Wayne Swan
CANBERRA, AUSTRALIA - MAY 16: Treasurer Wayne Swan and Prime Minister Julia Gillard listen to Opposition leader, Tony Abbott delivering his budget reply in the House of Representatives at Parliament House on May 16, 2013 in Canberra, Australia. Abbott is expected to address how a Coalition government will pay for tax cuts if elected on September 14. The government unveiled the 2013/2014 federal budget on Tuesday, revealing an 19.4 billion deficit with plans to reach surplus by 2016/2017 should the Labor party be re-elected this September.
Quotes
This shows once and for all that the Liberal government left the budget in structural deficit, refusing to make responsible saves when revenue was up, leaving all the heavy lifting to Labor
I don't believe for one minute that the Treasury, left to its own devices, would have come up with some of the unbelievable assumptions that Wayne Swan and (Finance Minister) Penny Wong have based their budget figures on
Its extension to food would have a dramatic impact on the spending power of people on modest incomesMore quotes »
Around the web
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Abbott denounces Government's Brisbane rail funding pledge
Tony Abbott has dismissed the Federal Government's budget pledge for Brisbane's Cross River Rail plan. Last week, Treasurer Wayne Swan promised $715 million for the $5 billion project. But it appears unlikely to go ahead, with Labor locked in a funding stoush from ABC (Australia) Online Read more »
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Kiwis save like Swan can’t
Malpass of the New Zealand Initiative compares New Zealand’s Budget last week with Wayne Swan’s : In 2008, Australia had a mining boom, rising wages and no debt. Its government had delivered consistent surpluses, tax cuts and targeted cash payments to targeted from Herald Sun Read more »
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GST hike would 'smash' low earners: Swan
Treasurer Wayne Swan believes any future change to the breadth or rate of the GST will "smash" low and middle incomes earners. But former NSW premier Nick Greiner believes the perilous public finance conditions facing state governments demand a review of the from The Daily Telegraph Read more »
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GST increase would hurt poor: Swan
the GST would unfairly punish lower income earners and impact on health and education services, says Federal Treasurer Wayne Swan. WA Premier Colin Barnett has called for a change in GST distribution to a per-capita model, which Mr Swan said would have a "savage from The Age Read more »
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‘Band-Aid’ budget lacks inspiration
BUDGET: Treasurer Wayne Swan delivered his sixth national budget on May 14. AFP QUEENSLAND'S peak business body has tipped a bucket on the Federal Budget, claiming it lacked inspiration. Queensland Chamber of Commerce and Industry general manager advocacy from Mackay Daily Mercury Read more »
