Parties Debate Final Budget Outcome Figures

Following the release of the final Budget Outcome figures for the 2003-04 Budget, the government and opposition held press conferences.

The Treasurer, Peter Costello, said the underlying cash surplus of the Budget was $8 billion, $3.5 billion higher than expected. This was due to an additional $1.8 billion on the revenue side and $1.7 billion of reductions on the expenditure side.

The Shadow Treasurer, Simon Crean, appearing with the Shadow Finance Minister, Bob McMullan, said the Howard government was the highest taxing and spending government in Australia’s history, and families were under financial pressure. [Read more…]


McMullan Says Budget Is Pedestrian And Unimaginative

Bob McMullan, the ALP’s Shadow Treasurer, has addressed the National Press Club on the Federal Budget.

McMullan described the Budget as pedestrian and unimaginative. [Read more…]


John Gorton, Australian, Former Liberal Prime Minister, Dies, 90

John Grey Gorton, Australia’s nineteenth Prime Minister from 1968-71, has died, at age 90.

GortonRenowned as a ‘larrikin’, Gorton became the first prime minister to assume the nation’s leadership from the Senate. A centralist who alienated coalition State Premiers, Gorton’s private life was often in the headlines, but he will be remembered for his economic nationalism, support of Australia’s fledgling film industry, and for the spectacular manner of his departure from the prime ministership.

A World War II pilot, Gorton’s face was disfigured in combat. His ‘craggy’ features later became part of his appeal. Gorton came to public prominence during the ‘VIP Planes Affair’ when he tabled travel records in the Senate and rescued the government from a lingering crisis.

He became prime minister in January 1968, after Harold Holt disappeared in the Portsea surf. The Country Party leader, John McEwen, vetoed the election of William McMahon as prime minister, paving the way for Gorton to defeat the establishment candidate, Paul Hasluck. He moved to the House of Representatives as the new member for Holt’s electorate of Higgins, now held by Peter Costello. [Read more…]


Peter Costello Talks About How Hard He Works

In the leadup to the Budget, Peter Costello talked about how hard he worked.

Costello’s comments came the day before he delivered his seventh Budget.

The Shadow Treasurer, Bob McMullan mused on the viability of an “all smirk, no substance” Costello prime ministership. [Read more…]