AUSTRALIA: The federal budget is not expected to return to surplus for
“a number of years” amid continuing fragility in the global economy,
Finance Minister Lindsay Tanner said according to wire reports. Tanner
said that there has been some “over-the-top” speculation by some private
sector economists that the budget will return to surplus within a year
or so. “We’ve still got a long, hard road to get back into surplus,”
Tanner was cited saying. “It’s still going to take a number of years in
my view.”