Slugcatcher and the question of over-promising and under-delivering

IT IS never good policy to spend what you haven't got, a lesson Slugcatcher hopes the Australian government has learned over the past two years. It is a lesson another government, Israel, is about to learn – as are two companies, Woodside Petroleum and Buru Energy.

24 June 2013
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In Australia's case the issue was pre-spending revenue it expected to receive from its taxes on mining and carbon emissions. This is revenue that has fallen a country mile short of forecasts.

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