Australia is not now spending all of its export windfall on buying more imports. It ran a goods and services trade deficit every month from mid-2002 to mid-2008 but this has now given way to trade surpluses. In April and May Australia ran a trade surplus of $2.8billion. Australia’s sovereign debt rating is AAA. Australia’s government deficit is $57 billion. Net foreign debt (including corporate and household) is $650 billion (from financing the mining boom our elevated house prices and our high levels of household debt). Australia’s banks are dependent on tapping offshore capital markets. The whole lot depends on iron ore and coal prices and China.
ALP Australian Labor Party – Julia Gillard Steven Miles (Ryan) Fiona McNamara (Dickson) – Building a strong economy returning the budget to surplus by 2013 three years early. Protection of local jobs by keeping the economy moving forward.
ALP Australian Labor Party – Julia Gillard Steven Miles (Ryan) Fiona McNamara (Dickson) – Reaching agreement with the mining industry securing our increase to the Super Guarantee.
[url=http://www.alp.org.au/agenda/tax-reform-a-tax-plan-for-our-future/]Australian Labor Party a tax plan for our future[/url]
[url=http://www.alp.org.au/agenda/strengthening-australia/]Australian Labor Party strengthening Australia[/url]
[url=http://greens.org.au/policies/sustainable-economy/corporate-governance]
The Greens on corporate governance[/url]
[url=http://greens.org.au/policies/sustainable-economy/economics]The Greens on sustainable economy[/url]
[url=http://greens.org.au/policies/sustainable-economy/global-economics]The Greens on global economics[/url]
[url=http://greens.org.au/policies/sustainable-economy/sustainable-planning-and-transport]The Greens sustainable planning and transport[/url]
[url=http://www.ldp.org.au/index.php?option=com_content&view=article&id=1164:taxation&catid=101:policies&]
Liberal Democrats on taxation[/url]