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Govt pledge to return budget to surplus is risky economics

 

There is growing support and economic evidence for the government to put the brakes on their pledge to bring the budget back to surplus on the 2012/2013 financial year.

 

Leading economic analysts are warning that this strategy will be very dangerous for our economy, especially in light of recent figures showing that spending cuts have significantly reduced growth.

 

Many economic analysts believe the Government should be looking to expand on investment, especially in infrastructure, and funded by long term government bonds.

 

As the attacks on the government policy in this area grows, read the following article for supporting views.

 

http://www.theage.com.au/business/political-promise-to-return-budget-to-surplus-very-dangerous-20121205-2avmd.html

 

 

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