Julia Gillard and Labor have a plan to get the budget back in the black with a surplus in 3 years.

A record of strong economic management through the Global Economic Crisis:

• Australia has the lowest debt and deficit of all major advanced economies

• Australia’s national budget will return to surplus in 3 years, 3 years ahead of schedule and ahead of any major advanced economy.

• Australia has the lowest unemployment rate of all major advanced economies

• Australia was the only major advanced economy to avoid recession

• All while maintaining our AAA credit rating.

• As well as dealing with the Global Recession, under Julia Gillard and Labor:

• Interest Rates are still lower than they were when the Liberals left office.

• The boost to the first home owners grant helped more than 250,000 people buy their first home

• Tax cuts have been delivered in the last three years for working families and low income earners, so someone earning $50,000a year is now paying $1,750 less in tax than they were in 2007.

• Small Businesses have benefitted from an extra 50% small business tax rebate for investments in new productive assets, like new machinery.

• Major investments in infrastructure are rebuilding Australia’s roads, rail, ports and other critical infrastructure.  This will boost economic activity and address years of Liberal Government neglect.

• The new National Broadband Network is being rolled out to ensure Australian businesses have the communication infrastructure necessary to compete with other countries. Broadband is the superhighway of the future & without it our companies & small businesses will not be able compete with the likes of Japan, Korea or Singapore.