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Australian Economy

Australia Fiscal Crisis: Massive Deficit Overwhelms Julia Gillard's Government

Sheldon Filger | Posted 07.16.2013 | World
Sheldon Filger

The real lesson here is that governments during the ongoing global economic crisis have consistently displayed a poor ability to project their revenue stream, even in as short a time span as one year. This leads to the transcending economic lesson of Australia's current fiscal mess.