FED:Treasurer outlines Budget "challenges"

AAP General News (Australia)
04-11-2011
FED:Treasurer outlines Budget "challenges"

Federal Treasurer WAYNE SWAN says natural disasters at home and abroad will present
challenges for the government's 2011 Budget.

Mr SWAN has told reporters in Melbourne this morning the floods in Queensland and Victoria
and the Japanese tsunami will hit the Budget bottom line.

He says the disasters have had a significant effect on domestic production which in
turn reflects in lower company tax and lower personal income tax.

The treasurer is in Melbourne to launch the Salvation Army's 2011 Red Shield Appeal.

AAP RTV jcr/gfr/sw/

KEYWORD: BUDGET (MELBOURNE)

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