States on a spending bender

Novak, Julie
December 2009
Institute of Public Affairs Review;Dec2009, Vol. 61 Issue 3, p49
The article discusses the reasons behind the intractable budget deficits and public debts faced by state governments in Australia. It notes that instead of examining expenditures, most of the government's economic agents incriminate stock market capitalists and financial executives in times of declining business confidence. It also explains that the states' financial problems are the attributes of the growth in public expenditure and spending and not on the lack of revenues.


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