Greg Jericho, for the Guardian lists the top 5 changes to the budget and why they make or don’t make sense.
1. The mining boom is over and it’s grim
2. Revenue is still a problem, but not as bad as it once was
3. Expenditure is falling but the cuts overall are not as bad as in the past
4. The trip back to the surplus is steady not stupid
5. The economy remains weak, and the government has decided to do little to help
via The Guardian
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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