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Australian Labor Government Budget Marks Shift to Permanent Austerity
Excerpt from: Australian Labor Government Budget Marks Shift to Permanent Austerity
By Patrick O’Connor - WSWS The budget brought down yesterday by the Australian Labor government of Prime Minister Julia Gillard has cut real government spending by 4.3 percent, the most significant reduction in the last 25 years...Labor has promised big business and finance capital that it will deliver no more budget deficits, regardless of economic shocks internationally and in Australia. Austerity is now firmly entrenched as the central principle of government economic policy. read more...Published By: Resist!ca - Thursday, 10 May, 2012