Sunday 17 November 2013

Australia menolak PENINGKATAN Siling hutang, berharap untuk mengelakkan PENUTUPAN Gaya-Amerika . . .

Reuters/Russell Boyce (think IN pictures @1WORLDCommunity)

Asset1WC’s - Australia menolak meningkatkan siling hutang, berharap untuk mengelak-kan penu-tupan gaya -Amerika. Rumah atas Australia menolak cadangan untuk menaik-kan siling hutang kepada AU$500 billion (US$465 billion), yang jika tidak diselesaikan sebelum Disember 12, boleh menghantar negara ke satu senario penutupan.

Perdana Menteri Australia Tony Abbott telah berjanji dia akan mengangkat siling hutang ekonomi ke-12 terbesar di DUNIA untuk AU$500 billion, tetapi menghadapi tentangan daripada Parti Buruh dan Greens, yang mahu mengehadkan had di AU $ 400 bilion ( kira-kira US$373 billion).

Had semasa berdiri di AU $ 300billion, yang dijangka akan dicapai oleh 12 Disember, menurut gabungan Liberal-Nasional. Gabungan Abbott mempunyai majoriti dalam Dewan Rakyat, tetapi tidak Senat rumah atas, yang mempunyai kuasa untuk menghalang undang-undang.

Jika tiada perjanjian dicapai, mereka akan masukkan penutupan kerajaan ALA-Amerika Syarikat, menutup tangan ‘tidak penting’ kerajaan dan membuang pekerja negeri sehingga had hutang yang dipersetujui.

Persekutuan Bendahari Joe Hockey telah mencetuskan idea penutupan kerajaan, dan telah memberi amaran “besar” pemotongan perbelanjaan jika siling tidak dilanjutka. “Jika Buruh menghalang peningkatan dalam had hutang, tidak ada pilihan tetapi untuk mem-punyai luka besar-besaran untuk perbelanjaan kerajaan:” kata Bendahari Hoki di televisyen Australia pada 13 November, laporan Bloomberg.

"Kerajaan sedang berjalan atas wang yang dipinjam,” kata Hockey. Rundingan di Australia menunjukkan pendirian licin kerajaan pada belanjawan, Nomura Holdings Inc kadar faedah strategi Martin Whetton memberitahu Bloomberg.

“Ia tidak kelihatan baik untuk Australia,” kata Whetton yang berpangkalan di Sydney. “Kita telah melihat dengan contoh Amerika Syarikat bagaimana gangguan ini pelbagai perte-lingkahan politik terhadap hutang boleh jadi. Gambar yang lebih besar adalah bahawa jangkaan hasil belanjawan yang miskin bagi kerajaan dalam tempoh 4 tahun akan datang kerana perbelanjaan yang tinggi dan ekonomi yang semakin meningkat sub-trend.”

Kerajaan Amerika Syarikat telah dipaksa penutupan (shutdown) apabila Kongres gagal untuk berunding mengenai perjanjian bajet di tengah-tengah hampir $17 trillion dalam hutang. National Australia Bank Ketua Eksekutif Cameron Clyne mengesyorkan Australia mengembang defisit untuk berkembang.

Penarafan kredit AAA Australia , kata ketua bank itu, ia menyediakan peluang yang unik untuk mengeluarkan lebih banyak hutang kerajaan untuk membiayai infrastruktur dan pertumbuhan ekonomi negara. $1.5 trillion ekonomi Australia mempunyai sangat suram ramalan - pengangguran dijangka tidak akan jatuh sehingga 2015, defisit bajet lebih daripada $ 30 bilion dijangka untuk tahun 2013 fiskal, dan ceramah perdagangan bebas dengan negara-negara jiran adalah serangan seluruh ayat-ayat mengintip.

Selepas memenangi jawatan pada 7 September, Abbott mengumumkan beliau mahu mengembangkan hubungan perdagangan bebas cukai Australia dengan China, Jepun, India, Indonesia dan 8 negara-negara lain dengan menyanyi Perkongsian Trans-Pasifik.

Australia Rejects Raising debt Ceiling, hopes to avoid 
America-Style Shutdown . . .

Australia’s upper house rejected a proposal to raise the debt ceiling to AU$500 billion ($465 billion), which if not resolved by December 12, could send the country into a US shutdown scenario.

Australian Prime Minister Tony Abbott has promised he will lift the debt ceiling of the world’s 12th-largest economy to AU$500 billion, but is facing opposition from the Labor Party and Greens, who want to cap the limit at AU$400 billion (about$373 billion).

The current limit stands at AU$300billion, which is expected to be reached by December 12, according to the Liberal-National coalition. Abbott’s coalition has a majority in the lower house, but not the upper house Senate, which has the power to block legislation.

If no deal is reached, they would enter a US-style government shutdown, closing ‘non-essential’ arms of the government and laying off state employees until a debt limit is agreed. Federal Treasurer Joe Hockey has stoked the idea of a government shutdown, and has warned of “massive” spending cuts if the ceiling isn’t extended.

“If Labor prevents an increase in the debt limit, there is no choice but to have massive cuts to government expenditure,” Treasurer Hockey said on Australian television on November 13, Bloomberg reports. 

“The government is running on borrowed money,” Hockey said. The negotiations in Australia show the government’s slippery stance on its budget, Nomura Holdings Inc. interest-rate strategist Martin Whetton told Bloomberg.

“It’s not a good look for Australia,” said Sydney-based Whetton. “We’ve seen with the US example how disruptive these sorts of political disputes over debt can be. The bigger picture is that budget revenue expectations are poor for the government over the next four years because of high spending and an economy growing sub-trend.”

The US government was forced into a shutdown when Congress failed to negotiate on a budget deal amid nearly $17 trillion in debt. National Australia Bank chief executive Cameron Clyne recommends Australia expands its deficit in order to grow.

Australia's AAA credit rating, according to the bank’s chief, provides it a unique opportunity to issue more government debt in order to fund domestic infrastructure and growth. Australia’s $1.5 trillion economy has a very gloomy forecast- unemployment isn’t expected to drop until 2015, a budget deficit over $30 billion is expected for the 2013 fiscal year, and free trade talks with neighbors are breaking down over spy revelations.

After winning office on September 7, Abbott announced he wanted to expand Australia’s duty-free trade relationship with China, Japan, India, Indonesia, and 8 other countries by singing the Trans-Pacific Partnership.



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AFP Photo/Timothy A. Clary/Files (think IN pictures @1WORLDCommunity)


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