Prime Minister Julia Gillard woke up this morning with the knowledge that Australia’s annual GDP growth is 3.1 per cent, inflation is 2.2 per cent, the unemployment rate is 5.4 per cent, mortgage interest rates are at 6.4 per cent and over 190,000 jobs have been created over the past year.
Gillard can check with the three major credit rating agencies and see that they all have Australia triple-A based on some of the best fiscal settings in the world. Government debt remains at trivial levels and the recent cuts to government spending is seeing a sharp improvement in the budget balance, as it should when the economy is growing.
via Enough leadership clamour, back to budgeting | Business Spectator.
SUSAN'S SPACE 