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Last night Treasurer Wayne Swan announced projections that the federal budget will be effectively a ‘balanced budget’ in 2012-13 with a nominal surplus of $1.5 billion. The surplus is forecast to rise to $2 billion in 2013-14 and to $5.3 billion the following year.
Many aspects of life require careful consideration and balancing of the tradeoffs that arise from competing demands. For example, a common lifestyle tradeoff is working longer hours versus spending more time with your family.
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