As of around May of 2008 the Australian Budget was running a $22 Billion AUD surplus, and $AUD1 = $US0.94, it is now (Oct 2008) more like $AUD1 = $US0.7 The surplus currently stands around 19.7 Billion AUD. This is likely to decline markedly as the current Australian government intends to spend $15 Billion in 2007-2008, as per this article: http://news.ninemsn.com.au/article.aspx?id=637949
sorry not Budget deficit... budget balance
A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
Primary deficit=Fiscal deficit-[minus] Interest payments
The government was under pressure to raise more taxes due to the budget deficit they had.
Taxpayers
budget deficit
a federal budget deficit
by cheating
Currently in 2010-2011 1. Revenue Deficit 2. Fiscal Deficit 3.Primary Deficit. There used to be these 2 more type which have been now abolished 4. Budget Deficit 5. Monetised Deficit ~wt.what@gmail.com
budget deficit