Welcome to Treasurer Wayne Swan’s great balancing act – trying to deliver a Federal Budget surplus while trying to minimise the political pain of delivering cuts to programs, services, subsidies and tax concessions and, possibly, increased taxes.
For SMEs, it’s a crucial Budget. With the economy spluttering, cutbacks to business programs or assistance measures are going to be felt keenly, while changes to personal tax and super concessions also loom as a pain point.
SmartCompany editor James Thomson and deputy editor Cara Waters will travel to the Budget Lockup in Canberra on May 8 and present a special Budget email edition soon after Wayne Swan takes to the floor of Parliament to deliver his big set piece.
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