Top Democrat announces budget agreement

                   
wtop.com     May 13, 2008            

By ANDREW TAYLOR Associated Press Writer WASHINGTON (AP) - Democrats controlling Congress are leaving grim decisions on automatic tax increases to the next president and the newly elected Congress under a freshly negotiated House-Senate blueprint for the upcoming budget year. The fiscal 2009... [read full story]                

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Economists predict deep spending cuts in Australian government's annual budget

tmcnet.com     May 12, 2008          

Economists predict deep spending cuts in Australian government's annual budget ... CANBERRA, Australia_Prime Minister Kevin Rudd's first annual budget since his party won control of Australia's government last year will likely contain deep spending cuts in a bid to curb...                

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Spending cuts tipped in Australia budget

ibtimes.com     May 12, 2008          

Prime Minister Kevin Rudd's first annual budget since his party won control of Australia's government last year will likely contain deep spending cuts in a bid to curb inflation fueled by high oil prices and a mining boom, economists said Monday. ... They also agreed...                

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Economists predict deep spending cuts in Australian government's annual budget

iht.com     May 12, 2008          

Prime Minister Kevin Rudd's first annual budget since his party won control of Australia's government last year will likely contain deep spending cuts in a bid to curb inflation fueled by high oil prices and a mining boom, economists said Monday. ... They also agreed...                

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Treasurer says Australian annual budget 'tough but fair'

tmcnet.com     May 12, 2008          

Treasurer says Australian annual budget 'tough but fair' ... CANBERRA, Australia_Prime Minister Kevin Rudd's first annual proposed budget would invest in health, education and infrastructure while cutting back on spending in other areas to curb inflation, the treasurer...                

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Treasurer says Australian annual budget 'tough but fair'

iht.com     May 13, 2008          

Prime Minister Kevin Rudd's first annual proposed budget would invest in health, education and infrastructure while cutting back on spending in other areas to curb inflation, the treasurer said Tuesday. ... "This budget will be tough but it will be fair," Treasurer Wayne...                

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No Rabbits Out of This Budget Hat, Says Swan

epochtimes.com     May 13, 2008          

CANBERRA—Federal Treasurer Wayne Swan says he won't be pulling any rabbits out of a hat in his first budget tonight but it will be one that is tough while investing for the next decade. It will rein in the irresponsible spending of the previous Howard government and tackle inflation, while investing...                

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Treasurer says Australian budget 'tough'

ibtimes.com     May 13, 2008          

CANBERRA, Australia (AP) - New Australian Prime Minister Kevin Rudd's first annual budget, to be unveiled Tuesday, will invest in health, education and infrastructure while slashing spending in other areas to curb inflation, his top official said. "This budget will be tough but it will be fair,"...                

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Australian government budgets US$38 billion for infrastructure spending

tmcnet.com     May 13, 2008          

CANBERRA, Australia_The government plans to spend 40 billion Australian dollars (US$38 billion; ?24 billion) on modernizing national infrastructure so Australia can better capitalize on a mining boom and the economic growth of China and India, the treasurer announced Tuesday. Establishing three...                

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Infrastructure focus of Australia budget

ibtimes.com     May 13, 2008          

The government plans to spend 40 billion Australian dollars (US$38 billion; euro24 billion) on modernizing national infrastructure so Australia can better capitalize on a mining boom and the economic growth of China and India, the treasurer announced Tuesday.                

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Australian government budgets US$38 billion for infrastructure spending

iht.com     May 13, 2008          

The government plans to spend 40 billion Australian dollars (US$38 billion; €24 billion) on modernizing national infrastructure so Australia can better capitalize on a mining boom and the economic growth of China and India, the treasurer announced Tuesday.                

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