Climate, Environment Boards and Foreign Aid slashed by Joe Hockey in #MYEFO | Climate Citizen.
The Abbott Government slashing of climate change infrastructure continues in the latest Midyear Economic Forecast by the Treasurer Joe Hockey, where it was announced the Commonwealth deficit blows out to more than $40 billion and forecast not to return to surplus until 2019-20 at the earliest.
He attributed this budget blowout to reduced revenue due to iron ore prices being low, low wage growth with larger than expected family payments and other government benefits expenditure.
Joe Hockey was quick to criticise Labor’s budget deficits and promises to return to surplus, In 2012 he pledged after Labor’s 2012 budget that, “based on the numbers presented last Tuesday night we will achieve a surplus in our first year in office and we will achieve a surplus for every year of our first term”.
Being in Government it seems, is not as easy to meet such a promise.
Wayne Swan was quick to compare the budget deficit forecasts by Labor against the current Liberal deficit forecasts:
