Debtski …

Total tax revenue last financial year … $317 billion.

Projected for this year … $340 billion.

Increase over last year 7.25%.

Yes, I said increase. Mr Swan and Miss Gillard are crying woe is us because of an unexpected fall in government revenue. If you expect more than a 7.25% increase in annual income you may well be disappointed!

There are three things to consider expenditure, expenditure and expenditure. These are the key to the budget black hole.

And the government continue to promise plenty of expenditure …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s