Mid-year economic outlook projects $123 billion worth of deficits over four years

By Mark Kenny, Gareth Hutchens, Judith Ireland
Updated December 17 2013 - 9:08pm, first published 2:31pm
Treasurer Joe Hockey says 'spending cuts rather than taxes will be required'. Photo: Andrew Meares
Treasurer Joe Hockey says 'spending cuts rather than taxes will be required'. Photo: Andrew Meares
Treasurer Joe Hockey and Senator Mathias Cormann Finance at the press club discussing the Mid-Year Economic and Fiscal Outlook. Photo: Andrew Meares
Treasurer Joe Hockey and Senator Mathias Cormann Finance at the press club discussing the Mid-Year Economic and Fiscal Outlook. Photo: Andrew Meares

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