Did he see the figures through August? They were down over 4%…
He sees revenues rising 3.8% versus 2012 levels as well. It’s all good, apparently.
Spending will fall 8.9% at the ministerial level.
Interest costs are expected to rise 34% (I wonder what interest rate they are using for their projections? Could give us insight into whether they are budgeting the bailout…)
Tax write-off for large companies will be limited next year and the year-after, he says. I guess that’s where the revenues come from.
