iPredict

Australian Government to achieve budget surplus in 2012-2013

Long Description

This stock will close at $1 if the Australian Government's Final Budget Outcome for 2012/13, expected to be delivered in October 2013 shows that Australia's underlying cash balance for the 2012/13 fiscal year is positive. Otherwise it pays $0

Judging Criteria 

The purpose of this contract is to forecast whether or not the Australian Government will achieve a fiscal surplus in 2012/13. This will be measured by the underlying cash balance.

It is intended that the contract will be closed based on information to be published in the Australian Government's Final Budget Outcome 2012/13, expected to be published in October 2013

For comparison purposes, the Final Budget Outcome 2011/12 can be found at http://www.budget.gov.au/2011-12/content/fbo/html/index.htm and, in table 1, shows that the underlying cash balance in the 2011/12 fiscal year was -43.7 billion dollars.

If a Final Budget Outcome for the 2012/13 Fiscal Year is not published by the end of October 2013, iPredict will make inquiries with The Treasury of the Australian Government to establish an alternative source document on which to close this contract.

iPredict's judgment is final.

This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.