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‘Fiscal Conservatism’ for All

Seems not everyone got the memo on ‘fiscal conservatism’:

KEVIN Rudd faces intensifying pressure from community groups for billions of dollars of new government spending, despite his promise of an austerity budget designed to ease pressure on inflation and interest rates.

As the Prime Minister told a business breakfast in Perth yesterday of his plans to cut spending in the 2008-09 budget, to be delivered in May, his office was being flooded with requests for more than $7 billion in spending on health, infrastructure and climate change.

posted on 21 January 2008 by skirchner in Economics, Financial Markets, Politics

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