Related Topics
Categories

Recommend
Print

Business

THE NEWS WRAP: Australia’s deficit is $10 billion worse than last thought:Forecaster

By Oliver Milman
Thursday, 05 May 2011

Next week’s budget could show that Australia’s deficit is $10 billion worse than last thought, an economic forecaster has predicted.

 

Deloitte Access Economics said that it expects the Federal budget to be $51 billion in the red this year. It predicts a $22 billion deficit next year before a surplus of $710 million in 2012/13.

 

The lingering effects of the global financial downturn and recent natural disasters were blamed for the worse than expected deficit.

 

Plan to recruit 30,000 Indian graduates

 

Up to 30,000 Indian graduates could be recruited by Australian companies in order to combat severe skills shortages, according to the Australian Financial Review.

 

A plan has been drawn up that would see graduates trained at Australian institutions, as well as Indian workers with Australian-recognised qualifications arriving from the sub-continent to take up jobs here.

 

Branson shakes up airline empire

 

Richard Branson’s Virgin Blue has undergone a revamp, with the airline rebranded as Virgin Australia. V-Australia and Pacific Blue will also come under the new brand, which has a new grey-coloured logo. Branson said that he expected the airline to capture business class passengers from rivals including Qantas.

 

Overnight

 

The Dow Jones Industrial Average fell 83.93 points to 12,723.58. The Australian dollar drifted to 108.27 US cents. 

 

Did you like this article? 

Sign up to the StartupSmart Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

Invalid Input

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

busy
Invalid Input
 
SmartCompany Smart Reads
  • Samsung Galaxy Tab hits big Australian retailers – can it challenge the iPad?
  • Meet the emotional robot
  • Microsoft releases new Zune HD player
  • Mandatory internet filter could become voluntary
  • Microsoft to release Windows 7 pricing soon
brought to you by Ultrabook[TM] Inspired by Intel

Follow us

StartupSmart on Twitter StartupSmart on Facebook StartupSmart on LinkedIn StartupSmart on Google+

Subscribe to StartupSmart RSS feeds

Events


  • Programming Fundamentals for Non-Techies
    How much truth do you find in the statement "Speaking with developers is only slightly more difficult than speaking with the dead"? If you want to be part of...

  • Selling with Social Media
    How do you converts likes and followers into purchases? This class will provide strategy and guidelines on how to use social media to increase sales, and...

  • Financial Models for Startup’s
    This class is designed for business leaders who want to learn about financial modeling. No accounting background is necessary, but a basic working knowledge of...

  • How to Raise Seed Capital
    Money makes the world go around, and can also help you take your startup to the next level quicker. This session will provide a step-by-step, insider’s view of ...

Sponsored Links

Our Partners

 

Private Media Publications

Crikey

loading...

Crikey Blogs

loading...

Smart Company

loading...

Property Observer

loading...

Leading Company

loading...