New South Wales Treasurer and Minister for Industrial Relations, the Hon Andrew Constance MP, has delivered his budget speech, declaring “New South Wales is back in the game".

NSW Treasurer Andrew Constance declared: “We are now in control of the NSW Budget, it is no longer controlling us.”

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By Rebecca Manley, Consultant

No matter how well you’re prepared for every possible eventuality, sometimes there can be no stopping a communications crisis from arising.

Long gone are the days where the speed of news travelling the world was measured in years. Now, with the ever expanding presence of internet and social media, news of a company’s failing can spread like wildfire, destroying a reputation in an instant.

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The Queensland Government will seek $25 billion in private investment as part of its drive to pay down the state's debt and recover its Triple A Credit rating.

Treasurer Tim Nicholls handed down his third Budget today – the last one before the Newman Government is due to face voters at an election in March next year.

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Federal Treasurer, the Hon. Joe Hockey MP, delivered the Coalition's first budget revealing the deficit will fall from $49.9 billion to $29.8 billion in the 2014 financial year. In the 2017-18 year, the debt is expected to fall to $2.8 billion, assuming the government passes all the legislative requirements for the budget.

The new Abbott government will be focussing on debt and deficit at the cost of substantial cuts in fiscal outlays, rising taxation through fuel indexation, and the deficit levy. As the Treasurer quotes, "That age of entitlement is over," but there will be significant electoral repercussion for the Coalition with the cuts that have been foreshadowed in the welfare, health and education arena.

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