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The Fifth Estate

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Boom Time Budget

Listen to Boom Time Budget

Bad for business, good for ‘struggle street’, sharing the resource boom, hampering overseas investment. This is just some of what’s being said about Labor’s 2012-13 budget.

One week on from budget night, join Stephen Mayne, George Megalogenis and host Sally Warhaft as they explore Australia’s fiscal fortitude. Battling opposition jibes that Labor cannot deliver surpluses – and fulfilling his desire to deliver on a long-held promise – Wayne Swan’s 2012-13 planned budget surplus is here ‘on time, as promised and ahead of every other major advanced economy’.

But is this projected return to surplus genuine, or a result of creative accounting? With households largely escaping the cost-cutting measures, who are the winners and losers – and how do the states fare? Will this ‘election’ budget, wearing its Labor values proudly on its sleeve, win back the heartland? Does the average Australian care?

The Fifth Estate

The important stories of the day – off the front pages.

Sally Warhaft hosts a dizzying array of guests from the worlds of politics, culture, international relations and beyond, in a witty and revealing analysis of current affairs.