Wednesday, October 15, 2008
Swan won’t speculate on Budget deficit
Treasurer Paul Keating warned of Australia's becoming a "banana republic" if it did not rein in its deficits. That phrase, which sent the currency into a tailspin, may come back to haunt Prime Minister Keating.
Treasurer Wayne Swan has refused to speculate on whether the Government's $10.4 billion economic stimulus package will push inflation up or put the next Budget into deficit