Australian Budget redirects 'boom' funds

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offtopicz.com May 13, 2008

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... [read full story]

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Australians will understand tough Budget: Swan

abc.net.au May 12, 2008

Federal Treasurer Wayne Swan says he suspects Australians will understand the need for tough decisions in tomorrow's Federal Budget. ... The Government looks certain to means test the baby bonus as part of plans to cut public spending, and has confirmed it will raise...

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Swan aims to deliver responsible Budget

abc.net.au May 12, 2008

Mr Swan says he thinks Australian families will understand the tough decisions which the Government has made, as it has worked to slash billions of dollars in spending. But one Opposition frontbencher says he thinks the 2008 Budget will be a squib, with a lot of rhetoric but no substance.

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Swan prepares to deliver Budget

abc.net.au May 12, 2008

Federal Treasurer Wayne Swan will tonight reveal the economic direction he has set for the nation, when he hands down the Budget. ... Mr Swan says he has taken tough decisions to cut excessive spending and has tried to insulate working families from his cuts - but higher...

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Swan readies Budget of 600 cuts

abc.net.au May 12, 2008

After six months of finding savings and making cuts, Treasurer Wayne Swan will tonight hand down the Rudd Government's first Budget. ... Mr Swan says he has made more than 600 cuts and expects to be left with a surplus of around $17 billion as an inflation buffer. The...

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Government 'waging war on wealth'

news.com.au May 13, 2008

FEDERAL Opposition Leader Brendan Nelson has told his MPs the Rudd Government is bringing back a left-wing agenda. ... And his Deputy Leader Julie Bishop predicted tonight's Budget would be a "war on wealth". Budget 2008: Full coverage Liberal and Nationals MPs gathered...

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Opposition in final pre-Budget attack

abc.net.au May 13, 2008

The Federal Government and Opposition are trading blows over their economic credentials, just hours before the Budget is unveiled. ... Opposition Leader Brendan Nelson went on a pre-Budget attack in Question Time. The Opposition is critical of the Government's promised...

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Struggling families Budget's big winners

news.com.au May 13, 2008

STRUGGLING mums and dads are the big winners but the rich can expect a future windfall from the 2008 Budget in which the Government unveiled a $55 billion package to support working families. Unveiling a surplus of $21.7 billion, Treasurer Wayne Swan said the Budget was designed to “tip the...

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