Comments on Robert Gottliebsen “BUDGET 2010: Swan may have blown it”, 12/05/2010, http://www.businessspectator.com.au/bs.nsf/Article/BUDGET-2010-Gottliebsen-1-pd20100511-5CD4K?OpenDocument&src=sph
It indeed seems to be an astonishing miracle that the budget is projected to be in surplus of $1 billion in 2012-13, especially considering possible errors in the forecast and the enormous errors in the last two budgets.
Any of the underlying assumptions, whether they are GDP growth, export prices and volumes, company profits, labour income, etc, will have to be working perfectly as those as the forecast for this miracle to occur.
Are there something really funny in the forecasts or projections to have produced this projected wonderful budgetary outcome?
It feels like a massive overshooting in the opposite direction to correct the last massive overshooting of the last budget.
Any normal, independent, neutral, sensible and rational minds would raise a question mark, wouldn't they?