Thursday, October 23, 2008
And Australia thought it was OK?
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.