Australian Federal Budget 2012

BUDGET 2012 Budget 2012: Cooked books, Carbon tax, more debt This Budget again confirms that Julia Gillard and Wayne Swan have no plan to build a stronger economy, repay debt or create secure jobs. This is a confused Budget with no coherent economic strategy to deliver stronger growth and higher productivity. Julia Gillard and Wayne Swan only have a plan for more borrowing, more taxes and record debt. Budget 2012 shows: the world’s biggest carbon tax; record net debt of $145 billion; a record new debt ceiling of $300 billion; a $26 billion deterioration in the Budget over the past year; Labor’s fourth massive deficit in four years; and higher unemployment. This is a deceitful Budget from a Labor government that has broken too many promises It is a “cook the books” Budget – the forecast wafer-thin surplus in 2012-13 is based on fiddled figures, money shuffles and the mining boom continuing. And the Budget provides no buffer against future economic shocks as the economic storm clouds gather in Europe.  Watch Joe Hockey's response to Labor's Budget here: Support the Liberal Party Support the Liberal Party and make a donation. Donate here or call the donation hotline: 02 8356 0300 Forward to your friends Like us on Facebook Join our circle on Google+ Follow us on Twitter