Australian gov't signals lower economic growth rate

 　　CANBERRA, Nov. 6 (Xinhua) -- Australian federal government on Sunday signaled its mid-year budget review will reveal a lower- than-estimated growth rate for the Australian economy.

　　Federal Treasurer¹ Wayne Swan and Federal Finance Minister Penny Wong on Sunday said it is obvious that global instability will have an impact on the federal budget.

　　"While the turbulence² in the global economy makes our task harder, we're determined³ to bring the budget back to surplus in 2012/13 as planned," the treasurer said in his weekly economic note on Sunday.

　　"Sticking to our strict fiscal⁴ strategy is absolutely critical at a time when global financial markets are punishing those without discipline."

　　He added that the government's fiscal discipline had created space for the local economy to grow and helped give the Reserve Bank the room to cut interest rates.

　　The Reserve Bank of Australia decided⁵ to cut interest rate for 0.25 percent in November, and has scaled back its prediction for growth to 3.25 percent in 2011/12, 0.85 percent lower than its August forecast, warning that the local economy may be dragged down by Europe's sovereign debt crisis.

1 treasurer   

n.司库，财务主管

参考例句：

• Mr. Smith was succeeded by Mrs.Jones as treasurer.琼斯夫人继史密斯先生任会计。
• The treasurer was arrested for trying to manipulate the company's financial records.财务主管由于试图窜改公司财政帐目而被拘留。

2 turbulence   

n.喧嚣，狂暴，骚乱，湍流

参考例句：

• The turbulence caused the plane to turn over.空气的激流导致飞机翻转。
• The world advances amidst turbulence.世界在动荡中前进。

3 determined   

adj.坚定的；有决心的

参考例句：

• I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
• He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。

4 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

5 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。