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The Federal Government is expecting a bigger budget deficit this financial year than originally forecast.
The updated budget papers predict a $41.5 billion deficit, which is almost $1 billion more than the July forecast.
Key points: Budget to return to black in 2012/13 with $3.1b [...]

A SERIAL blogger who last year predicted the financial crisis has become a cult figure online for his forecast.
Edward Karan proposed on September 19 real estate prices in Australia would fall 40 per cent over two years from the first quarter of 2008.
“It’s too late, the course is set, the market will crash, its [...]