Post Budget: The Economy
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  Running Time: 7:29 Date: 01/06/2013 Little to cheer about in this year's Budget, but next year's - after an expected change of government - could be brutal. This year's Federal Budget has been surrounded by the aura of a failed government, says Business Essentials resident economist Professor Neville Norman, and that will turn a moderately expansionary blueprint into a negative one for business people and the rest of the electorate. The refusal to acknowledge sooner that a return to surplus in the coming financial year was a dream has done more damage to confidence. But Professor Norman believes a coalition government may move too quickly to get back in the black. The result could be a brutal budget in 2014. Topics: Business Growth, Economy, Financial Management |
 Professor Neville Norman, Melbourne University |