The Gillard/Swan government released it's first Federal Budget last night.  As usual there is both praise and condemnation so rather than comment myself I prefer to link in to news sources so that you can make your own opinion.  You can see how the budget will impact you and your family.

The Herald Sun has put together a quick guide.  Below is an image showing where the revenue is sourced and how it is spent.  Please click HERE to for more details, courtesy of the newspaper.