Australian Budget Deficit

Today Mr KRudd admitted that the budget would go into deficit. (Click on headline for link.)

Well, Go-lee, "Kev 08 is not so great."

Budget (that is estimated) deficit was $20B, then this was re-assessed to $5B. In the meantime, Heavy Spending Kevie promised $10B. Let's see, $5B-$10B= -$5B.

Minus 5 billion dollars.

Gee, I think that's a deficit, ja ne?