That's the Ocker spirit!

"AUSTRALIANS drank less beer, smoked fewer cigarettes and left the car in the garage more often during the global financial crisis.
Figures contained in final Budget figures for the past financial year reveal the nation tightened its collective belt amid the fiscal gloom."

Seems we're a hardy lot when the chips are down according to the Final Budget Outcome 2009-10.

The Federal Treasurer is skiting that "international credit ratings agency Standard & Poor's said Australia has "exceptionally strong public sector finances even among the 'AAA' rated sovereigns" and Tony Teh Wrecker is not saying much on the subject at all.

Last Friday also saw Treasury release redacted versions of the Red Book for those interested in doing a bit of trawling:

In light of the public interest in the Incoming Government Brief for a returned Labor Government (the so-called Red Book) and consistent with the policy intent that material be published where there is a general interest in its contents, the Treasury has decided to publish the information released under the Freedom of Information Act 1982 (the Act) in relation to the Red Book. Also published is the Treasury’s brief providing an overview of the Treasury portfolio and the related support services (referred to as the administration brief).

Treasury Incoming Government Brief - Red Book - Redacted - Part 1
3,482.31kb
Treasury Incoming Government Brief - Red Book - Redacted - Part 2
3,354.36kb
Treasury Incoming Government Brief - Red Book - Redacted - Part 3
1,461.28kb
Treasury Incoming Government Brief - Red Book - Redacted - Part 4
3,805.27kb
Treasury - Administration Brief - Red Book 572.75kb