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Article: NEW SOUTH WALES GOVT FORECASTS BUDGET SURPLUS FOR 2008/09.
- Article from:
- AsiaPulse News
- Article date:
- June 3, 2008
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SYDNEY, June 3 Asia Pulse - The New South Wales government has delivered its thirteenth straight budget surplus after cutting some taxes and substantially increase spending on infrastructure.
The government has forecast a A$268 million (US$255.91 million) operating budget surplus for the 2008/09 financial year.
"This budget balances the challenges of delivering improved services, investing more in infrastructure, and cutting taxes," State Treasurer Michael Costa told parliament in his budget speech.
The 2008/09 surplus was calculated in line with new Australian and international accounting standards.
The surplus will increase in future ...