SYDNEY: Australian Prime Minister Julia Gillard yesterday warned voters to brace for an austere election-year budget, unveiling a A$12 billion (US$12.4 billion) slump in revenues due to the strong dollar. Gillard, who is tipped to lose her bid for a third Labor government term in September, said the “unusually low revenue, which wasn’t forecast even … Continue reading Australia unveils US$12 billion revenue decline