A budget forged in the fire!

Wayne Swan delivered the federal budget tonight outlining how the government will spend $58 BN (though he never mentioned the deficit number did he?). A budget that was "forged in the fire". He made some interesting points regarding infrastrucutre spending, and drew a lot of laughter when he suggested increasing the retirement age by 2 years.  

There was a lot of chatter on twitter, so much that the hashtags for #ausbudget09 and #budget09 became trending topics after the speech was delivered. @austax microblogged the whole time while watching the speech on ABC, delivering live updates from our various correspondents. 

We're currently in lockdown in the moment, like other major news outlets, accounting firms and financial institutitions digesting all the information. We are discussing the changes and writing up some analysis - some will be ready for tonight, and there'll be more tomorrow as well. 

Watch this space!  

Cheers, 

The Austax team

The #1 provider of Australian tax news on twitter.