Thursday, Oct 23, 2008
And Australia thought it was OK?
Sydney Morning Herald: New South Wales in the Red.
And I bet they have not found the majority of losses yet
NSW suffered its first monthly deficit in eight years in August as a result of weak property and financial markets.
And it barely managed to record a surplus for the 2007/08 financial year.
The continued budget pressures point to a savage mini-budget, due to be introduced on November 11, as the Rees Government seeks to squeeze spending across the board.
Posted by lvmreader @ 04:14 PM (157 views) Add Comment
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