Tax hike on the wealthy passes lower house
Although highly criticial of the budget, Labor has helped pass one of its key measures - the temporary tax hike on the wealthy.
Tag: deficit levy
Dig in to destroy deficit, says Hockey
"The age of entitlement is over. It has to be replaced, not with an age of austerity, but with an age of opportunity," Hockey says as he delivers his maiden federal budget.
A budget to shape our future: Hockey
Treasurer Joe Hockey expects his first budget to be criticised if people just look at their own interest rather than for the good of the nation.
Abbott concedes there will be budget pain
Prime Minister Tony Abbott says it'll be "pain with a purpose" in the budget as a new survey shows consumer confidence at its lowest in five years.
I can look people in eye after budget: Abbott
Tony Abbott says that when it comes to fixing the federal budget, everyone has to chip in and do their bit.
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