The IFS said that the Conservative plans to get rid of «the bulk» of
the deficit over the course of the next parliament will involve the biggest spending cuts since the second world war, while Labour and Lib Dem plans will result in deeper cuts that at any time since the 1970s.
-- Member
of Parliament David Yurdiga «The federal government thinks that it is acceptable to run a $ 30 billion
deficit and spending billions on foreign aid and international climate change projects, as well as on newcomer settlement programs all the while cutting
over $ 100 million from the three northern territories
over the
course of the
next five years.