The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted September 25, 2014.
The Abbott Government needs to take responsibility for its own Budget policy and for an $18.4 billion blow-out in the budget deficit in 2013-14.
The Treasurer said today that the Final Budget Outcome for 2013-14 was:
“The final budget outcome for the last year of a Labor Government.”
We know the Treasurer would rather forget the last year, but the last time we checked, the Abbott Government has been responsible for Budget and economic policy since September 2013. That’s 75 per cent of the 2013-14 financial year.
The fact is that under the Abbott Government’s watch, the budget deficit for 2013-14 went from $30.1 billion at in the independent Pre-election Economic and Fiscal Outlook to $48.5 billion...Read complete article »