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Treasurer1 Wayne Swan has been told to abandon his plan for a budget surplus next financial year. Economic forecaster Deloitte Access Economics says the budget is heading for a deficit2 of almost $2 billion in 2012-13. Now the forecaster warns that further cuts to government spending could harm the economy, but the Federal Treasurer is flagging more tough decisions in order to get the budget back in the black.
The Prime Minister Julia Gillard has made a surprise visit to Afghanistan. Ms Gillard met Afghan President Hamid Karzai at the presidential palace in Kabul. The bodies of the three Australian soldiers killed in Afghanistan last week have also now arrived home. The men were awarded service medals at a special ceremony at Amberley air base west of Brisbane yesterday.
The Greek Prime Minister George Papandreou is under increasing pressure to resign in order to break the country's political deadlock3. Greek ministers are holding emergency talks to try to resolve the crisis. The country's main opposition4 leader is refusing to take part in a coalition5 government led by Mr Papandreou. A deal needs to be done in order to ratify6 the EU's latest bailout package so the country can get access to that money.
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1 treasurer | |
n.司库,财务主管 | |
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2 deficit | |
n.亏空,亏损;赤字,逆差 | |
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3 deadlock | |
n.僵局,僵持 | |
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4 opposition | |
n.反对,敌对 | |
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5 coalition | |
n.结合体,同盟,结合,联合 | |
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6 ratify | |
v.批准,认可,追认 | |
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7 killing | |
n.巨额利润;突然赚大钱,发大财 | |
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