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Australia underestimated growth, unemployment, and debt figures by billions
Australia will post a budget deficit of $30.1 billion for the fiscal year, a gross miscalculation from its May estimate of $18 billion, but the government promises to stay on track.
Federal Treasurer Chris Bowen, speaking on the newly-released economic report, said Australia is undergoing ‘economic transition’ and ‘not a crisis’. Bowen predicts weaker economic growth, increased unemployment,...
Boat arrivals in Australia may reach 30,000 in 2013
Immigration Minister Chris Bowen insists Australia’s tough asylum seeker policies are discouraging Sri Lankans from getting on boats despite a warning that boat arrivals could total 30,000 in 2013.
The minister’s comments came as refugee advocate Paris Aristotle warned asylum seeker boat arrivals, which reached around 2500 in November, were likely to increase next year.
“At the current...
Overseas workers take thousands of mining jobs in Australia
The federal government has unveiled an historic agreement with mining magnate Gina Rinehart to import overseas workers to fill jobs in her iron ore project in Western Australia.
The enterprise migration agreement (EMA) will be first used at the mining magnate’s $6.5 billion Roy Hill project, allowing Hancock Prospecting to bring in 1700 migrant workers on a temporary basis.
Union leaders today...
Australia to crack down on refugees after riots
East Timor President Jose Ramos-Horta(L) addresses a joint press conference with Australia’s immigration minister Chris Bowen(R) after their meeting at the presidential palace in Dili.
Australia moved to toughen its refugee stance on Tuesday, launching a stricter character test so those convicted of crimes, including rioting, while in immigration detention could be shipped home.
Immigration Minister...