"Australian Treasurer Wayne Swan said the deficit in the May 11 budget will be less than forecast last year, with a “stronger” outlook and 2 percent cap on government spending. The budget will have a “stronger” outlook, yet revenue will be lower amid the global financial crisis, Swan said. The budget was forecast to deliver a A$57.7 billion ($51.1 billion) deficit in the year ending June 30, according to the mid-year budget review published in November." (Quoted from article)