Skip to content
Subscriber Only

Swan Says Goal of Australian Budget Surplus Is Correct Strategy

Australia’s low unemployment compared with other industrialized nations and record investment make returning the budget to surplus the correct strategy, Treasurer Wayne Swan said.

Achieving a surplus during fiscal 2012-13 is “the right strategy for an economy returning toward trend growth,” Swan said in his economic note yesterday. “With solid growth, contained inflation, very low public debt, low unemployment and a record pipeline of investment, we are the envy of virtually every advanced economy.”