, 2012 12:29am

Submitted by: FF News

Category: Fundamental Analysis
1,175 Views
3 Comments

Guest, Guest, jpb6163

Australia Budget surplus 'means rate cuts'

From sbs.com.au| May 8, 2012| 2 comments
Australian budget set to return to surplus this year

From bbc.co.uk| May 8, 2012| 15 comments
Budget: A stronger economy for a fair Australia

From treasury.gov.au| May 8, 2012| 13 comments

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Gillard Seeks Australia Budget Surplus to Halt Poll Slide