Budget 2012: A surplus at what cost?

The federal government made good its promise of a surplus in this year’s federal budget – it’s $1.5 billion which it is somehow going to deliver in the face of a $44 billion deficit this year.

But shadows have been cast on whether the government is capable of delivering on its promise with a further debt crisis in Europe looming, and whether they should have been pushing for a surplus at all.

For their analysis of Budget 2012, Catherine Zengerer speaks with Steve Keen, Professor of Economics and Finance at the University of Western Sydney and John Quiggin, Federation Fellow in Economics and Political Science at the University of Queensland

[audio https://czengerer.files.wordpress.com/2012/05/wwwire-budget-economics-2012.mp3]

download interview

This story first appeared on The Wire

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