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Economic Update

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The toughest Budgeting task in decades, as the Federal Government struggles to deal with the downturn.

The Australian Government's 2009-10 Budget will be the first of several forecast to be in deficit, as it copes with a downturn in revenue and the cost of the stimulus packages it hopes will ameliorate the worst effects of the global downturn. Professor Neville Norman of Melbourne University looks at the likely effects on business.
  

Topics: Economy, Financial Management, Management


Professor Neville Norman, Melbourne University