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Wednesday, 1 March 1978


Mr HOWE (BATMAN, VICTORIA) - My question, which is directed to the Treasurer, follows that asked by the honourable member for Bonython regarding the ballooning of the Budget deficit. I ask the Treasurer why it is that estimates made only six months ago did not anticipate the full impact of rising unemployment. Is it a fact that unemployment benefits were underestimated by as much as $200m, indicating a worsening of the unemployment situation? Further, do the shortfalls in revenue indicate that the state of the economy, at least with respect to unemployment, is much worse than the Government anticipated?







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