Oliver's Insight: The 2013-14 Australian Budget – struggling back to surplus

Key points

• The positives in the Budget are more for education, disability care and roads together with savings in middle class welfare.
• However, the deficit is worse than expected, with a surplus pushed out at least three years.
• While the Government has announced more budget savings, their impact is zero for the year ahead.
• It’s hard to see major implications for investment markets. 
• Australia’s public finances are benign compared to other advanced countries, but they should be much stronger given the biggest resources boom in our history. 

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