Bearers of bad news: Treasurer Chris Bowen and Finance Minister Penny Wong deliver the government’s economic statement.

Economic statement: experts respond

A slowing economy and drop in government revenue has led to an increased budget deficit, new taxes and some cuts to existing programs. Delivering the Rudd government’s long awaited economic statement…
Federal treasurer Wayne Swan’s election year budget has to reconcile huge revenue writedowns with spending promises for schools and the disability insurance scheme. AAP Image/Lukas Coch

Federal budget 2013: expert reactions

Australian Federal Treasurer Wayne Swan has handed down his sixth budget, facing an almost impossible task: how to reconcile an enormous revenue shortfall with big spending promises, all while keeping…

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