Australian government faces budget dilemma

RAEL’S COMMENT: 
What is incredibly funny is that nobody talk about the easiest cut: military spending! Seeing Australian military in Afghanistan and other foreign countries, while they don’t have enough money for education and health care is ridiculous. Australia could easily cut in half its military spending and the problem would be solved .This will be the same soon for US and other European countries. This is the beginning of the end for the occidental imperialism. All empires crumbled down for the very same reason…

As Australian Treasurer Joe Hockey prepares his second budget, the Australian government faces some hard choices.

Last year’s budget – which aimed to slash education funding, increase health care costs and strip benefits from young, unemployed Australians – was rejected by the public. A year later, voters remain sceptical of the need to cut government expenditure.

What dilemmas does the treasurer face?

Growth in traditional sources of revenue, such as personal and corporate income tax, has slowed because of a weakening economy.

But far bigger is the hole ripped out of budget finances by a slump in mining royalties.

Last month, Mr Hockey warned he was preparing to write off up to A$25bn ($20bn, £13bn) in budget revenue over the next four years thanks to the slump in the price of iron ore.

Read more

Source

Get the truth

Read the messages given to us by our creators during Rael’s UFO encounter in 1973! 

Other events

Follow Us

Rael Academy

you might also like

The brain may be able to repair itself

RAEL’S COMMENT:  So much time lost in regulation, authorization…. while a poison vaccine killing thousands of people is immediately authorized…

Ex-Louvre director faces criminal charges

RAEL’S COMMENT:  Europe always ready to pillage Africa…

India decriminalizes sex work

RAEL’S COMMENT:  Wonderful!

Cancer patients seek damages from Fukushima operator

RAEL’S COMMENT:  It’s just the beginning…