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For Osborne, the grim news on the deficit must be a spur to make this Budget about restoring business investment and the productivity growth that will follow.
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But, it adds, "this budget was about more than providing support for savers.
"The old way of looking at winners and losers, that's not what this budget is about".
We look at how this budget has come about, what cuts are expected and how they are likely to affect public services.
This budget is about the national interest.
Matt Grudnoff is a senior economist at The Australia Institute This budget is about the national interest.
"Frankly this budget is about protecting one man's job as opposed to creating more jobs across Australia," Pitt said.
"I would like to tell you that this budget brings about the end of our fiscal crisis, but I can't do that; that would be intellectually dishonest," Mr. Paterson said.
This budget isn't about economics, though, it's about politics--an effort to use a dysfunctional budget process to achieve political ends (weaken environmental regulations, attack certain unions, further reduce the funds and autonomy of local governments and school boards) that could not be won openly in an election.
But this budget is not about self-interest.
If you're trying to understand what all this budget stuff is about (and can spare a few hours to figure it out), you can consult the article.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com