CommSec Equities Economist, Savanth Sebastian rates Wayne Swan's fourth Federal Budget, detailing its focus and how it positions Australia’s economy for growth. Outlining the impact of the budget and reaction from the market, Mr Sebastian looks into the resource industry and the budget’s reliance on the mining boom, noting the proposed carbon tax and its absence from the budget. Mr Sebastian also explains the budget’s impact on interest rates and provides a forecast for interest rates this year and the likelihood of returning to surplus in 2013. Lelde Smits reporting.
