Thursday, October 23, 2008

And Australia thought it was OK?

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 (527 views)
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