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Treasury stands by budget forecasts
The economic forecasts included in the federal budget are Treasury's 'best professional estimates'.

The economic forecasts included in the federal budget are Treasury's 'best professional estimates'.

Labor MPs to fight for Newstart increase

Some Labor MPs will continue the fight for an increase in the Newstart Allowance after the budget.

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    Julia Gillard defends federal budget

    Prime Minister Julia Gillard has defended her government's budget, stating tough choices had to be made.

    Abbott can't put timeframe on surplus

    Opposition Leader Tony Abbott can't say how long it would take to get the budget back into surplus.

    ACOSS welcomes changes to baby bonus

    Changing the baby bonus was the right move, say ACOSS, the nation's peak welfare body.

    Hockey considers position on baby bonus

    The coalition won't make a 'knee-jerk' decision on whether it will back the axing of the baby bonus.

    Gillard writes off deficit blowout

    PM Julia Gillard has dismissed figures that show the budget was heading into deficit before tax writedowns.

    Surplus would have hurt economy - Swan

    Treasurer Wayne Swan says jobs would have been at risk if spending had been slashed to achieve a surplus.

    MRRT to raise millions, not billions

    The federal government's mining tax will not meet expectations of the promised billions of dollars.

    Australia keeps AAA rating after budget

    Australia's AAA rating remains unchanged despite the federal government handing down an $18 billion deficit.

    Budget a missed opportunity for business

    The federal budget has missed the opportunity to take the pressure off business, the ACCI says.

    Carbon tax take falls with price

    The carbon price is expected to be less than half of previous predictions once it moves to a floating price.

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