World Socialist Webssite

The Abbott Coalition government’s first budget is a vicious attack on the working class—targeting young people, the unemployed, the chronically ill, the disabled and young families in the interests of the rapacious drive by the financial and corporate elites for the accumulation of ever greater wealth.

As Treasurer Joe Hockey made clear in his speech last night, the budget is only the “first word” in what will be an ongoing and deepening offensive, with “much work” still to be done to bring the budget back into surplus.