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This website is in imminent danger of being shut down. It has been online since 1995, but the personal circumstances of the owner, Malcolm Farnsworth, are such that economies have to be made. Server costs and suchlike have become prohibitive. At the urging of people online, I have agreed to see if Patreon provides a solution. More information is available at the Patreon website. If you are able to contribute even $1.00/month to keep the site running, please click the Patreon button below.


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Government Releases Updated Economic Outlook; Deficit Up, Growth Slows, $17bn Of Budget Cuts

The Rudd government has released an updated economic outlook statement that shows this year’s budget deficit blowing out to $30.1 billion.

Treasurer Chris Bowen and Finance Minister Senator Penny Wong have announced $17 billion of budget cuts aimed at producing a surplus of $4 billion in 2016-17. [Read more…]