Today the Prime Minister confirmed that Treasury has revised its estimates and now predicts that the 2012/2013 deficit will be around $11 billion dollars, up from the $1 billion estimated in October last year.
The Prime Minister has released the government’s proposed changes to education funding. There is more money to go into public schools based on the funding criteria in the Gonski Report
On Friday, Treasurer Wayne Swan and Superannuation Minister Bill Shorten announced the Government’s (much anticipated) changes to the Superannuation System.
After a week where the speculation even within the Government was that there would be a raid on the superannuation system to help plug the budget deficit, the final announcement was rather anti-climactic.