Wayne Swan tells journalists the government’s promised budget surplus is now unlikely to be delivered. ABC News

Swan says budget surplus now unlikely: experts respond

Treasurer Wayne Swan has acknowledged it’s unlikely the government will deliver the budget surplus it had been promising for next year, following the release of a disappointing monthly financial statement…
Federal treasurer Wayne Swan welcomed the report. AAP Image/Alan Porritt

Broaden GST and cut industry subsidies: OECD

Australia’s robust economy makes it the “Iron Man” of the developed world but the government should hike the GST rate and apply it more broadly, according to a new OECD report released today. “Tax reforms…
Treasurer Wayne Swan is maintaining a slimmed down surplus for 2012-2013 - but storm clouds are rolling over the global economy. AAP

Slimmed down surplus as Swan unveils mid‑year budget: experts respond

The Federal Government is still aiming to deliver a slimmed down surplus next financial year, but has downgraded economic growth forecasts amid a slowing world economy and news that Europe may already…

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