Tag: Wayne Swan

Wayne Swan claims Labor is responsible for the 3.3 percent growth in Gross Domestic Product in the National Accounts data released by the ABS today.

Labor’s fiscal stimulus policy at the height of the global financial crisis will net the Federal Government an additional $16 billion in tax receipts from those who would have otherwise been unemployed.

Both Deputy Prime Minister Wayne Swan and Federal Opposition leader Tony Abbott will address the COSBOA National Small Business Summit in Brisbane this week.

Australia’s banks may find themselves forced to cut discounts on home loan rates to avoid having to increase their standard variable home loan rates outside the RBA’s changes.

Julia Gillard has come under fire for refusing to elevate the Minister for Small Business, Craig Emerson into Cabinet in her Cabinet re-shuffle today.

Treasurer Wayne Swan has been forced to defend the Labor Party’s moves to oust former Prime Minister Kevin Rudd through caucus dealing at the G20 conference in Toronto, Canada.

Kristina Keneally will defend jobs in regional NSW threatened by the Kevin Rudd’s proposed Resource Super Profits Tax (RSPT) the Premier claimed yesterday.

Australia is set to continue its strong resources lead economic recovery, returning to levels of prosperity not seen since the beginning of 2008. At least for resource rich states like Queensland and Western Australia concludes the latest Business Outlook report from Access Economics.

Treasurer Wayne Swan has warned against expectations of a budget surplus despite the global recession economic recovery as tax receipts continue to be depressed.

The Federal Government has removed the bank large deposit and wholesale funding guarantee established to stabilise banks due to the Global Financial Crisis.