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Westpac
Community Treasurers' Awards
Website
Westpac
Community Treasurers' Awards
Greg
Tingle (Mediaman CEO) and Hon Wayne
Swan MP, Treasurer
Westpac
Community Treasurers' Awards
Websites
Westpac
Community Treasurers' Awards
The
Hon Wayne Swan MP
Treasurer
of the Commonwealth of Australia - Westpac Community
Treasurers' Awards media release
Profiles
Wayne
Swan
Treasurer
of Australia
Following the 2007 federal election of the Rudd
government, Swan was appointed Treasurer of Australia
in Kevin Rudd's cabinet on 3 December 2007.
On 13 May 2008, Wayne Swan delivered the first
Federal Labor Budget in 13 years. Fighting inflation
with spending cuts was a key theme. The Newspoll
after the budget showed Swan leading Shadow Treasurer
Malcolm Turnbull as preferred Treasurer for the
first time, with a margin of 40 to 26 percent.
Commentators have attributed this result to leadership
tensions in the Liberal party, mixed messages
on a fuel excise cut from the opposition and general
unpopularity of the opposition leadership of Brendan
Nelson.
In Swan's time as treasurer, the budget has gone
from a surplus of $21.7 billion, to a projected
deficit of $22.5 billion, due to the Global Financial
Crisis, such as the government's stimulus packages,
and a drastic reduction in tax receipts to the
government worth $115 billion over four years
resulting from the economic downturn. (Credit:
Wikipedia)
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