Wayne Swan

THE NEWS WRAP: Treasury warns budget figures are based on “unsustainable” commodity prices

5:14AM | Thursday, 23 May 2013 |  New reports from the Parliamentary Budget Office and the Treasury have called into question key figures in the federal budget, with the reports raising the prospect of a blowout in the 2016/17 budget.

THE NEWS WRAP: Medicare levy increase could hurt retailers, Myer boss warns

5:09AM | Thursday, 2 May 2013 |  Myer chief executive Bernie Brooks has warned the Gillard government its proposed increase in the Medicare levy surcharge, which will fund the government’s national disability insurance scheme, could hurt retailers.

Could the federal budget hurt your business?

4:32PM | Monday, 29 April 2013 |  Prime Minister Julia Gillard has warned of a larger than expected $12 billion blowout in the federal budget. How will future budget cuts hurt your business?

THE NEWS WRAP: Julia Gillard to reveal $12 billion budget blowout

4:14AM | Monday, 29 April 2013 |  Prime Minister Julia Gillard is set to use a speech at the Per Capita Institute think tank in Canberra to reveal a $12 billion forecast deficit in the federal budget this financial year, due to lower taxes from companies.

THE NEWS WRAP: Gillard government prepares public for budget deficits

4:14AM | Tuesday, 23 April 2013 |  Treasurer Wayne Swan has begun preparing the public for a deficit and possible budget cuts, following a warning by the Grattan Institute the federal government faces deep structural deficits for many years ahead.

THE NEWS WRAP: Australia set for a decade of government deficits

4:18AM | Monday, 22 April 2013 |  Australian state and federal government deficits are set to reach 4% of GDP, or $60 billion in real terms, unless governments make tough cuts to “share the pain”.

Government announces superannuation changes: Everything you need to know

4:59PM | Friday, 5 April 2013 |  The federal government has finally announced its long-awaited changes to the superannuation system, following weeks of speculation – but the industry says it's a mixed bag.

Another $350 million for innovation fund under Venture Australia

2:06PM | Monday, 18 February 2013 |  Start-ups look set to benefit from a new $350 million round of equity funding through the federal government’s Innovation Investment Fund, announced as part of the Venture Australia package.

Business tax concessions under threat as election rhetoric heats up

1:59PM | Thursday, 31 January 2013 |  Federal Opposition Leader Tony Abbott says the Coalition will only release its policy costings after the government releases theirs, after the Prime Minister flagged a number of cost-saving measures to be considered ahead of the budget.