Australia's state Tasmania reveals 2010/11 budget

08:20, June 18, 2010      

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Australia's state Tasmania's Treasurer Michael Aird on Thursday delivered his fifth budget, forecasting a net operating deficit of 65 million dollars (56 million U.S. dollars) in 2010/11, while general government debt was forecast to be zero.

According to Australian Associated Press, this compares to a surprise surplus of 23.9 million dollars (20.6 million U.S. dollars) for the 2009/10 financial year, a strong turnaround from the 117 million dollars (100.6 million U.S. dollars) deficit projected in last year's budget.

"The 2010/11 budget is the first budget of a new era in Tasmanian politics," Aird told parliament, referring to the Labor government's loose coalition with the Greens in March.

Source:Xinhua

(Editor:黄蓓蓓)

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