Interpac Business and Migration Solutions Melbourne Australia

New federal forecasts to come, but no poll date PDF Print E-mail

 

(July 14,2010)

The federal government will today update Australians on the state of the economy, and keep them guessing on the election date.

The updated budget figures will be released by Treasury at 1 pm, east coast time, with Treasurer Wayne Swan scheduled to hold a press conference at 2 pm.

Prime Minister Julia Gillard was widely expected to address the last of her nominated priorities, climate change, this week, ahead of calling an election for late August.

She will make her first address to the National Press Club tomorrow, but is not expected to announce a climate policy, even though cabinet yesterday discussed the topic for several hours.

Labor's economic record will be in focus today, with Treasurer Wayne Swan to release revised economic forecasts, with more detail about projected revenue from the re-designed mining tax.

A spokesman for Mr Swan said it was "appropriate" to update Australians on the economy's performance under the new leadership of Ms Gillard.

The updated figures would confirm the budget's return to surplus in three years, three years early and ahead of every major advanced economy, he said.

(Source:theAge)

 

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