Deficit blowout now $45bn – must cut spending says government
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Chris Richardson of Deloittes Access Economics has forecast an extra $14bn to bring the deficit up to $45billion for budget 2015. PM Tony Abbott is still committed to working up a surplus – but when? There are many revenue pressures, but raising more revenue is anathema to the Liberals rhetoric. So where will the cuts in this “boring” budget turn up?
Chris Richardson Deloittes Access Economics
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