The Fairfax media are extracting Wayne Swan’s autobiography. This morning he talks about his relationship with Kevin Rudd – okay, whatever. But this bit jumped out at me.
It was Friday, May 14, 2010, three days after I had delivered the budget, and we were about to embark on the traditional budget roadshow. …
Over the previous couple of weeks, media reports had suggested his leadership was beginning to wobble. Conversely, I had received some praise because, on the whole, the budget had been well received for the impressive fiscal consolidation it set out.
So just to remind ourselves as to how that “impressive fiscal consolidation” worked out I graphed the budget balance from the 2010 Budget Papers and compared them to the actual budget balances reported in the latest Budget Papers.
Slow hand clap – bravo. Well done that man.
Cats will also recall that 2010 was the Stimulusgate budget.