Gillard links budget surplus pledge to trend economic growth

Prime Minister Julia Gillard signaled a 2013 budget surplus goal relies on the economy expanding at trend, as weaker growth threatens to curb revenue and derail her election-year commitment.

“Our last economic update had us at trend growth and that is why the last economic update had us with a surplus,” Gillard said in an interview with Australian Broadcasting Corp. radio on Friday. “We are still determined to deliver the surplus.”

via Business feed http://www.scmp.com/business/economy/article/1099742/gillard-links-budget-surplus-pledge-trend-economic-growth