There are two fiscal elephants in the Gillard government’s cabinet room. The first and better known elephant is the fact that the government’s wafer-thin surplus has been crushed under the weight of a slowdown in revenue forecasts and a speed-up in new spending announcements. The second elephant is that the cost of so-called “self-funded” retirement is not only the biggest, but fastest-growing area of government outlays.
Tanya Martin Office Manager
Jake Wishart Senior Media Adviser