Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mobile Device Management
- The Modern Federal Threat Landscape
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Australian surplus 'unlikely' this fiscal year
Wednesday - 12/19/2012, 11:18pm EST
CANBERRA, Australia (AP) - Australia's treasurer has stepped away from his government's promise to return the budget to surplus in the current fiscal year, blaming lower than predicted company tax revenue and the strong Australian dollar for the nation's worsening financial position.
Wayne Swan, who is also acting prime minister, announced the probable deficit in the year ending June 30, 2013, after the Finance Department announced on Thursday that tax receipts for the year to October were 112 billion Australian dollars ($117 billion) _ almost AU$4 billion below the government's forecast.
Swan told reporters, "Dramatically lower tax revenue now makes it unlikely that there will be a surplus in 2012-13."
In 2010, Swan promised that Australia would become the first major developed economy to return to surplus by 2012-13.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)