Arab Today, arab today australia to hand down budget for \battlers\
Last Updated : GMT 22:40:16
Arab Today, arab today
Arab Today, arab today

Australia to hand down budget for \'battlers\'

Arab Today, arab today

Arab Today, arab today Australia to hand down budget for \'battlers\'

Canberra - Arabstoday

Australian Treasurer Wayne Swan was Tuesday set to deliver the nation's toughest budget in 25 years, bringing its high-powered mining economy back to surplus in the face of global turmoil. The unpopular government of Prime Minister Julia Gillard has pitched the budget, its fifth since Labor took office in late 2007, at its traditional voters the so-called ordinary, hard-working "battlers". "In many ways this is a battler's budget," said Swan, who has warned of serious fiscal tightening. "It makes sure we support jobs, it provides cost of living support for those under financial pressure, and it puts in place new initiatives for some of the most vulnerable in our community." The budget Swan hands down at 7:30 pm (0930 GMT) is expected to turn around a deficit of at least Aus$37.1 billion (US$37.7 billion) from the current financial year 2011-12 to a $1.5 billion surplus in 2012-13. It is set to include deep cuts in military spending, led by delaying the order of 12 F-35 Joint Strike Fighter jets and scrapping plans to give the army new self-propelled artillery. Families, though, are set to benefit with more money in the pockets of those with school-aged children, while a national disability scheme will be established. Swan, who has engaged in a war-of-words with some of Australia's richest people, accusing the vested interests of the powerful of infecting democracy, said the budget was designed to share the prosperity of the mining boom. The government is hoping its belt-tightening will give the central bank more room to cut interest rates, which stand at 3.75 percent, providing much needed relief for mortgage holders who are battling high real estate prices. "When you look around the world, when you look at what's happening in Europe, you can see that Australia's economic fundamentals are strong," Swan said. "What tonight is about is making sure they stay that way and that's why coming back to surplus is so important." Gillard said that bringing the budget into surplus, which the government says will protect the economy against external shocks, was "the right economic measure now". The embattled leader, who leads a wafer-thin majority in a parliament hit by scandals, said it was a budget which "goes into bat for millions of Australians on low and middle incomes". But the conservative opposition has accused the government of producing a "cooked books surplus" by switching expenditure from this financial year into the next. "Frankly the $1.5 billion surplus is essentially just a rounding error," opposition leader Tony Abbott said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia to hand down budget for \battlers\ Arab Today, arab today australia to hand down budget for \battlers\

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Wadih al-Azzazi calls for activating news coverage

GMT 19:29 2017 Thursday ,30 March

Wadih al-Azzazi calls for activating news coverage
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday