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Key numbers:- 2012-13: $19.4 billion deficit confirmed- 2013-14: $18 billion...

Key numbers:- 2012-13: $19.4 billion deficit confirmed- 2013-14: $18 billion deficit forecast- 2014-15: $10.9 billion deficit forecast- 2015-16: $800 million surplus forecast- 2016-17: $6.6 billion...

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Another snap from AAP lensman Alan Porritt: Julia Gillard braves the rain...

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Ratings agency Standard and Poor's says Australia's AAA rating will not be...

Ratings agency Standard and Poor's says Australia's AAA rating will not be affected by the budget despite the surplus delay.

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Julia Gillard was continuing her defence of Treasury's forecasting this...

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Veteran political reporter Laurie Oakes says credibility remains an issue for...

Veteran political reporter Laurie Oakes says credibility remains an issue for Treasurer Wayne Swan."In previous years there has been a lot of big talk, overpromising," he told Channel Nine."Last night...

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Tony Abbott speaks to Sabra Lane in the ABC's Parliament House studio.

Tony Abbott speaks to Sabra Lane in the ABC's Parliament House studio.

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Watch: @TonyAbbottMHR tells @SabraLane the Government has a spending problem,...

Watch: @TonyAbbottMHR tells @SabraLane the Government has a spending problem, not a revenue problem http://youtu.be/wZEJraE3WyY #budget

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Shadow Treasurer @JoeHockey on economic indicators: "There's an argument that...

Shadow Treasurer @JoeHockey on economic indicators: "There's an argument that the Aust. stock exchange is under-performing" #Faine

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Budget will push up patient costs: doctors' groups t.co @abcnews via @atko17...

Budget will push up patient costs: doctors' groups t.co @abcnews via @atko17 @kate_stephens @612brisbane #auspol

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Watch: @JoeHockey says Labor has repeatedly got it wrong on the size of...

Watch: @JoeHockey says Labor has repeatedly got it wrong on the size of government debt http://youtu.be/LuDkWYc9j74 #budget #budget2013

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How will the budget affect you? Share your story.

How will the budget affect you? Share your story.

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Some great photos here from the ABC's James Glenday, taking a look at what...

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I think this budget will have far reaching implications internationally, with...

I think this budget will have far reaching implications internationally, with Australia cutting foreign aid this may very well affect Australia's competitiveness internationally and affect other...

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Listen to @AndrewRobbMP's response to #Budget for #Tas with @LeonCompton here...

Listen to @AndrewRobbMP's response to #Budget for #Tas with @LeonCompton here t.co #politas

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The PM is very emotional, talking to the Medicare Levy Bill ... struggling to...

The PM is very emotional, talking to the Medicare Levy Bill ... struggling to finish her speech.

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Prime Minister in tears as she introduces NDIS legislation in Parliament

Prime Minister in tears as she introduces NDIS legislation in Parliament

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Applause for the PM as she finishes her speech on the Medicare Levy bill ....

Applause for the PM as she finishes her speech on the Medicare Levy bill ....

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Tony Abbott was not happy this morning when AM's Sabra Lane used the...

Tony Abbott was not happy this morning when AM's Sabra Lane used the post-budget interview to ask him about his staffer Mark Roberts, who was demoted after making a throat-cutting gesture and...

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"Australia’s strong economy and Australia’s social safety nets are the envy...

"Australia’s strong economy and Australia’s social safety nets are the envy of the world." - PM #DisabilityCare t.co

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Prime Minister Julia Gillard has been brought to tears in Parliament while...

Prime Minister Julia Gillard has been brought to tears in Parliament while introducing legislation to help fund the national disability insurance scheme.In an emotional speech, Ms Gillard spoke of some...

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Or maybe it's just hugely important reform.. MT @newscomauHQ: A stressful 24...

Or maybe it's just hugely important reform.. MT @newscomauHQ: A stressful 24 hrs has taken its toll on PM as she breaks down in Parlt #NDIS

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If the Budget in total is 1500 billion and the deficit is 19-20 billion can...

If the Budget in total is 1500 billion and the deficit is 19-20 billion can someone please explain to me how such a small amount statistically speaking can generate so much news??? If this were a...

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AgForce says Qld farmers won’t get much relief from new programs announced in...

AgForce says Qld farmers won’t get much relief from new programs announced in last night's federal #budget http://bit.ly/140otqg

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. @MikeCarlton01 Every treasurer advised in an alien language. Only Keating...

. @MikeCarlton01 Every treasurer advised in an alien language. Only Keating bothered to translate. That's why people remember what he said.

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The Government has begun the hard sell for its election-year budget,...

The Government has begun the hard sell for its election-year budget, defending its decision to axe the baby bonus and fending off Opposition criticism that the budget is "fundamentally...

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Wayne Swan looks on as an emotional Julia Gillard introduces the...

Wayne Swan looks on as an emotional Julia Gillard introduces the DisabilityCare funding legislation this morning.

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Tony Abbott says Oppstn doesn't expected to skate into govt: we are working...

Tony Abbott says Oppstn doesn't expected to skate into govt: we are working very hard every day and we take nothing for granted. #budget

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PM Gillard: Treasury advice was "best possible advice, [from] the same people...

PM Gillard: Treasury advice was "best possible advice, [from] the same people who advised PMr Howard and governments before that". #budget

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PM Gillard on why #budget didn't boost Newstart: I value work. I think it is...

PM Gillard on why #budget didn't boost Newstart: I value work. I think it is important that kids grow up in a household where someone works

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How good are #budget forecasts? Find out with our chart of estimates versus...

How good are #budget forecasts? Find out with our chart of estimates versus reality http://bit.ly/14lpfhg #budget2013

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I have no idea why some people insist that taxpayers contribute to so much...

I have no idea why some people insist that taxpayers contribute to so much overseas aid. It hardly ever gets to where it should go, we never get thanked for it, most people who get it don't know where...

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Chris Richardson: You just need a butterfly landing on the wrong spot in...

Chris Richardson: You just need a butterfly landing on the wrong spot in China and bang there goes your surplus #auspol #budget2013

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Major policy spending / savings over forward estimates.

Major policy spending / savings over forward estimates.

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For me, this chart is the story of the past 5 years of budgets in Australia t.co

For me, this chart is the story of the past 5 years of budgets in Australia t.co

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Because that REALLY is why we should donate to aid projects isn't it - to get...

Because that REALLY is why we should donate to aid projects isn't it - to get thanked. Aid may not be efficient but to use that as justification for not giving is just pathetic and selfish.

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The House of Representatives as PM @JuliaGillard introduces legislation to...

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@ Meo Shiu "Why buy australian when you can afford to buy elsewhere cheaper...

@ Meo Shiu "Why buy australian when you can afford to buy elsewhere cheaper ?"We even don't buy Australian, not that there is hardly anything Australian in the market. That's what happens when only one...

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Labor is so obvious in self serving.

Labor is so obvious in self serving.

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Laurie Oakes says Gillard cried in parliament because she knows she's "going...

Laurie Oakes says Gillard cried in parliament because she knows she's "going to lose" & she sees NDIS as her legacy t.co

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Watch rolling budget coverage on ABC News 24.

Watch rolling budget coverage on ABC News 24.

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That's a wrap for this morning's budget blog, but there will be ongoing...

That's a wrap for this morning's budget blog, but there will be ongoing coverage throughout the day on http://www.abc.net.au/news/.

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A billion here, a billion there - here's last night's run down of the...

A billion here, a billion there - here's last night's run down of the budget's winners and losers.

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Budget faces up to Australia's economic reality - @GrogsGamut analyses the...

Budget faces up to Australia's economic reality - @GrogsGamut analyses the #budget with a few graphs t.co

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