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The Federal Treasurer, Wayne Swan, says Labor's first Federal Budget in 13 years is tough but fair and aimed at restoring the balance in favour of low to middle income earners. Mr Swan says the Budget, which forecasts a surplus of $21.7bn (1.8 per cent of GDP), prioritises easing the cost of...
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Cullen Speech: Pre-budget address to the CMA
Speech: New Zealand Government 15 May 2008 Speech Notes Hon Dr Michael Cullen Embargoed until 12:30pm Pre-budget address to the Canterbury Manufacturers Association Hello and thank you for that introduction. In my comments today, I will outline what next week’s Budget will do to support the...
The Money Men - Budget wrap
Treasurer Wayne Swan has delivered his first Budget, giving more money to low-income earners but holding back on large-scale spending to comfort the Reserve Bank. The Budget delivered promised tax cuts but also introduced means testing to family benefits to cut down on welfare for high income...
Swan shows cool as Libs in disarray
WAYNE Swan says the Government pulled back from more spending cuts in its first Budget because it didn't want to flatten the economy. And the Treasurer has also admitted there will be a flight from private health insurance of up to 485,000 people as a result of Budget incentives for people to opt...
Foley warns of SA Budget pain
MICHAEL OWEN, POLITICAL REPORTER STATE Treasurer Kevin Foley has warned of "pain" for South Australia in his forthcoming Budget, as the state loses tens of millions of dollars in federal revenue. In the wake of yesterday's Federal Budget, Mr Foley today warned of the impact on SA. "The Federal...
Foley warns of Budget pain
MICHAEL OWEN, POLITICAL REPORTER STATE Treasurer Kevin Foley has warned of "pain" for South Australia in his forthcoming Budget, as the state loses tens of millions of dollars in federal revenue. In the wake of yesterday's Federal Budget, Mr Foley today warned of the impact on SA. "The Federal...
Budget dissection continues
As the senior figures in the Federal Government go from one radio or television studio to the next in an effort to sell Labor's first Budget in 13 years, the assessments are flooding in. There were spending cuts and tax rises, more than paying for the election promises. But Opposition treasury...
Govt expects almost 500,000 to leave private health
Treasurer Wayne Swan has confirmed his own Department predicts 485,000 people will dump their private healthcare cover under changes to the Medicare surcharge that were confirmed in last night's Federal Budget. The figure is well above what the industry was predicting as a result of the surcharge...
Iemma hails 'nation-building Budget'
New South Wales Premier Morris Iemma has welcomed the Federal Government's commitment to examine important infrastructure projects in Sydney. Treasurer Wayne Swan last night outlined a $25 million plan to look at the feasibility of a new rail line for western Sydney and an upgrade of the M5...
Budget 'will stave off rate rises'
PRIME Minister Kevin Rudd and Treasurer Wayne Swan have begun the Budget hard sell, saying it should keep inflation - and therefore interest rates - under control. Mr Swan said he couldn't guarantee there wouldn't be another rise in interest rates - but the Budget had struck "the right balance"....
Iemma hails nation-building Budget
New South Wales Premier Morris Iemma has welcomed the Federal Government's commitment to examine important infrastructure projects in Sydney. Treasurer Wayne Swan last night outlined a $25 million plan to look at the feasibility of a new rail line for western Sydney and an upgrade of the M5...
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Banking, Finance, Banking & Insurance, Construction & Real Estate, Real Estate, Investing & Markets, Direct Taxation, Nonresidential Real Estate, Demographics, Taxation, Taxes on income, Economy, Investing, Government, Financial Markets, Loans & Financing, Peter Garrett, Wayne Swan, Australia
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