March 19th 2011


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Articles from this issue:

EDITORIAL: Taxpayers to help subsidise UN's $100 billion climate fund

CANBERRA OBSERVED: Greens give marching orders to Julia Gillard

NEW ZEALAND: Questions about Christchurch earthquake

SAME-SEX MARRIAGE: Elton John and the new stolen generation

DRUGS: Latest push to promote needle/syringe programs

ECONOMIC AFFAIRS: Mondragón worker co-ops ride out global slump

UNITED STATES: How the recession has hurt working-class men

MIDDLE EAST I: Misunderstanding the events rocking the Middle East

MIDDLE EAST II: Are Western diplomats up to the job?

RUSSIA: Gorbachev slams 'rich and debauched' elite

UNITED KINGDOM: British High Court's assault on Christianity

EUTHANASIA: What must patients do to avoid being killed?

OBITUARY: Abortionist who became pro-life crusader: Bernard Nathanson (1926-2011)

OPINION: Politicisation of our public service

Howard left federal Budget in surplus (letter)

National investment fund (letter)

Bob Brown's machinations (letter)

BOOK REVIEW: COURTING DISASTER: How the CIA Kept America Safe and How Obama Is Inviting the Next Attack, by Marc A. Thiessen

BOOK REVIEW: THE STORY OF ENGLISH: How the English Language Conquered the World, by Philip Gooden

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Howard left federal Budget in surplus (letter)


by Senator Nick Minchin

News Weekly, March 19, 2011
Sir,

Patrick J. Byrne asserts that "in Howard's last year ... the federal Budget went into deficit ("Business leaders call for national investment fund", News Weekly, March 5, 2011).

This is wrong. The Howard Government left the federal Budget in surplus.

The last financial year of the Howard Government was 2007-08. As the current Budget papers affirm, the Budget outcome for 207-08 was a surplus of $19.7 billion in underlying cash terms, and the fiscal balance was a surplus of $21 billion.

The federal Budget has been in deficit ever since that surplus in the last year of the Howard Government.

Senator the Hon. Nick Minchin,
Liberal Senator for South Australia,
Kent Town, SA




























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